SMRA Interim ACC - Q3 2015 (Limited Review-Bilingual)

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PT Summarecon Agung Tbk

dan Ent it as anaknya/

and It s Subsidiaries

Laporan keuangan konsolidasian interim yang t idak diaudit

t anggal 30 Sept ember 2015 dan

untuk periode sembilan bulan yang berakhir pada t anggal tersebut

besert a laporan at as reviu informasi keuangan

interim/

Unaudit ed int erim consolidat ed financial st at ement s

as of Sept ember 30, 2015

and for the nine-mont h period t hen ended

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Halaman/

Page

Laporan atas Reviu Informasi Keuangan Interim Report on Review of Interim Financial Information

Laporan Posisi Keuangan Konsolidasian Interim... 1-3 .. Interim Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan Interim Consolidated Statements of Profit or Loss

Komprehensif Lain Konsolidasian Interim... 4 ... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian Interim ... 5-7 . Interim Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian Interim ... 8-9 ... Interim Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan Notes to the Interim Consolidated

Konsolidasian Interim ... 10-222 ... Financial Statements

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The original consolidated financial statements included herein are in the Indonesian language.

PT SUMMARECON AGUNG Tbk DAN ENTITAS ANAKNYA

LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM

Tanggal 30 September 2015 (Tidak Diaudit) (Disajikan dalam ribuan rupiah,

kecuali dinyatakan lain)

PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As of September 30, 2015 (Unaudited) (Expressed in thousands of rupiah,

unless otherwise stated)

Disajikan kembali (Catatan 2.ad)/

As restated (Note 2.ad)

1 Januari 2014/

31 Desember/ _{31 Desember 2013/}

Catatan/ 30 Sept 2015/ December 31, January 1, 2014/

Notes Sept 30, 2015 2014 December 31, 2013

ASET ASSETS

ASET LANCAR CURRENT ASSETS

2e,2t,2w,4,

Kas dan setara kas 34,35 974.117.211 1.770.781.044 2.818.939.636 Cash and cash equivalents

2g,2n,2w,6,

Piutang usaha 15,35 Trade receivables

Pihak-pihak berelasi 2h,33 2.437.433 2.504.584 4.537.349 Related parties

Pihak ketiga 406.084.828 74.733.197 177.847.115 Third parties

Piutang lain-lain 2w,7,35 13.623.075 10.144.046 33.659.358 Other receivables Persediaan 2i,2o,2p,8 4.694.301.776 3.340.508.878 3.263.610.755 Inventories Pajak dibayar dimuka 2v,20a 211.476.873 257.849.925 399.226.739 Prepaid taxes Biaya dibayar dimuka 2j,9 63.131.381 27.656.399 16.905.011 Prepaid expenses

Uang muka 11 414.924.672 370.463.603 287.488.726 Advances payments

Aset keuangan lancar lainnya 2w,14,35 106.162 374.933 1.206.839 Other current financial assets

TOTAL ASET LANCAR 6.780.203.411 5.855.016.609 7.003.421.528 TOTAL CURRENT ASSETS

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang lain-lain 2w,7,35 14.447.067 347.067 347.067 Other receivables Piutang pihak-pihak berelasi

non-usaha 2h,2w,33,35 55.123.803 104.167.383 110.441.754 Due from related parties Tanah yang belum dikembangkan 2k,10,15 5.347.630.956 4.322.302.742 2.858.460.500 Undeveloped land Investasi pada entitas asosiasi 2f,5,38 - - 284.281.658 Investments in associates

Uang muka 11 945.555.727 928.276.653 357.222.356 Advance payments

Aset tetap 2l,2p,12,15 412.056.479 368.093.737 353.248.269 Fixed assets

2m,2n,2o,2p,

Properti investasi 13,15,16 4.144.401.956 4.018.888.217 3.132.508.029 Investment properties Aset pajak tangguhan 2v,20f 15.798.896 14.494.759 11.833.903 Deferred tax asset

2e,2w,14,15,

Aset keuangan tidak lancar lainnya 35 87.946.908 116.931.027 75.462.556 Other non-current financial assets Aset tidak lancar lainnya 202.972.455 144.153.683 67.772.747 Other non-current assets

TOTAL ASET TIDAK LANCAR 11.225.934.247 10.017.655.268 7.251.578.839 TOTAL NON-CURRENT ASSETS

TOTAL ASET 18.006.137.658 15.872.671.877 14.255.000.367 TOTAL ASSETS

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LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

2t,2w,15,

Utang bank jangka pendek 34,35 617.812.685 289.307.719 44.995.572 Short-term bank loans

2t,2w,17,

Utang usaha kepada pihak ketiga 34,35 77.490.620 70.986.339 69.573.513 Trade payables to third parties Utang lain-lain 2w,18,35 114.967.839 151.325.522 133.288.417 Other payables

2t,2w,19,

Beban akrual 34,35 1.767.607.373 420.967.868 414.800.333 Accrued expenses

Utang pajak 2v,20b 52.917.651 35.260.602 48.339.058 Taxes payable

Utang pihak-pihak berelasi

non-usaha 2h,2w,33,35 - 53.714.456 - Due to related parties

Uang muka yang diterima 2r,2w,22,35 Deposits received

Pihak-pihak berelasi 2h,33 119.101 41.363.911 1.083.406 Related parties Pihak ketiga 1.089.111.977 2.120.159.929 3.901.081.255 Third parties

Pendapatan diterima dimuka 2n,2r,23 Unearned revenues

Pihak-pihak berelasi 2h,33 2.065 2.065 45.521 Related parties

Pihak ketiga 281.896.723 291.028.244 288.677.180 Third parties

Utang jangka panjang yang

jatuh tempo dalam satu tahun: 2w,15,35 Current maturities of long-term debts:

Utang bank dan utang lembaga Loans from banks and

pembiayaan 2t,34 158.851.608 216.712.032 199.148.723 financing institutions Utang sewa pembiayaan - 23.847 154.590 Obligations under finance lease

Liabilitas imbalan kerja Liability for short-term

jangka pendek 2s,2w,21,35 5.066.189 3.418.761 2.588.204 employee benefits

TOTAL LIABILITAS

JANGKA PENDEK 4.165.843.831 3.694.271.295 5.103.775.772 TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang jangka panjang - setelah

dikurangi bagian yang jatuh tempo Long-term debts - net of

dalam satu tahun: 2w,15,35 current maturities:

Utang bank dan utang lembaga Loans from banks and

pembiayaan 2t,34 2.579.626.058 2.192.683.782 1.666.888.111 financing institutions Utang sewa pembiayaan - 2.642 33.959 Obligations under finance lease Utang obligasi dan sukuk ijarah 2aa,16 1.984.195.828 1.683.751.006 590.242.341 Bonds payable and sukuk ijarah Utang lain-lain 2w,18,35 11.062.068 30.939.463 9.477.139 Other payables Utang pihak-pihak berelasi

non-usaha 2h,2w,33,35 88.885.597 - 34.250 Due to related parties

Liabilitas imbalan kerja Liability for long-term

jangka panjang 2s,21 112.217.999 141.511.860 110.896.641 employee benefits

Uang muka yang diterima 2r,2w,22,35 Deposits received

Pihak-pihak berelasi 2h,33 8.958.709 8.125.726 35.221.188 Related parties Pihak ketiga 1.650.382.455 1.645.152.897 1.706.709.583 Third parties Pendapatan diterima dimuka 2n,2r,23 71.731.582 41.967.185 10.363.578 Unearned revenues Liabilitas pajak tangguhan 2v,20f 1.067.614 1.067.614 1.156.949 Deferred tax liabilities Liabilitas keuangan jangka panjang

lainnya 2w,35 16.342.450 16.742.451 22.525.703 Other non-current financial liabilities

TOTAL LIABILITAS

JANGKA PANJANG 6.524.470.360 5.761.944.626 4.153.549.442 TOTAL NON-CURRENT LIABILITIES

TOTAL LIABILITAS 10.690.314.191 9.456.215.921 9.257.325.214 TOTAL LIABILITIES

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LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM (lanjutan)

Tanggal 30 September 2015 (Tidak Diaudit) (Disajikan dalam ribuan rupiah,

INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued) As of September 30, 2015 (Unaudited)

(Expressed in thousands of rupiah, unless otherwise stated)

Disajikan kembali (Catatan 2.ad)/

As restated (Note 2.ad)

1 Januari 2014/

31 Desember/ 31 Desember 2013/

Catatan/ 30 Sept 2015/ December 31, January 1, 2014/ Notes Sept 30, 2015 2014 December 31, 2013

EKUITAS EQUITY

Ekuitas yang Dapat

Diatribusikan kepada Equity Attributable to

Pemilik Entitas Induk Owners of the Parent Entity

Modal saham Capital stock

Modal dasar - 25.000.000.000

saham pada tanggal Authorized - 25,000,000,000 shares

30 September 2015 dan as of September 30, 2015 and

31 Desember 2014 dan 2013 December 31, 2014 and 2013

dengan nilai nominal Rp100 at par value of Rp100

(satuan penuh) per saham (full amount)per share

Modal ditempatkan dan

disetor penuh - 14.426.781.680 Issued and fully paid

saham pada tanggal 30 September - 14,426,781,680 shares

2015 dan 31 Desember 2014 as of September 30, 2015 and

dan 2013 1b,25 1.442.678.168 1.442.678.168 1.442.678.168 December 31, 2014 and 2013

Tambahan modal disetor 1b,2q,2z,26 22.996.315 22.996.315 22.996.315 Additional paid-in capital

Penghasilan komprehensif lain - Other comprehensive income

-Kerugian atas liabilitias Loss on employee benefits

imbalan kerja (36.788.943) (62.293.820) (40.921.849) liability

Selisih nilai transaksi dengan Differences from transactions

Kepentingan Nonpengendali 1e,2b,38b 1.511.533 1.511.269 1.984.397 with Non-controlling Interest

Saldo laba Retained earnings

Telah ditentukan penggunaannya -

cadangan umum 27 82.534.109 68.658.940 57.700.058 Appropriated - general reserve Belum ditentukan penggunaannya 4.454.865.955 3.949.989.746 2.907.686.327 Unappropriated

Ekuitas yang Dapat

Diatribusikan kepada Equity Attributable to

Pemilik Entitas Induk 5.967.797.137 5.423.540.618 4.392.123.416 Owners of the Parent Entity Kepentingan Nonpengendali 2b,24 1.348.026.330 992.915.338 605.551.737 Non-controlling Interests

TOTAL EKUITAS 7.315.823.467 6.416.455.956 4.997.675.153 TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS 18.006.137.658 15.872.671.877 14.255.000.367 TOTAL LIABILITIES AND EQUITY

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DAN BEBAN LANGSUNG (2.172.376.938) 2r,30 (1.911.093.261) DIRECT COSTS

LABA KOTOR 2.323.896.389 1.980.837.467 GROSS PROFIT

Beban penjualan (166.213.840) 2r,31 (153.962.405) Selling expenses

Beban umum dan administrasi (661.150.738) 2r,31 (511.426.305) General and administrative expenses

Beban pajak final (243.957.465) 2v,20d (219.662.881) Final tax expenses

Penghasilan operasi lain 9.359.192 38n 5.137.382 Other operating income

Beban operasi lain (2.042.342) (6.467.132) Other operating expenses

LABA USAHA 1.259.891.196 1.094.456.126 INCOME FROM OPERATIONS

Pendapatan keuangan 53.628.462 109.889.533 Finance income

Biaya keuangan (340.371.188) 32 (193.120.094) Finance costs

Rugi pada ekuitas entitas asosiasi - 2f,5 (887.217) Equity in net losses of associates

LABA SEBELUM PAJAK

PENGHASILAN 973.148.470 1.010.338.348 INCOME BEFORE INCOME TAX

BEBAN PAJAK INCOME TAX EXPENSE

PENGHASILAN- NETO (1.723.694) 2v,20d (2.111.368) - NET

LABA PERIODE/TAHUN

BERJALAN 971.424.776 1.008.226.980 PROFIT FOR THE PERIOD/YEAR

PENDAPATAN (RUGI) OTHER COMPREHENSIVE

KOMPREHENSIF LAIN INCOME (LOSS)

Item yang tidak akan direklasifikasi ke Items that will not be reclassified to

laba rugi periode berikutnya: profit or loss in subsequent periods

Keuntungan atas Gain on employee

liabilitas imbalan kerja 25.504.877 (16.028.978) benefits liability

TOTAL LABA

KOMPREHENSIF TOTAL COMPREHENSIVE

PERIODE/TAHUN BERJALAN 996.929.653 992.198.002 INCOME FOR THE PERIOD/YEAR

Laba tahun berjalan yang

Dapat Diatribusikan kepada: Profit for the year Attributableto:

Pemilik Entitas Induk 807.286.918 872.371.303 Owners of the Parent Entity

Kepentingan Nonpengendali 164.137.858 2b,24 135.855.677 Non-controlling Interests

Total 971.424.776 1.008.226.980 Total

Laba komprehensif tahun

berjalan neto yang Dapat Net comprehensive income

Diatribusikan kepada: for the year Attributable to:

Pemilik Entitas Induk 832.791.795 856.342.325 Owners of the Parent Entity

Kepentingan Nonpengendali 164.137.858 2b,24 135.855.677 Non-controlling Interests

Total 996.929.653 992.198.002 Total

LABA PER SAHAM DASAR EARNINGS PER SHARE

YANG DAPAT DIATRIBUSIKAN ATTRIBUTABLE TO OWNERS

KEPADA PEMILIK ENTITAS OF THE PARENT ENTITY

INDUK (satuan penuh) 55,96 2x,25,40 60,47 (full amount)

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The original consolidated financial statements included herein are in the Indonesian language.

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/ Equity Attributable to Owners of the Parent Entity

Modal Akumulasi rugi Selisih nilai Saldo laba/Retained earnings ditempatkan aktuarial atas transaksi dengan

dan disetor imbalan kerja/ entitas nonpengendali/ _{Telah ditentukan}

penuh/ Tambahan Accumulated Difference in value penggunaannya - Belum Kepentingan Issued and modal disetor - neto/ actuarial loss of transaction cadangan umum/ ditentukan Nonpengendali/

Catatan/ fully paid Additional paid- on employee with non-controlling Appropriated - penggunaannya/ Non-controlling Total Ekuitas/ Notes capital stock in-capital - net benefits liability interest reserve fund Unappropriated Neto/Net Interests Total Equity

Saldo tanggal 31 Desember 2012 721.339.084 744.335.399 (61.435.954 ) 1.984.397 49.779.199 2.136.480.480 3.592.482.605 286.729.055 3.879.211.660 Balance as of December 31, 2012

Pencadangan saldo laba

sebagai cadangan umum 27 - - - - 7.920.859 (7.920.859 ) - - - Appropriation for general reserve

Penambahan modal saham

dari saham bonus 25,26 721.339.084 (721.339.084 ) - - - Issuance of bonus shares

Dividen kas 28 - - - (310.175.806 ) (310.175.806 ) - (310.175.806 ) Cash dividend

Laba tahun berjalan - - - 1.089.302.512 1.089.302.512 277.587.283 1.366.889.795 Profitfor the year

Keuntungan aktuarial

yang belum diakui - - 20.514.105 - - - 20.514.105 - 20.514.105 Unrealized actuarial gain

Penbayaran kepada

Kepentingan Nonpengendali - - - - - (15.318.968 ) (15.318.968 ) Payment to Non-controlling Interest

Perubahan pada Kepentingan

Nonpengendali 24 - - - 56.554.367 56.554.367 Changes in Non-controlling Interests

Saldo tanggal 31 Desember 2013 1.442.678.168 22.996.315 (40.921.849 ) 1.984.397 57.700.058 2.907.686.327 4.392.123.416 605.551.737 4.997.675.153 Balance as of December 31, 2013

PT SUMMARECON AGUNG Tbk DAN ENTITAS ANAKNYA LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM

Untuk Periode Sembilan bulan yang Berakhir pada Tanggal 30 September 2015 (Tidak Diaudit),

(Disajikan dalam ribuan rupiah, kecuali dinyatakan lain)

PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY For the Nine-Month Period Ended September 30, 2015 (Unaudited),

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Uang muka penerbitan saham Deposits for future stock subscription

dari Kepentingan Nonpengendali 24 - - - 62.265.500 62.265.500 from Non-controlling Interest

Laba tahun berjalan - - - 1.385.078.279 1.385.078.279 232.401.277 1.617.479.556 Profit for the year

Kerugian aktuarial

yang belum diakui - - (21.371.971 ) - - - (21.371.971) - (21.371.971 ) Unrealized actuarial loss

Kepentingan Nonpengendali yang Non-controlling Interests arising

timbul dari akuisisi entitas anak 38f - - - 136.780.633 136.780.633 from acquisition of subsidiaries

Pembayaran kepada

Kepentingan Nonpengendali - - - (124.779.655 ) (124.779.655 ) Payment to Non-controlling Interests

Akuisisi Kepentingan Nonpengendali Acquisition of Non-controlling

pada entitas anak - - - (582.900 ) - - (582.900 ) (11.804.475 ) (12.387.375) Interests in subsidiares

Penjualan kepemilikan pada

entitas anak kepada Sale of ownership in subsidiaries to

Kepentingan Nonpengendali 38b,38c - - - 109.772 - - 109.772 92.500.321 92.610.093 Non-controlling Interests

Saldo tanggal 31 Desember 2014 1.442.678.168 22.996.315 (62.293.820 ) 1.511.269 68.658.940 3.949.989.746 5.423.540.618 992.915.338 6.416.455.956 Balance as of December 31, 2014

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The original consolidated financial statements included herein are in the Indonesian language.

PT SUMMARECON AGUNG Tbk DAN ENTITAS ANAKNYA LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM (lanjutan)

Untuk Periode Sembilan bulan yang Berakhir pada Tanggal 30 September 2015 (Tidak Diaudit),

(Disajikan dalam ribuan rupiah, kecuali dinyatakan lain)

PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued) For the Nine-Month Periods Ended September 30, 2015 (Unaudited),

(Expressed in thousands of rupiah, unless otherwise stated)

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/ Equity Attributable to Owners of the Parent Entity

Modal Akumulasi rugi Selisih nilai Saldo laba/Retained earnings ditempatkan aktuarial atas transaksi dengan

dan disetor imbalan kerja/ entitas nonpengendali/ Telah ditentukan

penuh/ Tambahan Accumulated Difference in value penggunaannya - Belum Kepentingan Issued and modal disetor - neto/ actuarial loss of transaction cadangan umum/ ditentukan Nonpengendali/

Catatan/ fully paid Additional paid- on employee with non-controlling Appropriated - penggunaannya/ Non-controlling Total Ekuitas/ Notes capital stock in-capital - net benefits liability interest reserve fund Unappropriated Neto/Net Interests Total Equity

Saldo tanggal 1 Januari 2014 1.442.678.168 22.996.315 (40.921.849) 1.984.397 57.700.058 2.907.686.327 4.392.123.416 605.551.737 4.997.675.153 Balance as of January 1, 2014

Uang muka penerbitan saham

dari Kepentingan

Nonpengendali 24 - - - 53.935.500 53.935.500 Deposit for future stock subscription

Laba periode berjalan - - - 872.371.303 872.371.303 135.855.677 1.008.226.980 Loss for the period

Kepentingan nonpengendali yang Non-controlling interests arising

timbul dari akuisisi entitas anak 38a - - - 136.764.933 136.764.933 from acquisition of subsidiary

Pembayaran kepada

Kepentingan Nonpengendali - - - (124.779.666 ) (124.779.666 ) Payment to Non-controlling Interests

Kerugian aktuarial

yang belum diakui - - (16.028.978 ) - - - (16.028.978 ) - (16.028.978 ) Unrealized actuarial loss

Penjualan kepemilikan pada

entitas anak kepada Sale of ownership in subsidiaries to

Kepentingan Nonpengendali 38b,38c - - - 109.772 - - 109.772 92.500.321 92.610.093 Non-controlling Interests

Saldo tanggal 30 September 2014 Balance as of September 30, 2014

(tidak diaudit) 1.442.678.168 22.996.315 (56.950.827 ) 2.094.169 68.658.940 3.437.282.770 4.916.759.535 899.828.502 5.816.588.037 (unaudited)

Saldo tanggal 1 Januari 2015 1.442.678.168 22.996.315 (62.293.820 ) 1.511.269 68.658.940 3.949.989.746 5.423.540.618 992.915.338 6.416.455.956 Balance as of January 1, 2015

Sebagai cadangan umum 27 - - - - 13.875.169 (13.875.169 ) - - - Appropriation for general reserve

Uang muka penerbitan saham

dari Kepentingan Deposit for future stock subscription

Nonpengendali 24 - - - 3.000.000 3.000.000 from Non-controlling Interests

Laba periode berjalan - - - 807.286.918 807.286.918 164.137.858 971.424.776 Profit for the period

Keuntungan akturial yang

belum diakui - - 25.504.877 - - - 25.504.877 - 25.504.877 Unrealized actuarial gain

Kepentingan nonpengendali yang Non-controlling interests arising

timbul dari akuisisi entitas anak 38a - - - 155.425.043 155.425.043 from acquisition of subsidiary

Penambahan modal saham oleh Capital stock increase paid by

Kepentingan Nonpengendali 24 - - - 29.370.000 29.370.000 Non-controlling Interest

Penjualan kepemilikan

Pada Entitas Anak kepada Sale of ownership to Noncontrolling

Kepentingan Nonpengendali 1d - - - 264 - - 264 3.136.635 3.136.899 Interest in subsidiaries

Perubahan pada Kepentingan

Nonpengendali - - - 41.456 41.456 Changes in Non-controlling Interest

Saldo tanggal 30 September 2015 1.442.678.168 22.996.315 (36.788.943 ) 1.511.533 82.534.109 4.454.865.955 5.967.797.137 1.348.026.330 7.315.823.467 Balance as of September 30, 2015

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AKTIVITAS OPERASI OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 3.138.321.265 2.871.232.899 Cash receipts from customers

Penerimaan dari pendapatan bunga 53.108.020 109.356.659 Receipts of Interest income

Pembayaran kas kepada: Cash payments to:

Pemasok dan beban Suppliers and for

operasi lainnya (3.367.119.111) (3.539.437.335) other operating expenses

Karyawan (446.535.703) (374.558.097) Employees

Pembayaran untuk: Payments of:

Beban bunga (354.942.047) (172.488.257) Interest expense

Pajak penghasilan (185.833.342) (178.089.134) Income taxes

Kas neto yang digunakan Net cash used for

untuk aktivitas operasi (1.163.000.918) (1.283.983.265) operating activities

ARUS KAS DARI CASH FLOWS FROM

AKTIVITAS INVESTASI INVESTING ACTIVITIES

Pelunasan piutang dari pihak- Collection of amounts due from

pihak berelasi non-usaha 49.043.581 33 62.478.178 related parties

Hasil penjualan aset tetap Proceeds from sale of fixed assets

dan properti investasi 2.910.622 12,13 1.122.290 and investment properties

Perolehan aset tetap Acquisitions of fixed assets and

dan properti investasi (377.518.541) 12,13 (609.612.828) investment properties

Akuisisi entitas anak, dikurangi Acquisition of subsidiaries,

dengan kas yang diperoleh less cash acquired from

dari entitas anak tersebut (48.224.527) (28.561.951) subsidiaries

Pembayaran uang muka

investasi - 11 (141.020.000) Payment of advance for investments

Kas neto yang digunakan Net cash used

untuk aktivitas investasi (373.788.865) (715.594.311) in investing activities

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LAPORAN ARUS KAS KONSOLIDASIAN INTERIM (lanjutan)

Untuk Periode Sembilan bulan yang Berakhir pada Tanggal 30 September 2015 (Tidak Diaudit)

(Disajikan dalam ribuan rupiah, kecuali dinyatakan lain)

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

For the Nine-Month Period Ended September 30, 2015 (Unaudited) (Expressed in thousands of rupiah,

30 Sept 2014/

Sept 30, 2014

30 Sept 2015/ Catatan/ (tidak diaudit/

Sept 30, 2015 Notes unaudited)

ARUS KAS DARI

AKTIVITAS PENDANAAN FINANCING ACTIVITIES

Penerimaan dari utang bank 1.572.661.921 994.077.678 Proceeds of bank loans

Penerimaan dari penerbitan obligasi Proceeds from bonds and

dan sukuk ijarah 297.751.350 - sukuk ijarah issuance

Setoran modal oleh kepentingan Capital contribution from

nonpengendali dari non-controlling interests in

entitas anak 35.547.959 53.935.500 subsidiaries

Penerimaan utang

pihak-pihak berelasi non-usaha 35.171.141 6.326.391 Receipt of due to related parties

Pencairan (penempatan)

deposito berjangka yang Drawdown of (placement for)

dibatasi penggunaannya 5.870.390 (17.548.608) restricted time deposits

Hasil penjualan kepemilikan

pada entitas anak Proceeds from sale of ownership in

kepada kepentingan subsidiaries to noncontrolling

nonpengendali 3.136.900 - interests

Pembayaran utang bank dan Repayment of bank loans and

lembaga pembiayaan (940.966.216) (207.819.680) financing institutions

Pembayaran dividen kas oleh Cash dividends

Perusahaan (288.064.519) 28 (331.298.056) paid by the Company

Penerimaan dari kepentingan

nonpengendali - 230.251.813 Proceeds from non-controlling interest

Perolehan dari penjualan

investasi - 92.610.000 Proceeds from sale of investments

Kas neto yang diperoleh Net cash provided by

dari aktivitas pendanaan 721.108.926 820.535.038 financing activities

PENURUNAN NET DECREASE IN

NETO KAS DAN SETARA KAS (815.680.857) (1.179.042.538) CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AWAL TAHUN 1.770.781.044 4 2.818.939.636 AT BEGINNING OF YEAR

PENGARUH PERUBAHAN SELISIH EXCHANGE RATE

KURS TERHADAP KAS DAN FLUCTUATIONS ON CASH

SETARA KAS 19.017.024 2.729.458 AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AKHIR TAHUN 974.117.211 4 1.642.626.556 AT END OF YEAR

Informasi tambahan atas transaksi nonkas disajikan pada Catatan 41.

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1. UMUM 1. GENERAL

a. Pendirian Perusahaan a. The Company’s Establishment

PT Summarecon Agung Tbk (“Perusahaan”) didirikan sesuai dengan Undang-undang Penanaman Modal Dalam Negeri berdasarkan akta notaris Ridwan Suselo, S.H., No. 308 tanggal 26 November 1975. Anggaran dasar Perusahaan telah diterima dan dicatat oleh Menteri Kehakiman dalam Surat Keputusan No. YA 5/344/6 tanggal 12 Juli 1977 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 79, Tambahan No. 597 tanggal 4 Oktober 1977. Anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan akta notaris Fathiah Helmi, S.H., No. 51 tanggal 24 Juli 2013, mengenai pembagian saham bonus, perubahan terakhir tersebut telah diterima dan dicatat oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia (MHHAM) dalam Surat Keputusan No. AHU-AH.01.10-32548. Tanggal 2 Agustus 2013.

PT Summarecon Agung Tbk (the “Company”) was established within the framework of the Domestic Capital Investment Law based on notarial deed No. 308 dated November 26, 1975 of Ridwan Suselo, S.H. The Company’s articles of association was approved by the Ministry of Justice in its Decision Letter No. YA 5/344/6 dated July 12, 1977 and was published in Supplement No. 597 of State Gazette No. 79 dated October 4, 1977 of the Republic of Indonesia. The articles of association has been amended from time to time, the latest amendment of which was notarized under deed No. 51 dated July 24, 2013 of Fathiah Helmi S.H., concerning the apportionment of bonus shares, which amendment was acknowledged and recorded by the Ministry of Law and Human Rights of the Republic of Indonesia (“MLHR”) in its Decision Letter No. AHU-AH.01.10-32548 dated August 2, 2013.

Sesuai dengan Pasal 3 anggaran dasar Perusahaan, ruang lingkup kegiatan Perusahaan bergerak dalam bidang pembangunan real estat beserta sarana penunjangnya serta menjalankan usaha dalam bidang jasa dan perdagangan. Saat ini, ruang lingkup bisnis perusahaan bergerak di bidang penjualan atau penyewaan real estat, pusat perbelanjaan, fasilitas perkantoran, beserta sarana penunjangnya.

According to Article 3 of the Company’s articles of association, its scope of activities comprises real estate development including the related supporting facilities, service and trading. Currently, the Company carries business in the sale or rental of real estate, shopping centers, and office facilities along with related facilities and infrastructures.

Kantor pusat Perusahaan berkedudukan di Jakarta Timur dan berkantor pusat di Plaza Summarecon, Jl. Perintis Kemerdekaan No. 42, Jakarta.

The Company is domiciled in East Jakarta, and its head office is located in Plaza Summarecon, Jl. Perintis Kemerdekaan No. 42, Jakarta.

Perusahaan mulai beroperasi secara komersial pada tahun 1976.

The Company started commercial operations in 1976.

PT Semarop Agung adalah entitas induk terakhir Perusahaan dan Entitas Anaknya (selanjutnya secara bersama-sama disebut sebagai “Grup”).

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PT SUMMARECON AGUNG Tbk DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN

KONSOLIDASIAN INTERIM Tanggal 30 September 2015 dan

31 Desember 2014 dan 2013,

serta Periode Sembilan Bulan yang Berakhir pada Tanggal-tanggal 30 September 2015 dan 2014 (Tidak Diaudit), dan Tahun yang

Berakhir pada Tanggal-tanggal 31 Desember 2014 dan 2013 (Disajikan dalam ribuan rupiah,

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

As of September 30, 2015 and December 31, 2014 and 2013, and for the Nine-Month Periods Ended September 30, 2015 and 2014 (Unaudited),

and the Years Ended December 31, 2014 and 2013 (Expressed in thousands of rupiah,

1. UMUM (lanjutan) 1. GENERAL (continued)

b. Penawaran Umum Saham Perusahaan b. The Company’s Public Offerings

Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (BAPEPAM-LK), melalui Surat No. SI-085/SHM/MK.10/1990 tanggal 1 Maret 1990, menyatakan bahwa sejak tanggal tersebut, telah efektif penawaran umum sejumlah 6.667.000 saham Perusahaan dengan nilai nominal Rp1.000 (satuan penuh) per saham kepada masyarakat, dengan harga penawaran sebesar Rp6.800 (satuan penuh) per saham. Perusahaan mencatatkan seluruh sahamnya pada Bursa Efek Jakarta pada tanggal 14 Agustus 1996.

The Chairman of the Capital Market and Financial Institutions Supervisory Agency (“BAPEPAM-LK”), through his letter No. SI-085/SHM/MK.10/1990 dated March 1, 1990, declared effective at that date, the offering of 6,667,000 Company’s shares with a par value of Rp1,000 (full amount) per share to the public at an offering price of Rp6,800 (full amount) per share. The Company listed all its issued shares on the Jakarta Stock Exchange on August 14, 1996.

Berdasarkan berita acara Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang diaktakan dengan akta notaris Sutjipto, S.H., No. 191 tanggal 21 Juni 1996, para pemegang saham menyetujui perubahan nilai nominal saham Perusahaan dari Rp1.000 (satuan penuh) menjadi Rp500 (satuan penuh) per saham. Perubahan tersebut telah diterima dan dicatat oleh Menteri Kehakiman dalam Surat Keputusan No. C2.9225.HT.01.04.TH.96 tanggal 27 September 1996.

Based on the minutes of the stockholders’ extraordinary general meeting (“EGM”) which were notarized under deed No. 191 dated June 21, 1996 of Sutjipto, S.H., the stockholders approved the reduction in the par value of the Company’s shares from Rp1,000 (full amount) to Rp500 (full amount) per share. The amendment was acknowledged and recorded by the Ministry of Justice in its Decision Letter No. C2.9225.HT.01.04.TH.96 dated September 27, 1996.

Berdasarkan berita acara RUPSLB yang diaktakan dengan akta notaris Sutjipto, S.H., No. 99 tanggal 21 Juni 2002, para pemegang saham menyetujui perubahan nilai nominal saham Perusahaan dari Rp500 (satuan penuh) menjadi Rp100 (satuan penuh) per saham. Perubahan tersebut telah diterima dan dicatat oleh MHHAM dalam Surat Keputusan No. C-12844 HT.01.04.TH.2002 tanggal 12 Juli 2002.

Based on the minutes of the EGM which were notarized under deed No. 99 dated June 21, 2002 of Sutjipto, S.H., the stockholders approved the reduction in the par value of the Company’s shares from Rp500 (full amount) to

Rp100 (full amount) per share. The

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b. Penawaran Umum Saham Perusahaan (lanjutan)

b. The Company’s Public Offerings (continued)

Pada tahun 2005, Perusahaan menerbitkan 93.676.000 saham tambahan dengan nilai nominal Rp100 (satuan penuh) per saham yang telah ditempatkan dan disetor penuh oleh Valence Aset Limited, British Virgin Islands, dengan harga penawaran sebesar Rp775 (satuan penuh) per saham. Perusahaan mencatatkan seluruh tambahan saham yang diterbitkan tersebut pada Bursa Efek Jakarta pada tanggal 17 November 2005. Peningkatan modal ditempatkan dan disetor penuh ini telah memenuhi Peraturan BAPEPAM-LK No. IX.D.4., Lampiran Keputusan Ketua BAPEPAM-LK No. Kep-44/PM/1998 tanggal 14 Agustus 1998 tentang tambahan penerbitan saham tanpa Hak Memesan Efek Terlebih Dahulu (“HMETD”).

In 2005, the Company issued additional 93,676,000 shares with a par value of Rp100 (full amount) per share which were issued for and fully paid by Valence Asset Limited, British Virgin Islands, at an offering price of Rp775 (full amount) per share. The Company listed all the additional shares issued on the Jakarta Stock Exchange on November 17, 2005. This increase in the issued and fully paid capital

stock was made under BAPEPAM-LK

Regulation No. IX.D.4., Attachment to the Chairman of BAPEPAM-LK Decision No. Kep-44/PM/1998 dated August 14, 1998 regarding additional shares issuance without pre-emptive rights.

Pada tahun 2006, Perusahaan membagikan 786.881.920 lembar saham bonus dengan nilai nominal sebesar Rp100 (satuan penuh) per saham.

In 2006, the Company distributed 786,881,920 bonus shares with a par value of Rp100 (full amount) per share.

Pada tanggal 7 Juli 2007, Pernyataan Pendaftaran Perusahaan dalam rangka Penawaran Umum Terbatas atas Saham kepada Pemegang Saham dalam rangka Penerbitan HMETD sejumlah 459.014.453 saham baru yang disertai dengan penerbitan Waran Seri I dengan jumlah sebanyak-banyaknya 229.507.226 waran dinyatakan efektif. Perusahaan mencatatkan seluruh saham baru tersebut di Bursa Efek Indonesia.

On July 7, 2007, the Company’s Registration Statement to offer its First Limited Public Offering of Rights to the Stockholders with the Issuance of Pre-emptive Rights, totaling 459,014,453 new shares and a maximum of 229,507,226 Series I Warrants was declared effective. The Company listed all such new shares on the Indonesia Stock Exchange.

Pada bulan Juni 2008, Perusahaan membagikan 3.217.893.796 lembar saham bonus dengan nilai nominal sebesar Rp100 (satuan penuh) per saham.

In June 2008, the Company distributed 3,217,893,796 bonus shares with a par value of Rp100 (full amount) per share.

Pada bulan Juni 2010 dan Desember 2009, 436.340.202 dan 1.013.046 Waran Seri I dilaksanakan.

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31 Desember 2014 dan 2013,

b. Penawaran Umum Saham Perusahaan (lanjutan)

b. The Company’s Public Offerings (continued)

Pada tahun 2012, Perusahaan menerbitkan 340.250.000 saham baru dengan nilai nominal Rp100 (satuan penuh) per saham melalui penerbitan modal tanpa HMETD tahap I, dengan harga pelaksanaan minimum sebesar Rp1.550 (satuan penuh) per saham, sehingga meningkatkan modal ditempatkan dan disetor penuh Perusahaan dari 6.873.140.840 lembar saham menjadi 7.213.390.840 lembar saham.

In 2012, the Company issued 340,250,000 new shares with a nominal value of Rp100 (full amount) per share through the issuance of capital stock without pre-emptive rights phase I with minimum exercise price of Rp1,550 (full amount) per share, increasing the Company's issued and fully paid capital stock from

6,873,140,840 shares to 7,213,390,840

shares.

Berdasarkan berita acara RUPSLB tanggal 5 Juni 2013 yang diaktakan dengan akta notaris Fathiah Helmi, S.H., No. 21, para pemegang saham menyetujui pembagian saham bonus melalui kapitalisasi tambahan modal disetor sebesar Rp721.339.084, dengan ketentuan untuk setiap saham yang ada akan mendapatkan 1 saham bonus. Dengan demikian, modal saham yang ditempatkan dan disetor penuh akan meningkat dari Rp721.339.084 menjadi Rp1.442.678.168. Pembagian saham bonus ini telah dilaksanakan pada tanggal 15 Juli 2013.

Based on the minutes of the EGM held on June 5, 2013 which were covered by notarial deed No. 21 of Fathiah Helmi, S.H., the stockholders approved the distribution of bonus shares through the capitalization of additional paid-in capital amounting to Rp721,339,084 whereby each outstanding share received 1 bonus share. As a result, the issued and fully

paid capital stock increased from

Rp721,339,084 to become Rp1,442,678,168. The distribution of the bonus shares was conducted on July 15, 2013.

c. Dewan Komisaris, Direksi, Komite Audit dan Karyawan

c. Board of Commissioners, Directors, Audit Committee and Employees

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 30 September 2015 adalah sebagai berikut:

The composition of the Company's Boards of

Commissioners and Directors as of

September 30, 2015 was as follows:

Dewan Komisaris/Board of Commissioners Direksi/Board of Directors

Komisaris Utama/ Direktur Utama/

President Commissioner : Soetjipto Nagaria President Director : Adrianto Pitoyo Adhi

Komisaris/Commissioner : Harto Djojo Nagaria Direktur/Director : Lexy Arie Tumiwa

Komisaris Independen/ Direktur/Director : Liliawati Rahardjo

Independent Commissioner : H. Edi Darnadi Direktur tidak Terafiliasi/

Komisaris Independen/ Unaffiliated Director : Ge Lilies Yamin

Independent Commissioner : Esther Melyani Homan Direktur/Director : Soegianto Nagaria

Direktur/Director : Herman Nagaria

Direktur/Director : Yong King Ching

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c. Dewan Komisaris, Direksi, Komite Audit dan Karyawan (lanjutan)

c. Board of Commissioners, Directors, Audit Committee and Employees (continued)

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2014 adalah sebagai berikut:

The composition of the Company's Boards of

Commissioners and Directors as of

December 31, 2014 was as follows:

Dewan Komisaris/Board of Commissioners Direksi/Board of Directors

Komisaris Utama/ Direktur Utama/

President Commissioner : Soetjipto Nagaria President Director : Johanes Mardjuki

Komisaris/Commissioner : Harto Djojo Nagaria Direktur/Director : Lexy Arie Tumiwa

Komisaris Independen/ Direktur/Director : Liliawati Rahardjo

Independent Commissioner : H. Edi Darnadi Direktur tidak Terafiliasi/

Komisaris Independen/ Unaffiliated Director : Ge Lilies Yamin

Independent Commissioner : Esther Melyani Homan Direktur/Director : Soegianto Nagaria

Direktur/Director : Herman Nagaria

Direktur/Director : Yong King Ching

Direktur/Director : Adrianto Pitoyo Adhi

Direktur/Director : Sharif Benyamin

Susunan Komite Audit Perusahaan pada tanggal 30 September 2015 dan 31 Desember 2014 adalah sebagai berikut:

The composition of the Company’s Audit Committee as of September 30, 2015 and December 31, 2014 was as follows:

Ketua H. Edi Darnadi Chairman

Anggota Poespita Pelangiwati Member

Anggota Neneng Martini Member

Total beban kompensasi bruto bagi manajemen kunci Grup adalah sebagai berikut:

The amounts of gross compensation for the key management of the Company were as follows:

Untuk Periode Sembilan Bulan yang

Berakhir pada Tanggal 30 September/

For the Nine-Month Periods

Ended September 30,

2014

(Tidak Diaudit/

2015 Unaudited)

Dewan Komisaris: Commissioners:

Imbalan kerja jangka pendek 15.895.687 14.388.244 Short-term employee benefits

Imbalan pasca kerja 3.205.261 2.896.508 Post-employment benefits

Sub-total 19.100.948 17.284.752 Sub-total

Direksi: Directors:

Imbalan kerja jangka pendek 39.825.889 35.164.031 Short-term employee benefits

Imbalan pasca kerja 3.811.905 3.350.842 Post-employment benefits

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31 Desember 2014 dan 2013,

c. Dewan Komisaris, Direksi, Komite Audit dan Karyawan (lanjutan)

c. Board of Commissioners, Directors, Audit Committee and Employees (continued)

Grup memiliki 2.329 dan 2.107 karyawan tetap (tidak diaudit), masing-masing pada tanggal 30 September 2015 dan 31 Desember 2014.

The Group had 2,329 and 2,107 permanent

employees (unaudited) as of

September 30, 2015 and December 31, 2014, respectively.

d. Struktur Entitas Anak d. Structure of the Company’s Subsidiaries

Perusahaan mempunyai kepemilikan langsung maupun tidak langsung pada Entitas anak berikut:

The Company has direct and indirect ownership in the following Subsidiaries:

Tahun Awal Persentase Kepemilikan (%)/

Operasi Percentage of Ownership (%)

Kegiatan Komersial/

Usaha/ Start of 31 Desember/December 31,

Entitas anak / Domisili/ Principal Commercial 30 Sept 2015/

Subsidiaries Domicile Activity Operations Sept 30, 2015 2014 2013

Entitas Anak Langsung/ Direct Subsidiaries

PT Bahagia Makmursejati

(BHMS) Jakarta a 2003 99,99 99,99 99,99

PT Serpong Cipta Kreasi

(SPCK) Tangerang a 2004 100,00 100,00 100,00

PT Anugerah Damai Abadi

(AGDA) Tangerang b 2007 100,00 100,00 100,00

PT Gading Orchard

(GDOR) Jakarta a 2008 100,00 100,00 100,00

PT Summarecon Property

Development (SMPD) Jakarta a 2012 100,00 100,00 100,00

PT Summarecon Investment

Property (SMIP) Jakarta c 2012 100,00 100,00 100,00

PT Multi Abadi Prima (MTAP) Jakarta d 2013 100,00 100,00 100,00

PT Bhakti Karya Sejahtera

(BTKS) Jakarta e 2013 100,00 100,00 100,00

PT Citra Damai Agung

(CTDA) Jakarta a 2014 100,00 100,00 100,00

PT Java Investama Properti (JVIP)

(Catatan 1e/Note 1e) Jakarta c - 100,00 - -

PT Unota Persadajaya (UNPS) (Catatan 1e/

Note 1e) Jakarta a - 45,00 100,00 100,00

Entitas Anak Tidak Langsung melalui SMPD/ Indirect Subsidiaries through SMPD

PT Eskage Tatanan Kota

(ETTK) Jakarta f 2009 100,00 100,00 100,00

PT Bekasi Tatanan Kota

(BTTK) Bekasi f 2012 100,00 100,00 100,00

PT Maju Lestari Properti

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d. Struktur Entitas Anak (lanjutan) d. Structure of the Company’s Subsidiaries

(continued)

Perusahaan mempunyai kepemilikan langsung maupun tidak langsung pada Entitas anak berikut: (lanjutan)

The Company has direct and indirect ownership in the following Subsidiaries: (continued)

Entitas Anak Tidak Langsung melalui SMPD (lanjutan)/ Indirect Subsidiaries through SMPD (continued)

PT Banyumas Eka

Mandiri (BYEM) Jakarta a - 100,00 100,00 100,00

PT Aruna Cahaya

Abadi (ARCA) Jakarta a - 100,00 100,00 100,00-

PT Selaras Maju

Mandiri (SLMM) Jakarta a - 100,00 100,00 100,00-

PT Mahkota Permata

Perdana (MKPP) Bandung a - 100,00 100,00 100,00

PT Orient City (ORCT) Jakarta a - 100,00 100,00 100,00

PT Bumi Perintis Asri

(BMPA) Tangerang a - 100,00 100,00 100,00

PT Duta Sumara Abadi

(DTSA) Jakarta a - 51,00 51,00 51,00

PT Sinar Mahakam Indah

(SNMI) Samarinda a - 67,00 67,00 67,00

PT Sinar Semesta Indah

(SNSI) Tangerang a - 100,00 100,00 100,00

PT Wahyu Kurnia

Sejahtera (WYKS) Jakarta a - 100,00 100,00 100,00

PT Kahuripan Jaya

Mandiri (KHJM) Jakarta a - 51,00 51,00 100,00

PT Gunung Suwarna

Abadi (GNSA) Jakarta a - 51,00 51,00 100,00

PT Taruna Maju Berkarya

(TRMB) Jakarta a - 100,00 100,00 100,00

PT Gunung Srimala

Permai (GNSP) Jakarta a - 51,00 51,00 100,00

PT Sunda Besar Properti

(SDBP) Bandung a - 100,00 100,00 100,00

PT Maju Singa

Parahyangan (MJSP) Bandung a - 100,00 100,00 100,00

PT Surya Mentari

Diptamas (SYMD) Jakarta a - 51,00 51,00 -

PT Surya Menata

Elokjaya (SYME) Jakarta a - 100,00 100,00 -

PT Kencana Jayaproperti

Agung (KCJA) (*) Jakarta a - 51,00 51,00 -

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31 Desember 2014 dan 2013,

(continued)

Entitas Anak Tidak Langsung melalui SMPD (lanjutan)/ Indirect Subsidiaries through SMPD (continued)

PT Sukmabumi Mahakam

Jaya (SBMJ) Jakarta a - 100,00 - -

Entitas Anak Tidak Langsung melalui SMIP/ Indirect Subsidiaries through SMIP

PT Lestari Mahadibya

(LTMD) Tangerang c 2006 100,00 100,00 100,00

PT Summerville Property

Management (SVPM) Jakarta h 2007 100,00 100,00 100,00

PT Summarecon

Hotelindo (SMHO) Jakarta g 2010 100,00 100,00 100,00

PT Makmur Orient Jaya

(MKOJ) Bekasi c 2013 100,00 100,00 100,00

PT Kharisma Intan

Properti (KRIP) Tangerang h 2013 100,00 100,00 100,00

PT Summarecon Bali Indah

(SMBI) Jakarta g - 100,00 100,00 100,00

PT Permata Jimbaran

Agung (PMJA) Bali g - 58,65 58,65 58,65

PT Seruni Persada

Indah (SRPI) Jakarta c - 100,00 100,00 -

PT Bali Indah

Development (BLID) Bali g - 100,00 100,00 92,50

PT Bali Indah Property

(BLIP) Bali g - 100,00 100,00 100,00

PT Bukit Jimbaran Indah

(BKJI) Bali a - 100,00 100,00 100,00

PT Bukit Permai Properti

(BKPP) Bali a - 100,00 100,00 100,00

PT Hotelindo Permata

Jimbaran (HOPJ) Bali g - 58,65 58,65 58,65

PT Dunia Makmur

Properti (DNMP) Jakarta c - 100,00 100,00 100,00

PT Nirwana Jaya

Semesta (NWJS) Jakarta g - 100,00 100,00 100,00

PT Sadhana Bumi

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(continued)

Entitas anak/ Domisili/ Principal Commercial 30 Sept 2015/

Entitas Anak Tidak Langsung melalui SMIP (lanjutan)/ Indirect Subsidiaries through SMIP (continued)

PT Sumber Pembangunan

Cemerlang (SBPC) Jakarta a - 100,00 100,00 -

PT Java Investama Properti (JVIP)

(Catatan 1e/Note 1e) Jakarta c - - 100,00 -

PT Java Orient Properti (JVOP)

(Catatan 1e/Note 1e) Yogyakarta g - 100,00 100,00 -

PT Unota Persada Jaya (UNPS)

(Catatan 1e/Note 1e) Jakarta h - 55,00 - -

PT Mahakarya Buana Damai

(MKBD) Jakarta c - 100,00 - -

PT Pradana Jaya Berniaga

(PDJB) Bali g - 100,00 - -

Entitas Anak Tidak Langsung melalui SPCK/ Indirect Subsidiaries through SPCK

PT Serpong Tatanan

Kota (STTK) Tangerang f 2010 100,00 100,00 100,00

PT Bhakti Karya Vita

(BTKV) Tangerang i 2011 60,00 60,00 60,00

PT Jaya Bangun Abadi

(JYBA) Tangerang a - 100,00 100,00 100,00

PT Permata Cahaya

Cemerlang (PMCC) Tangerang a - 100,00 100,00 100,00

PT Surya Intan Properti

(SYIP) Tangerang a - 100,00 100,00 100,00

PT Mahkota Berlian Indah

(MKBI) Tangerang a - 100,00 100,00 100,00

PT Mahkota Permata Indah

(MKPI) Tangerang a - 100,00 100,00 100,00

Keterangan kegiatan usaha entitas anak pada tanggal 30 September 2015:/Notes on the principal activities of subsidiaries as of September 30, 2015: a Pengembangan properti/ Property development

b Retail, makanan dan minuman/ Retail, food and beverages c Properti investasi/ Investment property