PT DIAN SWASTATIKA SENTOSA Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES DAFTAR ISI/TABLE OF CONTENTS

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Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian PT Dian Swastatika Sentosa Tbk dan Entitas Anak pada tanggal 31 Desember 2014 dan 2013 dan 1 Januari 2013/31 Desember 2012 serta untuk Tahun-tahun yang Berakhir 31 Desember 2014 dan 2013/

The Directors’ Statement on the Responsibility for the Consolidated Financial Statements of PT Dian Swastatika Sentosa Tbk and Its Subsidiaries as of December 31, 2014 and 2013 and January 1, 2013/December 31, 2012 and for the Years Ended December 31, 2014 and 2013 LAPORAN KEUANGAN KONSOLIDASIAN - Pada Tanggal 31 Desember 2014 dan 2013

dan 1 Januari 2013/31 Desember 2012 serta untuk Tahun-tahun yang Berakhir 31 Desember 2014 dan 2013/

CONSOLIDATED FINANCIAL STATEMENTS - As of December 31, 2014 and 2013 and January 1, 2013/December 31, 2012 and for the Years Ended December 31, 2014 and 2013

Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position 1 Laporan Laba Rugi Komprehensif Konsolidasian/Consolidated Statements of

Comprehensive Income 3

Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity 4

Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows 5 Catatan atas Laporan Keuangan Konsolidasian/Notes to Consolidated Financial Statements 6

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ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2,4,31,32 117.499.523 181.561.906 251.306.503 Cash and cash equivalents

Investasi jangka pendek 2,5,10,11,31,32 - 12.495.855 82.327.392 Short-term investments

Piutang usaha 2,6,15,19,32 Trade accounts receivable

Pihak berelasi - setelah dikurangi

cadangan kerugian penurunan nilai Related parties - net of allowance for

sebesar nihil, US$ 46.185 dan impairment of nil, US$ 46,185 and

US$ 41.197 masing-masing pada tanggal US$ 41,197 as of December 31, 2014

31 Desember 2014 dan 2013 dan and 2013 and January 1, 2013/

1 Januari 2013/31 Desember 2012 31 22.952.132 94.986.556 101.963.136 December 31, 2012, respectively

Pihak ketiga - setelah dikurangi cadangan

kerugian penurunan nilai sebesar Third parties - net of allowance for

US$ 384.033, US$ 391.134 dan impairment of US$ 384,033, US$ 391,134

US$ 422.401 masing-masing pada tanggal and US$ 422,401 as of December 31, 2014

31 Desember 2014 dan 2013 dan and 2013 and January 1, 2013/

1 Januari 2013/31 Desember 2012 56.227.509 30.144.870 36.522.342 December 31, 2012, respectively

Piutang lain-lain 2,7,32 Other receivables

Pihak berelasi 31 344.942 535.977 479.132 Related parties

Pihak ketiga 8.658.281 5.219.741 26.004.186 Third parties

Persediaan - setelah dikurangi cadangan

kerugian penurunan nilai sebesar Inventories - net of allowance for decline

nihil, US$ 28.898 dan US$ 134.981 in value of nil, US$ 28,898 and US$ 134,981

masing-masing pada tanggal as of December 31, 2014 and 2013

31 Desember 2014 dan 2013 dan and January 1, 2013/December 31, 2012,

1 Januari 2013/31 Desember 2012 2,8,15,19,31,40 29.430.550 56.426.342 54.339.811 respectively

Uang muka 9,33 28.331.104 18.809.758 23.535.643 Advances

Pajak dibayar dimuka 2 13.298.016 7.748.539 4.892.320 Prepaid taxes

Biaya dibayar dimuka dan aset lancar lainnya 2,31 5.506.402 3.194.199 2.196.374 Prepaid expenses and other current assets

Jumlah Aset Lancar 282.248.459 411.123.743 583.566.839 Total Current Assets

ASET TIDAK LANCAR NONCURRENT ASSETS

Piutang lain-lain jangka panjang - pihak ketiga 2,5,10,32,33 348.718 54.517.310 3.599.520 Long-term other receivables - third parties

Biaya dibayar dimuka jangka panjang 2 15.005.628 15.585.648 4.136.381 Long-term prepaid expenses

Taksiran tagihan pajak 2,29 8.747.993 11.558.793 11.759.749 Estimated claims for tax refund

Investasi jangka panjang 2,11,31,32 278.017.523 185.369.525 151.303.297 Long-term investments

Goodwill 2 761.901 777.590 980.102 Goodwill

Aset pajak tangguhan 2,29,40 16.257.403 11.978.707 10.045.124 Deferred tax assets

Properti investasi - setelah dikurangi akumulasi Investment properties - net of accumulated

penyusutan sebesar US$ 317.854, depreciation of US$ 317,854,

US$ 269.550 dan US$ 221.246 US$ 269,550 and US$ 221,246

masing-masing pada tanggal as of December 31, 2014 and 2013 and

31 Desember 2014 dan 2013 dan January 1, 2013/December 31, 2012,

1 Januari 2013/31 Desember 2012 2 4.403.574 4.451.878 4.500.182 respectively

Aset tetap - setelah dikurangi akumulasi Property, plant and equipment - net of accumulated

penyusutan sebesar US$ 288.060.044, depreciation of US$ 288,060,044,

US$ 262.353.582 dan US$ 239.535.776 US$ 262,353,582 and US$ 239,535,776

1 Januari 2013/31 Desember 2012 2,12,15,19,26,27,31 554.884.477 344.353.748 278.666.358 respectively

Aset pertambangan - setelah dikurangi Mine properties - net of accumulated

akumulasi amortisasi sebesar US$ 38.432.911, amortization of US$ 38,432,911,

US$ 23.436.890 dan US$ 14.935.572 US$ 23,436,890 and US$ 14,935,572

1 Januari 2013/31 Desember 2012 2,13,26,40 96.020.560 89.725.867 93.777.273 respectively

Aset tidak lancar lain-lain 2,14,26,27,31,32,33 45.802.007 69.130.672 65.687.871 Other noncurrent assets

Jumlah Aset Tidak Lancar 1.020.249.784 787.449.738 624.455.857 Total Noncurrent Assets

JUMLAH ASET 1.302.498.243 1.198.573.481 1.208.022.696 TOTAL ASSETS

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements

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LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank jangka pendek 2,6,8,12,15,32 17.362.493 12.050.782 15.000.000 Short-term bank loans

Utang usaha 2,16,32,37 Trade accounts payable

Pihak berelasi 31 10.511.874 2.530.916 3.908.403 Related parties

Pihak ketiga 66.511.758 83.996.585 78.826.420 Third parties

Utang lain-lain 2,17,32 Other accounts payable

Pihak berelasi 31 196.925 29.903 349.872 Related parties

Pihak ketiga 37 33.028.575 48.301.135 13.357.148 Third parties

Uang muka pelanggan 31 1.347.086 2.885.820 10.530.842 Advances from customers

Utang pajak 2,18,29 3.188.025 2.294.600 4.885.394 Taxes payable

Beban akrual 2,31,32 11.140.285 8.798.709 8.817.713 Accrued expenses

Liabilitas jangka panjang yang akan

jatuh tempo dalam waktu satu tahun: 2,12,32 Current portion of long-term liabilities:

Utang bank jangka panjang 6,8,19,31 4.306.903 37.924.074 34.800.949 Long-term bank loans

Utang jangka panjang lainnya 37 813.755 133.755 131.083 Other long-term payables

Sewa pembiayaan - 306.139 1.165.317 Lease liabilities

Jumlah Liabilitas Jangka Pendek 148.407.679 199.252.418 171.773.141 Total Current Liabilities

LIABILITAS JANGKA PANJANG NONCURRENT LIABILITIES

Liabilitas pajak tangguhan 2,29 22.055.979 20.243.458 21.002.454 Deferred tax liabilities

Uang muka pelanggan 33 4.919.417 4.112.000 2.306.180 Advances from customers

Liabilitas imbalan kerja jangka panjang 2,27,28,32 7.433.844 6.391.447 7.233.922 Long-term employee benefits liabilities

Liabilitas jangka panjang - setelah dikurangi bagian yang akan jatuh tempo dalam

waktu satu tahun: 2,12,32 Long-term liabilities - net of current portion:

Utang bank jangka panjang 6,8,19,31 240.989.531 104.379.357 97.344.396 Long-term bank loans

Utang jangka panjang lainnya 37 39.249.968 375.048 393.249 Other long-term payables

Sewa pembiayaan - - 306.139 Lease liabilities

Liabilitas jangka panjang lainnya 2,32,37 1.142.228 941.658 840.285 Other noncurrent liabilities

Jumlah Liabilitas Jangka Panjang 315.790.967 136.442.968 129.426.625 Total Noncurrent Liabilities

JUMLAH LIABILITAS 464.198.646 335.695.386 301.199.766 TOTAL LIABILITIES

EKUITAS EQUITY

Ekuitas yang Dapat Diatribusikan kepada Equity Attributable to Owners

Pemilik Entitas Induk of the Company

Modal saham - nilai nominal Rp 250 per saham Capital stock - Rp 250 par value per share

Modal dasar - 2.400.000.000 saham Authorized - 2,400,000,000 shares

Modal ditempatkan dan disetor -

770.552.320 saham 21 72.498.628 72.498.628 72.498.628 Issued and paid-up - 770,552,320 shares

Tambahan modal disetor - bersih 2,22 10.371.267 10.371.267 10.371.267 Additional paid-in capital - net

Selisih dari transaksi dengan kepentingan Difference in value arising from transactions

nonpengendali 1c,40 431.071.739 431.075.818 431.075.818 with non-controlling interests

Keuntungan yang belum direalisasi

atas kenaikan nilai investasi Unrealized gain on increase in fair value

tersedia untuk dijual 2,11 6.209.443 32.685.991 3.425.798 of available for sale investments

Selisih kurs penjabaran Foreign exchange differences arising from

laporan keuangan 2,40 (66.317.211) (60.539.077) (16.704.079) financial statements translation

Saldo laba Retained earnings

Telah ditentukan penggunaannya 23 400.000 400.000 300.000 Appropriated

Belum ditentukan penggunaannya 40 299.649.561 293.471.935 305.495.944 Unappropriated

753.883.427 779.964.562 806.463.376

Kepentingan Nonpengendali 2,24,40 84.416.170 82.913.533 100.359.554 Non-controlling Interests

JUMLAH EKUITAS 838.299.597 862.878.095 906.822.930 TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS 1.302.498.243 1.198.573.481 1.208.022.696 TOTAL LIABILITIES AND EQUITY

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PENDAPATAN USAHA 599.631.085 2,25,31 606.817.886 REVENUES

BEBAN POKOK PENJUALAN 428.928.515 2,12,14,26,31,40 500.618.830 COST OF REVENUES

LABA KOTOR 170.702.570 106.199.056 GROSS PROFIT

BEBAN USAHA 2,27 OPERATING EXPENSES

Beban penjualan 107.781.453 12,14,31 38.843.702 Selling expenses

Beban umum dan administrasi 54.630.717 12,14,28,31,33 58.124.533 General and administrative expenses

Beban eksplorasi 70.798 317.505 Exploration costs

Jumlah Beban Usaha 162.482.968 97.285.740 Total Operating Expenses

LABA USAHA 8.219.602 8.913.316 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN 2 OTHER INCOME (EXPENSES)

Pendapatan bunga 11.999.319 13.453.601 Interest income

Keuntungan (kerugian) selisih kurs

mata uang asing - bersih 1.216.472 (15.306.808) Gain (loss) on foreign exchange - net

Kerugian atas penurunan nilai wajar

aset keuangan yang diukur melalui Loss on decline in fair value of financial asset

laporan laba rugi - 5 (590.089) at fair value through profit and loss

Ekuitas pada rugi bersih ventura bersama dan Share in net loss of joint venture and

asosiasi (1.984.560) 11 - an associate

Beban bunga dan keuangan lainnya (10.356.576) (7.746.725) Interest expense and other financial charges

Lain-lain - bersih 2.485.205 33 732.659 Others - net

Penghasilan (Beban) Lain-lain - bersih 3.359.860 (9.457.362) Other Income (Expenses) - net

LABA (RUGI) SEBELUM PAJAK 11.579.462 (544.046) INCOME (LOSS) BEFORE TAX

BEBAN (PENGHASILAN) PAJAK 2,29 TAX EXPENSE (BENEFIT)

Kini 5.502.769 7.982.171 Current

Tangguhan (2.794.188) 40 (3.937.128) Deferred

Beban Pajak - Bersih 2.708.581 4.045.043 Tax Expense - Net

LABA (RUGI) BERSIH TAHUN BERJALAN 8.870.881 (4.589.089) NET INCOME (LOSS) FOR THE YEAR

LABA (RUGI) KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME (LOSS)

Selisih kurs penjabaran Foreign exchange differences arising from

laporan keuangan (7.148.887) 2 (62.366.650) financial statements translation

Keuntungan (kerugian) yang belum direalisasi

atas kenaikan (penurunan) nilai investasi Unrealized gain (loss) on increase (decline)

tersedia untuk dijual (26.476.548) 2,11 29.260.193 in fair value of available for sale investments

JUMLAH RUGI KOMPREHENSIF TOTAL COMPREHENSIVE LOSS

TAHUN BERJALAN (24.754.554) (37.695.546) FOR THE YEAR

Laba (rugi) bersih yang dapat diatribusikan

kepada: Net income (loss) attributable to:

Pemilik entitas induk 6.177.626 (11.924.009) Owners of the Company

Kepentingan nonpengendali 2.693.255 2 7.334.920 Non-controlling interests

8.870.881 (4.589.089)

Laba (rugi) komprehensif yang dapat

diatribusikan kepada: Comprehensive income (loss) attributable to:

Pemilik entitas induk (26.077.056) (26.498.814) Owners of the Company

Kepentingan nonpengendali 1.322.502 2,24 (11.196.732) Non-controlling interests

(24.754.554)

(37.695.546)

LABA (RUGI) BERSIH PER SAHAM DASAR BASIC EARNINGS (LOSS) PER SHARE

DIATRIBUSIKAN KEPADA PEMILIK ATTRIBUTABLE TO OWNERS OF

ENTITAS INDUK 0,008 2,30 (0,015) THE COMPANY

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements

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Disetor- Bersih/ from (Loss) on Increase Differences arising Kepentingan Additional Transactions with (Decline) in Fair Value from Telah Ditentukan Belum Ditentukan Nonpengendali/

Catatan/ Modal Saham/ Paid-in Non-controlling of Available Financial Statements Penggunaannya/ Penggunaannya/ Jumlah/ Non-controlling Jumlah Ekuitas/

Notes Capital Stock Capital - Net Interests For Sale Investments Translation Appropriated Unappropriated Total Interests Total Equity

Saldo pada tanggal 1 Januari 2013 Balance as of January 1, 2013

sebelum penyajian kembali 72.498.628 10.371.267 430.393.987 3.425.798 (15.365.344) 300.000 310.302.449 811.926.785 103.084.735 915.011.520 before restatement

Dampak penerapan ISAK No. 29 2,40 - - 681.831 - (1.338.735) - (4.806.505) (5.463.409) (2.725.181) (8.188.590) Effect of adoption of ISAK No. 29

Saldo pada tanggal 1 Januari 2013

disajikan kembali (Catatan 40) 72.498.628 10.371.267 431.075.818 3.425.798 (16.704.079) 300.000 305.495.944 806.463.376 100.359.554 906.822.930 Balance as of January 1, 2013 as restated (Note 40)

Laba (rugi) komprehensif: Comprehensive income (loss):

Laba (rugi) bersih tahun berjalan - - - - - - (11.924.009) (11.924.009) 7.334.920 (4.589.089) Net income (loss) for the year

Laba (rugi) komprehensif lain - - - 29.260.193 (43.834.998) - - (14.574.805) (18.531.652) (33.106.457) Other comprehensive income (loss)

Jumlah laba (rugi) komprehensif - - - 29.260.193 (43.834.998) - (11.924.009) (26.498.814) (11.196.732) (37.695.546) Total comprehensive income (loss)

Pencadangan saldo laba 23 - - - - - 100.000 (100.000) - - - Appropriation of retained earnings

Dividen entitas anak kepada

kepentingan nonpengendali - - - - - - - - (6.250.312) (6.250.312) Dividend of subsidiaries to non-controlling interests

Kepentingan nonpengendali atas

pendirian entitas anak 1 - - - - - - - - 1.023 1.023 Non-controlling interest in newly established subsidiary

Saldo pada tanggal 31 Desember 2013

disajikan kembali (Catatan 40) 72.498.628 10.371.267 431.075.818 32.685.991 (60.539.077) 400.000 293.471.935 779.964.562 82.913.533 862.878.095 Balance as of December 31, 2013, as restated (Note 40)

Laba (rugi) komprehensif: Comprehensive income (loss):

Laba bersih tahun berjalan - - - - - - 6.177.626 6.177.626 2.693.255 8.870.881 Net income for the year

Rugi komprehensif lain - - - (26.476.548) (5.778.134) - - (32.254.682) (1.370.753) (33.625.435) Other comprehensive loss

Jumlah laba (rugi) komprehensif - - - (26.476.548) (5.778.134) - 6.177.626 (26.077.056) 1.322.502 (24.754.554) Total comprehensive income (loss)

Selisih transaksi perubahan pada kepemilikan 1c Difference arising from change in ownership interest

pada entitas anak - - (4.858) - - - - (4.858) 4.858 - in a subsidiary

Pelepasan kepentingan pada entitas anak tanpa Disposal of interests in a subsidiary without

kehilangan pengendalian 1c - - 779 - - - - 779 174.429 175.208 loss of control

Kepentingan nonpengendali atas

pendirian entitas anak 1 - - - - - - - - 848 848 Non-controlling interest in newly established subsidiary

Saldo pada tanggal 31 Desember 2014 72.498.628 10.371.267 431.071.739 6.209.443 (66.317.211) 400.000 299.649.561 753.883.427 84.416.170 838.299.597 Balance as of December 31, 2014

Saldo Laba/Retained Earnings

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Kas diperoleh dari operasi 33.044.567 67.424.161 Net cash generated from operations Pembayaran pajak penghasilan badan (5.298.540) (12.313.242) Payments of corporate income tax Kas Bersih Diperoleh dari Aktivitas Operasi 27.746.027 55.110.919 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Investasi jangka pendek Short-term investments

Penempatan - (13.029.083) Placement

Hasil penarikan 8.571.433 9.112.415 Proceeds from redemption

Penerimaan bunga 12.038.199 11.957.442 Interest received

Aset tetap Property, plant and equipment

Perolehan aset tetap (129.608.329) (88.524.869) Acquisitions

Hasil penjualan 723.080 175.518 Proceeds from sale

Investasi dalam ventura bersama dan asosiasi (19.214.325) (1.419.870) Investment in joint venture and an associate Pembayaran uang muka ganti rugi lahan (1.513.945) (9.600.125) Payments of advances for land compensations Kenaikan aset tidak lancar (439.289) (3.447.441) Increase in noncurrent assets

Penerimaan dari piutang lain-lain jangka panjang - pihak ketiga 52.350.604 - Collection of long-term other receivable - third party Pencairan (penempatan) investasi jangka panjang (97.933.045) 1.729.000 Redemption (placement) of long-term investments

Penerimaan dividen 77.792 114.000 Dividends received

Perubahan dalam dana yang dibatasi pencairannya (1.529.836) (273.966) Change in restricted fund Penambahan tambang dalam pengembangan (3.896.246) (2.645.916) Addition in mines under construction Kas Bersih Digunakan untuk Aktivitas Investasi (180.373.907) (95.852.895) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Utang bank jangka pendek Short-terms bank loans

Penerimaan 29.826.535 19.250.782 Proceeds

Pembayaran (24.533.791) (22.200.000) Payments

Utang bank jangka panjang Long-terms bank loans

Penerimaan 173.920.548 44.959.639 Proceeds

Pembayaran (71.016.222) (34.904.244) Payments

Pembayaran utang jangka panjang lainnya (267.655) (133.755) Payments of others long-term payable Penerbitan saham kepada kepentingan nonpengendali 848 1.023 Issuance of shares to non-controlling interests Pembayaran liabilitas sewa pembiayaan (306.139) (1.165.317) Payments of lease liabilities

Pelepasan kepentingan terhadap entitas anak kepada Disposal of interest in a subsidiary to non-controlling

entitas nonpengendali 175.208 - interest

Pembayaran dividen kepada kepentingan nonpengendali - (6.244.754) Dividends paid to non-controlling interests Pembayaran bunga dan beban keuangan lainnya (17.567.807) (11.477.692) Payments of interest and other financial charges

Kas Bersih Diperoleh dari (Digunakan untuk)

Aktivitas Pendanaan 90.231.525 (11.914.318) Net Cash Provided by (Used in) Financing Activities

PENURUNAN BERSIH KAS DAN SETARA KAS (62.396.355) (52.656.294) DECREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AWAL TAHUN 181.561.906 251.306.503 AT THE BEGINNING OF THE YEAR Pengaruh perubahan kurs mata uang asing (1.666.028) (17.088.303) Effect of foreign exchange rate changes

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AKHIR TAHUN 117.499.523 181.561.906 AT THE END OF THE YEAR

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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1. Umum 1. General

a. Pendirian dan Informasi Umum a. Establishment and General Information PT Dian Swastatika Sentosa Tbk

(Perusahaan) didirikan berdasarkan Akta No. 6 tanggal 2 Agustus 1996 dari Linda Herawati, S.H., notaris di Jakarta, yang kemudian diubah dengan Akta Perubahan No. 35 tanggal 8 Oktober 1996 dari notaris yang sama. Akta pendirian dan perubahannya telah disahkan oleh Menteri Kehakiman Republik Indonesia (sekarang Menteri Hukum dan Hak Asasi Manusia Republik Indonesia) dalam Surat Keputusan No. C2-9854.HT.01.01.TH.96 tanggal 28 Oktober 1996 serta diumumkan dalam Berita Negara Republik Indonesia No. 46 tanggal 10 Juni 1997, Tambahan No. 2258.

PT Dian Swastatika Sentosa Tbk (the Company) was established on August 2, 1996 based on Notarial Deed No. 6 and was amended by Notarial Deed No. 35 dated October 8, 1996, both of Linda Herawati, S.H., a public notary in Jakarta. The deed of establishment and its amendment were approved by the Ministry of Justice of the Republic of Indonesia (currently the Ministry of Law and Human Rights of the Republic of Indonesia) in its Decision Letter No. C2-9854.HT.01.01.TH.96 dated October 28, 1996 and was published in the State Gazette of the Republic of Indonesia No. 46 dated June 10, 1997, Supplement No. 2258.

Anggaran Dasar Perusahaan telah beberapa kali mengalami perubahan, termasuk diantaranya penyesuaian Anggaran Dasar Perusahaan terhadap Undang-Undang Republik Indonesia No. 40 Tahun 2007 tentang Perseroan Terbatas pada tahun 2008, pelaksanaan penawaran umum perdana saham (IPO) dan perubahan status Perusahaan menjadi Perseroan Terbatas Terbuka pada tahun 2009, dan perubahan yang terakhir berdasarkan Surat Keputusan Sirkuler Para Pemegang Saham PT Dian Swastatika Sentosa Tbk yang didokumentasikan dalam Akta No. 55 tanggal 28 Agustus 2009 dari Linda Herawati, S.H., notaris di Jakarta, mengenai perubahan maksud dan tujuan serta kegiatan usaha Perusahaan sebagaimana tercantum dalam pasal 3 Anggaran Dasar Perusahaan meliputi penyediaan tenaga listrik, perdagangan besar, jasa dan pembangunan perumahan dan infrastruktur. Perubahan Anggaran Dasar Perusahaan yang terakhir tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-42753.AH.01.02.Tahun 2009 tanggal 1 September 2009.

The Articles of Association of the Company have been amended several times, including, among others, the revisions in the Company’s entire Articles of Association to be in accordance with the Law of Republic of Indonesia No. 40 Year 2007 regarding Limited Liability Company in 2008, the Initial Public Offering (IPO) and the change in the Company’s status to be a Listed Company in 2009, and the latest based on the Circular Resolution of Shareholders of PT Dian Swastatika Sentosa Tbk which were documented in Notarial Deed No. 55, dated August 28, 2009 of Linda Herawati, S.H., a public notary in Jakarta, regarding the revision of purpose and objective and business activities of the Company in article 3 of the Company’s Articles of Association, which include supply of electricity, trading, real estate and infrastructure, and constructions services. The latest amendment of the Company’s Articles of Association was approved by the Ministry of Law and Human Rights of the Republic Indonesia in its Decision Letter No. AHU-42753.AH.01.02.Tahun 2009 dated September 1, 2009.

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Perusahaan mulai beroperasi secara komersial pada tahun 1998. Perusahaan berkantor pusat di Jakarta, sedangkan pembangkit tenaga listrik Perusahaan saat ini berlokasi di Tangerang, Serang dan Karawang.

The Company started its commercial activities in 1998. The Company’s head office is in Jakarta, while its power plants are located in Tangerang, Serang and Karawang.

Dalam laporan keuangan konsolidasian, Perusahaan dan entitas anak secara bersama-sama disebut sebagai “Grup”.

In the consolidated financial statements, the Company and its subsidiaries are collectively referred to as “the Group”.

Perusahaan tergabung dalam kelompok usaha Sinarmas.

The Company operates under the Sinarmas group of business.

b. Penawaran Umum Efek Perusahaan b. Public Offering of Shares Pada tanggal 30 November 2009,

Perusahaan memperoleh Pernyataan Efektif dari Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam dan LK)*) melalui Surat No. S-10344/BL/2009 untuk penawaran umum perdana atas 100.000.000 saham Perusahaan dengan nilai nominal Rp 250 per saham kepada masyarakat dan telah dicatatkan pada Bursa Efek Indonesia pada tanggal 10 Desember 2009.

On November 30, 2009, the Company obtained the Notice of Effectivity from the Chairman of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK)*) in his Letter No. S-10344/BL/2009 for its offering to the public of 100,000,000 shares at Rp 250 per share. On December 10, 2009, all of these shares were listed in the Indonesia Stock Exchange.

Pada tanggal 31 Desember 2014 dan 2013, dan 1 Januari 2013/31 Desember 2012, seluruh saham Perusahaan sejumlah 770.552.320 saham telah tercatat di Bursa Efek Indonesia.

As of December 31, 2014 and 2013, and January 1, 2013/December 31, 2012, all of the Company’s shares totaling to 770,552,320 shares are listed in the Indonesia Stock Exchange.

*) Sejak tanggal 31 Desember 2012, fungsi, tugas dan wewenang kegiatan jasa keuangan di sektor pasar modal,

perasuransian, dana pensiun, lembaga pembiayaan dan lembaga jasa keuangan lainnya beralih dari Menteri Keuangan dan Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam dan LK) ke Otoritas Jasa Keuangan (OJK)/

Starting December 31, 2012, the functions, duties and authorities of regulating and monitoring the financial service activities in capital market sector, insurance, pension fund, multi-finance, and other financial services were transferred from the Minister of Finance, and the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) to the Financial Services Authority (OJK).

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c. Entitas Anak yang Dikonsolidasikan c. Consolidated Subsidiaries Perusahaan mempunyai penyertaan saham,

baik secara langsung maupun tidak langsung pada entitas anak berikut ini:

The Company’s subsidiaries owned directly or indirectly are as follows:

Persentase Tahun Kepemilikan Efektif/

Operasi Effective Percentage of Komersial/ Ownership Interest

Start of 31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/

Domisili/ Jenis Usaha/ Commercial December 31, December 31, December 31, December 31,

Domicile Nature of Business Operations 2014 2013 2014 2013

% %

Pemilikan Langsung/Direct Ownership:

PT Golden Energy Mines Tbk (GEM) Jakarta Perdagangan batubara/ 2010 66,999 66,999 315.258.524 327.647.061

Coal trading

PT Rolimex Kimia Nusamas (RKN) Jakarta Perdagangan/Trading 1989 99,504 99,504 49.602.310 76.895.491

PT Bumi Kencana Eka Sejahtera (BKES) Jakarta Perdagangan batubara/ 2011 99,999 99,999 50.156.234 65.256.979 Coal trading

PT DSSA Mas Sejahtera (DSSM) Jakarta Perdagangan, pembangunan, industri, - 99,998 99,991 98.537.171 32.517.231 jasa, dan pengangkutan darat/

Trading, construction, industry, services, and land logistic

PT DSSA Mas Infrastruktur (DSSI) Jakarta Perdagangan, pembangunan, industri, - 99,992 99,992 11.800.922 11.107.064 perbengkelan, jasa, dan angkutan/

Trading, construction, industry, workshop, service, and transportation

PT DSSE Energi Mas Utama (DSSE EMU) Jakarta Perdagangan, pembangunan, industri, - 99,998 - 312.935.991 -

jasa/

Trading, construction, industry, and service

Pemilikan Tidak Langsung/Indirect Ownership:

PT Roundhill Capital Indonesia (RCI) Jakarta Penyertaan saham dan 2014 67,325 67,325 117.303.938 96.611.587

(melalui/through GEM) perdagangan/

Holding company and trading

PT Kuansing Inti Makmur (KIM) Jambi Pertambangan batubara/ 2005 66,998 66,998 102.721.699 106.018.443

(melalui/through GEM) Coal mining

PT Trisula Kencana Sakti (TKS) Kalimantan Pertambangan batubara/ 2008 46,899 46,899 9.843.455 10.416.308

(melalui/through GEM) Tengah/ Coal mining

Central Kalimantan

GEMS Trading Resources Pte. Ltd. Singapura/ Perdagangan/ 2012 66,998 66,998 21.009.757 12.091.178

(GEMSTR) (dahulu/formerly GEMS Singapore Trading Coal Resources Pte. Ltd)

(melalui/through GEM)

PT Bumi Anugerah Semesta (BAS) Jakarta Perdagangan/ - 53,599 66,999 830.515 812.303

(melalui/through GEM) Trading

PT Borneo Indobara (BORNEO) Jakarta Pertambangan batubara/ 2005 66,699 66,699 111.394.183 96.184.047

(melalui/through RCI) Coal mining

PT Bara Harmonis Batang Asam (BHBA) Jambi Pertambangan batubara/ 2010 66,999 66,999 2.811.768 3.626.608

(melalui/through KIM) Coal mining

PT Karya Cemerlang Persada (KCP) Jambi Pertambangan batubara/ 2011 66,998 66,998 20.382.802 26.208.953

PT Bungo Bara Utama (BBU) Jambi Pertambangan batubara/ - 66,998 66,998 441.527 389.624

Entitas Anak/Subsidiaries

(Before Elimination) Total Assets Jumlah Aset (Sebelum Eliminasi)/

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% %

PT Berkat Nusantara Permai (BNP) Jambi Pertambangan batubara/ - 66,998 66,998 17.710.061 18.105.396

PT Tanjung Belit Bara Utama (TBBU) Jambi Pertambangan batubara/ - 66,998 66,998 27.049.410 26.554.157

PT Rolimex Suburin Hutani Persada (RSHP) Jakarta Perdagangan pupuk/ 2012 69,653 69,653 2.626.850 1.692.607

(melalui/through RKN) Fertilizer trading

PT Citra Alam Indah (CAI) Jakarta Perdagangan/ 2011 99,999 99,998 16.235.047 19.626.936

(melalui/through BKES) Trading

PT Andalan Satria Lestari (ASL) Jakarta Penyertaan saham/ - 99,998 99,998 14.290.423 10.712.535

(melalui/through DSSE EMU) Holding company

PT Nusantara Indah Lestari (NIL) Jakarta Perdagangan dan pertambangan 2005 99,998 99,999 2.376.562 2.458.948

(melalui/through ASL) batubara/

Trading and coal mining

PT Wahana Alam Lestari (WAL) Jakarta Perdagangan dan pertambangan 2007 99,998 99,998 40.005 430.848

(melalui/through ASL) batubara/

Trading and coal mining

PT Manggala Alam Lestari (MAL) Jakarta Pertambangan batubara/ - 99,929 99,927 11.373.349 6.327.840

(melalui/through ASL) Coal mining

PT Rimba Subur Lestari (RSL) Sumatera Pertambangan batubara/ - 99,998 99,998 365.225 307.700 (melalui/through ASL) Selatan/ Coal mining

South Sumatera

PT Buana Bara Ekapratama (BBEP) Jakarta Pertambangan batubara/ - 99,998 99,998 515.209 463.710

PT Duta Alam Ekapratama (DAE) Jakarta Pertambangan batubara/ - 99,998 99,998 302.034 283.987

PT Andalan Satria Abadi (ASA) Jakarta Pertambangan batubara/ - 99,998 99,998 586.019 590.206

PT Duta Alam Jaya (DAJ) Jakarta Pertambangan batubara/ - 99,998 99,998 186.450 182.537

PT Buana Inti Citraprima (BIC) Jakarta Pertambangan batubara/ - 99,998 99,998 356.685 321.119

PT Citra Alam Cahaya (CAC) Jakarta Pertambangan batubara/ - 99,998 99,998 145.277 141.000

PT Cahaya Nusa Pratama (CNP) Jakarta Pertambangan batubara/ - 99,998 99,998 239.686 198.975

PT Nusa Indah Permai (NIP) Sumatera Pertambangan batubara/ - 99,929 99,927 952.880 900.160

(melalui/through MAL) Selatan/ Coal mining South

Sumatera

PT Cahaya Bara Pratama (CBP) Jakarta Pertambangan batubara/ - 99,998 - 14.390 -

(melalui/through CNP) Coal mining

PT Innovate Mas Indonesia (IMI) Jakarta Internet dan jasa TV berlangganan/ 2011 89,998 69,994 78.842.999 30.953.841 (dahulu/formerly PT Mora Quatro Internet and TV cable services

Multimedia (MQM)) (melalui/through DSSM)

Golden Multimedia Holdings Pte. Ltd. (GOLDEN) Singapura/ Penyertaan saham/ - 99,998 - 16.473.138 -

(melalui/through DSSM) Singapore Holding company Entitas Anak/Subsidiaries

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% %

Celesta Prime Technology Pte. Ltd. (CELESTA) Singapura/ Penyertaan saham/ - 99,998 - 16.848.490 -

(melalui/through GOLDEN) Singapore Holding company

Sunshine Network Pte. Ltd. (SUNSHINE) Singapura/ Penyertaan saham/ - 99,998 - 16.835.557 -

(melalui/through CELESTA) Singapore Holding company

PT Buana Bumi Energi (BBE) Jakarta Penyediaan tenaga listrik/ - 99,892 99,891 178.256 170.857

(melalui/through DSSI) Generation of electricity

PT Sinarmas Sukses Sejahtera (SSS) Jakarta Perdagangan, industri, dan jasa/ - 99,992 99,901 5.532 7.068

(melalui/through DSSI) Trading, industry, and service

PT DSSP Power Mas Utama (DSSP PMU) Jakarta Perdagangan, pembangunan, - 99,998 - 307.633.308 -

(melalui/through DSSE EMU) industri, dan jasa/

Trading, construction, industry, and services

PT DSSP Power Sakti (DSSP PS) Jakarta Perdagangan, pembangunan, - 99,998 - 5.315.503 -

(melalui/through DSSP PMU) industri, dan jasa/

PT DSSP Energi Sejahtera (DSSE) Jakarta Perdagangan, pembangunan, - 99,930 99,900 302.257.641 117.992.227 (melalui/through DSSP PMU) industri, dan jasa/

PT DSSP Power Sumsel (DSSP) Jakarta Penyediaan tenaga listrik/ - 99,922 99,888 302.155.121 117.894.765

(melalui/through DSSE) Generation of electricity

PT Innovate Mas Utama (INNOVATE) Jakarta Perdagangan, pembangunan, - 99,998 - 79.045.049 -

(melalui/through DSSM) industri, dan jasa/

Trading, construction, industry, and services Entitas Anak/Subsidiaries

Dividen Dividend Berdasarkan Akta Berita Acara Rapat Umum

Pemegang Saham Tahunan GEM No. 15 tanggal 3 Mei 2013, dari Linda Herawati, S.H., notaris di Jakarta, para pemegang saham GEM menyetujui untuk membagikan dividen final untuk tahun buku 2012 sebesar Rp 185.294.119.500 atau Rp 31,5 per lembar saham kepada para pemegang saham.

Based on Memorandum of Annual Stockholders’ Meeting of GEM No. 15 dated May 3, 2013 of Linda Herawati, S.H., a public notary in Jakarta, all of GEM’s shareholders agreed to pay to shareholders final dividends for the year 2012 amounting to Rp 185,294,119,500 or Rp 31.5 per share.

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Pendirian Entitas Anak pada Tahun 2014 Establishment of Subsidiaries in 2014

INNOVATE INNOVATE

Berdasarkan Akta No. 84 tanggal 19 September 2014 dari Desman, S.H., M.Hum., notaris di Jakarta, DSSM dan Perusahaan mendirikan INNOVATE dengan modal dasar sebesar Rp 4.000.000.000 terdiri dari 4.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada INNOVATE sebesar Rp 1.000.000.000. DSSM dan Perusahaan memiliki kepemilikan pada INNOVATE masing-masing sebesar 99,00%

dan 1,00%. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-27721.40.10.2014 tanggal 2 Oktober 2014.

Based on Deed No. 84 dated September 19, 2014 of Desman, S.H., M.Hum., a public notary in Jakarta, DSSM and the Company established INNOVATE with authorized capital amounting to Rp 4,000,000,000 consisting of 4,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of INNOVATE amounted to Rp 1,000,000,000.

DSSM and the Company have ownership interests in INNOVATE of 99.00% and 1.00%, respectively. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-27721.40.10.2014 dated October 2, 2014.

CBP CBP

Berdasarkan Akta No. 80 tanggal 24 Juni 2014 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta, CNP dan ASL mendirikan CBP dengan modal dasar sebesar Rp 400.000.000 terdiri dari 400 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada CBP sebesar Rp 100.000.000. CNP dan ASL memiliki kepemilikan pada CBP masing-masing sebesar 99,00% dan 1,00%. Akta pendirian CBP telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-15135.40.10.2014 tanggal 26 Juni 2014.

Based on Deed No. 80 dated June 24, 2014 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta, CNP and ASL established CBP with authorized capital amounting to Rp 400,000,000 consisting of 400 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of CBP amounted to Rp 100,000,000. CNP and ASL have ownership interests in CBP of 99.00% and 1.00%, respectively. The Deed of Establishment of CBP was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-15135.40.10.2014 dated June 26, 2014.

GOLDEN GOLDEN

Pada tanggal 28 April 2014, telah didirikan GOLDEN dengan modal ditempatkan dan disetor terdiri dari 4.500.000 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh DSSM. GOLDEN berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, GOLDEN was established with paid up and issued capital of 4,500,000 shares with a nominal value of SGD 1 per share which is fully owned by DSSM.

GOLDEN domicilled in Singapore and engages in investment holding.

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CELESTA CELESTA Pada tanggal 28 April 2014, telah didirikan

CELESTA dengan modal ditempatkan dan disetor terdiri dari 4.478.750 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh GOLDEN. CELESTA berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, CELESTA was established with paid up and issued capital of 4,478,750 shares with a nominal value of SGD 1 per share which is fully owned by GOLDEN. CELESTA domicilled in Singapore and engages in investment holding.

SUNSHINE SUNSHINE

Pada tanggal 28 April 2014, telah didirikan SUNSHINE dengan modal ditempatkan dan disetor terdiri dari 4.457.500 saham dengan nilai nominal SGD 1 per lembar yang diambil seluruhnya oleh CELESTA. SUNSHINE berdomisili di Singapura dan bergerak di bidang investasi.

On April 28, 2014, SUNSHINE was established with paid up and issued capital of 4,457,500 shares with a nominal value of SGD 1 per share which is fully owned by CELESTA. SUNSHINE domicilled in Singapore and engages in investment holding.

DSSE EMU DSSE EMU

Berdasarkan Akta No. 29 tanggal 30 Januari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, Perusahaan dan PT Sinar Mas Tunggal (SMT), pihak berelasi, mendirikan DSSE EMU dengan modal dasar sebesar Rp 1.000.000.000.000 terdiri dari 1.000.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSE EMU sebesar Rp 370.800.000.000. Perusahaan dan SMT memiliki kepemilikan pada DSSE EMU masing-masing sebesar 99,997% dan 0,003%. Akta pendirian DSSE EMU telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.00805.PENDIRIAN- PT.2014 tanggal 3 Februari 2014.

Based on Deed No. 29 dated January 30, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, the Company and PT Sinar Mas Tunggal (SMT), a related party, established DSSE EMU with authorized capital amounting to Rp 1,000,000,000,000 consisting of 1,000,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSE EMU amounted to Rp 370,800,000,000. The Company and SMT have ownership interests in DSSE EMU of 99.997% and 0.003%, respectively. The Deed of Establishment of DSSE EMU was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.00805.PENDIRIAN-PT.2014 dated February 3, 2014.

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DSSP PMU DSSP PMU Berdasarkan Akta No. 2 tanggal

7 Februari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, DSSE EMU dan Perusahaan mendirikan DSSP PMU dengan modal dasar sebesar Rp 1.000.000.000.000 terdiri dari 1.000.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSP PMU sebesar Rp 370.700.000.000. DSSE EMU dan Perusahaan memiliki kepemilikan pada DSSP PMU masing-masing sebesar 99,997% dan 0,003%. Akta pendirian DSSP PMU telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.01535.PENDIRIAN-PT.2014 tanggal 11 Februari 2014.

Based on Deed No. 2 dated February 7, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, DSSE EMU and the Company established DSSP PMU with authorized capital amounting to Rp 1,000,000,000,000 consisting of 1,000,000 shares with nominal value of Rp 1,000,000 per share.

Total issued and paid up capital of DSSP PMU amounted to Rp 370,700,000,000.

DSSE EMU and the Company have ownership interests in DSSP PMU of 99.997% and 0.003%, respectively.

The Deed of Establishment of DSSP PMU was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.01535.PENDIRIAN-PT.2014 dated February 11, 2014.

DSSP PS DSSP PS

Berdasarkan Akta No. 3 tanggal 17 Februari 2014 dari Lanawaty Darmadi S.H., M.Kn., notaris di Tangerang, DSSP PMU dan DSSE EMU mendirikan DSSP PS dengan modal dasar sebesar Rp 40.000.000.000 terdiri dari 40.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSP PS sebesar Rp 10.000.000.000.

DSSP PMU dan DSSE EMU memiliki kepemilikan pada DSSP PS masing-masing sebesar 99,900% dan 0,100%. Akta pendirian DSSP PS telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-10.02284.PENDIRIAN-PT.2014 tanggal 17 Februari 2014.

Based on Deed No. 3 dated February 17, 2014 of Lanawaty Darmadi S.H., M.Kn., a public notary in Tangerang, DSSP PMU and DSSE EMU established DSSP PS with authorized capital amounting to Rp 40,000,000,000 consisting of 40,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSP PS amounted to Rp 10,000,000,000.

DSSP PMU and DSSE EMU have ownership interests in DSSP PS of 99.900% and 0.100%, respectively. The Deed of Establishment of DSSP PS was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-10.02284.PENDIRIAN-PT.2014 dated February 17, 2014.

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Pendirian Entitas Anak pada Tahun 2013 Establishment of Subsidiaries in 2013

BAS BAS

BAS didirikan berdasarkan Akta No. 70 tanggal 24 Juli 2013 dari Deni Thanur, S.E., S.H., M.Kn., notaris di Jakarta. Modal dasar BAS sebesar Rp 40.000.000.000 terbagi atas 40.000 saham dengan nilai nominal Rp 1.000.000 per saham. Modal ditempatkan dan disetor sebesar Rp 10.000.000.000 terdiri atas 10.000 saham yang dimiliki oleh GEM sebanyak 9.990 saham dan sisanya dimiliki oleh KIM. Akta pendirian BAS telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-42235.AH.01.01.Tahun 2013 tanggal 2 Agustus 2013.

BAS was established based on Deed No. 70 dated July 24, 2013 of Deni Thanur, S.E., S.H., M.Kn., a public notary in Jakarta. BAS’

authorized capital amounted to Rp 40,000,000,000 consisting of 40,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital amounted to Rp 10,000,000,000 consisting of 10,000 shares, 9,990 shares of which are owned by GEM and the remaining shares are owned by KIM. The Deed of Establishment of BAS was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-42235.AH.01.01.Tahun 2013 dated August 2, 2013.

DSSI DSSI

Berdasarkan Akta No. 68 tanggal 20 Mei 2013 dari Desman, S.H., M.Hum., notaris di Jakarta, Perusahaan dan SMT, pihak berelasi, mendirikan DSSI dengan modal dasar sebesar Rp 500.000.000.000 terdiri dari 500.000 saham dengan nilai nominal sebesar Rp 1.000.000 per saham. Modal ditempatkan dan disetor pada DSSI sebesar Rp 130.000.000.000. Perusahaan dan SMT memiliki kepemilikan pada DSSI masing-masing sebesar 99,992% dan 0,008%. Akta pendirian DSSI telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-29964.AH.01.01.Tahun 2013 tanggal 3 Juni 2013.

Based on Deed No. 68 dated May 20, 2013 of Desman, S.H., M.Hum., a public notary in Jakarta, the Company and SMT, a related party, established DSSI with authorized capital amounting to Rp 500,000,000,000 consisting of 500,000 shares with nominal value of Rp 1,000,000 per share. Total issued and paid up capital of DSSI amounted to Rp 130,000,000,000. The Company and SMT have ownership interests in DSSI of 99.992% and 0.008%, respectively. The Deed of Establishment of DSSI was approved by the Ministry of Law and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-29964.AH.01.01.Tahun 2013 dated June 3, 2013.