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Lampiran 1/1 Schedule

LAPORAN POSISI KEUANGANKONSOLIDASIAN31 DESEMBER 2012, 31 DESEMBER 2011DAN 1 JANUARI 2011(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENTS OFFINANCIAL POSITION

31 DECEMBER 2012, 31 DECEMBER 2011AND 1 JANUARY 2011

(Expressed in millions of Rupiah, unless otherwise stated)

Catatan atas laporan keuangan konsolidasian merupakanbagian yang tidak terpisahkan dari laporan keuangan

konsolidasian.

The accompanying notes form anintegral part of these consolidated financial statements.

Catatan/Notes 31/12/2012 31/12/2011

*)01/01/2011

*)

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2c,4,6c 227,769 838,190 1,240,781 Cash and cash equivalentsPiutang usaha - pihak ketiga, Trade receivables - third parties,

setelah dikurangi penyisihan net of provision forpenurunan nilai impairmentsebesar Rp 16.780 of Rp 16,780(31/12/2011: Rp 15.745) (31/12/2011: Rp 15,745)(01/01/2011: Rp 16.316) 2d,5 40,217 5,374 50,668 (01/01/2011: Rp 16,316)

Piutang lain-lain, bersih 2d,31 9,851 10,984 48,164 Other receivables, netPersediaan, setelah dikurangi Inventories, net of provision

penyisihan penurunan nilai for decline in valuesebesar Rp nihil of Rp nil(31/12/2011: Rp nihil) (31/12/2011: Rp nil)(01/01/2011: Rp 4.145) 2e,7 1,249,050 769,903 624,694 (01/01/2011: Rp 4,145)

Uang muka 8 174,858 177,184 64,555 AdvancesPajak dibayar dimuka 9 78,650 55,390 22,315 Prepaid taxes

Total aset lancar 1,780,395 1,857,025 2,051,177 Total current assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang jangka panjang 2d,31 90,648 91,120 96,220 Long-term receivablesAset pajak tangguhan, bersih 2o,2v,16c 109,036 99,613 58,291 Deferred tax assets, netTanaman perkebunan Plantations

Tanaman menghasilkan, Mature plantations,setelah dikurangi akumulasi net of accumulatedpenyusutan sebesar depreciation ofRp 935.603 Rp 935,603(31/12/2011: Rp 773.738) (31/12/2011: Rp 773,738)(01/01/2011: Rp 700.390) 2f,2i,10a 2,385,573 1,351,784 1,080,670 (01/01/2011: Rp 700,390)

Tanaman belum menghasilkan 2f,2i,10b 2,087,300 2,444,000 2,103,208 Immature plantationsAset tetap, Fixed assets,

setelah dikurangi akumulasi net of accumulatedpenyusutan sebesar depreciation ofRp 1.981.675 Rp 1,981,675(31/12/2011: Rp 1.641.031) (31/12/2011: Rp 1,641,031)(01/01/2011: Rp 1.382.622) 2g,2i,2v,11 4,918,673 3,424,194 2,686,910 (01/01/2011: Rp 1,382,622)

Goodwill 2b 55,951 55,951 53,327 GoodwillPerkebunan plasma 2h,12 502,720 482,593 311,775 Plasma plantationsTagihan restitusi pajak 16d 338,526 214,947 249,402 Claims for tax refundsAset lain-lain 2j,2v 150,998 183,268 100,819 Other assets

Total aset tidak lancar 10,639,425 8,347,470 6,740,622 Total non-current assets

TOTAL ASET 12,419,820 10,204,495 8,791,799 TOTAL ASSETS

*) Direklasifikasi (lihat Catatan 35) As reclassified (see Note 35) *)



LAPORAN POSISI KEUANGANKONSOLIDASIAN31 DESEMBER 2012, 31 DESEMBER 2011DAN 1 JANUARI 2011(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENTS OFFINANCIAL POSITION

31 DECEMBER 2012, 31 DECEMBER 2011AND 1 JANUARY 2011

(Expressed in millions of Rupiah, unless otherwise stated)


konsolidasian.


Catatan/Notes 31/12/2012 31/12/2011

*)01/01/2011

*)

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Uang muka pelanggan 13 540,264 473,430 324,164 Advances from customersUtang usaha 2k Trade payables

Pihak ketiga 14 548,841 496,783 331,733 Third partiesPihak berelasi 2n,6c,14 16,580 25,056 17,114 Related parties

Liabilitas lain-lain 2k 30,037 34,146 37,264 Other liabilitiesAkrual 15 72,668 56,149 49,122 AccrualsUtang pajak 2o,16b 381,999 354,787 302,455 Taxes payableKewajiban imbalan kerja 2r,2v,18 38,201 27,218 24,597 Employee benefits obligationsPinjaman bank jangka pendek 2p,17 971,950 - - Short-term bank loans

Total liabilitas jangka pendek 2,600,540 1,467,569 1,086,449 Total current liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Liabilitas pajak tangguhan, bersih 2o,16c 29,114 33,321 36,945 Deferred tax liabilities, netKewajiban imbalan kerja 2r,2v,18 424,755 277,447 211,148 Employee benefits obligations

Total liabilitas jangka panjang 453,869 310,768 248,093 Total non-current liabilities

Total liabilitas 3,054,409 1,778,337 1,334,542 Total liabilities

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan Equity attributable to ownerskepada pemilik Perusahaan: of the Company:

Modal saham 19 787,373 787,373 787,373 Share capitalTambahan modal disetor 2b,20 83,603 83,603 83,603 Additional paid-in capitalSaldo laba: Retained earnings:

Dicadangkan 22 157,500 157,500 157,500 AppropriatedBelum dicadangkan 8,000,703 7,111,139 6,183,211 Unappropriated

9,029,179 8,139,615 7,211,687

Kepentingan nonpengendali 2b,21 336,232 286,543 245,570 Non-controlling interests

Total ekuitas 9,365,411 8,426,158 7,457,257 Total equity

TOTAL LIABILITIESTOTAL LIABILITAS DAN EKUITAS 12,419,820 10,204,495 8,791,799 AND EQUITY

*) Direklasifikasi (lihat Catatan 35) As reclassified (see Note 35) *)


Lampiran 2 Schedule

LAPORAN LABA RUGI KOMPREHENSIFKONSOLIDASIANUNTUK TAHUN YANG BERAKHIR31 DESEMBER 2012 DAN 2011(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakanlain)

CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME

FOR THE YEARS ENDED31 DECEMBER 2012 AND 2011

(Expressed in millions of Rupiah, unless otherwisestated)


konsolidasian.


Catatan/2012 Notes 2011

Pendapatan bersih 11,564,319 2l,23 10,772,582 Net revenue

Beban pokok pendapatan (7,206,837) 2l,24 (6,837,674) Cost of revenue

Laba bruto 4,357,482 3,934,908 Gross profit

General and administrativeBeban umum dan administrasi (522,302) 2l,25 (447,978) expensesBeban penjualan (381,451) 2l,25 (291,269) Selling expensesBiaya pendanaan (29,196) 2l,26 (5,806) Finance costRugi pengembangan Loss on plasma plantation

perkebunan plasma - 2h,12 (20,000) development(Kerugian)/keuntungan Foreign exchange

selisih kurs, bersih (826) 2m 433 (loss)/gain, netPenghasilan bunga 22,016 27 93,433 Interest incomeLain-lain, bersih 79,170 28 69,211 Others, net

(832,589) (601,976)

Laba sebelum pajak penghasilan 3,524,893 3,332,932 Profit before income tax

Beban pajak penghasilan (1,004,627) 2o,16a (834,367) Income tax expense

Laba tahun berjalan 2,520,266 2,498,565 Profit for the year

Pendapatan komprehensif lain: Other comprehensive income:(Kerugian)/keuntungan aktuarial (88,815) 18 - Actuarial (loss)/gainPajak penghasilan terkait 22,203 16c - Related income tax

(66,612) -

Total laba komprehensif 2,453,654 2,498,565 Total comprehensive income

Laba yang dapat diatribusikankepada: Profit attributable to:

Pemilik Perusahaan 2,410,259 2,405,564 Owners of the CompanyKepentingan nonpengendali 110,007 93,001 Non-controlling interests

2,520,266 2,498,565

Total laba komprehensif yang Total comprehensive incomedapat diatribusikan kepada: attributable to:

Pemilik Perusahaan 2,346,203 2,405,564 Owners of the CompanyKepentingan nonpengendali 107,451 93,001 Non-controlling interests

2,453,654 2,498,565

Laba per saham dasar/dilusian Basic/diluted earnings per share(Rupiah penuh) 1,530.57 2s,29 1,527.59 (full amount)

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Lampiran 4 Schedule


konsolidasian.


LAPORAN ARUS KAS KONSOLIDASIANUNTUK TAHUN YANG BERAKHIR31 DESEMBER 2012 DAN 2011(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakanlain)

CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED

31 DECEMBER 2012 AND 2011(Expressed in millions of Rupiah, unless otherwise

stated)

2012 2011

Arus kas dari aktivitas Cash flows fromoperasi operating activities

Penerimaan dari pelanggan 11,599,252 10,945,042 Receipts from customersPenerimaan penghasilan bunga, bersih 16,315 68,965 Receipts of interest income, netPembayaran kepada pemasok dan karyawan (7,343,681) (6,680,451) Payments to suppliers and employeesPembayaran pajak (1,166,646) (810,114) Payments of taxesPembayaran beban Payments for other

operasional lainnya (495,729) (360,967) operational expenses

Arus kas bersih yang diperoleh dari Net cash flows provided byaktivitas operasi 2,609,511 3,162,475 operating activities

Arus kas dari aktivitas Cash flows frominvestasi investing activities

Penambahan aset tetap (1,775,489) (1,086,293) Additions of fixed assetsPenambahan tanaman perkebunan (824,417) (800,771) Additions of plantationsPenambahan perkebunan plasma (30,639) (81,385) Additions of plasma plantationsPenambahan perolehan hak atas tanah - (64,141) Additions of land right acquisitionsPenerimaan dari pelepasan entitas anak - 5,613 Proceeds from disposal of subsidiary

Arus kas bersih yang digunakan untuk Net cash flows used inaktivitas investasi (2,630,545) (2,026,977) investing activities

Arus kas dari aktivitas Cash flows frompendanaan financing activities

Penerimaan pinjaman bank 960,640 - Proceeds from bank loansPembayaran dividen kas (1,456,422) (1,480,146) Payment of cash dividendsPembayaran dividen kas kepada Payments of cash dividends to

pemegang saham nonpengendali (57,762) (52,028) non-controlling shareholdersPembayaran biaya pendanaan (40,371) (5,794) Payment of finance cost

Arus kas bersih yang digunakan untuk Net cash flows used inaktivitas pendanaan (593,915) (1,537,968) financing activities

Net decrease inPenurunan bersih kas dan setara kas (614,949) (402,470) cash and cash equivalents

Dampak perubahan selisih kurs Effect of exchange rate changes onterhadap kas dan setara kas 4,528 (121) cash and cash equivalents

Kas dan setara kas pada Cash and cash equivalentsawal tahun 838,190 1,240,781 at the beginning of the year

Kas dan setara kas pada Cash and cash equivalentsakhir tahun 227,769 838,190 at the end of the year



CATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN31 DESEMBER 2012 DAN 2011(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakanlain)

NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS


stated )

1. UMUM 1. GENERAL

PT Astra Agro Lestari Tbk (“Perusahaan”) didirikandengan nama PT Suryaraya Cakrawalaberdasarkan Akta Notaris Ny. RukmasantiHardjasatya, S.H., No. 12 tanggal 3 Oktober 1988,yang kemudian berubah menjadi PT Astra AgroNiaga berdasarkan Akta perubahan No. 9 tanggal4 Agustus 1989 dari notaris yang sama. Aktapendirian Perusahaan dan perubahannya disahkanoleh Menteri Kehakiman Republik Indonesia dalamSurat Keputusan No. C2-10099.HT.01.01.TH.89tanggal 31 Oktober 1989 dan diumumkan dalamLembaran Berita Negara Republik IndonesiaNo. 101 tanggal 19 Desember 1989, TambahanNo. 3626.

PT Astra Agro Lestari Tbk (“the Company”) wasestablished under the name of PT SuryarayaCakrawala based on Notarial Deed No. 12 ofNy. Rukmasanti Hardjasatya, S.H., dated3 October 1988, which was then changed toPT Astra Agro Niaga based on Deed ofamendment No. 9 dated 4 August 1989 of thesame notary. The deed of establishment and itsamendment were approved by the Minister ofJustice of the Republic of Indonesia in DecisionLetter No. C2-10099.HT.01.01.TH.89 dated31 October 1989 and published in the StateGazette of the Republic of Indonesia No. 101 dated19 December 1989, Supplementary No. 3626.

Pada tanggal 30 Juni 1997, Perusahaanmelakukan penggabungan usaha dengan PTSuryaraya Bahtera melalui perjanjianpenggabungan usaha yang diaktakan dengan AktaNotaris Benny Kristianto, S.H., No. 126 tanggal19 Juni 1997 beserta perubahannya No. 176tanggal 30 Juni 1997. Penggabungan usaha inidicatat dengan metode penyatuan kepemilikan(pooling of interest). Setelah penggabungan usahaini, nama Perusahaan diubah menjadi PT AstraAgro Lestari dan meningkatkan modal dasar dariRp 250 miliar menjadi Rp 2 triliun yang terdiri dari4 miliar saham dengan nilai nominal Rp 500(Rupiah penuh). Perubahan nama dan peningkatanmodal dasar Perusahaan ini diaktakan denganAkta Notaris Benny Kristianto, S.H., No. 136tanggal 23 Juni 1997 dan disahkan oleh MenteriKehakiman Republik Indonesia dalam SuratKeputusan No. C2-5992.HT.01.04.TH.97 tanggal2 Juli 1997 dan diumumkan dalam LembaranBerita Negara Republik Indonesia No. 95 tanggal27 Nopember 1997, Tambahan No. 5616.

On 30 June 1997, the Company completeda merger with PT Suryaraya Bahtera in accordancewith the merger agreement which was registeredthrough Notarial Deed No. 126 dated 19 June 1997and deed of amendment No. 176 of BennyKristianto, S.H., dated 30 June 1997. This mergerwas accounted for using the pooling of interestmethod. After this merger, the Company’s namewas changed to PT Astra Agro Lestari and theCompany increased its authorised capital fromRp 250 billion to Rp 2 trillion comprising 4 billionshares at par value of Rp 500 (full amount). Thechange of the Company's name and the increasein authorised share capital were effected byNotarial Deed No. 136 of Benny Kristianto, S.H.,dated 23 June 1997 and approved by the Ministerof Justice of the Republic of Indonesia in DecisionLetter No. C2-5992.HT.01.04.TH.97 dated 2 July1997 and published in the State Gazette of theRepublic of Indonesia No. 95 dated 27 November1997, Supplementary No. 5616.

Perubahan Anggaran Dasar Perusahaan gunamemenuhi ketentuan hukum dan peraturan yangberlaku di pasar modal, termasuk perubahan namaPerusahaan menjadi PT Astra Agro Lestari Tbk,dan persetujuan para pemegang saham ataspenawaran umum saham Perusahaan kepadamasyarakat sebanyak 125,8 juta saham, diaktakandengan Akta Notaris Benny Kristianto, S.H., No. 65tanggal 11 Agustus 1997. Perubahan AnggaranDasar tersebut disahkan oleh Menteri KehakimanRepublik Indonesia dalam Surat KeputusanNo. C2-8271.HT.01.04.TH.97 tanggal 21 Agustus1997 dan diumumkan dalam Lembaran BeritaNegara Republik Indonesia No. 95 tanggal27 Nopember 1997, Tambahan No. 5617.

The amendment to the Articles of Associationpertaining to compliance with the capital marketlaws and regulations, including a change in theCompany's name to PT Astra Agro Lestari Tbk andshareholder’s approval to offer 125.8 million of theCompany's shares to public, were effected byNotarial Deed No. 65 of Benny Kristianto, S.H.,dated 11 August 1997. These amendments wereapproved by the Minister of Justice of the Republicof Indonesia in Decision LetterNo. C2-8271.HT.01.04.TH.97 dated 21 August1997 and published in the State Gazette of theRepublic of Indonesia No. 95 dated 27 November1997, Supplementary No. 5617.






stated)

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

Anggaran Dasar Perusahaan telah beberapa kalimengalami perubahan. Perubahan untukmemenuhi Undang-undang No. 40 tahun 2007tentang Perseroan Terbatas, diaktakan denganAkta Notaris Benny Kristianto, S.H., No.83 tanggal20 Juni 2008 dan telah disahkan oleh MenteriHukum dan Hak Asasi Manusia Republik Indonesiadengan Surat Keputusan No. AHU-46707.AH.01.02Tahun 2008, tanggal 31 Juli 2008 dan diumumkandalam Lembaran Berita Negara Republik IndonesiaNo. 21 tanggal 13 Maret 2009, Tambahan No.7315.

Berdasarkan Anggaran Dasar Perusahaan, ruanglingkup kegiatan Perusahaan adalah perkebunan,perdagangan umum, perindustrian, pengangkutan,konsultan dan jasa.

The Company’s Articles of Association have beenamended several times. The amendmentpertaining to compliance with Limited LiabilityCompany Law No. 40 Year 2007, based on theNotarial Deed No. 83 of Benny Kristianto, S.H.,dated 20 June 2008 and was approved by theMinister of Law and Human Rights of the Republicof Indonesia in Decision LetterNo. AHU-46707.AH.01.02 Year 2008, dated31 July 2008 and published in the State Gazette ofthe Republic of Indonesia No. 21 dated 13 March2009, Supplementary No. 7315.

Based on the Company’s Articles of Association,the scope of its activities is to engage in plantationoperation, general trading, manufacturing,transportation, consultation and services.

Kantor pusat Perusahaan dan entitas anak (“Grup”)berlokasi di Jalan Pulo Ayang Raya Blok OR no. 1,Kawasan Industri Pulogadung, Jakarta. Perkebunankelapa sawit Perusahaan dan pabrik berlokasi diKalimantan Selatan. Perkebunan dan pabrikpengolahan entitas anak berlokasi di pulau Jawa,Sumatra, Kalimantan, dan Sulawesi.

The Company and subsidiaries’ (the “Group”) headoffices are located at Jalan Pulo Ayang Raya BlockOR no. 1, Pulogadung Industrial Estate, Jakarta.The Company’s oil palm plantations and its mill arelocated in South Kalimantan. The subsidiaries’plantations and mills are located in Java, Sumatra,Kalimantan, and Sulawesi.

Perusahaan mulai beroperasi komersial padatahun 1995.

The Company commenced commercial operationsin 1995.

Berdasarkan surat BAPEPAM No. S-2708/PM/1997tanggal 21 Nopember 1997, penawaran umumperdana saham biasa Perusahaan kepadamasyarakat sebanyak 125,8 juta saham dengannilai nominal Rp 500 (Rupiah penuh) per sahamdengan harga penawaran sebesar Rp 1.550(Rupiah penuh) per saham, telah menjadi efektif.

Based on BAPEPAM letter No. S-2708/PM/1997dated 21 November 1997, the initial public offeringof 125.8 million common shares with par value ofRp 500 (full amount) per share to public at theoffering price of Rp 1,550 (full amount) per share,was deemed effective.

Berdasarkan Rapat Umum Luar Biasa PemegangSaham tanggal 10 Mei 1999, disetujui untukmengeluarkan saham bonus sebanyak 251,6 jutasaham.

Based on Shareholders’ Extraordinary Meetingheld on 10 May 1999, it is agreed to issue 251.6million bonus shares.

Berdasarkan Rapat Umum Luar Biasa PemegangSaham tanggal 10 Mei 2000, disetujui untukmemberikan hak opsi kepada karyawan Grup yangmemenuhi syarat untuk membeli saham barusebanyak 75,48 juta saham.

Based on Shareholders’ Extraordinary Meetingheld on 10 May 2000, it is agreed to grant optionsto purchase 75.48 million new shares to qualifiedGroup’s employees.

Perusahaan telah mencatatkan seluruh sahamnyadi Bursa Efek Indonesia.

All of the Company's shares are listed in theIndonesia Stock Exchange.






stated)


Laporan keuangan konsolidasian mencakupakun-akun entitas anak dimana Perusahaanmempunyai kemampuan untuk mengendalikanentitas anak tersebut, yang terdiri dari:

The consolidated financial statements include theaccounts of subsidiaries of which the Company hasthe ability to control the subsidiaries, which consistof:

Tahun Total asetberoperasi (sebelum

Nama entitas anak komersial/ dieliminasi)/dan aktivitas utama/ Year of Persentase kepemilikan/ Total assets

Name of subsidiaries and Lokasi/ commercial Percentage of ownership (before eliminations)principal activities Location operations 2012 2011 2012 2011

Kelapa sawit/Oil palm:PT Sari Lembah Subur Riau 1993 85.00 85.00 643,816 538,791PT Eka Dura Indonesia Riau 1994 99.99 99.99 502,310 493,809PT Tunggal Perkasa Riau 1987 99.99 99.99 583,147 502,124

PlantationsPT Sawit Asahan Indah Riau 1997 99.99 99.99 282,928 252,378PT Kimia Tirta Utama Riau 1999 75.00 75.00 517,047 435,372PT Perkebunan Lembah Aceh 1994 99.55 99.55 216,317 181,987

BhaktiPT Karya Tanah Subur Aceh 1994 88.83 88.83 222,321 157,658PT Sari Aditya Loka Jambi 1995 90.00 90.00 801,326 645,575PT Letawa Sulawesi Barat/ 1995 99.99 99.99 309,586 335,459

West SulawesiPT Suryaraya Lestari Sulawesi Barat/ 1997 99.99 99.99 422,070 378,335

West SulawesiPT Pasangkayu Sulawesi Barat/ 1997 99.99 99.99 357,471 325,553

West SulawesiPT Mamuang Sulawesi Barat/ 1997 99.99 99.99 219,416 209,534

West SulawesiPT Bhadra Sukses Sulawesi Barat/ 1997 99.80 99.80 49,360 48,572

West SulawesiPT Lestari Tani Teladan Sulawesi Tengah/ 1998 94.99 94.99 118,038 136,355

Central SulawesiPT Agro Nusa Abadi Sulawesi Tengah/ 2012 99.90 99.90 839,751 657,043

Central SulawesiPT Sawit Jaya Abadi Sulawesi Tengah/ 2012 99.80 99.80 203,450 141,140

Central SulawesiPT Cipta Agro Nusantara Sulawesi Tengah/ 2012 92.31 92.31 261,307 262,754

Central SulawesiPT Rimbunan Alam Sentosa Sulawesi Tengah/ 2012 99.99 99.99 130,857 133,507

Central SulawesiPT Gunung Sejahtera Kalimantan Tengah/ 1998 95.00 95.00 546,369 423,822

Dua lndah Central KalimantanPT Gunung Sejahtera Kalimantan Tengah/ 1999 95.00 95.00 497,203 426,918

Puti Pesona Central KalimantanPT Gunung Sejahtera Kalimantan Tengah/ 1997 99.99 99.99 353,657 291,775

Ibu Pertiwi Central KalimantanPT Suryaindah Kalimantan Tengah/ 2000 95.00 95.00 599,061 507,157

Nusantarapagi Central KalimantanPT Agro Menara Rachmat Kalimantan Tengah/ 1998 99.99 99.99 188,115 172,870

Central KalimantanPT Bhadra Cemerlang Kalimantan Tengah/ 2010 99.99 99.99 308,091 264,786

Central KalimantanPT Nirmala Agro Lestari Kalimantan Tengah/ 2003 99.99 99.99 580,774 548,058

Central KalimantanPT Gunung Sejahtera Kalimantan Tengah/ 2001 95.00 95.00 253,587 190,544

Yoli Makmur Central KalimantanPT Persadabina Kalimantan Tengah/ 2002 95.00 95.00 122,252 90,938

Nusantaraabadi Central Kalimantan






stated)


Tahun Total asetberoperasi (sebelum

Nama entitas anak komersial/ dieliminasi)/dan aktivitas utama/ Year of Persentase kepemilikan/ Total assets

Name of subsidiaries and Lokasi/ commercial Percentage of ownership (before eliminations)principal activities Location operations 2012 2011 2012 2011

Kelapa sawit/Oil palm(lanjutan/continued):PT Gunung Sejahtera Kalimantan Tengah/ Pra-operasi/ 99.99 99.99 8,663 8,424

Raman Permai Central Kalimantan Pre-operatingPT Karyanusa Ekadaya Kalimantan Timur/ 2009 99.99 99.99 1,438,299 1,248,077

East KalimantanPT Waru Kaltim Plantation Kalimantan Timur/ 1995 99.99 99.99 381,981 254,243

East KalimantanPT Sumber Kharisma Kalimantan Timur/ 2006 99.99 99.99 572,947 476,070

Persada East KalimantanPT Sukses Tani Nusasubur Kalimantan Timur/ 2000 99.99 99.99 170,961 154,863

East KalimantanPT Borneo Indah Marjaya Kalimantan Timur/ 2011 99.98 99.98 766,668 495,601

East KalimantanPT Cipta Narada Lestari Kalimantan Timur/ 2011 99.99 99.99 41,800 37,678

East KalimantanPT Subur Abadi Plantations Kalimantan Timur/ 2012 99.60 99.60 335,433 241,499

East KalimantanPT Subur Agro Makmur Kalimantan Selatan/ Pra-operasi/ 99.80 99.80 751,657 458,902

South Kalimantan Pre-operatingPT Persada Dinamika Lestari Kalimantan Selatan/ Pra-operasi/ 99.99 99.99 310,380 175,825

South Kalimantan Pre-operatingPT Cakradenta Agung Kalimantan Selatan/ 2000 99.99 99.99 73,177 77,002

Pertiwi South KalimantanPT Cakung Permata Kalimantan Selatan/ 1999 99.99 99.99 229,105 185,982

Nusa South KalimantanPT Tri Buana Mas Kalimantan Selatan/ Pra-operasi/ 99.90 99.90 248,303 37,580

South Kalimantan Pre-operating

Karet/Rubber:PT Pandji Waringin Banten 1995 99.99 99.99 21,947 18,703

Manufaktur dan jasa/Manufacturing and services:PT Eka Dura Perdana Riau 1992 99.99 99.99 5,060 8,383PT Tanjung Sarana Lestari Sulawesi Barat/ Pra-operasi/ 99.90 - 88,292 -

West Sulawesi Pre-operating

PT Astra International Tbk merupakan entitasinduk Perusahaan, dimana Jardine MathesonHoldings Ltd, yang didirikan di Bermuda,merupakan entitas induk utamanya.

PT Astra International Tbk is the parent entity ofthe Company, whereas Jardine MathesonHoldings Ltd, incorporated in Bermuda, is itsultimate parent entity.






stated)


Susunan anggota Dewan Komisaris, Direksi danKomite Audit Perusahaan adalah sebagai berikut:

The members of the Company's Board ofCommissioners, Directors and Audit Committeewere as follows:

2012 2011

Dewan Komisaris Board of CommissionersPresiden Komisaris Prijono Sugiarto Prijono Sugiarto President CommissionerWakil Presiden Komisaris Chiew Sin Cheok Chiew Sin Cheok Vice President CommissionerKomisaris Gunawan Geniusahardja Gunawan Geniusahardja CommissionerKomisaris Simon Collier Dixon Simon Collier Dixon CommissionerKomisaris Patrick Morris Alexander *) Patrick Morris Alexander *) CommissionerKomisaris Harbrinderjit Singh Dillon *) Harbrinderjit Singh Dillon *) CommissionerKomisaris Anugerah Pekerti *) Anugerah Pekerti *) Commissioner

Direksi DirectorsPresiden Direktur Widya Wiryawan Widya Wiryawan President DirectorDirektur Bambang Palgoenadi Bambang Palgoenadi DirectorDirektur Santosa Santosa DirectorDirektur Juddy Arianto Juddy Arianto DirectorDirektur Joko Supriyono Joko Supriyono DirectorDirektur Jamal Abdul Nasser Jamal Abdul Nasser Director

Komite Audit Audit CommitteeKetua Anugerah Pekerti *) Anugerah Pekerti *) ChairmanAnggota Siti Nurwahyu Harahap Siti Nurwahyu Harahap MemberAnggota Purnama Setiawan Purnama Setiawan Member

*) Komisaris Independen *) Independent Commissioner

Perusahaan dan entitas anak mempunyaikaryawan tetap sebanyak 28.109 karyawan (2011:26.473 karyawan).

The Company and subsidiaries had 28,109permanent employees (2011: 26,473 employees).

2. IKHTISAR KEBIJAKAN AKUNTANSISIGNIFIKAN

2. SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES

Laporan keuangan konsolidasian Grup disusunberdasarkan Standar Akuntansi Keuangan diIndonesia dan disetujui Direksi pada tanggal20 Pebruari 2013.

These consolidated financial statements of theGroup were prepared in accordance with theIndonesian Financial Accounting Standards andapproved by the Directors on 20 February 2013.

Berikut ini adalah kebijakan akuntansi signifikanyang diterapkan dalam penyusunan laporankeuangan konsolidasian.

Presented below are the significant accountingpolicies adopted in preparing the consolidatedfinancial statements.

a. Dasar penyusunan laporan keuangankonsolidasian

a. Basis of preparation of consolidatedfinancial statements

Laporan keuangan konsolidasian disusunberdasarkan konsep biaya perolehan danatas dasar akrual, kecuali untuk laporan aruskas konsolidasian.

The consolidated financial statements areprepared based on the historical cost and theaccruals basis, except for the consolidatedstatements of cash flows.

Laporan arus kas konsolidasian disusunmenggunakan metode langsung denganmengklasifikasikan arus kas atas dasaraktivitas operasi, investasi dan pendanaan.

The consolidated statements of cash flowsare prepared based on the direct method byclassifying cash flows on the basis ofoperating, investing and financing activities.






stated)

2. IKHTISAR KEBIJAKAN AKUNTANSISIGNIFIKAN (lanjutan)

2. SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES (continued)

a. Dasar penyusunan laporan keuangankonsolidasian (lanjutan)

a. Basis of preparation of consolidatedfinancial statements (continued)

Penyusunan laporan keuangan konsolidasiansesuai dengan Standar Akuntansi KeuanganIndonesia mengharuskan manajemen untukmembuat estimasi dan asumsi yangmempengaruhi jumlah aset dan liabilitas danpengungkapan aset dan liabilitas kontinjensipada tanggal laporan keuangan konsolidasianserta jumlah pendapatan dan beban selamaperiode pelaporan. Hasil yang sebenarnyamungkin berbeda dari jumlah yang diestimasi.

The preparation of consolidated financialstatements in conformity with IndonesianFinancial Accounting Standards requiresmanagement to make estimates andassumptions that affect the reported amountsof assets and liabilities and disclosure ofcontingent assets and liabilities at the date ofthe consolidated financial statements and thereported amounts of revenues and expensesduring the reporting period. Actual resultscould differ from those estimates.

Mata uang fungsional Grup adalah Rupiah.Seluruh angka dalam laporan keuangankonsolidasian ini, kecuali dinyatakan lain,dibulatkan menjadi jutaan Rupiah yangterdekat.

The Group’s functional currency is Rupiah.Figures in the consolidated financialstatements are rounded to and stated inmillions of Rupiah, unless otherwise stated.

b. Prinsip-prinsip konsolidasi b. Principles of consolidation

Laporan keuangan konsolidasianmenggabungkan aset dan liabilitas padatanggal laporan posisi keuangan dan hasilusaha untuk tahun yang berakhir padatanggal-tanggal tersebut dari Perusahaan danentitas di mana Perusahaan memilikikemampuan untuk mengendalikan entitastersebut, baik secara langsung maupun tidaklangsung.

The consolidated financial statementsincorporate the assets and liabilities atstatements of financial position date andresults of operations for the years then endedof the Company and entities in which theCompany has the ability to control theentities, both directly or indirectly.

Kepentingan nonpengendali atas total labarugi komprehensif entitas anak diidentifikasisesuai proporsinya dan disajikan sebagaibagian dari total laba komprehensif yangdapat diatribusikan pada laporan laba rugikomprehensif konsolidasian. Kepentingannonpengendali atas aset neto entitas anakdiidentifikasi pada tanggal kombinasi bisnisyang selanjutnya disesuaikan denganproporsi atas perubahan ekuitas entitas anakdan disajikan sebagai bagian dari ekuitaspada laporan posisi keuangan konsolidasian.

Bila pengendalian atas suatu entitas diperolehdalam tahun berjalan, hasil usaha entitastersebut dimasukkan dalam laporan laba rugikomprehensif konsolidasian sejak tanggalpengendalian dimulai. Bila pengendalianberakhir dalam tahun berjalan, hasil usahaentitas tersebut dimasukkan ke dalam laporanlaba rugi komprehensif konsolidasian untukbagian tahun dimana pengendalian masihberlangsung.

Non-controlling interests in the totalcomprehensive income of subsidiaries isidentified at its portion and presented as partof total attributable comprehensive income inthe consolidated statements ofcomprehensive income. Non-controllinginterests in the net assets of subsidiaries isidentified at the date of business combinationafterwards adjusted by proportion of changesin equity of subsidiaries and presented as partof equity in the consolidated statements offinancial position.

Where control of an entity is obtained during afinancial year, its results are included in theconsolidated statements of comprehensiveincome from the date on which controlcommences. Where control ceases during afinancial year, its results are included in theconsolidated statements of comprehensiveincome for the part of the year during whichcontrol existed.






stated)



b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)

Kebijakan akuntansi yang dipakai dalampenyajian laporan keuangan konsolidasiandalam semua hal yang material telahditerapkan secara konsisten oleh entitasanak.

The accounting policies adopted in preparingthe consolidated financial statements in allmaterial respects have been consistentlyapplied by the subsidiaries.

Seluruh transaksi dan saldo yang materialantara perusahaan-perusahaan yangdikonsolidasikan telah dieliminasi dalampenyajian laporan keuangan konsolidasian.

All material transactions and balancesbetween consolidated companies have beeneliminated in preparing the consolidatedfinancial statements.

Goodwill merupakan selisih lebih yang tidakteridentifikasikan antara jumlah hargaperolehan investasi dengan proporsi nilaiwajar aset bersih entitas anak pada tanggalakuisisi. Goodwill tidak diamortisasi dandilakukan uji penurunan nilai setiap tahun(lihat Catatan 2v).

Goodwill represents unidentified excess oftotal investment cost over the proportionateunderlying fair value of the acquiredsubsidiary’s net assets at the acquisition date.Goodwill is not amortised and tested forimpairment annually (see Note 2v).

Transaksi restrukturisasi antar entitassepengendali dicatat dengan menggunakanmetode yang serupa dengan metodepenyatuan kepemilikan. Selisih antara nilaiperolehan investasi dengan proporsi nilaibuku aset bersih entitas anak yang diakuisisidicatat dalam akun “Selisih nilai transaksirestrukturisasi antar entitas sepengendali”dalam bagian ekuitas pada laporan posisikeuangan konsolidasian.

Restructuring transactions for entities undercommon control are accounted for usinga method similar as the pooling of interestmethod. The difference between theinvestment cost and the proportionate bookvalue of the acquired subsidiary’s net assetsis recorded as “Difference in value ofrestructuring transactions among entitiesunder common control” under the equitysection of the consolidated statements offinancial position.

c. Kas dan setara kas c. Cash and cash equivalents

Kas dan setara kas mencakup kas, bank daninvestasi jangka pendek yang jatuh tempodalam waktu tiga bulan atau kurang.

Cash and cash equivalents include cash onhand, cash in banks and short-terminvestments with a maturity of three monthsor less.

d. Piutang usaha dan piutang lain-lain d. Trade and other receivables

Piutang usaha dan piutang lain-lain padaawalnya diakui sebesar nilai wajar danselanjutnya diukur pada biaya perolehandiamortisasi dengan menggunakan metodesuku bunga efektif, kecuali jika efekdiskontonya tidak material, setelah dikurangipenyisihan penurunan nilai yang dibentukberdasarkan bukti obyektif bahwa saldopiutang mengalami penurunan nilai.Penyisihan penurunan nilai dihapuskan dalamtahun dimana piutang tersebut dipastikantidak tertagih.

Trade and other receivables are initiallyrecognised at fair value and subsequentlymeasured at amortised cost using theeffective interest method, unless the effect ofdiscounting is immaterial, less provision forimpairment, which is established based on anobjective evidence that the outstandingamounts is impaired. Provisions of impairmentare written-off during the period in which theyare determined to be not collectible.






stated)



e. Persediaan e. Inventories

Persediaan diakui sebesar nilai yang lebihrendah antara harga perolehan dan nilairealisasi bersih.

Inventories are stated at the lower of cost ornet realisable value.

Harga perolehan barang jadi terdiri darisemua biaya yang terjadi di perkebunantermasuk alokasi biaya tidak langsungperkebunan dengan luas hektar tertanamsebagai dasar alokasi dan biaya pengolahan.

Cost of finished goods comprises all costsincurred in estates including an allocation ofindirect costs of the plantation using plantedhectares as a basis of allocation andprocessing costs.

Nilai realisasi bersih adalah estimasi hargapenjualan dalam kegiatan usaha biasadikurangi taksiran biaya penyelesaian danbiaya penjualan.

Net realisable value is the estimated sellingprice in the ordinary course of business lessestimation of the cost of completion andselling expenses.

Harga perolehan barang jadi ditentukandengan metode rata-rata tertimbang. Hargaperolehan bahan penunjang ditentukandengan metode rata-rata bergerak.

Cost of finished goods is determined usingthe weighted-average method. Cost ofsupplies is determined using themoving-average method.

Penyisihan untuk penurunan nilai persediaanditentukan berdasarkan penelaahan terhadapkeadaan persediaan.

Provision for decline in value of inventory ismade based on a review of the condition ofthe inventories.

f. Tanaman perkebunan f. Plantations

Tanaman belum menghasilkan dinyatakansebesar harga perolehan yang meliputi biayapersiapan lahan, penanaman, pemupukandan pemeliharaan termasuk kapitalisasi biayapinjaman yang digunakan untuk membiayaipengembangan tanaman belummenghasilkan dan biaya tidak langsunglainnya yang dialokasikan berdasarkan luashektar tertanam. Pada saat tanaman sudahmenghasilkan, akumulasi harga perolehantersebut akan direklasifikasi ke tanamanmenghasilkan.

Immature plantations are stated at acquisitioncosts which include costs incurred for fieldpreparation, planting, fertilising andmaintenance, including the capitalisation ofborrowing costs incurred on loans used tofinance the development of immatureplantations and allocation of other indirectcosts based on planted hectares. When theplantations are mature, the accumulatedcosts are reclassified to mature plantations.

Penyusutan tanaman menghasilkan dimulaipada tahun tanaman tersebut menghasilkandengan menggunakan metode garis lurusselama taksiran masa manfaat ekonomisyaitu 20 tahun. Tanaman kelapa sawitdinyatakan menghasilkan bila telah berumurtiga sampai dengan empat tahun yang padaumumnya telah menghasilkan TBS rata-rataempat sampai dengan enam ton per hektardalam satu tahun. Tanaman karet dinyatakanmenghasilkan bila telah berumur lima sampaidengan enam tahun.

Depreciation of mature plantationscommences in the year when the plantationsare mature using the straight-line methodover the estimated useful life of 20 years. Oilpalm plantations are considered mature withinthree to four years after planting andgenerating average annual FFB of four to sixtons per hectare. Rubber plantations areconsidered mature within five to six yearsafter planting.






stated)



g. Aset tetap g. Fixed assets

Semua kelompok aset tetap dinyatakanberdasarkan harga perolehan (Model Biaya)dikurangi akumulasi penyusutan, kecualitanah tidak disusutkan. Beban yang timbulsehubungan perolehan hak atas tanah untukyang pertama kali diakui sebagai bagian dariharga perolehan tanah. Penyusutan dihitungdengan menggunakan metode garis lurusselama taksiran masa manfaat ekonomissebagai berikut:

The whole class of fixed assets are stated athistorical cost (Cost Model) less accumulateddepreciation, except land is not depreciated.Costs incurred in association with obtainingland right at the first time are recognised aspart of the land acquisition costs.Depreciation is computed using the straight-line method over the following estimateduseful lives:

Tahun/Years

Prasarana jalan dan jembatan 20 Roads and bridgesBangunan, instalasi dan mesin 20 Buildings, installations and machineryMesin dan peralatan 5 dan/and 20 Machinery and equipmentAlat pengangkutan 5 VehiclesPeralatan kantor dan perumahan 5 Office and housing equipment

Nilai residu, metode penyusutan dan masamanfaat ekonomis aset tetap ditinjau kembalidan disesuaikan, jika perlu, pada setiaptanggal laporan posisi keuangan.

The residual value, depreciation method andestimated useful lives of fixed assets arereviewed and adjusted, if appropriate, at eachstatements of financial position date.

Biaya-biaya setelah perolehan awal diakuisebagai bagian dari nilai tercatat aset tetapatau sebagai aset yang terpisah hanyaapabila kemungkinan besar manfaatekonomis sehubungan dengan aset tersebutdi masa mendatang akan mengalir ke Grupdan biaya perolehannya dapat diukur secaraandal. Jumlah tercatat komponen yangdiganti, dihapusbukukan. Biaya pemeliharaandan perbaikan lainnya dibebankan di laporanlaba rugi komprehensif konsolidasian padasaat terjadinya.

Subsequent costs are included in the fixedassets’ carrying amount or recognised as aseparate asset, as appropriate, only when it isprobable that future economic benefitsassociated with the item will flow to the Groupand the cost of the item can be measuredreliably. The carrying amount of the replacedpart is derecognised. All other repairs andmaintenance are charged to the consolidatedstatements of comprehensive income asincurred.

Apabila aset tetap tidak digunakan lagi ataudijual, maka nilai tercatat dan akumulasipenyusutannya dikeluarkan dari laporankeuangan konsolidasian, serta keuntungandan kerugian yang dihasilkan diakui dalamlaporan laba rugi komprehensif konsolidasian.

When assets are retired or otherwisedisposed of, their carrying values and therelated accumulated depreciation areeliminated from the consolidated financialstatements, and the resulting gains andlosses are recognised in the consolidatedstatements of comprehensive income.

Aset dalam penyelesaian dinyatakan sebesarharga perolehan dan disajikan sebagai bagiandari aset tetap. Akumulasi harga perolehanakan direklasifikasi ke masing-masing asettetap pada saat aset tersebut selesaidikerjakan dan siap digunakan, danpenyusutan mulai dibebankan pada saat itu.

Construction in progress is stated at cost andpresented as part of fixed assets. Theaccumulated costs are reclassified to theappropriate fixed assets accounts when theconstruction is substantially completed andthe asset is ready for its intended use, andthe depreciation is charged from such dateaccordingly.






stated)



h. Perkebunan plasma h. Plasma plantations

Biaya-biaya yang terjadi dalampengembangan perkebunan plasma sampaiperkebunan tersebut siap diserah-terimakandikapitalisasi ke akun perkebunan plasma.Pengembangan perkebunan plasma dibiayaioleh kredit investasi perkebunan plasma daribank atau pembiayaan sendiri.

Costs incurred during development up tohand over of the plasma plantations arecapitalised to plasma plantations.Development of the plasma plantations isfinanced by plasma plantation investmentcredits from the banks or self-financing.

Selisih antara akumulasi biayapengembangan perkebunan plasma dengannilai serah-terimanya dibebankan padalaporan laba rugi komprehensif konsolidasian.

The difference between the accumulatedplasma plantation development costs andtheir hand over value is charged to theconsolidated statements of comprehensiveincome.

i. Penurunan nilai aset nonkeuangan i. Impairment of non-financial assets

Aset tetap dan aset tidak lancar lainnya,termasuk aset takberwujud, ditelaah untukmengetahui apakah telah terjadi penurunannilai bilamana terdapat kejadian atauperubahan keadaan yang mengindikasikanbahwa nilai tercatat aset tesebut tidak dapatdiperoleh kembali. Kerugian akibat penurunannilai diakui sebesar selisih antara nilai tercatataset dengan nilai yang dapat diperolehkembali dari aset tersebut.

Fixed assets and other non-current assets,including intangible assets, are reviewed forimpairment whenever events or changes incircumstances indicate that the carryingamount may not be recoverable. Animpairment loss is recognised for the amountby which the carrying amount of the assetexceeds its recoverable amount.

Nilai yang dapat diperoleh kembali adalahnilai yang lebih tinggi antara nilai wajardikurangi biaya untuk menjual dan nilai pakaiaset. Dalam rangka mengukur penurunannilai, aset dikelompokkan hingga unit terkecil;yang menghasilkan arus kas terpisah.

Recoverable amount is the higher of its fairvalue less cost to sell and its value in use ofthe assets. For the purposes of assessingimpairment, assets are grouped at the lowestlevels for which there are separatelyidentifiable cash flows.

Setiap tanggal pelaporan, aset nonkeuangan,selain goodwill, yang telah mengalamipenurunan nilai ditelaah untuk menentukanapakah terdapat kemungkinan pemulihanpenurunan nilai. Jika terjadi pemulihan nilai,maka langsung diakui dalam laba rugi, tetapitidak boleh melebihi akumulasi rugipenurunan nilai yang telah diakuisebelumnya.

At each reporting date, non-financial assets,other than goodwill, that suffered impairmentare reviewed for possible reversal of theimpairment. Recoverable amount isimmediately recognised in profit or loss, butnot in excess of any accumulated impairmentloss previously recognised.






stated)



j. Beban tangguhan j. Deferred charges

Beban yang timbul untuk perpanjangan hakatas tanah ditangguhkan dan diamortisasidengan metode garis lurus selama periodehak atas tanah.

Costs incurred in association with theextension of land rights are deferred andamortised using the straight-line method overthe period of the land rights.

k. Utang usaha dan liabilitas lain-lain k. Trade payables and other liabilities

Utang usaha dan liabilitas lain-lain padaawalnya diakui sebesar nilai wajar danselanjutnya diukur pada biaya perolehandiamortisasi dengan menggunakan metodesuku bunga efektif, kecuali jika efekdiskontonya tidak material.

Trade payables and other liabilities areinitially recognised at fair value andsubsequently measured at amortised costusing the effective interest method, unless theeffect of discounting is immaterial.

l. Pengakuan pendapatan dan beban l. Revenue and expense recognition

Pendapatan bersih adalah pendapatan Grupyang diperoleh dari penjualan barang jadisetelah dikurangi diskon, retur, potonganpenjualan, dan pajak ekspor.

Net revenue represent revenue earned fromthe sales of the Group’s finished goods net ofdiscounts, returns, trade allowances, andexport tax.

Pendapatan dari penjualan barang jadi diakuipada saat risiko dan manfaat kepemilikanbarang secara signifikan telah berpindahkepada pelanggan.

Revenue from the sales of finished goods isrecognised when the significant risks andrewards of ownership of the goods have beentransferred to the customers.

Beban diakui pada saat terjadinya (basisakrual).

Expenses are recognised when incurred(accrual basis).

m. Penjabaran mata uang asing m. Foreign currency translation

Transaksi dalam mata uang asing dijabarkanke mata uang Rupiah dengan menggunakankurs yang berlaku pada tanggal transaksi.Pada tanggal laporan posisi keuangan, asetdan liabilitas moneter dalam mata uang asingdijabarkan dengan kurs yang berlaku saat itu.

Transactions denominated in foreign currencyare translated into Rupiah at the exchangerates prevailing at the date of thetransactions. At the statements of financialposition date, monetary assets and liabilitiesin foreign currency are translated at theprevailing exchange rates at that date.

Keuntungan dan kerugian selisih kurs yangtimbul dari transaksi dalam mata uang asingdan penjabaran aset dan liabilitas moneterdalam mata uang asing, diakui pada laporanlaba rugi komprehensif konsolidasian.

Exchange gains and losses arising on foreigncurrency transactions and on the translationof foreign currency monetary assets andliabilities are recognised in the consolidatedstatements of comprehensive income.

Mata uang asing utama yang digunakanadalah dolar Amerika Serikat (“AS$”), dimanakurs pada tanggal laporan posisi keuangankonsolidasian adalah Rp 9.670 (Rupiahpenuh) (2011: Rp 9.068 (Rupiah penuh))untuk setiap satu dolar.

The main foreign currency used is UnitedStates dollar (“US$”), for which the exchangerates at the consolidated statements offinancial position dates are Rp 9,670 (fullamount) (2011: Rp 9,068 (full amount)) forone dollar.






stated)



n. Transaksi dengan pihak berelasi n. Transactions with related parties

Perusahaan dan entitas anak mempunyaitransaksi dengan pihak berelasi. Definisipihak berelasi yang dipakai adalah sesuaidengan Pernyataan Standar AkuntansiKeuangan (PSAK) No. 7 (Revisi 2010),“Pengungkapan Pihak-Pihak Berelasi”.

The Company and subsidiaries havetransactions with related parties. Thedefinition of related parties used is inaccordance with the Indonesian Statement ofFinancial Accounting Standard (PSAK) No. 7(Revised 2010), “Related Party Disclosures”.

Seluruh transaksi yang material dengan pihakberelasi telah diungkapkan dalam catatanatas laporan keuangan konsolidasian.

All material transactions with related partiesare disclosed in the notes to the consolidatedfinancial statements.

o. Pajak penghasilan o. Income taxes

Pajak penghasilan badan dihitung untuksetiap perusahaan sebagai badan hukumyang berdiri sendiri.

Corporate income tax is calculated for eachcompany as a separate legal entity.

Semua perbedaan temporer antara jumlahtercatat aset dan liabilitas dengan dasarpengenaan pajaknya diakui sebagai pajaktangguhan dengan menggunakan balancesheet liability method. Tarif pajak yangberlaku atau yang secara substantif berlakusaat ini dipakai untuk menentukan pajaktangguhan.

Deferred income tax is provided for temporarydifferences arising between the tax bases ofassets and liabilities, and their carrying valuesfor financial reporting purposes, using thebalance sheet liability method. Currentlyenacted or substantially enacted tax rates areused to determine deferred income tax.

Pengakuan pajak tangguhan atas perbedaantemporer yang dapat berupa aset atauliabilitas dan pengakuan aset pajaktangguhan dari akumulasi rugi pajak disajikandalam jumlah bersih untuk masing-masingentitas.

The deferred tax recognition of temporarydifferences, which individually is either anasset or a liability and the recognition of adeferred tax asset from tax loss carryforwardsare presented as a net amount for eachentity.

Aset pajak tangguhan diakui apabila besarkemungkinan jumlah penghasilan kena pajakdi masa mendatang akan memadai untukdikompensasi dengan perbedaan temporeryang dapat dikurangkan dan saldo rugi fiskalyang masih dapat dimanfaatkan.

Deferred tax assets are recognised to theextent that it is probable that future taxableincome will be available against which thedeductible temporary differences and tax losscarryforwards can be utilised.

p. Pinjaman p. Borrowings

Pada saat pengakuan awal, pinjaman diakuisebesar nilai wajar, dikurangi dengan biaya-biaya transaksi yang terjadi. Selanjutnya,pinjaman diukur pada biaya perolehandiamortisasi dengan menggunakan metodesuku bunga efektif.

Borrowings are initially recognised at fairvalue, net of transaction cost incurred.Subsequently, borrowings are stated atamortised cost using the effective interestmethod.






stated)



p. Pinjaman (lanjutan) p. Borrowings (continued)

Biaya pinjaman yang dapat diatribusikansecara langsung dengan akuisisi ataukonstruksi aset kualifikasian (“qualifyingasset”), dikapitalisasi sehingga aset tersebutselesai secara substansial. Biaya pinjamanlainnya diakui sebagai beban pada periodeterjadinya.

Borrowing costs, which are directlyattributable to the acquisition or constructionof a qualifying asset, are capitalised until theasset is substantially completed. All otherborrowing costs are recognised in profit orloss in the period in which they are incurred.

Pinjaman diklasifikasikan sebagai liabilitasjangka pendek kecuali yang akan jatuh tempodalam waktu lebih dari 12 bulan setelahperiode pelaporan.

Borrowings are classified under currentliabilities unless their maturities are more than12 months after the reporting period.

q. Provisi q. Provisions

Provisi diakui apabila Grup memiliki kewajibanhukum maupun konstruktif sebagai akibatperistiwa masa lalu, dan besar kemungkinanpenyelesaian kewajiban tersebutmengakibatkan arus keluar sumber daya danjumlahnya dapat diestimasi secara andal.Provisi tidak diakui untuk kerugian operasimasa depan.

Provisions are recognised when the Grouphas a present legal or constructive obligationas a result of past events and it is probablethat an outflow of resources embodyingeconomic benefits will be required to settlethe obligation and a reliable estimate can bemade of the amount of the obligation.Provisions are not recognised for futureoperating losses.

r. Imbalan kerja r. Employee benefits

Imbalan kerja jangka pendek Short-term employee benefits

Imbalan kerja jangka pendek diakui pada saatterutang kepada karyawan.

Short-term employee benefits are recognisedwhen they accrue to the employees.

Imbalan pensiun dan imbalan pascakerjalainnya

Pension benefits and other post-employment benefits

Grup memiliki program imbalan pasti daniuran pasti.

The Group has defined benefit and definedcontribution pension plans.

Kewajiban imbalan pensiun merupakan nilaikini kewajiban imbalan pasti pada tanggallaporan posisi keuangan dikurangi dengannilai wajar aset program dan penyesuaianatas biaya jasa lalu yang belum diakui.Kewajiban imbalan pasti dihitung sekalisetahun oleh aktuaris independen denganmenggunakan metode projected unit credit.

The pension benefit obligation is the presentvalue of the defined benefit obligation at thestatements of financial position date less thefair value of plan assets, and is adjusted byunrecognised past service costs. The definedbenefit obligation is calculated annually byindependent actuary using the projected unitcredit method.






stated)



r. Imbalan kerja (lanjutan) r. Employee benefits (continued)

Imbalan pensiun dan imbalan pascakerjalainnya (lanjutan)

Pension benefits and other post-employment benefits (continued)

Nilai kini kewajiban imbalan pasti ditentukandengan mendiskontokan estimasi arus kasmasa depan dengan menggunakan tingkatbunga obligasi pemerintah jangka panjangpada tanggal laporan posisi keuangan dalammata uang Rupiah sesuai dengan mata uangdi mana imbalan tersebut akan dibayarkandan yang memiliki jangka waktu yang samadengan kewajiban imbalan pensiun yangbersangkutan.

The present value of the defined benefitobligation is determined by discounting theestimated future cash outflows using the yieldat the statements of financial position date oflong-term government bonds denominated inRupiah in which the benefits will be paid andthat have terms to maturity similar to therelated pension benefit obligation.

Grup diharuskan menyediakan imbalanpensiun minimum yang diatur dalam UU No.13/2003, yang merupakan kewajiban imbalankerja. Jika imbalan pensiun sesuai denganUU No. 13/2003 lebih besar dari programpensiun yang ada, selisih tersebut diakuisebagai bagian dari kewajiban imbalanpensiun.

The Group are required to provide a minimumpension benefit as stipulated in the Law No.13/2003, which represents an underlyingdefined benefit obligation. If the pensionbenefits based on Law 13/2003 are higherthan those based on the existing pensionplan, the difference is recorded as part of thepension benefits obligation.

Keuntungan dan kerugian aktuarial yangtimbul dari penyesuaian dan perubahandalam asumsi-asumsi aktuarial dibebankanatau dikreditkan seluruhnya melaluipendapatan komprehensif lain dan dilaporkandalam saldo laba (lihat Catatan 2v).

Actuarial gains and losses arising fromexperience adjustments and changes inactuarial assumptions are fully charged orcredited through other comprehensive incomeand reported in retained earnings (see Note2v).

Biaya jasa lalu diakui secara langsung dilaporan laba rugi komprehensif konsolidasian,kecuali perubahan terhadap program pensiunmensyaratkan karyawan yang bersangkutantetap bekerja selama periode waktu tertentu.Dalam hal ini, biaya jasa lalu akandiamortisasi secara garis lurus sepanjangperiode tersebut.

Past service costs are recognisedimmediately in the consolidated statements ofcomprehensive income, unless the changesto the pension plan are conditional on theemployees remaining in service for aspecified period of time. In this case, the past-service costs are amortised on a straight-linebasis over that period.

Grup memberikan imbalan pascakerjalainnya, seperti uang pisah, uangpenghargaan, uang kompensasi dan masapersiapan pensiun.

The Group provides other post-employmentbenefits such as severance pay, service pay,compensation pay and retirement preparationleave.

Hak atas imbalan ini pada umumnya diberikanapabila karyawan bekerja hingga mencapaiusia pensiun dan memenuhi masa kerjatertentu. Estimasi biaya imbalan inidicadangkan sepanjang masa kerjakaryawan, dengan menggunakan metodeakuntansi yang sama dengan metode yangdigunakan dalam perhitungan programpensiun imbalan pasti.

The entitlement to these benefits is usuallybased on the employee remaining in serviceup to retirement age and the completion of aqualifying service period. The expected costsof these benefits are accrued over the periodof employment, using an accountingmethodology similar to that used for thedefined benefit pension plan.






stated)



r. Imbalan kerja (lanjutan) r. Employee benefits (continued)

Imbalan kerja jangka panjang lainnya Other long-term employee benefits

Imbalan jangka panjang lain seperti cutiberimbalan jangka panjang dan penghargaanjubilee diberikan berdasarkan peraturan Grupdan dihitung dengan metode projected unitcredit dan didiskontokan ke nilai kini.

Other long-term benefits such as longservice leave and jubilee awards are grantedbased on the Group’s regulations andcalculated using the projected unit credit anddiscounted to present value.

s. Laba per saham s. Earnings per share

Laba per saham dasar dihitung denganmembagi laba yang dapat diatribusikankepada pemilik Perusahaan dengan rata-ratatertimbang jumlah saham yang beredar dalamtahun yang bersangkutan.

Basic earnings per share is calculated bydividing profit attributable to the owners of theCompany by the weighted average number ofshares outstanding during the year.

Laba per saham dilusian dihitung denganmembagi laba yang dapat diatribusikankepada pemilik Perusahaan dengan rata-ratatertimbang jumlah saham yang beredarditambah dengan rata-rata tertimbang jumlahsaham yang akan diterbitkan atas konversiefek berpotensi saham yang bersifat dilutif.

Diluted earnings per share is calculated bydividing profit attributable to the owners of theCompany by the weighted average number ofshares outstanding plus the weighted averagenumber of shares outstanding which would beissued on the conversion of the dilutivepotential shares.

t. Dividen t. Dividends

Pembagian dividen final diakui sebagaikewajiban ketika dividen tersebut disetujuiRapat Umum Pemegang Saham Perusahaan.Pembagian dividen interim diakui sebagaikewajiban ketika dividen diputuskan olehRapat Direksi dan disetujui oleh DewanKomisaris.

Final dividend distributions are recognised asa liability when the dividends are approved inthe Company’s General Meeting of theShareholders. Interim dividend distributionsare recognised as a liability when thedividends are decided by the Director’smeeting and approved by the Board ofCommissioners.

u. Pelaporan segmen u. Segment reporting

Segmen operasi dilaporkan dengan cara yangkonsisten dengan pelaporan internal yangdiberikan kepada pengambil keputusanoperasional yang bertanggung jawab untukmengalokasikan sumber daya, menilai kinerjasegmen operasi dan membuat keputusanstrategis.

Operating segments are reported in a mannerconsistent with the internal reporting providedto the chief operating decision-makerresponsible for allocating resources,assessing performance of the operatingsegments and making strategic decisions.






stated)



v. Penerapan pernyataan dan interpretasistandar akuntansi baru

v. The implementation of new statement andinterpretation of accounting standards

Grup melakukan penerapan revisi pernyataanstandar akuntansi keuangan (PSAK) daninterpretasi standar akuntansi keuangan(ISAK) yang efektif telah berlaku. BerikutPSAK dan ISAK yang relevan dan berdampakpada laporan keuangan konsolidasian Grup:

The Group adopted the revised statements offinancial accounting standards (PSAK) andinterpretation of financial accounting standard(ISAK), which have been enacted effectively.Below are the PSAK and ISAK which arerelevant and resulting an effect to the Group’sconsolidated financial statements:

Berdasarkan PSAK No. 24 (Revisi 2010)‘Imbalan Kerja’, sejak 1 Januari 2012 Grupmemutuskan untuk mengakui seluruhkeuntungan/kerugian aktuarial sebesar Rp46.770 juta dan pajak tangguhan terkaitsebesar Rp 11.693 juta sebagai bagian daripendapatan komprehensif lain pada laporanlaba rugi komprehensif konsolidasian.

Based on PSAK No. 24 (Revised 2010)‘Employee Benefits’, since 1 January 2012,the Group decided to fully record actuarialgain/loss amounting to Rp 46,770 million andits related deferred tax amounting toRp 11,693 million as part of othercomprehensive income in the consolidatedstatement of comprehensive income.

Berdasarkan ISAK No. 25 ‘Hak atas Tanah’,biaya untuk mendapatkan hak legal atastanah ketika tanah diperoleh pertama kalidiakui sebagai bagian dari harga perolehantanah, oleh karenanya per 1 Januari 2012Grup mereklasifikasi nilai buku bebanditangguhkan – hak atas tanah sebesar Rp112.201 juta ke aset tetap – tanah.

Based on ISAK No. 25 ‘Land Rights’, costsincurred in association with obtaining landrights at the first time are recognised as partof the land acquisition costs, therefore as at1 January 2012 Group had reclassified thebook value of deferred charges – land rightsamounting to Rp 112,201 million to fixedassets – land.

Berdasarkan PSAK No. 22 (Revisi 2010)‘Kombinasi Bisnis’, sejak 1 Januari 2011Perusahaan menghentikan amortisasigoodwill dan akumulasi amortisasinyasebesar Rp 63.202 juta dieliminasi denganharga perolehan goodwill, serta menghentikanpengakuan goodwill negatif danmenyesuaikannya terhadap saldo laba1 Januari 2011 sebesar Rp 2.624 juta.

Based on PSAK No. 22 (Revised 2010)‘Business Combinations’, since 1 January2011, the Company had ceased goodwillamortisation and the accumulatedamortisation amounting to Rp 63,202 millionwas eliminated with the goodwill acquisitioncost, the negative goodwill amounting to Rp2,624 million was derecognised and adjustedto the 1 January 2011 retained earnings.

3. AKUISISI ENTITAS ANAK 3. ACQUISITION OF SUBSIDIARY

Pada bulan Mei 2011, Perusahaan menandatanganiperjanjian jual beli saham dengan pihak ketiga untukmengakuisisi 100% kepemilikan PT Tri Buana Mas(“TBM”) sebesar Rp 34.779 juta. Nilai akuisisitersebut merupakan nilai wajar aset yang diperoleh,yaitu berupa perijinan untuk memperoleh hak atastanah. Tidak ada goodwill yang timbul dari transaksiini.

In May 2011, the Company entered into share saleand purchase agreements with third parties toacquire 100% interest in PT Tri Buana Mas(“TBM”) amounting to Rp 34,779 million. Theacquisition amount is the fair value of assetacquired which represents the license to obtain theland right. There is no goodwill arising from thistransaction.






stated)

4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS

2012 2011

Kas 2,676 3,805 Cash on hand

Bank Cash in banksPihak ketiga Third parties

Rupiah RupiahPT Bank Rakyat PT Bank Rakyat

Indonesia Tbk 30,160 10,989 Indonesia TbkPT Bank Mandiri Tbk 11,439 10,958 PT Bank Mandiri TbkPT Bank Negara PT Bank Negara

Indonesia Tbk 9,103 25,499 Indonesia TbkPT Bank Rabobank PT Bank Rabobank

International Indonesia 6,704 90,907 International IndonesiaPT Bank Pan Indonesia Tbk 6,334 170 PT Bank Pan Indonesia TbkPT Bank Sulawesi Tengah 4,466 4,209 PT Bank Sulawesi TengahPT Bank DBS Indonesia 35 766 PT Bank DBS IndonesiaThe Hongkong and Shanghai The Hongkong and Shanghai

Bank Corporation Ltd 3 4,404 Bank Corporation LtdBank lainnya 271 207 Other banks

68,515 148,109

Mata uang asing Foreign currencyPT Bank Rabobank PT Bank Rabobank

International Indonesia 7,405 661 International IndonesiaPT Bank Rakyat PT Bank Rakyat

Indonesia Tbk 1,375 52 Indonesia TbkPT Bank Pan Indonesia Tbk 445 429 PT Bank Pan Indonesia TbkPT Bank DBS Indonesia 368 276 PT Bank DBS IndonesiaThe Hongkong and Shanghai The Hongkong and Shanghai

Bank Corporation Ltd 279 262 Bank Corporation LtdBank lainnya 568 544 Other banks

10,440 2,224

Deposito berjangka Time depositsPihak ketiga Third parties

Rupiah RupiahPT Bank Rakyat PT Bank Rakyat

Indonesia Tbk - 96,485 Indonesia TbkPT Bank DBS Indonesia - 50,000 PT Bank DBS IndonesiaPT Bank Mega Tbk - 50,000 PT Bank Mega TbkPT Bank Pan Indonesia Tbk - 47,435 PT Bank Pan Indonesia TbkPT Bank Mega Syariah - 22,060 PT Bank Mega Syariah

- 265,980






stated)

4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)

2012 2011

Deposito berjangka (lanjutan) Time deposits (continued)Pihak ketiga (lanjutan) Third parties (continued)

Mata uang asing Foreign currencyPT Bank ICBC Indonesia - 83,499 PT Bank ICBC IndonesiaPT Bank UOB Indonesia - 27,204 PT Bank UOB IndonesiaPT Bank Rakyat PT Bank Rakyat

Indonesia Tbk - 18,143 Indonesia Tbk

- 128,846

Pihak berelasi Related party(lihat Catatan 6c) 146,138 289,226 (see Note 6c)

227,769 838,190

Suku bunga tahunan deposito berjangka berkisarsebagai berikut:

The annual interest rates for time deposits were inthe following ranges:

2012 2011Deposito berjangka Time deposits

Rupiah 3.00% - 7.50% 6.00% - 8.35% RupiahMata uang asing 0.30% - 3.00% 2.00% - 3.00% Foreign currency

5. PIUTANG USAHA 5. TRADE RECEIVABLES

2012 2011Pihak ketiga Third parties

Rupiah 23,805 400 RupiahMata uang asing 33,192 20,719 Foreign currency

56,997 21,119Dikurangi: penyisihan penurunan

nilai (16,780) (15,745) Less: provision for impairment

40,217 5,374

Rincian menurut pelanggan: Detail by customer:

2012 2011

PT Antang Ganda Utama 20,511 - PT Antang Ganda UtamaTrump Asia Pacific Corp. Ltd. 16,632 15,597 Trump Asia Pacific Corp. Ltd.Josovina Commodities Sdn. Bhd. 14,164 - Josovina Commodities Sdn. Bhd.PT Swakarsa Sinarsentosa 2,797 - PT Swakarsa SinarsentosaPT Mega Surya Mas 218 1,983 PT Mega Surya MasKLK Premier Oils Sdn. Bhd. - 1,597 KLK Premier Oils Sdn. Bhd.Lainnya < Rp 1 miliar 2,675 1,942 Others < Rp 1 billion



40,217 5,374






stated)

5. PIUTANG USAHA (lanjutan) 5. TRADE RECEIVABLES (continued)

Ringkasan umur piutang usaha adalah sebagaiberikut:

A summary of the aging of trade receivables is asfollows:

2012 2011

Kurang dari satu bulan 18,568 1,752 Less than one monthSatu sampai dua bulan 21,103 1,903 One to two monthsLebih dari dua bulan 17,326 17,464 More than two months



40,217 5,374

Mutasi penyisihan penurunan nilai adalah sebagaiberikut:

Movements of the provision for impairment are asfollows:

2012 2011

Saldo awal 15,745 16,316 Beginning balancePenambahan/(pengurangan) 1,035 (571) Addition/ (deduction)

Saldo akhir 16,780 15,745 Ending balance

Penyisihan penurunan nilai ditinjau secara berkalaterhadap kemungkinan debitur mengalamikesulitan keuangan yang signifikan, mengalamipailit, wanprestasi atau tunggakan pembayaran.

Provision for impairment are reviewed periodicallyfor the possibility of debtor facing significantfinancial difficulties, entering bankruptcy, paymentdefault or delinquent payment.

Manajemen berkeyakinan bahwa penyisihanpenurunan nilai memadai untuk menutupi kerugiandari piutang yang tak tertagih.

Management believes that the provision forimpairment is adequate to cover losses fromuncollectible trade receivables.

6. INFORMASI MENGENAI PIHAK BERELASI 6. RELATED PARTY INFORMATION

a. Sifat hubungan dan transaksi dengan pihak-pihak berelasi

a. Nature of relationships and transactionswith related parties

Pihak-pihak berelasi/ Sifat hubungan/ Transaksi yang signifikan/Related parties Nature of relationship Significant transactions

PT Astra International Tbk (AI) Pemegang saham mayoritas Pembelian alat pengangkutanPerusahaan/Major shareholder dan suku cadang/ Purchases ofof the Company vehicles and spare parts

PT United Tractors Tbk (UT) Pemegang saham mayoritas Pembelian peralatan dan sukuyang sama/The same major cadang/Purchases of equipmentshareholder and spare parts

PT Bina Pertiwi (BNP) Entitas anak PT UT/ Pembelian peralatan dan sukuA subsidiary of PT UT cadang/Purchases of equipment

and spare parts

PT Traktor Nusantara (TN) Entitas asosiasi PT AI/ Pembelian peralatan dan sukuAn associate company of PT AI cadang/Purchases of equipment

and spare parts

PT Swadaya Harapan Nusantara (SHN) Entitas anak PT TN/ Pembelian peralatan dan sukuA subsidiary of PT TN cadang/Purchases of equipment

and spare parts






stated)

6. INFORMASI MENGENAI PIHAK BERELASI(lanjutan)

6. RELATED PARTY INFORMATION (continued)

a. Sifat hubungan dan transaksi dengan pihak-pihak berelasi (lanjutan)

a. Nature of relationships and transactionswith related parties (continued)

Pihak-pihak berelasi/ Sifat hubungan / Transaksi yang signifikan/Related parties Nature of relationship Significant transactions

PT Serasi Autoraya (SAR) Pemegang saham mayoritas Penyewaan kendaraaan bermotor/yang sama/The same major Vehicles rental serviceshareholder

PT Serasi Shipping Indonesia (SSI) Entitas anak PT SAR/ Jasa pengangkutan/A subsidiary of PT SAR Transportation services

PT Bank Permata Tbk (BP) Entitas asosiasi PT AI/ Jasa perbankan/An associate company of PT AI Banking services

PT Astra Otoparts Tbk (AOP) Pemegang saham mayoritas Pembelian suku cadang kendaraan/yang sama/The same major Purchases of vehicle spare partsshareholder

PT Astra Graphia Tbk (AG) Pemegang saham mayoritas Pembelian peralatan/yang sama/The same major Purchases of equipmentshareholder

PT Astra Multi Trucks Indonesia (AMTI) Pemegang saham mayoritas Pembelian kendaraan /yang sama/The same major Purchases of vehiclesshareholder

Komisaris dan Direksi Perusahaandan Entitas Anak/ Personil manajemen kunci/ Kompensasi/

Commissioners and Directors Key management personnel Compensationof the Company and Subsidiaries

Dana Pensiun Astra 1 dan/and 2 Penyelenggara program imbalan Jasa penyelenggara program imbalanpascakerja Grup/ Pension Fund pascakerja/Post- employmentof the Group’s post-employment benefit plan servicesbenefit plan

b. Ikhtisar transaksi-transaksi signifikan denganpihak-pihak berelasi

b. Summary of significant transactions withrelated parties

2012 2011Pembelian alat pengangkutan, Purchases of vehicles,

peralatan, suku cadang equipment, sparepartsdan sewa kendaraan and vehicle rental chargedari AI, UT, BNP, TN, SHN, from AI, UT, BNP, TN, SHN,SAR, AOP, AG dan AMTI SAR, AOP, AG and AMTI(persentase dari beban (percentage of cost ofpokok pendapatan) 238,938 3% 198,306 3% revenue)

Jasa pengangkutan dari SSI Transportation service from SSI(persentase dari beban (percentage of sellingpenjualan) 8,534 2% 13,316 5% expenses)

Pendapatan bunga dari BP Interest income from BP(persentase dari (percentage of interestpenghasilan bunga) 11,885 54% 36,357 39% income)






stated)

6. INFORMASI MENGENAI PIHAK BERELASI(lanjutan)

6. RELATED PARTY INFORMATION (continued)

b. Ikhtisar transaksi-transaksi signifikan denganpihak-pihak berelasi (lanjutan)

b. Summary of significant transactions withrelated parties (continued)

Total kompensasi personil manajemen kunciyang berjumlah 39 orang (2011: 37 orang)adalah sebagai berikut:

Total compensation of 39 key managementpersonnel (2011: 37 personnel) are asfollows:

2012 2011

Imbalan jangka pendek 76,381 63,816 Short-term benefitsImbalan pascakerja dan Post-employment and

jangka panjang lainnya 6,312 9,365 other long-term benefits

82,693 73,181

Jumlah pembayaran yang dilakukan Grupkepada Dana Pensiun Astra adalah sebesarRp 54.874 juta (2011: Rp 43.117 juta).

Total payment made by the Group to DanaPensiun Astra amounted to Rp 54,874 million(2011: Rp 43,117 million)

c. Ikhtisar saldo hasil transaksi-transaksisignifikan dengan pihak-pihak berelasi

c. Summary of balances arising fromsignificant transactions with related parties

2012 2011Aset AssetsKas dan setara kas Cash and cash equivalentsPT Bank Permata Tbk PT Bank Permata Tbk- Bank Cash in bank -

Rupiah 127,286 54,104 RupiahMata uang asing 18,852 10,185 Foreign currency

- Deposito berjangka Time deposits -Rupiah - 200,000 RupiahMata uang asing - 24,937 Foreign currency

146,138 289,226

Persentase dari total aset 1% 3% Percentage of total assets

2012 2011Liabilitas LiabilitiesUtang usaha pihak Trade payables to related

berelasi (Rupiah) parties (Rupiah)- PT United Tractors Tbk 6,184 10,423 PT United Tractors Tbk -- PT Serasi Autoraya 3,735 67 PT Serasi Autoraya -- PT Astra Otoparts Tbk 2,498 85 PT Astra Otoparts Tbk -- PT Traktor Nusantara 1,957 3,828 PT Traktor Nusantara -- PT Bina Pertiwi 1,340 1,656 PT Bina Pertiwi -- PT Astra International Tbk 520 8,984 PT Astra International Tbk -- PT Serasi Shipping Indonesia 305 - PT Serasi Shipping Indonesia -- Lain-lain 41 13 Others -

16,580 25,056

Persentase dari total liabilitas 1% 1% Percentage of total liabilities






stated)

7. PERSEDIAAN 7. INVENTORIES

2012 2011Barang jadi Finished goods

Minyak sawit mentah 561,174 340,590 Crude palm oilInti sawit dan turunannya 93,817 65,553 Palm kernel and its derivativesLainnya - 372 Others

654,991 406,515

Barang dalam proses 9,559 11,035 Work in progress

Bahan penunjang SuppliesPupuk 315,522 121,689 FertiliserBahan tanaman 119,816 84,379 Planting materialsSuku cadang 83,740 76,139 Spare partsBahan bakar 26,011 28,777 FuelPestisida 24,670 23,332 PesticideLain-lain 14,741 18,037 Others

584,500 352,353Dikurangi: penyisihan penurunan Less: provision for decline

nilai persediaan - - in value of inventory

1,249,050 769,903

Mutasi penyisihan penurunan nilai persediaanadalah sebagai berikut:

Movements of the provision for decline in value ofinventory are as follows:

2012 2011

Saldo awal - 4,145 Beginning balancePengurangan - (4,145) Deduction

Saldo akhir - - Ending balance

Berdasarkan penelaahan atas kondisi dan nilaipersediaan, manajemen berkeyakinan bahwa tidakada dari persediaan yang mengalami penurunannilai.

Based on a review of the condition and value of theinventories, management believes that none ofthese inventories were impaired.

Barang jadi dan bahan penunjang diasuransikanterhadap risiko kebakaran dan risiko lainnyadengan nilai pertanggungan sejumlah Rp1.784.152 juta (2011: Rp 661.920 juta).Manajemen berkeyakinan bahwa nilaipertanggungan tersebut memadai untuk menutupikemungkinan kerugian atas risiko-risiko tersebut.

Finished goods and supplies are covered byinsurance against risk of fire and other risksamounting to Rp 1,784,152 million (2011:Rp 661,920 million), which in the opinion ofmanagement is adequate to cover possible lossesarising from such risks.






stated)

8. UANG MUKA 8. ADVANCES

Merupakan uang muka untuk pembelian danpembayaran sebagai berikut:

Represent advances for the purchases andpayment of the following:

2012 2011

Mesin dan peralatan 76,029 106,570 Machineries and equipmentBahan penunjang 43,833 30,159 SuppliesBea impor 9,681 4,746 Import dutiesBangunan dan instalasi 7,121 1,145 Buildings and installationSurvei dan riset 3,398 2,511 Survey and researchPengangkutan 3,352 3,026 TransportationPerijinan 1,557 1,306 LicensesLain-lain 29,887 27,721 Others

174,858 177,184

9. PAJAK DIBAYAR DIMUKA 9. PREPAID TAXES

2012 2011

Pajak Pertambahan Nilai 78,650 55,390 Value Added Tax

10. TANAMAN PERKEBUNAN 10. PLANTATIONS

a. Tanaman menghasilkan a. Mature plantations

Mutasi nilai menurut jenis tanaman: Movements of amount based on plantsvariety:

Saldo awal/ Saldo akhir/Beginning Penambahan/ Reklasifikasi/ Pengurangan/ Ending

balance Additions Reclassification Disposals balance

2012 2012Kelapa sawit Oil palmHarga perolehan 2,125,522 8,582 1,215,166 (28,094) 3,321,176 Acquisition costs

AccumulatedAkumulasi penyusutan (773,738) (177,875) - 16,010 (935,603) depreciation

Nilai buku bersih 1,351,784 2,385,573 Net book value

2011 2011Kelapa sawit Oil palmHarga perolehan 1,781,060 - 386,908 (42,446) 2,125,522 Acquisition costs

AccumulatedAkumulasi penyusutan (700,390) (108,932) - 35,584 (773,738) depreciation


Seluruh penyusutan tanaman menghasilkansebesar Rp 177.875 juta dialokasikan kebeban produksi (2011: Rp 108.932 juta).

All depreciation of mature plantations ofRp 177,875 million was allocated to cost ofproduction (2011: Rp 108,932 million).

Pengurangan tanaman menghasilkan padatahun 2012 dan 2011, terutama sehubungandengan penanaman kembali areal yang tidakproduktif dan pengalihan nilai kebun intimenjadi kebun plasma.

The disposals of mature plantations in 2012and 2011, were mainly in relation to thereplanting of non productive area anddesignation of nucleus plantation value toplasma plantation.






stated)

10. TANAMAN PERKEBUNAN (lanjutan) 10. PLANTATIONS (continued)

a. Tanaman menghasilkan (lanjutan) a. Mature plantations (continued)

Rincian nilai buku bersih berdasarkan lokasipenanaman:

Detail of net book value based on plantinglocation:

2012 2011

Kalimantan 1,518,991 991,330 KalimantanSulawesi 611,117 135,169 SulawesiSumatera 255,465 225,285 Sumatera

2,385,573 1,351,784

Status areal tanaman menghasilkan telahmemiliki legalitas perijinan.

The status of mature plantation area alreadyhas the legal licenses.

b. Tanaman belum menghasilkan b. Immature plantations

Mutasi nilai menurut jenis tanaman: Movements of amount based on plantsvariety:

Saldo awal/ Saldo akhir/Beginning Penambahan/ Reklasifikasi/ Pengurangan/ Ending

balance Additions Reclassification Disposals balance2012 2012Harga perolehan Acquisition costsKelapa sawit 2,427,205 858,466 (1,215,166) - 2,070,505 Oil palmKaret 16,795 - - - 16,795 Rubber

2,444,000 858,466 (1,215,166) - 2,087,300

2011 2011Harga perolehan Acquisition costsKelapa sawit 2,086,413 848,912 (386,908) (121,212) 2,427,205 Oil palmKaret 16,795 - - - 16,795 Rubber

2,103,208 848,912 (386,908) (121,212) 2,444,000

Pengurangan tanaman belum menghasilkanpada tahun 2011, terutama dikarenakanpengalihan kebun inti menjadi kebun plasma.

The disposal of immature plantations in 2011,mainly due to designation of nucleusplantation to plasma plantation.

Dengan pertimbangan asas manfaat dan biayadimana luasan areal yang tersebar di wilayah yangberbeda-beda yang dibandingkan dengankemungkinan terjadinya risiko kebakaran, wabahpenyakit dan risiko lainnya, seluruh tanamanperkebunan tidak diasuransikan.

With consideration of the benefit and costsprinciples, whereby the total areas that arescattered in different regions, which is compared tothe possibility of risk of fire, plight and other risks,all the plantations are not insured.






stated)

11. ASET TETAP 11. FIXED ASSETS

2012Saldo awal/ Reklasifikasi/ Saldo akhir/Beginning Penambahan/ Reclassifi- Pengurangan/ Ending

balance Additions cations Disposals balance

Kepemilikan langsung Directly owned

Harga perolehan Acquisition costsTanah 85,868 35,579 112,201*) - 233,648 LandPrasarana jalan dan jembatan 597,784 - 169,815 - 767,599 Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin 1,369,545 442 432,163 (182) 1,801,968 machineryMesin dan peralatan 1,219,828 10,533 341,786 (607) 1,571,540 Machinery and equipmentAlat pengangkutan 656,823 125,481 75,808 (828) 857,284 VehiclesPeralatan kantor dan

perumahan 56,475 2,643 412 (8) 59,522 Office and housing equipment

3,986,323 174,678 1,132,185 (1,625) 5,291,561

Aset dalam penyelesaian Construction in progressPrasarana jalan dan jembatan 121,579 320,243 (165,883) - 275,939 Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin 469,768 520,668 (491,951) - 498,485 machineryMesin dan peralatan 487,555 708,958 (362,150) - 834,363 Machinery and equipment

1,078,902 1,549,869 (1,019,984) - 1,608,787

5,065,225 1,724,547 112,201*) (1,625) 6,900,348

Akumulasi penyusutan Accumulated depreciationPrasarana jalan dan jembatan (254,604) (32,189) - - (286,793) Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin (377,253) (80,844) - 164 (457,933) machineryMesin dan peralatan (593,540) (104,908) - 428 (698,020) Machinery and equipmentAlat pengangkutan (375,138) (116,975) - 729 (491,384) VehiclesPeralatan kantor dan

perumahan (40,496) (7,058) - 9 (47,545) Office and housing equipment

( 1,641,031) (341,974) - 1,330 (1,981,675)


*) Merupakan reklasifikasi dari beban ditangguhkan -hak atas tanah (lihat Catatan 2v).

Reclassified from deferred charges - land rights *)(see Note 2v).






stated)

11. ASET TETAP (lanjutan) 11. FIXED ASSETS (continued)

2011Saldo awal/ Reklasifikasi/ Saldo akhir/Beginning Penambahan/ Reclassifi- Pengurangan/ Ending

balance Additions cations Disposals balance

Kepemilikan langsung Directly owned

Harga perolehan Acquisition costsTanah 85,868 - - - 85,868 LandPrasarana jalan dan jembatan 533,909 228 63,647 - 597,784 Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin 1,185,987 58 184,606 (1,106) 1,369,545 machineryMesin dan peralatan 1,126,509 6,028 88,257 (966) 1,219,828 Machinery and equipmentAlat pengangkutan 545,893 32,464 87,361 (8,895) 656,823 VehiclesPeralatan kantor dan

perumahan 51,987 350 4,219 (81) 56,475 Office and housing equipment

3,530,153 39,128 428,090 (11,048) 3,986,323

Aset dalam penyelesaian Construction in progressPrasarana jalan dan jembatan 91,085 93,072 (62,578) - 121,579 Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin 256,554 381,937 (168,723) - 469,768 machineryMesin dan peralatan 189,606 490,467 (192,518) - 487,555 Machinery and equipmentPeralatan kantor 2,134 2,137 (4,271) - - Office equipment

539,379 967,613 (428,090) - 1,078,902

4,069,532 1,006,741 - (11,048) 5,065,225

Akumulasi penyusutan Accumulated depreciationPrasarana jalan dan jembatan (227,148) (27,456) - - (254,604) Roads and bridgesBangunan, instalasi dan Buildings, installations and

mesin (313,954) (63,929) - 630 (377,253) machineryMesin dan peralatan (507,650) (86,428) - 538 (593,540) Machinery and equipmentAlat pengangkutan (300,280) (83,258) - 8,400 (375,138) VehiclesPeralatan kantor dan

perumahan (33,590) (6,987) - 81 (40,496) Office and housing equipment

(1,382,622) (268,058) - 9,649 (1,641,031)







stated)

11. ASET TETAP (lanjutan) 11. FIXED ASSETS (continued)

Penyusutan aset tetap dialokasikan sebagaiberikut:

Depreciation of fixed assets was allocated asfollows:

2012 2011

Beban produksi 239,741 173,197 Costs of productionGeneral and administrative

Beban umum dan administrasi 59,602 46,720 expensesTanaman belum menghasilkan 42,631 48,141 Immature plantations

341,974 268,058

Bangunan, mesin dan alat pengangkutandiasuransikan terhadap risiko kebakaran dan risikolainnya dengan nilai pertanggungan sejumlahRp 5.279 miliar (2011: Rp 5.190 miliar) yangmenurut manajemen memadai untuk menutupikemungkinan kerugian atas risiko-risiko tersebut.

Buildings, machinery and vehicles are covered byinsurance against losses from fire and other risksfor a total coverage of Rp 5,279 billion(2011: Rp 5,190 billion), which in the opinion ofmanagement is adequate to cover possible lossesarising from such risks.

Dari sisi anggaran biaya konstruksi pada tanggallaporan posisi keuangan, aset dalam penyelesaianrata-rata telah mencapai persentase penyelesaiankurang lebih 67% dan diperkirakan akan selesaipada tahun 2013 (2011: kurang lebih 61% dandiperkirakan akan selesai pada tahun 2012).

Based on budgeted construction cost at statementsof financial position date, the construction inprogress had an average percentage of completionof approximately 67% and is expected to becompleted in 2013 (2011: approximately 61% andis expected to be completed in 2012).

Hak atas tanah berupa HGU dan Hak GunaBangunan (HGB) dengan masa berlaku sampaidengan tahun antara 2014 dan 2099. Manajemenberkeyakinan bahwa hak atas tanah tersebut dapatdiperbaharui.

Land rights are in the form of HGU and BuildingUsage Right (HGB) titles which will expire within2014 to 2099. Management believes the land rightscan be renewed.

Nilai wajar aset tetap pada tanggal laporan posisikeuangan adalah sebesar Rp 6.115 miliar.Perbedaan signifikan terhadap nilai tercatat asettetap pada aset tanah dan bangunan, sedangkanterhadap aset tetap lainnya tidak berbedasignifikan.

The fair value of fixed assets at the statements offinancial position date amounted to Rp 6,115billion. The significant difference with carryingamount of the fixed assets was on land andbuildings, whereas on the other fixed assets theywere not significantly different.

Jumlah harga perolehan aset tetap yang telahdisusutkan penuh dan masih digunakan adalahsebesar Rp 621.445 juta (2011: Rp 494.844 juta).

The acquisition costs of fixed assets which havebeen fully depreciated and still being usedamounted to Rp 621,445 million (2011: Rp 494,844million).

Manajemen berpendapat bahwa tidak terdapatpenurunan atas nilai tercatat aset tetap tersebut.

Management is of the view that there has been noimpairment in the carrying amount of fixed assets.






stated)

12. PERKEBUNAN PLASMA 12. PLASMA PLANTATIONS

Akun ini merupakan perkebunan plasma yangmasih dalam tahap pengembangan danperkebunan plasma yang telah diserahterimakankepada petani plasma.

This account represents plasma plantations whichstill in development stage and plasma plantationswhich have been handed over to plasma farmers.

Sesuai dengan kebijakan Pemerintah Indonesia,hak guna usaha untuk perkebunan diberikanapabila perusahaan inti bersedia mengembangkanareal perkebunan untuk petani plasma lokal,disamping mengembangkan perkebunan miliknyasendiri.

In accordance with Indonesian governmentregulations, the nucleus is granted plantation landrights if the nucleus develops plantations for localplasma farmers, as well as developing its ownplantations.

Beberapa entitas anak mengembangkanperkebunan plasma dengan pola Kredit KoperasiPrimer untuk Anggotanya (KKPA). Pengembanganperkebunan plasma dapat didanai dengan kreditinvestasi yang disalurkan kepada entitas anak olehbank atau didanai sendiri.

Some subsidiaries have been developing plasmaplantations under “Kredit Koperasi Primer untukAnggotanya” (KKPA) scheme. The development ofplasma plantations can be financed by investmentcredits, the funds for which are given directly to thesubsidiaries by the banks or self-funded.

Pada pola KKPA, perjanjian kredit investasiditandatangani oleh petani plasma melalui KoperasiUnit Desa (KUD) sebagai perwakilannya. Pada saatperkebunan plasma menghasilkan sesuai dengankriteria yang ditentukan oleh Pemerintah,perkebunan plasma tersebut akan diserahterimakanke petani plasma (“serah terima perkebunanplasma”).

In the KKPA scheme, the investment creditagreements are signed by the plasma farmersthrough local cooperatives (KUD) as theirrepresentatives. When the plasma plantations aremature and meet certain criteria required by thegovernment, the plasma plantations will be handedover to the plasma farmers (“hand over of plasmaplantations”).

Nilai serah terima umumnya telah ditentukan padasaat penandatanganan perjanjian kerjasamasebesar nilai kredit investasi dan ditambah denganjumlah yang disepakati antara perusahaan intidengan petani plasma atas jumlah pendanaansendiri dari perusahaan inti jika tidak didanaiseluruhnya oleh bank.

The hand over value is generally determined at theinception of the cooperation agreement for a totalamount of investment credit and any fundingamount agreed by the nucleus and the plasmafarmers should the bank financing not be fullyobtained.

Fasilitas kredit investasi yang diberikan termasukfasilitas bunga selama masa pengembangan.Kelebihan biaya pengembangan atas kreditinvestasi serta bunga yang dibebankan setelahmasa pengembangan, jika ada, karenaketerlambatan serah terima perkebunan plasmamenjadi tanggungan entitas anak.

The investment credits include the facility forinterest during development. Development costoverruns above the credit investments and interestcharges after development is completed, if any, forlate hand over of the plasma plantations will beborne by the subsidiaries.

Sejak serah terima perkebunan plasma, petaniplasma berkewajiban menjual hasil panennyakepada entitas anak sebagai perusahaan inti.Kredit investasi dicicil melalui jumlah persentasetertentu yang dipotong entitas anak dari penjualantersebut.

After the hand over of the plasma plantations, theplasma farmers are obliged to sell their crops to thesubsidiaries as nucleus. The investment credits willbe repaid through certain percentage amountswithheld by the subsidiaries on the related sales.

Kredit investasi tersebut dijamin dengan tanah dantanaman perkebunan plasma serta semua asetyang berada di atasnya, piutang penjualan buahdari kebun plasma di masa yang akan datang.

The investment credit facilities are secured byplasma plantations and all assets located on theplantations, future receivables from sales of theplasma crops.






stated)

12. PERKEBUNAN PLASMA (lanjutan) 12. PLASMA PLANTATIONS (continued)

Entitas anak sebagai perusahaan inti, menjaminpembayaran kembali pinjaman petani plasmaKKPA ke bank sampai lunas (lihat Catatan 32a).

The subsidiaries as the nucleus, guaranteerepayment of KKPA plasma farmers’ loans to thebanks until they are fully paid off (see Note 32a).

Rincian lokasi perkebunan plasma: Details of plasma plantation location:

Perusahaan inti/ Nucleus Lokasi/ Location Kelompok tani/ Farmers group

PT Kimia Tirta Utama Riau Koperasi Rimba MutiaraPT Tunggal Perkasa Plantations Riau Koperasi Redang SekoPT Eka Dura Indonesia Riau KSU Sumber Rejeki dan KUD Panca UsahaPT Sari Lembah Subur Riau KPS Jasa SepakatPT Sawit Asahan Indah Riau KUD Timiangan RayaPT Sari Aditya Loka Jambi Koperasi Bangun Setia dan KUD Karya MuktiPT Borneo Indah Marjaya Kalimantan Timur/ KUD Sumber Sawit Makmur

East KalimantanPT Karyanusa Ekadaya Kalimantan Timur/ Koperasi Usaha Etam dan KSU Sawit Wehea Tlan

East Kalimantan BersatuPT Sumber Kharisma Persada Kalimantan Timur/ Koperasi Peridan Jaya, Karya Bersama

East Kalimantan Kerayaan, Keluarga Mandiri Jaya, KSU HarapanSejahtera dan KUD Mandu Sejahtera

PT Cipta Narada Lestari Kalimantan Timur/ Koperasi Bumi Etam SejahteraEast Kalimantan

13. UANG MUKA PELANGGAN 13. ADVANCES FROM CUSTOMERS

Merupakan uang muka yang diterima dari pelanggandomestik pihak ketiga sehubungan denganpenjualan.

Represent advances received from third partydomestic customers in relation to sales.

14. UTANG USAHA 14. TRADE PAYABLES

2012 2011

Pihak ketiga 548,841 496,783 Third partiesPihak berelasi Related parties

(lihat Catatan 6c) 16,580 25,056 (see Note 6c)

565,421 521,839

2012 2011

Rupiah 544,688 497,735 RupiahMata uang asing 20,733 24,104 Foreign currency

565,421 521,839






stated)

14. UTANG USAHA (lanjutan) 14. TRADE PAYABLES (continued)

Utang usaha terutama sehubungan denganpembelian TBS, pupuk, pestisida, suku cadang danbahan tanaman lainnya. Jangka waktu kredit yangtimbul dari pembelian tersebut berkisar antara 14sampai dengan 45 hari.

Trade payables mostly arise from purchases ofFFB, fertilisers, pesticides, spareparts and otherplantation materials. These purchases have creditterm in the range of 14 to 45 days.

15. AKRUAL 15. ACCRUALS

2012 2011

Gaji, upah dan kesejahteraan Salaries, wages andkaryawan 41,680 34,598 employee benefits

Biaya angkut 20,467 14,598 Freight costJasa profesional 5,684 4,857 Professional feesBiaya bunga pinjaman bank 3,533 - Interest expense of bank loansBeban komitmen fasilitas bank 1,031 1,448 Commitment fee of bank facilityLain-lain 273 648 Others

72,668 56,149

16. PERPAJAKAN 16. TAXATION

a. Beban pajak penghasilan a. Income tax expense

2012 2011Perusahaan CompanyKini 39,665 3,522 CurrentFinal 2,589 3,716 FinalTangguhan (1,795) (12,784) Deferred

40,459 (5,546)Entitas anak SubsidiariesKini 949,786 855,228 CurrentFinal 4,014 16,847 FinalTangguhan 10,368 (32,162) Deferred

964,168 839,913Konsolidasian ConsolidatedKini 989,451 858,750 CurrentFinal 6,603 20,563 FinalTangguhan 8,573 (44,946) Deferred

1,004,627 834,367






stated)

16. PERPAJAKAN (lanjutan) 16. TAXATION (continued)

a. Beban pajak penghasilan (lanjutan) a. Income tax expense (continued)

Beban pajak penghasilan kini Perusahaandihitung sebagai berikut:

The Company’s current income tax expensewas calculated as follows:

2012 2011Laba konsolidasian sebelum Consolidated profit before

pajak penghasilan 3,524,893 3,332,932 income taxDikurangi: laba sebelum

pajak penghasilan Deduct: profit before incomeentitas anak (3,479,613) (3,266,593) tax of subsidiaries

Eliminasi transaksi dengan Elimination of transactions withentitas anak 1,961,736 2,301,048 subsidiaries

Laba Perusahaan Profit before income taxsebelum pajak penghasilan 2,007,016 2,367,387 of the Company

Koreksi (negatif)/positif: (Negative)/positive corrections:Beban yang tidak dapat

dikurangkan 9,025 7,971 Non deductible expensesPenyisihan imbalan kerja 4,867 9,245 Provision for employee benefitsPenghasilan bukan obyek pajak (1,849,495) (2,147,921) Income not subject to tax

Difference between tax andSelisih penyusutan aset tetap accounting depreciation

fiskal dan akuntansi 1,546 1,520 of fixed assetsPenghasilan kena pajak final (14,298) (19,749) Income subject to final tax

Taksiran penghasilan kena Estimated taxable incomepajak Perusahaan 158,661 218,453 of the Company

Kompensasi rugi pajak - (204,366) Tax losses utilised

Taksiran penghasilan kena Estimated taxable incomepajak Perusahaan 158,661 14,087 of the Company

Beban pajak penghasilan Income tax expensekini - Perusahaan 39,665 3,522 of the Company - current

Beban pajak penghasilan Income tax expense ofkini - entitas anak 949,786 855,228 subsidiaries - current

Jumlah beban pajakpenghasilan - kini 989,451 858,750 Total income tax expense - current






stated)


a. Beban pajak penghasilan (lanjutan) a. Income tax expense (continued)

Akumulasi rugi pajak adalah sebagai berikut: The cumulative tax loss carryforwards is asfollows:

2012 2011

Perusahaan - - CompanyEntitas anak 507,565 285,857 Subsidiaries

507,565 285,857

Rekonsiliasi antara beban pajak penghasilandan hasil perkalian laba Perusahaan sebelumpajak penghasilan dengan tarif pajak yangberlaku adalah sebagai berikut:

A reconciliation between income tax expenseand the profit before income tax of theCompany multiplied by the applicable taxrate is as follows:

2012 2011

Laba Perusahaan Profit before incomesebelum pajak penghasilan 2,007,016 2,367,387 tax of the Company

Pajak dihitung pada tarif Tax calculated atpajak yang berlaku 501,754 591,847 applicable rate

Penghasilan bukanobyek pajak (462,374) (536,980) Income not subject to tax

Penghasilan kena pajak final (3,575) (4,937) Income subject to final taxBeban yang tidak dapat

dikurangkan 2,256 1,993 Non deductible expensesPajak final 2,589 3,716 Final taxAset pajak tangguhan yang Previously unrecognised

sebelumnya tidak diakui (191) (61,185) deferred tax assets

Beban/(manfaat) pajak Income tax expense/(benefit)penghasilan - Perusahaan 40,459 (5,546) of the Company

Beban pajak penghasilan Income tax expenseentitas anak 964,168 839,913 of subsidiaries

Beban pajak penghasilan 1,004,627 834,367 Income tax expense

b. Utang pajak b. Taxes payable

2012 2011Perusahaan CompanyPajak penghasilan: Income taxes:

Pasal 21 24,605 23,252 Article 21Pasal 23 dan 4(2) 2,536 2,328 Articles 23 and 4(2)Pasal 26 194 117 Article 26

27,335 25,697






stated)


b. Utang pajak (lanjutan) b. Taxes payable (continued)

2012 2011

Entitas anak SubsidiariesPajak penghasilan: Income taxes:

Pasal 21 25,925 17,510 Article 21Pasal 22 102 97 Article 22Pasal 23 dan 4(2) 9,597 9,813 Articles 23 and 4(2)Pasal 25 67,385 63,436 Article 25Pasal 26 23 19 Article 26Pasal 29 236,797 225,335 Article 29

Pajak Pertambahan Nilai,bersih 14,835 8,938 Value Added Tax, net

Pajak Bumi dan Bangunan - 1,560 Land and Building TaxPajak ekspor - 2,382 Export tax

354,664 329,090

381,999 354,787

Utang/(lebih bayar) pajak penghasilandihitung sebagai berikut:

Income tax payable/(overpayment) wascalculated as follows:

2012 2011

Beban pajak penghasilan Income tax expensekini - Perusahaan 39,665 3,522 of the Company - current

Pajak penghasilan dibayar Prepayments of income taxesdimuka - Perusahaan: of Company:Pasal 22 - (814) Article 22Pasal 23 (57,764) (55,307) Article 23

Jumlah (57,764) (56,121) Total

Lebih bayar pajak Corporate income taxpenghasilan Perusahaan (18,099) (52,599) overpayment of the Company

Beban pajak penghasilan Income tax expense ofkini - entitas anak 949,786 855,228 subsidiaries - current

Pajak penghasilan dibayar Prepayments of income taxesdimuka - entitas anak: of subsidiaries:Pasal 22 (109) (2,617) Article 22Pasal 23 (14,098) (17,200) Article 23Pasal 25 (698,782) (610,076) Article 25

Jumlah (712,989) (629,893) Total

Utang pajak penghasilan Corporate income tax payableentitas anak 236,797 225,335 of subsidiaries






stated)


b. Utang pajak (lanjutan) b. Taxes payable (continued)

Sampai dengan tanggal laporan keuangan ini,Perusahaan belum menyampaikan SuratPemberitahuan Pajak Tahunan (SPT) untuktahun pajak 2012. Namun demikian, taksiranpenghasilan kena pajak tersebut diatas akandilaporkan dalam SPT tahun 2012 (2011:jumlah taksiran penghasilan kena pajakPerusahaan tahun 2011 tidak berbeda secaramaterial dengan jumlah yang dilaporkan padaSPT untuk tahun pajak 2011).

Until the date of this report, the Company hasnot submitted its annual tax return (SPT) for2012 fiscal year. However, the estimatedtaxable income presented above will bereported in the 2012 SPT (2011: theestimated taxable income of the Company foryear 2011 was not materially different fromthe amount reported in the SPT for the fiscalyear 2011).

Berdasarkan peraturan perpajakan Indonesia,Perusahaan dan entitas anak menghitung,menetapkan, dan membayar sendiri besarnyajumlah pajak yang terutang. DirektoratJenderal Pajak (DJP) dapat menetapkan ataumengubah kewajiban pajak dalam bataswaktu tertentu. Untuk tahun pajak 2007 dansebelumnya jangka waktu tersebut adalahsepuluh tahun sejak saat terutangnya pajaktetapi tidak melebihi tahun 2013, sedangkanuntuk tahun pajak 2008 dan selanjutnya,jangka waktunya adalah lima tahun sejak saatterutangnya pajak.

Under the taxation laws of Indonesia, theCompany and subsidiaries calculate, assess,and submit tax returns on the basis of self -assessment. The Directorate General ofTaxation (DGT) may assess or amend taxeswithin a certain period. For fiscal years 2007and before, this period is within ten years ofthe time the tax become due, but not laterthan 2013, while for fiscal years 2008 andonwards, the period is within five years of thetime the tax becomes due.

c. Aset/(liabilitas) pajak tangguhan, bersih c. Deferred tax assets/(liabilities), net

Dikreditkan/Dikreditkan/ (dibebankan) ke

(dibebankan) ke pendapatanlaba tahun komprehensif lain/berjalan / Credited /(charged)

Credited /(charged) to otherto profit for comprehensive

2011 the year income 2012

Perusahaan CompanyEmployee benefit

Kewajiban imbalan kerja 12,404 1,217 (574) 13,047 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (2,116) 578 - (1,538) value of fixed assets

10,288 1,795 (574) 11,509

Entitas anak SubsidiariesCumulative tax loss

Akumulasi rugi pajak 20,016 (14,351) - 5,665 carryforwardsRugi pengembangan Loss on plasma

perkebunan plasma 49,798 (4,018) - 45,780 plantation developmentPenyisihan penurunan nilai 37 - - 37 Provision for impairment

Employee benefitsKewajiban imbalan kerja 48,251 9,868 17,918 76,037 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (28,777) (1,215) - (29,992) value of fixed assets

89,325 (9,716) 17,918 97,527

Jumlah aset pajak Total deferred taxtangguhan, bersih 99,613 (7,921) 17,344 109,036 assets, net






stated)


c. Aset/(liabilitas) pajak tangguhan, bersih(lanjutan)

c. Deferred tax assets/(liabilities), net(continued)

Dikreditkan/Dikreditkan/ (dibebankan) ke

(dibebankan) ke pendapatanlaba tahun komprehensif lain/berjalan / Credited /(charged)

Credited /(charged) to otherto profit for comprehensive

2011 the year income 2012

Perusahaan - - - - Company

Entitas anak SubsidiariesRugi pengembangan Loss on plasma

perkebunan plasma 6,683 (796) - 5,887 plantation developmentEmployee benefits

Kewajiban imbalan kerja 15,511 6,285 4,859 26,655 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (55,515) (6,141) - (61,656) value of fixed assets

(33,321) (652) 4,859 (29,114)

Jumlah liabilitas pajak Total deferred taxtangguhan, bersih (33,321) (652) 4,859 (29,114) liabilities, net

Dikreditkan/(dibebankan) kelaporan laba rugi

komprehensifCredited /(charged)

to statements ofcomprehensive

2010 income 2011

Perusahaan CompanyEmployee benefit

Kewajiban imbalan kerja - 12,404 12,404 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (2,496) 380 (2,116) value of fixed assets

(2,496) 12,784 10,288

Entitas anak SubsidiariesCumulative tax loss

Akumulasi rugi pajak - 20,016 20,016 carryforwardsRugi pengembangan Loss on plasma

perkebunan plasma 48,816 982 49,798 plantation developmentPenyisihan penurunan nilai 37 - 37 Provision for impairment

Employee benefitsKewajiban imbalan kerja 31,545 16,706 48,251 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (19,611) (9,166) (28,777) value of fixed assets

60,787 28,538 89,325

Jumlah aset pajak Total deferred taxtangguhan, bersih 58,291 41,322 99,613 assets, net






stated)


c. Aset/(liabilitas) pajak tangguhan, bersih(lanjutan)

c. Deferred tax assets/(liabilities), net(continued)

Dikreditkan/(dibebankan) kelaporan laba rugi

komprehensifCredited /(charged)

to statements ofcomprehensive

2010 income 2011

Perusahaan - - - Company

Entitas anak SubsidiariesRugi pengembangan Loss on plasma

perkebunan plasma 7,479 (796) 6,683 plantation developmentPenyisihan penurunan Provision for decline

nilai persediaan 1,036 (1,036) - in value of inventoriesEmployee benefits

Kewajiban imbalan kerja 13,613 1,898 15,511 obligationsSelisih nilai buku aset Difference between tax

tetap fiskal dan and accounting net bookakuntansi (59,073) 3,558 (55,515) value of fixed assets

(36,945) 3,624 (33,321)

Jumlah liabilitas pajak Total deferred taxtangguhan, bersih (36,945) 3,624 (33,321) liabilities, net

Grup tidak mengakui aset pajak tangguhansebesar Rp 121.226 juta (2011: Rp 51.449juta) atas saldo kerugian fiskal denganpertimbangan bahwa terdapat ketidakpastianpenghasilan kena pajak masa mendatangdapat mengkompensasi kerugian fiskaltersebut.

Group has not recognised the deferred taxassets on tax loss carryforwards ofRp 121,226 million (2011: Rp 51,449 million)on the basis that there is uncertainty thattaxable income will be sufficient to utilise theunused tax loss carryforwards.

Rincian kerugian fiskal yang aset pajaktangguhannya tidak diakui berdasarkan bataswaktu penggunaannya:

Details of tax loss carryforwards on whichthe related deferred tax assets are notrecognised based on expiry of utilisationperiod:

2012 2011

1 tahun 7,211 2,640 1 year2 tahun 24,531 7,605 2 years3 tahun 36,128 25,224 3 years4 tahun 138,810 59,402 4 years5 tahun 278,222 110,923 5 years

484,902 205,794






stated)


d. Tagihan restitusi pajak d. Claims for tax refunds

Rincian tagihan restitusi pajak adalahsebagai berikut:

The details of claims for tax refunds are asfollows:

2012 2011

Perusahaan 70,997 84,069 CompanyEntitas anak 267,529 130,878 Subsidiaries

338,526 214,947

Tagihan restitusi pajak merupakan kelebihanbayar pajak penghasilan badan dan pajaklainnya tahun berjalan dan tahun-tahunsebelumnya yang belum atau sedangdiperiksa oleh DJP serta pembayaran atassurat ketetapan pajak yang diterima olehPerusahaan dan entitas anak dimana telahdiajukan keberatan dan banding.

Claims for tax refunds representoverpayments of current and previous yearscorporate income tax and other taxes whichhave not been audited or being examined bythe DGT and payments of tax assessmentsreceived by the Company and subsidiariesfor which objections and appeals have beensubmitted.

e. Surat Ketetapan Pajak e. Tax assessments

Perusahaan Company

Perusahaan telah menerima SuratKetetapan Pajak Kurang Bayar atas PPh 21untuk tahun pajak 2006 sejumlahRp 286 juta, dan telah dibayar untukmemenuhi proses banding. Pada tahun 2012klaim banding tersebut telah diputuskanmenjadi Rp 23 juta dan telah diterima olehPerusahaan. Atas putusan tersebut, DJPmengajukan Peninjauan Kembali keMahkamah Agung dan sampai dengantanggal laporan keuangan konsolidasian ini,Peninjauan Kembali tersebut masih dalamproses.

The Company has received tax assessmentletters for underpayment of income taxarticle 21 for fiscal year 2006 totallingRp 286 million, which have been paid by theCompany for appeal purpose. In 2012 theappeal has been decided to be Rp 23million and has been accepted by theCompany. In response to this decision, theDGT submitted the Judicial Review to theSupreme Court and until the date of theseconsolidated financial statements, theJudicial Review is still in process.

Entitas anak Subsidiaries

Beberapa entitas anak telah menerimabeberapa surat ketetapan pajak untukberbagai jenis pajak dan berbagai tahunpajak yang menetapkan total kurang bayarpajak dan selisih kurang antara jumlah lebihbayar yang ditetapkan DJP dengan yangdilaporkan sebesar Rp 190.936 juta.

Certain subsidiaries have received taxassessments for various taxes and fiscalyears, determining total tax underpaymentsand a shortfall of overpayments determinedby the DGT with the reported amountstotalling of Rp 190,936 million.

Manajemen tidak setuju dengan ketetapan-ketetapan tersebut diatas dan mengajukankeberatan dan banding, namun masih belummemperoleh tanggapan dari DJP ataupunPengadilan Pajak sampai dengan tanggallaporan keuangan konsolidasian ini.

Management disagreed with theseassessments above and has filed objectionsand appeals; however management has notreceived any response from the DGT or theTax Court up to the date of theseconsolidated financial statements.






stated)

17. PINJAMAN BANK JANGKA PENDEK 17. SHORT-TERM BANK LOANS

2012 2011

Oversea-Chinese Banking Oversea-Chinese BankingCorporation Limited 386,800 - Corporation Limited

Mizuho Corporate Bank, Ltd., Mizuho Corporate Bank, Ltd.,Singapore Branch 338,450 - Singapore Branch

PT Bank of Tokyo-Mitsubishi PT Bank of Tokyo-MitsubishiUFJ, Ltd. 150,000 - UFJ, Ltd.

Sumitomo Mitsui Banking Sumitomo Mitsui BankingCorporation, Singapore Branch 96,700 - Corporation, Singapore Branch

971,950 -

Oversea-Chinese Banking Corporation Limited Oversea-Chinese Banking Corporation Limited

Pada tanggal 1 November 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan Oversea-Chinese Banking CorporationLimited (termasuk perubahan atas fasilitassebelumnya tertanggal 25 April 2012), sehinggafasilitas komitmen yang tersedia berupa:

On 1 November 2012, the Company entered into aloan facility agreement with Oversea-ChineseBanking Corporation Limited (including theamendment from the previous facility agreementdated 25 April 2012), therefore the availablecommitments are:

- Term loan facility dengan pagu maksimumAS$ 25 juta dengan jangka waktu penarikandalam 12 bulan setelah tanggal perjanjian.Suku bunga tahunan untuk komitmen iniadalah 2,05% diatas LIBOR.

- Term loan facility with maximum limit of US$25 million with the availability period within 12months from the signing date. The annualinterest rate for this commitment is 2.05%above LIBOR.

- Revolving loan facility dengan pagumaksimum AS$ 40 juta dan AS$ 35 juta. Sukubunga tahunan untuk komitmen ini adalahmasing-masing 2,05% dan 2,35% diatasLIBOR.

- Revolving loan facilities with maximum limit ofUS$ 40 million and US$ 35 million. Theannual interest rates for this commitment are2.05% and 2.35% above LIBOR, respectively.

Tidak ada jaminan atas fasilitas ini dan akanberakhir 3 tahun sejak tanggal perjanjian.

These facilities are not secured and will be expiringin 3 years from the signing date.

Jumlah pinjaman pada tanggal 31 Desember 2012dalam mata uang Dolar AS dan jatuh tempo dalamwaktu 3 bulan sesudah penarikan. Tingkat sukubunga tahunan adalah 2,36% dan 2,66%.

The outstanding amount as at 31 December 2012is in US Dollar currency and due within 3 monthsafter drawn down. The annual interest rates are2.36% and 2.66%.

Perikatan keuangan atas fasilitas ini adalah rasioNet Borrowings terhadap Tangible Net Worth untukperiode yang relevan tidak melebihi dari 1,5:1.

The financial covenant for this facility is the ratio ofNet Borrowings to Tangible Net Worth for anyrelevant period does not exceed 1.5:1.






stated)

17. PINJAMAN BANK JANGKA PENDEK (lanjutan) 17. SHORT-TERM BANK LOANS (continued)

Mizuho Corporate Bank, Ltd., Singapore Branch Mizuho Corporate Bank, Ltd., Singapore Branch

Pada tanggal 11 September 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan Mizuho Corporate Bank, Ltd., SingaporeBranch.

On 11 September 2012, the Company entered intoa loan facility agreement with Mizuho CorporateBank, Ltd., Singapore Branch.

Fasilitas komitmen yang tersedia berupa:- Term loan facility dengan pagu maksimum

AS$ 25 juta dengan jangka waktu penarikandalam 12 bulan setelah tanggal perjanjian.Suku bunga tahunan untuk komitmen iniadalah 2,15% diatas LIBOR.

The available commitments are:- Term loan facility with maximum limit of

US$ 25 million with the availability periodwithin 12 months from the signing date. Theannual interest rate for this commitment is2.15% above LIBOR.

- Revolving loan facility dengan pagumaksimum AS$ 50 juta. Suku bunga tahunanuntuk komitmen ini adalah 2,15% diatasLIBOR.

- Revolving loan facility with maximum limit ofUS$ 50 million. The annual interest rate forthis commitment is 2.15% above LIBOR.

Tidak ada jaminan atas fasilitas ini dan akanberakhir 36 bulan sejak tanggal perjanjian.

These facilities are not secured and will be expiringin 36 months from the signing date.

Jumlah pinjaman pada tanggal 31 Desember 2012dalam mata uang Dolar AS dan jatuh tempo dalamwaktu 3 bulan sesudah penarikan. Tingkat sukubunga tahunan adalah 2,47%.

The outstanding amount as at 31 December 2012is in US Dollar currency and due within 3 monthsafter drawn down. The annual interest rate is2.47%.



PT Bank of Tokyo-Mitsubishi UFJ, Ltd. PT Bank of Tokyo-Mitsubishi UFJ, Ltd.

Pada tanggal 27 Maret 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan The Bank of Tokyo-Mitsubishi UFJ, Ltd.

On 27 March 2012, the Company entered into aloan facility agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Fasilitas komitmen yang tersedia berupa multicurrency revolving loan facility dengan pagumaksimum Rp 150 miliar atau dalam mata uangDolar AS yang ekuivalen dengan nilai maksimumkomitmen tersebut.

The available commitment is multi currencyrevolving loan facility with maximum limit of Rp 150billion or in US Dollar equal to the maximumcommitment limit.

Suku bunga tahunan untuk komitmen dalamRupiah adalah 2% diatas JIBOR atau dalam DolarAS 2% diatas LIBOR.

The annual interest rate for Rupiah commitment is2% above JIBOR or 2% above LIBOR for the USDollar commitment.


This facility is not secured and will be expiring in 3years from the signing date.

Jumlah pinjaman pada tanggal 31 Desember 2012dalam mata uang Rupiah dan jatuh tempo dalamwaktu 3 bulan sesudah penarikan. Tingkat sukubunga tahunan adalah 7,10%.

The outstanding amount as at 31 December 2012is in Rupiah currency and due within 3 months afterdrawn down. The annual interest rate is 7.10%.








stated)


Sumitomo Mitsui Banking Corporation,Singapore Branch

Sumitomo Mitsui Banking Corporation,Singapore Branch

Pada tanggal 2 April 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan Sumitomo Mitsui Banking Corporation,Singapore Branch.

On 2 April 2012, the Company entered into a loanfacility agreement with Sumitomo Mitsui BankingCorporation, Singapore Branch.

Fasilitas komitmen yang tersedia berupa revolvingloan facility dengan pagu maksimum AS$ 10 juta.Suku bunga tahunan untuk komitmen ini adalah2,2% diatas LIBOR.

The available commitment is revolving loan facilitywith maximum limit of US$ 10 million. The annualinterest rate for this commitment is 2.2% aboveLIBOR.



Jumlah pinjaman pada tanggal 31 Desember 2012dalam mata uang Dolar AS dan jatuh tempo dalamwaktu 3 bulan sesudah penarikan. Tingkat sukubunga tahunan adalah 2,51%.

The outstanding amount as at 31 December 2012is in US Dollar currency and due within 3 monthsafter drawn down. The annual interest rate is2.51%.



PT Bank Sumitomo Mitsui Indonesia PT Bank Sumitomo Mitsui Indonesia

Pada tanggal 15 Juni 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan PT Bank Sumitomo Mitsui Indonesia.

On 15 June 2012, the Company entered into a loanfacility agreement with PT Bank Sumitomo MitsuiIndonesia.

Fasilitas yang tersedia berupa revolving loanfacility dengan pagu maksimum Rp 250 miliar.Suku bunga tahunan untuk komitmen ini adalah2% diatas JIBOR.

The available facility is revolving loan facility withmaximum limit of Rp 250 billion. The annualinterest rate for this commitment is 2% aboveJIBOR.



Tidak ada fasilitas pinjaman yang digunakan padatanggal 31 Desember 2012.

There were no loan facilities drawn down as at 31December 2012.








stated)


The Hongkong and Shanghai Bank CorporationLtd, Cabang Jakarta

The Hongkong and Shanghai Bank CorporationLtd, Jakarta Branch

Berdasarkan perubahan perjanjian fasilitaspinjaman dengan The Hongkong and ShanghaiBank Corporation Ltd (HSBC), Cabang Jakartatertanggal 11 Januari 2013, yang merupakanbagian dari perjanjian kredit tertanggal 4 Mei 2011,Perusahaan dan entitas anak tertentu memperolehfasilitas pinjaman berupa revolving loan untukmodal kerja dan fasilitas kredit berdokumendengan total pagu maksimum Rp 100 miliar atauekuivalennya dalam mata uang Dolar AS.

Based on amendment on loan facility agreementwith The Hongkong and Shanghai BankCorporation Ltd (HSBC), Jakarta Branch dated on11 Januari 2013, which was part of the creditagreement dated 4 May 2011, the Company andcertain subsidiaries obtained revolving loan facilityfor working capital needs and documentary creditfacility with a total maximum limit of Rp 100 billionor its equivalent in US Dollar currency.

Suku bunga tahunan untuk fasilitas dalam Rupiahdan Dolar AS adalah masing-masing 2% diatasJIBOR dan 2% diatas LIBOR, namun bergantungkepada fluktuasi yang berlaku di HSBC.

Annual interest rates for Rupiah and US Dollarfacilities are 2% above JIBOR and 2% aboveLIBOR, respectively, but subject to fluctuation atthe HSBC’s discretion.

Fasilitas ini tidak dijamin dan berakhir pada30 September 2013.

These facilities are not secured and valid until30 September 2013.

Tidak ada fasilitas pinjaman yang digunakan padatanggal 31 Desember 2012 dan 2011.

There were no loan facilities drawn down as at31 December 2012 and 2011.

PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia

Pada tanggal 29 Juni 2012, Perusahaanmenandatangani perjanjian fasilitas pinjamandengan PT Bank Mizuho Indonesia.

On 29 June 2012, the Company entered into a loanfacility agreement with PT Bank Mizuho Indonesia.

Fasilitas yang tersedia berupa revolving loanfacility dengan pagu maksimum Rp 200 miliar.Suku bunga tahunan untuk komitmen ini adalah2% diatas JIBOR.

The available facility is revolving loan facility withmaximum limit of Rp 200 billion. The annualinterest rate for this commitment is 2% aboveJIBOR.


This facility is not secured and will be expiring in1 year from the signing date.

Tidak ada fasilitas pinjaman yang digunakan padatanggal 31 Desember 2012.

There was no loan facility drawn down as at31 December 2012.








stated)


PT Bank DBS Indonesia PT Bank DBS Indonesia

Berdasarkan perubahan perjanjian fasilitaspinjaman dengan PT Bank DBS Indonesiatertanggal 4 Juli 2012, yang merupakanperpanjangan dari perjanjian kredit tertanggal4 April 2011, Perusahaan dan entitas anak tertentumemperoleh fasilitas pokok uncommitted shortterm credit sebesar maksimum Rp 150 miliar,dengan sub-sub fasilitas sebagai berikut:

Based on the amendment of the loan facilityagreement with PT Bank DBS Indonesia dated4 July 2012, which was the extension of the creditagreement dated 4 April 2011, the Company andcertain subsidiaries obtained the uncommittedshort term credit main facility with maximum limit ofRp 150 billion with the following sub facilities:

- Import letter of credit dan/atau jaminanperbankan sebesar maksimum Rp 135 miliaratau ekuivalennya dalam Dolar AS dan/ataumata uang asing lainnya yang disetujui olehbank, atau/dan

- Import letter of credit and/or bank guaranteewith maximum limit of Rp 135 billion or itsequivalent in US Dollar currency and/or otherforeign currencies approved by the bank,or/and

- Revolving credit dan/atau jaminan perbankandalam mata uang Rupiah sebesar maksimumRp 150 miliar.

- Revolving credit and/or bank guarantee inRupiah currency with maximum limit ofRp 150 billion.

Suku bunga tahunan untuk fasilitas dalam Rupiahini adalah sebesar 2,00% di atas cost of fund bank.

Annual interest rate for this Rupiah facility is 2.00%above bank’s cost of fund.

Fasilitas ini tidak dijamin dan berakhir pada tanggal5 April 2013.

This facility is not secured and valid until5 April 2013.


There was no loan facility drawn down as at31 December 2012 and 2011.

PT Bank Commonwealth PT Bank Commonwealth

Berdasarkan perubahan perjanjian fasilitaspinjaman dengan PT Bank Commonwealthtertanggal 4 Juli 2012, yang merupakanperpanjangan dari perjanjian kredit tertanggal13 Juni 2011, Perusahaan dan entitas anaktertentu memperoleh fasilitas pinjaman berupaDemand Loan sub limit Letter of Credit (LC)/ SuratKredit Berdokumen Dalam Negeri (SKBDN)sebesar maksimum AS$ 15 juta atau ekuivalennyadalam mata uang Rupiah.

Based on the amendment of the loan facilityagreement with PT Bank Commonwealth dated4 July 2012, which was the extension of the creditagreement dated on 13 June 2011, the Companyand certain subsidiaries obtained the DemandLoan sub limit Letter of Credit (LC)/ Surat KreditBerdokumen Dalam Negeri (SKBDN) withmaximum limit of US$ 15 million or its equivalent inRupiah currency.

Suku bunga tahunan untuk fasilitas Demand Loandalam Dolar AS adalah 1,90% diatas LIBOR 3(tiga) bulan atau dalam Rupiah 1,50% diatas SBI 3(tiga) bulan.

Annual interest rate for the Demand Loan facility forUS Dollar is 1.90% above 3 (three) months LIBORor 1.50% above 3 (three) months SBI for Rupiah.

Fasilitas ini tidak dijamin dan berakhir pada tanggal13 Juni 2013.

This facility is not secured and valid until13 June 2013.


There was no loan facility drawn down as at31 December 2012 and 2011.






stated)


PT Bank Pan Indonesia Tbk PT Bank Pan Indonesia Tbk

Berdasarkan perjanjian kredit dengan PT Bank PanIndonesia Tbk tertanggal 18 Juni 2012, yangmerupakan perpanjangan dari perjanjian kredittertanggal 23 Mei 2011, Perusahaan dan entitasanak tertentu memperoleh fasilitas kredit berupaSight letter of credit dan/atau Sight SKBDN dengantotal pagu maksimum AS$ 40 juta.

Based on credit agreement with PT Bank PanIndonesia Tbk dated on 18 June 2012, which wasthe extension of the credit agreement dated23 May 2011, the Company and certainsubsidiaries obtained a Sight letter of credit and/orSight SKBDN facility with a total maximum limit ofUS$ 40 million.

Fasilitas ini tidak dijamin dan berakhir pada tanggal21 April 2013.


PT Bank Permata Tbk PT Bank Permata Tbk

Pada tanggal 26 April 2010, Perusahaan danentitas anak tertentu mengadakan perjanjian kreditdengan PT Bank Permata Tbk. Fasilitas kredityang diperoleh adalah Sight letter of credit dan/atauUsance letter of credit dan/atau Sight SKBDNdan/atau Usance SKBDN dengan total pagumaksimum Rp 25 miliar.

On 26 April 2010, the Company and certainsubsidiaries entered into a credit agreement withPT Bank Permata Tbk. The credit facility obtainedis a Sight letter of credit and/or Usance letter ofcredit and/or Sight SKBDN and/or Usance SKBDNwith a total maximum limit of Rp 25 billion.

Fasilitas ini tidak dijamin dan berakhir pada tanggal30 September 2013.

This facility is not secured and valid until30 September 2013.

Pembiayaan Pinjaman Bersama Club Loan Financing

Pada tanggal 6 Juli 2009, Perusahaanmenandatangani perjanjian fasilitas pinjamanbersama-sama dengan beberapa pihak pemberipinjaman yaitu: The Bank of Tokyo-Mitsubishi UFJLtd, Oversea-Chinese Banking Corporation,Standard Chartered Bank, NATIXIS dan SumitomoMitsui Banking Corporation.

On 6 July 2009, the Company entered into a clubdeal loan facilities agreement with some lenders,they are: The Bank of Tokyo-Mitsubishi UFJ Ltd,Oversea-Chinese Banking Corporation, StandardChartered Bank, NATIXIS and Sumitomo MitsuiBanking Corporation.

Fasilitas pinjaman yang berlaku berupa Revolvingcredit facility dengan pagu maksimal AS$ 50 jutayang tersedia untuk ditarik dalam masa 3 tahunsejak tanggal perjanjian.

The available facility is Revolving credit facility withmaximum limit of US$ 50 million which is availableto be drawn down for 3 years from the signingdate.

Suku bunga tahunan untuk fasilitas ini adalah 3,5%diatas LIBOR.

Annual interest rate for this facility is 3.5% aboveLIBOR.

Tidak ada jaminan atas fasilitas ini dan telahberakhir pada tanggal 27 April 2012.


Tidak ada fasilitas yang digunakan pada tanggal31 Desember 2011.

There was no facility drawn down as at31 December 2011.






stated)


Pembiayaan Pinjaman Bersama (lanjutan) Club Loan Financing (continued)

Perikatan keuangan atas fasilitas ini adalahsebagai berikut:

The financial covenants for this facility are asfollows:

- Rasio Consolidated Net Borrowings terhadapConsolidated EBITDA, selama periode yangrelevan, tidak lebih dari 3,75 berbanding 1;dan

- The ratio of Consolidated Net Borrowings toConsolidated EBITDA, during any relevantperiod, will not be more than 3.75 to 1; and

- Rasio Consolidated Net Borrowings terhadapConsolidated Tangible Net Worth untukperiode yang relevan tidak lebih dari 1,5berbanding 1.

- The ratio of Consolidated Net Borrowings toConsolidated Tangible Net Worth for anyrelevant period will not be more than 1.5 to 1.

18. KEWAJIBAN IMBALAN KERJA 18. EMPLOYEE BENEFITS OBLIGATIONS

Program pensiun imbalan pasti dikelola oleh DanaPensiun Astra Satu dan pesertanya adalahkaryawan yang telah menjadi peserta DanaPensiun Astra sebelum dan pada tanggal 20 April1992. Program imbalan pasti merupakan programpensiun yang menetapkan jumlah imbalan pensiunyang akan diterima oleh karyawan pada saatpensiun, setelah memperhitungkan faktor-faktor,seperti umur, masa kerja dan jumlah kompensasi.

The defined benefit pension plan is managed byDana Pensiun Astra Satu and its participants are allemployees who were participants of Dana PensiunAstra before and on 20 April 1992. A definedbenefit pension plan is a pension plan that definesthe amount of pension benefit that will be receivedby the employees on retirement by consideringfactors such as age, years of service andcompensation.

Program pensiun iuran pasti dikelola oleh DanaPensiun Astra Dua dan pesertanya adalahkaryawan yang menjadi peserta Dana PensiunAstra sesudah tanggal 20 April 1992.

The defined contribution pension plan is managedby Dana Pensiun Astra Dua and its participants areall employees who became participants of DanaPensiun Astra after 20 April 1992.

Kewajiban imbalan kerja dihitung oleh PT EldridgeGunaprima Solution, aktuaris independen, dalamlaporan tertanggal 15 Januari 2013 (2011: 10Januari 2012).

The employee benefits obligations are calculatedby PT Eldridge Gunaprima Solution, anindependent actuary, in its report dated15 January 2013 (2011: 10 January 2012).

Asumsi aktuarial pokok yang digunakan adalahsebagai berikut:

The principal actuarial assumptions used were asfollows:

2012 2011

Usia pensiun normal 55 tahun/years 55 tahun/years Normal pension ageTingkat diskonto 6% - 7% 7% - 9% Discount rateHasil aset program yang

diharapkan 10% 10% Expected return on plan assetsTingkat gaji masa datang 7,5% 8% Future salary increasesTabel mortalitas TMI III 2011 TMI II 1999 Mortality table






stated)

18. KEWAJIBAN IMBALAN KERJA (lanjutan) 18. EMPLOYEE BENEFITS OBLIGATIONS(continued)

Kewajiban imbalan kerja yang diakui dalamlaporan posisi keuangan konsolidasian adalahsebagai berikut:

The employee benefits obligations recognised inthe consolidated statements of financial positionare as follows:

2012 2011

Imbalan pensiun dan imbalan Pension benefits and otherpascakerja lainnya 366,787 218,701 post-employment benefits

Imbalan kerja jangka panjang Other long-term employeelainnya 96,169 85,964 benefits

Saldo akhir 462,956 304,665 Ending balanceBagian jangka pendek (38,201) (27,218) Current portion

Bagian jangka panjang 424,755 277,447 Non-current portion

Imbalan pensiun dan imbalan pascakerjalainnya

Pension benefits and other post-employmentbenefits

Kewajiban yang diakui adalah sebagai berikut: The employee benefits obligations are as follows:

2012 2011

Nilai kini kewajiban 379,217 279,898 Present value of obligationsNilai wajar aset program (5,363) (6,276) Fair value of plant assets

373,854 273,622Biaya jasa lalu yang belum diakui (7,067) (8,151) Unrecognised past service costKerugian aktuarial yang

belum diakui - (46,770) Unrecognised actuarial losses

366,787 218,701

Mutasi kewajiban adalah sebagai berikut: The movements of the obligations are as follows:

2012 2011

Saldo awal 218,701 169,879 Beginning balanceJumlah yang dibebankan pada

laba tahun berjalan 68,824 61,403 Charged to profit for the yearJumlah yang dibebankan pada Charged to other comprehensive

pendapatan komprehensif lain 88,815 - incomeImbalan dan iuran yang dibayarkan (9,553) (12,581) Contributions and benefits paid








stated)



Pension benefits and other post-employmentbenefits (continued)

Rincian jumlah yang dibebankan adalah sebagaiberikut:

The details of amount charged are as follows:

2012 2011

Biaya jasa kini 45,779 26,249 Current service costBiaya bunga 22,518 20,943 Interest costHasil aset program yang diharapkan (557) (802) Expected return on plan assetsAmortisasi biaya jasa lalu 1,084 1,157 Amortisation of past service costsKerugian aktuarial bersih diakui Net actuarial losses recognised

di tahun berjalan - 13,856 during the year

68,824 61,403

Mutasi nilai kini kewajiban adalah sebagai berikut: The movements in the presents value of obligationare as follows:

2012 2011

Saldo awal 279,898 238,686 Beginning balanceBiaya jasa kini 45,779 26,249 Current service costBiaya bunga 22,518 20,943 Interest costKerugian aktuarial 41,979 10,846 Actuarial lossesKontribusi dan imbalan

yang dibayar (10,957) (16,826) Contributions and benefit paid


Mutasi nilai wajar aset program adalah sebagaiberikut:

The movements in the fair value of plan assets areas follows:

2012 2011

Saldo awal 6,276 10,140 Beginning balanceHasil aset program yang diharapkan 557 802 Expected return on plan assetsKerugian aktuarial (66) (421) Actuarial lossesKontribusi dan imbalan

yang dibayar (1,404) (4,245) Contributions and benefit paid


Hasil aktual aset program pensiun manfaat pastiadalah Rp 491 juta (2011: Rp 381 juta).

The actual return on plan assets of the definedbenefit pension plan was Rp 491 million (2011:Rp 381 million).






stated)



Pension benefits and other post-employmentbenefits (continued)

Aset program terdiri dari: Plan assets comprise the following:

Investasi/ Investment

2012 2011

Instrumen ekuitas (2,247) 41.91% (2,488) 39.65% Equity instrumentInstrumen utang (2,774) 51.72% (3,102) 49.43% Debt instrumentsLain-lain (342) 6.37% (686) 10.92% Others

(5,363) 100.00% (6,276) 100.00%

Hasil yang diharapkan dari aset program ditentukanatas dasar rata-rata pengembalian jangka panjangekuitas sebesar 10% per tahun dan obligasisebesar 10% per tahun dan alokasi jangka panjangantara ekuitas dan obligasi pada setiap program.

The expected return on plan assets is determinedon the basis of long-term average returns onequities of 10% per annum and bonds of 10% perannum and the long-term benchmark allocation ofassets between equities and bonds in each plan.

Kontribusi yang diharapkan untuk program imbalanpascakerja untuk periode yang berakhir pada 31Desember 2013 adalah sebesar Rp 40.908 juta.

Expected contributions to post-employment benefitplans for the period ending 31 December 2013 areRp 40,908 million.

Penyesuaian berdasarkan pengalaman dalamperiode lima tahun adalah sebagai berikut:

The five years history of experience adjustments isas follows:

2012 2011 2010 2009 2008

Nilai kini kewajiban Present value of definedimbalan pasti 379,217 279,898 238,686 253,611 154,651 benefit obligation

Nilai wajar aset program (5,363) (6,276) (10,140) (7,630) (4,188) Fair value of plant assets

Defisit program 373,854 273,622 228,546 245,981 150,463 Deficit in the plan

Penyesuaian berdasarkanpengalaman terhadap Experience adjustmentsaset program (66) (421) 1,453 2,082 (2,231) on plan assets

Penyesuaian berdasarkanpengalaman terhadap Experience adjustmentsliabilitas program 25,618 (9,162) 48,238 (50,036) (11,391) on plan liabilities

Imbalan kerja jangka panjang lainnya Other long-term employee benefits

Mutasi kewajiban adalah sebagai berikut: The movements of the obligations are as follows:

2012 2011

Saldo awal 85,964 65,866 Beginning balanceJumlah yang dibebankan pada

laba tahun berjalan 19,314 33,638 Charged to profit for the yearImbalan dan iuran yang dibayarkan (9,109) (13,540) Contributions and benefits paid








stated)


Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued)

Jumlah yang dibebankan adalah sebagai berikut: The amounts charged are as follows:

2012 2011

Biaya jasa kini 27,234 21,411 Current service costBiaya bunga 5,699 4,835 Interest cost(Kerugian)/ keuntungan aktuarial Net actuarial (losses)/ gains

bersih diakui di tahun berjalan (13,619) 7,392 recognised during the year

19,314 33,638

19. MODAL SAHAM 19. SHARE CAPITAL

2012 dan/and 2011Jumlah Persentasesaham/ kepemilikan/

Number of Percentage of Jumlah/Pemegang saham shares ownership Amount Shareholders

PT Astra International Tbk 1,254,831,088 79.68% 627,416 PT Astra International TbkMasyarakat 319,913,912 20.32% 159,957 Public

1,574,745,000 100.00% 787,373

Merupakan modal saham biasa dengan nilai nominalRp 500 (Rupiah penuh). Modal dasar sebanyak4.000.000.000 saham dimana modal ditempatkandan disetor penuh sebanyak 1.574.745.000 saham.

Represents common share capital with par valueof Rp 500 (full amount). Authorised capital is4,000,000,000 shares in which issued and fullypaid capital are 1,574,745,000 shares.

20. TAMBAHAN MODAL DISETOR 20. ADDITIONAL PAID-IN CAPITAL

2012 2011

Agio saham Shares premiumPenawaran saham perdana 132,090 132,090 Initial public offeringBiaya emisi saham, bersih (3,990) (3,990) Share issuance costs, netOpsi kepemilikan saham oleh Employee stock options

karyawan yang dieksekusi 47,464 47,464 exercisedKapitalisasi ke modal saham (125,800) (125,800) Capitalisation to share capital

49,764 49,764Akumulasi beban kompensasi Accumulated compensation cost

karyawan berbasis saham 33,712 33,712 of employee stock optionsDifference in value of restructuring

Selisih nilai transaksi restrukturisasi transactions among entitiesantar entitas sepengendali (3,173) (3,173) under common control

Selisih transaksi perubahan Difference in equityekuitas entitas anak 3,300 3,300 transactions of subsidiary

83,603 83,603






stated)

21. KEPENTINGAN NONPENGENDALI 21. NON-CONTROLLING INTERESTS

Rincian kepentingan nonpengendali atas ekuitasentitas anak yang dikonsolidasi adalah sebagaiberikut:

Details of non-controling interests in the equity ofconsolidated subsidiaries are as follows:

2012 2011

PT Kimia Tirta Utama 101,710 88,172 PT Kimia Tirta UtamaPT Sari Lembah Subur 72,104 61,178 PT Sari Lembah SuburPT Sari Aditya Loka 58,503 47,877 PT Sari Aditya LokaPT Suryaindah Nusantarapagi 26,524 22,181 PT Suryaindah NusantarapagiPT Gunung Sejahtera Puti Pesona 20,331 17,956 PT Gunung Sejahtera Puti PesonaPT Gunung Sejahtera Dua Indah 19,916 16,950 PT Gunung Sejahtera Dua IndahPT Karya Tanah Subur 14,158 12,278 PT Karya Tanah SuburPT Gunung Sejahtera Yoli PT Gunung Sejahtera Yoli

Makmur 11,746 9,042 MakmurPT Persadabina Nusantaraabadi 5,560 4,284 PT Persadabina NusantaraabadiPT Lestari Tani Teladan 5,004 5,970 PT Lestari Tani TeladanPT Perkebunan Lembah Bhakti 676 655 PT Perkebunan Lembah Bhakti

336,232 286,543

22. SALDO LABA 22. RETAINED EARNINGS

Berdasarkan Undang-undang Perseroan TerbatasIndonesia, perusahaan diharuskan untuk membuatpenyisihan cadangan wajib hingga sekurang-kurangnya 20% dari jumlah modal yangditempatkan dan disetor penuh.

Under the Indonesian Limited Liability Law, acompany is required to set up a statutory reserveamounting to at least 20% of the company’s issuedand paid up capital.

Saldo laba dicadangkan Perusahaan pada tanggal31 Desember 2012 dan 2011 adalah sebesarRp 157.500 juta atau 20% dari modal yangditempatkan dan disetor penuh oleh Perusahaan.

The balance of the appropriated retained earningsof the Company as at 31 December 2012 and 2011is Rp 157,500 million or 20% of the Company’sissued and paid up capital.

Berdasarkan keputusan Rapat Direksi yang telahmemperoleh persetujuan Dewan Komisaris padatanggal 21 September 2012, diputuskan untukmembagikan dividen kas interim atas laba tahunbuku 2012 sebesar Rp 362.191 juta atau Rp 230(Rupiah penuh) per saham kepada pemegangsaham yang tercatat pada tanggal 19 Oktober2012.

Based on the Directors Meeting’s decision whichwas approved by the Board of Commissioners on21 September 2012, it was decided to distributeinterim cash dividends from the 2012 profit of Rp362,191 million or Rp 230 (full amount) per shareto the shareholders registered as at19 October 2012.






stated)

22. SALDO LABA (lanjutan) 22. RETAINED EARNINGS (continued)

Dalam Rapat Umum Tahunan Pemegang Sahamyang diselenggarakan pada tanggal 17 April 2012,pemegang saham menyetujui pembagian dividenkas atas laba tahun buku 2011 sebesar Rp1.566.872 juta atau Rp 995 (Rupiah penuh) persaham kepada pemegang saham yang tercatatpada tanggal 11 Mei 2012. Dari jumlah dividentersebut, termasuk di dalamnya pembagian dividenkas interim sebesar Rp 472.424 juta atau Rp 300(Rupiah penuh) per saham kepada pemegangsaham yang tercatat pada tanggal 27 Oktober2011, yang telah diputuskan oleh Rapat Direksidan disetujui oleh Dewan Komisaris pada tanggal29 September 2011.

In the Annual General Shareholders’ Meeting heldon 17 April 2012, the shareholders approved thedistribution of cash dividends from the 2011 profitof Rp 1,566,872 million or Rp 995 (full amount) pershare to the shareholders registered as at 11 May2012. These dividends included the distribution ofinterim cash dividends of Rp 472,424 million or Rp300 (full amount) per share to the shareholdersregistered as at 27 October 2011 which have beendecided by the Directors Meeting and approved bythe Board of Commissioners on 29 September2011.

Dalam Rapat Umum Tahunan Pemegang Sahamyang diselenggarakan pada tanggal 29 April 2011,pemegang saham menyetujui pembagian dividenkas atas laba tahun buku 2010 sebesar Rp1.307.038 juta atau Rp 830 (Rupiah penuh) persaham kepada pemegang saham yang tercatatpada tanggal 25 Mei 2011. Dari jumlah dividentersebut, termasuk di dalamnya pembagian dividenkas interim sebesar Rp 299.202 juta atau Rp 190(Rupiah penuh) per saham kepada pemegangsaham yang tercatat pada tanggal 29 Oktober2010, yang telah diputuskan oleh Rapat Direksidan disetujui oleh Dewan Komisaris pada tanggal4 Oktober 2010.

In the Annual General Shareholders’ Meeting heldon 29 April 2011, the shareholders approved thedistribution of cash dividends from the 2010 profitof Rp 1,307,038 million or Rp 830 (full amount) pershare to the shareholders registered as at 25 May2011. These dividends included the distribution ofinterim cash dividends of Rp 299,202 million or Rp190 (full amount) per share to the shareholdersregistered as at 29 October 2010 which have beendecided by the Directors Meeting and approved bythe Board of Commissioners on 4 October 2010.

23. INFORMASI SEGMEN OPERASI 23. OPERATING SEGMENT INFORMATION

Pada dasarnya Grup bergerak dalam satusegmen operasi yaitu usaha kelapa sawit.Berikut ini adalah informasi tambahansehubungan dengan operasi Grup berdasarkanwilayah geografis:

The Group principally operates in one operatingsegment which is palm oil business. Below is theadditional information regarding the operation ofthe Group based on geographical area:

Pendapatan bersih/ Laba bruto / Laba tahun berjalan/ Total aset /Net revenue Gross profit Profit for the year Total assets

2012 2011 2012 2011 2012 2011 2012 2011

Sumatra 5,570,371 5,532,025 1,637,430 1,409,920 1,047,962 916,700 3,784,877 3,228,588 SumatraKalimantan 5,294,163 4,606,977 1,974,504 1,610,972 1,144,751 947,970 9,076,284 6,998,631 KalimantanSulawesi 2,993,791 2,800,146 721,771 900,716 381,365 621,901 2,999,599 2,628,252 Sulawesi

13,858,325 12,939,148 4,333,705 3,921,608 2,574,078 2,486,571 15,860,760 12,855,471

Kantor pusat Head officedan lainnya - - - - 57,495 180,041 504,718 733,663 and other

Eliminasi (2,294,006) (2,166,566) 23,777 13,300 (111,307) (168,047) (3,945,658) (3,384,639) Eliminations

11,564,319 10,772,582 4,357,482 3,934,908 2,520,266 2,498,565 12,419,820 10,204,495

Seluruh pendapatan konsolidasi bersihmerupakan penjualan kepada pelanggan pihakketiga.

All net consolidated revenue represented sales tothird party customers.






stated)

23. INFORMASI SEGMEN OPERASI (lanjutan) 23. OPERATING SEGMENTS INFORMATION(continued)

Rincian penjualan berdasarkan produk: Detail of sales based on product:

2012 2011

Minyak sawit mentah 10,426,303 9,509,780 Crude palm oilInti sawit dan turunannya 1,062,795 1,219,479 Palm kernel and its derivativesLainnya 75,221 43,323 Others

11,564,319 10,772,582

Rincian penjualan kepada satu pelanggan yangmelebihi 10% dari pendapatan bersih:

Detail of sales to a third party customer exceeding10% of net revenue:

2012 2011

PT Wilmar Nabati Indonesia 2,263,630 19.57% 2,080,534 19.31% PT Wilmar Nabati IndonesiaPT Intibenua Perkasatama 1,378,270 11.92% 642,735 5.97% PT Intibenua PerkasatamaPT Salim Ivomas Pratama Tbk 1,262,027 10.91% 503,196 4.67% PT Salim Ivomas Pratama TbkLain-lain (masing-masing < 10%) 6,660,392 57.60% 7,546,117 70.05% Others (each < 10%)

11,564,319 100.00% 10,772,582 100.00%

24. BEBAN POKOK PENDAPATAN 24. COST OF REVENUE

2012 2011

Beban produksi berdasarkan sifat: Cost of production by nature:Penggunaan bahan baku dan Raw materials used and

biaya pengolahan 3,731,478 3,428,317 processing costsBiaya panen dan Harvesting and maintenance

pemeliharaan 2,249,153 2,079,257 costsPerawatan infrastruktur dan Infrastructure maintenance

peralatan kerja 526,125 627,628 and tools/partsPenyusutan 417,616 282,129 DepreciationPerbaikan dan perawatan pabrik 218,430 236,864 Factory repair and maintenanceGaji dan kesejahteraan karyawan 201,249 173,687 Salaries and employee benefitsLain-lain 111,262 109,974 Others

Jumlah beban produksi 7,455,313 6,937,856 Total production costs

Persediaan barang jadi: Finished goods:Awal 406,515 306,333 BeginningAkhir (654,991) (406,515) Ending

7,206,837 6,837,674

Tidak ada pembelian dari satu pemasok pihakketiga maupun satu pihak berelasi yang melebihi10% dari pendapatan bersih.

No purchases from a third party and a related partysupplier exceeding 10% of net revenue.






stated)

25. BEBAN USAHA 25. OPERATING EXPENSES

Beban umum dan administrasi General and administrative expenses

2012 2011

Rincian berdasarkan sifat: Details by nature:Gaji dan kesejahteraan karyawan 179,994 172,993 Salaries and employee benefitsPengembangan lingkungan sosial 65,943 54,678 Community developmentBeban pajak 62,530 41,671 Tax expensePenyusutan 59,602 46,720 DepreciationHonorarium tenaga ahli 36,275 32,199 Professional feesKeselamatan dan lingkungan kerja 27,950 25,060 Safety and environmentPelatihan dan rekrutmen 27,755 18,903 Training and recruitmentOverhead kantor 19,038 21,404 Office overheadPerjalanan dinas 11,565 9,498 Business travellingRiset dan pengembangan 11,008 7,459 Research and developmentEkspedisi 8,190 12,349 ExpeditionLain-lain 12,452 5,044 Others

522,302 447,978

Beban penjualan

Terutama merupakan beban pengiriman danongkos angkut.

Selling expenses

Mainly represent freight and delivery charges.

26. BIAYA PENDANAAN 26. FINANCE COST

2012 2011

Bunga pinjaman bank 24,073 - Interest of bank loansKomitmen fasilitas bank 5,123 5,806 Commitment of bank facility

29,196 5,806

27. PENGHASILAN BUNGA 27. INTEREST INCOME

2012 2011

Jasa giro 10,806 10,118 Current accountsDeposito berjangka 7,290 79,413 Time depositsLain-lain 3,920 3,902 Others

22,016 93,433






stated)

28. LAIN-LAIN, BERSIH 28. OTHERS, NET

2012 2011

Pendapatan lain-lain, terdiri dari: Other income, are as follows:Pendapatan kerjasama program Income from cooperation of

plasma 37,864 7,222 plasma programPendapatan cangkang kelapa

sawit 24,800 24,563 Income from oil palm shellPendapatan klaim 15,157 9,652 Claim incomePendapatan sewa 2,489 2,154 Rental incomePengembalian dan bunga

restitusi pajak 2,191 22,005 Tax refund and interestPengembalian iuran pensiun 1,756 1,921 Pension contribution refundPenjualan bibit 1,737 5,515 Sales of seedsImbalan pemasaran 162 1,129 Marketing feeLain-lain 614 2,356 Others

86,770 76,517

Beban lain-lain, terdiri dari: Other expenses, are as follows:Penghapusan tanaman (7,257) (6,862) Plantations written offLain-lain (343) (444) Others

(7,600) (7,306)

79,170 69,211

29. LABA PER SAHAM 29. EARNINGS PER SHARE

2012 2011

Laba yang dapat diatribusikan Profit attributable tokepada pemilik Perusahaan 2,410,259 2,405,564 owners of the Company

Rata-rata tertimbang jumlah Weighted average number ofsaham biasa yang beredar ordinary shares outstanding(lembar saham) 1,574,745,000 1,574,745,000 (number of shares)

Laba per saham dasar/dilusian Basic/diluted earnings per share(Rupiah penuh) 1,530.57 1,527.59 (full amount)

Grup tidak memiliki efek berpotensi saham yangbersifat dilutif sehingga tidak ada dampak dilusianpada perhitungan laba per saham.

The Group did not have any dilutive potentialshares, as such, there was no dilutive impact to thecalculation of earnings per share.






stated)

30. ASET DAN LIABILITAS MONETER DALAMMATA UANG ASING

30. MONETARY ASSETS AND LIABILITIES INFOREIGN CURRENCIES

Saldo utama atas aset dan liabilitas moneter dalammata uang asing adalah dolar AS, sedangkan saldomata uang asing lainnya disajikan dalam jumlahyang setara dengan dolar AS.

The main balance of monetary assets andliabilities denominated in foreign currency is USdollar, while other foreign currencies balance arepresented as US dollar equivalent.

Dolar AS/ Mata uang Dolar AS/ Mata uangUS Dollars asing lainnya/ US Dollars asing lainnya/

Other foreign Other foreign Setara Rupiah/currencies currencies Rupiah equivalent

(dalam ribuan/in thousands) (dalam ribuan/in thousands) (dalam jutaan/in millions)2012 2011 2012 2011

Aset moneter Monetary assetsCash and cash

Kas dan setara kas 3,029 - 18,327 - 29,292 166,192 equivalentsPiutang usaha 3,432 - 2,285 - 33,192 20,719 Trade receivablesPiutang lain-lain 10,106 - 10,780 - 97,730 97,756 Other receivables

16,567 - 31,392 - 160,214 284,667

Liabilitas moneter Monetary liabilitiesUtang usaha dan Trade payables and

liabilitas lain-lain (1,924) (243) (2,145) (536) (20,954) (24,311) other liabilitiesPinjaman bank Short-term

jangka pendek (85,000) - - - (821,950) - bank loans

(86,924) (243) (2,145) (536) (842,904) (24,311)

Jumlah (liabilitas)/aset Total net monetarymoneter bersih (70,357) (243) 29,247 (536) (682,690) 260,356 (liabilities)/assets

Apabila aset dan liabilitas moneter bersih dalammata uang asing pada tanggal 31 Desember 2012menguat/melemah sebesar 10% terhadap Rupiahdengan asumsi variabel lainnya tidak mengalamiperubahan, maka laba setelah pajak Grup akanturun/naik sebesar Rp 51.203 juta (2011: naik/turunsebesar Rp 19.526 juta), hal ini terutamadiakibatkan keuntungan/kerugian penjabaran nilaitukar mata uang asing.

If the net monetary assets and liabilities in foreigncurrencies as at 31 December 2012 hadstrengthened/weakened by 10% against Rupiahwith all other variables held constant, the profitafter tax of the Group would decreased/increasedby Rp 51,203 million (2011: increased/decreasedby Rp 19,526 million), arising mainly from foreignexchange gains/losses taken to the profit or loss.

31. PIUTANG JANGKA PANJANG 31. LONG-TERM RECEIVABLES

Merupakan tagihan berupa obligasi kepada PTAgro Maju Raya sehubungan dengan pelepasanentitas anak pada tahun 2010.

Bond receivables to PT Agro Maju Raya inconnection with the disposal of subsidiary in 2010.

Sisa jumlah pokok obligasi pada tanggal31 Desember 2012 sebesar AS$ 10.048.551(2011: AS$ 10.701.812), dengan bagian lancarsebesar AS$ 674.427 (2011: AS$ 653.261). Pokokobligasi ini berbunga tetap sebesar 3,24% pertahun dan akan dilunasi secara angsuran setiaptahunnya hingga tahun 2020.

The remaining principal amount of the bondreceivables at 31 December 2012 is amountedUS$ 10,048,551 (2011: US$ 10,701,812), withcurrent portion of US$ 674,427 (2011:US$ 653,261). These bond receivables bear fixedinterest rate of 3.24% per annum and shall berepaid under installments basis annually until 2020.

Tagihan obligasi ini dijamin dengan gadai sahamentitas anak yang dilepas tersebut.

The bond receivables are secured by pledge ofshares of the disposed subsidiary.






stated)

32. PENJAMINAN, KOMITMEN DAN GUGATANHUKUM

32. GUARANTEES, COMMITMENTS ANDLAWSUITS

a. Penjamin utang petani plasma

Entitas anak sebagai perusahaan inti, dalampengembangan perkebunan plasma polaKKPA menjamin pembayaran kembalipinjaman petani plasma ke bank (lihat Catatan12).

a. Guarantor of plasma farmers’ loans

A subsidiariy as nucleus in the development ofplasma plantations, under KKPA scheme,guarantees repayment of plasma farmers’loans to the banks (see Note 12).

b. Komitmen untuk perolehan aset tetap

Jumlah komitmen untuk perolehan aset tetapsebesar Rp 808.517 juta (2011: Rp 671.967juta).

b. Commitments for acquisition of fixed assets

Commitments for acquisition of fixed assetswere Rp 808,517 million (2011: Rp 671,967million).

c. Gugatan hukum

Pada tahun 2004, PT Eka Dura Indonesia(EDI), entitas anak, digugat secara hukumyang jumlahnya diperkirakan sebesar Rp 709miliar dari Badan Pengawas Dampak AnalisaLingkungan Riau (Bapedal Riau) atas polusiyang disebabkan oleh kebakaran ketikamengadakan pembersihan lahan. Manajemenmengajukan keberatan atas gugatan tersebutkepada Bapedal Riau dan Kejaksaan NegeriRiau dengan dasar bahwa areal tersebut telahdiserahkan kepada koperasi dan kebakarantersebut disebabkan oleh masyarakat sekitarbukan oleh EDI. Telah ditetapkan tersangkayaitu koperasi setempat. Namun sampaidengan tanggal laporan keuangankonsolidasian ini, gugatan hukum olehBapedal Riau kepada EDI belum dicabut.

c. Lawsuits

In 2004, PT Eka Dura Indonesia (EDI),a subsidiary, received a lawsuit forapproximately Rp 709 billion from the RiauEnviromental Impact Supervisory Board(Bapedal Riau) for pollution caused by fireduring land clearing. Management filed anobjection against this lawsuit to Bapedal Riauand the Riau District Attorney on the basis thatthe area had already been handed over toa local cooperative and the fire was created bythe local community not EDI. A defendant,local cooperative, had been notified. However,at the date of these consolidated financialstatements, the lawsuit addressed to EDI byBapedal Riau has not been revoked.






stated)

32. PENJAMINAN, KOMITMEN DAN GUGATANHUKUM (lanjutan)

32. GUARANTEES, COMMITMENTS ANDLAWSUITS (continued)

c. Gugatan hukum (lanjutan) c. Lawsuits (continued)

Pada tahun 2008, PT Mamuang (MMG),entitas anak, digugat oleh PerkumpulanKelompok Pemberdayaan Tani dan NelayanPesisir Pantai Kabupaten Mamuju Utara untukmembayar ganti rugi sebesar Rp 990 miliardan klaim hak atas tanah yang berada diatastanah bersertifikat HGU tahun 1997 milikMMG. Pengadilan Negeri Mamuju - SulawesiBarat memutuskan bahwa MMG membayarganti rugi sebesar Rp 61,2 miliar. MMGmengajukan banding atas putusan ini. Padabulan April 2009, keputusan Pengadilan TinggiMakassar menguatkan keputusan PengadilanNegeri Mamuju. Pada bulan Juni 2009, MMGmengajukan kasasi dan pada bulan Mei 2010,Mahkamah Agung Republik Indonesiamemutuskan mengabulkan kasasi MMG yangmembatalkan putusan Pengadilan TinggiMakasar dan putusan Pengadilan NegeriMamuju. Pada bulan Maret 2011,Perkumpulan Kelompok Pemberdayaan Tanidan Nelayan Pesisir Pantai KabupatenMamuju Utara mengajukan memoriPeninjauan Kembali dan pada bulan April2011, MMG telah mengajukan kontra memoriPeninjauan Kembali. Sampai dengan tanggallaporan keuangan konsolidasian ini, perkaratersebut masih dalam proses.

In 2008, PT Mamuang (MMG), a subsidiary,was sued by Perkumpulan KelompokPemberdayaan Tani and Nelayan PesisirPantai Kabupaten Mamuju Utara to pay anindemnity of Rp 990 billion and claim for theland right which located on the HGU areaissued in 1997, owned by MMG. The DistrictCourt of Mamuju - West Sulawesi decided thatMMG should pay the indemnity ofRp 61.2 billion. In response to this decision,MMG had submitted an appeal. In April 2009,the High Court of Makassar decided to confirmthe District Court of Mamuju’s decision. InJune 2009, MMG submitted a cassation and inMay 2010, the Supreme Court of the Republicof Indonesia decided to accept the MMG’scassation and revoked both the High Court ofMakassar’s decision and the District Court ofMamuju’s decision. In March 2011,Perkumpulan Kelompok Pemberdayaan Taniand Nelayan Pesisir Pantai Kabupaten MamujuUtara submitted a Judicial Review and in April2011, MMG submitted a contra memory ofJudicial Review. Until the date of theseconsolidated financial statements, the case isstill in process.






stated)

32. PENJAMINAN, KOMITMEN DAN GUGATANHUKUM (lanjutan)

32. GUARANTEES, COMMITMENTS ANDLAWSUITS (continued)

c. Gugatan hukum (lanjutan)

Pada bulan April 2009, melalui PengadilanTata Usaha Negara (PTUN) di Makassar,Kepala Badan Pertanahan Nasional (BPN)Mamuju Utara digugat oleh PT IndonesiaUnggul Bersatu (IUB) untuk membatalkansertifikat HGU seluas 30.442 hektar diKabupaten Mamuju Utara, yang telahditerbitkan untuk empat entitas anak yaitu PTMamuang, PT Letawa, PT Suryaraya Lestaridan PT Pasangkayu. Sehubungan denganperkara tersebut, pada bulan Juni 2009 ke-empat entitas anak tersebut melakukanintervensi untuk membela kepentingannyaatas sertifikat HGU tersebut. Pada bulanNopember 2009, PTUN memutuskanmemerintahkan BPN untuk membatalkanpenerbitan sertifikat HGU. Atas putusantersebut, pada bulan Desember 2009 ke-empat entitas anak menyatakan banding danpada bulan Mei 2010 Pengadilan Tinggi TataUsaha Negara (PTTUN) Makassarmemutuskan membatalkan putusan PTUNtersebut diatas. Pada bulan Juli 2010 IUBmengajukan kasasi dan pada bulan Agustus2010 ke-empat entitas anak mengajukankontra memori kasasi. Pada bulan November2011, Mahkamah Agung Republik Indonesiamenyatakan gugatan IUB tidak dapat diterima.Pada bulan Oktober 2012, IUB mengajukanpeninjauan kembali dan sampai dengantanggal laporan keuangan konsolidasian inimasih dalam proses di Mahkamah AgungRepublik Indonesia.

c. Lawsuits (continued)

In April 2009, through the State AdministrativeCourt (PTUN) in Makassar, Head of NationalLand Office (BPN) of North Mamuju received alawsuit from PT Indonesia Unggul Bersatu(IUB) to revoke the certificate of HGU of 30,442hectares at North Mamuju district which hadbeen issued for four subsidiaries, namelyPT Mamuang, PT Letawa, PT SuryarayaLestari and PT Pasangkayu. In relation to thiscase, in June 2009, the four subsidiariessubmitted an intervention memorandum todefend their right of the HGU certificates. InNovember 2009, PTUN decided commandingBPN to revoke the issuance of thosecertificates. In response to the PTUN’sdecision, in December 2009 the foursubsidiaries declared to appeal and inMay 2010 the High Administrative Court(PTTUN) of Makassar decided to revoke thePTUN’s decision. In July 2010, IUB submitted acassation and in August 2010 the foursubsidiaries submitted a contra memory ofcassation. In November 2011, the SupremeCourt of the Republic of Indonesia decided todecline IUB lawsuit. In October 2012, IUBsubmitted a Judicial Review and up to the dateof these consolidated financial statements, thecase is still in process in the Supreme Court ofthe Republic of Indonesia.

33. MANAJEMEN RISIKO KEUANGAN 33. FINANCIAL RISK MANAGEMENT

Risiko keuangan Financial risks

Aktivitas Grup menghadapi berbagai macam risikokeuangan, terutama: risiko nilai tukar mata uangasing dan risiko fluktuasi harga CPO.

The Group’s activities are exposed to certainfinancial risks, mainly: foreign exchange rate andfluctuation of CPO price risks.

Sebagian besar bisnis Grup bergantung padakondisi pasar komoditas CPO dan untukmendukung stabilitas keuangan operasional, Grupmengambil kebijakan yang sedapat mungkinmeminimalisasi dampak risiko keuangan.

Majority of the Group’s business depends on theCPO market condition and to support its financialstability, the Group adopts a policy to minimise theimpact of the financial risks.






stated)

33. MANAJEMEN RISIKO KEUANGAN (lanjutan) 33. FINANCIAL RISK MANAGEMENT (continued)

Risiko keuangan (lanjutan) Financial risks (continued)

Melalui pendekatan yang terkoordinasi, Grupmenerapkan sistem penerimaan kas di depanuntuk penjualan domestik produk utamanya dankebijakan perencanaan keuangan yaitupengelolaan penerimaan dalam mata uang asingdisesuaikan dengan kebutuhan operasional dansaldo liabilitas moneter dalam mata uang asing(lindung nilai alamiah).

Through a coordinated approach, the Groupimplements a system of cash received in advancefor domestic sales transactions of its main productand financial planning policies such as managingcash receipts in foreign currency based onoperational needs and balance of monetaryliabilities in foreign currency (natural hedging).

Pengelolaan risiko likuiditas dilakukan antara laindengan memonitor profil jatuh tempo pinjaman dansumber pendanaan, menjaga saldo kecukupan kasdan setara kas serta memastikan tersedianyapendanaan dari sejumlah fasilitas kredit yang adadan kesiapan untuk menghadapi perubahan pasar.

The liquidity risk management includes managingthe profile of loans maturities and funding sources,maintaining sufficient cash and cash equivalents,and ensuring the availability of funding fromexisting credit facilities and the ability to face themarket changes.

Tidak terdapat konsentrasi risiko kredit signifikankarena Grup menerapkan sistem penerimaandimuka atas penjualan domestik produk utamanya,sedangkan nilai penjualan ekspor relatif tidaksignifikan dan penerimaan kasnya kurang dari satubulan.

There is no concentration of significant credit riskas the Group implements a system of cashreceived in advance for domestic salestransactions of its main product, while the exportsales amount is relatively not significant and thecash receipt is less than one month.

Nilai eksposur maksimal risiko kredit tercerminpada setiap aset keuangan yang tercatat padalaporan posisi keuangan konsolidasian.

The maximum exposure of credit risk is reflected ineach financial asset recorded in the consolidatedstatements of financial position.

Seluruh piutang dilakukan evaluasi secara periodiksehingga dapat diantisipasi kolektibilitasnya.

All receivables are evaluated periodically in whichthe collectibility can be anticipated.

Profil jatuh tempo pinjaman jangka pendek adalah3 bulan sejak tanggal penarikan dan untuk utangusaha adalah berkisar 14 sampai dengan 45 hari.

The maturity profile for short-term borrowings is 3months from drawn down date and for tradepayables it is in the range of 14 to 45 days.

Sesuai kondisi saat ini, Grup mengelola risikofluktuasi suku bunga pasar dan selisih kurs yangberasal dari pinjaman jangka pendek melaluipertimbangan penggunaan fasilitas kredit dalambentuk Rupiah atau mata uang asing dan secaraaktif mencari biaya modal yang lebih kompetitif.

Based on current condition, Group manages thefluctuation of market interest rate and foreignexchange risk arising from short-term borrowingsthrough considering the usage of credit facilities inRupiah or foreign currency and actively seeks for acompetitive cost of capital.

Pada tanggal 31 Desember 2012, apabila tingkatsuku bunga pinjaman lebih tinggi atau lebih rendah100 basis poin dengan asumsi variabel lainnyatidak mengalami perubahan, maka laba setelahpajak Grup akan turun/naik sebesar Rp 772 juta(2011: Rp nihil).

As at 31 December 2012, if borrowings interestrates had been 100 basis points higher/lower withall other variables held constant, the Group’s profitafter tax would decreased/increased by Rp 772million (2011: Rp nil).

Nilai wajar aset keuangan dan liabilitas keuangantidak berbeda signifikan dengan nilai tercatat yangada pada laporan posisi keuangan.

The fair value of financial assets and financialliabilities is not significantly different with thecarrying amount recorded in the statements offinancial position.






stated)

33. MANAJEMEN RISIKO KEUANGAN (lanjutan) 33. FINANCIAL RISK MANAGEMENT (continued)

Pengelolaan modal Capital management

Dalam mengelola permodalannya, Grupsenantiasa mempertahankan kelangsungan usahaserta memaksimalkan manfaat bagi pemegangsaham dan pemangku kepentingan lainnya.

In managing capital, the Group safeguards itsability to continue as a going concern and tomaximise benefits to the shareholders and otherstakeholders.

Grup secara aktif dan rutin menelaah danmengelola permodalannya untuk memastikanstruktur modal dan pengembalian yang optimalbagi pemegang saham, denganmempertimbangkan efisiensi penggunaan modalberdasarkan arus kas operasi dan belanja modal,serta mempertimbangkan kebutuhan modal dimasa yang akan datang.

The Group actively and regularly reviews andmanages its capital to ensure the optimal capitalstructure and return to the shareholders, takinginto consideration the efficiency of capital usagebased on operating cash flow and capitalexpenditures and also consideration of capitalneeds in the future.

Grup memonitor modal berdasarkan rasio gearingkonsolidasian. Rasio gearing dihitung denganmembagi pinjaman bersih dengan kekayaanberwujud bersih.

The Group monitors capital on the basis of theGroup’s consolidated gearing ratio. The gearingratio is calculated as net borrowing divided bytangible net worth.

Rasio gearing pada tanggal 31 Desember 2012dan 2011 adalah sebagai berikut :

The gearing ratio as at 31 December 2012 and2011 are as follow:

2012 2011

Jumlah pinjaman 971,950 - Total borrowingKas dan setara kas (227,769) (838,190) Cash and cash equivalents

Pinjaman bersih 744,181 (838,190) Net borrowing

Total aset 12,419,820 10,204,495 Total assetsTotal liabilitas (3,054,409) (1,778,337) Total liabilitiesGoodwill (55,951) (55,951) Goodwill

Kekayaan berwujud bersih 9,309,460 8,370,207 Tangible net worth

Rasio gearing (%) 8% - Gearing ratio (%)






stated)

34. ESTIMASI DAN PERTIMBANGAN AKUNTANSIYANG PENTING

34. CRITICAL ACCOUNTING ESTIMATES ANDJUDGEMENTS

Masa manfaat dan beban penyusutan atastanaman dan aset tetap ditentukan berdasarkanestimasi, dimana beban penyusutan akandisesuaikan jika masa manfaatnya berbeda dariestimasi sebelumnya atau jika aset akandihapusbukukan atau dilakukan penurunan nilaikarena usang atau dihentikan penggunaannya.

The useful lives and depreciation expenses of theplantations and fixed assets are determined basedon estimates, whereas the depreciation expenseswill be revised if the useful lives are different fromthose previously estimated or in case the assetswill be written off or will be impaired due toobsolence or retirement.

Perhitungan kewajiban imbalan kerja tergantungpada sejumlah asumsi aktuaria, seperti: tingkatpengembalian atas aset program, tingkat diskontodan asumsi penting lainnya yang sebagianberdasarkan kondisi pasar saat ini.

The calculation of employee benefits obligationdepends on the actuarial assumptions used, suchas: return rate of plan assets, discount rate andsome other key assumptions which are based inpart on current market conditions.

Penentuan provisi perpajakan memerlukanpertimbangan signifikan, yang mana keputusanfinal atas provisi perpajakan tersebut bisa berbedadari jumlah yang tercatat. Adapun pengakuan asetpajak tangguhan tergantung pada harapan danestimasi terhadap tersedianya laba kena pajakmasa depan.

Determining of the tax provision needs significantjudgements, in which the final assessment of thosetax provision could differ from the carrying amount.While the recognition of deferred tax assetsdepends on the expectation and estimates ofavailability of future taxable income.

Setiap perubahan dalam asumsi, estimasi danpertimbangan tersebut diatas, bisa memiliki risikosignifikan yang berdampak pada penyesuaianmaterial terhadap jumlah tercatat aset danliabilitas dalam periode pelaporan berikutnya.

Any changes in assumptions, estimates andjudgements as stated above, may have significantrisks which expose a material adjustment to thecarrying amounts of assets and liabilities within thenext reporting period.

35. REKLASIFIKASI AKUN 35. RECLASSIFICATION OF ACCOUNTS

Akun tertentu dalam laporan keuangan tahun2011 telah direklasifikasi agar sesuai denganpenyajian akun pada laporan keuangan tahun2012 yang menurut pendapat manajemenmencerminkan penyajian yang lebih tepat,sebagai berikut:

Certain accounts in the 2011 financial statementhave been reclassified to conform withpresentation of accounts in the 2012 financialstatements, which in the opinion of managementare more appropriately presented, as follows:

Sebelum Setelahreklasifikasi/ reklasifikasi/

Before Afterreclassification reclassification

Akun laporan posisi Consolidated statement ofkeuangan konsolidasian financial position account

Uang muka 206,546 177,184 AdvancesPerkebunan plasma 351,344 482,593 Plasma plantationsAset lain-lain 285,155 183,268 Other assetsKewajiban imbalan kerja Employee benefits obligations

- jangka pendek - 27,218 - currentKewajiban imbalan kerja Employee benefits obligations

- jangka panjang 304,665 277,447 - non-current






stated)

36. STANDAR AKUNTANSI YANG BERLAKUEFEKTIF PADA TAHUN 2013

36. ACCOUNTING STANDARD EFFECTIVE IN 2013

Standar akuntansi baru/revisi yang relevanterhadap kegiatan operasi Grup, telahdipublikasikan dan akan efektif pada tahun 2013adalah:

The following new/revised accounting standardwhich is relevant to the Group’s operations, havebeen published and is effective in 2013, as follows:

- PSAK No. 38 : Kombinasi Bisnis pada Entitas Sepengendali / Business Combination on Entitiesunder Common Control

Grup masih mempelajari dampak yang mungkintimbul atas penerbitan standar akuntansikeuangan tersebut.

The Group is still evaluating the possible impact onthe issuance of this financial accounting standard.

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