Report TPSF - Des 2008

R/101.AGA/5.
2/03/09
PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk
DAN PERUSAHAAN ANAK AND SUBSIDIARIES
NERACA KONSOLIDASIAN CONSOLIDATED BALANCE SHEETS
Per 31 Desember 2008 dan 2007 As of December 31, 2008 and 2007
(Dalam Rupiah Penuh) (In Full Rupiah)
ASET Catatan/ 2008 2007 ASSETS

Note (Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
ASET LANCAR CURRENT ASSETS
Kas dan Setara Kas 2.c, 2.d, 4, 29 20,278,782,484 15,968,713,539 Cash and Cash Equivalents
Investasi Jangka Pendek 2.e, 5, 29 6,939,803,263 10,959,341,809 Short-Term Investments
Piutang Usaha Accounts Receivable
Pihak Hubungan Istimewa 2.f, 6, 27 1,179,362,002 1,157,632,728 Related Parties
Pihak Ketiga Third Parties
(Setelah dikurangi akumulasi penyisihan (Net of accumulated allowance for
piutang ragu-ragu sebesar Rp 843.384.888 doubtful accounts of Rp 843,384,888
dan Rp 353.319.662 per 31 Desember and Rp 353,319,662 as of December
2008 dan 2007) 2.f, 6 82,449,213,633 72,915,066,317 31, 2008 and 2007, respectively)
Piutang Lain-lain 229,685,626 770,717,773 Others Receivable
Persediaan Inventories
(Net of accumulated allowance for
(Setelah dikurangi akumulasi penyisihan inventories obsolescenses of
persediaan usang sebesar Rp 200.297.991 Rp 200,297,991 as of December 31,
per 31 Desember 2008 dan 2007) 2.g, 7 195,362,283,386 154,985,620,557 2008 and 2007, respectively)
Pajak Dibayar di Muka 2.o, 14.a 2,685,617,474 1,731,740,949 Prepaid Taxes
Biaya Dibayar di Muka 491,314,303 720,024,446 Prepaid Expenses
Uang Muka 8 13,176,911,872 12,996,308,873 Advance Payment
Jumlah Aset Lancar 322,792,974,043 272,205,166,991 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang Pihak Hubungan Istimewa Due from Related Parties
(Net of accumulated allowance for
(Setelah dikurangi akumulasi penyisihan doubtful accounts of Rp 3,387,701,700
piutang ragu-ragu sebesar Rp 3.387.701.700 as of December 31, 2008 and 2007,
per 31 Desember 2008 dan 2007) 2.f, 27 -- 2,428,746,752 respectively)
Penyertaan Saham 2.e 26,003,001 21,776,000 Investment in Shares of Stock
Aset Pajak Tangguhan 2.o, 14.c 522,008,243 1,467,793,878 Deferred Tax Assets
Aset Tetap 2.h, 9 Property, Plant and Equipment
(Setelah dikurangi akumulasi penyusutan (Net of accumulated depreciation of
sebesar Rp 163.254.120.362 dan Rp 163,254,120,362 and
Rp 124.464.891.914 pada 31 Desember Rp 124,464,891,914 as of December
2008 dan 2007) 559,524,386,372 406,593,952,295 31, 2008 and 2007, respectively)
Tanaman Perkebunan Biological Assets
(Setelah dikurangi akumulasi penyusutan (Net of accumulated depreciation of
sebesar Rp 5.761.102.646 dan Rp 5,761,102,646 and
Rp 3.653.212.214 per 31 Desember Rp 3,653,212,214 as of December 31,
2008 dan 2007) 2.i, 10 124,876,227,589 100,756,733,460 2008 and 2007, respectively)
Aset Tetap yang Tidak Digunakan 2.h, 2.k, 9 9,216,155,903 9,216,155,903 Unutilized Assets
Jumlah Aset Tidak Lancar 694,164,781,108 520,485,158,288 Total Non Current Assets
JUMLAH ASET 1,016,957,755,151 792,690,325,279 TOTAL ASSETS
Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan Se e the Accompanying Notes which are an integral part
bagian tidak terpisahkan dari Laporan ini of these Consolidated Financial Statements
DRAFT
For Discussion Purpose Only
1 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
(Lanjutan) (Continued)
KEWAJIBAN, HAK MINORITAS Catatan/ 2008 2007 LIABILITIES, MINORITY INTEREST

DAN EKUITAS Note (Disajikan Kembali, AND STOCKHOLDERS' EQUITY
Catatan 3/
Restated, Note 3)
Rp Rp
KEWAJIBAN LANCAR CURRENT LIABILITIES
Hutang Bank - Jangka Pendek 11, 29 280,321,600,297 209,308,812,363 Short-term - Bank Loans
Hutang Usaha 13 Accounts Payable
Pihak Ketiga 18,908,307,194 61,996,035,532 Third Parties
Hutang Lain-lain -- 45,579,455 Other Liabilities
Hutang Pajak 2.o, 14.d 30,493,777,636 11,662,919,773 Taxes Payable
Uang Muka Diterima 1,210,244,934 535,336,288 Advance Received
Beban yang Masih Harus Dibayar 15, 29 6,905,387,340 4,073,029,901 Accrued Expenses
Hutang Jangka Panjang - Bagian Kewajiban Current Maturities of Long-term
yang Jatuh Tempo Dalam Satu Tahun Debts
Hutang Sewa Pembiayaan 2.j, 16 16,739,227,498 1,540,791,940 Obligation Under Capital Lease
Hutang Bank 17 9,999,999,996 11,100,000,000 Bank Loans
Jumlah Kewajiban Lancar 364,578,544,895 300,262,505,252 Total Current Liabilities
KEWAJIBAN TIDAK LANCAR NON-CURRENT LIABILITIES
Hutang Jangka Panjang - Setelah Dikurangi
Bagian Kewajiban yang Jatuh Tempo Long-term Loans - Net of Current
Dalam Satu Tahun Maturities
Hutang Sewa Pembiayaan 2.j, 16 36,163,273,958 13,972,938,317 Obligation Under Capital Lease
Hutang Bank 17, 29 214,151,586,726 118,710,800,000 Bank Loans
Kewajiban Pajak Tangguhan 2.o, 14.c 164,232,579 -- Deferred Tax Liability
Hutang Pihak Hubungan Istimewa 2.r, 27 1,293,321,001 572,921,080 Due to Related Parties
Estimated Liabilities on Employee
Kewajiban Diestimasi atas Imbalan Kerja 2.q, 25 6,062,254,197 5,078,589,297 Benefits
Hutang Obligasi Konversi 2.l, 12, 27 3,500,000,000 3,500,000,000 Convertible Bonds
Jumlah Kewajiban Tidak Lancar 261,334,668,461 141,835,248,694 Total Non-Current Liabilities
JUMLAH KEWAJIBAN 625,913,213,356 442,097,753,946 TOTAL LIABILITIES
HAK MINORITAS 388,865,483 377,392,310 MINORITY INTEREST
DRAFT
2 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
Catatan/ 2008 2007

Catatan 3/
Restated, Note 3)
Rp Rp
EKUITAS STOCKHOLDERS’ EQUITY
Modal Saham - Saham Seri A dan B dengan Capital Stock - Shares of A and B Series with
Nilai Nominal masing-masing per saham Par Value of Rp 500 and Rp 200 per share,
Rp 500 dan Rp 200 respectively
Modal Dasar - 135.000.000 Saham Seri A Authorized Capital - 135,000,000 Shares of
dan masing-masing sebesar 4.652.500.000 A Series and 4,652,500,000 and
dan 1.662.500.000 Saham Seri B per 1,662,500,000 shares of B Series, as of
31 Desember 2008 dan 2007 December 31, 2008 and 2007, respectively
Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid 135,000,000 shares
135.000.000 Saham Seri A dan of A Series and 1,537,000,000 and
1.537.000.000 dan 910.000.000 Saham 910,000,000 shares of B Series as of
Seri B per 31 Desember 2008 dan 2007 18 374,900,000,000 249,500,000,000 December 31, 2008 and 2007
Tambahan Modal Disetor 2.s, 19 217,816,324,655 20,250,000,000 Additional Paid in Capital
Difference in Value of Restructuring
Selisih Nilai Transaksi Restrukturisasi Transactions Between Entities
Entitas Sepengendali 2.n, 20 (70,809,879,564) 1,131,738,707 Under Common Control
Pro Forma Capital Arising from
Proforma Modal yang Timbul dari Transaksi Restructuring Transactions of Entities
Restrukturisasi Entitas Sepengendali 2.n, 3 -- 239,270,365,750 Under Common Control
Defisit (131,250,768,779) (159,936,925,434) Deficits
Jumlah Ekuitas 390,655,676,312 350,215,179,023 Total Stockholders' Equity
JUMLAH KEWAJIBAN, HAK MINORITAS TOTAL LIABILITIES, MINORITY INTEREST
DAN EKUITAS 1,016,957,755,151 792,690,325,279 AND STOCKHOLDERS' EQUITY
DRAFT
3 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
LAPORAN LABA RUGI KONSOLIDASIAN CONSOLIDATED STATEMENTS OF INCOME
Untuk Tahun-tahun yang Berakhir 31 Desember 2008 dan 2007 For the Years Ended December 31, 2008 and 2007
Catatan/ 2008 2007

Catatan 3/
Restated, Note 3)
Rp Rp
PENJUALAN 2.m, 21 489,171,670,400 483,734,469,842 SALES

BEBAN POKOK PENJUALAN 2.m, 22 336,279,603,791 368,445,820,207 COST OF GOOD SOLD
LABA KOTOR 152,892,066,609 115,288,649,635 GROSS PROFIT
BEBAN USAHA 2.m, 23 OPERATING EXPENSES

Penjualan 20,035,306,551 19,168,782,379 Selling
Umum dan Administrasi 19,880,479,085 15,065,909,803 General and Administrative
Jumlah Beban Usaha 39,915,785,636 34,234,692,182 Total Operating Expenses
LABA USAHA 112,976,280,973 81,053,957,453 INCOME FROM OPERATIONS
PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)

Laba (Rugi) Selisih Kurs (6,247,276,109) (2,391,638,497) Gain (Loss) on Foreign Exchange
Pendapatan Bunga 688,903,006 1,336,113,805 Interest Income
Beban Administrasi Bank (2,725,090,890) (1,637,895,498) Bank Administration Expenses
Beban Bunga dan Provisi 24 (54,969,330,084) (40,282,555,748) Interest Expense and Provision Fee
Laba Penjualan Aset Tetap 45,191,740 -- Gain on Disposal of Fixed Assets
Lain-lain - Bersih 3,206,456,675 (55,625,967) Others- Net
Jumlah Beban Lain-lain - Bersih (60,001,145,662) (43,031,601,905) Total Other Charges - Net
LABA SEBELUM MANFAAT (BEBAN) INCOME BEFORE INCOME

PAJAK PENGHASILAN 52,975,135,311 38,022,355,548 TAX BENEFITS (EXPENSES)
MANFAAT (BEBAN) PAJAK PENGHASILAN 2.o, 14.a INCOME TAX BENEFITS (EXPENSES)
Pajak Kini (14,379,471,300) (5,793,282,400) Current Tax
Pajak Tangguhan (1,110,018,214) 317,324,539 Deferred Tax
Jumlah Beban Pajak Penghasilan - Bersih (15,489,489,514) (5,475,957,861) Total Income Tax Expense - Net
INCOME BEFORE MINORITY
LABA SEBELUM HAK MINORITAS 37,485,645,797 32,546,397,687 INTEREST
HAK MINORITAS ATAS LABA PERUSAHAAN

ANAK YANG DIKONSOLIDASI (29,723,463) (25,016,759) MINORITY INTEREST
LABA BERSIH SETELAH EFEK PENYESUAIAN NET INCOME AFTER EFFECT OF

PROFORMA 37,455,922,334 32,521,380,928 PRO FORMA ADJUSTMENTS
EFFECT OF PRO FORMA
EFEK PENYESUAIAN PROFORMA (8,769,765,679) (16,761,656,368) ADJUSTMENTS
LABA BERSIH SEBELUM EFEK PENYESUAIAN NET INCOME BEFORE EFFECT OF
PROFORMA 28,686,156,655 15,759,724,560 PRO FORMA ADJUSTMENTS
LABA PER SAHAM 2.p, 26 EARNING PER SHARE

Setelah Efek Penyesuaian Proforma After Effect of Pro Forma Adjustments
Laba per Saham Dasar 25.98 31.12 Basic Earnings Per Share
Laba per Saham Dilusian 23.27 26.82 Diluted Earnings Per Share
Sebelum Efek Penyesuaian Proforma Before Effect of Pro Forma Adjustments
Laba per Saham Dasar 19.90 15.08 Basic Earnings Per Share
Laba per Saham Dilusian 17.83 13.00 Diluted Earnings Per Share
DRAFT
4 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
LAPORAN PERUBAGAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Catatan/ Modal Saham/ Tambahan Selisih Proforma Modal yang Defisit/ Jumlah
Note Capital Stock Modal Disetor/ Nilai Transaksi Timbul dari Transaksi Deficits Ekuitas/
Additional Paid Restrukturisasi Restrukturisasi Total
in Capital Entitas Sepengendali/ Entitas Sepengendali/ Stockholders'
Difference in Value of Pro Forma Capital Equity
Restructuring Arising from
Transactions Between Restructuring Transactions of
Entities Under Entities Under
Common Control Common Control
Rp Rp Rp Rp Rp Rp
SALDO PER 31 DESEMBER 2006 BALANCE AS OF DECEMBER 31, 2006
(Disajikan Kembali, Catatan 3) 2.n, 3 249,500,000,000 20,250,000,000 1,131,738,707 222,508,709,382 (175,696,649,994) 317,693,798,095 (Restated, Note 3)
Proforma Modal yang Timbul dari Transaksi Pro Forma Capital Arising from Restructuring
Restrukturisasi Entitas Sepengendali 2.n, 3 -- -- -- 16,761,656,368 -- 16,761,656,368 Transactions of Entities Under Common Control
Laba Bersih Setelah Efek Penyesuaian Proforma -- -- -- -- 32,521,380,928 32,521,380,928 Net Income After Effect of Pro Forma Adjustments
Efek Penyesuaian Proforma -- -- -- -- (16,761,656,368) (16,761,656,368) Effect of Pro Forma Adjustments
SALDO PER 31 DESEMBER 2007 BALANCE AS OF DECEMBER 31, 2007
(Disajikan Kembali, Catatan 3) 249,500,000,000 20,250,000,000 1,131,738,707 239,270,365,750 (159,936,925,434) 350,215,179,023 (Restated, Note 3)
Penerbitan Saham Baru pada Penawaran Umum Issuance of New Shares at Limited Public
Terbatas II kepada pemegang saham dengan Offering II to Stockholders with
Hak Memesan Efek Terlebih Dahulu Pre Emptive Rights for
sejumlah 627.000.000 saham 1.b 125,400,000,000 201,894,000,000 -- -- -- 327,294,000,000 627,000,000 shares
Biaya Emisi Saham atas Penerbitan Saham Baru 2.s, 19 -- (4,327,675,345) -- -- -- (4,327,675,345) Stock Issuance Cost
Proforma Modal yang Timbul dari Transaksi Pro Forma Capital Arising from Restructuring
Restrukturisasi Entitas Sepengendali -- -- -- 71,941,618,271 -- 71,941,618,271 Transactions of Entities Under Common Control
Selisih Nilai Transaksi Restrukturisasi Difference in Value of Restructuring Transactions
Entitas Sepengendali 3 -- -- (71,941,618,271) -- -- (71,941,618,271) Between Companies Under Common Control
Laba Bersih Setelah Efek Penyesuaian Proforma -- -- -- -- 37,455,922,334 37,455,922,334 Net Income After Effect of Pro Forma Adjustments
Efek Penyesuaian Proforma -- -- -- (311,211,984,021) (8,769,765,679) (319,981,749,700) Effect of Pro Forma Adjustments
SALDO PER 31 DESEMBER 2008 374,900,000,000 217,816,324,655 (70,809,879,564) -- (131,250,768,779) 390,655,676,312 BALANCE AS OF DECEMBER 31, 2008
Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan See the Accompanying Notes which are an integral part
DRAFT
5 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
Catatan/ 2008 2007

Note Rp Rp
ARUS KAS DIGUNAKAN UNTUK CASH FLOWS FROM
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan dari Pelanggan 531,712,464,881 494,879,264,523 Cash Received from Customers
Bunga Diterima 930,883,142 1,284,456,558 Cash Received from Interest
Pembayaran Pajak (8,678,734,058) (21,332,644,209) Payment of Taxes
Pembayaran kepada Karyawan 7,455,152,964 (6,970,820,573) Cash Paid to Employees
Pembayaran kepada Pihak Hubungan Istimewa -- (3,239,443,575) Cash Paid to Related Parties
Pembayaran Bunga (29,864,064,417) (33,570,754,918) Interest Payment
Pembayaran kepada Pihak Ketiga (64,639,193,736) (51,212,002,013) Cash Paid to Third Parties
Pembayaran kepada Pemasok (403,322,460,849) (467,330,275,498) Cash Paid to Suppliers
Arus Kas Bersih diperoleh dari (digunakan untuk) Net Cash Provided by (Used in)
Aktivitas Operasi 33,594,047,926 (87,492,219,705) Operating Activities
ARUS KAS DIGUNAKAN UNTUK CASH FLOWS FROM

AKTIVITAS INVESTASI FINANCING ACTIVITIES
Penjualan Aset Tetap 100,000,000 -- Disposal of Property and Equipment
Perolehan Aset Tetap (303,305,676,043) (184,899,349,586) Acquisition of Property and Equipment
Penempatan Investasi Jangka Pendek (337,114,143,281) (36,254,519,827) Placement in Short Term Investment
Arus Kas Bersih Digunakan untuk Aktivitas Net Cash Flows Used in Investing
Investasi (640,319,819,324) (221,153,869,413) Activities
ARUS KAS DIPEROLEH DARI CASH FLOWS FROM
AKTIVITAS PENDANAAN FINANCING ACTIVITIES
Cash Received from
Penerimaan dari Penambahan Setoran Modal 327,294,000,000 174,000,000,000 Additional Paid in Capital
Perolehan Hutang Bank Jangka Pendek 340,828,614,090 102,009,706,030 Proceed from Short Term Bank Loan
Perolehan Hutang Bank Jangka Panjang 228,249,185,641 -- Proceed from Long Term Bank Loan
Pembayaran Kembali Hutang Bank Jangka Pendek (260,260,976,122) (29,615,805,553) Repayment of Short Term Bank Loan
Penerimaan dari Pihak Hubungan Istimewa 310,005,641,719 75,340,713,458 Cash Received from Related Parties
Pembayaran kepada Pihak Hubungan Istimewa (188,550,461,086) (18,241,195,555) Payment to Related Parties
Pembayaran Hutang Bank Jangka Panjang (179,154,557,195) (4,135,200,000) Payment of Long Term Bank Loan
Payment of Obligations Under
Pembayaran Hutang Sewa Pembiayaan 33,141,385,342 10,758,959,307 Capital Lease
Arus Kas Bersih Diperoleh dari Aktivitas Net Cash Flows Provided by Financing
Pendanaan 611,552,832,389 310,117,177,687 Activities
NET INCREASE IN CASH AND
KENAIKAN BERSIH KAS DAN SETARA KAS 4,827,060,990 1,471,088,569 CASH EQUIVALENTS
EFFECT OF FOREIGN EXCHANGE ON
DAMPAK KURS ATAS KAS DAN SETARA KAS (516,992,045) (62,136,669) CASH AND CASH EQUIVALENTS
SALDO KAS DAN SETARA KAS PADA AWAL CASH AND CASH EQUIVALENTS AT
TAHUN 15,968,713,539 14,559,761,639 BEGINNING OF THE YEAR
SALDO KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS AT
AKHIR TAHUN 20,278,782,484 15,968,713,539 END OF THE YEAR
DRAFT
6 April 16, 2009
To be Finalized
Agreed by :
Date :
R/101.AGA/5.2/03/09
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
Catatan/ 2008 2007

Note Rp Rp
Jumlah Kas dan Setara Kas pada Akhir 2.d, 4 Cash and Cash Equivalents at the
Tahun terdiri dari: End of the Year consist of:
Kas 898,393,000 960,593,039 Cash on Hands
Bank 12,539,065,394 2,124,072,460 Cash in Banks
Deposito 6,841,324,090 12,884,048,040 Time Deposits
Jumlah 20,278,782,484 15,968,713,539 Total
DRAFT
7 April 16, 2009
To be Finalized
Agreed by :
Date :
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED FINANCIAL
KONSOLIDASIAN STATEMENTS
1. Umum 1. General
1.a. Pendirian Perusahaan 1.a. The Company's Establishment

PT Tiga Pilar Sejahtera Food Tbk (Perusahaan) PT Tiga Pilar Sejahtera Tbk (the Company) was
didirikan pada tanggal 26 Januari 1990 berdasarkan established under the name of PT Asia Intiselera on
akta No. 143 yang dibuat dihadapan Winanto January 26, 1990 based on notarial deed No. 143, of
Wiryomartani, S.H., Notaris di Jakarta dengan nama Winanto Wiryomartani, S.H., a Notary in Jakarta. The
PT Asia Intiselera. Akta pendirian ini disahkan oleh deed of establishment was approved by the Minister of
Menteri Kehakiman Republik Indonesia dalam Surat Justice of the Republic of Indonesia in his Decree
Keputusannya No. C2-1827.HT.01.01.Th.91 tanggal No. C2-1827.HT.01.01.Th.91 dated May 31, 1991 and
31 Mei 1991 serta diumumkan dalam Berita Negara was published in State Gazette No. 65, Supplement
Republik Indonesia No. 65, Tambahan No. 2504 No. 2504 dated August 13, 1991. The Company's
tanggal 13 Agustus 1991. Anggaran Dasar articles of association had been amended several
Perusahaan telah mengalami beberapa kali times, recently by notarial deed No. 56 dated January
perubahan, terakhir melalui akta No. 56 tanggal 31, 2008 of Mrs. Poerbaningsih Adi Warsito, S.H., a
31 Januari 2008 dari Ny. Poerbaningsih Adi Warsito, Notary in Jakarta, concerning among others, the
S.H., Notaris di Jakarta mengenai peningkatan modal increased of authorized capital from
dasar dari Rp 400.000.000.000 menjadi Rp 400,000,000,000 to Rp 998,000,000,000 (see Note
Rp 998.000.000.000 (lihat Catatan 18). Akta tersebut 18). This amendment was approved by the Minister of
telah disahkan oleh Menteri Hukum dan Hak Asasi Justice and Human Right in his Decree No. AHU-
Manusia Republik Indonesia dalam Surat 12476.AH. 01.02 dated March 13, 2008.
Keputusannya No AHU-12476.AH.01.02.Tahun 2008
tanggal 13 Maret 2008.
Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, In accordance with article 3 of the Company's Articles
ruang lingkup kegiatan Perusahaan meliputi usaha of Association, the Company's scope of activities are to
bidang perdagangan, perindustrian, peternakan, engage in trading, manufacturing, farming, plantation,
perkebunan, pertanian, perikanan dan jasa. Pada agriculture, fisheries and services. Currently the
saat ini produk Perusahaan terutama adalah usaha Company’s products are noodles manufacturing and
industri mie, perdagangan mie, khususnya mie kering noodles trading, especially dry noodle and instant
dan mie instan. Sedangkan perusahaan anak noodle. Its subsidiaries are involved in biscuit and
bergerak dalam bidang industri biskuit, permen, candy industry, palm oil plantations, and electric power
perkebunan kelapa sawit dan pembangkit tenaga plant.
listrik.
Kantor Pusat Perusahaan beralamat di Wisma Alun The Company’s head office is located at Wisma Alun
Graha, Jl. Prof. Dr. Soepomo No. 233 Jakarta, Graha, Jl. Prof. Dr. Soepomo No. 233 Jakarta,
sedangkan pabriknya berlokasi di Sragen, Jawa whereas its plant is located in Sragen, Jawa Tengah.
Tengah. Perusahaan mulai beroperasi secara The Company started its commercial operation in
komersial pada tahun 1990. 1990.
1.b. Penawaran Efek Perusahaan 1.b. The Company's Stock Public Offering
Pada tanggal 14 Mei 1997, Perusahaan memperoleh On May 14, 1997, the Company received an effective
pernyataan efektif dari Ketua Badan Pengawas Pasar notification from the Chairman of the Indonesian
Modal - Lembaga Keuangan (Bapepam-LK) dengan Capital Market and Financial Institution Supervisory
suratnya No. S-919/PM/1997 untuk melakukan Agency (Bapepam-LK) in his letter No. S-919/PM/1997
penawaran umum 45 juta saham dengan nilai nominal concerning public offering of 45 million shares with par
Rp 500 per saham kepada masyarakat. Pada tanggal value of Rp 500 per share. On June 11, 1997, the
11 Juni 1997, saham tersebut telah dicatatkan pada Company’s shares had been effectively listed at the
Bursa Efek Jakarta. Jakarta Stock Exchange.
FINAL DRAFT
8 April 16, 2009
To be Finalized
Agreed by :
Date :
KONSOLIDASIAN (Lanjutan) STATEMENTS (Continued)
Pada tanggal 5 September 2002, Perusahaan On September 5, 2002, the Company obtained
memperoleh persetujuan Rapat Umum Pemegang approval from Stockholder’s General Meeting to issue
Saham untuk mengeluarkan 230 juta saham Seri B 230 million of B series shares with par value of Rp 200
dengan nominal Rp 200 dan Obligasi Konversi and convertible bonds amounted to Rp 60 billion which
sebesar Rp 60 milyar yang dapat dikonversi dengan will be converted into the Company’s shares with an
saham Perusahaan dengan harga pelaksanaan exercise price of Rp 200 per share to the creditors
sebesar Rp 200 per saham kepada kreditur tanpa without Pre Emptive Right according to Bapepam
melalui Hak Memesan Efek Terlebih Dahulu sesuai Regulation No. IX.D.4, attachment Kep-44/PM/1998.
dengan Peraturan Bapepam No. IX.D.4, lampiran
Kep-44/PM/1998.
Pada tanggal 6 Nopember 2002 dan 29 Nopember On November 6, 2002 and November 29, 2002,
2002, Bursa Efek Jakarta menyetujui pencatatan Jakarta Stock Exchange approved for listing of the
saham seri B dan pencatatan pre-list saham hasil Company’s B Series shares and pre-list share from
Obligasi Konversi. convertible bonds issued.
Pada tanggal 24 Oktober 2003, Perusahaan On October 24, 2003, the Company obtained approval
memperoleh persetujuan Rapat Umum Pemegang from Stockholder’s General Meeting to issue 547.5
Saham untuk mengeluarkan 547,5 juta saham seri B million of B Series shares with par value of Rp 200
dengan nominal Rp 200 dalam rangka Penawaran through Limited Public Offering I of PT Asia Intiselera
Umum Terbatas I saham PT Asia Intiselera Tbk. Pada Tbk. On November 7, 2003, the shares had been listed
tanggal 7 Nopember 2003, saham tersebut telah at the Indonesia Stock Exchange (IDX).
dicatatkan di Bursa Efek Indonesia.
Pada tanggal 27 Oktober 2003, PT Tigar Pilar On 27 October, 2003, PT Tiga Pilar Sekuritas, as the
Sekuritas sebagai salah satu pemilik Obligasi holder of convertible bonds, had converted 53
Konversi melaksanakan konversi 53 lembar Obligasi convertible bonds amounting to Rp 26.5 billion into
Konversi senilai Rp 26,5 milyar menjadi 132,5 juta 132.5 million of B Series with par value of Rp 200 per
saham Seri B Perusahaan dengan nominal Rp 200 share. The shares had been effectively listed at the
per lembar saham. Saham tersebut telah dicatatkan di Jakarta Stock Exchange (JSX) on November 19, 2003.
Bursa Efek Jakarta pada tanggal 19 Nopember 2003. The shares result from conversion shall not be traded
Saham-saham hasil pelaksanaan konversi tersebut (lock-up) during first 6 (six) months.
tidak akan diperjualbelikan (lock-up) selama 6 (enam)
bulan.
Pada tahun 2008, Perusahaan melakukan Penawaran In 2008, the Company held Limited Public Offering II to
Umum Terbatas II kepada para pemegang saham its stockholders in regards of Pre Emptive Right
dalam rangka penerbitan Hak Memesan Efek Terlebih amounted to 627,000,000 of B Series common shares
Dahulu (HMETD) sejumlah 627.000.000 saham biasa with par value of Rp 200 per share and offering price
Seri B dengan nilai nominal Rp 200 per saham dan at Rp 522 per share. This offering had obtained
harga penawaran Rp 522 per saham. Penawaran effective notification based on the Chairman of the
tersebut telah mendapat pemberitahuan efektif Indonesian Capital Market and Financial Institution
berdasarkan Surat Ketua Bapepam – LK No. S- Supervisory Agency (Bapepam-LK) Letter No. S-
2478/BL/2008 tanggal 28 April 2008, dan telah 2478/BL/2008 dated April 28, 2008, and had obtained
mendapat persetujuan dari Rapat Umum Pemegang approval from Company’s Extraordinary General
Saham Luar Biasa Perusahaan tanggal 29 April 2008. Meeting of Stockholders on April 29, 2008. On May 14,
Pada tanggal 14 Mei 2008, saham tersebut telah 2008, Company’s new shares had been listed in
dicatatkan pada Bursa Efek Indonesia sehingga Indonesia Stock Exchange (IDX) resulting to
jumlah saham yang beredar menjadi 1.672.000.000 1,672,000,000 of outstanding shares as of December
saham pada tanggal 31 Desember 2008. 31, 2008.
FINAL DRAFT
9 April 16, 2009
To be Finalized
Agreed by :
Date :
1.c. Struktur Perusahaan Anak 1.c. The Structure of the Subsidiaries

Perusahaan memiliki, baik secara langsung dan tidak The Company owns, either directly or indirectly, more
langsung, lebih dari 50% saham perusahaan- than 50% shares in subsidiaries and/or have a control
perusahaan anak dan/atau mempunyai kendali atas over management of subsidiaries as follows:
manajemen perusahaan-perusahaan anak sebagai
berikut:
Persentase Tahun
Kepemilikan/ Operasi
Percentage KomersiaI/
of Ownership Year of Jumlah Aset / Total Assets
Domisili/Do
Perusahaan Anak / Subsidiaries Jenis Usaha / Activities 2008 2007 Commercial 2008 2007
micile
% % Operation Rp Rp
PT Tiga Pilar Sejahtera (TPS) Solo Industri dan Perdagangan Mie/Snack 99.90 99.90 1990 699,032,754,032 528,277,836,389
Noodle/Snack manufacturing and trading
PT Asianiaga Prakarsatama (ANP)* Jakarta Distribusi, Perdagangan dan Keagenan 99.96 99.96 1985 1,080,586,637 1,080,586,637
Distribution, trading and agency
PT Naga Mas Sakti Perkasa (NSP)* Jakarta Industri Pengolahan Hasil Laut 99.95 99.95 1985 -- --
Marine Product Manufacturing
PT Poly Meditra Indonesia (PMI) Solo Industri Makanan Ringan 99.90 -- 2000 208,776,304,214 161,753,377,412
Snack Manufacturing
PT Bumiraya Investindo (BRI) Jakarta Industri Perkebunan Kelapa Sawit 99.90 -- 1993 141,913,897,093 116,861,619,620
Palm Oil Plantations
PT Patra Power Nusantara (PPN)** Solo Industri Pembangkit Tenaga Listrik 99.90 -- -- 71,437,896,497 50,406,621,757
Electric Power Plant
*) Telah dihentikan kegiatan usahanya / Discontinued operation

**) Masih dalam tahap pengembangan / In development stage
Berdasarkan Rapat Umum Pemegang Saham Luar Based of Extraordinary General Meeting of
Biasa yang diadakan pada tanggal 29 April 2008 yang Stockholders on April 29, 2008 noted in notarial deed
tertuang dalam akta No. 56 dari Ny. Poerbaningsih No. 56 of Mrs. Poerbaningsih Adi Warsito, S.H., a
Adi Warsito, SH, Notaris di Jakarta, pemegang saham Notary in Jakarta, stockholders had approved to
telah memberi persetujuan untuk melakukan akuisisi implement shares acquisition of PT Poly Meditra
saham-saham PT Poly Meditra Indonesia (PMI), Indonesia (PMI), PT Bumiraya Investindo (BRI), and
PT Bumiraya Investindo (BRI), dan PT Patra Power PT Patra Power Nusantara (PPN) (see Note 3).
Nusantara (PPN) (lihat Catatan 3).
1.d. Dewan Komisaris, Direksi dan Karyawan 1.d. Board of Commissioners, Directors and
Employees
Susunan anggota Dewan Komisaris dan Dewan The composition of the Company’s Board of
Direksi Perusahaan pada tanggal 31 Desember 2008 Commissioners and Directors as of December 31,
dan 2007 berdasarkan Berita Acara Rapat Umum 2008 and 2007 according to Annual General Meeting
Pemegang Saham Tahunan yang dituangkan dalam of the Shareholders as contained in Notarial Deed
Akta Notaris Tatyana Indrati Hasjim, S.H., Notaris di Tatyana Indrati Hasjim, S.H., a Notary in Jakarta,
Jakarta, No. 17 tanggal 28 Nopember 2007. Susunan No. 17 dated November 28, 2007. The composition of
anggota Dewan Komisaris dan Dewan Direksi the Company’s Board of Commissioners and Directors
Perusahaan pada tanggal 31 Desember 2008 dan as of December 31, 2008 and 2007 are as follows:
2007 adalah sebagai berikut:
FINAL DRAFT
10 April 16, 2009
To be Finalized
Agreed by :
Date :
2008 2007
Dewan Komisaris Board of Commissioners
Komisaris Utama Priyo Hadi Sutanto Priyo Hadi Sutanto President Commissioner
Wakil Komisaris Utama Kang Hongkie Widjaja Kang Hongkie Widjaja Vice President Commissioner
Komisaris Herry Beng Koestanto Herry Beng Koestanto Commissioner
Komisaris Budhi Istanto Suwito Budhi Istanto Suwito Commissioner
Komisaris Independen Woerjatmoko, SH, MM Woerjatmoko, SH, MM Independent Commissioner
Komisaris Independen Prof. Dr. Ir. Haryadi, MApp.Sc Prof. Dr. Ir. Haryadi, MApp.Sc Independent Commissioner
Dewan Direksi Board of Directors

Direktur Utama Stefanus Joko Mogoginta Stefanus Joko Mogoginta President Director
Wakil Direktur Hengky Koestanto Hengky Koestanto Vice President Director
Direktur Edi Susanto Edi Susanto Director
Pada tanggal 31 Desember 2008 dan 2007 jumlah As of December 31, 2008 and 2007, the Company and
keseluruhan karyawan tetap Perusahaan dan subsidiaries have 2,063 and 1,938 permanent
perusahaan anak adalah 2.063 orang dan 1.938 employees, respectively (unaudited).
orang (tidak diaudit).
2. Ikhtisar Kebijakan Akuntansi 2. Summary of Accounting Policies
2.a. Dasar Pengukuran dan Penyusunan Laporan 2.a. The Basis of Measurement and Preparation of
Keuangan Konsolidasian Consolidated Financial Statements
Laporan keuangan konsolidasian ini disajikan sesuai These consolidated financial statements are prepared
dengan prinsip akuntansi yang berlaku di Indonesia, in conformity with accounting principles generally
yang antara lain adalah Pernyataan Standar accepted in Indonesia, which consist of, among others,
Akuntansi Keuangan (PSAK) yang ditetapkan Ikatan Statements of Financial Accounting Standard (SFAS)
Akuntan Indonesia dan Peraturan Badan Pengawas established by the Indonesian Institute of Accountants,
Pasar Modal (Bapepam), termasuk Pedoman Capital Market Supervisory Board (Bapepam)
Penyajian dan Pengungkapan Laporan Keuangan regulations and guidelines for Presentation and
Emiten atas Perusahaan Publik Industri Manufaktur Disclosure of Financial Statements for Public Listed
yang ditetapkan oleh Bapepam. Company engaged in Manufacturing issued by
Bapepam.
Dasar pengukuran dalam penyusunan laporan The basis of measurement in the preparation of these
keuangan konsolidasian ini adalah konsep biaya consolidated financial statements is historical cost
perolehan (historical cost), kecuali persediaan yang method, except for the inventories which carried at the
dinyatakan sebesar nilai yang lebih rendah antara lower of cost or net realizable value. The consolidated
harga perolehan dan nilai realisasi bersih (the lower financial statements are prepared based on accrual
of cost or net realizable value). Laporan keuangan method except for consolidated statement of cash
konsolidasian disusun dengan metode akrual kecuali flows.
laporan arus kas konsolidasian.
Laporan arus kas konsolidasian menyajikan arus kas The consolidated statements of cash flows present
yang dikelompokkan dalam aktivitas operasi, cash flows which classified into operating, investing,
investasi dan pendanaan. Arus kas dari aktivitas and financing activities. The cash flows from operating
operasi disajikan dengan menggunakan metode activities presented using the direct method.
langsung (direct method).
Mata uang pelaporan yang digunakan dalam The reporting currency used in the preparation of
penyusunan laporan keuangan konsolidasian ini these consolidated financial statements is Indonesian
adalah Rupiah. Rupiah.
FINAL DRAFT
11 April 16, 2009
To be Finalized
Agreed by :
Date :
2.b. Prinsip-prinsip Konsolidasian 2.b. Principles of Consolidation

Laporan keuangan konsolidasian meliputi akun-akun The consolidated financial statements include the
dari Perusahaan dan perusahaan-perusahaan anak accounts of the Company and subsidiaries as
sebagaimana yang disajikan dalam Catatan 1.c. presented in Note 1.c.
Penyajian laporan keuangan konsolidasian dilakukan The consolidated financial statements have been
berdasarkan konsep satuan usaha (entity concept). prepared on the basis of entity concept. All significant
Seluruh akun, transaksi dan laba signifikan antara intercompany accounts, transactions and profit among
perusahaan yang dikonsolidasikan telah dieliminasi consolidated companies have been eliminated to
untuk mencerminkan posisi keuangan dan hasil reflect the financial position and result of operations as
usaha sebagai satu kesatuan. a whole.
2.c. Saldo dan Transaksi dalam Mata Uang Asing 2.c. Foreign Currencies Transactions and Balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are recorded
berdasarkan kurs yang berlaku pada saat transaksi at the rates of exchange prevailing at the time the
dilakukan. Pada tanggal neraca, aset dan kewajiban transaction are made. At balance sheets date,
moneter dalam mata uang asing disesuaikan untuk monetary assets and liabilities denominated in foreign
mencerminkan kurs tengah Bank Indonesia yang currencies are adjusted to reflect the prevailing rates of
berlaku pada tanggal tersebut. Kurs tengah Bank exchange published by Bank Indonesia at such dates.
Indonesia pada tanggal neraca adalah sebagai At balance sheets date middle rates published by Bank
berikut: Indonesia are as follows:
2008 2007
Rp Rp
1 USD 10,950 9,419 1 USD
1 SGD 7,607 6,502 1 SGD
1 EUR 15,432 13,760 1 EUR
Keuntungan atau kerugian kurs yang timbul The resulting gains or losses on foreign currencies are
dikreditkan atau dibebankan pada laporan laba rugi credited or charged to the current year consolidated
konsolidasian tahun yang bersangkutan. statement of income.
2.d. Setara Kas 2.d. Cash Equivalents

Setara kas meliputi deposito yang jatuh tempo sama Cash equivalents consist of time deposits with
atau kurang dari 3 (tiga) bulan sejak tanggal maturities not more than or equal to 3 (three) months,
penempatan dan tidak dijadikan jaminan. since the date of placement and are not pledged as
collateral.
2.e. Investasi 2.e Investments

Deposito Berjangka Time Deposits
Deposito berjangka yang jatuh temponya kurang dari Time deposits with maturities less than 3 months at the
tiga bulan pada saat penempatan namun dijaminkan, placement date but was pledged or has been reserve
atau telah ditentukan penggunaannya dan deposito for various needs, and time deposits with maturities
berjangka yang jatuh temponya lebih dari tiga bulan more than three months at the placement date are
pada saat penempatan disajikan sebagai Investasi presented as short-term investments. Time deposit is
Jangka Pendek. Deposito disajikan sebesar nilai presented at nominal value.
nominal.
FINAL DRAFT
12 April 16, 2009
To be Finalized
Agreed by :
Date :
Investasi Jangka Panjang dalam Bentuk Long Term Investment in Share of Stock Wherein
Penyertaan Saham yang Nilai Wajarnya Tidak No Readily Determined Market Price.
Tersedia
Investasi yang nilai wajarnya tidak tersedia dimana Investment which a fair value is not readily
Perusahaan dan/atau perusahaan anak mempunyai determinable wherein the Company and/or
kepemilikan saham kurang dari 20% disajikan subsidiaries have an interest less than 20% or are
sebesar biaya perolehan. carried at acquisition cost.
2.f. Penyisihan Piutang Ragu-ragu 2. f. Allowance for Doubtful Account

Penyisihan atas piutang ragu-ragu ditetapkan An allowance for doubtful accounts is provided based
berdasarkan penelaahan mendalam terhadap kondisi on a review of the status of the individual debtor at
masing-masing debitur pada akhir tahun. Saldo the end of the year. The outstanding receivables are
piutang dihapuskan melalui penyisihan piutang ragu- written-off against the respective Allowance for
ragu yang bersangkutan atau langsung dihapuskan doubtful accounts or directly from the account at the
dari akun tersebut pada saat manajemen time management believes that these receivables
berkeyakinan penuh bahwa piutang tersebut tidak are determined to be definitely uncollectible.
dapat ditagih.
2.g. Persediaan 2.g. Inventories

Persediaan dinyatakan menurut nilai yang terendah Inventories are carried at the lower of cost or net
antara harga perolehan dan nilai bersih yang dapat realizable value. Costs including all cost to acquire the
direalisasikan. Harga perolehan meliputi biaya-biaya inventories and bringing them to their present location
yang terjadi untuk memperoleh persediaan tersebut and condition. Net realizable value is the estimated of
serta membawanya ke lokasi dan kondisinya yang selling price less the estimated cost of completion and
sekarang. Nilai bersih yang dapat direalisasikan the estimated costs necessary to complete the sales.
adalah taksiran harga jual yang wajar setelah Cost is determined using the FIFO method (First in
dikurangi dengan taksiran biaya untuk menyelesaikan First Out).
dan menjual barang persediaan barang jadi yang
dihasilkan. Harga perolehan dihitung dengan
menggunakan metode FIFO (First In First Out).
Penyisihan untuk persediaan usang ditetapkan An allowance for obsolescence inventories is provided
berdasarkan penelaahan berkala terhadap kondisi based on the periodic review of the condition of the
fisik persediaan. inventories.
2.h. Aset Tetap 2.h. Property, Plant and Equipment

Aset tetap dipertanggungjawabkan dengan model Property, plant and equipment are carried at cost less
biaya dan dinyatakan berdasarkan harga perolehan their accumulated depreciation. Depreciation is
setelah dikurangi akumulasi penyusutan dan computed using the straight-line method based on the
akumulasi penurunan nilai aset. Penyusutan dihitung estimated useful lives of the assets as follows:
dengan menggunakan metode garis lurus
(straight-line method) berdasarkan taksiran masa
manfaat ekonomis aset tetap sebagai berikut:
Tahun/Year
Bangunan 20 Buildings
Mesin 8 Machineries
Kendaraan 8 Vehicles
Perabot dan Peralatan 4-5 Furniture and Fixtures
Tanah tidak disusutkan. Land is not depreciated.
FINAL DRAFT
13 April 16, 2009
To be Finalized
Agreed by :
Date :
Biaya perbaikan dan perawatan dibebankan langsung The cost of repairs and maintenance is charged to
ke laporan laba rugi konsolidasian pada saat consolidated statement of income as incurred;
terjadinya biaya-biaya tersebut, sedangkan biaya- significant renewals and betterments are capitalized.
biaya yang berjumlah besar dan sifatnya When assets are retired or otherwise disposed of, their
meningkatkan kondisi aset secara signifikan carrying value and related accumulated depreciation
dikapitalisasi. Apabila suatu aset tetap tidak lagi are removed from the accounts and any resulting gain
digunakan atau dijual, nilai tercatat dan akumulasi or loss is reflected in the statement of income for the
penyusutan aset tersebut dikeluarkan dari year current operations.
pencatatannya sebagai aset tetap dan keuntungan
atau kerugian yang terjadi diperhitungkan dalam
laporan laba rugi tahun yang bersangkutan.
Aset dalam penyelesaian disajikan sebagai bagian Construction in progress presented as part of property,
dalam aset tetap dan dinyatakan sebesar biaya plant and equipment account. All expenditure include
perolehan. Semua biaya, termasuk biaya pinjaman, borrowing cost of loan used for developing assets
yang terjadi sehubungan dengan pembangunan aset during the construction period are capitalized.
tersebut dikapitalisasi sebagai bagian dari biaya Construction in progress will be transferred to the
perolehan aset dalam penyelesaian. Akumulasi biaya appropriate property and equipment account when the
perolehan akan dipindahkan ke masing-masing aset construction is completed and ready for its intended
tetap yang bersangkutan pada saat aset tersebut use.
selesai dikerjakan dan siap digunakan.
Aset tetap yang tidak digunakan direklasifikasi ke aset Unutilized assets are reclassified into unutilized
tetap yang tidak digunakan terpisah dari aset tetap, assets, separate from property, plant and equipment
berdasarkan jumlah nilai tercatatnya dan tidak account, based on its carrying value and not
disusutkan. depreciated.
2.i. Tanaman Perkebunan 2.i. Biological Assets

Tanaman belum menghasilkan dinyatakan sebesar Immature plantations is recognized at cost which
harga perolehan yang meliputi biaya persiapan includes cost of field preparation, planting, fertilizing
lahan, penanaman, pemupukan dan pemeliharaan and maintenance also capitalized borrowing cost used
termasuk kapitalisasi biaya pinjaman yang to finance the development of immature plantations
digunakan untuk membiayai pengembangan and other indirect cost proportionally based on the
tanaman belum menghasilkan dan biaya tidak area wide of the fields.
langsung lainnya berdasarkan luas hektar tanaman.
Pada saat tanaman sudah menghasilkan, akumulasi Once the plantations matured, accumulation of
harga perolehan tersebut akan direklasifikasi ke associated cost will be reclassified to mature
tanaman menghasilkan. Tanaman menghasilkan plantations. Mature plantations will be depreciated
akan disusutkan dengan metode garis lurus selama using the straight line method according to its
taksiran masa produktif selama 20 tahun. estimated useful life for 20 years.
2.j. Sewa 2.j. Leasing

Suatu sewa dikelompokkan sebagai sewa A lease is classified as a financial lease if it transfers
pembiayaan jika sewa tersebut mengalihkan secara substantially all the risks and benefits associated with
substansial seluruh risiko dan manfaat yang terkait the ownerships of assets. All other leases are
dengan kepemilikan aset. Suatu sewa dikelompokkan classified as operating leases.
sebagai sewa operasi jika sewa tersebut tidak
mengalihkan secara substansial seluruh risiko dan
manfaat yang terkait dengan kepemilikan aset.
FINAL DRAFT
14 April 16, 2009
To be Finalized
Agreed by :
Date :
Pada awal masa sewa, lessee mengakui sewa At commencement of the lease term, finance leases
pembiayaan sebagai aset dan kewajiban dalam should be recorded as an asset and a liability at the
neraca sebesar nilai wajar aset sewaan atau sebesar lower of the fair value of the asset and the present
nilai kini dari pembayaran sewa minimum, jika nilai value of the minimum lease payments. Each
kini lebih rendah dari nilai wajar. Penilaian ditentukan determined at the inception of the lease. Discount rate
pada awal kontrak. Tingkat diskonto yang digunakan used to calculate the present value of minimum lease
dalam perhitungan nilai kini dari pembayaran sewa payment is the implicit interest rate of the lease, if
minimum adalah tingkat suku bunga implisit dalam practicable, or else at the enterprise’s incremental
sewa, jika dapat ditentukan dengan praktis, jika tidak, borrowing rate. Any initial direct costs of the lessee are
digunakan tingkat suku bunga pinjaman inkremental added to the amount recognized as an asset. The
lessee. Biaya langsung awal yang dikeluarkan lessee depreciation policy for assets held under finance
ditambahkan ke dalam jumlah yang diakui sebagai leases should be consistent with that for owned
aset. Kebijakan penyusutan aset sewaan adalah assets.
konsisten dengan aset tetap yang dimiliki sendiri.
2.k. Penurunan Nilai Aset 2.k. Impairment of Assets Value

Jumlah aset yang dapat diperoleh kembali Recoverable of assets value shall be estimated
seharusnya diestimasi pada saat kejadian-kejadian whenever events and changes of circumstances
atau perubahan-perubahan keadaan yang indicate the carrying value may not be recoverable.
mengindikasikan bahwa nilai tercatatnya mungkin Impairment in asset value is recognized as loss in the
tidak dapat diperoleh kembali. Penurunan nilai aset statements of income, in accordance to SFAS No. 48,
diakui sebagai rugi pada laporan laba rugi, sesuai “Accounting for Impairment of Assets”.
dengan ketentuan PSAK No. 48 tentang ”Penurunan
Nilai Aset”.
2.l. Obligasi Diperoleh Kembali 2.l. Treasury Bonds

Perolehan kembali instrumen hutang yang tidak A reacquisition of debt instruments which is not
dimaksudkan sebagai pelunasan, diperlakukan intended as settlement of loan, treated as if the
seolah-olah telah terjadi pelunasan dalam laporan settlement is occurs in the consolidated financial
keuangan konsolidasian. Selisih antara nilai nominal statements. The difference between the face value and
instrumen hutang dengan nilai wajar dikreditkan atau its fair value is charged or credited to current
dibebankan pada tahun yang bersangkutan. operations.
2.m. Pengakuan Pendapatan dan Beban 2.m. Revenue and Expenses Recognition
Penjualan diakui pada saat penyerahan barang Revenues are recognized when goods are transferred
kepada pelanggan. Beban diakui sesuai masa out to the customers. The expenses are recognized
manfaatnya (accrual basis). when incurred (accrual basis).
2.n. Selisih Nilai Transaksi Restrukturisasi Entitas 2. n. Difference in Value of Restructuring Transactions
Sepengendali Between Companies Under Common Control
Transaksi restrukturisasi antara entitas sepengendali Restructuring transactions between companies under
berupa pengalihan aktiva, kewajiban, saham atau common control represent transfers of assets,
instrumen kepemilikan lainnya yang dilakukan dalam liabilities, shares or other ownership instruments by
rangka reorganisasi entitas-entitas yang berada reorganizing entities within the same group, does not
dalam suatu kelompok yang sama, bukan merupakan represent changes of ownership in terms of economic
perubahan pemilikan dalam arti substansi ekonomi, substance, and should not result in gain or loss for the
sehingga tidak menimbulkan laba atau rugi bagi group companies as a whole or for the individual entity
seluruh kelompok perusahaan ataupun bagi entitas in the group.
dalam kelompok perusahaan tersebut.
FINAL DRAFT
15 April 16, 2009
To be Finalized
Agreed by :
Date :
Karena transaksi restrukturisasi antara entitas Since restructuring transactions between companies
sepengendali tidak mengakibatkan perubahan under common control do not result in changes in
substansi ekonomi pemilikan atas aktiva, saham, economic substance of ownership in transferred
kewajiban atau instrumen kepemilikan lainnya yang assets, shares, liabilities or other ownership
dipertukarkan, maka aktiva maupun kewajiban yang instruments, the transferred assets or liabilities (in
pemilikannya dialihkan (dalam bentuk hukumnya) legal form) should be recorded at book value in a
dicatat sesuai dengan nilai buku seperti manner similar to business combination transactions
penggabungan usaha berdasarkan metode using the pooling of interest method.
penyatuan kepemilikan (pooling of interest).
Selisih antara harga pengalihan dengan nilai buku The difference between transfer price and book value
tersebut bukan merupakan goodwill. Selisih tersebut in connection with restructuring transactions between
dicatat sebagai akun “Selisih Nilai Transaksi companies under common control does not represent
Restrukturisasi Entitas Sepengendali” dan disajikan goodwill. The difference between transfer price and
sebagai komponen/unsur ekuitas. book value for each restructuring transaction between
companies under common control is recorded in an
account entitled “Difference in Value Resulting from
Restructuring Transactions Between Entities Under
Common Control.” The account balance is presented
as a component of Stockholders’ Equity.
Jika substansi sepengendalian antara entitas yang If the substance of entities under common control
pernah melakukan transaksi restrukturisasi entitas which ever involved in the restructuring transaction of
sepengendali tersebut telah hilang atau terjadi entities under common control is no longer exist or
pelepasan aset, kewajiban, saham, atau instrumen there is a removal of assets, liabilities, stocks, or
kepemilikan lainnya yang mendasari terjadinya selisih others ownership instruments that becomes the basis
nilai transaksi restrukturisasi entitas sepengendali of difference in value of restructuring transactions
kepada pihak lain yang tidak sepengendali, maka between companies under common control, then the
saldo akun selisih nilai transaksi restrukturisasi entitas account balance of difference in value of restructuring
sepengendali akan diakui sebagai laba atau rugi yang transactions between companies under common
direalisasi pada laporan laba rugi konsolidasian. control shall be recorded as gain or loss realized in the
consolidated statements of income.
Laporan keuangan konsolidasian untuk tahun yang Consolidated financial statements for the year ended
berakhir pada tanggal 31 Desember 2007 telah December 31, 2007 had been restated as if the
disajikan kembali seolah-olah transaksi restrukturisasi restructuring transactions of entities under common
entitas sepengendali telah terjadi sejak tanggal control had occurred since January 1, 2007. Portion of
1 Januari 2007. Bagian atas laba bersih perusahaan acquired companies’ net income were recorded as
yang diakuisisi disajikan sebagai “Efek Penyesuaian “Effect of Pro Forma Adjustments” in the consolidated
Proforma” pada laporan laba rugi konsolidasian untuk income statement for the year ended December 31,
tahun yang berakhir pada tanggal 31 Desember 2007. 2007.
2.o. Pajak Penghasilan 2.o. Income Tax

Seluruh perbedaan temporer antara jumlah tercatat All temporary differences arising between tax bases of
aset dan kewajiban dengan dasar pengenaan assets and liabilities and their carrying value are
pajaknya diakui sebagai pajak tangguhan dengan recognized as deferred tax using the liability method.
metode kewajiban (liability). Tarif pajak yang berlaku Currently enacted tax rates are used to determine
atau secara substansial telah berlaku digunakan deferred income tax.
dalam menentukan besarnya jumlah pajak
penghasilan tangguhan.
FINAL DRAFT
16 April 16, 2009
To be Finalized
Agreed by :
Date :
Saldo rugi fiskal yang dapat dikompensasi diakui Deferred tax assets related to carryforward unused tax
sebagai aset pajak tangguhan apabila besar losses are recognized to the extent that it is probable
kemungkinan bahwa jumlah laba fiskal dimasa the future taxable profit will available against which the
mendatang akan memadai untuk dikompensasi. unused tax losses can be utilized. Amandment to tax
Koreksi terhadap kewajiban perpajakan diakui saat obligations are recognized when an assessment is
surat ketetapan pajak diterima atau jika mengajukan received or, it appealed against, when the result of the
keberatan, pada saat keputusan atas keberatan appeal are determined.
tersebut telah ditetapkan.
Pajak kini diakui berdasarkan laba kena pajak untuk Current tax is recognized based on taxable income for
tahun yang bersangkutan, yang dihitung sesuai the year, determined in accordance with current tax
dengan peraturan perpajakan yang berlaku. regulations.
2.p. Laba per Saham 2.p. Earning per Share

Laba per saham dasar dihitung dengan membagi laba Basic earning per share (EPS) is computed by dividing
(rugi) bersih residual (laba atau rugi setelah pajak residual net income (income or loss after tax less
dikurangi dividen saham utama) yang tersedia bagi preferred stock dividend) available to common
pemegang saham biasa dengan jumlah rata-rata stockholders’ with the weighted average number of
tertimbang saham biasa yang beredar dalam tahun common stocks during 1 (one) reporting period.
yang bersangkutan. Laba (rugi) per saham dilusian Diluted earning per share is calculated by considering
mempertimbangkan pula efek lain yang diterbitkan the impact of dilutive potential common shares during
bagi semua efek berpotensi saham biasa yang the reporting period.
sifatnya dilutif yang beredar sepanjang periode
pelaporan.
2.q. Kewajiban Diestimasi atas Imbalan Kerja 2.q. Estimated Liabilities on Employee Benefits
Imbalan kerja jangka pendek diakui sebesar jumlah Short-term employee benefit is recognized at
tak terdiskonto ketika pekerja telah memberikan undiscounted amount when employee has rendered
jasanya kepada perusahaan dalam suatu periode his/her service in exchange to the Company during an
akuntansi. accounting period.
Imbalan pasca kerja diakui sebesar jumlah yang Post employment benefit is recognized at discounted
diukur dengan menggunakan dasar diskonto ketika amount when the employee has rendered his/her
pekerja telah memberikan jasanya kepada service to the Company during an accounting period.
Perusahaan dalam suatu periode akuntansi. Liabilities and expenses are measured using actuarial
Kewajiban dan beban diukur dengan menggunakan techniques which include constructive obligation that
teknik aktuaria yang mencakup pula kewajiban arises from the Company informal practices. In
konstruktif yang timbul dari praktik kebiasaan calculating the liabilities, the benefit must be
Perusahaan. Dalam perhitungan kewajiban, imbalan discounted by using projected unit credit method.
harus didiskontokan dengan menggunakan metode
projected unit credit.
Pesangon pemutusan kontrak kerja diakui jika, dan Termination benefit is recognized when, and only
hanya jika, perusahaan berkomitmen untuk: when, the Company is committed to either:
(a) Memberhentikan seorang atau sekelompok (a) Terminate the employment of an employee or
pekerja sebelum tanggal pensiun normal; atau group of employees before the normal retirement
date; or
(b) Menyediakan pesangon bagi pekerja yang (b) Provide termination benefits as a result of an offer
menerima penawaran mengundurkan diri secara made in order to encourage voluntary redundancy.
sukarela.
FINAL DRAFT
17 April 16, 2009
To be Finalized
Agreed by :
Date :
2.r. Transaksi dengan Pihak-Pihak Hubungan 2.r. Transactions with Related Parties
Istimewa
Perusahaan mempunyai transaksi dengan pihak- The Company has transactions with certain related
pihak hubungan istimewa. Seluruh transaksi yang parties. All significant transactions with related parties,
signifikan dengan pihak-pihak hubungan istimewa, whether or not under the same terms and conditions as
baik yang dilakukan dengan atau tidak dilakukan those with non-related parties (arm’s length
dengan tingkat harga dan persyaratan lainnya transactions), are disclosed in the notes to the
sebagaimana dilakukan dengan pihak ketiga (arm’s consolidated financial statements.
length transactions), diungkapkan dalam catatan atas
laporan keuangan konsolidasian.
2.s. Biaya Emisi Saham 2.s. Stock Issuance Cost

Biaya emisi saham merupakan biaya yang berkaitan Stock issuance cost represents expenses related with
dengan penerbitan saham Perusahaan. Biaya ini the issuance of Company’s stock. It consists of fees and
mencakup fee dan komisi yang dibayarkan kepada commissions paid to underwriter, supporting institutions
penjamin emisi, lembaga dan profesi penunjang and professions to capital market, and printing
pasar modal, serta biaya pencetakan dokumen expenses of registration documents, listing expenses at
pernyataan pendaftaran, biaya pencatatan efek stock exchange, and promotion expenses. Stock
ekuitas di bursa efek, dan biaya promosi. Biaya emisi issuance cost shall be recorded as a reduction to issued
saham dicatat sebagai pengurang modal disetor dan capital and presented as part of Stockholders’ Equity
disajikan sebagai bagian dari ekuitas dalam akun under “Additional Paid in Capital”.
“Tambahan Modal Disetor”.
2.t. Informasi Segmen 2.t. Segment Information

Informasi segmen disajikan menurut pengelompokan Segment information are presented based on business
(segmen) usaha. Bentuk primer pelaporan segmen segment group. Primary segment reporting is based
adalah segmen usaha, dan segmen sekunder adalah on business segment and secondary segment is
segmen geografis. Segmen usaha adalah komponen based on geographical segment. A business segment
yang dapat dibedakan (distinguishable components) is a distinguishable component of an enterprise that is
dan menghasilkan suatu produk atau jasa yang provides a difference product or service based on
berbeda menurut pembagian industri atau different industry or different group of product or
sekelompok produk atau jasa sejenis yang berbeda, service especially for customer outside the Company’s
terutama untuk para pelanggan diluar entitas entity.
Perusahaan.
Segmen geografis adalah komponen Perusahaan A geographical segment is a distinguishable

yang dapat dibedakan dalam menghasilkan produk component of an enterprise that is engaged in
atau jasa pada lingkungan (wilayah) ekonomi tertentu providing products or services within a particular
dan komponen itu memiliki risiko dan imbalan yang economic environment and that is subject to risks and
berbeda dengan risiko dari imbalan pada komponen returns that are different from those of components
yang beroperasi pada lingkungan (wilayah) ekonomi operating in other economic environments .
lain.
FINAL DRAFT
18 April 16, 2009
To be Finalized
Agreed by :
Date :
3. Transaksi Restrukturisasi Entitas 3. Restructuring Transaction of

Sepengendali Entities Under Common Control
Pada tahun 2008, Perusahaan melakukan In 2008, the Company carried out restructuring of its venture
restrukturisasi atas grup usahanya dengan group by acquiring 3 (three) companies that are still under
mengakuisisi 3 (tiga) perusahaan yang masih common control. The Company acquired the shares of PT
tergabung dalam pengendalian yang sama. Poly Meditra Indonesia (PMI), PT Bumiraya Investindo (BRI)
Perusahaan melakukan akuisisi saham PT Poly and PT Patra Power Nusantara (PPN).
Meditra Indonesia (PMI), PT Bumiraya Investindo
(BRI) dan PT Patra Power Nusantara (PPN).
Ikhtisar dari kegiatan akuisisi saham tersebut adalah Summary of shares acquisition are as follows:
sebagai berikut:
Tanggal Jumlah Persentase

Perusahaan yang Diakuisisi/ Transaksi/ Lembar Saham/ Kepemilikan/
Company Acquired Transaction Date Total Shares Percentage of
Ownerships
PT Poly Meditra Indonesia 12 Juni 2008/June 12, 2008 111,888,000 99.90%

PT Bumiraya Investindo 12 Juni 2008/June 12, 2008 90,909 99.90%
PT Patra Power Nusantara 12 Juni 2008/June 12, 2008 37,962 99.90%
Berdasarkan Akta pengalihan saham No. 5 tanggal 12 Based on the deed concerning shares transfer No. 5 dated
Juni 2008 dari Notaris Syarifah Chozie, SH, MH, June 12, 2008, of Syarifah Chozie, SH, MH, it is agreed on
disetujui penjualan saham PMI milik PT Permata the sale of PMI shares owned by PT Permata Handrawina
Handrawina Sakti, pemegang saham, kepada Sakti, a stockholder, to the Company amounted to
Perusahaan sejumlah 111.888.000 lembar saham. 111,888,000 of shares.
Berdasarkan Akta No. 3 tanggal 12 Juni 2008 dari Based on the deed No. 3 dated June 12, 2008, of Syarifah
Notaris Syarifah Chozie, SH, MH, disetujui penjualan Chozie, SH, MH, it is agreed on the sale of BRI shares to the
saham BRI kepada Perusahaan yang terdiri dari: Company which consists of:
 90.090 lembar saham milik PT Permata  90,090 shares owned by PT Permata Handrawina
Handrawina Sakti, pemegang saham; Sakti, a stockholder;
 819 lembar saham milik Aunur Rofiq;  819 shares owned by Aunur Rofiq;
Berdasarkan Akta No. 6 tanggal 12 Juni 2008 dari Based on the deed No. 6 dated June 12, 2008, of Syarifah
Notaris Syarifah Chozie, SH, MH, disetujui penjualan Chozie, SH, MH, it is agreed on the sale of PPN shares to
saham PPN kepada Perusahaan yang terdiri dari: the Company which consists of:
 19.000 lembar saham milik Hengky Koestanto  19,000 shares owned by Hengky Koestanto ( the
(Direktur Perusahaan dan pemegang Saham); Company’s Director and Stockholder);
 18.962 lembar saham milik Stefanus Joko  18,962 shares owned by Stefanus Joko Mogoginta
Mogoginta (Komisaris Perseroan dan (Commissioner dan Stockholder);
Pemegang saham);
Transaksi-transaksi akuisisi saham tersebut The shares acquisition transactions resulting to the increase
mengakibatkan peningkatan kepemilikan Perusahaan of the Company’s ownership in each subsidiary to 99.90%.
pada masing-masing perusahaan menjadi 99,90%.
FINAL DRAFT
19 April 16, 2009
To be Finalized
Agreed by :
Date :
Transaksi-transaksi akuisisi tersebut The acquisition transactions was accounted for in

dipertanggungjawabkan sesuai dengan PSAK No. 38 accordance with the Statement of Financial Accounting
(Revisi 2004) tentang "Akuntansi Restrukturisasi Standard (PSAK) No. 38 (2004 Revision) regarding
Entitas Sepengendali". Oleh karena itu, selisih bersih “Accounting for Restructuring Entities Under Common
antara harga pengalihan saham dengan bagian Control”. Consequently, net difference between shares
proporsional saham atas nilai buku aset bersih acquisition price with the net book value of assets of
perusahaan anak yang diakuisisi sebesar acquired subsidiaries amounted to Rp 71,941,618,271 is
Rp 71.941.618.271 disajikan sebagai "Selisih Nilai recorded as “Difference in Value of Restructuring
Transaksi Restrukturisasi Entitas Sepengendali" Transactions Between Entities Under Common Control” in
sebagai bagian dari Ekuitas pada neraca the Stockholders’ Equity section in the consolidated balance
konsolidasian. Laporan keuangan konsolidasian untuk sheet. Consolidated financial statements for the year ended
tahun yang berakhir 31 Desember 2007 telah December 31, 2007 had been restated as if the restructuring
disajikan kembali seolah-olah transaksi restrukturisasi transactions between entities under common control had
entitas sepengendali telah terjadi sejak tanggal occurred since January 1, 2007. Portion of acquired
1 Januari 2007. Bagian atas laba bersih perusahaan companies’ net income shall be recorded as “Effect of Pro
yang diakuisisi disajikan sebagai "Efek Penyesuaian Forma Adjustment” in the consolidated income statements
Proforma" pada laporan laba rugi konsolidasian untuk for the year ended December 31, 2007.
tahun yang berakhir pada tanggal 31 Desember 2007.
Neraca konsolidasian sebelum dan setelah disajikan Consolidated balance sheet before and after restatement of
kembali adalah sebagai berikut: accounts are as follows:
31 Desember 2007
Sebelum Disajikan Setelah Disajikan
Kembali/ Kembali/
Before Restated After Restated
Rp Rp
ASET LANCAR CURRENT ASSETS
Kas dan Setara Kas 14,709,469,752 15,968,713,539 Cash and Cash Equivalents
Investasi Jangka Pendek 10,959,341,809 10,959,341,809 Short-Term Investments
Pihak Hubungan Istimewa 21,115,317,014 1,157,632,728 Related Parties
Piutang Lain - Lain 164,403,928 770,717,773 Others Receivable
Persediaan 109,426,065,881 154,985,620,557 Inventories
Pajak Dibayar di Muka 1,731,740,949 1,731,740,949 Prepaid Taxes
Biaya Dibayar di Muka 653,024,446 720,024,446 Prepaid Expenses
Uang Muka 8,213,745,000 12,996,308,873 Advance Payment
Jumlah Aset Lancar 226,961,019,957 272,205,166,991 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang Pihak Hubungan Istimewa 2,428,746,752 2,428,746,752 Due from Related Parties
Penyertaan Saham 21,776,000 21,776,000 Investment in Shares of Stock
Aset Pajak Tangguhan 1,375,784,149 1,467,793,878 Deferred Tax Assets
Aset Tetap 275,605,568,821 406,593,952,295 Property, Plant and Equipment
Tanaman Perkebunan -- 100,756,733,460 Biological Assets
Aset Tetap yang Tidak Digunakan 9,216,155,903 9,216,155,903 Unutilized Assets
Jumlah Aset Tidak Lancar 288,648,031,625 520,485,158,288 Total Non Current Assets
JUMLAH ASET 515,609,051,582 792,690,325,279 TOTAL ASSETS
FINAL DRAFT
20 April 16, 2009
To be Finalized
Agreed by :
Date :
31 Desember 2007
Kembali/ Kembali/
Rp Rp
KEWAJIBAN, HAK MINORITAS LIABILITIES, MINORITY INTEREST

DAN EKUITAS AND STOCKHOLDERS' EQUITY
KEWAJIBAN LANCAR CURRENT LIABILITIES

Hutang Bank - Jangka Pendek 189,808,812,363 209,308,812,363 Short-term - Bank Loans
Hutang Usaha Accounts Payable
Pihak Hubungan Istimewa 23,442,839,838 -- Related Party
Hutang Lain - Lain 45,579,445 45,579,455 Other Liabilities
Hutang Pajak 6,751,996,125 11,662,919,773 Taxes Payable
Uang Muka Diterima 8,489,231,539 535,336,288 Advance Received
Beban yang Masih Harus Dibayar 3,116,357,148 4,073,029,901 Accrued Expenses
Hutang Jangka Panjang - Bagian Kewajiban Long-term Loans - Net of Current
yang Jatuh Tempo Dalam Satu Tahun Maturities
Hutang Sewa Pembiayaan 171,367,597 1,540,791,940 Leasing
Hutang Pembiayaan Konsumen 519,602,400 -- Consumers Financing Loan
Hutang Bank 11,100,000,000 11,100,000,000 Bank Loans
Jumlah Kewajiban Lancar 301,803,844,913 300,262,505,252 Total Current Liabilities
KEWAJIBAN TIDAK LANCAR NON-CURRENT LIABILITIES
Hutang Jangka Panjang - Setelah Dikurangi Long-term Loans - Net of Current
Kewajiban yang Jatuh Tempo Dalam Satu Tahun Maturities
Hutang Sewa Pembiayaan -- 13,972,938,317 Leasing
Hutang Pembiayaan Konsumen 1,385,606,400 -- Consumers Financing Loan
Hutang Bank 93,030,800,000 118,710,800,000 Bank Loan
Hutang Pihak Hubungan Istimewa 74,390,000 572,921,080 Due to Related Parties
Estimated Liabilities on Employee
Kewajiban Diestimasi atas Imbalan Kerja 4,749,983,119 5,078,589,297 Benefits
Hutang Obligasi Konversi 3,500,000,000 3,500,000,000 Convertible Bonds
Jumlah Kewajiban Tidak Lancar 102,740,779,519 141,835,248,694 Total Non-Current Liabilities
JUMLAH KEWAJIBAN 404,544,624,432 442,097,753,946 TOTAL LIABILITIES
HAK MINORITAS 119,613,876 377,392,310 MINORITY INTEREST
EKUITAS STOCKHOLDERS’ EQUITY

Modal Disetor 249,500,000,000 249,500,000,000 Issued and Fully Paid Capital
Tambahan Modal Disetor 20,250,000,000 20,250,000,000 Additional Paid in Capital
Difference in Value of Restructuring
Selisih Nilai Transaksi Restrukturisasi Transactions Between Entities
Entitas Sepengendali 1,131,738,707 1,131,738,707 Under Common Control
Pro Forma Capital Arising from
Proforma Modal yang Timbul dari Transaksi Restructuring Transactions of Entities
Restrukturisasi Entitas Sepengendali -- 239,270,365,750 Under Common Control
Defisit (159,936,925,433) (159,936,925,434) Deficits
Jumlah Ekuitas 110,944,813,274 350,215,179,023 Total Stockholders' Equity
JUMLAH KEWAJIBAN, HAK MINORITAS TOTAL LIABILITIES, MINORITY INTEREST
DAN EKUITAS 515,609,051,582 792,690,325,279 AND STOCKHOLDERS' EQUITY
FINAL DRAFT
21 April 16, 2009
To be Finalized
Agreed by :
Date :
Laporan laba rugi konsolidasian sebelum dan setelah Consolidated income statement before and after restatement
disajikan kembali adalah sebagai berikut: of accounts are as follows:
31 Desember 2007
Kembali/ Kembali/
Rp Rp
PENJUALAN 499,870,479,242 483,734,469,842 SALES
BEBAN POKOK PENJUALAN 411,780,010,584 368,445,820,207 COST OF GOOD SOLD
LABA KOTOR 88,090,468,658 115,288,649,635 GROSS PROFIT
BEBAN USAHA 32,191,768,969 34,234,692,182 OPERATING EXPENSES
LABA USAHA 55,898,699,689 81,053,957,453 INCOME FROM OPERATIONS
BEBAN LAIN - LAIN - BERSIH (37,035,903,413) (43,031,601,904) OTHER INCOME (CHARGES) - NET
LABA SEBELUM MANFAAT (BEBAN) INCOME BEFORE INCOME

PAJAK PENGHASILAN 18,862,796,276 38,022,355,549 TAX BENEFITS (EXPENSES)
BEBAN PAJAK PENGHASILAN (3,094,833,391) (5,475,957,861) INCOME TAX EXPENSE

INCOME BEFORE MINORITY
LABA SEBELUM HAK MINORITAS 15,767,962,885 32,546,397,688 INTEREST
HAK MINORITAS ATAS LABA

PERUSAHAAN ANAK
YANG DIKONSOLIDASI (8,238,324) (25,016,759) MINORITY INTEREST
LABA BERSIH SETELAH EFEK NET INCOME AFTER EFFECT

PENYESUAIAN PROFORMA 15,759,724,561 32,521,380,929 OF PRO FORMA ADJUSTMENTS
EFFECT OF PRO FORMA
EFEK PENYESUAIAN PROFORMA -- (16,761,656,368) ADJUSTMENTS
LABA BERSIH SEBELUM EFEK NET INCOME BEFORE EFFECT

PENYESUAIAN PROFORMA 15,759,724,561 15,759,724,561 OF PRO FORMA ADJUSTMENTS
FINAL DRAFT
22 April 16, 2009
To be Finalized
Agreed by :
Date :
4. Kas dan Setara Kas 4. Cash and Cash Equivalents
Akun ini terdiri dari: This account consists of :
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Kas 898,393,000 960,593,039 Cash on Hands

Bank Cash in Banks
Rupiah Rupiah
PT Bank Central Asia Tbk 10,248,620,489 547,346,599 PT Bank Central Asia Tbk
PT ANZ Panin Bank 693,807,894 1,028,767,724 PT ANZ Panin Bank
PT Bank DBS Indonesia 230,944,646 -- PT Bank DBS Indonesia
PT Bank CIMB Niaga Tbk 165,358,225 73,972,809 PT Bank CIMB Niaga Tbk
PT Bank Mega Tbk 120,517,451 42,554,115 PT Bank Mega Tbk
PT Bank Mandiri (Persero) Tbk 87,852,019 1,559,680 PT Bank Mandiri (Persero) Tbk
PT Bank Rabobank International Indonesia 49,197,955 20,797,519 PT Bank Rabobank International Indonesia
PT UOB Buana Tbk 45,274,878 -- PT UOB Buana Tbk
PT Bank Negara Indonesia (Persero) Tbk 39,731,190 39,521,091 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Bukopin Tbk 7,875,142 5,605,880 PT Bank Bukopin Tbk
PT Bank Panin Tbk 1,189,000 -- PT Bank Panin Tbk
PT Bank Rakyat Indonesia (Persero) Tbk -- 244,900,325 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Artha Graha Internasional Tbk -- 4,058,756 PT Bank Artha Graha Internasional Tbk
US Dollar US Dollar
PT Bank Bukopin Tbk (2008: USD 33,237.48; PT Bank Bukopin Tbk (2008: USD 33,237.48;
2007: USD 2,431.93) 363,950,406 22,906,367 2007: USD 2,431.93)
PT ANZ Panin Bank (2008: USD 24,397.85; PT ANZ Panin Bank (2008: USD 24,397.85;
2007: USD 2,818.33) 267,156,458 26,545,850 2007: USD 2,818.33)
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
(2008: USD 12,467.17; (2008: USD 12,467.17;
2007: USD 5,190.02) 136,515,512 48,884,798 2007: USD 5,190.02)
PT Bank DBS Indonesia PT Bank DBS Indonesia
(2008 : USD 6,400.02) 70,080,219 -- (2008 : USD 6,400.02)
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
(2008 : USD 519.86 ; (2008 : USD 519.86 ;
2007 : USD 959.82) 5,692,467 9,040,545 2007 : USD 959.82)
PT Bank Rabobank International Indonesia PT Bank Rabobank International Indonesia
(2008 : USD 484.15 ; (2008 : USD 484.15 ;
2007: USD 657.95) 5,301,443 6,197,231 2007: USD 657.95)
PT UOB Buana Tbk (2007: USD 150.03) -- 1,413,171 PT UOB Buana Tbk (2007: USD 150.03)
Sub Jumlah - Bank 12,539,065,394 2,124,072,460 Sub Total - Banks
FINAL DRAFT
23 April 16, 2009
To be Finalized
Agreed by :
Date :
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Deposito Berjangka Time Deposits
Rupiah Rupiah
PT Bank Mega Tbk 5,000,000,000 842,723,950 PT Bank Mega Tbk
PT Bank NISP Tbk 1,841,324,090 1,841,324,090 PT Bank NISP Tbk
PT Bank CIMB Niaga Tbk -- 10,000,000,000 PT Bank CIMB Niaga Tbk
PT Bank Mandiri (Persero) Tbk -- 200,000,000 PT Bank Mandiri (Persero) Tbk
Sub Jumlah - Deposito 6,841,324,090 12,884,048,040 Sub Total - Time Deposits
Jumlah 20,278,782,484 15,968,713,539 Total
Suku Bunga Deposito per tahun Interest Rate per annum on Time Deposits
Rupiah 6-10% 5-9% Rupiah
Jatuh Tempo 1 - 3 bulan/month 1 - 3 bulan/month Maturity
5. Investasi Jangka Pendek 5. Short Term Investments
Akun ini terdiri dari: This account consists of:
2008 2007
Deposito Rp Rp Time Deposits
Rupiah Rupiah
PT Bank Mega Tbk 153,256,123 -- PT Bank Mega Tbk
PT Bank Central Asia Tbk 4,597,410,000 7,195,743,000 PT Bank Central Asia Tbk
US Dollar US Dollar
(2008 : USD 199,921.20; (2008 : USD 199,921.20;
2007: USD 399,575.20) 2,189,137,140 3,763,598,809 2007: USD 399,575.20)
Jumlah 6,939,803,263 10,959,341,809 Total
Suku Bunga Deposito per tahun Interest Rate per annum on Time Deposits
Rupiah 6-10% 5-9% Rupiah
US Dollar 3.50% 3.50% US Dollar
Pada tahun 2008 dan 2007, deposito berjangka dijadikan In 2008 and 2007, time deposit were pledged as collateral
jaminan atas pinjaman yang diperoleh dari PT Bank Central for loan obtained from PT Bank Central Asia Tbk (see Note
Asia Tbk (lihat Catatan 11.f), sedangkan deposito PT Bank 11.f), whereas time deposit from PT Bank Mega Tbk was
Mega Tbk dijaminkan untuk kontrak penjualan dengan pledged as collateral for sales contract with World Food
World Food Programme Indonesia (lihat Catatan 30). Programme Indonesia (see Note 30).
FINAL DRAFT
24 April 16, 2009
To be Finalized
Agreed by :
Date :
6. Piutang Usaha 6. Accounts Receivable
Rincian piutang usaha Perusahaan dan perusahaan anak The details of accounts receivable of the Company and
adalah sebagai berikut: subsidiaries are as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Pihak Hubungan Istimewa Related Parties
PT Sarana Indoboga Pratama 1,157,632,728 1,157,632,728 PT Sarana Indoboga Pratama
PT Polar Healthcare Indonesia 21,729,274 -- PT Polar Healthcare Indonesia
Jumlah 1,179,362,002 1,157,632,728 Total
Pihak Ketiga Third Parties

United Nations World Food Programme 35,725,904,600 30,611,756,399 United Nations World Food Programme
PT Win Win Sejati 6,729,292,440 1,167,690,094 PT Win Win Sejati
PT Indofarma Global Medika 6,212,243,593 1,913,307,600 PT Indofarma Global Medika
UD Tiga Bintang 3,088,747,587 1,586,849,005 UD Tiga Bintang
UD Anyelir 2,943,611,692 1,988,095,000 UD Anyelir
Eko Ibu 2,434,560,595 3,560,318,120 Eko Ibu
PT Kereta Kencana Murni 2,128,448,947 1,618,362,310 PT Kereta Kencana Murni
Adi Sucipto 1,993,702,380 2,117,167,178 Adi Sucipto
PT Kereta Kencana Mulia (Bogor) 1,744,344,344 -- PT Kereta Kencana Mulia (Bogor)
PT Anugrah Bina Usaha Nusantara 1,474,097,234 1,290,064,093 PT Anugrah Bina Usaha Nusantara
PT Kereta Kencana Makmur 1,356,795,118 -- PT Kereta Kencana Makmur
PT Manohara Asri 1,275,782,278 590,995,396 PT Manohara Asri
Toko Sehati 1,275,499,394 1,493,541,295 Toko Sehati
PT Pratama Anugrah 1,040,705,461 532,595,073 PT Pratama Anugrah
PT Sinar Kasih Lestari 1,004,179,827 -- PT Sinar Kasih Lestari
PT Smart -- 2,288,482,904 PT Smart
Soen Kok Liong -- 1,063,872,750 Soen Kok Liong
Lain-lain (masing-masing dibawah
Rp 1 milyar) 12,864,683,031 21,445,288,762 Others (each below Rp 1 billion)
Jumlah Piutang Pihak Ketiga 83,292,598,521 73,268,385,979 Total Third Parties
Dikurangi : Penyisihan Piutang Ragu-ragu (843,384,888) (353,319,662) Less: Allowance for Doubtful Accounts
Jumlah Piutang Pihak Ketiga - Bersih 82,449,213,633 72,915,066,317 Total Third Parties-Net
Jumlah 83,628,575,635 74,072,699,045 Total
Mutasi penyisihan piutang ragu-ragu pihak ketiga adalah A movement of allowance for doubtful accounts provided for
sebagai berikut: third parties is as follows:
2008 2007
Rp Rp
Saldo Awal Tahun 353,319,662 183,779,349 Beginning Balance

Penambahan Penyisihan 490,065,226 169,540,313 Addition of Allowance
Saldo Akhir Tahun 843,384,888 353,319,662 Ending Balance
FINAL DRAFT
25 April 16, 2009
To be Finalized
Agreed by :
Date :
Rincian seluruh piutang usaha (sebelum penyisihan piutang A detail of accounts receivable (before allowance of doubtful
ragu-ragu) berdasarkan wilayah pelanggan adalah sebagai accounts) based on the customer‘s region is as follows:
berikut:
2008 2007
(Disajikan Kembali,
Catatan 3)
Restated, Note 3)
Rp Rp
Jawa Tengah 13,795,694,920 26,264,578,447 Central Java

Jakarta, Bogor, Depok, Tangerang Jakarta, Bogor, Depok, Tangerang
dan Bekasi 50,544,722,784 33,345,826,130 and Bekasi
Jawa Timur 8,634,278,285 7,877,129,471 East Java
Jawa Barat 9,221,092,101 4,151,369,522 West Java
Sumatera 1,888,094,166 1,986,437,801 Sumatera
Bali dan Nusa Tenggara 77,436,851 361,324,095 Bali and Nusa Tenggara
Sulawesi 310,641,416 116,153,576 Sulawesi
Kalimantan -- 323,199,665 Kalimantan
Jumlah 84,471,960,523 74,426,018,707 Total
Rincian umur piutang usaha pihak hubungan istimewa A detail of accounts receivable from related parties based on
dihitung sejak tanggal faktur adalah sebagai berikut: invoice dates is as follow:
2008 2007
(Disajikan Kembali,
Catatan 3)
Restated, Note 3)
Rp Rp
Sampai dengan 1 bulan 41,857 -- Up to 1 month

> 1 bulan - 2 bulan 41,857 -- > 1 month - 2 months
> 2 bulan - 3 bulan 41,857 -- > 2 months - 3 months
> 3 bulan - 4 bulan 83,714 -- > 3 months - 4 months
> 4 bulan 1,179,152,717 1,157,632,728 > 4 months
Jumlah 1,179,362,002 1,157,632,728 Total
Rincian umur piutang usaha pihak ketiga dihitung sejak A detail of accounts receivable from third parties based on
tanggal faktur adalah sebagai berikut: invoice dates is as follow:
2008 2007
(Disajikan Kembali,
Catatan 3)
Restated, Note 3)
Rp Rp
Sampai dengan 1 bulan 30,048,379,927 26,398,307,234 Up to 1 month

> 1 bulan - 2 bulan 24,941,149,597 20,248,125,235 > 1 month - 2 months
> 2 bulan - 3 bulan 14,517,678,152 12,990,980,080 > 2 months - 3 months
> 4 bulan 6,150,646,012 9,074,274,717 > 4 months
Jumlah 83,292,598,521 73,268,385,979 Total
FINAL DRAFT
26 April 16, 2009
To be Finalized
Agreed by :
Date :
Rincian piutang usaha berdasarkan mata uang adalah A detail of accounts receivable from third parties based on
sebagai berikut: currency used are as follow:
2008 2007
(Disajikan Kembali,
Catatan 3)
Restated, Note 3)
Rp Rp
Rupiah 84,471,960,523 74,420,859,921 Rupiah

USD (2008 : Nihil; 2007: USD 547.70) -- 5,158,786 USD (2008 : Nil; 2007: USD 547.70)
Jumlah 84,471,960,523 74,426,018,707 Total
Berdasarkan hasil penelaahan terhadap keadaan piutang Based on a review of the status of the individual debtors at
masing-masing pelanggan pada akhir tahun, manajemen the end of the year, the management believes that the
berpendapat bahwa penyisihan piutang ragu-ragu yang allowance for doubtful accounts is adequate to cover
dibentuk cukup untuk menutup kemungkinan kerugian tidak possible losses from the uncollectible accounts.
tertagihnya piutang usaha.
Piutang usaha pada pihak ketiga milik PT Tiga Pilar Third parties’ accounts receivable of PT Tiga Pilar Sejahtera,
Sejahtera, perusahaan anak, sejumlah Rp 40 milyar yang a subsidiary, amounted to Rp 40 billion are pledged on cross
terikat secara cross collateralized digunakan sebagai collateral basis for loan obtained from CIMB Niaga formerly
jaminan atas pinjaman CIMB Niaga eks PT Bank Niaga Tbk PT Bank Niaga Tbk and amounted to Rp 28 billion is
dan sejumlah Rp 28 milyar digunakan sebagai jaminan atas pledged as security for loan obtained from CIMB Niaga
pinjaman CIMB Niaga eks PT Bank Lippo Tbk (lihat Catatan formerly PT Bank Lippo Tbk (see Notes 11.c, 11.d, and 17).
11.c, 11.d, dan 17). Piutang ke United Nations World Food Accounts receivable from United Nations World Food
Programme (WFP) telah dijaminkan untuk hutang ke PT Programme (WFP) is pledged as collateral for loan obtained
Bank Rabobank International Indonesia, yakni fasilitas from PT Bank Rabobank International Indonesia under
Receivable Financing Facilities (RFF) (lihat Catatan 11.b). Receivable Financing Facilities (RFF) (see Note 11.b).
Selain itu, piutang usaha sejumlah Rp 120 milyar juga Moreover, accounts receivable amounted to Rp 120 billion is
dijaminkan untuk pinjaman yang diperoleh dari PT ANZ also pledged for loan obtained from PT ANZ Panin Bank
Panin Bank (lihat Catatan 11.g). (see Note 11.g).
7. Persediaan 7. Inventories
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Barang Jadi 26,007,174,725 18,035,179,229 Finished Goods

Bahan Baku 86,724,361,053 91,842,626,421 Raw Materials
Bahan Pembantu 33,236,341,102 28,859,582,002 Supporting Materials
Suku Cadang dan Bahan Bakar 49,594,704,497 16,448,530,896 Sparepart and Fuel
Less: Allowance for Obsolescence
Dikurangi : Penyisihan Persediaan Usang (200,297,991) (200,297,991) Inventories
Jumlah 195,362,283,386 154,985,620,557 Total
FINAL DRAFT
27 April 16, 2009
To be Finalized
Agreed by :
Date :
Pada tanggal 31 Desember 2008 dan 2007, seluruh As of December 31, 2008 and 2007 the inventories are
persediaan telah diasuransikan pada PT Asuransi Central covered by insurance to PT Asuransi Central Asia against
Asia terhadap risiko kebakaran dan risiko lainnya dengan fire and other risks with a sum insured of Rp 96.9 billion and
jumlah pertanggungan masing-masing sebesar Rp 96,9 Rp 93 billion, respectively.
milyar dan Rp 93 milyar.
Manajemen berpendapat bahwa nilai pertanggungan Management believes that the sum insured is adequate to
tersebut memadai untuk menutup kemungkinan kerugian cover any possible inventories losses.
persediaan.
Persediaan milik PT Tiga Pilar Sejahtera, perusahaan anak, Inventories owned by PT Tiga Pilar Sejahtera, a subsidiary,
sejumlah Rp 40 milyar yang terikat secara cross amounted to Rp 40 billion are bound as crosscollateral for
collateralized digunakan sebagai jaminan atas pinjaman loan obtained from PT Bank CIMB Niaga Tbk (see Note 11.c
yang diperoleh dari PT Bank CIMB Niaga Tbk (lihat Catatan and 17). Inventories are also pledged as collateral for loan
11.c dan 17). Persediaan juga dijaminkan sebesar nilai obtained from PT Bank Rabobank International Indonesia
pembiayaan atas pinjaman yang diperoleh dari PT Bank and PT Bank DBS Indonesia (see Note 11.b and 11.a). In
Rabobank International Indonesia dan PT Bank DBS addition, sum amounted to Rp 50 billion is also used as
Indonesia (lihat Catatan 11.b dan 11.a). Selain itu sejumlah pledged for loan obtained from PT ANZ Panin Bank (see
Rp 50 milyar digunakan sebagai jaminan atas pinjaman Note 11.g).
yang diperoleh dari PT ANZ Panin Bank (lihat Catatan
11.g).
Manajemen berpendapat bahwa penyisihan penurunan nilai Management believes that allowance for inventory
persediaan cukup untuk menutup kemungkinan yang timbul obsolescence is adequate to cover losses from impairment
akibat penurunan nilai persediaan. on the value of inventories.
8. Uang Muka 8. Advance Payment

2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Uang Muka Pembelian Bahan Baku 8,796,151,056 4,373,825,873 Advance for Raw Materials
Uang Muka Pengadaan Piranti Lunak 3,196,130,263 -- Advance for New Software
Uang Muka Perijinan 1,102,764,500 484,983,000 Advance for Permit
Uang Muka Jaminan 81,866,053 -- Deposits in Advance
Uang Muka Pembelian Mesin -- 8,137,500,000 Advance for Machinery
Jumlah 13,176,911,872 12,996,308,873 Total
Pada tanggal 31 Desember 2007, uang muka pembelian This account represents advance of PT Tiga Pilar Sejahtera,
mesin merupakan pembayaran untuk pembelian mesin a subsidiary, to purchase dry corned rice noodle machine to
bihun kering jagung oleh PT Tiga Pilar Sejahtera, Guangzhou Tech Development and Oversea Trade
perusahaan anak, kepada Guangzhou Tech Development Corporation.
and Oversea Trade Corporation.
Uang muka pengadaan piranti lunak merupakan Advance for procurement of software represents payment to
pembayaran kepada PT IFS Solutions Indonesia untuk PT IFS Solutions Indonesia for the preparation of information
persiapan proyek penggantian sistem informasi (lihat system migration project (see Note 30).
Catatan 30).
FINAL DRAFT
28 April 16, 2009
To be Finalized
Agreed by :
Date :
9. Aset Tetap 9. Property, Plant and Equipment
2008
Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo Akhir/
Beginning Balance Addtion Deduction Reclassification Ending Balance
Rp Rp Rp Rp Rp
Nilai Tercatat Acquisition Cost
Pemilikan Langsung Direct Ownership
Tanah 82,775,179,258 40,000,000,000 -- -- 122,775,179,258 Land
Prasarana Jalan 5,880,100,083 -- -- -- 5,880,100,083 Road Facility
Bangunan 103,464,681,813 2,155,000,003 -- -- 105,619,681,816 Buildings
Mesin 248,258,662,472 29,595,784,440 -- 33,297,554,414 311,152,001,326 Machineries
Peralatan Pabrik 1,113,468,808 79,829,999 -- -- 1,193,298,807 Factory Equipments
Kendaraan 11,493,192,571 2,867,664,184 276,926,000 -- 14,083,930,755 Vehicles
Perabot dan Peralatan 2,538,971,186 1,268,795,606 -- -- 3,807,766,792 Furniture and Fixtures
Jumlah 455,524,256,191 75,967,074,232 276,926,000 33,297,554,414 564,511,958,837 Total
Aset Sewa Pembiayaan Assets Under Leasing
Mesin 4,909,507,356 47,145,010,373 -- (775,468,000) 51,279,049,729 Machineries
Aset Dalam Penyelesaian Construction in Progress
Mesin 70,577,732,175 61,596,305,488 -- (32,522,086,414) 99,651,951,249 Machinery
Bangunan 47,348,487 7,288,198,432 -- -- 7,335,546,919 Buildings
Jumlah Nilai Tercatat 531,058,844,209 191,996,588,525 276,926,000 -- 722,778,506,734 Total Acquisition Cost
Akumulasi Penyusutan Accumulated Depreciation
Prasarana Jalan 693,972,529 294,005,004 -- -- 987,977,533 Road Facility
Mesin 91,961,479,981 31,413,127,623 -- 282,722,720 123,657,330,324 Machineries
Peralatan Pabrik 754,653,252 112,036,608 -- -- 866,689,860 Factory Equipments
Kendaraan 7,088,035,589 1,017,132,896 222,117,740 -- 7,883,050,745 Vehicles
Perabot dan Peralatan 1,844,060,080 249,687,663 -- -- 2,093,747,743 Furniture and Fixtures
Jumlah 124,246,791,530 38,259,223,854 222,117,740 282,722,720 162,566,620,364 Total
Mesin 218,100,384 752,122,334 -- (282,722,720) 687,499,998 Machineries
Jumlah Akumulasi Penyusutan 124,464,891,914 39,011,346,188 -- -- 163,254,120,362 Total Accumulated Depreciation
Nilai Buku 406,593,952,295 559,524,386,372 Book Value
2007 (Disajikan Kembali, Catatan 3/ Restated, Note 3 )

Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi/ Saldo Akhir/
Beginning Balance Addtion Deduction Reclassification Ending Balance
Rp Rp Rp Rp Rp
Nilai Tercatat Acquisition Cost
Tanah 43,699,329,258 39,075,850,000 -- -- 82,775,179,258 Land
Prasarana jalan 5,880,100,083 -- -- -- 5,880,100,083 Road Facility
Mesin 158,804,057,146 89,454,605,326 -- -- 248,258,662,472 Machineries
Peralatan pabrik 1,113,468,808 -- -- -- 1,113,468,808 Factory Equipments
Kendaraan 8,298,526,331 3,194,666,240 -- -- 11,493,192,571 Vehicles
Jumlah 303,146,993,017 152,377,263,174 -- -- 455,524,256,191 Total
Mesin 775,468,000 4,134,039,356 -- -- 4,909,507,356 Machineries
Aset Dalam Penyelesaian -- 70,625,080,662 -- -- 70,625,080,662 Construction in Progress
Jumlah Nilai Tercatat 303,922,461,017 227,136,383,192 -- -- 531,058,844,209 Total Acquisition Cost
Prasarana jalan 399,967,525 294,005,004 -- -- 693,972,529 Road Facility
Mesin 73,009,216,850 18,952,263,131 -- -- 91,961,479,981 Machineries
Peralatan Pabrik 634,954,775 119,698,477 -- -- 754,653,252 Factory Equipments
Kendaraan 6,186,932,858 901,102,731 -- -- 7,088,035,589 Vehicles
Jumlah 99,658,096,289 24,588,695,241 -- -- 124,246,791,530 Total
Mesin 121,166,881 96,933,503 -- -- 218,100,384 Machineries
Jumlah Akumulasi Penyusutan 99,779,263,170 24,685,628,744 -- -- 124,464,891,914 Total Accumulated Depreciation
FINAL DRAFT
29 April 16, 2009
To be Finalized
Agreed by :
Date :
Beban Penyusutan dialokasikan sebagai berikut: Depreciation expense is allocated as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Beban Pokok Penjualan 37,003,148,817 22,889,877,696 Cost of Goods Sold

Beban Penjualan 460,740,724 651,326,518 Selling Expense
Beban Umum dan Administrasi 1,547,456,647 1,144,424,530 General and Administrative Expense
Jumlah 39,011,346,188 24,685,628,744 Total
Pada tahun 2008 dan 2007, PT Tiga Pilar Sejahtera, In 2008 and 2007, PT Tiga Pilar Sejahtera, a subsidiary, had
perusahaan anak telah menambah beberapa aset tetap acquired several assets as follows:
diantaranya adalah :
 Tanah yang berlokasi di Desa Sepat, Kecamatan  Land located in Desa Sepat, Masaran District, Sragen,
Masaran, Sragen, Jawa Tengah dengan luas Central Java covering 124,285 sqm with Building Right
seluruhnya 124.285 m2 dengan Sertifikat Hak Guna Title No. 38, 37, 36, 35, 34, 33, 32, 31, 30, 28, 27 and 26
Bangunan (SHGB) No. 38, 37, 36, 35, 34, 33, 32, 31, under the name of PT Tiga Pilar Sejahtera, a subsidiary.
30, 28, 27 dan 26 atas nama PT Tiga Pilar Sejahtera, Land addition during 2008 were still in the process of
perusahaan anak. Sebagian besar dari penambahan obtaining right title, as of the audit report date, the
aset tetap tanah pada tahun 2008 masih dalam proses process remains in progress.
perolehan hak atas tanah, sampai dengan tanggal
laporan audit, proses perolehan hak tersebut masih
berlangsung.
 Bangunan pabrik yang terletak di Desa Sepat,  Factory building located in Desa Sepat, Masaran District,
Kecamatan Masaran, Sragen, Jawa Tengah; dan Sragen, Central Java; and
 Mesin pabrik di TPS, perusahaan anak.  Factory machinery at TPS, a subsidiary.
Beberapa aset tetap milik Perusahaan dan PT Tiga Pilar Several of the property and equipment owned by the
Sejahtera, perusahaan anak, terikat secara cross Company and PT Tiga Pilar Sejahtera, a subsidiary, are
collateralized sebagai jaminan atas pinjaman dari PT Bank bound as crosscollateral for loan obtained from
CIMB Niaga Tbk dan PT ANZ Panin Bank (lihat Catatan PT Bank CIMB Niaga Tbk and PT ANZ Panin Bank (see
11.c.1, 11.g dan 17). Notes 11.c, 11.g, and 17).
Pada tahun 2008 dan 2007, saldo aset dalam penyelesaian In 2008 and 2007, balance of assets construction in
terutama berasal dari proyek pembangunan pembangkit progress primarily from the construction of electric power
tenaga listrik yang terletak di Sragen, Jawa Tengah yang plant located in Sragen, Central Java implemented by PPN,
dilaksanakan oleh PPN, perusahaan anak yang masih a subsidiary, which was still under development stage.
dalam tahap pengembangan.
Pada tanggal 31 Desember 2008 dan 2007, aset tetap As of December 31, 2008 and 2007, property and equipment
kecuali tanah telah diasuransikan pada PT Asuransi Central except land had been insured to PT Asuransi Central Asia
Asia terhadap risiko kebakaran dan risiko lainnya dengan against losses of fire and other risks with the sum insured of
jumlah pertanggungan masing-masing sebesar Rp 195,778,205,800 and Rp 170,200,468,000, respectively.
Rp 195.778.205.800 dan Rp 170.200.468.000. Manajemen The management is of the opinion that the sum insured were
berpendapat bahwa nilai pertanggungan tersebut memadai adequate to cover possible losses from the covered assets.
untuk menutup kemungkinan kerugian atas aset yang
dipertanggungkan.
FINAL DRAFT
30 April 16, 2009
To be Finalized
Agreed by :
Date :
Mesin-mesin yang tidak digunakan dalam produksi dengan Machineries which are not used in production process with a
nilai tercatat sebesar Rp 9.216.155.903 disajikan dalam carrying value of Rp 9,216,155,903 are presented under
akun “Aktiva Tetap yang Tidak Digunakan” pada aktiva tidak “Unutilized Assets“ as part of non current assets.
lancar.
Berdasarkan evaluasi manajemen mengenai nilai yang Based on management evaluation of the recoverable
dapat diperoleh kembali pada 31 Desember 2008, amount of property, plant and equipment as of December 31,
manajemen Perusahaan berpendapat belum terdapat 2008, management believes that there are no changes in
perubahan yang mengidentifikasikan penurunan nilai yang circumstances which indicate a material impairment of
material terhadap aktiva yang tidak digunakan. unutilized assets.
10. Tanaman Perkebunan 11. Biological Assets
Tanaman perkebunan terdiri dari: Biological assets account consists of:

2008
Saldo Awal/ Penambahan/ Pengurangan/ Saldo Akhir/
Beginning Additions Deduction Ending
Balances Balances
Rp Rp Rp Rp
Biaya Perolehan Acquisition Cost
Kelapa Sawit 104,409,945,674 26,227,384,561 -- 130,637,330,235 Palm Oil

2007
Saldo Awal/ Penambahan/ Pengurangan/ Saldo Akhir/
Beginning Additions Deduction Ending
Balances Balances
Rp Rp Rp Rp
Biaya Perolehan Acquisition Cost

Beban penyusutan tanaman telah menghasilkan Depreciation expenses for mature plantations are charged to
dibebankan pada biaya produksi. cost of production.
Beban bunga pinjaman yang dikapitalisasi ke tanaman Borrowing cost capitalized to immature plantations is
belum menghasilkan adalah sebesar Rp 185.867.744 per amounted to Rp 185,867,744 as of December 31, 2008,
31 Desember 2008, sedangkan untuk tahun 2007 tidak ada whereas in 2007 there was no borrowing cost being
biaya pinjaman yang dikapitalisasi. capitalized.
Seluruh tanaman perkebunan perusahaan berlokasi di All of the biological assets are located in Kalimantan. Details
Kalimantan. Rincian tanaman berdasarkan luas area adalah of plantations based on the area wide are as follows:
sebagai berikut:
2008 2007
(Hektar/Hectares ) (Hektar/Hectares )
Tanaman Telah Menghasilkan 2,500 1,750 Mature Plantations

Tanaman Belum Menghasilkan 3,500 3,750 Immature Plantations
Jumlah 6,000 5,500 Total
FINAL DRAFT
31 April 16, 2009
To be Finalized
Agreed by :
Date :
Tanaman perkebunan dijaminkan atas pinjaman dari PT Biological Assets are pledged as collateral for loan from PT
Bank Mandiri (Persero) Tbk yang diperoleh PT Bumiraya Bank Mandiri (Persero) Tbk which is obtained by
Investindo, perusahaan anak (lihat Catatan 17). PT Bumiraya Investindo, a subsidiary (see Note 17).
11. Hutang Bank – Jangka Pendek 11. Short Term - Bank Loans
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Rupiah Rupiah
PT Bank DBS Indonesia 78,526,000,000 -- PT Bank DBS Indonesia
PT Bank Rabobank International Indonesia 64,965,000,000 69,962,000,000 PT Bank Rabobank International Indonesia
PT ANZ Panin Bank 54,777,796,597 21,363,684,808 PT ANZ Panin Bank
- Eks PT Bank Lippo Tbk 33,608,918,000 27,850,000,000 - Formerly PT Bank Lippo Tbk
- Eks PT Bank Niaga Tbk -- 41,657,090,533 - Formerly PT Bank Niaga Tbk
PT Bank Negara Indonesia (Persero) Tbk 19,500,000,000 19,500,000,000 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Central Asia Tbk 17,998,200,000 17,989,357,500 PT Bank Central Asia Tbk
US Dollar US Dollar
(2008 : USD 999,606; 2007: USD 998,938) 10,945,685,700 9,408,997,022 (2008 : USD 999,606; 2007: USD 998,938)
PT ANZ Panin Bank (USD 167,500) -- 1,577,682,500 PT ANZ Panin Bank (USD 167,500)
Jumlah 280,321,600,297 209,308,812,363 Total
Fasilitas pinjaman yang diperoleh TPS terdiri dari: Loan facilities obtained by TPS consist of:
a. PT Bank DBS Indonesia a. PT Bank DBS Indonesia

Berdasarkan perjanjian pinjaman Nomor 58 tanggal 26 Based on Loan Agreement No 58 dated June 26, 2008
Juni 2008 yang telah dinyatakan dalam akta Notaris which has been mentioned in The Notarial Deed by
Veronica Nataadmadja, SH, Notaris di Jakarta, TPS, Veronica Nataadmadja, SH, Notary in Jakarta, TPS, a
perusahaan anak, memperoleh fasilitas pinjaman subsidiary, obtained loan facility amounted to Rp 120
sebesar Rp 120 milyar, dan terbagi atas berbagai billion, and divided into various facilities with details as
fasilitas dengan rincian sebagai berikut: mentioned below:
1. Uncommitted short term credit 1. Uncommitted short term credit
Selanjutnya disebut fasilitas jangka pendek, dengan From herein is called short term facility, with
plafond maksimum Rp 90 milyar atau ekuivalen maximum limit of Rp 90 billion, otherwise equivalent
dalam bentuk USD, fasilitas ini terdiri dari: to its USD value, the facility comprises of:
(i) Uncommitted account payable financing facilities (i) Uncommitted account payable financing facilities
dengan plafond maksimal Rp 90 milyar. Jangka with maximum limit of Rp 90 billions. Maximum
waktu pembiayaan maksimum 180 hari. financing term of period is 180 days.
(ii) Uncommitted account receivables discounting (ii) Uncommitted account receivable discounting
facility dengan plafond maksimum Rp 90 milyar. facility with maximum limit of Rp 90 billions.
Jangka waktu maksimum 180 hari. Maximum term of period is 180 days.
(iii) Uncommitted import letter of credit dengan (iii) Uncommitted import letter credit with maximum
plafond maksimum Rp 90 milyar. Jangka waktu limit of Rp 90 billions. Maximum term of period is
maksimum 180 hari. 180 days.
FINAL DRAFT
32 April 16, 2009
To be Finalized
Agreed by :
Date :
(iv) Uncommitted trust receipt facility dengan plafond (iv) Uncommitted trust receipt facility with maximum
maksimum Rp 90 milyar. Jangka waktu limit of Rp 90 billions. Maximum term of period is
maksimum 180 hari. 180 days.
(v) Uncommitted bank guarantee facility dengan (v) Uncommitted bank guarantee facility with
plafond maksimum Rp 35 milyar, digunakan maximum limit of Rp 35 billions, used to issue
untuk penerbitan bank garansi dengan jangka bank guarantee with issuing period for each BG
waktu penerbitan untuk setiap BG maksimum maximum for 360 days and not exceeding due
360 hari dan tidak melebihi tanggal jatuh tempo. date.
Fasilitas uncommitted short term credit tersedia Uncommitted short term credit facilities are jointly
secara bersama-sama tidak melebihi total jumlah available for the sum not exceeding maximum facility
fasilitas maksimum hingga Rp 90 milyar. limit of Rp 90 billions.
2. Uncommitted revolving credit facility, 2. Uncommitted revolving credit facility
Selanjutnya disebut fasilitas RCF dengan jumlah Hereinafter referred to as RCF facility with maximum
fasilitas tersedia hingga maksimum sebesar Rp 30 total available facility of Rp 30 billions with each
milyar dengan jangka waktu untuk setiap penarikan withdrawal maximum for 120 days.
maksimum 120 hari.
Fasilitas pinjaman akan berakhir pada 26 Juni 2009. Loan facility will be ended on June 26, 2009. Short term
Fasilitas jangka pendek dan fasilitas RCF untuk loan and RCF facility for withdrawal in USD is charged
penarikan dalam USD dikenakan tingkat bunga with interest rate amounted to Singapore Interbank
sebesar Singapore Interbank Offered Rate (SIBOR) Offered Rate (SIBOR) plus 2.5% per annum, with
ditambah 2,5% per tahun, dengan jangka waktu maximum 3 months period. Short term facility and RCF
maksimum 3 bulan. Fasilitas jangka pendek dan facility for withdrawals in Rupiah is charged with interest
fasilitas RCF untuk penarikan dalam Rupiah dengan rate at the amount of Bank of Indonesia Certificate (SBI)
tingkat bunga sebesar suku bunga SBI ditambah 2% interest rate plus 2% per annum, with maximum 3
pertahun, dengan jangka waktu bunga maksimum 3 months interest rate period.
bulan.
b. PT Bank Rabobank International Indonesia b. PT Bank Rabobank International Indonesia
(Rabobank) (Rabobank)
Receivable Financing Facility Receivable Financing Facility

Pada tanggal 28 Maret 2006, melalui perjanjian On March 28, 2006, through agreement No.
No. LA/CA/1251/2006, Perusahaan mendapatkan LA/CA/1251/2006, the Company obtained Receivable
fasilitas pinjaman Receivable Financing Facility (RFF) Financing Facility (RFF) loan facility from Rabobank.
dari Rabobank. Fasilitas ini ditujukan untuk membiayai This facility has the purpose of financing the Company’s
tagihan Perusahaan kepada World Food Programme invoices from World Food Programme (see Note 6) with
(lihat Catatan 6) dengan plafond sebesar Rp 45 milyar maximum limit of Rp 45 billion and charged with
dan dikenakan bunga sebesar COF ditambah 3,5% per Lender’s COF interest rate plus 3.5 % per annum. COF
tahun. COF adalah besaran biaya pinjaman (cost of is the measurement on cost of fund determined by
fund) yang ditentukan oleh Rabobank. Rabobank.
Berdasarkan adendum kedua perjanjian Based on second amendment of loan agreement
No.LA/CA/1385/2007 tanggal 11 Januari 2007, TPS No.LA/CA/1385/2007 dated January 11, 2007, TPS
mendapatkan sejumlah fasilitas dengan total nilai obtained several facilities with maximum limit of Rp 70
maksimum perjanjian sebesar Rp 70 milyar dan billion with interest rate of COF plus 3% per annum for
dikenakan bunga sebesar COF ditambah 3% per tahun loan denominated in rupiah and USD. The loan facility
untuk pinjaman rupiah dan USD. Fasilitas pinjaman ini had been extended for several times, the latest through
telah diperpanjang beberapa kali, terakhir melalui Facility Amendment Agreement No.
Perjanjian Perubahan Fasilitas No. LA/CA/1677/A6/2008 LA/CA/1677/A6/2008 dated December 18, 2008 which
tanggal 18 Desember 2008 yang memperpanjang extends the facility until January 30, 2009 (see
fasilitas ini sampai dengan 30 Januari 2009 (lihat Note 31).
Catatan 31).
FINAL DRAFT
33 April 16, 2009
To be Finalized
Agreed by :
Date :
Pinjaman ini dijamin dengan jaminan: The loan facility is secured with the following collaterals:
 Fidusia atas piutang usaha yang berasal dari WFP  Fiduciary on accounts receivable from WFP at
sebesar pembiayaan oleh bank (lihat Catatan 6), amount equals to the amount funded by the bank
(untuk fasilitas kredit RFF); (see Note 6) (for RFF credit facility);
 Sekurangnya 20% dari margin deposito dari saldo  At least 20 % of deposit margin from outstanding
L/C. (untuk fasilitas kredit L/C); L/C. (for L/C credit facility);
 Cash deposit sebesar 10% dari saldo B/G (untuk  10 % cash deposit for outstanding B/G (for B/G
fasilitas kredit B/G); credit facility);
 50% margin kas dari total fasilitas SFF (untuk  50% cash margin of total SFF facility (for SFF credit
fasilitas kredit SFF); facility);
 Jaminan Fidusia atas Hak Milik penggunaan seluruh  Fiduciary Security over Proprietary Rights purposes
persediaan perusahaan yang dibiayai Rabobank for all of the Company’s stock financed by
termasuk kewajiban fidusia atas asuransi persediaan Rabobank included fiduciary liability of the
perusahaan; Company’s stock insurance;
 Sejumlah asuransi atas nama perusahaan;  Several insurances under the Company’s name;
 Surat Kuasa untuk menjual persediaan perusahaan  Letter of Authority to sell the Company’s stocks
yang dibiayai Rabobank; dan financed by Rabobank; and
 Jaminan pribadi dari Herry Beng Koestanto,  Personal Guarantee from Herry Beng Koestanto,
Stefanus Joko Mogoginto, Budi Istanto Suwito, Stefanus Joko Mogoginto, Budi Istanto Suwito,
Hengky Koestanto dan Dewi Koestanto. Hengky Koestanto and Dewi Koestanto.
Ringkasan fasilitas yang diperoleh dari Rabobank A summary of all credit facility obtained from Rabobank
adalah sebagai berikut: is as follow:
Fasilitas/ Plafond/ Suku Bunga Pinjaman Jangka Waktu Jatuh Tempo (bulan)/
Facilities Limit Interest Rate Term of Loan Period (Months)
Rupiah
Receivable Financing Facility (RFF) Rp 45,000,000,000 COF + 3% p.a. 4 bulan/months
L/C Facility Rp 60,000,000,000 COF + 3% p.a. 4 bulan/months
Post Import Financing (PIF) Rp 60,000,000,000 COF + 3% p.a. 4 bulan/months
US Dollar
Bank Guarantee (B/G Facility) USD 3,000,000 COF + 3% p.a. 12 bulan/months
Saldo fasilitas pinjaman RFF dan PIF per 31 Desember RFF and PIF outstanding loan facility as of
2008 masing-masing sebesar Rp 8.983.000.000 dan December 31, 2008 amounted to Rp 8,983,000,000 and
Rp 55.982.000.000 (2007: Rp 37.327.000.000 dan Rp 55,982,000,000, respectively (2007:
Rp 32.635.000.000). Rp 37,327,000,000 and Rp 32,635,000,000).
c. PT Bank CIMB Niaga Tbk – eks PT Bank Niaga Tbk c. PT Bank CIMB Niaga Tbk – formerly PT Bank Niaga
(Bank Niaga) Tbk (Bank Niaga)
1. Fasilitas Kredit Pinjaman Tetap (Fasilitas PT) dan 1. Fixed Loan Credit Facility (Facility PT) and
Fasilitas PT II Facility PT II
Berdasarkan Akta Perjanjian Kredit No. 16 dari E. Based on Deed of Credit Agreement No. 16,
Betty Budiyanti Moesigit, SH, Notaris di Jakarta of E. Betty Budiyanti Moesigit, SH, a Notary, in
tanggal 24 Juli 2003, TPS mendapatkan fasilitas Jakarta dated July 24, 2003, TPS obtained Fixed
Kredit Pinjaman Tetap (Fasilitas PT) dari Bank Niaga Loan Credit Facility (FL Facility) from Bank Niaga
sebesar Rp 15 milyar yang digunakan untuk modal amounted to Rp 15 billion which will be used for
kerja dengan plafond maksimal sebesar working capital with a maximum limit of Rp 25 billion
Rp 25 milyar yang jatuh tempo pada tanggal 24 Juli which will be due on July 24, 2004. Amounted to Rp
2004. Sebesar Rp 10 milyar dari fasilitas pinjaman 10 billion of loan facility was allocated to overdraft
tersebut dialokasikan kepada fasilitas pinjaman facility (see Note 11.c.2) The loan is used by TPS for
rekening koran (lihat Catatan 11.c.2). Pinjaman ini buying back convertible bond which was issued by
digunakan TPS untuk membeli kembali obligasi the Company (see Note 12).
konversi yang diterbitkan Perusahaan (lihat
Catatan 12).
FINAL DRAFT
34 April 16, 2009
To be Finalized
Agreed by :
Date :
Selanjutnya, berdasarkan Perjanjian Kredit dibawah Furthermore, based on Credit Agreement

tangan No. 536/AMD/CBG/JKT/07 tanggal No. 536/AMD/CBG/JKT/07 dated November 1, 2007
1 Nopember 2007 Bank setuju untuk, Bank agreed to extend the maturity period of
memperpanjang jangka waktu Fasilitas PT dan PT Facility and Fixed Loan Credit Facility II
Fasilitas Pinjaman Tetap II (Fasilitas PT II) masing- (PT Facility II) amounted to Rp 15 billion and Rp 10
masing sebesar Rp 15 milyar dan Rp 10 milyar. billion, respectively. Both fixed loan facilities will be
Kedua fasilitas pinjaman tetap ini jatuh tempo pada due on July 24, 2008. Interest rates in 2008 and
tanggal 24 Juli 2008. Tingkat suku bunga untuk 2007, ranging from 16% to 17.5%, respectively.
tahun 2008 dan 2007 masing masing berkisar antara
16% sampai dengan 17,5%.
Saldo kedua fasilitas pinjaman tetap pada The outstanding balance for both facilites as of
31 Desember 2008 dan 2007 masing-masing December 31, 2008 and 2007 were Rp 25 billion,
sebesar Rp 25 milyar. respectively.
Fasilitas pinjaman ini dijamin dengan: These loan facilities are secured with the followings:
 Pembebanan Hak Tanggungan atas tanah dan  Collateral of land and buliding owned by TPS in
bangunan pabrik milik TPS di Jalan Grompol Jalan Grompol Jambangan Km. 4 with Building
Jambangan Km. 4, dengan sertifikat Hak Guna Rights Title (HGB) No. 1 - 4 and 6 - 13, Desa
Bangunan (HGB) No. 1 - 4 dan 6 - 13, Desa Sepat, Masaran District, Sragen, Central Java
Sepat, Kecamatan Masaran, Sragen, Jawa under the name of TPS with minimum collateral
Tengah atas nama TPS dengan nilai hak value of Rp 75 billion (see Note 9);
tanggungan minimal sebesar Rp 75 milyar (lihat
Catatan 9);
 Fidusia atas mesin-mesin dan peralatan yang  Fiduciary on machineries and equipment which
terletak di pabrik dan lokasi lainnya dengan nilai located at factory and other location with
penjaminan minimal Rp 93,5 Milyar (lihat minimum value of Rp 93.5 billion (see Note 9);
Catatan 9);
 Fidusia atas tagihan kepada pihak ketiga dengan  Fiduciary on claim of trade reveivable to third
nilai penjaminan masing-masing sebesar parties with amount of Rp 40 billion ( see Note 6);
Rp 40 Milyar (lihat Catatan 6);
 Fidusia atas persediaan senilai Rp 40 Milyar  Fiduciary on inventories of Rp 40 billion (see
(lihat Catatan 7); Note 7);
 Jaminan fidusia atas hak klaim asuransi beserta  Fiduciary guarantee on insurance claim and
kuasa untuk mengajukan klaim (kuasa authority to claim (claim authority);
pencairannya);
 Jaminan fidusia atas rekening koran serta kuasa  Fiduciary guaranty over current account and
pencairannya; authority to claim;
 Pembebanan hak tanggungan atas tanah dan  Collateral of land and factory building owned by
bangunan pabrik milik Perusahaan sesuai the Company as stated on Building Right Title
dengan sertifikat HGB No. 53 yang terletak di certificate No. 53 located in Cimanggis, West
Cimanggis, Jawa Barat, dengan nilai hak Java, with collateral amount of Rp 9.7 billion (see
tanggungan sebesar Rp 9,7 milyar (lihat Catatan Note 9);
9);
 Jaminan fidusia atas seluruh mesin serta  Fiduciary on all of machineries and other
equipment lainnya dan kendaraan milik equipments and the Company’s vehicles with
Perusahaan dengan nilai penjaminan sebesar collateral amount of Rp 23.3 billion (see Note 9);
Rp 23,3 milyar (lihat Catatan 9);
 Penanggungan pribadi Priyo Hadi Sutanto; dan  Personal Guarantee of Priyo Hadi Sutanto; and
 Fidusia atas mesin boiler batubara dengan nilai  Fiduciary on coal boiler machine with minimum
penjaminan minimum USD 1,182,908.57 (lihat collateral amount of USD 1,182,908.57 (see
Catatan 9). Note 9).
FINAL DRAFT
35 April 16, 2009
To be Finalized
Agreed by :
Date :
Jaminan tersebut diatas juga terikat secara “cross Those collaterals are bound as “cross collateralized”
collateralized” terhadap fasilitas kredit lainnya yang to other credit facilites obatained TPS from Bank
diberikan oleh Bank Niaga kepada TPS (lihat Niaga (see Note 17).
Catatan 17).
Atas pinjaman ini, TPS terikat dengan pembatasan According to this loan, TPS is restricted to take
tidak diperkenankan melakukan tindakan-tindakan certain actions (see Note 17).
tertentu (lihat Catatan 17).
2. Fasilitas Pinjaman Rekening Koran (PRK) 2. Current Account Loan Facility (PRK)
Berdasarkan Perjanjian Untuk Panjar Melalui Based on Agreement to Advance through Current
Rekening Koran No.313/CBG/JKT/2003 tanggal Account No. 313/CBG/JKT/2003 dated on August 11,
11 Agustus 2003, TPS mengalokasikan sebagian 2003, TPS allocated part of FL Facility amounted to
Fasilitas PT sebesar Rp 10 milyar ke dalam Fasilitas Rp 10 billion to Current Account Loan Facility (PRK)
Pinjaman Rekening Koran (PRK) dengan tingkat with annual interest rate of 16.25%. This loan has no
suku bunga 16,25% per tahun. Pinjaman ini tidak fixed maturity period and has been extended several
memiliki jangka waktu tetap dan telah beberapa kali times, the latest with credit agreement
diperpanjang jatuh temponya terakhir melalui No.537/AMD/CBG/JKT//07 dated November 1, 2007,
perjanjian kredit No.537/AMD/CBG/JKT//07 tanggal PRK will be due on July 24, 2008 and interest rate in
1 Nopember 2007, jatuh tempo PRK pada tanggal 2008 and 2007 are ranging from 16% to 17.5%,
24 Juli 2008 dan tingkat suku bunga untuk tahun respectively.
2008 dan 2007 masing masing berkisar antara 16%
sampai dengan 17,5%.
Saldo fasilitas pinjaman ini masing-masing sebesar The outstanding balance of this loan facility
nihil dan Rp 7.657.090.533 pada 31 Desember 2008 amounted to nil and Rp 7,657,090,533 as of
dan 2007. Fasilitas pinjaman ini terikat beberapa December 2008 and 2007, respectively. Those loan
persyaratan dan jaminan yang terikat secara “Cross facilities are bound with certain condition and
Collateralized” terhadap fasilitas-fasilitas kredit securities bounded as “Cross Collateralized” for other
lainnya yang diberikan oleh Bank Niaga kepada TPS credit facilities obtained by TPS from Bank Niaga
(lihat Catatan 17). (see Note 17).
3. Pinjaman Transaksi Khusus Tranche C (PTK 3. Special Transactioan Loan Tranche C (PTK
Tranche C) Tranche C)
Pinjaman Transaksi Khusus Tranche C (PTK Special Transaction Loan Tranche C (PTK Tranche
Tranche C) dari Bank Niaga dengan fasilitas sebesar C) from PT Bank Niaga Tbk with total facility of
Rp 9 milyar (lihat Catatan 17). Rp 9 billion (see Note 17).
Jangka waktu fasilitas pinjaman ini telah beberapa The term of loan had been extended several times.
kali diperpanjang. Berdasarkan perjanjian Kredit di Based on Credit agreement
bawah tangan No.565/AMD/CBG/JKT/07, fasilitas No.565/AMD/CBG/JKT/07, this loan facility maturity is
pinjaman ini diperpanjang jatuh temponya sampai extended up to July 24, 2008 and bears annual
dengan tanggal 24 Juli 2008 dengan tingkat suku interest of 13%.
bunga sebesar 13%.
Saldo terhutang dari fasilitas pinjaman ini sebesar The outstanding loan facility balance is amounted
Rp 9 milyar pada 31 Desember 2007, kemudian to Rp 9 billion as of December 31, 2007 , and on
pada tanggal 7 Januari 2008, fasilitas ini telah January 7, 2008, the facility had been fully paid by
dilunasi oleh TPS. TPS.
FINAL DRAFT
36 April 16, 2009
To be Finalized
Agreed by :
Date :
d. PT Bank CIMB Niaga Tbk (d/h PT Bank Lippo Tbk) d. PT Bank CIMB Niaga Tbk (formerly PT Bank Lippo
(Lippo) Tbk (Lippo)
Pinjaman Tetap X-Tra on Demand Fixed Loan X-Tra on Demand
Berdasarkan Perjanjian Kredit No. 39 tanggal 30 Mei Based on Credit Agreement No. 39 dated May 30, 2007
2007 yang telah dinyatakan dalam Akta Notaris as covered by Notarial Deed of Agustine, SH, a Notary in
Augustine, SH, Notaris di Surakarta, TPS, perusahaan Surakarta, TPS, a subsidiary, obtained Fixed Loan
anak, memperoleh Fasilitas Pinjaman Tetap X-Tra on Facility X-Tra on Demand from Lippo which will be used
Demand dari Lippo yang digunakan untuk modal kerja for working capital of noodle and any other food
usaha industri mie dan makanan lainnya. Plafond manufacturing. Loan maximum limit amounted Rp 28
pinjaman ini adalah senilai Rp 28 milyar. Saldo fasilitas billion. The balance of Fixed Loan X-Tra on Demand as
Pinjaman Tetap X-Tra on Demand per 31 Desember of December 31, 2008 and 2007 were Rp 27.85 billion
2008 dan 2007 masing-masing sebesar Rp 27,85 milyar and the applicable interest rates were 15% and 13% per
dan tingkat bunga yang berlaku masing-masing adalah annum, respectively.
15% dan 13% per tahun.
Letters of Credit /Surat Kredit Berdokumen Dalam Letters of Credit/Local Letters of Credit with
Negeri (SKBDN) Domestic Documentation (SKBDN)
Berdasarkan Perjanjian Kredit No.40 tanggal 30 Mei Based on Credit Agreement No. 40 dated May 30, 2007
2007 yang dinyatakan dalam Akta Notaris Augustine, as covered by Notarial Deed of Agustine, SH, a Notary in
SH, Notaris di Surakarta, TPS memperoleh Fasilitas Surakarta, TPS obtained Letter of Credit Facility (L/C
Letter of Credit (L/C Line) dan Surat Kredit Berdokumen Line) and Letters of Credit with Domestic Documentation
Dalam Negeri (SKBDN). L/C Line digunakan untuk (SKBDN). L/C Line used to import noodles raw material
impor bahan baku industri mie dan makanan lainnya. and any other food. While SKBDN used to purchase
Sedangkan SKBDN digunakan untuk pembelian bahan noodles raw material and any other food. The maximum
baku industri mie dan makanan lainnya. Masing-masing limit of L/C line and SKBDN are USD 1,500,000 and
plafond L/C Line dan SKBDN adalah senilai Rp 15 billion, respectively.
USD 1,500,000 dan Rp 15 milyar.
Jangka waktu fasilitas pinjaman yang diperoleh dari Terms of loan facilities obtained from Lippo will be due in
Lippo diatas adalah 12 bulan, sejak tanggal 30 Mei 2007 12 months, starting from May 30, 2007 to May 30, 2008,
yang akan jatuh tempo pada tanggal 30 Mei 2008, but both facilities have been extended several times,
namun kedua fasilitas tersebut telah diperpanjang most recently by agreement No. 232/CBG/KP/V/08
beberapa kali, terakhir bedasarkan perjanjian No. concerning approval of credit facility extension to May 30,
232/CBG/KP/V/08 mengenai persetujuan perpanjangan 2009.
fasilitas kredit menjadi jatuh tempo 30 Mei 2009.
Fasilitas-fasilitas pinjaman yang diperoleh dari Lippo Loan facilities obtained from Lippo is secured with:
dijamin dengan jaminan:  Land, located in Desa Sepat, Masaran District,
 Tanah, lokasi terletak di Desa Sepat, Sragen, Central Java, with total area of 84,975 sqm
Kecamatan Masaran, Sragen, Jawa Tengah with Building Right Title No. 38, 37, 36, 32, 31, 30,
dengan luas seluruhnya adalah 84.975 m2 dengan 28 and 27 on behalf of PT Tiga Pilar Sejatera; and
Sertifikat Hak Guna Bangunan (SHGB) No. 38, 37,  Fiducia of Account Receivable amounted to Rp 28
36, 32, 31, 30, 28 dan 27 atas nama PT Tiga Pilar billion (see Note 6).
Sejahtera; dan
 Fidusia atas Piutang Usaha senilai Rp 28 milyar
(lihat Catatan 6).
FINAL DRAFT
37 April 16, 2009
To be Finalized
Agreed by :
Date :
e. PT Bank Negara Indonesia (Persero) Tbk (BNI) e. PT Bank Negara Indonesia (Persero) Tbk (BNI)
Berdasarkan perjanjian fidusia nomor Based on fiducia agreement number 2006/FIDUSIA/009
2006/FIDUSIA/009 tanggal 1 September 2006, PT Poly dated September 1, 2006, PT Poly Meditra Indonesia, a
Meditra Indonesia, perusahaan anak, memperoleh subsidiary, obtains loan facility amounting to
fasilitas pinjaman dengan nilai Rp 21.500.000.000. Rp 21,500,000,000. The credit purpose is as additional
Tujuan kredit adalah untuk untuk tambahan modal kerja working capital for food manufacturing industry. The
industri pengolahan makanan. Bentuk kredit adalah credit form is limited current account with 12 months
rekening koran terbatas dengan jangka waktu kredit credit period starting from September 1, 2006 to August
selama 12 bulan terhitung sejak tanggal 1 September 31, 2007.
2006 sampai dengan tanggal 31 Agustus 2007.
Fasilitas ini telah diperpanjang beberapa kali, terakhir This facility has been extended for several times. The recent
melalui Persetujuan Perubahan Perjanjian Kredit nomor amendment was through approval amendment of loan
(2) 2007.115 tanggal 31 Desember 2008, BNI agreement number (2) 2007.115 dated December 31, 2008,
memberikan perpanjangan waktu pinjaman terhitung BNI had provided loan term extension starting from
sejak tanggal 1 Desember 2008 sampai dengan 28 December 1, 2008 to February 28, 2009 with maximum limit
Pebruari 2009 dengan nilai maksimum kredit of credit amounting to Rp 19,500,000,000. The effective rate
Rp 19.500.000.000. Suku bunga efektif sebesar 14,5% is 14.5% per annum, calculated from the amount withdrawn.
per tahun yang dihitung dari baki debet.
f. PT Bank Central Asia Tbk (BCA) f. PT Bank Central Asia Tbk (BCA)
Berdasarkan Perjanjian Kredit No.0550/15/SLO/XII/2004 Based on Credit Agreement No.0550/15/SLO/XII/2004
tanggal 17 Desember 2004 yang telah dinyatakan dalam dated on December 17, 2004 which was signed by both
Akta Lia Fanty Santosa, SH, Notaris di Surakarta, TPS, parties in presence of Lia Fanty Santosa, SH, a Notary
perusahaan anak, memperoleh fasilitas kredit untuk in Surakarta, the Company obtained credit facility which
modal kerja yang jatuh tempo tanggal 21 Nopember is used for working capital which will be due on
2005. Jangka waktu fasilitas pinjaman ini telah beberapa November 21, 2005. The maturity date of this facility had
kali diperpanjang, terakhir tanggal 26 Agustus 2008 been extended several times, most recently, through
berdasarkan Surat Pemberitahuan Pemberian Kredit Notification Letter for Credit dated August 26, 2008.
(SPPK).
Fasilitas pinjaman tersebut terdiri dari: The loan facilities are as follows:
 Fasilitas Omnibus Letter of Credit dengan plafon  Omnibus Letter of Credit Facility with maximum
maksimal sebesar Rp 18 milyar. Saldo fasilitas kredit amount of Rp 18 billion. The outstanding balances of
pinjaman ini masing-masing sebesar this credit facility were Rp 17,998,200,000 and
Rp 17.998.200.000 dan Rp 17.989.357.500 pada Rp 17,989,357,500 as of December 31, 2008 and
31 Desember 2008 dan 2007. 2007, respectively.
 Fasilitas Omnibus Letter of Credit dengan plafon  Omnibus Letter of Credit facility with maximum
maksimal sebesar USD 1,000,000. Saldo fasilitas amount of USD 1,000,000. The outstanding credit
kredit pinjaman masing-masing sebesar facility balance is USD 999,606 and USD 998,938 as
USD 999,606 dan USD 998,938 pada 31 Desember of December 31, 2008 and 2007, respectively.
2008 dan 2007.
Untuk tahun 2008 dan 2007, tingkat suku bunga The annual interest rates for the years 2008 and 2007
pinjaman rupiah masing-masing berkisar sebesar denominated in Rupiah are ranging from 12.25%-16.5%
12,25%-16,5% dan 11,63%-14,24% per tahun dan and 11.63%-14.24% per annum and interest rates
tingkat suku bunga pinjaman USD masing-masing denominated in USD are ranging from 9.5% and 8.992%,
sebesar 9,5% dan 8,992% per tahun. respectively.
FINAL DRAFT
38 April 16, 2009
To be Finalized
Agreed by :
Date :
Fasilitas pinjaman ini dijamin dengan (lihat Catatan 5, 7, This loan facility is secured with the followings (see Notes
dan 9): 5, 7, and 9):
6 (enam) bidang tanah di Jln Raya Solo-  6 (six) parcels of land located in Solo-Tawangmangu
Tawangmangu Km 7, Dagen, Jaten, Karanganyar, Road Km 7, Dagen, Jaten, Karanganyar, Central
Jawa Tengah masing-masing dengan Sertifikat Hak Java with Land Right Title (SHM) No. 991 under the
Milik (SHM) No. 991 atas nama Ir. Joko Mogoginta name of Ir. Joko Mogoginta Suwito, SHM No.1362-
Suwito, SHM No.1362-1363 atas nama Budi Istanto 1363 under the name of Budi Istanto Suwito, SE,
Suwito, SE, SHM No.1309 atas nama Hendro SHM No.1309 under the name of Hendro Darmawan,
Darmawan, SHM No.1310 atas nama Hengky SHM No.1310 under the name Hengky Koestanto
Koestanto dan SHM No.1361 atas nama Iie Dewi and SHM No.1361 under the name of Iie Dewi
Koestanto; Koestanto;
2 (dua) bidang tanah di Jalan Raya Solo,  2 (two) parcels of land located on Solo-
Tawangmangu Km 7, Dagen, Jaten, Karanganyar, Tawangmangu Road Km 7, Dagen, Jaten,
Jawa Tengah dengan SHM No. 415 dan HM No. 450 Karanganyar, Cental Java with SHM No. 415 and
atas nama Prijo Hadisutanto; HM No. 450 under the name of Prijo Hadisutanto;
Sebidang tanah di Jalan Industri RT 005 RW 001,  A parcel of land in Industri Street RT 005 RW 001,
Sukorejo, Buduran, Sidoarjo dengan sertifikat Hak Sukorejo, Buduran, Sidoarjo with Building Right Title
Guna Bangunan (HGB) No.7 atas nama PT Naga (HGB) No.7 under the name of PT Naga Mas Sakti
Mas Sakti Perkasa, perusahaan anak; Perkasa, a subsidiary;
Seluruh stok barang berupa 14.700 sak tepung terigu  All inventories consist of 14,700 sack wheat flour
Kapal Silang @25 kg, 3000 sak tepung terigu Kapal Kapal Silang @25 kg, 3,000 sack wheat flour Kapal
Silang @50 kg, 31.700 sak tepung Roda Biru dan Silang @ 50 kg, 31,700 sack flour Roda Biru and
47.000 sak tepung terigu Naga Hijau @25 g; 47,000 sack wheat flour Naga Hijau @ 25 g;
Agunan sebagaimana diuraikan diatas digunakan  The collaterals as described above are used for
untuk menjamin kepastian pembayaran sejumlah securing loan payment of Priyo Hadi Sutanto
uang yang terhutang oleh Priyo Hadi Sutanto kepada obtained from BCA, based on Credit Agreement No.4
BCA, berdasarkan Perjanjian Kredit No. 4 tanggal 21 dated November 21, 2003 made before Adelia
Nopember 2003 dibuat dihadapan Adelia Hariyono, Hariyono,SH, Notary in Karanganyar, with all
SH, Notaris di Karanganyar, berikut segenap amandment and or its extentions;
perubahan dan atau perpanjangannya;
Deposito yang akan diserahkan oleh TPS kepada  Time deposit which will be placed by TPS to BCA at
BCA pada saat pembukaan L/C sebesar minimal 40% minimum of 40% of L/C amount; and
dari nilai nominal L/C yang dibuka oleh TPS; dan
Jaminan yang dilakukan oleh PT Asuransi Ekspor  Corporate Guarantee of PT Asuransi Ekspor
Indonesia sebesar 80% dari nilai nominal L/C yang Indonesia at amount 80% of L/C issued as covered in
dibuka oleh TPS, sebagaimana dinyatakan dalam Collateral Agreeement Deed No.46 dated December
Akta Perjanjian Pemberian Jaminan No. 46 tanggal 17, 2004 of Lia Fanty Santoso, SH, a Notary in
17 Desember 2004 dibuat dihadapan Lia Fanty Surakarta.
Santoso, SH, Notaris di Surakarta.
g. PT ANZ Panin Bank (ANZ) g. PT ANZ Panin Bank (ANZ)
Berdasarkan Perjanjian Pinjaman No.098681/III/2007 Based on Loan Agreement No.098681/III/2007 dated
tanggal 15 Maret 2007 yang telah dilegalisasi oleh March 15, 2007 that had been legalized by Laurensia Siti
Notaris Laurensia Siti Nyoman, SH, Notaris di Jakarta. Nyoman, SH, a Notary in Jakarta. TPS obtained Multy
TPS memperoleh Fasilitas Multi Option Facility dengan Option Facility with maximum facility of USD 5,000,000.
maksimum fasilitas USD 5,000,000. Perjanjian ini telah This agreement has been amended by Amendment of
diubah dengan Adendum Perjanjian Pinjaman Credit Agreement No. 098681/AMN-1/VI/07 dated March
No.098681/AMN-1/VI/07 tanggal 15 Maret 2007, dengan 15, 2007, with increase in maximum facility from
peningkatan maksimum fasilitas dari sebesar USD USD 5,000,000 to USD 10,000,000. This loan is secured
5,000,000 menjadi USD 10,000,000. Pinjaman ini by Personal Guarantee from Stefanus Joko Mogoginta,
dijamin dengan Personal Guarantee dari Stefanus Joko President Director, which had been legalized by the Deed
Mogoginta, Direktur Utama, yang telah dibuatkan secara Personal Guarantee No. 18, dated on June 27, 2007 of
notarial, yakni Akta Personal Guarantee No. 18, tanggal the same Notary.
27 Juni 2007 oleh Notaris yang sama.
FINAL DRAFT
39 April 16, 2009
To be Finalized
Agreed by :
Date :
Fasilitas Multi Option Facility terdiri dari : Multi Option Facility are as follows:
1. Fasilitas L/C Impor dengan plafon maksimum 1. Import L/C Facility with a maximum limit of
USD 10,000,000 dan jangka waktu pinjaman selama USD 10,000,000 and maturity period of 180 days.
180 hari. Pinjaman ini untuk pembiayaan pembelian This loan used to finance the purchase of wheat, rice
gandum, beras dan bahan baku lainnya dari dalam and any other raw material from local and abroad;
dan luar negeri; 2. Bank Guarantee facility (Performance Bond and Bid
2. Fasilitas Bank Garansi (Performance Bond and Bid Bond) with a maximum limit of USD 10,000,000 and
Bond) dengan plafon maksimum USD 10,000,000 maturity period of 360 days. This loan used to finance
dan jangka waktu 360 hari. Pinjaman ini untuk the purchase of wheat flour, rice and any other raw
memfasilitasi pembelian tepung terigu, beras dan material from domestic and abroad to undertake
bahan baku lainnya dari dalam dan luar negeri dan contract requiring Bank guarantee for Performance
untuk melaksanakan kontrak jaminan bank untuk Delivery;
Performance Delivery; 3. Trust Receipt /Payment Guarantee Facility with a
3. Fasilitas Trust Receipt /Payment Guarantee dengan maximum limit of USD 2,658,000 with maturity period
plafon maksimum USD 2,658,000 dan jangka waktu of 180 days. This loan used to finance LC payment;
180 hari. Pinjaman ini untuk pembiayaan selanjutnya and to undertake contract requiring payment
atas pembayaran LC, dan untuk pelaksanaan guarantee; and
kontrak jaminan pembayaran; dan 4. Foreign Current Dealing Limit Facility with maximum
4. Fasilitas Foreign Current Dealing Limit dengan limit of USD 375,000 and maturity period of 6 months.
plafon USD 375,000 dan jangka waktu 6 bulan. This loan to facilitate treasury risk Management
Pinjaman ini untuk memfasilitasi Fungsi dari Function, with facility offered included: spot, forward,
Manajemen Risiko Treasury, dengan produk seperti: interest swaps and other product offered by Treasury
spot, forward, interests’ swaps dan produk lain yang Bank.
ditawarkan Treasury Bank.
Selanjutnya berdasarkan Perjanjian Pinjaman Furthermore based on Loan Agreement

No.098681/XII/2007 tanggal 24 Desember 2007 plafon No.098681/XII/2007 dated on December 24, 2007, Multi
Fasilitas Multi Option Facility diubah menjadi Option Facility limit amended to USD 15,000,000 and
USD 15,000,000 serta mendapatkan tambahan Fasilitas obtained additional facilit ies of Term Loan Facility and
Term Loan Facility dan Revolving Facility yang terdiri Revolving Facility as follows:
dari:
1. Term Loan Facility yang digunakan untuk 1. Term Loan Facility used to refinance the Company
pelunasan hutang perusahaan pada Bank Niaga loan to Bank Niaga with a maximum limit of Rp 74
dengan plafon maksimum Rp 74 milyar dan billion and USD 3,200,000 with maturity period of 5
USD 3,200,000 dengan jangka waktu pinjaman years; and;
selama 5 tahun; dan
2. Revolving Loan Facility yang digunakan untuk modal 2. Revolving Loan Facility used for working capital with
kerja dengan plafon maksimum Rp 75.000.000.000 a maximum limit of Rp 75,000,000,000 and maturity
dan jangka waktu 12 bulan. in 12 months.
Fasilitas-fasilitas pinjaman yang diperoleh dari ANZ These loan facilities obtained from ANZ are secured with:
dijamin dengan jaminan:  Letter of Authority to Establish the First Mortgage
 Surat Kuasa Memasang Hak Tanggungan atas over Land and Building and the Deed of First
tanah dan bangunan dan Akta Pemberian Hak Registered Mortgage over Land and Building;
tanggungan Peringkat Pertama atas tanah dan  Deed of Fiduciary Security Over Proprietary of
bangunan; Machineries and Equipments; (see Note 9)
 Akta Jaminan Fidusia atas Hak-Hak Milik mesin-  Deed of Fiduciary Security over eligible receivable
mesin dan peralatan; (lihat Catatan 9) other than World Food Programme with eligibility
 Akta Jaminan Fidusia atas Tagihan kecuali tagihan criteria to be difined and security margin determined
World Food Programme dengan syarat didefinisikan based on availabililty of eligible receivables and
dan selisih tagihan ditentukan berdasarkan discretion of ANZ;
ketersediaan tagihan dan disekresi dari ANZ;  Deed of Fiduciary Security over all existing and
 Akta Jaminan Fidusia atas persediaan yang sudah future inventories including but not limited to flour
ada maupun yang akan ada termasuk namun tidak wheat;
terbatas pada tepung terigu;  Fiduciary assignment of all insurance rights covering
FINAL DRAFT
40 April 16, 2009
To be Finalized
Agreed by :
Date :
 Pembebasan Jaminan Fidusia atas seluruh hak assets pledged to ANZ; and
asuransi yang menutup gadai asset pada ANZ; dan  Corporate Guarantee.
 Jaminan Perusahaan.
Fasilitas tersebut mensyaratkan antara lain TPS tidak TPS is required to comply with several restrictions,
diperkenankan untuk: among others:
 Melakukan merger atau konsolidasi dengan  Perform merger or consolidation by acquire all or
memperoleh seluruh atau sebagian besar aset atau significant portion of assets or capital from other
modal saham dari perusahaan lain. company.
 Menjual, menyewakan, memindahtangankan,  Sell, lease, transfer, pledge, or other mean sell all
menjaminkan atau dengan cara lain menjual seluruh ownership, property or assets or portion which has
kepemilikan, properti atau aset atau setiap bagian significant control property or assets except for
yang mana mengatur porsi yang signifikan dari transaction in ordinary course of business of TPS.
kepemilikan properti dan aset kecuali untuk transaksi
yang berhubungan dengan kegiatan usaha TPS
sehari-hari.
 Menambah pinjaman atau dengan cara lain  Add loans or otherwise to add credit limit from other
menambah kredit kepada pihak lain, firma, parties, firm, company, agency or organization,
perusahaan, badan atau organisasi, kecuali: except:
1. Pinjaman atau kredit yang disediakan untuk 1. Loan or credit provided in the normal business of
kegiatan usaha TPS sehari-hari; TPS;
2. Pinjaman yang disediakan untuk karyawan TPS. 2. Loan provided to TPS’s employees.
Fasilitas-fasilitas pinjaman yang diperoleh dari ANZ These loan facilities obtained from ANZ are secured
dijamin dengan jaminan: with:
 Persediaan dengan nilai penjaminan Rp 50 milyar  Inventories with guaranteed value of Rp 50 billion
(lihat Catatan 7); (see Note 7);
 Piutang dengan nilai penjaminan Rp 120 milyar (lihat  Account Receivables with guaranteed value of Rp
Catatan 6); 120 billion (see Note 6);
 Jaminan korporasi dengan nilai penjaminan sebesar  Corporate guarantee with collateral value amounted
pokok fasilitas berikut bunga dan biaya-biaya to facility’s principal along with interest and other
lainnya. expenses.
12. Hutang Obligasi Konversi 12. Convertible Bonds
2008 2007
Rp Rp
Hutang Obligasi Konversi 33,500,000,000 33,500,000,000 Convertible Bonds

Dikurangi: Obligasi Diperoleh Kembali (30,000,000,000) (30,000,000,000) Less: Treasury Bonds
Bersih 3,500,000,000 3,500,000,000 Net
Dalam penyelesaian restrukturisasi hutang Perusahaan dan During the completion of the Company and subsidiaries loan
perusahaan anak pada tahun 2002, Perusahaan restructuring in year 2002, the Company had issued
menerbitkan obligasi konversi sebesar Rp 60 milyar, jangka convertible bond amounted to Rp 60 billion, with maturity of
waktu 8 tahun, tanpa bunga dan tanpa jaminan. Obligasi ini 8 year, without interest and collateral. These bonds are
dapat dikonversi dengan saham Perusahaan selama convertible into the Company’s share during the convertion
periode konversi tanggal 2 Oktober 2002 sampai dengan period from October 2, 2002 up to September 9, 2010 with
tanggal 9 September 2010 dengan harga pelaksanaan exercise price of Rp 200 per share, executed through issuing
sebesar Rp 200 per saham, melalui penambahan modal additional stock without pre-emptive rights.
tanpa hak memesan efek terlebih dahulu.
FINAL DRAFT
41 April 16, 2009
To be Finalized
Agreed by :
Date :
Pada tanggal 19 Nopember 2003, PT Tiga Pilar Sekuritas, On November 19 2003, PT Tiga Pilar Sekuritas, the bonds
pemegang obligasi melaksanakan konversi 53 lembar holder had converted 53 shares of bonds amounted to
obligasi senilai Rp 26.500.000.000 menjadi 132.500.000 Rp 26,500,000,000 into 132,500,000 Company’s share.
saham Perusahaan.
Pada tahun 2003, Perusahaan dan perusahaan anak In 2003, the Company and subsidiaries bought back the
membeli kembali obligasi konversi masing-masing sebesar convertible bonds amounted to Rp 10 billion and Rp 20
Rp 10 milyar dan Rp 20 milyar. Pada tanggal 29 September billion, respectively. On September 29, 2004 the conv ertible
2004, obligasi konversi yang dibeli kembali oleh bonds which previously reacquired by the Company was
Perusahaan dijual kepada PT Tiga Pilar Sejahtera, sold to PT Tiga Pilar Sejahtera, a subsidiary (see Note 17).
perusahaan anak (lihat Catatan 17).
13. Hutang Usaha 13. Accounts Payable
Akun ini merupakan kewajiban yang timbul atas pembelian This account represents obligation arising from purchasing
bahan baku dan bahan pembantu kepada pihak hubungan raw material and supporting material to related party and
istimewa dan pihak ketiga dengan rincian sebagai berikut: third parties, with the detail as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
PT Sriboga Raturaya 4,503,500,000 9,735,400,000 PT Sriboga Raturaya

CV Abadi Jaya Plastik 2,515,059,289 3,574,825,887 CV Abadi Jaya Plastik
PT Supracor Sejahtera 1,221,659,213 -- PT Supracor Sejahtera
Super Nova 889,141,837 -- Super Nova
CV Singa Mas Raja Niaga 838,499,760 -- CV Singa Mas Raja Niaga
PT Karya Aroma Sejahtera 541,858,471 707,854,795 PT Karya Aroma Sejahtera
PT Solindo Grapika 400,637,290 2,049,453,835 PT Solindo Grapika
CV Expert in Mechanical Technology -- 6,366,622,130 CV Expert in Mechanical Technology
PT Sinar Pematang Mulia -- 3,306,444,112 PT Sinar Pematang Mulia
CV Glory Persada Manunggal -- 2,453,278,300 CV Glory Persada Manunggal
PT Basuki Pratama Enginering -- 2,380,935,429 PT Basuki Pratama Enginering
Dete Bengkel -- 2,059,208,507 Dete Bengkel
PT Korman Indo Express -- 1,853,259,100 PT Korman Indo Express
Lautan Luas Singapore Pte Ltd -- 1,741,582,080 Lautan Luas Singapore Pte Ltd
PT Basf Indonesia -- 1,740,262,691 PT Basf Indonesia
PT Sarana Prima Nusantara Abadi -- 1,586,598,000 PT Sarana Prima Nusantara Abadi
Agus -- 1,409,287,654 Agus
PT Kabulinco Jaya -- 1,325,940,000 PT Kabulinco Jaya
PT Sopanusa -- 1,002,054,933 PT Sopanusa
Rafael -- 908,553,299 Rafael
Lain-lain (masing-masing dibawah Rp 400 juta) 7,997,951,334 17,794,474,780 Others (each below Rp 400 million)
Jumlah 18,908,307,194 61,996,035,532 Total
FINAL DRAFT
42 April 16, 2009
To be Finalized
Agreed by :
Date :
Rincian umur hutang usaha dihitung sejak tanggal faktur A detail of accounts payable outstanding since invoice date
adalah sebagai berikut: is as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Sampai dengan 1 bulan 9,575,948,713 38,045,941,325 Up to 1 month

> 1 bulan - 2 bulan 4,132,103,949 10,128,327,052 > 1 month - 2 months
> 4 bulan 1,688,384,995 5,838,375,878 > 4 months
Jumlah 18,908,307,194 61,996,035,532 Total
Rincian hutang usaha menurut jenis mata uang adalah A detail of accounts payable based on currencies is as
sebagai berikut : follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
EUR ( 2008: Nihil ; 2007: 2,086) -- 28,703,360 EUR ( 2008: Nil ; 2007: 2,086)
SGD ( 2008: Nihil ; 2007: 7,902.56) -- 51,382,445 SGD ( 2008: Nil ; 2007: 7,902.56)
USD ( 2008 : 55,264.03 ; 2007 : 308,899.91) 605,141,129 2,909,528,252 USD (2008 : 55,264.03; 2007: 308,899.91)
Rupiah 18,303,166,065 59,006,421,475 Rupiah
Jumlah 18,908,307,194 61,996,035,532 Total
14. Perpajakan 13. Taxation
a. Pajak Dibayar di Muka a. Prepaid Taxes
2008 2007
Rp Rp
Pajak Penghasilan Income Taxes
Pasal 23 953,876,525 -- Article 23
Pasal 28 A 1,731,740,949 1,731,740,949 Article 28 A
Jumlah 2,685,617,474 1,731,740,949 Total
FINAL DRAFT
43 April 16, 2009
To be Finalized
Agreed by :
Date :
b. Manfaat (Beban) Pajak Penghasilan b. Income Tax Benefit (Expenses)

2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Kini (14,379,471,300) (5,793,282,400) Current Tax

Tangguhan Deferred Tax
Berasal dari Perbedaan Temporer (1,010,159,027) -- Arising from Temporary Difference
Berasal dari Perubahan Tarif Pajak (99,859,187) 317,324,539 Arising from Changes of Tax Rate
Jumlah (15,489,489,514) (5,475,957,861) Total
Rekonsiliasi antara laba (rugi) sebelum pajak penghasilan A reconciliation between income before income tax as
menurut laporan laba rugi konsolidasian dan rugi fiskal shown in the consolidated statement of income and
Perusahaan adalah sebagai berikut: estimated tax loss of the Company is as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Laba Konsolidasi Sebelum Taksiran Pajak Consolidated Profit Before Estimated
Penghasilan Menurut Laporan Laba Rugi Income Tax Based on Consolidated
Konsolidasian 52,975,135,311 38,022,355,548 Income Statements
Dikurangi: Laba (Rugi) Perusahaan Anak Less: Subsidiaries Profit (Loss) Before
Sebelum Taksiran Pajak Penghasilan 45,212,952,832 30,492,717,094 Estimated Income Tax
Laba Perusahaan Sebelum Taksiran Company's Profit Before Estimated
Pajak Penghasilan 7,762,182,479 7,529,638,454 Income Tax
Beda Tetap Permanent Difference
Representasi dan Sumbangan 5,625,000 28,140,252 Representation and Donations
Denda Pajak 623,443,741 -- Tax Penalty
Penghasilan Jasa Giro (674,800) (90,697,482) Interest on Current Accounts
Jumlah 628,393,941 (62,557,230) Total
Taksiran Laba Kena Pajak Perusahaan 8,390,576,420 7,467,081,224 Estimated Company's Taxable Income
Kompensasi Rugi Tahun Loss Compensation of Years
2002 -- (7,467,081,225) 2002
2003 (8,871,409,874) (8,871,409,874) 2003
2005 (639,943,562) (639,943,562) 2005
2006 (2,077,724,149) (2,077,724,149) 2006
Penyesuaian Kompensasi Rugi Fiskal 2,717,667,711 2,717,667,711 Tax Losses Compensation Adjustment
Akumulasi Rugi Fiskal (480,833,454) (8,871,409,875) Accumulated Tax Losses
FINAL DRAFT
44 April 16, 2009
To be Finalized
Agreed by :
Date :
Rekonsiliasi antara laba rugi komersial dan manfaat (beban) A reconciliation between the Company’s commercial income
pajak Perusahaan adalah sebagai berikut: and income tax benefit (expenses) is as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Laba Sebelum Pajak Perusahaan 7,762,182,479 7,529,638,454 Income Before Tax of the Company
Pajak Penghasilan dengan Tarif yang Berlaku (2,328,654,743) (2,258,891,000) Income Tax at Applicable Rate
Rugi Fiskal yang tidak dapat Dikompensasi 2,517,172,925 2,240,123,831 Uncompensated Tax Loss
Representasi dan Sumbangan (1,687,500) (8,442,076) Representation and Donation
Denda Pajak (187,033,122) -- Tax Penalty
Penghasilan Jasa Giro 202,440 27,209,245 Interest on Current Accounts
Jumlah Manfaat (Beban) Pajak Perusahaan -- -- Total Tax Benefit (Expense) of the Company
Manfaat (Beban) Pajak Perusahaan Anak Income Tax Benefit (Expense) of Subsidiaries
Kini (14,379,471,300) (5,793,282,400) Current
Tangguhan (1,110,018,214) 317,324,539 Deferred
Jumlah Beban Pajak Perusahaan Anak (15,489,489,514) (5,475,957,861) Income Tax Expense of Subsidiaries
Beban Pajak Penghasilan Konsolidasian (15,489,489,514) (5,475,957,861) Consolidated Income Tax Expenses
c. Aset Pajak Tangguhan c. Deferred Tax Assets

Pajak Tangguhan dihitung berdasarkan pengaruh dari Deferred tax is computed based on the impact of temporary
perbedaan temporer antara jumlah tercatat aset dan differences between the carrying amount of assets and
kewajiban menurut laporan keuangan dengan dasar liabilities according to the financial statements and the tax
pengenaan pajak aset dan kewajiban. Rincian dari asset bases of assets and liabilities. The details of deferred tax
pajak tangguhan Perusahaan adalah sebagai berikut: assets and liabilities are as follows:
2006 Dibebankan 2007 Dibebankan 2008

pada Laporan pada Laporan
Laba (Rugi)/ Laba (Rugi)/
Charged to Charged to
Statement of Statement of
Income Income
Rp Rp Rp Rp Rp
Perusahaan The Company
Rugi Fiskal 6,081,524,931 (3,420,101,969) 2,661,422,962 19,829,163,289 22,490,586,251 Tax Loss
Penyusutan -- -- -- -- -- Depreciation
Penyisihan Piutang 42,330,331 50,862,094 93,192,425 (6,212,828) 86,979,597 Allowance for Doubtful Accounts
Penyisihan Tidak Terpulihkan (6,123,855,262) 3,369,239,875 (2,754,615,387) (19,822,950,461) (22,577,565,848) Allowance for Unrecoverable
Jumlah -- -- -- -- -- Total
Perusahaan Anak Subsidiaries
Aset Pajak Tangguhan 1,150,469,339 317,324,539 1,467,793,878 (945,785,635) 522,008,243 Deferred Tax Assets
-- --
Kewajiban Pajak Tangguhan -- -- -- (164,232,579) (164,232,579) Deferred Tax Liabilities
Perusahaan tidak mengakui aset pajak tangguhan atas The Company did not recognized deferred tax assets arising
akumulasi rugi fiskal yang belum digunakan karena adanya from accumulated taxes loss because of significant
ketidakpastian signifikan tersedianya laba fiskal di masa uncertainty of availability of future taxable income to enable
mendatang sehingga rugi fiskal yang belum digunakan the tax losses can be utilized.
dapat dimanfaatkan.
FINAL DRAFT
45 April 16, 2009
To be Finalized
Agreed by :
Date :
d. Hutang Pajak d. Taxes Payable
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Perusahaan The Company
Pajak Penghasilan Income Tax
Pasal 21 537,305,800 186,174,362 Article 21
Pasal 23 132,045,246 132,045,245 Article 23
Pajak Pertambahan Nilai -- 78,232,014 Value Added Tax
Jumlah 669,351,046 396,451,621 Total
Perusahaan Anak Subsidiaries
Pajak Penghasilan Income Tax
Pasal 21 220,403,047 84,395,797 Article 21
Pasal 23 1,842,452,368 1,743,467,281 Article 23
Pasal 25 531,444,981 24,594,303 Article 25
Pasal 29 10,456,312,774 4,576,554,554 Article 29
Pajak Pertambahan Nilai 16,186,006,659 4,249,649,456 Value Added Tax
Surat Ketetapan Pajak Kurang Bayar/Surat Tax Underpayment Assesement/Tax
Tagihan Pajak Claim Notice
PT Asia Niaga Prakarsatama 587,806,761 587,806,761 PT Asianiaga Prakarsatama
Jumlah 29,824,426,590 11,266,468,152 Total
Jumlah 30,493,777,636 11,662,919,773 Total
15. Beban yang Masih Harus Dibayar 15. Accrued Expenses
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Bunga 4,175,019,287 1,811,622,568 Interest

Gaji dan Kesejahteraan Karyawan 1,079,758,265 715,784,047 Salaries and Employees Allowances
Listrik 428,052,403 476,685,303 Electricity
Lain-lain (masing-masing dibawah Rp 50 juta) 1,222,557,385 1,068,937,983 Others (each below Rp 50 million)
Jumlah 6,905,387,340 4,073,029,901 Total
Beban yang masih harus dibayar dalam mata uang asing Accrued expenses in foreign currency is USD 52,005 and
berjumlah USD 52,005 dan USD 21,355.57 masing-masing USD 21,355.57 as of December 31, 2008 and 2007,
per 31 Desember 2008 dan 2007 (lihat Catatan 29). respectively (see Note 29).
FINAL DRAFT
46 April 16, 2009
To be Finalized
Agreed by :
Date :
16. Hutang Sewa Pembiayaan 16. Obligation under Capital Lease
2008 2007
Jenis Aktiva Rp Rp Type of Assets
Mesin - Satu Unit Genset Man 630 KVA 2005 -- 171,367,597 Machinery - One Unit of Genset Man 630 KVA 2005
Mesin - Mie Kering 4 Line 21,422,500,000 -- Machinery - Fried Noodles 4 Line
Mesin - Cogoneration Power Plant 3 MW Machinery - Cogoneration Power Plant 3 MW
Back Turbine Boiler 50 Tons/Hr 39 Bar Back Turbine Boiler 50 Tons/Hr 39 Bar
Superheated 450 C 28,952,238,000 11,788,115,572 Superheated 450 C
Mesin - Line Biskuit PMI 799,216,345 1,649,038,288 Machinery - Biscuit Line PMI
Kendaraan - 8 Unit Mobil Honda CRV 1,215,938,311 1,701,339,200 Vehicles - 8 Units of Honda CRV
Kendaraan - 1 Unit Mobil Honda New Civic 148,268,800 203,869,600 Vehicles - 1 Unit of Honda New Civic
Kendaraan - 1 Unit Mobil Toyota CAMRY 249,540,000 -- Vehicles - 1 Unit of Toyota CAMRY
Kendaraan - 1 Unit Mobil Toyota Kijang INNOVA 114,800,000 -- Vehicles - 1 Unit of Toyota Kijang INNOVA
Jumlah 52,902,501,456 15,513,730,257 Total
Bagian Kewajiban yang Jatuh Tempo
dalam Satu Tahun 16,739,227,498 1,540,791,940 Current Portion
diatas Satu Tahun 36,163,273,958 13,972,938,317 Long Term Portion
Pembayaran sewa minimum masa datang (future minimum The future minimum lease payment based on lease
lease payment) dalam perjanjian sewa pembiayaan per 31 agreement as of December 31, 2008 and 2007 is as follows:
Desember 2008 dan 2007 adalah sebagai berikut:
2008 2007
Rp Rp
2007 -- 23,142,000 2007
2008 -- 1,841,267,212 2008
2009 20,583,737,102 12,291,862,625 2009
2010 19,977,510,177 1,632,963,397 2010
2011 15,828,705,402 425,380,800 2011
2012 8,165,660,477 -- 2012
2013 6,115,429,733 -- 2013
Jumlah 70,671,042,892 16,214,616,034 Total
Dikurangi: bagian bunga (17,768,541,436) (700,885,777) Less: Interest Portion
Bersih 52,902,501,456 15,513,730,257 Net

dalam Satu Tahun (16,739,227,498) (1,540,791,940) Current Portion
diatas Satu Tahun 36,163,273,958 13,972,938,317 Long Term Portion
FINAL DRAFT
47 April 16, 2009
To be Finalized
Agreed by :
Date :
Berdasarkan perjanjian sewa pembiayaan antara TPS, Based on the lease agreement between TPS, a subsidiary,
perusahaan anak, dengan PT Austindo Nusantara Jaya with PT Austindo Nusantara Jaya Finance dated December
Finance tanggal 24 Desember 2007, TPS memperoleh 24, 2007, TPS obtained a financing loan for factory
pembiayaan untuk mesin peralatan pabrik pengolahan mie machinery of dry noodle processing amounted to
kering senilai Rp 26.549.000.000 dengan jangka waktu 66 Rp 26,549,000,000 with lease term of 66 months until July
bulan sampai dengan 15 Juli 2013. Pembiayaan ini 15, 2013. The lease is alleged to interest amounted at
dikenakan bunga sebesar Jakarta Inter Offered Rate Jakarta Inter Offered Rate (JIBOR) plus certain margin
(JIBOR) ditambah margin tertentu yang dipersyaratkan oleh required by the lessor. Outstanding balance payable as of
lessor. Saldo terhutang per 31 Desember 2008 adalah December 31, 2008 is Rp 21,422,500,000.
sebesar Rp 21.422.500.000.
Berdasarkan perjanjian sewa pembiayaan antara PPN, Based on the lease agreement between PPN, a subsidiary,
perusahaan anak, dengan PT Austindo Nusantara Jaya with PT Austindo Nusantara Jaya Finance dated September
Finance tanggal 28 September 2007, PPN memperoleh 28, 2007, PPN obtained a financing loan for back turbine
pembiayaan untuk mesin turbin uap senilai USD 4,264,640 boiler amounted USD 4,264,640 with lease term of 66
dengan jangka waktu 66 bulan dimulai sejak tanggal Master months started from the date of Master Lease Agreement,
Lease Agreement, 28 September 2007. Pembiayaan ini September 28, 2007. The lease is alleged to interest
dikenakan bunga sebesar Jakarta Inter Offered Rate amounted Jakarta Inter Offered Rate (JIBOR) plus certain
(JIBOR) ditambah margin tertentu yang dipersyaratkan oleh margin required by the lessor. Outstanding balance payable
lessor. Saldo terhutang per 31 Desember 2008 dan 2007 as of December 31, 2008 and 2007 is Rp 28,952,238,000
adalah sebesar Rp 28.952.238.000 dan Rp 11.788.115.572. and Rp 11,788,115,572.
Berdasarkan perjanjian sewa pembiayaan antara PMI, Based on the lease agreement between PMI, a subsidiary,
perusahaan anak, dengan PT BRI Finance tanggal with PT BRI Finance dated October 17, 2006, PMI obtained
17 Oktober 2006, PMI memperoleh pembiayaan untuk a financing loan for factory machinery of biscuit processing
mesin peralatan pabrik pengolahan biskuit senilai amounted Rp 2,502,525,000 with lease term of 36 months
Rp 2.502.525.000 dengan jangka waktu 36 bulan sampai until October 17, 2009. The lease is alleged to interest of
dengan 17 Oktober 2009. Pembiayaan ini dikenakan bunga 16.3% plus margin of 4%. Outstanding balance payable as
sebesar 16.3% ditambah margin sebesar 4%. Saldo of December 31, 2008 and 2007 were Rp 799,216,345 and
terhutang per 31 Desember 2008 dan 2007 adalah sebesar Rp 1,649,038,288.
Rp 799.216.345 dan Rp 1.649.038.288.
PT Tiga Pilar Sejahtera (TPS), perusahaan anak, mendapat PT Tiga Pilar Sejahtera (TPS), a subsidiary, obtained a
fasilitas hutang sewa pembiayaan dari PT BCA Finance financing loan facility from PT BCA Finance with details
dengan rincian berdasarkan Perjanjian Kredit sebagai based on Credit Agreements as follows:
berikut:
Nomor/ Tanggal/ Plafond/ Suku Bunga Jangka Waktu
Number Date Limit Pinjaman/ Jatuh Tempo
Lease Interest (bulan)/
Rate Lease Term
Rp (months)
9010301821-PK-001 28 September 2007 238,400,000 5.70 % flat p.a (10.94 % effective p.a) 48 bulan/months
9010301821-PK-004 14 Agustus/August 2007 238,400,000 5.70 % flat p.a (10.94 % effective p.a) 48 bulan/months
9810301187-PK-003 21 Januari/January 2008 332,720,000 5.70 % flat p.a (10.94 % effective p.a) 48 bulan/months
9010301821-PK-009 30 Mei/May 2008 134,400,000 5.70 % flat p.a (10.94 % effective p.a) 48 bulan/months
FINAL DRAFT
48 April 16, 2009
To be Finalized
Agreed by :
Date :
Hutang pembiayaan konsumen ini dijamin dengan aset The balance payable of financing loan is pledged with the
yang bersangkutan. Berdasarkan perjanjian tersebut hak associated assets. Based on agreements the vehicle’s
kepemilikan atas kendaraan berada pada PT BCA Finance, ownerships title remains under PT BCA Finance and TPS
dan TPS hanya sebagai pemegang dengan hak selaku have only acts as a holder with the rights as a user
peminjam pakai. Hak kepemilikan akan beralih kepada TPS borrowers. Ownerships rights will transfers to TPS after all
setelah seluruh kewajiban TPS yang berkaitan dengan TPS liabilities associated with the agreements have been
perjanjian tersebut dibayar lunas. fully paid.
17. Hutang Jangka Panjang - Hutang Bank 17. Long Term Loan-Bank Loans
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Jatuh Tempo Lebih dari 1 Tahun Due More Than 1 Years
PT ANZ Panin Bank (lihat Catatan 11.g) 132,833,333,341 -- PT ANZ Panin Bank (see Note 11.g)
PT Bank Mandiri (Persero) Tbk 46,278,253,385 -- PT Bank Mandiri (Persero) Tbk
PT Bank Artha Graha Internasional Tbk -- 24,200,000,000 PT Bank Artha Graha Internasional Tbk
PT Bank Negara Indonesia (Persero) Tbk -- 1,480,000,000 PT Bank Negara Indonesia (Persero) Tbk
US Dollar US Dollar
PT ANZ Panin Bank (USD 3,200,000) (lihat Catatan 11.g) 35,040,000,000 -- PT ANZ Panin Bank (USD 3,200,000) (see Note 11.g)
Jumlah 214,151,586,726 118,710,800,000 Total
Rupiah Rupiah
Jatuh Tempo Dalam 1 Tahun Current Portion
PT ANZ Panin Bank 9,999,999,996 -- PT ANZ Panin Bank
Jumlah 9,999,999,996 11,100,000,000 Total

Dalam tahun 2003, PT Tiga Pilar Sejahtera (TPS), In 2003, PT Tiga Piar Sejahtera (TPS), a subsidiary,
perusahaan anak, memperoleh beberapa fasilitas kredit dari obtained several credit facilities from Bank Niaga which were
Bank Niaga yang digunakan untuk refinancing kewajiban used to refinance TPS’s liability, based on deed No. 15 of
TPS, sesuai dengan Akta No. 15 dari E. Betty Budiyanti, Betty Budianty, SH, a notary in Jakarta dated July 24, 2003.
SH, Notaris di Jakarta tanggal 24 Juli 2003. Perjanjian This loan agreement has been amended several times,
pinjaman ini beberapa kali mengalami perubahan antara among others, concerning, maturity period, schedule and
lain mengenai jangka waktu jatuh tempo, jadwal dan jumlah installment amount and the debtors’ obligation and collateral
angsuran pembayaran serta kewajiban peminjam dan confirmation. The last amendment on June 20, 2006 as
penegasan jaminan atas pemberian kredit. Perubahan stated in credit agreement No.252/AMD/CBG/JKT/06 is as
terakhir pada tanggal 20 Juni 2006 yang dituangkan dalam follows:
perjanjian kredit No.252/AMD/CBG/JKT/06 adalah sebagai
berikut:
FINAL DRAFT
49 April 16, 2009
To be Finalized
Agreed by :
Date :
Pinjaman Transaksi Khusus Tranche A (PTK Tranche  Special Transaction Loan A (PTK Tranche A)
A)
Fasilitas PTK Tranche A sebesar Rp 80 Milyar dengan Tranche A PTK facility amounted to Rp 80 billion with period
jangka waktu 24 Juli 2003 sampai dengan tanggal 1 Juni of July 24, 2003 and will be due on June 1, 2008.
2008. Selanjutnya pada tahun 2006, Bank Niaga telah Furthermore in 2006, Bank Niaga had agreed to amend loan
menyetujui mengubah jatuh tempo pinjaman menjadi maturity to become December 2011 and determined monthly
tanggal 1 Desember 2011 dan menetapkan angsuran installment for 48 times with payment as follow:
bulanan sebanyak 48 kali angsuran dengan jadwal
pembayaran sebagai berikut:
20 Juni 2006 – 31 Desember 2007 Tidak dikenakan kewajiban atas pembayaran pokok pinjaman/ June 20, 2006 – December 31, 2007
No loan principal repayment
Januari 2008 - Juni 2008 Rp 650,000,000 untuk tiap kali angsuran (6 kali)/per installment (6 times) January 2008 – June 2008
Juli 2008 - Desember 2008 Rp 700,000,000 untuk tiap kali angsuran (6 kali)/per installment (6 times) July 2008 - December 2008
Januari 2009 - Juni 2009 Rp 900,000,000 untuk tiap kali angsuran (6 kali)/per installment (6 times) January 2009 - June 2009
Juli 2009 - Nopember 2009 Rp 1,000,000,000 untuk tiap kali angsuran (5 kali)/per installment (5 times) July 2009 – November 2009
Desember 2009 Rp 16,000,000,000 (1 kali)/( 1 time) December 2009
Januari 2010 - Juni 2011 Rp 1,000,000,000 untuk tiap kali angsuran (24 kali)/per installment (24 times) January 2010 – June 2011
TPS wajib melakukan pembayaran lebih awal/cepat atas TPS is compulsorily required to pay earlier for December
angsuran pada bulan Desember 2009 sejumlah Rp 16 2009 installment amounted to Rp 16 billion, in the case if
milyar, dalam hal penjualan atas aset pabrik milik sale of factory assets owned by the Company in Cimanggis,
Perusahaan yang terdapat di Cimanggis, Jawa Barat West Java occurred before December 1, 2009.
dilakukan sebelum tanggal 1 Desember 2009.
 Pinjaman Transaksi Khusus Tranche B (PTK  Special Transaction Loan Tranche B (PTK Trance B)
Tranche B)
Fasilitas PTK Tranche B sebesar USD 4,800,000 (pada PTK facility Tranche B amounted to USD 4,800,000 (as of
31 Desember 2008 dan 2007 setara dengan December 31 2008 and 2007 equivalent to
Rp 43.296.000.000 dan Rp 47.184.000.000), dengan jangka Rp 43,296,000,000 and Rp 47,184,000,000), during period
waktu 24 Juli 2003 sampai dengan tanggal 1 Juni 2008. of July 24, 2003 up to June 1, 2008. Furthermore in 2006,
Selanjutnya pada tahun 2006, Bank Niaga telah menyetujui Bank Niaga had agreed to extend the maturity date of loan
mengubah jatuh tempo pinjaman menjadi tanggal to December 1, 2011 and determined monthly installment
1 Desember 2011 dan menetapkan angsuran bulanan for 42 times with payment schedule as follows:
sebanyak 42 kali angsuran dengan jadwal pembayaran
sebagai berikut:
Juli 2006 USD 45,000 (1 kali)/( 1 time) July 2006

Agustus - Nopember 2006 USD 15,000 untuk tiap kali angsuran (4 kali)/per installment (4 times) August – November 2006
Desember 2006 USD 20,000 untuk tiap kali angsuran (1 kali)/per installment (1 time) December 2006
Januari - Desember 2007 USD 50,000 untuk tiap kali angsuran (12 kali)/per installment (12 times) January - December 2007
Januari 2008 - Desember 2009 Tidak dikenakan kewajiban atas pembayaran pokok pinjaman/ January 2008 - December 2009
Januari - Desember 2010 USD 50,000 untuk tiap kali angsuran (12 kali)/per installment (12 times) January - December 2010
Januari - Nopember 2011 USD 220,000 untuk tiap kali angsuran (11 kali)/per installment (11 times) January – November 2011
Desember 2011 USD 180,000 (1 kali)/(1 time) December 2011
 Pinjaman Transaksi Khusus Tranche C (PTK  Special Transaction Loan Tranche C (PTK Trance C)
Tranche C)
Fasilitas PTK Tranche C sejumlah Rp 9.000.000.000 PTK facility Tranche C amounted to Rp 9,000,000,000
disajikan sebagai pinjaman jangka pendek (lihat is presented as short-term loan (see Note 11.c).
Catatan 11.c).
FINAL DRAFT
50 April 16, 2009
To be Finalized
Agreed by :
Date :
 Pinjaman Transaksi Khusus Tranche D (PTK  Special Transaction Loan Tranche D (PTK Tranche
Tranche D) D)
Fasilitas PTK Tranche D sebesar Rp 19.900.000.000
dengan jangka waktu 8 Desember 2003 sampai PTK facility Tranche D amounted to Rp 19,900,000,000
dengan tanggal 1 September 2007. Selanjutnya pada with time period from December 8, 2003 to September
tahun 2006, Bank Niaga telah menyetujui mengubah 1, 2007. Furthermore in 2006, Bank Niaga agreed to
jangka waktu tempo pinjaman menjadi tanggal 1 extend the maturity date of loan to December 1, 2011
Desember 2011 dan menetapkan angsuran bulanan and determined monthly installment for 48 times with
sebanyak 48 kali angsuran dengan jadwal pembayaran payment schedule as follows:
sebagai berikut:
20 Juni 2006 – 31 Desember 2007 Tidak dikenakan kewajiban atas pembayaran pokok pinjaman/ June 20, 2006 – Desember 31, 2007
Januari 2008 – Desember 2008 Rp 250,000,000 untuk tiap kali angsuran (12 kali)/per installment (12 times) January 2008 – December 2008
Januari 2011 – Nopember 2011 Rp 390,000,000 untuk tiap kali angsuran (11 kali)/ per installment (11 times) January 2011 – November 2011
Desember 2011 Rp 400.000.000 (1 kali)/(1 time) December 2011
Fasilitas PTK A, B dan C digunakan untuk refinancing PTK A,B and C facility used for refinancing TPS’s liability to
kewajiban TPS pada PT Bank Mandiri (Persero) Tbk pada PT Bank Mandiri (Persero) Tbk in 2003, whereas PTK D
tahun 2003 sedangkan fasilitas PTK D digunakan TPS facility used to purchase a mandatory convertible bond in
untuk pembelian mandatory convertible bond pada tahun 2003 (see Note 12).
2003 (lihat Catatan 12).
Tingkat suku bunga untuk tahun 2008 dan 2007 masing- The annual interest rates for the years 2008 and 2007
masing berkisar antara 16,00%-17,5% untuk pinjaman denominated in Rupiah are ranging from 16.00%-17.5% and
Rupiah dan 7,75% - 8,00% untuk pinjaman US Dollar. 7.75%-8.00% for loan denominated in US Dollar ,
respectively.
Seluruh fasilitas kredit jangka panjang dengan Bank Niaga All long term credit facilities from Bank Niaga are pledged on
diatas dijaminkan secara “cross collateralized” terhadap cross collateral basis to other credit facility obtained by TPS
fasilitas kredit lainnya yang diberikan Bank Niaga kepada from Bank Niaga (see Note 11.c).
TPS (lihat Catatan 11.c).
Fasilitas-fasilitas tersebut mensyaratkan antara lain TPS TPS is required to comply with service restrictions, among
tidak diperkenankan untuk: others:
a. Menjual, mengalihkan, atau menyewakan/menyerahkan a. Sell, transfer, or otherwise rent/dispose, whole or some
pemakaian seluruh atau sebagian kekayaan/asset of assets except for engage daily activities;
kecuali dalam rangka menjalankan usaha sehari-hari;
b. Menerima pinjaman diluar pinjaman yang terkait dengan b. Obtain loan other than loan related to United States
proyek United States Department of Agricultural Department of Agricultural (USDA) project, loan from
(USDA), pinjaman berasal dari bank lain, atau pinjaman the other bank, or loan from leasing company for the
berasal dari perusahaan leasing untuk jumlah diatas amount more than of Rp 10 billion, or if by receiving the
Rp 10 milyar, atau jika dengan diterimanya pinjaman loan, ratio of debt to equity becoming exceeding 2.5:1;
mengakibatkan rasio hutang berbanding modal melebihi
2,5 : 1;
c. Menjaminkan kekayaan pada pihak lain, kecuali pada c. Pledge the assets as collateral to others parties, except
Bank Niaga sebagaimana termaktub dalam Perjanjian- to Bank Niaga as stated in Loan and Collateral
perjanjian Jaminan dan Pemberian Jaminan yang telah Agreements which exist before this agreement effective
ada sebelum perjanjian ini serta pemberian jaminan and pledged inventories which related to credit of USDA
inventory yang berhubungan dengan pemberian kredit project;
sehubungan dengan proyek USDA;
FINAL DRAFT
51 April 16, 2009
To be Finalized
Agreed by :
Date :
d. Mengadakan perjanjian yang dapat menimbulkan d. Enter into agreement which will cause an obligation to
kewajiban untuk membayar pada pihak ketiga, kecuali pay to third parties, except for normal daily business
dalam rangka menjalankan usaha sehari-hari; activities;
e. Menjamin langsung maupun tidak langsung pada pihak e. Provide a corporate guarantee, either directly or
ketiga lainnya, kecuali melakukan endorsemen atas indirectly to third parties, except for endorsement over
surat-surat yang dapat diperdagangkan untuk keperluan comercial letters for payment or other transaction billing
pembayaran atau penagihan transaksi-transaksi lain which is common in ordinary course of business;
yang lazim dilakukan dalam menjalankan usaha;
f. Mengadakan perubahan sifat dan kegiatan usaha; f. Change its nature and business activity;
g. Mengubah Anggaran Dasar, susunan para pemegang g. Change articles of association, stockholders’
saham yang mengakibatkan berubahnya pemegang composition which will caused changing in majority
saham mayoritas dan nilai saham; stockholder and share value;
h. Mengumumkan dan membagikan dividen saham; h. Declare and distribute share devidend;
i. Melakukan merger atau akuisisi; i. Perform merger and acquisition;
j. Melakukan pembayaran atas segala kewajiban terhadap j. Pay all liabilities to stockholders whether principal and
pemegang saham baik berupa pembayaran pokok dan interest, currently exist or future liabilities; and
bunga baik yang telah ada maupun yang akan ada; dan
k. Melakukan pembelanjaan barang modal (capital k. Implement a capital expenditure exceeding Rp 5 billion.
expenditure) untuk sejumlah lebih dari Rp 5 milyar.
Pada tanggal 7 Januari 2008 seluruh fasilitas dari bank On January 7, 2008 all facilities from Bank Niaga had been
Niaga telah dilunasi oleh TPS. settled by TPS.
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk

Sesuai dengan Akta No : KP – CRO / CBC – JPM / 006/ PK Supported by Notarial Deed No: KP-CRO/CBC-JPM/006/PK-
– KI / 2008 tanggal 9 September 2008 dari Notaris Sri KI/2008 dated September 9, 2008 from Notary Sri Ismiyati,
Ismiyati, SH, PT Bumiraya Investindo, perusahaan anak, SH, PT Bumiraya, a subsidiary, obtained loan facility of
memperoleh fasilitas pinjaman Fixed Loan dari PT Bank Fixed Loan from PT Bank Mandiri (Persero) Tbk with the
Mandiri (Persero) Tbk dengan rincian sebagai berikut: details mentioned below:
Kebun I : Rp 38.684.000.000,- Plantation I :Rp38,684,000,000

Kebun II : Rp 21.473.000.000 Plantation II :Rp21,473,000,000
$ Jenis pembiayaan : Fixed Loan $ Type of Loan :Fixed Loan

Tujuan penggunaan: Pembiayaan kembali atas Loan Purpose :Refinancing for palm oil plantation
aset kebun kelapa sawit termasuk pengalihan including loan transfer from previous creditor and
pinjaman dari kreditor terdahulu dan pembiayaan development funding for plantation area of 1,000
pengembangan dengan luas tanam 1.000 hektar hectares including its facilities.
beserta sarananya.
$ Jangka waktu (Kebun I) : 8 Tahun 6 bulan $ Term period (Plantation I): 8 years and 6 months
termasuk grace period selama 30 bulan. including grace period of 30 months.
Jangka waktu (Kebun II) : 8 tahun 6 bulan termasuk Term period (Plantation II): 8 years and 6 months
grace period selama 42 bulan. including grace period of 42 months.
 Bunga : 13 % per tahun $ Interest rate : 13% per annum.
 Jaminan : $ Collaterals :
a. Keseluruhan proyek berupa kebun seluas 3.000 a. All projects covering 3,000 hectares plantation (see
Hektar (lihat Catatan 10). Note 10).
b. Mesin, peralatan, kendaraan, alat berat dan sarana b. Machineries, equipments, vehicles, and heavy
pendukung lainnya (lihat Catatan 10). equipments and other supporting facilities (see
Note 10).
FINAL DRAFT
52 April 16, 2009
To be Finalized
Agreed by :
Date :
c. Lahan dengan SHGU No 30 seluas 1.041 hektar c. An area with Land Cultivation Title No. 30 of 1,041
yang berlokasi di Desa Sebanti, Gemuruh, Lontar hectares located in Desa Sebanti, Gemuruh, East
Timur dan Selatan, Tata Mekar, Kampung Baru and South Lontar, Tata Mekar, Kampung Baru and
dan Tanjung Pelayar, kecamatan Pulau Laut Barat Tanjung Pelayar, Laut Barat Island district, Kotabaru
Kab Kotabaru Kalimantan Selatan (lihat County, South Kalimantan (see Note 10).
Catatan 10).
d. Lahan dengan risalah panitia B No 02/RIS- d. An area with committee’s B statement No. 02/RIS-
HGU/2007 seluas 939 Hektar yang berlokasi di HGU/2007 of 939 hectares located in Desa Teluk
Desa Teluk Sirih, Sei Bulan, Sei Bahrim dan Sirih, Sei Bulan, Sei Bahrim and Serudung Bay,
Tanjung Serudung, kecamatan Pulau Laut Selatan, Laut Selatan Island District, Kotabaru County, South
kabupaten Kotabaru, Kalimantan Selatan (lihat Kalimantan (see Note 10).
Catatan 10).
e. Lahan dengan risalah panitia B No 03/RIS- e. An area with committee’s B statement No. 03/RIS-
HGU/2007 seluas 823,23 Hektar yang berlokasi di HGU/2007 of 823.23 hectares located in Desa
Desa Sebanti, dan Sumbersari kecamatan Pulau Sebanti and Sumbersari, Laut Barat Island District,
Laut Barat kabupaten Kotabaru, Kalimantan Kotabaru County, South Kalimantan (see Note 10).
Selatan (lihat Catatan 10). f. An area with application certificate of 200 hectares
f. Lahan dalam permohonan Sertifikat seluas 200 which under process of area’s verification (see
Hektar yang dalam pengurusan pemeriksaan tanah Note 10).
(lihat Catatan 10).
g. Bukti kepemilikan sertifikat yang akan diproses g. Proof of ownership certificate which will be
kemudian atas lahan yang masih berstatus ijin processed afterwards upon an area under location
lokasi sehingga secara keseluruhan Sertifikat permit therefore in overall certificate will be of 3,300
menjadi 3.300 Hektar (lihat Catatan 10). hectares (see Note 10).
h. Agunan non Fixed Asset h. Non Fixed Asset Guarantee
1. Corporate guarantee dari PT Permata 1. Corporate Guarantee from PT Permata
Handrawina Sakti Handrawina Sakti
2. Gadai Saham pemegang saham BRI 2. Shares guarantee of BRI’s stockholders.
18. Modal Saham 18. Capital Stock
Berdasarkan daftar registrasi dari Biro Administrasi Efek According to records provided by Share Registrar of
PT Sinartama Gunita, susunan pemegang saham PT Sinartama Gunita, the composition of Company
Perusahaan per 31 Desember 2008 dan 2007 adalah stockholders as of December 31, 2008 and 2007 is as
sebagai berikut: follows:
2008
Nama Pemegang Saham Jumlah Saham/ Persentase Ditempatkan dan Disetor
Name of The Stockholders
Kepemilikan/ Penuh/
Number of Percentage of Issued and Fully Paid
Stock Ownership
% Rp
Saham Seri A (Nilai Nominal Rp 500 per Saham) A series shares (Par Value Rp 500 per share)
Masyarakat (masing- masing dibawah 5%) 135,000,000 8.07 67,500,000,000 Public (each below 5%)
Sub Jumlah 135,000,000 8.07 67,500,000,000 Sub Total
Saham Seri B (Nilai Nominal Rp 200 per Saham) B series shares (Par Value Rp 200 per share)
Pandawa Treasuries Pte. Ltd. 307,108,050 18.37 61,421,610,000 Pandawa Treasuries Pte. Ltd.
Primanex Pte. Ltd. 307,168,050 18.37 61,433,610,000 Primanex Pte. Ltd.
PT Permata Handrawira Sakti 324,500,000 19.41 64,900,000,000 PT Permata Handrawira Sakti
PT Tiga Pilar Sekuritas 143,573,000 8.59 28,714,600,000 PT Tiga Pilar Sekuritas
Basinale Investment Ltd 136,220,000 8.15 27,244,000,000 Basinale Investment Ltd
Masyarakat (masing-masing dibawah 5%) 318,430,900 19.04 63,686,180,000 Public (each below 5%)
Sub Jumlah 1,537,000,000 91.93 307,400,000,000 Sub Total
Jumlah 1,672,000,000 100.00 374,900,000,000 Total
FINAL DRAFT
53 April 16, 2009
To be Finalized
Agreed by :
Date :
2007
Nama Pemegang Saham Jumlah Saham/ Persentase Ditempatkan dan Disetor
Name of The Stockholders
Kepemilikan/ Penuh/
Number of Percentage of Issued and Fully Paid
Stock Ownership
% Rp
Saham Seri A (Nilai Nominal Rp 500 per Saham) A series shares (Par Value Rp 500 per share)
Masyarakat (masing- masing dibawah 5%) 135,000,000 12.92 67,500,000,000 Public (each below 5%)
Saham Seri B (Nilai Nominal Rp 200 per Saham) B series shares (Par Value Rp 200 per share)
PT Permata Handrawira Sakti 252,858,000 24.20 50,571,600,000 PT Permata Handrawira Sakti
PT Tiga Pilar Sekuritas 149,673,000 14.32 29,934,600,000 PT Tiga Pilar Sekuritas
Basinale Investment Ltd 136,220,000 13.04 27,244,000,000 Basinale Investment Ltd
Masyarakat (masing-masing dibawah 5%) 371,249,000 35.53 74,249,800,000 Public (each below 5%)
Jumlah 1,045,000,000 100.00 249,500,000,000 Total
19. Tambahan Modal Disetor 19. Additional Paid in Capital
Akun ini merupakan selisih antara nilai nominal saham This account represents the difference between par value of
dengan jumlah penerimaan harga pasar saham pada saat shares and its market price when initially offering shares to
Penawaran Saham Perdana kepada masyarakat dan the public and limited public offering II with pre emptive right
Penawaran Umum Terbatas II dengan hak memesan efek issuance (see Note 1.b).
terlebih dahulu (lihat catatan 1.b).
Rp
Penawaran Umum Perdana Tahun 1997 20,250,000,000 Initial Public Offering in Year of 1997
Penawaran Umum Terbatas Kedua Tahun 2008 201,894,000,000 Second Limited Public Offering in Year of 2008
Biaya Emisi Saham (4,327,675,345) Stock Issuance Cost
Jumlah 217,816,324,655 Total
20. Selisih Nilai Transaksi Restrukturisasi 20. Difference in Value of Restructuring

Entitas Sepengendali Transactions between Entities
Under Common Control
Berdasarkan Akta No. 17 tanggal 24 Oktober 2003 dari Based on Deed No 17 dated on October 2003 from Saal
Saal Bumela, S.H., Notaris di Jakarta, Perusahaan Bumela, SH, Notary, in Jakarta, the Company bought 99.9%
mengakuisisi saham PT Tiga Pilar Sejahtera (TPS) sebesar shares of PT Tiga Pilar Sejahtera (TPS) from companies
99,9% dari pihak-pihak yang berada dalam pengendalian under common control. Afterwards, based on the deed No. 5
yang sama. Kemudian, berdasarkan Akta No. 5 tanggal 12 dated June 12, 2008 from Notary Syarifah Chozie, S.H.,
Juni 2008 dari Notaris Syarifah Chozie, S.H., M.H., M.H., the Company acquired the shares of PT Poly Meditra
Perusahaan mengakuisisi saham PT Poly Meditra Indonesia Indonesia (PMI) for 99.90% ownership from entities under
(PMI) sebesar 99,90% dari pihak-pihak yang berada dalam common control. Based on the deed No. 3 dated June 12,
pengendalian yang sama. Berdasarkan Akta No. 3 tanggal 2008 from Notary Syarifah Chozie, S.H., M.H., the Company
12 Juni 2008 dari Notaris Syarifah Chozie, S.H., M.H., acquired the shares of PT Bumiraya Investindo (BRI)
Perusahaan mengakuisisi saham PT Bumiraya Investindo amounted to 99.90% from entities under common control.
(BRI) sebesar 99,90% dari pihak-pihak yang berada dalam Then, based on the deed No. 6 dated June 12, 2008 from
pengendalian yang sama. Selanjutnya, berdasarkan Akta Notary Syarifah Chozie, S.H., M.H., the Company acquired
No. 6 tanggal 12 Juni 2008 dari Notaris Syarifah Chozie, the shares of PT Patra Power Nusantara (PPN) amounted to
S.H., M.H., Perusahaan mengakuisisi saham PT Patra 99.90% from entities under common control.
Power Nusantara (PPN) sebesar 99,90% dari pihak-pihak
yang berada dalam pengendalian yang sama.
FINAL DRAFT
54 April 16, 2009
To be Finalized
Agreed by :
Date :
Rincian dari selisih nilai transaksi restrukturisasi entitas Details on the difference in value of restructuring
sepengendali adalah sebagai berikut: transactions between entities under common control is as
follows:
Perusahaan Jumlah Harga Bagian Perusahaan Selisih Nilai/
Anak/ Saham/ Pengalihan/ atas Aset Bersih/ Difference in
Subsidiaries Number of Transfer Company Portion Value
Stock Price of Net Assets Rp
PT Tiga Pilar Sejahtera 109,890,000 109,500,000,000 110,631,738,707 (1,131,738,707)

PT Poly Meditra Indonesia 111,888,000 145,000,000,000 116,596,793,410 27,280,767,751
PT Bumiraya Investindo 90,909 139,000,000,000 92,378,149,947 46,622,850,520
PT Patra Power Nusantara 37,962 36,000,000,000 37,962,000,000 (1,962,000,000)
Jumlah 429,500,000,000 357,568,682,064 70,809,879,564
21. Penjualan 21. Sales
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Penjualan 496,972,582,948 488,320,397,876 Sales

Retur dan Potongan Penjualan (7,800,912,548) (4,585,928,034) Sales Return and Discount
Jumlah 489,171,670,400 483,734,469,842 Total
Rincian penjualan berdasarkan kelompok produk utama Details of sales based on main product classifications are as
adalah sebagai berikut: follows:
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Produk Konsumen Consumer's Product
Mie Kering 159,342,363,929 146,902,894,403 Dry Noodle
Mie Instan 104,733,164,096 116,501,938,990 Instant Noodle
Bihun 96,400,017,554 79,742,129,807 Rice Noodle
Biskuit 73,974,523,762 118,536,690,700 Biscuit
Candy 12,858,941,778 8,785,776,169 Candy
Wafer Stick 6,873,367,672 3,054,496,129 Waffer Stick
Snack Ekstrusi 944,981,697 -- Extruded Snack
Susu 142,085,188 -- Milk
Lainnya 4,213,025,465 -- Others
Sub Jumlah Produk Konsumen 459,482,471,141 473,523,926,198 Sub Total of Consumer's Product
Produk Perkebunan Plantations Product
Tandan Buah Segar 29,689,199,259 10,210,543,644 Fresh Fruit Bunches
Jumlah 489,171,670,400 483,734,469,842 Total
FINAL DRAFT
55 April 16, 2009
To be Finalized
Agreed by :
Date :
PT Tiga Pilar Sejahtera (TPS), perusahaan anak, PT Tiga Pilar Sejahtera (TPS), a subsidiary, sell to the
melakukan penjualan kepada pihak hubungan istimewa related parties (see Note 27) for the years ended
(lihat Catatan 27) untuk tahun-tahun yang berakhir pada December 31, 2008 and 2007 are as follows:
31 Desember 2008 dan 2007 masing-masing sebagai
berikut :
Jumlah/ Persentase Terhadap

Total Jumlah Penjualan Bersih/
Percentage to
Total of Net Sales
2008 2007 2008 2007
Pembeli Rp Rp % % Buyer
PT Sarana Indoboga Pratama -- 6,127,250,864 -- 1.23 PT Sarana Indoboga Pratama

Jumlah -- 6,127,250,864 -- 1.23 Total
Penjualan kepada pihak ketiga dengan nilai jual bersih Sales to third parties with sales amount more than 10% from
melebihi 10% dari penjualan bersih TPS untuk tahun TPS net sales for the years ended on December 31, 2008
berakhir 31 Desember 2008 dan 2007 masing-masing and 2007 are amounted to Rp 88,140,232,177 and
sebesar Rp 88.140.232.177 dan Rp 153.730.718.319 atau Rp 153,730,718,319 or 18% and 30.75% of TPS net sales,
sebesar 18% dan 30,75% dari jumlah penjualan bersih TPS, to United Nations World Food Programme Indonesia.
kepada United Nations World Food Programme Indonesia.
22. Beban Pokok Penjualan 22. Cost of Good Sold
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Produk Konsumen Rp Rp Consumer's Product
Bahan Baku Digunakan Usage of Raw Material
Awal tahun 125,360,715,731 79,759,349,693 Beginning Balance
Pembelian 266,129,762,834 360,435,990,074 Purchases
Akhir Tahun (155,664,093,861) (125,360,715,731) Ending Balance
Jumlah Bahan Baku Digunakan 235,826,384,704 314,834,624,036 Total Usage of Raw Material
Tenaga Kerja Langsung 15,926,877,768 12,965,746,656 Direct Labors

Biaya Produksi Tidak Langsung 71,781,297,097 43,647,632,838 Factory Overhead Expenses
Biaya Pokok Produksi 323,534,559,569 371,448,003,530 Cost of Good Manufactured
Persediaan Barang Jadi Finished Good
Awal tahun 17,228,655,651 7,602,533,629 Beginning Balance
Akhir Tahun (22,710,044,351) (17,228,655,651) Ending Balance
Cost of Good Sold for Consumer's
Beban Pokok Produk Konsumen 318,053,170,869 361,821,881,508 Product
FINAL DRAFT
56 April 16, 2009
To be Finalized
Agreed by :
Date :
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Produk Perkebunan Plantations Product
Beban Produksi Langsung - Perkebunan Sawit Direct Cost - Plantations
Upah Langsung 1,082,658,392 817,314,510 Wages
Beban Pemeliharaan dan Plantations Maintenance and
Perbaikan Tanaman 7,739,857,303 1,035,045,664 Recovery Cost
Beban Deplesi Tanaman Perkebunan 2,107,890,436 2,107,890,436 Plantations Depletions Cost
Beban Pengangkutan dan Panen 3,773,032,763 1,491,232,194 Transportation and Harvesting Cost
Beban Produksi Tidak Langsung Indirect Production Cost
Perkebunan Sawit 3,522,994,028 1,172,455,895 Palm Oil Plantations
Cost of Good Sold for Plantations
Beban Pokok Produk Perkebunan 18,226,432,922 6,623,938,699 Product
Jumlah 336,279,603,791 368,445,820,207 Total
Rincian pembelian kepada pihak ketiga dengan nilai A detail of purchasing to third parties with net purchasing
pembelian bersih melebihi 10% dari pembelian bersih untuk more than 10% for the years ended on December 31, 2008
tahun-tahun yang berakhir 31 Desember 2008 dan 2007 and 2007 is as follows:
adalah sebagai berikut:
Pemasok Jumlah/ Persentase Terhadap Suppliers

Total Jumlah Pembelian Bersih/
Percentage of
Total Net Purchase
2008 2007 2008 2007
Rp Rp % %
Manildra Flour Mills 56,675,143,318 -- 21.30 -- Manildra Flour Mills

PT Sriboga Ratu Raya 51,437,293,455 73,230,307,727 19.33 20.32 PT Sriboga Ratu Raya
Jumlah 51,437,293,455 73,230,307,727 19.33 20.32 Total
FINAL DRAFT
57 April 16, 2009
To be Finalized
Agreed by :
Date :
23. Beban Usaha 23. Operating Expenses
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Beban Penjualan Selling Expenses
Pengangkutan 6,955,091,719 11,332,191,130 Transportation
Promosi 4,935,051,482 2,099,710,904 Promotion
Gaji dan Kesejahteraan Karyawan 2,823,844,835 1,935,459,502 Salary and Employee Benefit
Perjalanan Dinas 1,104,527,994 420,459,406 Traveling
Transportasi 791,424,528 635,631,839 Transportation
Sewa Gedung 712,750,516 687,656,933 Building Rent
Penyisihan Piutang 490,065,226 -- Bad Debts
Penyusutan 460,740,724 651,326,518 Depreciation
Telepon, Telex dan Faksimili 242,834,993 238,987,292 Phone, Telex, Facsimile
Pemeliharaan Bangunan 130,059,186 208,565,824 Building Maintenance
Pajak 129,879,875 100,392,025 Tax
Lain-lain (masing-masing dibawah Rp 100 juta) 1,259,035,473 858,401,006 Others (each below Rp 100 million)
Sub Jumlah 20,035,306,551 19,168,782,379 Sub Total
Beban Umum dan Administrasi General and Administrative Expenses

Gaji dan Kesejahteraan Karyawan 8,976,296,700 5,085,433,417 Salary and Employee Benefit
Perjalanan Dinas 2,062,587,037 933,788,888 Traveling
Penyusutan 1,547,456,647 1,144,424,530 Depreciation
Profesional dan Konsultan 1,469,106,452 570,691,998 Professional and Consultant
Imbalan Kerja 983,664,900 1,092,717,129 Employee Benefits
Representasi dan Jamuan 743,815,661 614,460,587 Representation and Entertainment
Telepon, Telex dan Faksimili 659,852,909 781,158,694 Phone, Telex, Facsimile
Perlengkapan Kantor 443,939,397 145,284,279 Office Supplies
Listrik dan Air 421,417,167 242,722,441 Electricity and Water
Pemeliharaan Bangunan dan Kebersihan 378,030,260 358,080,896 Building Maintenance and Cleaning
Transportasi 377,180,016 1,521,840,807 Transportation
Asuransi 172,659,247 132,791,825 Insurance
Denda Pajak 145,114,346 132,404,600 Tax Penalty
Sewa Gedung 111,119,089 278,266,733 Building Rent
Asuransi Tenaga Kerja 56,259,008 -- Employee Insurance
Penyisihan dan Penghapusan Persediaan -- 1,468,050,304 Allowance for Obsolescence of Inventories
Lain-lain (masing-masing dibawah Rp 100 juta) 1,331,980,249 563,792,675 Others (each below Rp 100 million)
Sub Jumlah 19,880,479,085 15,065,909,803 Sub Total
Jumlah 39,915,785,636 34,234,692,182 Total
FINAL DRAFT
58 April 16, 2009
To be Finalized
Agreed by :
Date :
24. Beban Bunga dan Provisi 24. Interest and Provision
Rincian beban bunga dan provisi adalah sebagai berikut: A detail of interest expense and provision is as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Bank 48,721,475,703 38,331,405,926 Bank

Provisi Bank 3,167,773,267 1,844,818,040 Bank Provision Fee
Sewa Pembiayaan 3,080,081,114 106,331,782 Obligation Under Capital Lease
Jumlah 54,969,330,084 40,282,555,748 Total
25. Kewajiban Diestimasi atas Imbalan Kerja 25. Estimated Liability on Employee Benefits
Perusahaan dan perusahaan anak mengakui kewajiban The Company and subsidiaries recognized liability on
manfaat karyawan sesuai dengan peraturan employees’ benefit based on the existing Labor Law. The
ketenagakerjaan yang berlaku. Kewajiban diestimasi atas balance of the Company’s and subsidiaries’ estimated
imbalan kerja Perusahaan dan perusahaan anak per 31 liability on employees’ benefits as of December 31, 2008 and
Desember 2008 dan 2007 dihitung oleh Aktuaris 2007 were calculated by PT Dian Artha Tama, independent
Independen PT Dian Artha Tama dengan tanggal laporan actuary, in their reports dated March 12, 2009 and January
masing-masing 12 Maret 2009 dan 28 Januari 2008. 28, 2008, respectively.
Manajemen berkeyakinan bahwa estimasi atas uang jasa The management of the Company believes that the
tersebut telah memadai untuk menutup kewajiban imbalan estimated benefits are adequate to cover the liabilities on
kerja. employee benefit.
Asumsi aktuaria yang digunakan dalam menentukan beban The actuarial assumptions used in calculation of estimated
dan kewajiban diestimasi atas imbalan kerja pada tanggal liabilities on employee benefits as of December 31, 2008 and
31 Desember 2008 dan 2007 adalah sebagai berikut: 2007, are as follows:
2008 2007
Usia Pensiun Normal 55 Tahun/Years 55 Tahun/Years Normal Pension Age

Estimasi Kenaikan Gaji 8% 8% Estimated Salary Increase
Tingkat Diskonto 12% 10% Discount Rate
Tingka Mortalita Commissioners Standard Commissioners Standard Mortality Rate
Ordinary (CSO)- 1980 Ordinary (CSO) - 1980
Tingkat Pengunduran Diri Usia 18-44 : 5% per tahun/annually Usia 18-44 : 5% per tahun/annually Resignation Rate
Usia 45-54 : 0% per tahun/annually Usia 45-54 : 0% per tahun/annually
Metode Projected Unit Credit Projected Unit Credit Method
FINAL DRAFT
59 April 16, 2009
To be Finalized
Agreed by :
Date :
Rincian dari kewajiban diestimasi atas imbalan kerja adalah A detail of estimated liability on employee benefit is as
sebagai berikut: follows:
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Saldo Awal Tahun 5,078,589,297 4,379,753,835 Beginning Balance

Ditambah: Beban Imbalan Kerja yang Diakui Addition : Employee Benefits Expenses
pada Tahun Berjalan 1,357,770,270 911,067,935 Recognized in the Current Year
Less: Realization of Payment in the
Dikurang: Realisasi Pembayaran Tahun Berjalan (374,105,370) (212,232,473) Current Year
Saldo Akhir Tahun 6,062,254,197 5,078,589,297 Ending Balance
Rincian beban imbalan kerja tahun berjalan adalah sebagai A detail of employee benefit expense for the current year is
berikut: as follows:
2008 2007
(Disajikan Kembali
Catatan 3/
Restated, Note 3)
Rp Rp
Beban Jasa Kini 745,967,650 689,812,622 Current Service Cost

Beban Bunga 597,728,943 315,482,124 Interest Expenses
Amortisasi Biaya Jasa Masa Lalu (Non Vested) 11,364,680 11,364,680 Amortization of Non-vested Past Service Cost
Kerugian Aktuaria 2,708,997 (105,591,491) Actuarial Loss
Jumlah Beban Imbalan Kerja 1,357,770,270 911,067,935 Total Employee Benefit Expense
26. Laba per Saham 26. Earning Per Share
Perhitungan laba per saham adalah sebagai berikut: Earning per share calculation is as follows:
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Laba Bersih Setelah Efek Penyesuaian Proforma 37,455,922,334 32,521,380,928 Net Income after Pro Forma Adjustment
Rata-rata Tertimbang Jumlah Saham yang Beredar 1,441,813,699 1,045,000,000 Weighted Average of Outstanding Shares
Pengaruh Obligasi Konversi Berpotensi Dilusi Saham Convertible Bond with Potentially
Seri B 167,500,000 167,500,000 Diluted B Series Shares
Jumlah Saham Dasar yang Digunakan untuk Number of Shares used
Menghitung Laba per Saham Dilusian 1,609,313,699 1,212,500,000 in Calculating Diluted Earning per Shares
Laba per Saham Earning per Shares

Laba per Saham Dasar 25.98 31.12 Basic Earning per Shares
Laba per Saham Dilusian 23.27 26.82 Diluted Earning per Shares
FINAL DRAFT
60 April 16, 2009
To be Finalized
Agreed by :
Date :
2008 2007
(Disajikan Kembali,
Catatan 3/
Restated, Note 3)
Rp Rp
Laba Bersih Sebelum Efek Penyesuaian Proforma 28,686,156,655 15,759,724,560 Net Income before Effect of Pro forma Adjustments
Rata-rata Tertimbang Jumlah Saham yang Beredar 1,441,813,699 1,045,000,000 Weighted Average of Outstanding Shares
Pengaruh Obligasi Konversi Berpotensi Dilusi Saham Convertible Bond with Potentially
Seri B 167,500,000 167,500,000 Diluted B Series Shares
Jumlah Saham Dasar yang Digunakan untuk Number of Shares used
Menghitung Laba per Saham Dilusian 1,609,313,699 1,212,500,000 in Calculating Diluted Earning per Shares
Laba per Saham Earning per Shares

Laba per Saham Dasar 19.90 15.08 Basic Earning per Shares
Laba per Saham Dilusian 17.83 13.00 Diluted Earning per Shares
27. Saldo dan Transaksi dengan Pihak-pihak 27. Balances and Transactions with
yang Mempunyai Hubungan Istimewa Related Parties
Rincian akun dengan pihak-pihak yang mempunyai A detail of accounts with related parties is as follows:
hubungan istimewa adalah sebagai berikut:
Jumlah/ Persentase terhadap Jumlah
Total Aktiva/Kewajiban/Pendapatan
dan Beban yang Bersangkutan/
Percentage to Total Respective
Assets/Liabilities/Revenue and Expenses
2008 2007 2008 2007

Rp Rp (%) (%)
PT Sarana Indoboga Pratama 1,157,632,728 1,157,632,728 0.11 0.15 PT Sarana Indoboga Pratama
Polar Healthcare Indonesia 21,729,274 -- 0.00 -- Polar Healthcare Indonesia
Jumlah 1,179,362,002 1,157,632,728 0.11 7.61 Total
Piutang Hubungan Istimewa Due From Related Parties

PT Sapta Kencana Asiaprima -- 2,428,746,752 -- 0.31 PT Sapta Kencana Asiaprima
Sea Hero Ltd., Hongkong 3,387,701,700 3,387,701,700 0.33 0.43 Sea Hero Ltd., Hongkong
Sub Jumlah 3,387,701,700 5,816,448,452 0.33 0.73 Sub Total
Dikurangi : Penyisihan Piutang Ragu-ragu (3,387,701,700) (3,387,701,700) (0.33) (0.43) Less: Allowance for Doubtful Accounts
Jumlah -- 2,428,746,752 -- 0.31 Total
Hutang Obligasi Konversi Convertible Bonds

Basinale Investments Ltd 3,500,000,000 3,500,000,000 0.56 0.79 Basinale Investments Ltd
Hutang Hubungan Istimewa Due From Related Parties

S. Joko Mogoginta 942,731,001 498,531,080 0.15 0.11 S. Joko Mogoginta
PT Tiga Pilar Sekuritas 74,390,000 74,390,000 0.01 0.02 PT Tiga Pilar Sekuritas
PT Tugu Palma Sejahtera 276,200,000 -- 0.04 -- PT Tugu Palma Sejahtera
Jumlah 1,293,321,001 572,921,080 0.21 0.13 Total
Penjualan Bersih Net Sales

PT Sarana Indoboga Pratama -- 6,127,250,864 -- 1.27 PT Sarana Indoboga Pratama
-- 6,127,250,864 -- 1.27
FINAL DRAFT
61 April 16, 2009
To be Finalized
Agreed by :
Date :
Piutang pada PT Sapta Kencana Asiaprima (SKA), berasal Due from PT Sapta Kencana Asia Prima (SKA), was
dari pemberian pinjaman dana oleh Perusahaan dan originated from the fund provided by the Company and a
perusahaan anak. Sejak 5 September 2002, Tn. Herry Beng subsidiary. Since September 5, 2002, Mr. Herry Beng
Koestanto yang sebelumnya merupakan Direktur Utama Koestanto who was the Company’s President Director had
Perusahaan telah menjadi pemegang saham SKA dengan become SKA’s stockholder with a direct ownership of 50%
pemilikan langsung 50% dan kepemilikan tidak langsung and indirect ownership of 14.3%. Furthermore, based on the
14,3%. Selanjutnya, sesuai dengan perubahan perjanjian loan amendment dated September 6, 2002 and January 10,
tanggal 6 September 2002 dan 10 Januari 2003, SKA akan 2003, SKA shall pay back 50% of the accounts receivable
mengembalikan piutang tersebut sebesar 50% pada tahun in 2003, 25 % in 2004 and 25% in 2005 and charged
2003, 25% pada tahun 2004 dan 25% pada tahun 2005 annual interest of 12%-18%, effectively since 2004. In 2005
serta dikenakan bunga sebesar 12% - 18% per tahun, the agreement was amended based on Amendment Letter
efektif sejak tahun 2004. Pada tahun 2005, perjanjian ini of Loan agreement No.001/TPSF-SAPTA/HTG/VI/05 dated
diubah dengan Surat Perubahan Surat Perjanjian July 15, 2005 by changing the payment schedule of SKA
No.001/TPSF-SAPTA/HTG/VI/05 tanggal 15 Juli 2005 become in 2006 amounted to 30%, in 2007 amounted to
dengan mengubah jadwal pelunasan hutang SKA yang 30% and 2008 amounted to 40% of principal and no interest
terhitung sejak tahun 2006 sebesar 30%, tahun 2007 will be applicable until the settlement of principal.
sebesar 30%, dan tahun 2008 sebesar 40%, serta tidak
dikenakan bunga sampai pelunasan.
Piutang Sea Hero Ltd., Hong Kong merupakan piutang Due from Sea Hero Ltd., Hong Kong represents non-interest
tanpa bunga untuk keperluan modal kerja yang diberikan bearing receivable for working capital of PT Naga Mas Sakti
PT Naga Mas Sakti Perkasa (NSP), perusahaan anak. Perkasa (NSP), a subsidiary. Based on NSP’s Director
Berdasarkan Rapat Direksi NSP tanggal 18 Desember 2000 Meeting on December 18, 2000, it was decided to provide
diputuskan untuk menyisihkan seluruh piutang ini full allowance on this receivable since the operation of the
sehubungan dengan terhentinya aktivitas Sea Hero Ltd., Hero Ltd., Hong Kong was discontinued and there was no
Hong Kong dan tidak adanya realisasi pembayaran. settlement.
Rincian sifat hubungan istimewa dan jenis transaksi dengan A detail of the account and transction with related parties is
pihak hubungan istimewa : as follows:
Hubungan Istimewa/ Sifat Hubungan Istimewa/ Transaksi/

Related Parties Nature of Related Parties Transactions
1. PT Sapta Kencana Asiaprima Perusahaan Afiliasi/Afiliated Pinjaman dana-Piutang/ Financing-

Account Receivable
2. Sea Hero Ltd, Hongkong Perusahaan Afiliasi- kesamaan Pengurus/ Pinjaman operasional tanpa bunga/
Afiliated – Common Management Non-interest bearing operational loan
3. PT Sarana Indoboga Pratama Perusahaan Afiliasi/ Afiliated Penjualan/Sales
4. PT Tiga Pilar Sekuritas Kesamaan Pengurus, Perusahaan Afiliasi / Hutang Hubungan Istimewa/ Due to
Common Management, Afiliated Related Parties
5. Basinale Investments Ltd Pemegang Saham/ Stockholder Pembeli Obligasi Konversi Perusahaan/
Company’s Convertible Bonds Holder
6. PT Poly Meditra Indonesia Perusahaan Afiliasi/ Afiliated Pemasok dan Pembeli/ Supplier and
Customer
7. PT Polar Healthcare Indonesia Perusahaan Afiliasi – Kesamaan Pengurus / Penjualan/Sales - Customer
Affiliated – Common Management
FINAL DRAFT
62 April 16, 2009
To be Finalized
Agreed by :
Date :
28. Informasi Segmen 28. Segment Informations
Segmen Primer Primary Segment

Segmen primer Perusahaan dan perusahaan anak dikelompokkan berdasarkan kegiatan Primary segment of the Company and subsidiaries is classified based on business
usahanya yaitu kegiatan produksi dan perdagangan mie kering, mie instant, bihun serta produk activities as follows production and trading of dry noodle, instant noodle, rice noodle and
lainnya. the other products.
Segmen usaha yang dilaporkan memenuhi baik tes 10% maupun tes 75% seperti yang The reported business segment meet the 10% test either 75% test as the Statement of
dipersyaratkan oleh Standar Akuntansi Keuangan. Informasi bentuk segmen primer yang berupa Accounting Standard. Primary segment information of the Company and subsidiaries
segmen usaha Perusahaan dan perusahaan anak adalah sebagai berikut: based on business segment is as follows:
2008
Mie Kering/ Mie Instant/ Bihun/ Biscuit/ Candy/ Wafer Stick/ Tandan Buah Segar/ Lainnya/ Konsolidasi/
Dry Noodle Instant Noodle Rice Noodle Biscuit/ Candy Waffer Stick Fresh Fruit Bunches Others Consolidated
Rp Rp Rp Rp Rp Rp Rp Rp
Penjualan Sales
Penjualan Segmen 159,342,363,929 104,733,164,096 96,400,017,554 73,974,523,762 12,858,941,778 6,873,367,672 29,689,199,259 5,300,092,351 489,171,670,400 Segment Sales
Hasil Segmen 49,085,895,976 28,453,114,242 27,974,994,133 28,732,347,349 4,119,483,954 1,218,058,900 11,378,521,612 1,929,650,444 152,892,066,609 Segment Result
Beban Usaha tidak dapat dialokasi -- -- -- -- -- -- -- -- (39,915,785,636) Unallocated Operating Expenses
Laba Usaha -- -- -- -- -- -- -- -- 112,976,280,973 Income from Operation
Beban Lain-lain bersih tidak dapat dialokasi -- -- -- -- -- -- -- -- (60,001,145,662) Unallocated Other Expense
Laba Sebelum Pajak -- -- -- -- -- -- -- -- 52,975,135,311 Income Before Income Tax
Hak Minoritas -- -- -- -- -- -- -- (29,723,463) Minority Interest
Beban Pajak -- -- -- -- -- -- -- -- (15,489,489,514) Tax Expenses
Laba (Rugi) Bersih Setelah Efek -- -- -- -- -- -- -- -- Net Income (Loss) After Effect of
Penyesuaian Proforma 37,455,922,334 Pro Forma Adjustments
Efek Penyesuaian Proforma (8,769,765,679) Effect of Pro Forma Adjustments
Laba (Rugi) Bersih Sebelum Efek Net Income (Loss) Before Effect of
Aktiva Assets
Aktiva Segmen 42,491,055,399 27,221,422,594 24,681,106,164 35,725,904,600 3,505,052,993 1,873,522,592 829,649,846 136,327,714,187 Segment Assets
Aktiva Tidak Dapat Dialokasi -- -- -- -- -- -- -- -- 880,630,040,964 Unallocated Segment Assets
Jumlah Aktiva 1,016,957,755,151 Total Assets
DRAFT
63 April 16, 2009
To be Finalized
Agreed by :
Date :
2008
Kewajiban Liabilities
Kewajiban Segmen 8,689,749,366 5,852,921,360 5,075,527,647 33,304,518,310 2,765,618,497 440,601,657 578,748,469 -- 56,707,685,306 Segment Liabilities
Kewajiban Tidak Dapat Dialokasi -- -- -- -- -- -- -- -- 569,205,528,050 Unallocated Liabilities
Jumlah Kewajiban 625,913,213,356 Total Liabilities
Beban Penyusutan: Depreciation Expense
Penyusutan Segmen 7,500,600,455 7,424,916,648 6,625,417,894 8,970,441,920 241,568,304 964,440,000 2,767,973,691 -- 34,495,358,912 Segment Depreciation
2007
Penjualan Sales
Penjualan Segmen 146,902,894,403 116,501,938,990 79,742,129,807 118,536,690,700 8,785,776,169 3,054,496,129 10,210,543,644 -- 483,734,469,842 Segment Sales
Hasil Segmen 30,917,522,387 17,888,519,669 16,301,197,631 42,931,493,740 3,172,702,648 490,608,614 3,586,604,945 -- 115,288,649,635 Segment Result
Beban Usaha tidak dapat dialokasi -- -- -- -- -- -- -- -- (34,234,692,182) Unallocated Operating Expenses
Laba Usaha -- -- -- -- -- -- -- -- 81,053,957,453 Income from Operation
Beban Lain-lain bersih tidak dapat dialokasi -- -- -- -- -- -- -- -- (43,031,601,905) Unallocated Other Expense
Laba Sebelum Pajak -- -- -- -- -- -- -- -- 38,022,355,548 Income Before Income Tax
Beban Pajak -- -- -- -- -- -- -- -- (5,475,957,861) Tax Expenses
Hak Minoritas -- -- -- -- -- -- -- (25,016,759) Minority Interest
Laba (Rugi) Bersih Setelah Efek -- -- -- -- -- -- -- -- Net Income (Loss) After Effect of
Efek Penyesuaian Proforma (16,761,656,368) Effect of Pro Forma Adjustments
Laba (Rugi) Bersih Sebelum Efek Net Income (Loss) Before Effect of
Aktiva Assets
Aktiva Segmen 26,278,968,059 -- 62,520,266,386 23,442,839,838 7,894,159,073 2,744,513,162 2,288,482,904 -- 125,169,229,422 Segment Assets
Aktiva Tidak Dapat Dialokasi -- -- -- -- -- -- -- -- 667,527,667,978 Unallocated Segment Assets
Jumlah Aktiva 792,696,897,400 Total Assets
DRAFT
64 April 16, 2009
To be Finalized
Agreed by :
Date :
2007
Kewajiban Segmen 40,687,379,770 31,645,739,821 15,370,787,913 19,957,684,284 1,714,431,391 596,045,693 1,327,499,990 2,557,576,686 113,857,145,548 Segment Liabilities
Kewajiban Tidak Dapat Dialokasi -- -- -- -- -- -- -- -- 328,240,608,394 Unallocated Liabilities
Jumlah Kewajiban 442,097,753,942 Total Liabilities
Beban Penyusutan: Depreciation Expense

Penyusutan Segmen 6,004,040,028 7,424,916,648 3,913,274,916 1,453,884,287 243,383,269 964,440,000 2,107,890,435 -- 22,111,829,582 Segment Depreciation
Penyusutan tidak dapat Dialokasi -- -- -- -- -- -- -- -- 2,573,799,162 Unallocated Depreciation
Jumlah Penyusutan 24,685,628,744 Total Depreciation
2008
Rp Rp Rp Rp Rp Rp Rp Rp Rp
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan dari Pelanggan 198,827,095,445 112,054,328,040 103,138,669,429.00 49,145,566,009 13,757,820,578 7,358,836,795 31,764,563,799 15,670,584,786 531,717,464,881 Cash Received from Customers
Bunga Diterima - - - - - - - - - Cash Received from Interest
Pembayaran Pajak - - - - - - - - - Payment of Taxes
Pembayaran kepada Karyawan - - - - - - - - - Cash Paid to Employees
Pembayaran kepada Pihak Hubungan Istimewa - - - - - - - - - Cash Paid to Related Parties
Pembayaran Bunga - - - - - - - - - Interest Payment
Pembayaran kepada Pihak Ketiga - - - - - - - - - Cash Paid to Third Parties
Pembayaran kepada Pemasok - - - - - - - - - Cash Paid to Suppliers
Arus Kas Bersih Digunakan untuk Aktivitas Operasi 198,827,095,445 112,054,328,040 103,138,669,429 49,145,566,009 13,757,820,578 7,358,836,795 31,764,563,799 15,670,584,786 531,717,464,881 Net Cash Provided from Operating Activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Penjualan Aset Tetap - - - - - - - 100,000,000 100,000,000 Sale of Fixed Asset
Perolehan Aktiva Tetap (21,850,000,000) (5,000,000,000) (31,612,990,573) (5,000,000,000) - - - (239,842,685,470) (303,305,676,043) Acquisition of Property and Equipment
Arus Kas Bersih Digunakan untuk Aktivitas Investasi - - - - - - - (337,114,143,281) Net Cash Flows Used in Investing Activities
(21,850,000,000) (5,000,000,000) (31,612,990,573) (5,000,000,000) -- -- -- (239,742,685,470) (640,319,819,324)
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan dari Penambahan Setoran Modal - - - - - - - - 327,294,000,000 Cash Received from Additional Paid in Capital
Perolehan Hutang Bank Jangka Pendek - - - - - - - - 340,828,614,090 Proceed from Short Term Bank Loan
Perolehan Hutang Bank Jangka Panjang - - - - - - - - 228,249,185,641 Proceed from Long Term Bank Loan
Pembayaran Kembali Hutang Bank Jangka Pendek - - - - - - - - (260,260,976,122) Repayment of Short Term Bank Loan
Penerimaan dari Pihak Hubungan Istimewa - - - - - - - - 310,005,641,719 Cash Received from Related Party
Pembayaran kepada Pihak Hubungan Istimewa - - - - - - - - (188,550,461,086) Payment to Related Party
Pembayaran Hutang Bank Jangka Panjang - - - - - - - - (179,154,557,195) Repayment of Long Term Bank Loan
Pembayaran Hutang Sewa Pembiayaan - - - - - - - - 33,141,385,342 Payment of Obligations Under Financing Loan
Arus Kas Bersih Diperoleh dari Aktivitas Pendanaan -- -- -- -- -- -- -- -- 611,552,832,389 Net Cash Flows Provided by Financing Activities
DRAFT
65 April 16, 2009
To be Finalized
Agreed by :
Date :
2007
Rp Rp Rp Rp Rp Rp Rp Rp Rp
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan dari Pelanggan 141,706,890,027 112,381,226,547 76,921,624,076.82 112,395,006,621 8,330,563,008 2,896,235,002 9,681,509,697 30,566,209,544 494,879,264,523 Cash Received from Customers
Bunga Diterima - - - - - - - - 1,284,456,558 Cash Received from Interest
Pembayaran Pajak - - - - - - - - (21,332,644,209) Payment of Taxes
Pembayaran kepada Karyawan - - - - - - - - (6,970,820,573) Cash Paid to Employees
Pembayaran kepada Pihak Hubungan Istimewa - - - - - - - - (3,239,443,575) Cash Paid to Related Parties
Pembayaran Bunga - - - - - - - - (33,570,754,918) Interest Payment
Pembayaran kepada Pihak Ketiga - - - - - - - - (51,212,002,013) Cash Paid to Third Parties
Pembayaran kepada Pemasok - - - - - - - - (467,330,275,498) Cash Paid to Suppliers
Arus Kas Bersih Digunakan untuk Aktivitas Operasi 141,706,890,027 112,381,226,547 76,921,624,077 112,395,006,621 8,330,563,008 2,896,235,002 9,681,509,697 30,566,209,544 (87,492,219,705) Net Cash Provided from Operating Activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Penjualan Aset Tetap - - - - - - - - - Sale of Fixed Asset
Perolehan Aktiva Tetap (22,000,000,000) -- (29,654,596,854) - - - - (133,244,752,732) (184,899,349,586) Acquisition of Property and Equipment
Penempatan Investasi Jangka Pendek - - - - (36,254,519,827) Placement in Short Term Investment
Arus Kas Bersih Digunakan untuk Aktivitas Investasi (22,000,000,000) -- (29,654,596,854) -- -- -- -- (133,244,752,732) (221,153,869,413) Net Cash Flows Used in Investing Activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan dari Penambahan Setoran Modal - - - - - - - - 174,000,000,000 Cash Received from Additional Paid in Capital
Perolehan Hutang Bank Jangka Pendek - - - - - - - - 102,009,706,030 Proceed from Short Term Bank Loan
Perolehan Hutang Bank Jangka Panjang - - - - - - - - - Proceed from Long Term Bank Loan
Pembayaran Kembali Hutang Bank Jangka Pendek - - - - - - - - (29,615,805,553) Repayment of Short Term Bank Loan
Penerimaan dari Pihak Hubungan Istimewa - - - - - - - - 75,340,713,458 Cash Received from Related Party
Pembayaran kepada Pihak Hubungan Istimewa - - - - - - - - (18,241,195,555) Payment to Related Party
Pembayaran Hutang Bank Jangka Panjang - - - - - - - - (4,135,200,000) Repayment of Long Term Bank Loan
Pembayaran Hutang Sewa Pembiayaan (175,669,553) - - - - - - 10,934,628,860 10,758,959,307 Payment of Obligations Under Financing Loan
Arus Kas Bersih Diperoleh dari Aktivitas Pendanaan (175,669,553) -- -- -- -- -- -- 10,934,628,860 310,117,177,687 Net Cash Flows Provided by Financing Activities
DRAFT
66 April 16, 2009
To be Finalized
Agreed by :
Date :
Segmen Sekunder Secondary Segment

Bentuk sekunder pelaporan segmen Perusahaan dan The Company and subsidiaries secondary segment is
perusahaan anak adalah segmen geografis yang ditentukan geographical segment based on distribution area of all the
berdasarkan wilayah distribusi dari keseluruhan pendapatan Company and subsidiaries revenues. The reported segment
Perusahaan dan perusahaan anak. Segmen yang meets the 10% and 75% tests as required by Financial
dilaporkan memenuhi baik tes 10% maupun 75% seperti Accounting Standard.
yang dipersyaratkan dalam Standar Akuntansi Keuangan.
Informasi bentuk segmen sekunder berdasarkan wilayah Secondary segment based on georaphical is as follow:
geografis adalah sebagai berikut:
2008 2007
Rp Rp
Pendapatan Usaha: Revenues
Jakarta, Bogor, Depok, Tangerang Jakarta, Bogor, Depok, Tangerang
dan Bekasi 158,256,928,042 189,211,441,273 and Bekasi
Jawa Timur 72,622,682,338 66,902,648,501 East Java
Jawa Barat 79,160,329,936 62,454,314,296 West Java
Lain lain 47,424,995,229 24,430,058,198 Others
Jumlah 489,171,670,400 483,734,469,842 Total
Nilai Aktiva Segmen: Value of Segment Assets
Jakarta, Bogor, Depok, Tangerang 686,926,170,550 263,723,860,869 Jakarta, Bogor, Depok, Tangerang
dan Bekasi and Bekasi
Jumlah 1,667,253,711,931 1,005,197,008,187 Total
Eliminasi (650,295,956,780) (212,506,682,908) Elimination
Jumlah 1,016,957,755,151 792,690,325,279 Total
Pengeluaran Barang Modal: Capital Expenditure
Jakarta, Bogor, Depok, Tangerang 2,287,913,809 2,263,763,809 Jakarta, Bogor, Depok, Tangerang
dan Bekasi and Bekasi
Jumlah 191,996,588,525 227,136,383,192 Total
29. Aktiva dan Kewajiban Dalam 29. Assets and Liabilities in

Mata Uang Asing Foreign Currencies
2008
Mata Uang Asing Ekuivalen
Foreign Currencies Equivalent
EUR SGD USD Rp
Aktiva Assets
Kas dan Setara Kas -- -- 77,506.53 848,696,503.50 Cash and Cash Equivalents
Investasi Jangka Pendek -- -- 199,921.20 2,189,137,140.00 Short Term Investments
Jumlah Aktiva -- -- 277,427.73 3,037,833,643.50 Total Assets
Hutang Bank Jangka Pendek -- -- 999,606.00 10,945,685,700.00 Short Term Bank Loan
Hutang Usaha -- -- 55,264.03 605,141,128.50 Account Payables
Hutang Sewa Pembiayaan 2,644,040.00 28,952,238,000.00 Obligations Under Capital Lease
Beban yang masih harus Dibayar -- -- 52,005.00 569,454,750.00 Accrued Expense
Pinjaman Jangka Panjang -- -- 3,200,000.00 35,040,000,000.00 Long Term Loan
Jumlah Kewajiban - - 6,950,915.03 76,112,519,578.50 Total Liabilities
Jumlah Kewajiban - Bersih - - 6,673,487.30 73,074,685,935.00 Total Liabilities - Net
DRAFT
67 April 16, 2009
To be Finalized
Agreed by :
Date :
2007
Mata Uang Asing/ Ekuivalen
Foreign Currencies Equivalent
EUR SGD USD Rp
Aktiva Assets
Kas dan Setara Kas -- -- 1,626,773.52 15,322,579,778.30 Cash and Cash Equivalents
Investasi Jangka Pendek -- -- 399,575.20 3,763,598,808.80 Short Term Investments
Piutang Usaha -- -- 547.70 5,158,786.30 Account Receivables
Jumlah Aktiva -- -- 2,026,896.42 19,091,337,373.40 Total Assets
Hutang Bank Jangka Pendek -- -- 1,166,438.00 10,986,679,522.00 Short Term Bank Loan
Hutang Usaha 2,086.00 7,902.56 308,899.91 2,989,614,057.41 Account Payables
Hutang Sewa Pembiayaan -- -- 18,293.00 172,301,767.00 Obligations Under Capital Lease
Beban yang masih harus Dibayar -- -- 38,759.26 365,073,469.15 Accrued Expense
Pinjaman Jangka Panjang -- -- 4,451,525.17 41,928,915,572.00 Long Term Loan
Jumlah Kewajiban 2,086.00 7,902.56 5,983,915.34 56,442,584,387.56 Total Liabilities
Jumlah Kewajiban - Bersih 2,086.00 7,902.56 3,957,018.92 37,351,247,014.16 Total Liabilities - Net
30. Perikatan dan Komitmen 30. Contracts and Commitments
 PT Naga Mas Sakti Perkasa (NSP), perusahaan anak,  PT Naga Mas Sakti Perkasa (NSP), a subsidiary, acting
bertindak sebagai penjamin (corporate guarantor) atas as corporate guarantor of loan from BRI Finance Limited
pinjaman dari BRI Finance Limited, Hongkong yang provided to Sea Hero Ltd., Hong Kong amounted to USD
diperoleh Sea Hero Ltd., Hongkong sebesar 3,168,627 which was due on December 14, 1998. Up to
USD 3,168,627 yang telah jatuh tempo pada tanggal 14 the issuance of consolidated financial statements, NSP
Desember 1998. Sampai dengan tanggal penerbitan have not received any notification of those loan
laporan keuangan konsolidasian, NSP belum menerima collaterals.
pemberitahuan kewajiban atas penjaminan hutang
tersebut.
 Berdasarkan “Purchase Contract” No. IDN-FOOD/PC-  Based on ”Purchase Contract” No.IDN-FOOD/PC-

4500026825/PROC/08 tanggal 2 Desember 2008 PT 4500026825/PROC/08 dated December 2, 2008,
Tiga Pilar Sejahtera (TPS), perusahaan anak, PT Tiga Pilar Sejahtera (TPS), a subsidiary, signed sales
menandatangani kontrak penjualan dengan World Food contract with World Food Programme (WFP). This
Programme Indonesia (WFP). Perjanjian ini mengikat agreement requires TPS to produce Fortified Biscuits
TPS untuk memproduksi Fortified Biscuits (Biskuit yang (Biscuit which is enriched with vitamin and mineral) of
diperkaya Vitamin dan Mineral) sebesar 521 MTN 521 MTN (Metric Tons Net) with a detail is as follow:
(Metric tons Net) dengan rincian sebagai berikut:
Alokasi/ Kuantitas / Harga per MTN/ Jumlah/

Allocations Quantity Price per MTN Total
( MTN ) ( Rp ) ( Rp )
Surabaya 135 12,383,080 1,671,715,814

Kupang 386 12,383,080 4,779,868,921
521 12,383,080 6,451,584,735
Rencana pengiriman pertama kali atas pesanan The first delivery of that order at the latest by February 1,
tersebut paling lambat dilakukan tanggal 1 Pebruari 2008 until the last delivery on April 15, 2008.
2008 hingga pengiriman terakhir tanggal 15 April 2008.
 Berdasarkan “Purchase Contract” No. IDN-FOOD/PC-  Based on” Purchase Contract” No.IDN-FOOD/PC-
4500027038/PROC/08 tanggal 15 Desember 2008 PT 4500027038/PROC/08 dated December 15, 2008,
DRAFT
68 April 16, 2009
To be Finalized
Agreed by :
Date :
Tiga Pilar Sejahtera (TPS), perusahaan anak, PT Tiga Pilar Sejahtera (TPS), a subsidiary, signed sales
menandatangani kontrak penjualan dengan World contract with World Food Programme (WFP). This
Food Programme Indonesia (WFP). Perjanjian ini agreement required TPS to produce Fortified Fried
mengikat TPS untuk memproduksi Fortified Fried Noodles (Instant Noodles which is enriched with vitamin
Noodles (Mie instan yang diperkaya vitamin dan and mineral) of 465 MTN (Metric Tons Net) with detail as
mineral) sebesar 465 MTN (Metric tons Net) dengan follows:
rincian sebagai berikut:
Alokasi/ Kuantitas / Harga per MTN/ Jumlah/

Allocations Quantity Price per MTN Total
( MTN ) ( Rp ) ( Rp )
Surabaya 159 10,322,650 1,641,301,350

Mataram 104 10,123,000 1,052,792,000
Kupang 202 12,086,500 2,441,473,000
465 32,532,150 5,135,566,350
Rencana pengiriman pertama kali atas pesanan The first delivery of that order at the latest by January
tersebut paling lambat dilakukan tanggal 30 Januari 30, 2009 until the last delivery on February 28, 2009.
2009 hingga pengiriman terakhir tanggal 28 Pebruari
2009.
 PT Tiga Pilar Sejahtera, perusahaan anak mendapatkan  PT Tiga Pilar Sejahtera, a subsidiary, obtained Line
fasilitas Line Credit dari berbagai bank yang belum Credit facility from several banks as follows:
digunakan dengan rincian sebagai berikut:
Nama Bank/ Fasilitas Line Credit/ Jumlah Plafond/ Periode/
Bank Name Line Credit Facility Maximum Limit Period
Rupiah
PT Bank Rabobank
International Indonesia Sight/ Usance L/C 60,000,000,000 --
Stock Financing 25,000,000,000 --
PT CIMB Niaga (Lippo) Tbk L/C 5,758,918,000 --
US Dollar
PT Bank Rabobank
International Indonesia Bank Garansi/ Bank Guarantee 3,000,000 --
 Sehubungan dengan perjanjian sewa tanah seperti yang According to land rent agreement as stated in Note 12, on
dijelaskan pada Catatan 12, pada tanggal 28 September September 28, 2007, TPS has signed agreement with
2007, TPS menandatangani perjanjian dengan PT Patra PT Patra Power Nusantara, an affiliate, to purchase power
Power Nusantara, perusahaan afiliasi, untuk pembelian electricity which valid for 1 year. Up to December 31, 2007,
tenaga listrik dengan jangka waktu 1 tahun. Sampai no purchase of power electricity had been realized by TPS.
dengan tanggal 31 Desember 2007, pembelian tenaga
listrik belum direalisasi oleh TPS.
 Berdasarkan Perjanjian Penggunaan Software No. According to Softwares Usage Agreements No.
008/Sales/IFSSI-TPS/2008 tanggal 3 Juli 2008 antara 008/Sales/IFSSI-TPS/2008 dated July 3, 2008 between PT
PT IFS Solutions Indonesia dan TPS, kedua belah pihak IFS Solutions Indonesia and TPS, both sides agreed on
menyepakati tentang pengadaan sistem informasi procurement of information systems with total contract value
dengan total nilai kontrak USD 566,780. of USD 566,780.
DRAFT
69 April 16, 2009
To be Finalized
Agreed by :
Date :
31. Kejadian Setelah Tanggal Neraca 31. Subsequent Events
a. Pada tanggal 23 Januari 2009, Rabobank telah a. On January 23, 2009, Rabobank had agreed to change
menyepakati perubahan jangka waktu fasilitas yang the maturity date to be mature on December 31, 2009
diberikan ke TPS menjadi 31 Desember 2009 sesuai based on the amendment No.LA/CA/1677/A7/2009 (see
dengan amandemen perjanjian pinjaman Note 11.b).
No.LA/CA/1677/A7/2009 (lihat Catatan 11.b).
b. Pada tanggal 14 Januari 2009, berdasarkan surat dari b. On January 14, 2009, based on a letter from Bank BNI
Bank BNI No. SMM/2. 1/019/R, PMI, perusahaan anak, No. SMM/2. 1/019/R, PMI, a subsidiary, obtained
memperoleh fasilitas pinjaman Kredit Modal Kerja Working Capital Loan with maximum amount of Rp 49.7
dengan nilai maksimum Rp 49,7 Milyar untuk jangka billion for 12 months period.
waktu 12 bulan.
c. Berdasarkan, perubahan terakhir Persetujuan Perubahan c. Based on the last Amendment Approval of Loan
Perjanjian Kredit nomor (3) 2007.115, tanggal 15 Agreements number (3) 2007.115, dated January 15,
Januari 2009 dengan Bank BNI, PMI, perusahaan anak, 2009 with Bank BNI, PMI, a subsidiary, loan facility
fasilitas pinjaman yang telah diperoleh dari Bank BNI obtained from Bank BNI is extended starting from
diberikan perpanjangan waktu terhitung sejak tanggal 15 January 15, 2009 until August 31, 2009.
Januari 2009 sampai dengan tanggal 31 Agustus 2009.
32. Pernyataan Standar Akuntansi 32. Revised Statement of Financial

Keuangan yang Direvisi Accounting Standard
Berikut ini adalah ringkasan revisi PSAK yang dikeluarkan The following summarizes the revised SFASs which were
oleh Ikatan Akuntan Indonesia yang belum efektif pada recently issued by the Indonesian Institute of Accountants:
tahun 2008:
 PSAK 50 (Revisi 2006), “Instrumen Keuangan: Penyajian  SFAS No. 50 (Revised 2006), “Financial Instruments:
dan Pengungkapan”, berisi persyaratan penyajian dari Presentation and Disclosures”, prescribes disclosure
instrumen keuangan dan pengidentifikasian informasi yang requirements from financial instruments and identification
harus diungkapkan. Persyaratan penyajian tersebut over information which have to be disclosed. This
berlaku terhadap klasifikasi instrumen keuangan, dari disclosure requirements apply to the classification of
perspektif penerbit, dalam aset keuangan, kewajiban financial instruments, from the perspective of the issuer,
keuangan dan instrumen ekuitas; pengklasifikasian yang into financial assets, financial liabilities and equity
terkait dengan suku bunga, dividen, kerugian dan instruments; the classification of related interest, dividends,
keuntungan, dan keadaan dimana aset keuangan dan losses and gains; and the circumstances in which financial
kewajiban keuangan akan saling hapus. PSAK ini assets and financial liabilities can be offset against each
mensyaratkan pengungkapan, antara lain, informasi other. This SFAS requires disclosures, which is, among
mengenai faktor yang mempengaruhi jumlah, waktu dan others, information regarding factors which influence
tingkat kepastian arus kas masa datang yang terkait amount, time period and level of certainty over future cash
dengan instrumen keuangan dan kebijakan akuntansi yang flowrelated with financial instruments and accounting policy
diterapkan untuk instrumen tersebut. PSAK 50 (Revisi applied for the instruments. SFAS No. 50 (Revised 2006)
2006) ini menggantikan PSAK 50, “Akuntansi Investasi replaced SFAS No. 50, “Accounting for Investments in
Efek Tertentu”, dan diterapkan secara prospektif untuk Certain Securities”, which will be applied prospectively for
laporan keuangan yang mencakup periode yang dimulai periods beginning on or after January 1, 2010. Early
pada atau setelah 1 Januari 2010. Penerapan lebih dini practice were recommended.
dianjurkan.
DRAFT
70 April 16, 2009
To be Finalized
Agreed by :
Date :
 PSAK No. 55 (Revisi 2006), “Instrumen Keuangan: SFAS No. 55 (Revised 2006), “Financial Instruments:
Pengakuan dan Pengukuran”, mengatur prinsip-prinsip Recognition and Measurement”, prescribes principles for
dasar pengakuan dan pengukuran aset keuangan, recognizing and measuring financial assets, financial
kewajiban keuangan, dan kontrak pembelian dan liabilities and some purchase or selling contract of non-
penjualan item non-keuangan. PSAK ini, antara lain, financial items. This SFAS modulates, among others, to
memberikan definisi dan karakteristik terhadap derivatif, give definitions and characteristics of derivatives, categories
kategori dari instrumen keuangan, pengakuan dan from financial instruments, recognition and measurements,
pengukuran, akuntansi lindung nilai dan penetapan dari hedging accounting and implementation of hedging
hubungan lindung nilai. PSAK 55 (Revisi 2006) ini correlations. SFAS No. 55 (Revised 2006) replaced SFAS
menggantikan PSAK 55 (Revisi 1999), “Akuntansi No. 55 (Revised 1999), “Accounting for Derivative
Instrumen Derivatif dan Aktivitas Lindung Nilai”, dan Instruments and Hedging Activities”, which will be applied
diterapkan secara prospektif untuk laporan keuangan yang prospectively for periods beginning on or after January 1,
mencakup periode yang dimulai pada atau setelah 1 2010. Early practice was recommended.
Januari 2010. Penerapan lebih dini dianjurkan.
 PSAK 14 (Revisi 2008), “Persediaan”, yang mengatur SFAS 14 (Revised 2008), “Inventories” which modulate
perlakuan akuntansi untuk persediaan dan menyediakan accounting treatment for inventories and provide guidelines
panduan dalam menentukan biaya persediaan dan in determining inventory cost and further recognition as
pengakuan selanjutnya sebagai beban, termasuk setiap expenses, including every impairment into net realizable
penurunan menjadi nilai realisasi neto, dan juga value, and also provide inventory formula guidelines which
memberikan panduan rumus biaya yang digunakan untuk used to determine inventory cost. The revised SFAS is valid
menentukan biaya persediaan. PSAK revisi ini berlaku to financial statements which begin on or after January 1,
untuk laporan keuangan yang dimulai pada atau setelah 2009.
tanggal 1 Januari 2009.
Perusahaan tidak menerapkan lebih awal PSAK revisi ini. The Company did not apply the revised SFAS earlier. The
Perusahaan dan perusahaan anak sedang mengevaluasi Company and subsidiaries are evaluating the impact of
dampak dari PSAK revisi tersebut dan belum menentukan these SFAS and have not yet determined the impact to
dampaknya terhadap laporan keuangan konsolidasian. financial statement.
33. Tanggung Jawab Manajemen atas Laporan 33. Management Responsibility on

Keuangan Konsolidasian the Consolidated Financial Statements
Manajemen Perusahaan bertanggung jawab atas The management of the Company is responsible for the
penyusunan laporan keuangan konsolidasian yang preparation of the consolidated financial statements that
diselesaikan pada tanggal 14 Maret 2009. were completed on March 14, 2009.
DRAFT
71 April 16, 2009
To be Finalized
Agreed by :
Date :

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R/101.AGA/5.

ASET Catatan/ 2008 2007 ASSETS

ASET TIDAK LANCAR NON-CURRENT ASSETS

KEWAJIBAN, HAK MINORITAS Catatan/ 2008 2007 LIABILITIES, MINORITY INTEREST

Catatan/ 2008 2007

Catatan/ 2008 2007

PENJUALAN 2.m, 21 489,171,670,400 483,734,469,842 SALES

LABA KOTOR 152,892,066,609 115,288,649,635 GROSS PROFIT

BEBAN USAHA 2.m, 23 OPERATING EXPENSES

LABA USAHA 112,976,280,973 81,053,957,453 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)

LABA SEBELUM MANFAAT (BEBAN) INCOME BEFORE INCOME

HAK MINORITAS ATAS LABA PERUSAHAAN

LABA BERSIH SETELAH EFEK PENYESUAIAN NET INCOME AFTER EFFECT OF

LABA PER SAHAM 2.p, 26 EARNING PER SHARE

Catatan/ 2008 2007

ARUS KAS DIGUNAKAN UNTUK CASH FLOWS FROM

Catatan/ 2008 2007

1.a. Pendirian Perusahaan 1.a. The Company's Establishment

1.c. Struktur Perusahaan Anak 1.c. The Structure of the Subsidiaries

*) Telah dihentikan kegiatan usahanya / Discontinued operation

Dewan Direksi Board of Directors

2. Ikhtisar Kebijakan Akuntansi 2. Summary of Accounting Policies

2.b. Prinsip-prinsip Konsolidasian 2.b. Principles of Consolidation

2.d. Setara Kas 2.d. Cash Equivalents

2.e. Investasi 2.e Investments

2.f. Penyisihan Piutang Ragu-ragu 2. f. Allowance for Doubtful Account

2.g. Persediaan 2.g. Inventories

2.h. Aset Tetap 2.h. Property, Plant and Equipment

Tanah tidak disusutkan. Land is not depreciated.

2.i. Tanaman Perkebunan 2.i. Biological Assets

2.j. Sewa 2.j. Leasing

2.k. Penurunan Nilai Aset 2.k. Impairment of Assets Value

2.l. Obligasi Diperoleh Kembali 2.l. Treasury Bonds

2.o. Pajak Penghasilan 2.o. Income Tax

2.p. Laba per Saham 2.p. Earning per Share

2.s. Biaya Emisi Saham 2.s. Stock Issuance Cost

2.t. Informasi Segmen 2.t. Segment Information

Segmen geografis adalah komponen Perusahaan A geographical segment is a distinguishable

3. Transaksi Restrukturisasi Entitas 3. Restructuring Transaction of

Tanggal Jumlah Persentase

PT Poly Meditra Indonesia 12 Juni 2008/June 12, 2008 111,888,000 99.90%

Transaksi-transaksi akuisisi tersebut The acquisition transactions was accounted for in

ASET TIDAK LANCAR NON-CURRENT ASSETS

KEWAJIBAN, HAK MINORITAS LIABILITIES, MINORITY INTEREST

KEWAJIBAN LANCAR CURRENT LIABILITIES

EKUITAS STOCKHOLDERS’ EQUITY

PENJUALAN 499,870,479,242 483,734,469,842 SALES

BEBAN POKOK PENJUALAN 411,780,010,584 368,445,820,207 COST OF GOOD SOLD

LABA KOTOR 88,090,468,658 115,288,649,635 GROSS PROFIT

BEBAN USAHA 32,191,768,969 34,234,692,182 OPERATING EXPENSES

LABA USAHA 55,898,699,689 81,053,957,453 INCOME FROM OPERATIONS

LABA SEBELUM MANFAAT (BEBAN) INCOME BEFORE INCOME

BEBAN PAJAK PENGHASILAN (3,094,833,391) (5,475,957,861) INCOME TAX EXPENSE

HAK MINORITAS ATAS LABA

LABA BERSIH SETELAH EFEK NET INCOME AFTER EFFECT

LABA BERSIH SEBELUM EFEK NET INCOME BEFORE EFFECT

4. Kas dan Setara Kas 4. Cash and Cash Equivalents

Akun ini terdiri dari: This account consists of :

Kas 898,393,000 960,593,039 Cash on Hands

5. Investasi Jangka Pendek 5. Short Term Investments

Akun ini terdiri dari: This account consists of:

6. Piutang Usaha 6. Accounts Receivable

Pihak Ketiga Third Parties