Securities Agent Payables Financial Statement 2012

PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011 Figures are Presented in Millions of Rupiah, unless Otherwise Stated - 109 - The facility is fiduciary secured by consumer financing receivables Note 7. The loans obtained by the subsidiares from BNI, Panin, Victoria, Capital, ICBC and CIMB Niaga include requirements that restrict the subsidiares, among others, to conduct merger, acquisition, reorganization, change of business or change their legal status or liquidate the subsidiares, file a petition for bankruptcy or delaying payment of their debts, withdraw or reduce the paid up capital and to guarantee or mortgage shares.

33. Other Liabilities

January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Immediately payable liabilities 201,367 70,787 42,456 Premiums received still in identification process 87,168 124,323 134,951 Policyholders deposits 55,042 94,217 10,247 Payable to policyholders 13,274 11,868 71,682 Tabarru fund 12,979 557 - Unearned revenues 10,981 15,897 8,842 Margin deposits 3,278 2,801 29,706 Tithe payable 504 376 149 Travellers checks 431 881 1,616 Estimated losses on commitments and contingencies - - 3,537 Negative goodwill-net - - 129,802 Others 54,136 96,127 214,393 Total 439,160 417,834 647,381 Tabarru’ fund is the fund establish from contribution, investment income, and accumulated tabarru’ funds underwriting surplus reserve which is allocated to tabarru fund. As of January 1, 2011December 31, 2010, others include liability of SU, a subsidiary, to third party amounting to Rp 145,000, in connection with the purchase of shares of PT Bintang Rajawali Perkasa by SU and has been repaid in October 2011. As of January 1, 2011December 31, 2010, the balance of negative goodwill includes negative goodwill arising from purchase of shares of AJSM at nominal price by the Company and SU, a subsidiary. The carrying amount of negative goodwill amounting to Rp 129,806 was adjusted to beginning balance of retained earning as of January 1, 2011 Note 63 and carrying amount of positive goodwill amounted Rp 4 was recorded as other assets. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the balance of other liabilities to related parties amounted to Rp 2,131, Rp 946 and Rp 818, respectively Note 53.