PT SAMPOERNA AGRO Tbk FORMERLY PT SELAPAN JAYA AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2007
and Year Ended December 31, 2006 With Comparative Figures for 2005 and 2004
Expressed in thousands of Rupiah, unless otherwise stated
7
1. GENERAL continued b. Subsidiaries continued
The Company’s investment in Subsidiaries after above mentioned acquisitions consist of the following:
Total assets Percentage of ownership
before elimination interest
in million Rp Comercial
Subsidiaries operations
2007 2006
2005 2004
2007 2006
2005 2004
PT Telaga Hikmah Telaga Hikmah”
1998 99.45 99.45 99.45
99.45 213,681 210,751
202,039 199,227
PT Aek Tarum Aek Tarum” 1992 99.00
99.00 99.00 99.00 131,278
140,834 136,589
119,660 PT Gunung Tua Abadi
Gunung Tua Abadi” 1999 98.97
98.97 98.97 98.97
87,194 84,883
86,477 80,017
PT Mutiara Bunda Jaya Mutiara Bunda Jaya”
2001 99.01 99.01 99.01
99.01 99,717
152,718 156,901
140,572 PT Binasawit Makmur
“Binasawit Makmur” 1999 99.00
99.00 99.00 99.00
48,416 44,794
43,465 23,100
PT Sawit Selatan “Sawit Selatan”
- 99.00 -
- -
200 -
- -
PT Sungai Menang “Sungai Menang”
- 99.00 -
- -
228 -
- -
PT Tania Binatama “Tania Binatama”
- 99.00 -
- -
204 -
- -
PT Selatanjaya Permai “Selatanjaya Permai”
- 99.00 -
- -
200 -
- -
PT Usaha Agro Indonesia “Usaha Agro Indonesia”
- 99.00 -
- -
255 -
- -
PT Pertiwi Lenggara Agromas “Pertiwi Lenggara Agromas”
- 99.00 -
- -
130 -
- -
Palma Agro Limited, Republic of Seychelles
“Palma Agro” - 100.00
- -
- 487,953 -
- -
Palma Agro directly owns shares In the following subsidiary:
PT Sungai Rangit “Sungai Rangit”
1997 93.60 -
- - 458,175
- -
-
Company still in development stage
Summary of operational activities in Subsidiaries:
Maximum capacity of palm oil mill tonnes of fresh fruit
Subsidiaries Activities
bunches per hour
Aek Tarum Palm oil and rubber plantations and
palm oil mill operations 60
Mutiara Bunda Jaya Palm oil plantations and palm oil mill operations
80 Telaga Hikmah
Palm oil plantations and palm oil mill operations 60
Sungai Rangit Palm oil plantations and palm oil mill operations
30 Gunung Tua Abadi
Palm oil plantations -
Binasawit Makmur Palm oil plantations and palm oil seedling
- Palma Agro
Holding company and management services -
Rubber plantations and palm oil seedling are located in South Sumatera, while palm oil plantations and palm oil mills are located in South Sumatera and Central Kalimantan.
PT SAMPOERNA AGRO Tbk FORMERLY PT SELAPAN JAYA AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2007
and Year Ended December 31, 2006 With Comparative Figures for 2005 and 2004
Expressed in thousands of Rupiah, unless otherwise stated
8
1. GENERAL continued b. Subsidiaries continued
