Investment in Associated Entities Pengendalian Bersama Entitas

DAN ENTITAS ANAK AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 For the Years Ended December 31, 2011 and 2010 Dalam Rupiah Penuh In Full Rupiah d102 April 2012 42 Paraf 13. Aset Tetap 13. Fixed Assets Saldo Awal Penambahan Pengurangan Reklasifikasi Saldo Akhir Beginning Additions Deductions Reclassification Ending Balance Balance Rp Rp Rp Rp Rp Harga Perolehan Acqusition Cost Kepemilikan Langsung: Direct Acquisitions: Tanah 155,341,577,170 -- -- 850,563,062 156,192,140,232 Land Pabrik dan Peralatan 5,444,087,553,233 31,379,627,674 4,991,861,113 210,173,509,695 5,680,648,829,489 Plants and Equipment Bangunan dan Prasarana 1,020,322,857,119 1,193,796,312 56,748,688 102,588,691,254 1,124,048,595,997 Buildings and Infrastructures Perlengkapan Kantor dan Rumah 168,877,993,822 16,380,653,766 4,183,358,175 -- 181,075,289,413 Office and Household Equipment Kendaraan dan Alat-Alat Berat 82,940,444,710 3,889,371,422 81,217,757 -- 86,748,598,375 Vehicles and Heavy Equipment Mesin Bengkel Kerja 30,257,181,082 2,769,950,229 -- -- 33,027,131,311 Workshop Machinery Aset Dalam Pelaksanaan 1,133,472,054,496 496,003,304,056 -- 285,672,510,144 1,343,802,848,408 Construction In Progress Jumlah 8,035,299,661,632 551,616,703,459 9,313,185,733 27,940,253,867 8,605,543,433,225 Total Akumulasi Penyusutan Accumulated Depreciation Kepemilikan Langsung: Direct Acquisitions: Pabrik dan Peralatan 3,026,768,712,134 232,982,376,973 4,506,812,504 -- 3,255,244,276,603 Plants and Equipment Equipment Bangunan dan Prasarana 245,178,457,573 27,184,960,624 161,491,847 8,246,420,584 280,448,346,934 Buildings and Infrastructures Perlengkapan Kantor dan Rumah 118,558,428,443 16,280,312,106 4,183,357,274 -- 130,655,383,275 Office and Household Equipment Kendaraan dan Alat-Alat Berat 65,317,985,160 5,131,553,026 81,217,689 -- 70,368,320,497 Vehicles and Heavy Equipment Mesin Bengkel Kerja 22,768,134,360 1,401,539,582 -- -- 24,169,673,942 Workshop Machinery Jumlah 3,478,591,717,670 282,980,742,311 8,932,879,314 8,246,420,584 3,760,886,001,251 Total Nilai Buku 4,556,707,943,962 4,844,657,431,974 Book Value 2011 Saldo Awal Penambahan Pengurangan Reklasifikasi Saldo Akhir Beginning Additions Deductions Reclassification Ending Balance Balance Rp Rp Rp Rp Rp Harga Perolehan Acqusition Cost Kepemilikan Langsung: Direct Acquisitions: Tanah 50,078,094,850 -- -- 105,263,482,320 155,341,577,170 Land Pabrik dan Peralatan 5,389,042,527,042 55,045,026,191 -- -- 5,444,087,553,233 Plants and Equipment Bangunan dan Prasarana 951,795,951,995 3,064,503,647 156,819,998 65,619,221,475 1,020,322,857,119 Buildings and Infrastructures Perlengkapan Kantor dan Rumah 153,517,928,583 12,708,135,211 4,820,052,244 7,471,982,271 168,877,993,821 Office and Household Equipment Kendaraan dan Alat-Alat Berat 82,147,111,595 1,043,745,368 250,412,253 -- 82,940,444,710 Vehicles and Heavy Equipment Mesin Bengkel Kerja 27,657,444,012 2,662,237,070 62,500,000 -- 30,257,181,082 Workshop Machinery Aset Dalam Pelaksanaan 632,256,994,419 679,569,746,143 -- 178,354,686,066 1,133,472,054,496 Construction In Progress Jumlah 7,286,496,052,496 754,093,393,630 5,289,784,495 -- 8,035,299,661,631 Total Akumulasi Penyusutan Accumulated Depreciation Kepemilikan Langsung: Direct Acquisitions: Pabrik dan Peralatan 2,799,091,720,859 227,676,991,275 -- -- 3,026,768,712,134 Plants and Equipment Equipment Bangunan dan Prasarana 218,371,011,323 26,928,197,959 120,751,709 -- 245,178,457,573 Buildings and Infrastructures Perlengkapan Kantor dan Rumah 108,605,014,069 14,040,863,295 4,087,448,921 -- 118,558,428,443 Office and Household Equipment Kendaraan dan Alat-Alat Berat 66,027,546,016 140,670,533 850,231,389 -- 65,317,985,160 Vehicles and Heavy Equipment Mesin Bengkel Kerja 21,824,973,317 986,390,182 43,229,139 -- 22,768,134,360 Workshop Machinery Jumlah 3,213,920,265,584 269,773,113,244 5,101,661,158 -- 3,478,591,717,670 Total Nilai Buku 4,072,575,786,912 4,556,707,943,961 Book Value 2010 Rincian beban penyusutan: Details of Depreciation: 2011 2010 Rp Rp Beban Penyusutan Aset Tetap 282,980,742,311 269,773,113,244 Depreciation of Fixed Assets Beban Penyusutan Properti Investasi 1,696,605,925 3,357,833,665 Depreciation of Investment Property Nilai Tercatat Bersih 284,677,348,236 273,130,946,909 Net Carrying Amount DAN ENTITAS ANAK AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 For the Years Ended December 31, 2011 and 2010 Dalam Rupiah Penuh In Full Rupiah d102 April 2012 43 Paraf Pembebanan penyusutan atas aset tetap dan properti investasi Catatan 12 adalah sebagai berikut: Depreciation for fixed assets and property of investment Note 12 was allocated as follows: 2011 2010 Rp Rp Beban pokok produksi 271,471,032,847 251,814,779,481 Cost of production Beban penjualan 1,595,483,402 1,581,544,585 Selling expenses Beban umum dan administrasi 11,610,831,987 19,734,622,841 General and administration expenses Jumlah 284,677,348,236 273,130,946,907 Total Rincian aset dalam pelaksanaan adalah sebagai berikut: Construction in progress are as follows: 2011 2010 Rp Rp Bangunan Dan Sarana 1,045,272,092,926 729,092,834,449 Building And Infrastructure Tanah Dalam Pengurusan 135,939,992,324 135,876,610,432 Land In Progress Proyek Pengembangan 150,519,471,564 197,687,350,645 Development Project Proyek Anak Perusahaan 4,866,845,098 50,425,307,512 Subsidiary’s Project Peralatan 7,204,446,496 20,389,951,458 Equipment Nilai Tercatat Bersih 1,343,802,848,408 1,133,472,054,496 Net Carrying Amount Aset tetap pabrik nitrogen anak perusahaan KDM digunakan sebagai jaminan atas utang bank kepada PT Bank Internasional Indonesia Tbk Catatan 23.d. The fixed asset of the nitrogen factory of a subsidiary KDM is used as a guarantee to the bank loan to PT Bank Internasional Indonesia Note 23.d. Aset tetap berupa bangunan, mesin-mesin utama boiler dan peralatan pembantu digunakan sebagai jaminan atas utang bank kepada PT Bank Rakyat Indonesia Persero Tbk Catatan 23.e. The fixed asset of Building, Boiler main machines, and supporting equipments are used as guarantees to the bank loan to PT Bank Rakyat Indonesia Persero Tbk Note 23.e. Aset tetap berupa mesin-mesin dan peralatan proyek Kaltim-5 digunakan sebagai jaminan pinjaman sindikasi Catatan 23.g The fixed asset of machine, and equipment of Kaltim-5 project are used for the guarantee of the sindication loan Note 23.g. Aset tetap dengan pemilikan langsung telah diasuransikan terhadap risiko kebakaran, kerusakan mesin pabrik dan risiko lainnya kepada PT Asuransi Parolamas, PT Asuransi Jasa Indonesia Jasindo, PT Asuransi Ramayana dan PT Asuransi Takaful dengan nilai pertanggungan sebesar USD 1,170,421,078 dan Rp 8.986.566.893.963 pada tahun 2011 dan sebesar USD 1,180,421,078 dan Rp 9.087.851.593.962 pada tahun 2010. Manajemen berpendapat bahwa pertanggungan tersebut cukup menutupi kemungkinan kerugian atas aset yang dipertanggungkan. Fixed assets had been insured againts losses from fire, machinery breakdown and other risk under blanket policies with PT Asuransi Parolamas, PT Asuransi Jasa Indonesia Jasindo, PT Asuransi Ramayana and PT Asuransi Takaful for coverage value of USD 1,170,421,078 and Rp 8,986,566,893,963 in 2011 and USD 1,180,421,078 and Rp 9,087,851,593,962 in 2010, respectively. Management believes that insurance coverages are adequate to cover possible losses on the assets insured. Progress proyek pembangunan boiler batu bara per 31 Desember 2011 mencapai 95,5 dan diperkirakan selesai pada tahun 2012 dengan total nilai proyek sebesar USD 62,093,248 dan Rp 394,202,715,700 Catatan 42.g. Project progress of coal-fired boiler construction as of December 31, 2011 reached 95.5 complete and expected to be finished in 2012 with the total project of USD 62,093,248 and Rp 394.202.715.700 Note 42.g. DAN ENTITAS ANAK AND SUBSIDIARY CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED KONSOLIDASIAN Lanjutan FINANCIAL STATEMENTS Continued Untuk Tahun-tahun yang Berakhir 31 Desember 2011 dan 2010 For the Years Ended December 31, 2011 and 2010 Dalam Rupiah Penuh In Full Rupiah d102 April 2012 44 Paraf Progres proyek sarana transportasi bahan baku PT KNI per 31 Desember 2011 mencapai 99,9 dan direncanakan akan selesai pada tahun 2012 dengan total proyek sebesar Rp 32.424.674.000 Catatan 42.i. Progress of transportation projects of PT KNI as of December 31, 2011 reached 99.9 complete and planned to be completed in 2012 with a total project cost of Rp 32.424.674.000 Note 42.i. Progres pembangunan pabrik Kaltim-5 per 31 Desember 2011 mencapai 3,37 dan diperkirakan selesai pada tahun 2014 dengan total nilai proyek sebesar USD 409,464,300 dan Rp 1.505.868.300.000. Catatan 42.j Project progress of Kaltim-5 construction as of December 31, 2011 reached 3.37 complete and is expected to complete at 2014 with the total project of USD 409.464.300 and Rp 1,505,868,300,000 Note 42.j. Selama tahun 2011 biaya bunga pinjaman untuk proyek boiler batu bara yang dikapitalisasi menjadi aset sebesar Rp 46.158.438.739 pada tingkat suku bunga 6 - 10. During 2011, the interest during construction for the project of coal-fired boiler amounted to Rp 46,158,438,739 based on the interest rate of 6 -10 . Manajemen berpendapat bahwa setelah dilakukan penelaahan penurunan nilai aset, tidak terdapat penurunan atas nilai tercatat aset tetap tersebut. Management believes that after the review of assets, there is no impairment on the fixed assets. Pada tahun 2011, Perusahaan melakukan reklasifikasi properti investasi millik entitas anak KIE ke aset tetap, berdasarkan proporsi luas tanah dan bangunan yang disewa oleh induk perusahaan dengan nilai buku sebesar Rp 19.693.833.284 Catatan 13. In 2011, The Company reclassified the investment properties owned by subsidiaries KIE to fixed assets, based on the proportion of land and buildings leased by the parent company, with a net book value amounting to Rp 19,693,833,284 Note 13. 14. Beban Ditangguhkan

14. Deferred Charges 2011

2010 Rp Rp Hak Atas Tanah - Bersih 10,002,969,347 6,342,715,866 Landright - Net Katalis Catalyst Saldo Awal 82,493,944,257 71,940,511,421 Beginning Balance Penambahan 42,092,424,218 10,553,432,836 Addition Recovery Akumulasi Amortisasi 63,628,030,897 50,315,421,397 Accumulated Amortization Nilai Tercatat Bersih 70,961,306,925 38,521,238,726 Net Carrying Amount a. Hak atas tanah a. Landrights Hak atas tanah Perusahaan dan anak perusahaan berupa sertifikat-sertifikat Hak Guna Bangunan HGB yang mempunyai masa manfaat antara 10 dan 30 tahun dan akan berakhir antara tahun 2013 sampai dengan 2033. Biaya yang terjadi sehubungan dengan pengurusan hak atas tanah diamortisasi selama umur hak tersebut. The Company and its subsidiaries landrights are held in the form of certificates of “Building Use Rights“ HGB with useful life ranging from 10 to 30 years and will mature from 2013 up to 2033. Costs related to the process of acquiring landrights are amortized over its economic life of the landrights. b. Katalis b. Catalyst Katalis adalah bahan yang berfungsi membantu mempercepat penguraian unsur kimia yang mempunyai umur manfaat 3 sampai 10 tahun. Penggantian dilakukan pada saat perbaikan tahunan turn around pabrik. Catalyst is material functioning as accelerator in chemical element decomposition that has useful life of 3 to 10 years. Replacement of such material is conducted during plant turn around annually.