Investment Portfolio Portfolio Investasi

The net profit in 2006 increased by 720 amounting to Rp.287 billion compared to the year 2005 which amounted to Rp.35 billion. The said increase was mainly due to the profit from foreign exchange rate difference and the sales of fixed assets. PT Infokom Elektrindo Infokom In 2006, a merger has been made between PT Infokom Elektrindo Infokom and PT Elektrindo Nusantara, in that further operational activity shall be under the name of PT Infokom Elektrindo Infokom. Infokom will continue to be positioned as a company to satisfy the needs for information, technology and infrastructure for company group. Currently Infokom is the largest provider of Premium SMS in Indonesia. The operating revenue of Infokom in 2006 increased by 7.6 amounting to Rp.277 billion compared to the year 2005 amounted to Rp.258 billion. The said increase of revenue was mainly due to the increase of the revenue from Value Added Services VAS which recorded an increase amounting to 107.5 compared to year 2005. The operating profit of Infokom in 2006 amounted to Rp.5.7 billion, a decrease compare to the year 2005 which amounted to Rp.23 billion. The decrease was due to the decrease of the margin gained by the company from the Value Added Services business segment. In line with the decrease of such operating profit then the net profit of Infokom in 2006 decreased to Rp.8.7 billion, decreased by 54.7 compared to the net profit in 2005 amounting to Rp.19 billion.

IV. Investment Portfolio

Under PT Bhakti Investama Tbk: 1. PT Bhakti Investama Tbk is a shareholder in PT Citra Marga Nusaphala Persada Tbk CMNP with a total 50 2006 Annual Report PT Bhakti Investama Tbk Operational Review on Subsidiary Companies Laba bersih pada tahun 2006 mengalami peningkatan sebesar 720 yaitu sebesar Rp.287 miliar dibandingkan tahun 2005 yaitu sebesar Rp.35 miliar. Peningkatan tersebut terutama disebabkan oleh dari keuntungan selisih kurs mata uang asing dan penjualan aktiva tetap. PT Infokom Elektrindo Infokom Pada tahun 2006, telah dilakukan penggabungan PT Infokom Elektrindo Infokom dengan PT Elektrindo Nusantara, sehingga kegiatan operasional selanjutnya menggunakan nama PT Infokom Elektrindo Infokom. Infokom akan terus diposisikan sebagai perusahaan yang memenuhi kebutuhan informasi, teknologi dan infrastruktur untuk grup perusahaan. Saat ini Infokom merupakan provider Premium SMS yang terbesar di Indonesia. Pendapatan usaha Infokom pada tahun 2006 meningkat sebesar 7,6 yaitu sebesar Rp.277 miliar dibandingkan dengan tahun 2005 yaitu sebesar Rp.258 miliar. Peningkatan pendapatan tersebut terutama disebabkan oleh meningkatnya pendapatan dari Value Added Services VAS yang mencatat kenaikan sebesar 107,5 dibandingkan pada tahun 2005. Laba usaha Infokom pada tahun 2006 sebesar Rp.5,7 miliar, menurun dibandingkan tahun 2005 yaitu sebesar Rp.23 miliar. Penurunan tersebut disebabkan oleh menurunya margin yang diperoleh perusahaan dari segmen usaha Value Added Services. Sejalan dengan penurunan laba usaha tersebut maka laba bersih Infokom pada tahun 2006 mengalami penurunan menjadi sebesar Rp.8,7 miliar, menurun 54,7 dibandingkan laba bersih tahun 2005 yaitu sebesar Rp.19 miliar.

IV. Portfolio Investasi

Di bawah PT Bhakti Investama Tbk: 1. PT Bhakti Investama Tbk merupakan salah satu pemegang saham pada PT Citra Marga Nusaphala Persada Tbk CMNP dengan jumlah of ownership of 9 which constitutes an investment of the Company in the field of Toll roads infrastructure. 2. PT Bhakti Investama Tbk is also a shareholder of PT Mobile-8 Telecom Tbk FREN indirectly amounting to 6 of ownership other than indirect shareholding through PT Bimantara Citra Tbk. 3. Additionally PT Bhakti Investama Tbk also has an option to purchase 20 shares of PT MNC Sky Vision or INDOVISION. 4. PT Bhakti Investama Tbk owns 40.7 of ownership in PT AGIS Tbk. PT AGIS Tbk is a holding company for companies engaging in the field of distributor, marketing and sales of multi-brands electronic goods. At the end of 2006 the Company has divested 40.7 of the shares it owned in PT AGIS Tbk. 5. Marketable Securities. Under PT Bimantara Citra Tbk:

1. PT Indonesia Air Transport Tbk IAT