Consumer Financing Receivables 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 - 77 -

10. Segregated Funds Net Assets - Unit Link

January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Assets Investments Bonds Related party Rupiah Bumi Serpong Damai II2006 - - 3,000 Third parties Rupiah Fortis 16,156 15,413 14,299 Government Bonds RI FR27 4,618 4,531 4,443 Government Bonds RI FR23 - 5,914 5,879 Merrill Lynch - 17,973 16,850 Total - Third parties 20,774 43,831 41,471 Total - Bonds 20,774 43,831 44,471 Shares Third parties Rupiah PT United Tractors Tbk 7,397 9,894 7,973 PT Bank Mandiri Persero Tbk 8,594 7,162 6,207 PT Astra Internasional Tbk 4,636 4,514 3,327 PT Bank Central Asia Tbk 3,167 2,784 2,227 PT Bank Pan Indonesia Tbk 2,445 3,027 4,424 PT Telekomunikasi Indonesia Tbk 2,367 1,844 2,079 PT Bank Rakyat Indonesia Persero Tbk 2,328 2,261 1,759 PT Perusahaan Gas Negara Persero Tbk 2,519 1,738 2,423 PT Tambang Batubara Bukit Asam Tbk 1,216 1,397 1,847 PT Holcim Indonesia Tbk 1,666 1,250 1,293 PT International Nickel Indonesia Tbk 633 862 1,314 Others below Rp 1,000 each 1,447 1,175 1,199 Total - shares 38,415 37,908 36,072 Units of mutual funds Related parties Rupiah Danamas Stabil 46,307 41,155 29,810 Foreign currency Danamas Dollar 156 142 23,510 Total 46,463 41,297 53,320 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 - 78 - January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Assets Investments Units of mutual funds Third parties Rupiah RD Gani Penyertaan Terbatas 1,574,261 1,415,699 1,380,509 PT Henan Putihrai Asset Management Maestro Flexi I 1,045,482 1,271,343 2,390,544 Si Dana Batavia Terbatas VI 602,367 804,956 870,257 Syailendra Multi Strategy Fund I 542,121 454,049 111,875 Schroder Dana Terpadu II 138,593 386,527 332,339 Syailendra Balanced Opportunity Fund 137,765 - - RD Kharisma Flexi Terbatas III 113,539 103,653 - Panin Dana Bersama Plus 99,024 - - PNB Paribas Ekuitas 76,268 - - Schroder Syariah Balanced Fund 50,508 45,358 43,534 Schroder Dana Prestasi Plus 36,316 79,244 80,037 Syailendra Equity Opportunity Fund 27,676 - - Panin Dana Maxima 22,918 - - Corfina Bima Berimbang Penyertaan Terbatas 12,593 11,290 32,089 Schroder Dana Mantap Plus II 5,566 5,164 4,525 Fortis Ekuitas - 78,353 78,433 Others below Rp 1,000 each - 913 970 Total 4,484,997 4,656,549 5,325,112 Foreign currency Corfina Bima Berimbang Dollar Penyertaan Terbatas 328,840 426,221 386,308 PT Henan Putihrai Asset Management Maestro Dollar I 52,850 48,652 164,703 Total 381,690 474,873 551,011 Total - Third parties 4,866,687 5,131,422 5,876,123 Total - units of mutual fund 4,913,150 5,172,719 5,929,443 Total - investments 4,972,339 5,254,458 6,009,986 Cash and cash equivalents 167,411 94,016 1,422,530 Investment receivables 1,129 2,090 2,271 Total Assets 5,140,879 5,350,564 7,434,787 Liabilities Accrued expenses 364 694 - Claims payable 1,288 10,054 57,618 Insurance contract liabilities 16,329 - - Other liabilities 1,179,572 791,397 322,459 Total liabilities 1,197,553 802,145 380,077 Net 3,943,326 4,548,419 7,054,710