USE OF JUDGEMENTS, ESTIMATES AND ASSUMPTIONS continued

Indonesian language. PT BAKRIELAND DEVELOPMENT Tbk. DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN lanjutan Tanggal 31 Desember 2014 Dan Tahun Yang Berakhir Pada Tanggal Tersebut Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued As of December 31, 2014 And The Year Then Ended Expressed in Rupiah, unless otherwise stated

4. PENDIRIAN, AKUISISI DAN DIVESTASI ENTITAS ANAK DAN UNIT USAHA lanjutan

4. ESTABLISHMENT,ACQUISITION AND DIVESTMENT OF SUBSIDIARIES AND BUSINESS UNIT

continued h. Pada tanggal 30 Desember 2014, PT Bakrie Nirwana Semesta BNS, Entitas Anak, telah menandatangani Akta Jual Beli Saham BNS di PT Bakrie Bangun Persada B2P, sebagaimana termuat dalam Akta Notaris Fhifi Alfhian Ronie, S.H., No. 11 tanggal 30 Desember 2014, dengan PT Karya Mega Abadi, sebesar 63.903 lembar saham 99,99 kepemilikan dengan nilai pengalihan sebesar Rp 14,9 miliar. h. On December 30, 2014, PT Bakrie Nirwana Semesta BNS, a Subsidiary, has signed the Deed of Sale and Purchase Agreement, of its shares in PT Bakrie Bangun Persada B2P as stated in Notarial Deed No. 11 dated December 30, 2014 of Fhifi Alfhian Ronie, S.H., with PT Karya Mega Abadi amounted to 63,903 shares 99.99 ownership with transfer amount of Rp 14.9 billion. Rugi atas penjualan investasi saham B2P, sebesar Rp 31,30 miliar disajikan sebagai bagian dari akun “Laba Rugi Divestasi Saham Entitas Anak” dalam laporan laba rugi komprehensif konsolidasian. Loss on sale of investment in B2P amounted to Rp 31.30 billion presented as part of “Gain Loss On Divestment In Subsidiaries Associate Company” in the consolidated statement of comprehensive income. i. Pada tanggal 30 Desember 2014, PT Bakrie Nirwana Semesta BNS, Entitas Anak, telah menandatangani Akta Jual Beli Saham BNS di PT Bakrie Batavia Krisma B2K, sebagaimana termuat dalam Akta Notaris Fhifi Alfhian Ronie, S.H., No. 17 dan 18 tanggal 30 Desember 2014, dengan PT Karya Mega Abadi dan PT Garda Mega Persada, masing-masing sebesar 4.081 dan 1 lembar saham 95,31 dan 0,02 kepemilikan dengan total nilai pengalihan sebesar Rp 24 juta. i. On December 30, 2014, PT Bakrie Nirwana Semesta BNS, a Subsidiary, has signed the Deed of Sale and Purchase Agreement, of its shares in PT Bakrie Batavia Krisma B2K as stated in Notarial Deed No. 17 and 18 dated December 30, 2014 of Fhifi Alfhian Ronie, S.H., with PT Karya Mega Abadi and PT Garda Mega Persada amounted to 4,081 and 1 shares, respectively 95.31 and 0.02 ownership with total transfer amount of Rp 24 million. Laba atas penjualan investasi saham B2K, sebesar Rp 848,29 juta disajikan sebagai bagian dari akun “Laba Rugi Divestasi Saham Entitas Anak” dalam laporan laba rugi komprehensif konsolidasian. Gain on sale of investment in B2K amounted to Rp 848.29 million presented as part of “Gain Loss On Divestment In Subsidiaries Associate Company” in the consolidated statement of comprehensive income. j. Pada tanggal 30 Desember 2014, PT Bakrie Nirwana Semesta BNS, Entitas Anak, telah menandatangani Akta Jual Beli Saham BNS di PT Bakrie Graha Nirwana BGN, sebagaimana termuat dalam Akta Notaris Fhifi Alfhian Ronie, S.H., No. 24 tanggal 30 Desember 2014, dengan PT Karya Mega Abadi, sebesar 4.153 lembar saham 99,97 kepemilikan dengan nilai pengalihan sebesar Rp 199,5 juta. j. On December 30, 2014, PT Bakrie Nirwana Semesta BNS, a Subsidiary, has signed the Deed of Sale and Purchase Agreement, of its shares in PT Bakrie Graha Nirwana BGN as stated in Notarial Deed No. 24 dated December 30, 2014 of Fhifi Alfhian Ronie, S.H., with PT Karya Mega Abadi amounted to 4,153 shares 99.97 ownership with transfer amount of Rp 199.5 million. Laba atas penjualan investasi saham BGN, sebesar Rp 14,83 miliar disajikan sebagai bagian dari akun “Laba Rugi Divestasi Saham Entitas Anak” dalam laporan laba rugi komprehensif konsolidasian. Gain on sale of investment in BGN amounted to Rp 14.83 billion presented as part of “Gain Loss On Divestment In Subsidiaries Associate Company” in the consolidated statement of comprehensive income. k. Pada tanggal 30 Desember 2014, PT Bakrie Nirwana Semesta BNS, Entitas Anak, telah menandatangani Akta Jual Beli Saham BNS di PT Libratindo Gemilang LG, sebagaimana termuat dalam Akta Notaris Fhifi Alfhian Ronie, S.H., No. 27 tanggal 30 Desember 2014, dengan PT Karya Mega Abadi, sebesar 320.910 lembar saham 99,99 kepemilikan dengan nilai pengalihan sebesar Rp 499,9 juta. k. On December 30, 2014, PT Bakrie Nirwana Semesta BNS, a Subsidiary, has signed the Deed of Sale and Purchase Agreement, of its shares in PT Libratindo Gemilang LG as stated in Notarial Deed No. 27 dated December 30, 2014 of Fhifi Alfhian Ronie, S.H., with PT Karya Mega Abadi amounted to 320,910 shares 99.99 ownership with transfer amount of Rp 499.9 million. Laba atas penjualan investasi saham LG, sebesar Rp 5,52 miliar disajikan sebagai bagian dari akun “Laba Rugi Divestasi Saham Entitas Anak” dalam laporan laba rugi komprehensif konsolidasian. Gain on sale of investment in LG amounted to Rp 5.52 billion presented as part of “Gain Loss On Divestment In Subsidiaries Associate Company” in the consolidated statement of comprehensive income. 54