Instrumen Keuangan Derivatif PT Vale Indonesia Tbk Annual Reports 2005

Catatan atas Laporan Keuangan untuk 31 Desember 2005 dan 2004 PT International Nickel Indonesia Tbk Notes to the Financial Statements December 31, 2005 and 2004 PT International Nickel Indonesia Tbk 36 Rekonsiliasi atas perubahan nilai wajar dalam periode ini yang termasuk dalam Pendapatan Komprehensif Lain-lain adalah sebagai berikut: 2005 2004 Dalam ribuan Dolar AS US, in thousands Saldo per 1 Januari 2.119 3.559 Balance at January 1 Kenaikan nilai wajar periode ini 3.648 3.023 Current period increases in fair value Diakui dalam Laporan Laba Rugi 5.767 4.463 Recognized in Statements of Earnings Saldo per 31 Desember – 2.119 Balance as at December 31 A reconciliation of current period changes in fair value included in Other Comprehensive Income is as follows:

32. Aktiva dan Kewajiban Moneter Dalam Mata Uang Selain Dolar AS

Aktiva dan kewajiban moneter dalam mata uang Rupiah pada 31 Desember 2005 telah dikonversikan ke dalam mata uang Dolar AS dengan menggunakan kurs 1 = Rp9.900 2004: 1 = Rp9.300. Sejak 31 Desember 2005, kurs telah bergerak dari 1 = Rp9.900 menjadi 1 = Rp9.300 pada 27 Februari 2006. Ada kemungkinan bahwa Rupiah akan terus berfluktuasi di masa yang akan datang, dan mungkin akan terdepresiasi atau terapresiasi secara signifikan.

32. Monetary assets and liabilities denominated in currencies other than the US dollar

At December 31, 2005 monetary assets and liabilities denominated in Rupiah have been translated into US dollars using an exchange rate of 1 = Rp9,900 2004: 1 = Rp9,300. Since December 31, 2005 the exchange rate has moved from 1 = Rp9,900 to 1 = Rp9,300 as of February 27, 2006. It is possible that the Indonesian Rupiah will continue to be highly volatile in the foreseeable future, and may depreciate or appreciate significantly. 2005 2004 Mata Uang Dollar AS Mata Uang Dollar AS asing Jutaan Equivalen asing Jutaan Equivalen Foreign Ribuan Foreign Ribuan currencies Equivalent currencies Equivalent Millions Thousands Millions Thousands Aktiva Assets Kas dan setara Kas IDR 16.814 1.686 34.455 3.693 Cash and Cash Equivalents SGD 0.0787 47 0.2746 168 CAD 0.0051 4 0.0075 6 Piutang Lain-lain IDR 20.412 2.062 19.055 2.049 Other Receivables Piutang Pajak IDR 36.884 3.726 136.575 14.696 Taxes Receivable Biaya Dibayar Dimuka Prepaid Expenses dan Uang Muka IDR 25.826 2.609 37.651 4.048 and advance Aktiva Lain-lain IDR 35.702 3.606 30.524 3.282 Other Assets Jumlah Aktiva Lancar 13.740 27.942 Total Current Assets Kewajiban Liabilities Hutang Usaha AUD 0.075 55 0.700 547 Trade Payables Pihak Ketiga CAD 0.515 442 0.657 547 Third Parties EUR 0.070 84 0.064 88 GBP 0.053 91 0.225 431 JPY 0.006 0.058 0.468 5 NOK 0.647 96 1 192 NZD 0.014 10 0.104 75 SGD 6 4.046 2 1.487 IDR 10.103 1.021 39.405 4.237 Hutang usaha Trade Payables Pihak yang Mempunyai Related Hubungan Istimewa CAD 0.280 241 0.806 670 Parties Hutang Pajak IDR 48.567 4.906 31.151 3.349 Taxes Payable Kewajiban Lancar Lainnya IDR 51.195 5.171 39.705 4.269 Other Current Liabilities Kewajiban Imbalan Kerja IDR 115.785 11,695 166.367 17.889 Provision for Employee Benefits Jumlah Kewajiban 27.858 33.786 Total Liabilities Kewajiban bersih 14.118 5.844 Net Liabilities