INVESTMENTS IN ASSOCIATED COMPANIES

PT BAKRIE SUMATERA PLANTATIONS Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009 With Comparative Figures for the Year Ended December 31, 2008 Expressed in Thousand Rupiah, unless otherwise stated 43 11. TANAMAN PERKEBUNAN Lanjutan 11. PLANTATIONS Continued 31 Desember 2008 December 31, 2008 Saldo Awal Saldo Akhir Beginning Penambahan Pengurangan Ending Balance Additions Deductions Balance Biaya Perolehan Carrying Value Kelapa sawit 168.817.432 115.116.389 75.064.085 208.869.736 Oil palm Karet 122.683.093 52.323.788 37.188.880 137.818.001 Rubber Jumlah 291.500.525 167.440.177 112.252.965 346.687.737 Total Penambahan biaya perolehan tanaman belum menghasilkan terdiri dari: Additions in carrying value of immature plantations consist of: 2009 2008 Penambahan biaya selama tahun berjalan 206.230.279 148.977.486 Additional cost during the year Reklasifikasi dari beban umum 29.096.936 18.462.691 Reclassification from general charges Reklasifikasi dari aset tetap 39.471.298 - Reclassification from fixed assets Jumlah 274.798.513 167.440.177 Total Pengurangan biaya perolehan tanaman belum menghasilkan terdiri dari: Deductions in carrying value of immature plantations consist of: 2009 2008 Reklasifikasi ke tanaman Reclassification to mature menghasilkan 88.383.501 112.252.965 plantations Reklasifikasi ke pembibitan 15.954.199 - Reclassification to seedlings Jumlah 104.337.700 112.252.965 Total Tanaman belum menghasilkan tersebar di berbagai lokasi operasi Perusahaan dan Anak perusahaan, sebagai berikut: Immature plantations are spread over several operational locations of the Company and Subsidiaries as follows: 2009 2008 Dalam Ha In Ha Dalam Ha In Ha Indragiri Hilir - Riau 7.591 8.162 Indragiri Hilir - Riau Arang-arang - Jambi 5.024 3.355 Arang-arang - Jambi Kisaran - Sumatera Utara 4.823 3.765 Kisaran - North Sumatra Labuhan Batu - Sumatera Utara 2.049 2.289 Labuhan Batu - North Sumatra Bengkulu 460 505 Bengkulu Tulang Bawang Tengah - Tulang Bawang Tengah - Lampung 14 14 Lampung Pasaman - Sumatera Barat - 719 Pasaman - West Sumatra Jumlah 19.961 18.809 Total Penambahan biaya perolehan tanaman belum menghasilkan terdiri dari penambahan biaya atas pengembangan tanaman belum menghasilkan pada tahun 2009 dan 2008. Additions in carrying value of immature plantations consist of additional cost incurred in the development of immature plantations in 2009 and 2008. PT BAKRIE SUMATERA PLANTATIONS Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009 With Comparative Figures for the Year Ended December 31, 2008 Expressed in Thousand Rupiah, unless otherwise stated 44 11. TANAMAN PERKEBUNAN Lanjutan 11. PLANTATIONS Continued Akun tanaman belum menghasilkan merupakan pembebanan biaya untuk pengembangan tanaman karet dan kelapa sawit yang mencakup biaya persiapan lahan, penanaman, pemupukan, pemeliharaan bibit dan beban keuangan. Immature plantations represent expenditures for the development of rubber and oil palm plantations, which include cost for field preparation, planting, fertilizing, maintenance and borrowing costs. Status tanah yang digunakan untuk menanam adalah Hak Guna Usaha HGU Catatan 1c. The land titles used for plantations are Land Rights HGU Note 1c. Pada tanggal 31 Desember 2009 dan 2008, seluruh tanaman perkebunan Perusahaan dan Anak perusahaan dengan nilai buku masing- masing sebesar Rp606,04 miliar dan Rp670,83 miliar, kecuali SNP, GLP dan GIN, digunakan sebagai jaminan atas hutang obligasi - Senior Notes yang diperoleh BSP Finance B.V., Anak perusahaan Catatan 24. As of December 31, 2009 and 2008, all plantations of the Company and Subsidiaries with net book value amounting to Rp606.04 billion and Rp670.83 billion, respectively, except SNP, GLP and GIN, were pledged as collateral for bonds payable - Senior Notes obtained by BSP Finance B.V., a Subsidiary Note 24. Tanaman menghasilkan dan tanaman belum menghasilkan tidak diasuransikan terhadap risiko kerugian akibat kebakaran karena belum ada perusahaan asuransi yang dapat memberikan nilai pertanggungan yang wajar. Mature and immature plantations are not covered by insurance against losses from fire, as there is no insurance company that is able to provide sufficient coverage. Berdasarkan evaluasi manajemen tidak terdapat kejadian-kejadian atau perubahan-perubahan keadaan yang mengindikasikan adanya penurunan nilai tanaman perkebunan Perusahaan dan Anak perusahaan. Based on the evaluation of the Company’s management there are no events or changes in circumstances that indicate impairment in the value of the Company’s and Subsidiaries’ plantations. 12. ASET TETAP 12. FIXED ASSETS Akun ini terdiri dari: This account consists of: 31 Desember 2009 December 31, 2009 Reklasifikasi Saldo Awal Reclassifications Saldo Akhir Beginning Penambahan Pengurangan Ending Balance Additions Deductions Balance Nilai Tercatat Carrying Value Pemilikan Langsung Direct Ownership Tanah 126.173.777 - - 126.173.777 Land Jalan, jembatan dan saluran air 194.462.408 14.380.768 - 208.843.176 Roads, bridges and drainages Bangunan dan prasarana 131.638.910 10.926.471 92.994 142.472.387 Buildings and improvements Mesin dan peralatan 434.900.621 10.837.085 1.599.641 444.138.065 Machinery and equipment Alat pengangkutan 58.622.762 241.929 1.395.579 57.469.112 Transportation equipment Peralatan dan perabot kantor 25.421.274 4.412.465 4.201.564 25.632.175 Furniture and office equipment Sub-jumlah 971.219.752 40.798.718 7.289.778 1.004.728.692 Sub-total Aset dalam Penyelesaian Construction-in-Progress Jalan, jembatan dan saluran air 44.437.708 11.088.970 50.012.182 5.514.496 Roads, bridges and drainage Bangunan dan prasarana 33.835.177 6.043.696 21.498.352 18.380.521 Buildings and improvements Mesin dan peralatan 9.160.379 10.039.065 8.721.384 27.920.828 Machinery and equipment Peralatan dan perabot kantor 1.518.208 2.159.935 2.234.317 1.443.826 Furniture and office equipment Alat pengangkutan - 380.789 873.462 1.254.251 Transportation equipment Sub-jumlah 88.951.472 29.712.455 64.150.005 54.513.922 Sub-total