MODAL SAHAM CAPITAL STOCK

The original consolidated financial statements included herein are in Indonesian language. PT Holcim Indonesia Tbk Dahulu PT Semen Cibinong Tbk Dan Anak Perusahaan CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI Tahun Yang Berakhir Pada Tanggal 31 Desember 2006 Dengan Angka Perbandingan Tahun 2005 Angka dalam tabel dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT Holcim Indonesia Tbk Formerly PT Semen Cibinong Tbk And Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures for 2005 Figures in tables stated in millions of Rupiah, unless stated otherwise 38 24. BEBAN UMUM DAN ADMINISTRASI 24. GENERAL AND ADMINISTRATIVE EXPENSES 2006 2005 Gaji, upah dan tunjangan Catatan 33 113.529 80.481 Salaries, wages and allowances Note 33 Jasa tenaga ahli 29.358 52.415 Professional fees Sumbangan dan representasi 8.298 4.736 Donation and representation Biaya trademark Catatan 29 dan 31 7.402 - Trademark fee Notes 29 and 31 Perjalanan 7.167 7.683 Travelling Perbaikan dan pemeliharaan 4.535 3.916 Repairs and maintenance Sewa 4.339 3.337 Rent Penyusutan Catatan 10 2.573 2.980 Depreciation Note 10 Amortisasi beban tangguhan 2.490 22.093 Amortization of deferred charges Lain-lain 57.807 38.100 Others Jumlah 237.498 215.741 Total 25. BEBAN BUNGA DAN KEUANGAN 25. INTEREST EXPENSE AND FINANCIAL CHARGES 2006 2005 Bunga 157.854 137.825 Interest Amortisasi penghapusan hutang bunga Amortization of deferred interest ditangguhkan Catatan 16 35.482 54.122 waived Note 16 Bersih 122.372 83.703 Net 26. PAJAK PENGHASILAN 26. INCOME TAX Rekonsiliasi antara laba rugi sebelum beban pajak menurut laporan laba rugi konsolidasi dengan laba rugi fiskal adalah sebagai berikut: A reconciliation between income loss before tax expense per consolidated statements of income and taxable income loss is as follows: Pajak Kini Current Tax 2006 2005 Laba rugi sebelum beban pajak menurut Income loss before tax expense laporan laba rugi konsolidasi 241.158 188.423 per consolidated statements of income Rugi anak perusahaan sebelum beban pajak 72.278 33.144 Loss before tax expense of subsidiaries Laba rugi Perusahaan sebelum Income loss before tax expense beban pajak 313.436 155.279 of the Company Perbedaan temporer Temporary differences Beban piutang ragu-ragu 6.824 2.093 Provision for doubtful accounts Penghapusan cadangan penyisihan Write-offs of allowance for decline penurunan persediaan - bersih 13.913 3.744 in inventories - net Penyusutan 27.616 128.318 Depreciation Beban imbalan kerja 8.976 18.924 Provision for employee benefits Beban pembalikan biaya Provision for reversal of rehabilitasi 7.276 16 rehabilitation cost The original consolidated financial statements included herein are in Indonesian language. PT Holcim Indonesia Tbk Dahulu PT Semen Cibinong Tbk Dan Anak Perusahaan CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI Tahun Yang Berakhir Pada Tanggal 31 Desember 2006 Dengan Angka Perbandingan Tahun 2005 Angka dalam tabel dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain PT Holcim Indonesia Tbk Formerly PT Semen Cibinong Tbk And Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures for 2005 Figures in tables stated in millions of Rupiah, unless stated otherwise 39 26. PAJAK PENGHASILAN lanjutan 26. INCOME TAX continued 2006 2005 Perbedaan tetap Permanent differences Koreksi positif 44.462 38.799 Positive corrections Koreksi negatif 46.760 61.074 Negative corrections Laba rugi fiskal Perusahaan 278.133 326.431 Taxable income loss of the Company Akumulasi rugi fiskal Tax loss carryforwards 2001 - 643.329 2001 2003 28.875 76.329 2003 2004 633.431 658.249 2004 2005 326.431 - 2005 Accumulated fiscal losses Akumulasi rugi fiskal Perusahaan 710.604 1.704.338 of the Company Pada tahun 2005, Perusahaan telah menyelesaikan proses bandingnya atas pajak penghasilan badan tahun 2001 yang dimulai sejak tahun 2003 dengan diterimanya Putusan Pengadilan Pajak No. PUT. 06317PPM.VIII152005 tanggal 7 September 2005. Pengadilan Pajak menetapkan rugi fiskal Perusahaan tahun 2001 sebesar Rp643.329 juta, dan kelebihan pembayaran pajak sebesar Rp3.609 juta. Kelebihan pembayaran pajak ini dikompensasi dengan kekurangan pembayaran pajak lainnya di tahun 2001. Jumlah deposit pembayaran oleh Perusahaan sehubungan dengan surat ketetapan pajak badan tahun 2001 sebesar Rp39.148 juta Catatan 8 telah dikembalikan kepada Perusahaan pada tanggal 20 April 2006. In 2005, the Company has completed the appeal process of its 2001 corporate income tax which had been started in 2003 with the receipt of Tax Court Decision No. PUT. 06317PP M.VIII152005 dated September 7, 2005. The Tax Court decided that the Company’s tax loss for year 2001 amounted to Rp643,329 million and the tax overpayment is Rp3,609 million. This tax overpayment was used to compensate with other underpaid taxes in 2001. The deposit payments made by the Company with regard to the 2001 corporate income tax assessment letter amounting to Rp39,148 million Note 8 was refunded to the Company on April 20, 2006. Pada tanggal 26 April 2005, Perusahaan menerima Surat Ketetapan Pajak Kurang Bayar SKPKB Pajak Penghasilan Badan tahun 2002 No. 00022060209205 dan SKPKB Pajak Penghasilan Pasal 19 2 tahun pajak 2002 No. 000012420209205 yang menyatakan bahwa pajak kurang bayar masing-masing sebesar Rp93.062 juta dan Rp324.682 juta. Pada tanggal 25 Juli 2005, Perusahaan telah mengajukan surat keberatan sehubungan dengan kedua SKPKB tersebut. Pada tanggal 13 Maret 2006, Direktur Jenderal Pajak DJP membatalkan kedua SKPKB tersebut dan menetapkan kelebihan pembayaran pajak badan tahun pajak 2002 sebesar Rp5.637 juta. Perusahaan telah menerima pengembalian kelebihan pembayaran pajak tersebut pada tanggal 20 April 2006. On April 26, 2005, the Company received Tax Underpayment Assessment Letter SKPKB for Corporate Income Tax year 2002 No. 00022060209205 and SKPKB Income Tax Article 19 2 year 2002 No. 000012420209205 stating tax underpayment amounting to Rp93,062 million and Rp324,682 million, respectively. The Company has filed objection letters in response to these SKPKB letters on July 25, 2005. On March 13, 2006, the Director General of Taxation DGT cancelled both SKPKB letters and decided the tax overpayment of 2002 corporate income tax amounting to Rp5,637 million. The Company has received the refund of this tax overpayment on April 20, 2006.