MANAGEMENT’S LKFS Pertamina (Persero) 2013 combined edit

PT PERTAMINA PERSERO DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 549 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2013 DAN 2012 Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012 Expressed in thousands of US Dollars, unless otherwise stated

4. AKUISISI DAN PENAMBAHAN PARTICIPATING

INTEREST 4. ACQUISITION AND ADDITION OF PARTICIPATING INTEREST Pada tahun 2013, Grup melakukan beberapa transaksi akuisisi pada perusahaan lain baik melalui participating interest maupun melalui kepemilikan saham pada perusahaan lain. Transaksi akuisisi ini dilakukan sehubungan dengan strategi Grup dalam pengembangan bisnis hulu migas, yaitu untuk peningkatan jumlah produksi dan cadangan migas serta pengembangan bisnis ke luar negeri. Ringkasan penting transaksi akuisisi adalah sebagai berikut: During 2013, the Group had several acquisition transactions through increase in participating interest farm-in and acquisition of shares. These acquisition transaction were made in connection with the Group’s strategy to develop its upstream business, i.e. to increase oil and gas production and reserves as well as expanding to overseas. A summary of the Group’s acquisition is as follows:

a. Akuisisi

saham Burlington Resources International Holding LLC

a. Share acquisition of Burlington Resources

International Holding LLC Efektif sejak tanggal 27 November 2013 Perusahaan mengakuisisi 100 modal saham ConocoPhillips Algeria Ltd. COPAL dari Burlington Resources International Holdings LLC 100. Effective from 27 November 2013 the Company acquired 100 of the shares of ConocoPhillips Algeria Ltd. COPAL from Burlington Resources International Holdings LLC 100. COPAL adalah perusahaan yang berdomisili di Cayman Island yang memiliki 65 participating interest di Blok 405a Aljazair. Aktivitas COPAL mencakup peran sebagai operator pada area MLN dan sebagai partner pada unit Ourhoud dan EMK. COPAL, a corporation domiciled in the Cayman Islands, holds a 65 participating interest in Block 405a Algeria. COPAL activities include acting as an operator in the MLN area and a partner in the Ourhoud and EMK units. Jumlah sementara nilai wajar aset dan liabilitas yang timbul dari akuisisi sebagai berikut: Fair values of the assets and liabilities, provisionally determined, arising from this acquisition are as follows: 2013 Kas dan setara kas 17,443 Cash and cash equivalents Piutang 20,031 Receivables Piutang lain-lain 11,342 Other receivables Persediaan 22,129 Inventories Beban tangguhan dan beban dibayar di muka 288 Deferred charges and prepayments Aset pajak tangguhan 19,582 Deferred tax assets Aset minyak dan gas - bersih 632,196 Oil and gas property - net Utang 42,373 Payables Utang lain-lain 36,172 Other payable Liabilitas pajak tangguhan 75,062 Deferred tax liabilities Nilai buku aset bersih 569,404 Book value of net assets Selisih nilai wajar dan nilai buku Excess of fair value over net book aset yang dialokasikan ke aset minyak value allocated to oil and gas dan gas setelah pajak 543,785 property net of tax Nilai wajar aset bersih 1,113,189 Fair value of net assets Kepemilikan yang diakuisisi 100 Interest acquired Nilai wajar aset bersih yang diperoleh 1,113,189 Fair value of net assets acquired Goodwill 556,703 Goodwill Purchase consideration through Harga perolehan melalui pembayaran kas 1,669,892 cash payment Kas dan setara kas 17,443 Cash and cash equivalents Arus kas keluar bersih dari akuisisi 1,652,449 Net cash outflow on acquisition PT PERTAMINA PERSERO DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 550 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 DESEMBER 2013 DAN 2012 Dinyatakan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012 Expressed in thousands of US Dollars, unless otherwise stated

4. AKUISISI DAN PENAMBAHAN PARTICIPATING

INTEREST lanjutan 4. ACQUISITION AND ADDITION OF PARTICIPATING INTEREST continued

a. Akuisisi

saham Burlington Resources International Holding LLC lanjutan

a. Share acquisition of Burlington Resources

International Holding LLC continued Penyesuaian nilai wajar terutama berasal dari pengakuan cadangan dan sumber minyak yang diakuisisi. Saldo goodwill terutama berasal dari pengakuan pajak tangguhan yang dihitung sebagai perbedaan antara dampak pajak dari nilai wajar aset dan liabilitas dengan dasar pengenaan pajaknya. The fair value adjustments principally relate to the recognition of the reserves and resources acquired. The goodwill balance is mainly the result of the requirement to recognised a deferred tax liability calculated as the difference between the tax effect of the fair value of the assets and liabilities acquired and their tax bases. Pendapatan dan beban dari COPAL sejak tanggal 27 November 2013 masuk dalam laporan laba- rugi konsolidasian Grup. The amounts of revenue and profit or loss of COPAL since 27 November 2013 included in the Group’s consolidated profit or loss Jika COPAL dikonsolidasi sejak 1 Januari 2013, maka laba-rugi konsolidasian akan menunjukkan pendapatan proforma US71.437.274 dan laba proforma US3.201.927. If COPAL is consolidated from 1 January 2013, the consolidated profit or loss would shouw proforma revenue of US71,437,274 and a proforma profit of US3,201,927.

b. Akuisisi participating interest Lapangan

West Qurna-1 b. Acquisition of participating interest on West Qurna-1 Block Efektif sejak tanggal 29 November 2013 Perusahaan melalui PT Pertamina Irak Eksplorasi Produksi PIREP telah melakukan akuisisi atas 10 participating interest di Blok West Qurna-1 di Irak. Participating interest yang lain dimiliki oleh ExxonMobil Iraq Limited sebagai lead contractor 25, Shell West Qurna B.V. 15, Oil Exploration Company of Iraqi Ministry of Oil 25 dan Petrochina International Iraq FZE 25. Akuisisi atas participating interest ini dicatat sebagai aset minyak dan gas bumi. Effective from 29 November 2013 the Company acquired a 10 participating interest in West Qurna-1 Block in Iraq through PT Pertamina Irak Eksplorasi Produksi PIREP. Other participating interests were held by ExxonMobil Iraq Limited as lead contractor 25, Shell West Qurna B.V. 15, Oil Exploration Company of Iraqi Ministry of Oil 25 and Petrochina International Iraq FZE 25. Acquisition of this participating interest was recorded as oil and gas properties.

c. Akuisisi saham Natuna 2 B.V.

c. Share acquisition of Natuna 2 B.V.

Efektif sejak tanggal 6 Desember 2013, PHE Oil and Gas dan PTTEP Netherlands Holding Cooperatie U.A. mengakuisisi 23 participating interest di Natuna Sea Blok A melalui akuisisi 100 masing-masing 50 saham Natuna 2 B.V. dari Hess Luxembourg Exploration and Production Holding S.A R.L. Pembayaran oleh Grup untuk akuisisi ini adalah senilai US328.072. Effective from 6 December 2013, PHE Oil and Gas and PTTEP Netherlands Holding Cooperatie U.A. acquired 23 participating interest in Natuna Sea Block A through the acquisition of 100 50 each shares in Natuna 2 B.V from Hess Luxembourg Exploration and Production Holding S.A R.L. The cash outflow for this acquisition by the Group was US328,072.