INVESTMENT IN SHARES OF STOCK IN ASSOCIATED COMPANIES Continued TANAH YANG BELUM DIKEMBANGKAN LAND BANK

DAN ANAK PERUSAHAAN CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2011 DAN 31 DESEMBER 2010 Dinyatakan dalam Rupiah, kecuali dinyatakan lain AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR PERIOD ENDED MARCH 31, 2011 AND DECEMBER 31, 2010 Expressed in Rupiah, unless otherwise stated 50 12. TANAH YANG BELUM DIKEMBANGKAN Lanjutan 12. LAND BANK Continued Pada tanggal 31 Maret 2011 dan 31 Desember 2010, tanah yang belum dikembangkan terdiri dari antara lain: 1 tanah seluas 12.406,57 ha yang terletak di Kecamatan Jonggol, Kabupaten Bogor. Nilai perolehan tanah tersebut adalah sebesar Rp 2,35 triliun. 2 tanah seluas 8,77 ha yang terletak di daerah Karet Kuningan, kotamadya Jakarta Selatan, Kecamatan Setiabudi. Nilai perolehan tanah tersebut adalah sebesar Rp 1,30 triliun dan Rp 1.28 triliun masing- masing pada tanggal 31 Maret 2011 dan 31 Desember 2010. 3 tanah seluas 776,11 ha dan 400 ha masing-masing pada tanggal 31 Maret 2011 dan 31 Desember 2010, yang terletak di Desa Sukaharja, Sukamantri dan Desa Tajurhalang. Nilai perolehan tanah tersebut adalah sebesar Rp 1,08 triliun dan Rp 677,92 miliar masing-masing pada tanggal 31 Maret 2011 dan 31 Desember 2010. As of March 31, 2011 and December 31, 2010, land bank consists of, among others: 1 a lot of land of 12,406.57 ha are located in Jonggol, Bogor. Cost of land bank above is amounting to Rp 2.35 trilion. 2 a lot of land of 8.77 ha are located in Karet Kuningan, Setiabudi, South Jakarta. Cost of land bank above is amounting to Rp 1.30 trillion and Rp 1.28 trilion as of March 31, 2011 and December 31, 2010, respectively. 3 a lot of land of 776.11 ha and 400 ha are located as of March 31, 2011 and December 31, 2010, in Sukaharja, Sukamantri and Tajurhalang village. Cost of land bank above is amounting to Rp 1.08 trillion and Rp 677.92 billion as of March 31, 2011 and December 31, 2010 , respectively. Bunga pinjaman PT Graha Andrasentra Propertindo, Anak perusahaan, yang dikapitalisasi ke dalam tanah yang belum dikembangkan masing-masing sebesar Rp 2,13 miliar dan Rp 4,33 miliar untuk tahun yang berakhir pada tanggal 31 Maret 2011 dan 31 Desember 2010. Capitalization of borrowing cost PT Graha Andrasentra Propertindo, Subsidiary, to land bank is amounting to Rp 2,13 billion and Rp 4.33 billion for the year ended March 31, 2011 and December 31, 2010, respectively. 13. PROPERTI INVESTASI 13. INVESTMENT PROPERTIES Pada tanggal 31 Maret 2011, properti investasi Perusahaan dan Anak perusahaan terdiri dari bangunan dan prasarana Wisma Bakrie dan 1.279,32 m 2 Rasuna Office Park dan 2.897,5 m 2 bangunan serta prasarana Orchad Archade yang disewakan kepada pihak ketiga berdasarkan perjanjian sewa, 86,64 m 2 retail area apartemen Tower 18 dan 2.091,89 m 2 Taman Rasuna Apartemen, sedangkan pada tanggal 31 Maret 2010, properti investasi Perusahaan dan Anak perusahaan terdiri dari bangunan dan prasarana Wisma Bakrie dan 1.279,32 m 2 Rasuna Office Park yang disewakan kepada pihak ketiga berdasarkan perjanjian sewa, dan 86,64 m 2 retail area apartemen Tower 18. As of March 31, 2011, the Company’s and Subsidiaries’ investment properties consists of building and improvements of Wisma Bakrie and 1,279.32 sqm of Rasuna Office Park and 2,897.5 sqm of building and improvements of Orchard Archade which was rented to third parties based on rental agreement, 86.64 sqm retail area of The 18 th apartment and 2,091.89 sqm Taman Rasuna Apartment. Meanwhile as of March 31, 2010, the Company’s and Subsidiaries’ investment properties consists of building and improvements of Wisma Bakrie and 1,279.32 sqm of Rasuna Office Park which was rented to third parties based on rental agreement, and 86.64 sqm retail area of The 18th apartment. Mutasi properti investasi selama 31 Maret 2011 dan 31 Desember 2010 adalah sebagai berikut: Changes in investment properties during March 31, 2011 and December 31, 2010 are as follows: 2011 2010 Harga perolehan Costs Saldo awal 70.649.952.557 57.584.612.130 Balance at beginning of the year Penambahan nilai perolehan 20.996.768.420 13.065.340.427 Additional of costs Saldo akhir 91.646.720.977 70.649.952.557 Balance at end of the year Akumulasi penyusutan Accumulated depreciation Saldo awal 9.289.959.853 5.921.505.921 Balance at beginning of the year Beban penyusutan 2.175.486.273 3.368.453.932 Depreciation expense Saldo akhir 11.465.446.126 9.289.959.853 Balance at end of the year Nilai buku bersih 80.181.274.851 61.359.992.704 Net book value Beban penyusutan selama tahun 2011 dan 2010 masing-masing sebesar Rp 2,18 miliar dan Rp 3,37 miliar disajikan sebagai bagian dari akun “Beban Pokok Penghasilan” pada laporan laba rugi konsolidasian. Depreciation expense during 2011 and 2010 is amounted to Rp 2.18 billion and Rp 3.37 billion, respectively, is presented as part of “Cost of Revenues” in the consolidated statements of income. DAN ANAK PERUSAHAAN CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL-TANGGAL 31 MARET 2011 DAN 31 DESEMBER 2010 Dinyatakan dalam Rupiah, kecuali dinyatakan lain AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR PERIOD ENDED MARCH 31, 2011 AND DECEMBER 31, 2010 Expressed in Rupiah, unless otherwise stated 51 13. PROPERTI INVESTASI Lanjutan 13. INVESTMENT PROPERTIES Continued Berdasarkan hasil penelaahan terhadap nilai yang dapat diperoleh kembali dari properti investasi, manajemen Perusahaan dan Anak perusahaan berkeyakinan bahwa tidak terdapat kejadian-kejadian atau perubahan- perubahan yang mengindikasikan adanya penurunan nilai aset pada tanggal 31 Maret 2011 dan 31 Desember 2010. Based on the review on the recoverable value of the investment properties, the Company’s and Subsidiaries’ management believe that there is no events or changes indicating assets impairment as of March 31, 2011 and December 31, 2010. 14. ASET TETAP 14. FIXED ASSETS Rincian aset tetap selama tahun 2011 dan 2010 adalah sebagai berikut: Details of fixed assets during 2011 and 2010 are as follows: 2011 2010 Harga perolehan Acquisition cost Pemilikan langsung Direct ownership Hak atas tanah 610.837.487.988 646.934.223.958 Landrights Bangunan dan prasarana 1.104.252.670.886 1.067.096.004.474 Building and improvements Mesin dan peralatan 206.875.966.127 20.604.333.462 Machinery and equipment Perlengkapan 69.752.566.389 259.882.955.342 Furniture and fixtures Kendaraan bermotor 16.779.691.616 18.643.553.122 Motor vehicles Hak penguasaaan jalan tol 3.013.640.045.395 3.011.467.627.897 Toll rod concession right 5.022.138.428.401 5.024.628.698.255 Aset sewa guna usaha Fixed assets under lease Kendaraan bermotor 13.530.711.221 14.646.085.191 Motor vehicles 13.530.711.221 14.646.085.191 Aset dalam penyelesaian Construction in progress Bangunan dan prasarana 1.252.431.848.554 1.179.041.858.714 Buildings and improvement Jumlah 6.288.100.988.176 6.218.316.642.160 Total Akumulasi penyusutan Accumulated depreciation Pemilikan langsung Direct ownership Bangunan dan prasarana 320.900.584.341 313.077.504.654 Building and improvements Mesin dan peralatan 155.591.872.423 12.497.913.376 Machinery and equipment Perlengkapan 44.072.659.289 189.582.571.435 Furniture and fixtures Kendaraan bermotor 13.168.021.559 13.567.380.281 Motor vehicles Hak penguasaaan jalan tol 67.634.556.272 40.881.237.633 Toll rod concession right 601.376.693.884 569.606.607.379 Aset sewa guna usaha Fixed assets under lease Kendaraan bermotor 8.156.170.606 9.287.907.707 Motor vehicles 8.156.170.606 9.287.907.707 Jumlah 609.532.864.490 578.894.515.086 Total