BANK LOANS AND LONG-TERM LOANS continued Pinjaman restukturisasi lanjutan

The original financial statements included herein are in the Indonesian language PT MNC LAND Tbk DAN ENTITAS ANAK DH PT GLOBAL LAND DEVELOPMENT TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal-Tanggal 31 Desember 2012 dan 2011 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES FORMERLY PT GLOBAL LAND DEVELOPMENT TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in Rupiah, unless otherwise stated 59 25. MODAL SAHAM lanjutan 25. CAPITAL STOCK continued Saham diperoleh kembali Treasury stock Pada Pebruari-Maret 2011, Perusahaan melakukan pembelian kembali saham sebanyak 335.699.000 saham atau 9 dari modal ditempatkan dan disetor dengan biaya perolehan sebesar Rp 195,7 milyar. In February-March 2011, the Company had 335,699,000 shares repurchase as many shares or 9 of the issued and paid-up at the cost of Rp 195.7 billion. Berdasarkan Rapat Umum Pemegang Saham Luar Biasa “RUPSLB” Perusahaan pada tanggal 28 Januari 2011 dengan berpedoman pada peraturan hukum yang berlaku yaitu keputusan Ketua Bapepam dan LK No.: Kep- 105BL2010 tanggal 13 April 2010 tentang Pembelian Kembali Saham Yang dikeluarkan oleh Emiten atau Perusahaan Publik dan UU No 40 tahun 2007 tentang UUPT, selama bulan Pebruari dan Maret 2011 Perusahaan telah melakukan transaksi pembelian kembali atas saham milik sendiri dengan menggunakan dana dari investasi jangka pendek wesel tagih. General Meeting of the Extraordinary Shareholders EGM of the Company on January 28, 2011 based on the applicable law and the decision of the Chairman of Bapepam-LK.: Kep-105BL2010 dated 13 April 2010 regarding Buy Back Shares issued by the Issuer or Public Company and Law No. 40 of 2007 regarding the Company Law, during February and March 2011 the company has been making purchases back its own shares by using funds from short-term notes receivable investments. 26. TAMBAHAN MODAL DISETOR 26. ADDITIONAL PAID-IN CAPITAL 2012 2011 Agio saham 180.297.500 180.297.500 Additional paid-in capital Pelaksanaan opsi saham karyawan 311.470.447 - Implementation of employee stock options Biaya emisi saham – setelah Share issuance costs- dikurangi pajak 8.420.199.404 8.420.199.404 net of tax Tambahan modal disetor 7.928.431.457 8.239.901.904 Additional paid-in capital Tambahan modal disetor saham merupakan selisih lebih antara nilai nominal saham dengan harga pelaksanaan waran Seri I. Additional paid-in capital represents the difference between the par value per share and the exercise price of Warrant Series I. Uang muka pemesanan saham merupakan penerimaan setoran pemesanan saham sehubungan dengan Penawaran Umum Terbatas I dengan Hak Memesan Efek Terlebih Dahulu Perusahaan. Subscription shares advances consisted of receipts of share subscription deposit in relation to the Company’s Right Issues I. Biaya emisi saham merupakan biaya yang berkaitan dengan penerbitan saham Perusahaan pada saat Penawaran Umum Perdana dan Penawaran Umum dengan Hak Memesan Efek Terlebih Dahulu. Issuance cost were costs related to the share issuance in the Initial Public Offering and Limited Right Issues. The original financial statements included herein are in the Indonesian language PT MNC LAND Tbk DAN ENTITAS ANAK DH PT GLOBAL LAND DEVELOPMENT TBK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN Untuk Tahun Yang Berakhir Pada Tanggal-Tanggal 31 Desember 2012 dan 2011 Dinyatakan dalam Rupiah, kecuali dinyatakan lain PT MNC LAND Tbk AND SUBSIDIARIES FORMERLY PT GLOBAL LAND DEVELOPMENT TBK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2012 and 2011 Expressed in Rupiah, unless otherwise stated 60

27. SELISIH TRANSAKSI PERUBAHAN EKUITAS ENTITAS ANAK

27. DIFFERENCE DUE TO CHANCE IN EQUITY OF SUBSIDIARIES

Akun ini merupakan bagian Perusahaan atas perubahan ekuitas NGI, Entitas Anak terutama revaluasi asset tetap dan utang sehubungan dengan kuasi reorganisasi sebesar Rp 47.610.437.619. Kuasi Reorganisasi NGI Akibat krisis ekonomi tahun 1997 entitas anak NGI mengalami kerugian selisih kurs yang signifikan yang menyebabkan akumulasi kerugian selama beberapa tahun ditambah terjadinya peristiwa yang tidak menguntungkan bagi bisnis hotel NGI yakni Bom Bali 2002 dan 2005. Pada 31 Desember 2011 defisit NGI mencapai 96.518.233.216. NGI melakukan Kuasi Reorganisasi effective 31 Desember 2011 sesuai dengan PSAK No 51 Revisi 2003. Kuasi Reorganisasi dilakukan melalui penilaian kembali aktiva dan kewajiban dengan rincian sebagai berikut: a. Aset tetap direvaluasi berdasarkan Laporan Penilai independen KJPP Andang Kosasih, Maman Firmansyah Agus Prihartanto dan Rekan No. KJPP 036LAP-PBAMAR III12 tanggal 29 Maret 2012. Penilaian dilakukan dengan Pendekatan biaya dan Pendekatan data Pasar untuk semua aset tetapnya. Berdasarkan penilaian tersebut nilai wajar aset tetap meningkat Rp 197.955.100.862 dan dicatat sebagai bagian Ekuitas lainnya pada 31 Desember 2011. Sebagian dari peningkatan revaluasi bersih dari aset tetap sejumlah Rp 96.518.233.216 digunakan untuk mengeliminasi deficit. b. Aset selain aset tetap dan utang direvaluasi berdasarkan Laporan Penilai independen KJPP Andang Kosasih, Maman Firmansyah Agus Prihartanto dan Rekan No. KJPP 037LAP-PBAMAR III12 tanggal 29 Maret 2012. Penilaian dilakukan dengan Pendekatan biaya. Berdasarkan penilaian tersebut tidak ada penyesuaian atas nilai aset kecuali untuk aset tetap dan utang 31 Desember 2011, karena nilai tercatat atas kuasi reorganisasi sebelumnya telah merefleksikan nilai wajarnya. Kuasi Reorganisasi telah di setujui dalam Rapat Umum Pemegang Saham NGI pada tanggal 20 April 2012. This account represent the Company’s interest the changes in equity of NGI, the Subsidiaries mainly as a result of revaluation increment on assets and liabilities in connection with quasi – reorganization amounting to Rp 47,610,437,619. Quasi-Reorganization NGI As a result of the economic crisis in 1997, NGI a subsidiary suffered significant foreign exchange losses that resulted to substantial accumulated losses over the years. In addition several unfavorable incidents for hotel business owned by NGI such as Bali Bombings in 2002 and 2005. On December 31m 2011 the Company has recorded accumulated losses Rp 95,518,233,216. NGI carried out a quasi-reorganization effective December 31, 2011 in accordance with the Statement of Financial Accounting Standards PSAK No 51 Revised 2003. The quasi-reorganization was carried–out through the revaluation of assets and liabilities with detail as follows: a. Property and equipment was revalued based on the independent appraisal report No. KJPP 036LAP- PBAMARIII12 dated March 29, 2012 by KJPP Andang Kosasih, Maman Firmansyah, Agus Prihatanto dan Rekan. The appraisal was carried out using cost approach and market data approach for all property and equipment. Based on such valuation, the fair value of property and equipment increased by Rp 197,955,100,862 and recorded as part of other equity components at December 31, 2011. Certain portion of the net revaluation increase of the assets amounted to Rp 96,518,233,216 was used to eliminate deficit. b. Asset except for property and equipment and liabilities were revalued based on the independent appraisal report No. KJPP 037LAP-PBAMARIII12 dated March 29, 2012 by KJPP Andang Kosasih, Maman Firmansyah, Agus Prihatanto dan Rekan. The appraisal was carried out using cost approach. Based on such valuation, no adjustment was made to the value of assets except for property and equipment and liabilities as of December 31, 2011, because the carrying amount prior to quasi- reorganization already reflected the fair value. Quasi-reorganization was approved in the general meeting of NGI’s shareholders on April 20, 2012. 28. PENDAPATAN USAHA 28. REVENUES Rincian pendapatan usaha adalah sebagai berikut : The details of revenues are as follows : 2012 2011 Hotel 301.374.158.055 - Hotel Perkantoran 89.343.246.387 72.334.589.462 Offices Jasa keamanan dan jasa Security and other properti lainnya 18.305.539.168 8.621.417.950 property services Jumlah 409.022.943.610 80.956.007.412 Total