CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Continued

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 Expressed in thousands of Rupiah, unless otherwise stated 47 4. DIVESTASI DAN LIKUIDASI ENTITAS ANAK 4. DIVESTMENTS AND LIQUIDATION OF SUBSIDIARIES a. Pelepasan divestasi Entitas Anak a. Divestment of a Subsidiary Berdasarkan Akta Jual Beli Saham tanggal 17 Juli 2013 oleh notaris Linda Herawati S.H. No. 29, PT Grahadura Leidongprima “GLP”, pemilik 38. 119 lembar saham 99,97 dan PT Sumbertama Nusapertiwi “SNP”, pemilik 10 lembar saham 0,03 Penjual, menjual seluruh kepemilikan saham mereka di PT Guntung Idamannusa GIN kepada PT Berkat Sawit Sejati dan PT Mitra Sistra Pembeli dengan harga sebesar USD41.293.707, dengan nilai retensi sebesar USD7.700.000 ditahan oleh Pembeli dan akan dibayarkan setelah penyelesaian beberapa persyaratan administrasi yang berhubungan dengan penjualan GIN. Based on the Deed of Sale and Purchase of Shares dated July 17, 2013 by Notary, Linda Herawati S.H. No. 29, PT Grahadura Leidongprima “GLP”, the owner of 38,119 shares 99.97 and PT Sumbertama Nusapertiwi “SNP”, the owner of the remaining 10 shares 0.03 the Sellers, sold all their shares held in PT Guntung Idamanusa “GIN” to PT Berkat Sawit Sejati and PT Mitra Sistra the Buyers, for a total consideration amounting to USD41,293,707, with a retention amounting to USD7,700,000 held by the buyers which will be released upon completion of all administrative matters relating to the sale of GIN. Laba atas penjualan saham sebesar Rp49,86 miliar dibukukan pada akun Laba atas divestasi entitas anak. The gain on the sale of shares amounting to Rp49.86 billion was booked under the “Gain on divestment of a subsidiary”. Pada tanggal yang sama, berdasarkan Akta Perjanjian Pemindahan Hak Tagih Cessie oleh notaris Linda Herawati S.H. No. 30, GLP mengalihkan hak tagih atas hutang GIN kepada PT Berkat Sawit Sejati sejumlah Rp354,49 miliar USD35.706.293, setara dengan nilai tercatat piutang pada tanggal pengalihan. On the same date, based on the Deed of the Transfer of Rights Cessie, as notarized by Linda Herawati S.H. No.30, GLP transferred its right over its receivables from GIN to PT Berkat Sawit Sejati for a consideration amounting to Rp354.49 billion USD35,706,293, which is equivalent to the carrying amount of receivables as at the date of transfer. Pada tanggal 17 Juli 2013, GLP dan GIN membuat perjanjian pengakhiran dan pelepasan dengan Credit Suisse AG, Singapore Branch, untuk melepaskan seluruh aset yang dimiliki GIN yang sebelumnya digunakan oleh Perusahaan sebagai jaminan atas hutang yang diperoleh dari Credit Suisse AG, Singapore Branch. Seluruh aset yang dimiliki oleh GIN telah dilepaskan sebagai jaminan pada tanggal tersebut. On July 17, 2013, GLP and GIN entered into a Termination and Release Agreement with Credit Suisse AG, Singapore Branch, for the release of assets of GIN which were used previously by the Company as guarantee on the credit facility obtained from Credit Suisse AG, Singapore Branch. The assets of GIN were released from the guarantee effective on this date. Berikut ini adalah laporan informasi keuangan 2013 GIN pada tanggal divestasi yang tidak dikonsolidasi lagi pada tanggal 31 Desember 2013 dengan angka perbandingan untuk tahun 2012: Summarized below is the 2013 financial information of GIN as at the date of divestment which was no longer consolidated as of December 31, 2013 with comparative figures for 2012: 2013 2012 Total aset 678.621.143 1.067.673.707 Total assets Total liabilitas 354.493.379 692.241.081 Total liabilities Laba rugi neto 51.304.862 26.916.151 Net income loss b. Likuidasi Entitas Anak b. Liquidation of a Subsidiary Pada tanggal 27 September 2012, Perusahaan telah melikuidasi International Rubber Investment Pte. Ltd. Entitas Anak tersebut masih dalam tahap pengembangan dan di likuidasi pada saat itu memiliki aset Rp7 ribu. On September 27, 2012, the Company liquidated International Rubber Investment Pte. Ltd. The Subsidiary was still in the development stage when it was liquidated with total assets at that date of Rp7 thousand. PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 Expressed in thousands of Rupiah, unless otherwise stated 48 5. KAS DAN SETARA KAS 5. CASH AND CASH EQUIVALENTS 2013 2012 Kas Cash on hand Rupiah 575.232 733.514 Rupiah Kas di bank Cash in banks Rupiah Rupiah PT Bank CIMB Niaga Tbk 26.240.946 16.621.015 PT Bank CIMB Niaga Tbk PT Bank Internasional Indonesia Tbk 8.670.690 358.123 PT Bank Internasional Indonesia Tbk PT Bank Mandiri Persero Tbk 4.992.038 22.737.285 PT Bank Mandiri Persero Tbk PT BPD Sumbar Ujung Gading PT BPD Sumbar Ujung Gading Sumatera Barat 3.792.743 1.267.074 Sumatera Barat PT Bank DBS Indonesia 3.529.194 177.697 PT Bank DBS Indonesia PT Bank Negara Indonesia PT Bank Negara Indonesia Persero Tbk 3.261.721 551.920 Persero Tbk PT Bank Mestika Dharma 803.276 301.630 PT Bank Mestika Dharma PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia Persero Tbk 776.728 5.868.051 Persero Tbk Industrial and Commercial Industrial and Commercial Bank of China, Indonesia 428.514 370.477 Bank of China, Indonesia PT Bank Capital Indonesia Tbk 329.285 43.797 PT Bank Capital Indonesia Tbk PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah Bengkulu 233.586 37.024 Bengkulu PT Bank Central Asia Tbk 166.223 293.585 PT Bank Central Asia Tbk PT Bank Permata Tbk 101.953 2.173.679 PT Bank Permata Tbk PT Bank Jabar Syariah 51.337 14.285 PT Bank Jabar Syariah PT Bank Muamalat Indonesia Tbk 21.291 21.501 PT Bank Muamalat Indonesia Tbk PT Bank Sumatera Utara 7.067 99.061 PT Bank Sumatera Utara ABN Amro Bank N.V. 1.577 1.648 ABN Amro Bank N.V. PT Bank Bukopin Tbk 980 3.532 PT Bank Bukopin Tbk Euro Euro ING Bank N.V. 231.511 182.328 ING Bank N.V. PT Bank Mandiri Persero Tbk 19.290 17.433 PT Bank Mandiri Persero Tbk Dolar Amerika Serikat United States Dollar Bank of New York 46.243.702 54.339.493 Bank of New York PT Bank Internasional Indonesia Tbk 13.985.891 1.501.860 PT Bank Internasional Indonesia Tbk PT Bank DBS Indonesia 1.386.068 4.002.409 PT Bank DBS Indonesia PT Bank Mandiri Persero Tbk 800.879 1.013.418 PT Bank Mandiri Persero Tbk PT Bank CIMB Niaga Tbk 240.890 195.955 PT Bank CIMB Niaga Tbk PT Bank Sinarmas Tbk 46.534 27.656 PT Bank Sinarmas Tbk ABN Amro Bank N.V. 24.715 19.674 ABN Amro Bank N.V. Standard Chartered Bank, Jakarta 22.379 20.079 Standard Chartered Bank, Jakarta ING Bank N.V. 13.520 49.456 ING Bank N.V. PT Bank Bukopin Tbk 12.819 10.394 PT Bank Bukopin Tbk PT Bank Capital Indonesia Tbk 4.830 - PT Bank Capital Indonesia Tbk PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia Persero Tbk - 1.596 Persero Tbk Total kas di bank 116.442.177 112.323.135 Total cash in banks Setara kas Cash equivalents Deposito berjangka Time deposits Rupiah Rupiah PT Bank Mandiri Persero Tbk - 7.709.000 PT Bank Mandiri Persero Tbk Total 117.017.409 120.765.649 Total Pada tanggal 31 Desember 2013 dan 2012, Kelompok Usaha tidak memiliki kas di bank dan setara kas yang ditempatkan dengan pihak berelasi. As of December 31, 2013 and 2012, the Group has no cash in banks and cash equivalents placed with related parties.