Taxes payable PT. Bayan Resources Tbk - Prospectus

Schedule 531 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

10. TAXATION continued b. Taxes payable continued

31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Subsidiaries Income tax—article 23 . . . . . . . . . . . . . . . . . . . . 4,020 2,461 7,723 4,450 4,589 Value Added Tax . . . . . . . . . . . . . . . . . . . . . . . . 3,381 1,966 5,249 2,424 2,678 Income tax—article 21 . . . . . . . . . . . . . . . . . . . . 2,086 966 2,994 711 561 Income tax—article 26 . . . . . . . . . . . . . . . . . . . . 1,044 1,844 5,780 6,119 4,319 Income tax—article 29 . . . . . . . . . . . . . . . . . . . . 142 6,447 829 13,582 4,423 Income tax—article 42 . . . . . . . . . . . . . . . . . . . 118 — 46 5 39 Income tax—article 15 . . . . . . . . . . . . . . . . . . . . 3 8 284 20 14 Income tax—article 25 . . . . . . . . . . . . . . . . . . . . — 285 772 — — 10,794 13,977 23,677 27,311 16,623 48,152 44,014 109,082 59,444 19,947

c. Income tax expense

31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated The Company —Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,196 26,830 107,495 33,957 3,322 —Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 1,196 26,830 107,495 33,957 3,322 Subsidiaries —Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 879 822 405 9,814 122 —Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,081 13,285 4,989 20,301 38,422 4,960 14,107 5,394 30,115 38,544 Consolidated —Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,075 27,652 107,900 43,771 3,444 —Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,081 13,285 4,989 20,301 38,422 6,156 40,937 112,889 64,072 41,866 The calculation of current corporate income tax expense is as follows: 31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Consolidated profit before income tax . . . . . . . . 25,201 141,075 367,765 185,152 123,540 Adddeduct: Consolidation eliminations . . . . . . . . . . . . . . . . . 40,175 4,168 60,841 33,111 1,996 Profit before income tax—subsidiaries . . . . . . . . 36,144 45,953 5,277 112,953 115,545 Profit before income tax—the Company . . . . . . 29,232 99,290 301,647 105,310 5,999 F-48 Schedule 532 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

10. TAXATION continued c. Income tax expense continued