Dasar penyusunan laporan keuangan konsolidasian Basis of preparation of the consolidated financial statements

PT BORNEO LUMBUNG ENERGI METAL TBK. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 16 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 MARET 2012, 31 DESEMBER 2011 DAN 31 MARET 2011 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan secara khusus NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2012, 31 DECEMBER 2011 AND 31 MARCH 2011 Expressed in United States Dollar, unless otherwise stated 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Laporan keuangan konsolidasian Grup telah disusun, diselesaikan dan detujui oleh Direksi pada tanggal 31 Mei 2012. The Group’s consolidated financial statements were prepared, finalised and approved by the Board of Directors on 31 May 2012. Berikut ini adalah kebijakan akuntansi penting yang diterapkan dalam penyusunan laporan keuangan konsolidasian Grup sesuai dengan Standar Akuntansi Keuangan di Indonesia. Laporan keuangan konsolidasian ini juga disusun berdasarkan Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan “Bapepam-LK” No. VIII.G.7 mengenai Pedoman Penyajian Laporan Keuangan dan Surat Edaran Ketua Bapepam-LK No. SE-02BL2008 tanggal 31 Januari 2008 mengenai Pedoman Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik Industri Pertambangan Umum dan Keputusan No. KEP-554BL2010 tentang perubahan atas Peraturan No. VIII.G.7. Presented below are the significant accounting policies adopted in preparing the Group’s consolidated financial statements, which are in conformity with Indonesian Financial Accounting Standards. The consolidated financial statements have also been prepared in conformity with Regulation of the Capital Markets and Financial Institutions Supervisory Board “Bapepam-LK” No. VIII.G.7 regarding Guidance for Financial Statement Presentation and Circular Letter of Bapepam-LK Chairman No. SE-02BL2008 dated 31 January 2008 regarding Guidance on the Preparation and Disclosure of Financial Statements of an Issuer or Public Company in the General Mining Industry and Decree No. KEP-554BL2010 regarding amendment to Regulation No. VIII.G.7.

a. Dasar penyusunan laporan keuangan konsolidasian

a. Basis of preparation of the consolidated financial statements

Laporan keuangan konsolidasian disusun berdasarkan konsep harga perolehan, kecuali instrumen keuangan tertentu, yang dicatat sebesar nilai wajarnya. The consolidated financial statements have been prepared on the basis of historical cost, except for certain financial instruments, which are carried at fair value. Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dengan mengklasifikasikan arus kas berdasarkan aktivitas operasi, investasi dan pendanaan. Untuk tujuan laporan arus kas konsolidasian, kas dan setara kas mencakup kas, simpanan yang sewaktu-waktu bisa dicairkan dan investasi likuid jangka pendek lainnya yang memiliki jatuh tempo dalam waktu tiga bulan atau kurang, dikurangi dengan cerukan. The consolidated statements of cash flow is prepared based on the direct method by classifying cash flows on the basis of operating, investing, and financing activities. For the purpose of the consolidated statements of cash flow, cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less, net of bank overdrafts. Kas dan setara kas yang telah ditentukan penggunaannya atau yang tidak dapat digunakan secara bebas tidak digolongkan dalam kas dan setara kas. Seluruh angka dalam laporan keuangan konsolidasian ini, dibulatkan dan disajikan dalam Dolar Amerika Serikat “AS”, kecuali dinyatakan lain. Cash and cash equivalents which have been restricted for certain purposes or which cannot be used freely are not defined as cash and cash equivalents. Figures in the consolidated financial statements are rounded to and stated in United States Dollar “US”, unless otherwise specified. PT BORNEO LUMBUNG ENERGI METAL TBK. DAN ENTITAS ANAKAND SUBSIDIARIES Lampiran 17 Schedule CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 31 MARET 2012, 31 DESEMBER 2011 DAN 31 MARET 2011 Dinyatakan dalam Dolar Amerika Serikat, kecuali dinyatakan secara khusus NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2012, 31 DECEMBER 2011 AND 31 MARCH 2011 Expressed in United States Dollar, unless otherwise stated 2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING lanjutan

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued