Interest Income Financial Statement 2012

PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011 Figures are Presented in Millions of Rupiah, unless Otherwise Stated - 119 - As Restated - Note 62 December 31, December 31, 2012 2011 Temporary differences: Long term employee benefit expense 173 82 Depreciation expense 1 13 Employee loan - 26 Net 174 69 Permanent differences: Depreciation expense 7,482 3,935 Other expenses 1,957 3,657 Interest income 27 45 Rent income 5,775 1,000 Gain from investment in units of mutual funds 24,976 25,486 Share in net income of the associates 34,704 25,176 General and administrative expenses 14 - Net 56,029 44,115 Fiscal loss 21,249 6,057 Accumulated fiscal losses in prior years 18,476 18,620 Adjustment on fiscal losses based on Tax Assessment Letter year 2010 1,151 - Adjustment on fiscal losses based on Tax Assessment Letter year 2009 - 2,328 Adjustment on fiscal losses year 2011 914 - Uncompensated fiscal losses 856 3,873 Accumulated fiscal losses 36,804 18,476 The Company is in fiscal loss position, thus, no provision for current corporate income tax was made. According to tax regulation, fiscal losses can be carried forward and applied against the taxable income immediately within five 5 years after such fiscal losses were incurred. Based on Tax Assessment Letter No: 000814061005412 dated May 4, 2012, the Company’s fiscal loss for year 2010 have been adjusted from Rp 3,914 to Rp 2,763. Deferred Tax Credited Credited charged in charged in consolidated consolidated statement of statement of December 31, comprehensive December 31, comprehensive December 31, 2010 income 2011 income 2012 Deferred Tax Assets - Net Deferred tax assets liabilities: Fiscal losses 1,006 - 1,006 - 1,006 Long-term employee benefit expense 59 21 80 43 123 Depreciation expense 5 3 8 - 8 Employee loans 20 6 14 - 14 Total - the Company 1,090 18 1,108 43 1,151 Subsidiaries 2,470 12,463 14,933 37,781 52,714 Total 3,560 12,481 16,041 37,824 53,865 Deferred Tax Liabilities - Net Subsidiary 41,992 1,829 43,821 15,686 59,507