NET SALES OPERATING EXPENSES

PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued - 25 - 20. CAPITAL STOCK As of March 31, 2007 by virtue of Notarial Deed No. 28 of Mrs. Kartuti Suntana S,S.H. notary public in Jakarta the company have been increased the Company’s authorized become Rp. 800.000.000 thousand which divided into 6.400.000 thousand shares, with a par value of Rp. 125,- per share, is as follows: 2007 Number Percentage Total Paid-up Name of Stockholder of Shares of Ownership Capital Rp 000 PT Sungai Budi 809,197,198 19.62 101,149,650 PT Budi Sulfat Jaya 612,695,896 14.86 76,586,987 PT Sungai Budi Perkasa 600,000,000 14.55 75,000,000 PT Budi Alam Kencana 400,000,000 9.70 50,000,000 PT Budi Acid Jaya Tbk 29,400,000 0.71 3,675,000 Widarto - President Director 2,104,200 0.05 263,025 Commissioner 2,104,200 0.05 263,025 Santoso Winata - President Public below 5 each 1,668,716,135 40,46 208,589,517 Total 4,124,217,629 100,00 515,527,204 2006 Number Percentage Total Paid-up Name of Stockholder of Shares of Ownership Capital Rp 000 PT Sungai Budi 809,197,198 50.09 101,149,650 Somers Nominees Far East Limited 279,688,500 17.31 34,961,063 Gov of Singapore Inv Corp Pte Ltd 145,132,970 8.98 18,141,621 PT Budi Acid Jaya Tbk 29,400,000 1.82 3,675,000 Widarto - President Director 701,400 0.04 87,675 Commissioner 701,400 0.04 87,675 Oey Alfred - Director 329,000 0.02 41,125 Santoso W inata - President Public below 5 each 350,236,732 21.68 43,779,592 Total 1,615,387,200 100,00 201,923,400

21. NET SALES

The details on net sales are as follows : 2007 2006 Rp 000 Rp 000 Palm and hybrid plantation products and related derivative products 344,900,186 316,888,359 Orange fruits 365,676 616,372 Pineapple fruits 505,460 1,232,486 Total Net Sales 345,771,322 318,737,217 PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued - 26 - 22. COST OF GOODS SOLD The details of cost of goods sold are as follows : 2007 2006 Rp 000 Rp 000 Palm and hybrid plantations products and related derivative products 287,056,541 264,841,266 Orange fruits 3,273,701 1,428,756 Pineapple fruits 606,101 1,372,553 Total Cost of Goods Sold 290,936,343 267,642,575

23. OPERATING EXPENSES

The details of operating expenses are as follows : Selling Expenses 2007 2006 Rp 000 Rp 000 Freight 11,807,926 7,864,219 Export Tax 1,621,032 1,173,105 Other 2,998,047 3,664,376 tal 16,427,004 12,701,700 General And Administrative Expenses 2007 2006 Rp 000 Rp 000 Salaries and benefits 6,542,922 6,169,559 Office expenses 758,596 614,020 Rent 635,151 629,351 Professional fees 342,336 422,988 Insurance 325,359 613,791 Representation 307,549 2,673,882 Travel and transportation 248,806 341,731 Taxes and licenses 221,709 85,120 Other 2,702,990 3,033,903 Total 12,085,418 14,584,345 PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued - 27 - 24. INCOME TAX Tax benefit expense of the Company and its subsidiaries consists of the following: 2007 2006 Rp 000 Rp 000 Current tax 460,089 5,218,653 Deferred tax The Company 2,023,584 96,810 Subsidiaries BTLA 575,576 888,563 BNIL 208,912 399,765 ABM 115,295 39,564 BNCW 86,376 309,689 BDP 54,251 737,628 BSA 26,365 88,864 AKG 3,499 9,249 Total Deffered Tax 3,093,859 599,386 Total Income Tax 3,553,948 4,619,267 Current Tax The details of the Company and its subsidiaries’ current tax are as follows : 2007 2006 Rp000 Rp000 Current Tax Company - 5,218,653 Subsidiary-ABM 333,460 - Subsidiary-BDP 126,629 - 460,089 5,218,653 Less Prepaid Tax : Article 22 - 7,688 Article 23 - 615,727 Article 25 1,268 - TOTAL 1,268 623,415 Taxes Payable : Company - 4,595,238 Subsidiaries : BNIL - - ABM 332,192 - BDP 126,629 - TOTAL 458,820 4,595,238 PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued - 28 - Deferred Tax The details of the Company and its subsidiaries’ deferred tax assets and liabilities are as follows: 2007 2006 Rp 000 Rp 000 Deferred tax assets Company - Subsidiaries AKG 1,908,906 3,411,057 ABM - 40,884 Total 1,908,906 3,451,942 Deferred Tax Liabilities : Company 15,505,706 8,734,612 Subsidiaries : BDP 19,585,510 1,965,896 BNIL 10,951,125 9,850,456 BTLA 6,160,334 3,845,953 BNCW 867,935 471,870 ABM 681,854 - BSA 379,074 301,235 AKG 3,499 Total 54,135,038 25,170,022 25. APPROPRIATION FOR GENERAL RESERVE In the Annual Stockholders’ meeting as documented in Notarial Deed No. 26 dated June 29,2006 of Mrs. Kartuti Suntana Sastraprawira,S.H., notary public in Jakarta, the stockholders’ approved to appropriate Rp 500.000 thousand for general reserve. As of March 31, 2007, the total appropriation for general reserve amounted to Rp 2.500.000 thousand.

26. NATURE OF RELATIONSHIP AND TRANSACTIONS WITH RELATED PARTIES Nature of Relationship