Piutang Receivables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 32

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

Lanjutan

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Continued h. Persediaan

h. Inventories

Persediaan dinyatakan sebesar nilai yang lebih rendah antara biaya perolehan atau nilai realisasi neto the lower of cost or net realizable value. Biaya perolehan ditentukan dengan metode rata-rata average method. Penyisihan persediaan usang ditentukan berdasarkan hasil penelaahan atas keadaan persediaan pada akhir periode. Inventories are valued at the lower of cost or net realizable value. Cost is determined using the average method. Allowance for inventory obsolescence is provided based on a review of the condition of inventories at the end of the period. i. Beban Dibayar dimuka i. Prepaid Expenses Beban dibayar dimuka diamortisasi selama masa manfaat masing-masing biaya menggunakan metode garis lurus. Prepaid expenses are amortized over the period benefited using the straight-line method.

j. Piutang Plasma

j. Due from

Plasma Plasma merupakan kebijakan Pemerintah Indonesia berkaitan dengan kerjasama pengembangan perkebunan. Sebagai pihak inti, Entitas Anak tertentu berkewajiban untuk melatih dan mengawasi Plasma dan membeli hasil perkebunan milik Plasma. Plasma is a policy of the Government of Indonesia in connection with the development of plantations. Certain Subsidiaries, being a major part of the project, are required to train and control the Plasma project, as well as purchase Plasma plantation crops. Piutang plasma merupakan biaya-biaya yang dikeluarkan untuk pengembangan perkebunan plasma yang meliputi pengeluaran yang dibiayai oleh bank dan yang sementara dibiayai oleh Perusahaan menunggu pendanaan dari bank. Due from Plasma represents costs incurred for plasma plantation development which include costs for plasma plantations funded by banks and temporarily being self-funded by the Company awaiting bank funding. Piutang plasma juga termasuk pinjaman talangan kredit, pinjaman pupuk serta sarana produksi pertanian lainnya kepada petani. Biaya-biaya ini akan ditagihkan kembali ke petani plasma. Due from Plasma also includes advances to plasma farmers for topping up loan installments to banks, advances on fertilizers and other agricultural supplies. These costs will be reimbursed by the plasma farmers.

k. Investasi pada Entitas Asosiasi dan Entitas

Pengendali k. Investments in Associates and Jointly-Controlled Entities Entitas asosiasi adalah suatu entitas, dimana Kelompok Usaha mempunyai pengaruh signifikan dan bukan merupakan entitas anak Catatan 2b maupun bagian partisipasi dalam ventura bersama. Kepemilikan, secara langsung maupun tidak langsung, 20 atau lebih hak suara investee dianggap pemilikan pengaruh signifikan, kecuali dapat dibuktikan dengan jelas hal yang sebaliknya. An associate is an entity, over which the Group has significant influence and that is neither a subsidiary Note 2b nor an interest in a joint venture. Direct or indirect ownership of 20 or more of the voting power of an investee is presumed to be an ownership of significant influence, unless it can be clearly demonstrated that this is not the case. PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 33

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING