DIVESTASI ENTITAS ANAK DIVESTMENT OF A SUBSIDIARY

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2014 AND DECEMBER 31, 2013 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2014 AND JUNE 30, 2013 UNAUDITED Amounts in tables are expressed in thousands of Rupiah, unless otherwise stated 53 6. PIUTANG USAHA Lanjutan 6. TRADE RECEIVABLES Continued Pada tanggal 30 Juni 2014 dan 31 Desember 2013, seluruh piutang usaha Perusahaan dan beberapa Entitas Anak tertentu yang terdiri dari PT Huma Indah Mekar, PT Air Muring, PT Bakrie Pasaman Plantations, PT Agrowiyana, PT Agro Mitra Madani, PT Grahadura Leidongprima dan PT Monrad Intan Barakat dengan total masing-masing sebesar Rp1,30 triliun dan Rp1,27 triliun digunakan sebagai jaminan atas utang jangka panjang pinjaman dari Credit Suisse, Cabang Singapura dengan fasilitas sampai dengan USD250 juta Catatan 22. As of June 30, 2014 and December 31, 2013, all trade receivables of the Company and certain Subsidiaries consisting of PT Huma Indah Mekar, PT Air Muring, PT Bakrie Pasaman Plantations, PT Agrowiyana, PT Agro Mitra Madani, PT Grahadura Leidongprima and PT Monrad Intan Barakat totaling Rp1.30 trillion and Rp1.27 trillion, respectively, were pledged as collateral for long-term bank loan from Credit Suisse, Singapore Branch with facilities up to USD250 million Note 22. b. Pihak berelasi b. Related party Pada tahun 2013 piutang usaha kepada PT Bakrie Rubber Industry sebesar Rp24 miliar telah dihapuskan. In 2013, trade receivables from PT Bakrie Rubber Industry amounting to Rp24 billion was written-off. 7. PERSEDIAAN 7. INVENTORIES Akun ini terdiri dari: This account consists of: 30 Juni 31 Desember June 30, December 31, 2014 2013 Bahan baku Raw materials Karet 5.205.297 8.652.298 Rubber Tandan buah segar 2.376.397 1.397.597 Fresh fruit bunches Oleo 1.066.950 1.066.950 Oleo Sub-total 8.648.644 11.116.845 Sub-total Barang dalam proses Work-in-process Karet 6.793.080 9.090.565 Rubber Oleo 5.009.675 11.462.111 Oleo Sub-total 11.802.755 20.552.676 Sub-total Barang jadi Finished goods Karet 29.038.570 27.307.958 Rubber Minyak kelapa sawit 20.986.136 16.194.909 Crude palm oil Inti kelapa sawit 9.936.988 6.567.381 Palm kernel Oleo 6.882.902 8.754.001 Oleo Sub-total 66.844.596 58.824.249 Sub-total Bibit tanaman Seedlings Kelapa sawit 13.466.945 10.095.896 Palm oil Karet 10.377.446 10.584.031 Rubber Sub-total 23.844.391 20.679.927 Sub-total Bahan pembantu Materials and supplies Suku cadang dan perlengkapan 27.895.318 27.792.622 Spare parts and supplies Pupuk dan bahan kimia 27.012.207 26.262.191 Fertilizers and chemicals Sub-total 54.907.525 54.054.813 Sub-total Total 166.047.911 165.228.510 Total Dikurangi: Less: Penyisihan persediaan usang 1.721.936 1.721.936 Allowance for inventory obsolescence Neto 164.325.975 163.506.574 Net PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2014 AND DECEMBER 31, 2013 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2014 AND JUNE 30, 2013 UNAUDITED Amounts in tables are expressed in thousands of Rupiah, unless otherwise stated 54 7. PERSEDIAAN Lanjutan 7. INVENTORIES Continued Berdasarkan hasil penelaahan terhadap harga pasar dan kondisi fisik dari persediaan pada tanggal pelaporan, manajemen berkeyakinan bahwa penyisihan tersebut di atas cukup untuk menutup kemungkinan kerugian dari keusangan dan penurunan nilai pasar persediaan. Based on the review of market prices and physical condition of the inventories at the reporting dates, management believes that the above allowance is adequate to cover any possible losses from obsolescence and decline in market values of inventories. Persediaan telah diasuransikan terhadap risiko kebakaran dan risiko lainnya berdasarkan suatu paket polis sebesar masing-masing sebesar Rp553 miliar dan USD2,89 juta setara dengan Rp34,68 miliar pada tanggal 30 Juni 2014 dan Rp17,04 miliar dan USD2,89 juta setara dengan Rp35,32 miliar pada tanggal 31 Desember 2013, dimana menurut pendapat manajemen Kelompok Usaha, berkeyakinan bahwa nilai pertanggungan tersebut cukup untuk menutup kemungkinan kerugian atas risiko tersebut. Inventories are insured against losses from fire and other risks under blanket policies amounting to Rp553 billion and USD2.89 million equivalent to Rp34.68 billion as of June 30, 2014 and Rp17.04 billion and USD2.89 million equivalent to Rp35.32 billion as of December 31, 2013, which in the opinion of the Group’s management, are adequate to cover possible losses arising from such risks. Pada tanggal 30 Juni 2014 dan 31 Desember 2013, persediaan Entitas Anak tertentu yang terdiri dari PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana dan PT Flora Sawita Chemindo dengan total masing-masing sebesar Rp13,92 miliar dan Rp16,04 miliar digunakan sebagai jaminan atas pinjaman jangka panjang yang diperoleh dari PT Bank Mandiri Persero Tbk Catatan 22. As of June 30, 2014 and December 31, 2013, inventories of certain Subsidiaries consisting of PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana and PT Flora Sawita Chemindo totalling Rp13.93 billion and Rp16.04 billion, respectively, were pledged as collateral for long- term loans obtained from PT Bank Mandiri Persero Tbk Note 22. Pada tanggal 30 Juni 2014 dan 31 Desember 2013, persediaan Perusahaan dan Entitas Anak tertentu yang terdiri dari PT Domas Agrointi Prima, PT Agrowiyana, PT Air Muring, PT Grahadura Leidong Prima, PT Huma Indah Mekar, PT Agro Mitra Madani, PT Monrad Intan Barakat dan PT Bakrie Pasaman Plantations dengan total masing-masing sebesar Rp126,91 miliar dan Rp121.95 miliar digunakan sebagai jaminan atas pinjaman jangka panjang yang diperoleh dari Credit Suisse, Cabang Singapura Catatan 22. As of June 30, 2014 and December 31, 2013, inventories of the Company and certain Subsidiaries consisting of PT Domas Agrointi Prima, PT Agrowiyana, PT Air Muring, PT Grahadura Leidong Prima, PT Huma Indah Mekar, PT Agro Mitra Madani, PT Monrad Intan Barakat and PT Bakrie Pasaman Plantations totalling Rp126.91 billion and Rp121.95 billion, respectively, were pledged as collateral for long-term loans obtained from Credit Suisse, Singapore Branch Note 22. 8. ASET LANCAR LAIN-LAIN 8. OTHER CURRENT ASSETS Akun ini terdiri dari: This account consists of: 30 Juni 31 Desember June 30, December 31, 2014 2013 Uang muka kepada pemasok 50.415.528 43.969.444 Advances to suppliers Uang muka kepada kontraktor 788.592 23.927.137 Advances to contractors Uang muka lain-lain 44.146.797 46.215.572 Other advances Total 95.350.917 114.112.153 Total