PERTIMBANGAN KRITIS AKUNTANSI DAN ESTIMASI AKUNTANSI YANG SIGNIFIKAN

PT. BHAKTI INVESTAMA Tbk DAN ENTITAS ANAK PT. BHAKTI INVESTAMA Tbk AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS THEN ENDED 31 DESEMBER 2011, 2010 DAN 2009 DAN PADA DECEMBER 31, 2011 AND 2010 AND 2009 AND TANGGAL 1 JANUARI 200931 DESEMBER 2008 AS OF JANUARY 1, 2009DECEMBER 31, 2008 Angka dalam tabel dinyatakan dalam jutaan Rupiah - Lanjutan Figures in tables are stated in millions of Rupiah - Continued - 52 - Dana Kelolaan The Fund Management Contract Dana kelolaan merupakan investasi melalui manajer investasi dengan rincian sebagai berikut: The fund management contract represent investment through fund manager with details as follows: 1 Jan 2009 31 Des 2008 Jan 1, 2009 2011 2010 2009 Dec 31, 2008 Targo Finance Limited 258.000 - - - Targo Finance Limited Manhattan Group Ltd 188.664 188.312 90.528 - Manhattan Group Ltd Reliancever Holdings Inc 115.498 131.575 - - Reliancever Holdings Inc GTS Far East Ltd 48.000 48.000 - - GTS Far East Ltd Express Cyber Ltd 40.806 40.336 - - Express Cyber Ltd Herst Investment Ltd 36.838 36.750 10.716 - Herst Investment Ltd Lafite Assets Limitted 23.184 - - - Lafite Assets Limitted Apical Asset Management Pte Ltd - 53.962 - - Apical Asset Management Pte Ltd PT MNC Asset Management - - 465.168 574.279 PT MNC Asset Management PT Danareksa Investment Management - - - 40.191 PT Danareksa Investment Management Jumlah 710.990 498.935 566.412 614.470 Total 31 DesDec 31, Targo Finance Limited Targo, Reliancever Holdings Inc. Reliancever, GTS Far East Ltd GTS, Express Cyber Ltd Express, Herst Investments Ltd Herst dan Lafite Assets Limited Lafite Targo Finance Limited Targo, Reliancever Holdings Inc. Reliancever, GTS Far East Ltd GTS, Express Cyber Ltd Express, Herst Investments Ltd Herst and Lafite Assets Limited Lafite Entitas anak menunjuk Targo, Reliancever, GTS, Express, Herst dan Lafite sebagai manajer investasi untuk melakukan investasi dalam bentuk investasi atas surat berharga, dengan ketentuan apabila hasil investasi lebih tinggi dari target yang disetujui bersama, maka entitas anak dan manajer investasi akan menerima masing-masing 90 dan 10 dari hasil investasi. The subsidaries appointed Targo, Reliancever, GTS, Express, Herst and Lafite as fund managers to invest the fund into marketable securities, with the condition that if the investment outcome is higher than the target agreed by both parties, the subsidiaries and the fund managers shall be entitled to receive 90 and 10, respectively, of the investment outcome derived from the funds. Kontrak dengan Targo dimulai pada tanggal 19 Desember 2011 dan memiliki jangka waktu 1 tahun. Pada tanggal 31 Desember 2011, nilai aset bersih dana tersebut adalah sebesar Rp 258.000 juta. Pada bulan Pebruari 2012, MNC telah mencairkan dana tersebut. The fund management contract with Targo was entered on December 19, 2011 and has a term of 1 year. As of December 31, 2011, the net assets value of the fund amounted to Rp 258,000 million. In February 2012, MNC has redeemed all of the fund. Kontrak dengan Reliancever telah mengalami pembaharuan tanggal 12 Juli 2011 dengan jangka waktu 1 tahun dan akan berakhir 12 Juli 2012. Pada tanggal 31 Desember 2011 dan 2010, nilai aset bersih dana tersebut masing-masing adalah sebesar Rp 115.498 juta dan Rp 131.575 juta. Pada tahun 2012, MNC telah mencairkan investasinya di Reliancever sebesar Rp 19.974 juta. The contract with Reliancever has been amended on July 12, 2011 with a term of 1 year and will mature on July 12, 2012. As of December 31, 2011 and 2010, the net asset value of the fund amounted to Rp 115,498 million and Rp 131,575 million, respectively. In 2012, MNC has redeemed its investment in Reliancever amounting to Rp 19,974 million. Kontrak dengan GTS dimulai pada tanggal 21 Juni 2010 dan memiliki jangka waktu 1 tahun. Berdasarkan amandemen, jangka waktu kontrak diperpanjang hingga 21 Juni 2012. Pada tanggal 31 Desember 2011 dan 2010, nilai aset bersih dana tersebut masing-masing adalah sebesar Rp 48.000 juta. The fund management contract with GTS was entered on June 21, 2010 and has a term of 1 year. Based on amendment, the fund management contract was extended until June 21, 2012. As of December 31, 2011 and 2010, the net asset value of the fund amounted to Rp 48,000 million.