Securities Purchased Under Agreements to Resell

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 - 76 - January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Third parties Rupiah 1,132,480 317,834 133,175 Foreign currency Note 54 50,574 9,068 - Total 1,183,054 326,902 133,175 Total 1,252,943 438,523 198,833 Deferred factoring income 6,410 6,023 6,095 Allowance for impairment losses 3,170 7,637 5,180 Net 1,243,363 424,863 187,558 Interest rate per annum Rupiah 6.0 - 21.0 11.5 - 21.0 15.0 - 21.0 Foreign currency 9.0 8.0 - 9.5 8.0 - 12.0 b. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, there are factoring receivables which are pledged as collateral in relation to loans received Note 32. c. The details of factoring receivables based on maturity are as follows: January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Past due 48,988 37,463 20,815 Not past due 1,203,955 401,060 178,018 Total 1,252,943 438,523 198,833 d. The changes in allowance for impairment losses are as follows: January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Balance at the beginning of the year 7,637 5,180 5,967 Adjustment resulting from adoption of PSAK No. 55 Revised 2006 Note 63 - - 317 Provisions during the year 1,251 2,552 1,926 Write-off during the year 5,718 95 3,030 Balance at the end of the year 3,170 7,637 5,180 Management believes that the allowance for impairment losses is adequate to cover the losses which might arise from uncollectible factoring receivables. e. During 2012 and 2011, SMF and ABSM, subsidiaries, engaged in transfer of factoring receivables transactions on a without recourse basis to a third party, with SMS, a subsidiary, as the investment manager. The collection of receivables transferred is being done by SMF and ABSM. 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 - 77 -

10. Segregated Funds Net Assets - Unit Link

January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Assets Investments Bonds Related party Rupiah Bumi Serpong Damai II2006 - - 3,000 Third parties Rupiah Fortis 16,156 15,413 14,299 Government Bonds RI FR27 4,618 4,531 4,443 Government Bonds RI FR23 - 5,914 5,879 Merrill Lynch - 17,973 16,850 Total - Third parties 20,774 43,831 41,471 Total - Bonds 20,774 43,831 44,471 Shares Third parties Rupiah PT United Tractors Tbk 7,397 9,894 7,973 PT Bank Mandiri Persero Tbk 8,594 7,162 6,207 PT Astra Internasional Tbk 4,636 4,514 3,327 PT Bank Central Asia Tbk 3,167 2,784 2,227 PT Bank Pan Indonesia Tbk 2,445 3,027 4,424 PT Telekomunikasi Indonesia Tbk 2,367 1,844 2,079 PT Bank Rakyat Indonesia Persero Tbk 2,328 2,261 1,759 PT Perusahaan Gas Negara Persero Tbk 2,519 1,738 2,423 PT Tambang Batubara Bukit Asam Tbk 1,216 1,397 1,847 PT Holcim Indonesia Tbk 1,666 1,250 1,293 PT International Nickel Indonesia Tbk 633 862 1,314 Others below Rp 1,000 each 1,447 1,175 1,199 Total - shares 38,415 37,908 36,072 Units of mutual funds Related parties Rupiah Danamas Stabil 46,307 41,155 29,810 Foreign currency Danamas Dollar 156 142 23,510 Total 46,463 41,297 53,320