BEBAN PENJUALAN SELLING EXPENSES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 AND 2010 AND FOR THE YEARS THEN ENDED Continued - 84 - b. Pada bulan Mei 2011, Perusahaan mengakuisisi 75,00 saham GPL melalui pembelian 32.147 lembar saham GPL milik pihak ketiga. Perusahaan mengakuimencatat aset dan liabilitas GPL dengan menggunakan nilai wajar aset bersih pada tanggal 31 Mei 2011. b. In May 2011, the Company acquired 75.00 ownership in GPL through the purchase of 32,147 shares from third party. The Company recognized the assets and liabilities of GPL at fair values of the net assets on May 31, 2011. c. Pada bulan Nopember 2011, Perusahaan mengakuisisi 99,93 saham TMI melalui pembelian 1.499 saham dari pihak ketiga. Perusahaan mengakuimencatat aset dan liabilitas TMI dengan menggunakan nilai wajar aset bersih pada tanggal 30 Nopember 2011. c. In November 2011, the Company acquired 99.93 ownership in TMI through the purchase of 1,499 shares from third party. The Company recognized the assets and liabilities of TMI at fair values of the net assets on November 30, 2011. d. Pada bulan Nopember 2011, Perusahaan mengakuisisi 80,00 saham AHT melalui pembelian 1.000 saham dari pihak ketiga. Perusahaan mengakuimencatat aset dan liabilitas AHT dengan menggunakan nilai wajar aset bersih pada tanggal 30 Nopember 2011. d. In November 2011, the Company acquired 80.00 ownership in AHT through the purchase of 1,000 shares from third party. The Company recognized the assets and liabilities of AHT at fair values of the net assets on November 30, 2011. Transaksi akuisisi PGK, GPL, TMI dan AHT dihitung dengan menggunakan nilai wajar aset bersih dengan perincian sebagai berikut: Acquisition transaction of PGK, GPL, TMI and AHT is calculated using the fair value of net assets with details are as follows: PGK GPL TMI AHT Rp000 Rp000 Rp000 Rp000 Aset Assets Kas dan setara kas 1.361.282 247.406 383.025 1.740.519 Cash and cash equivalents Aset real estat 42.696.399 - 149.991.975 60.640.346 Real estate asset Aset tetap - 408.032.354 - - Property and equipment Aset lain-lain 1.464.279 4.955.432 - 1.040.135 Other assets Jumlah 45.521.960 413.235.192 150.375.000 63.421.000 Total Liabilitas Liabilities Liabilitas lain-lain 45.121.960 370.373.192 115.308.866 62.171.000 Other liabilities Aset bersih 400.000 42.862.000 35.066.134 1.250.000 Net assets Goodwill, arus kas keluar masuk bersih dan kontribusi laba rugi bersih yang timbul dari akuisisi dari pihak ketiga adalah sebagai berikut: Goodwill, net cash outflow inflow and contributed net income loss arising from the acquisition from third party are as follows: PGK GPL TMI AHT Rp000 Rp000 Rp000 Rp000 Biaya akuisisi 360.000 32.147.000 35.042.757 1.000.000 Acquisition cost Ditambah: Kepentingan Add: Non-controlling nonpengendali 40.000 10.715.000 23.377 250.000 interests Dikurangi: Nilai wajar aset Less: Fair value of identifiable teridentifikasi yang diperoleh 400.000 42.862.000 35.066.134 1.250.000 net assets acquired Goodwill yang timbul Goodwill arising from dari akuisisi - - - - acquisition Biaya akuisisi 360.000 32.147.000 35.042.757 1.000.000 Acquisition cost Kas dan setara kas Less: Cash and cash diperoleh 1.361.282 247.406 383.025 1.740.518 equivalents acquired Arus kas keluar masuk Net cash outflow inflow on bersih 1.001.282 31.899.594 34.659.732 740.518 acquisition Kontribusi laba rugi bersih 8.281.846 20.115.278 1.910.161 7.218 Contributed net income loss NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 AND 2010 AND FOR THE YEARS THEN ENDED Continued - 85 - e. Pada bulan Agustus 2011, Perusahaan mengakuisisi 99,90 saham PAP dengan nilai perolehan sebesar Rp 164.835.000 ribu, dari PT Indofica Indofica, dan Trihatma Kusuma Haliman, pihak berelasi dan berada dibawah pengendalian yang sama dengan Perusahaan. Nilai buku PAP pada tanggal akuisisi sebesar Rp 71.777.505 ribu. Selisih antara aset bersih yang diakuisisi berdasarkan nilai buku dengan biaya perolehan sebesar Rp 93.057.495 ribu dicatat sebagai selisih transaksi restrukturisasi entitas sepengendali dalam akun ekuitas. e. In August 2011, the Company acquired 99.90 ownership in PAP, with an acquisition cost of Rp 164,835,000 thousand, from PT Indofica Indofica and Trihatma Kusuma Haliman, related parties and an entity under common control. PAP’s book value on acquisition date amounted to Rp 71,777,505 thousand. The difference of Rp 93,057,495 thousand between the fair value of the acquired net assets and the acquisition cost is recorded in equity as difference in value of restructuring transactions among entities under common control. Harga perolehan dibayar dengan arus kas keluar bersih pada saat akuisisi sebesar Rp 161.605.501 ribu setelah dikurangi kas yang diperoleh sebesar Rp 3.229.499 ribu. The acquisition cost was paid in cash and the net cash out flow on acquisition amounted to Rp 161,605,501 thousand, after deducting cash acquired of Rp 3,229,499 thousand. f. Pada bulan September 2011, Perusahaan mengakuisisi secara tidak langsung 52,83 saham PP melalui pembelian saham KGP dengan rincian sebagai berikut: f. In September 2011, the Company acquired 52.83 indirect ownership in PP through the purchase of KGP’s shares, with details as follows: 1. 33,33 saham PP yang dimiliki oleh PT Jakarta Propertindo JAKPRO, pihak ketiga. 1. 33.33 shares of PP owned by PT Jakarta Propertindo JAKPPRO, third party. 2. 19,50 saham PP yang dimiliki oleh PT Saranapratama Arthamandiri SPAM, pihak berelasi. 2. 19.50 shares of PP owned by PT Saranapratama Arthamandiri SPAM, a related party. Perusahaan mengakuimencatat aset dan liabilitas PP yang diperoleh dari SPAM yang merupakan pihak dibawah pengendalian yang sama dengan Perusahaan, sebesar nilai buku, sedangkan yang dibeli melalui JAKPRO diakuidicatat sebesar nilai wajar. The Company recorded PP’s assets and liabilities obtained from SPAM, which is an entity under common control, at book value, while the one acquired from JAKPRO was recorded at fair value. Aset dan liabilitas PP pada tanggal 30 September 2011 adalah sebagai berikut: PP’s assets and liabilities as at September 30, 2011 are as follows: Nilai buku sebelum diakuisisi Book value before Nilai wajar acquisition Fair value Rp000 Rp000 Aset Assets Kas dan setara kas 83.758.519 83.758.519 Cash and cash equivalents Properti investasi 679.833.977 841.828.108 Investment property Aset tetap 28.568.486 28.568.486 Property and equipment Aset lain-lain 30.622.350 30.622.350 Other assets Jumlah 822.783.332 984.777.463 Total Liabilitas Liabilities Utang bank 252.000.000 252.000.000 Bank loan Liabilitas lain-lain 406.200.701 406.200.701 Other liabilities Jumlah 658.200.701 658.200.701 Total Aset bersih 164.582.631 326.576.762 Net assets