PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
9
1. GENERAL continued
b.
Subsidiaries continued
The Company’s investment in Subsidiaries after above mentioned acquisitions consist of the following:
Total assets Percentage of ownership before elimination
interest in million Rp
Comercial Subsidiaries
Operations 2007
2006 2007
2006
PT Telaga Hikmah Telaga Hikmah” 1998
99.45 99.45 251.119
203.840 PT Aek Tarum Aek Tarum”
1992 99.00
99.00 147.406 157.316
PT Gunung Tua Abadi Gunung Tua Abadi” 1999
98.97 98.97
84.922 41.737
PT Mutiara Bunda Jaya Mutiara Bunda Jaya” 2001
99.01 99.01 124.450
142.885 PT Binasawit Makmur “Binasawit Makmur”
1999 99,00
99,00 53.707
48.233 PT Sawit Selatan ‘Sawit Selatan”
99,00 -
200 -
PT Sungai Menang “Sungai Menang” 99,00
- 228
- PT Tania Binatama “Tania Binatama”
99,00 -
204 -
PT Selatanjaya Permai “Selatanjaya Permai” 99,00
- 200
- PT Usaha Agro Indonesia “Usaha Agro Indonesia”
99,00 -
298 -
PT Pertiwi Lenggara Agromas “Pertiwi Lenggara Agromas”
99,00 -
314 -
Palma Agro Limited, Republic of Seychelles “Palma
agro” 100,00
- 504.540
-
Palma Agro directly owns shares In the following subsidiary:
PT Sungai Rangit “Sungai
Rangit”
1997 93.60
- 475.810 -
Company still in development stage
Summary of operational activities in Subsidiaries:
Maximum capacity of palm oil mill tonnes of fresh fruit
Subsidiaries Activities
bunches per hour
Aek Tarum Oil palm and rubber plantations and
palm oil mill operations 60
Mutiara Bunda Jaya Oil palm plantations and palm oil mill operations
80 Telaga Hikmah
Oil palm plantations and palm oil mill operations 60
Sungai Rangit Oil palm plantations and palm oil mill operations
30 Gunung Tua Abadi
Oil palm plantations -
Binasawit Makmur Oil palm plantations and oil palm seedling
- Palma Agro
Holding company and management services -
Rubber plantations and oil palm seedlings production are located in South Sumatera, while oil palm plantations and palm oil mills are located in South Sumatera and Central Kalimantan.
PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
10
1. GENERAL continued
