Estimated Liability Unearned Premiums and Estimated Liability Claims

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 - 108 - PT Bank Victoria International Tbk Victoria In 2008, ABSM obtained a working capital loan facility from Victoria with maximum facility of Rp 35,000. Interest rate on this loan is 11 per annum. The facility has been extended several times, the latest extension is until June 11, 2013. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the outstanding loan amounted to Rp 9,301, Rp 22,441 and Rp 18,684 with unamortized provision amounting to Rp 42, Rp 121 and nil, respectively. The facility is fiduciary secured by net investment in finance lease Note 8. On March 24, 2011, SMF obtained a revolving working capital credit facility from Victoria with maximum facility of Rp 100,000. The availability of the facility is for 12 months, and this facility has been extended several times, the latest extention on is until March 29, 2013. Interest rates ranging from 10.00 to 10.25 per annum. As of December 31, 2012 and 2011, the oustanding loan amounted to Rp 100,000. The facility is fiduciary secured by consumer financing receivables Note 7. PT Bank Capital Indonesia Tbk Capital On December 16, 2010, SMF obtained a revolving working capital loan facility from Capital with maximum facility of Rp 100,000. The availability of the facility is for 12 months, with interest rates 10.50 per annum. This facility has been extended until December 16, 2013. As of December 31, 2012 and 2011, the outstanding loan amounted to Rp 100,000. The facility is fiduciary secured by factoring receivables Note 9. PT Bank ICBC Indonesia ICBC In 2010, ABSM obtained a fixed loan facilty - on demand from ICBC with maximum facitily of Rp 20,000. The facility has been extended several times, the latest will be available until June 11, 2013. Interest rate of 11 per annum. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the outstanding loan amounted to Rp 19,000, Rp 19,800 and Rp 19,980 with unamortized provision amounting to Rp 42, Rp 100 and 93, respectively. In 2011, ABSM obtained a additional a fixed loan facility – on demand from ICBC with maximum facility of Rp 50,000, and will be available until June 11, 2013. The interest rate is 11 per annum. As of December 31, 2012 and 2011, the outstanding loan amounted to Rp 49,400 and Rp 49,500 with unamortized provision amounting to Rp 104 and Rp 83, respectively. The facility is fiduciary secured by factoring receivables Note 9. PT Bank CIMB Niaga Tbk CIMB Niaga On August 11, 2009, SMF obtained a revolving loan facility from CIMB Niaga with a maximum facility of Rp 50,000. The availability of the facility is for 1 year with interest rate of 13 per annum. The facility has been extended several times, the latest is until November 11, 2012. The interest rates range from 10.25 to 13.00 per annum. This facility has been paid by SMF on November 2012. As of December 31, 2011 and January 1, 2011December 31, 2010, the outstanding loan amounted to Rp 50,000 with unamortized provision amounting to Rp 21 and Rp 230, respectively. 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 - 109 - The facility is fiduciary secured by consumer financing receivables Note 7. The loans obtained by the subsidiares from BNI, Panin, Victoria, Capital, ICBC and CIMB Niaga include requirements that restrict the subsidiares, among others, to conduct merger, acquisition, reorganization, change of business or change their legal status or liquidate the subsidiares, file a petition for bankruptcy or delaying payment of their debts, withdraw or reduce the paid up capital and to guarantee or mortgage shares.

33. Other Liabilities

January 1, 2011 December 31, December 31, December 31, 2012 2011 2010 Immediately payable liabilities 201,367 70,787 42,456 Premiums received still in identification process 87,168 124,323 134,951 Policyholders deposits 55,042 94,217 10,247 Payable to policyholders 13,274 11,868 71,682 Tabarru fund 12,979 557 - Unearned revenues 10,981 15,897 8,842 Margin deposits 3,278 2,801 29,706 Tithe payable 504 376 149 Travellers checks 431 881 1,616 Estimated losses on commitments and contingencies - - 3,537 Negative goodwill-net - - 129,802 Others 54,136 96,127 214,393 Total 439,160 417,834 647,381 Tabarru’ fund is the fund establish from contribution, investment income, and accumulated tabarru’ funds underwriting surplus reserve which is allocated to tabarru fund. As of January 1, 2011December 31, 2010, others include liability of SU, a subsidiary, to third party amounting to Rp 145,000, in connection with the purchase of shares of PT Bintang Rajawali Perkasa by SU and has been repaid in October 2011. As of January 1, 2011December 31, 2010, the balance of negative goodwill includes negative goodwill arising from purchase of shares of AJSM at nominal price by the Company and SU, a subsidiary. The carrying amount of negative goodwill amounting to Rp 129,806 was adjusted to beginning balance of retained earning as of January 1, 2011 Note 63 and carrying amount of positive goodwill amounted Rp 4 was recorded as other assets. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the balance of other liabilities to related parties amounted to Rp 2,131, Rp 946 and Rp 818, respectively Note 53.