TRADE RECEIVABLES Continued 73 financial statement 31 december 2009

PT BAKRIE SUMATERA PLANTATIONS Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009 With Comparative Figures for the Year Ended December 31, 2008 Expressed in Thousand Rupiah, unless otherwise stated 38

9. PIUTANG PLASMA

Lanjutan 9. DUE FROM PLASMA Continued ii. Pembangunan Proyek Kebun Plasma yang dibiayai oleh Danamon sehubungan dengan perjanjian kerjasama antara BPP, Anak perusahaan, Danamon dan beberapa koperasi tertentu Catatan 36c dan 36d. Namun mulai tanggal 6 Maret 1998, proyek ini tidak lagi didanai oleh Danamon tetapi oleh Perusahaan sendiri. ii. The development of Plasma Estate Project was funded by Danamon, in connection with the cooperation agreements between BPP, a Subsidiaries, Danamon and certain cooperatives Note 36c and 36d. However, starting on March 6, 1998, the project has been financed by the Company instead of Danamon. iii. Pembangunan Proyek Kebun Plasma yang dibiayai oleh SNP sehubungan dengan perjanjian kerjasama antara SNP dengan Koperasi Unit Desa Wahana Jaya Catatan 36h. Bunga dibebankan pada proyek kebun plasma. iii. The development of Plasma Estate Project is funded by SNP in line with cooperative agreements between the SNP and Koperasi Unit Desa Wahana Jaya Note 36h. The interest is charged to plasma plantations project. AGW, BPP dan SNP, Anak perusahaan, tidak mencadangkan piutang plasma yang tidak tertagih karena manajemen Anak perusahaan berpendapat bahwa seluruh piutang plasma tersebut masih dapat tertagih. AGW, BPP and SNP, the Subsidiaries, did not provide any allowance for doubtful account since the Subsidiaries’ managements believe that all plasma receivables are collectible. 10. INVESTASI PADA PERUSAHAAN ASOSIASI 10. INVESTMENTS IN ASSOCIATED COMPANIES Akun ini terdiri dari: This account consists of: 31 Desember 2009 December 31, 2009 Akumulasi Bagian Laba Rugi Bersih Perusahaan Asosiasi Accumulated Persentase Biaya Equity in Net Kepemilikan Perolehan Income Loss Nilai Tercatat Percentage of Acquisition of Associated Net Carrying Ownership Cost Companies Value Metode ekuitas: Equity Method: Agri International Agri International Resources Pte. Ltd. 36,54. 393.724.628 10.366.703 404.091.331 Resources Pte. Ltd. Agri Resources B.V. 25,00 167.916.588 24.532.178 143.384.410 Agri Resources B.V. Metode biaya: Cost Method: PT Bakrie Sentosa Persada 13,16 107.190.909 - 107.190.909 PT Bakrie Sentosa Persada PT Multi Persada Gatra Megah 5,22 4.842.000 - 4.842.000 PT Multi Persada Gatra Megah PT United Sumatra Rubber 0,08 511.353 - 511.353 PT United Sumatra Rubber PT Sarana Jambi Ventura 0,03 174.999 - 174.999 PT Sarana Jambi Ventura PT Sarana Sumatera Barat PT Sarana Sumatera Barat Ventura 0,01 44.934 - 44.934 Ventura Jumlah 674.405.411 14.165.475 660.239.936 Total Dikurangi penyisihan atas investasi yang tidak Less allowance for dapat dipulihkan 511.353 - 511.353 unrecoverable investments Bersih 673.894.058 14.165.475 659.728.583 Net PT BAKRIE SUMATERA PLANTATIONS Tbk. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2009 With Comparative Figures for the Year Ended December 31, 2008 Expressed in Thousand Rupiah, unless otherwise stated 39

10. INVESTASI PADA PERUSAHAAN ASOSIASI

Lanjutan

10. INVESTMENTS IN ASSOCIATED COMPANIES

Continued 31 Desember 2008 December 31, 2008 Akumulasi Bagian Laba Rugi Bersih Perusahaan Asosiasi Accumulated Persentase Biaya Equity in Net Kepemilikan Perolehan Loss Nilai Tercatat Percentage of Acquisition of Associated Net Carrying Ownership Cost Companies Value Metode ekuitas: Equity Method: Agri International Agri International Resources Pte. Ltd. 34,68 367.781.943 26.806.984 340.974.959 Resources Pte. Ltd. Agri Resources B.V. 25,00 167.916.588 48.214.591 119.701.997 Agri Resources B.V. PT Bakrie Sentosa Persada 21,50 112.713.000 4.302.750 108.410.250 PT Bakrie Sentosa Persada Metode biaya: Cost Method: PT United Sumatra Rubber 0,08 511.353 - 511.353 PT United Sumatra Rubber PT Sarana Jambi Ventura 0,03 174.999 - 174.999 PT Sarana Jambi Ventura PT Sarana Sumatera Barat PT Sarana Sumatera Barat Ventura 0,01 44.934 - 44.934 Ventura Jumlah 649.142.817 79.324.325 569.818.492 Total Dikurangi penyisihan atas investasi yang tidak Less allowance for dapat dipulihkan 511.353 - 511.353 unrecoverable investments Bersih 648.631.464 79.324.325 569.307.139 Net Agri International Resources Pte. Ltd. AIRPL dan Agri Resources B.V. ARBV mengggunakan kebijakan akuntansi selain yang diterapkan oleh Perusahaan dan Anak perusahaan. Manajemen dari Perusahaan dan Anak yakin bahwa penyesuaian untuk transaksi dan kejadian yang berkaitan tidak praktis dihitung untuk menerapkan metode ekuitas. Agri International Resources Pte. Ltd. AIRPL and Agri Resources B.V. ARBV use accounting policies other than those adopted by the Company and Subsidiaries. The management of the Company and Subsidiaries believe that it is not practicable to calculate adjustments for like transactions and events under similar circumstances in applying the equity method. Pada tanggal 7 Desember 2009, Perusahaan mentransfer seluruh kepemilikannya dalam PT Bakrie Sentosa Persada “BSEP” sebesar 13,16 atau senilai Rp107,19 miliar kepada PT Guntung Idamannusa GIN, Anak perusahaan, sesuai dengan akta Inbreng No. 9 pada tanggal 9 Desember 2009. On December 7, 2009, PT Grahadura Leidong Prima GLP transferred the all of its ownership in PT Bakrie Sentosa Persada “BSEP” of 13.16 or equivalent to Rp107.19 billion to PT Guntung Idamannusa GIN, a Subsidiaries, as notarized by transfer Deed No. 9 dated December 9, 2009. Penambahan modal dilakukan terhadap BSEP oleh IGI B.V. Catatan 36j. kepemilikan GLP terhadap BSEP terdilusi yang sebelumnya 21,5 menjadi 13,16. Karena kepemilikan perusahaan terhadap BSEP hanya 13,16, maka Perusahaan mencatat investasi di BSEP menggunakan metode biaya. GLP mencatat bagian dari saldo rugi BSEP senilai Rp1,22 miliar pada periode berjalan sampai dengan penambahan modal tersebut terjadi. Additional equity injection are made into BSEP by IGI B.V. Note 36j. GLP’s ownership percentage was diluted from the previous 21.5 to 13.16. Due to the fact that the company only has 13.16 shares ownership in BSEP, GLP records its investment in BSEP using the cost method. GLP recorded equity in net loss of BSEP amounting to Rp1.22 billion for the period until such equity injection was made.