73 financial statement 31 maret 2011

The original consolidated financial
statements included herein are
in Indonesian language

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN/AND SUBSIDIARIES
LAPORAN KEUANGAN INTERIM KONSOLIDASIAN/
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))/
THREE MONTHS PERIOD ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
AND THE YEAR ENDED 31 DECEMBER 2010 (AUDITED)
(With Comparative Figures 31 December 2009(Audited))
DAN/AND
LAPORAN AKUNTAN INDEPENDEN/
INDEPENDENT ACCOUNTANTS’ REPORT

The original interim consolidated financial statements included herein are
in Indonesian language

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
AND THE YEAR ENDED
31 DECEMBER 2010 (AUDITED)
(With Comparative Figures 31 December 2009 (Audited))

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN KEUANGAN INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))

DAFTAR

CONTENTS

ISI

Directors’ Statement

Pernyataan Direksi

Independent Accountants’ Report

Laporan Akuntan Independen
Ekshibit/
Exhibit
Laporan Posisi Keuangan Interim Konsolidasian

A

Interim Consolidated Statements of Financial Position

Laporan Laba Rugi Komprehensif Interim Konsolidasian

B

Interim Consolidated Statements of Comprehensif Income

Laporan Perubahan Ekuitas Interim Konsolidasian

C

Interim Consolidated Statements of Changes in Equity

Laporan Arus Kas Interim Konsolidasian

D

Interim Consolidated Statements of Cash Flows

Catatan atas Laporan Keuangan Interim Konsolidasian

E

Notes to The Interim Consolidated Financial Statements

The original interim consolidated financial statements included herein are
in Indonesian language

Exhibit A

Ekshibit A

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
31 MARCH 2011 AND 2010 (UNAUDITED)
AND 31 DECEMBER 2010 (AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN POSISI KEUANGAN
INTERIM KONSOLIDASIAN
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

31 Maret
2011/
31 March
2011

2010‘
31 Desember/

31 Maret/
31 December 2)
31 March 2)

1 Januari
2010 atau
31 Desember
2009/
1 January
2010 or
31 December
20091) 2)
A S S E T S

A S E T
ASET LANCAR
Kas dan setara kas
Investasi pada efek
Piutang usaha
Pihak ketiga – setelah dikurangi

penyisihan kerugian penurunan nilai
sebesar Rp 3.378.644
masing-masing pada 31 Maret 2011,
31 Desember 2010, 31 Maret 2010
dan 31 Desember 2009
Pihak berelasi – setelah dikurangi
penyisihan kerugian penurunan nilai
sebesar Rp 24.000.000 masingmasing pada 31 Maret 2011,
31 Desember 2010, 31 Maret 2010
dan 31 Desember 2009
Piutang lain-lain
Pihak ketiga – setelah dikurangi
penyisihan kerugian penurunan nilai
sebesar Rp 9.408.369 masing-masing
pada 31 Maret 2011, 31 Desember
2010, 31 Maret 2010 dan
31 Desember 2009
Pihak berelasi
Persediaan – setelah dikurangi
penyisihan persediaan usang

sebesar Rp 203.099
masing-masing pada 31 Maret 2011,
31 Desember 2010, 31 Maret 2010
dan 31 Desember 2009
Pajak dibayar di muka
Biaya dibayar di muka
Aset lancar lain-lain
Jumlah Aset Lancar
1)

2)

2d,2e
2d,2e,2f,34b

54.394.467
159.000.455

22.083.616
277.031.555

17.684.782
14.467.795

2g,7
2z,33a
2h
8

271.907.298
56.001.927
12.598.421
81.845.692

200.073.120
35.151.846
26.329.057
87.611.432

171.263.335

58.666.555
5.024.995
2.410.885.512

CURRENT ASSETS
Cash and cash equivalents
Investment in marketable securities
Trade receivables
Third parties – net of allowance for
impairment losses of Rp 3,378,644
on 31 March 2011,
31 December 2010,
31 March 2010 and
143.154.819
31 December 2009, respectively
Related party – net of allowance for
Impairment losses of Rp 24,000,000
on 31 March 2011, 31 December
2010, 31 March 2010 and
31 December 2009,

respectively
Other receivables
Third parties – net of allowance for
impairment losses of Rp 9,408,369
on 31 March 2011,
31 December 2010,
31 March 2010 and
9.152.228
31 December 2009, respectively
81.676.019
Related parties
Inventories – net of
allowance for
inventory obsolescence of Rp 203,099
on 31 March 2011, 31 December 2010,
31 March 2010 and
108.785.887
31 December 2009, respectively
11.224.917
Prepaid taxes
3.193.877
Prepaid expenses
114.865.600
Other current assets

1.480.083.177

1.788.214.165

3.892.174.624

666.219.885

2c,2d,2y,4
2d,2y,5,34g

289.353.460
360.767.074

329.768.431
605.594.159

545.136.731
455.347.368

2d,2e,2y,6b

194.214.383

204.570.949

213.697.551

2d,2e,2f,2y,
6a,34a

-

-

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan
Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas
Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro
Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret,
April, Mei, Juni dan Desember 2010 (Catatan 1c).
Disajikan kembali

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan
Interim Konsolidasian secara keseluruhan

-

167.303.590
26.862.948

Total Current Assets

1)

Excluding the accounts of Agri International Resources Pte. Ltd.,
PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca
Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas
Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the
Company and Subsidiaries in March, April, May, June and December 2010
(Note 1c).

2)

Restated

See accompanying Notes to the Interim Consolidated Financial Statements on
Exhibit E which are an integral part of the Interim Consolidated Financial
Statements taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language

Exhibit A/2

Ekshibit A/2

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
31 MARCH 2011 AND 2010 (UNAUDITED)
AND 31 DECEMBER 2010 (AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN POSISI KEUANGAN
INTERIM KONSOLIDASIAN
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

31 Maret
2010
31 March
2011

2010
31 Desember/
31 Maret/
31 December 2)
31 March 2)

1 Januari
2010 atau
31 Desember
2009/
1 January
2010 or
31 December
2009 1) 2)
A S S E T S

A S E T

1.792.018.731
118.925.769
309.127.308
653.071

1.614.788.448
104.842.635
318.264.471
653.071

1.660.498.020
88.300.647
24.419.047
-

266.472.346
56.780.923
18.259.296
547.475.741

305.708.697

305.708.697

302.648.131

112.252.842

1.585.452.089
1.989.240.000

1.562.540.134
1.899.635.422

1.243.250.059
930.463.992

1.014.197.337
517.148.550

7.062.361.068

7.086.613.645

887.741.354

687.480.880

2.904.951.780
59.005.388
548.658.795

2.904.951.780
58.680.458
662.021.629

2.356.351.815
47.487.919
671.582.145

458.510.103
47.433.197
616.748.522

54.494.726
43.298.464
87.335.369

55.187.692
77.928.741
62.226.151

48.353.482
51.536.272

29.454.995
33.023.544
339.152

NON-CURRENT ASSETS
Due from related parties – net of
allowance for impairment losses of
Rp 3.149.362 on 31 March 2011,
31 December 2010, 31 March 2010
and 31 December 2009, respectively
Due from plasma
Deferred tax assets – Net
Investments in associates
Investments in equity securities- net of
allowance for unrecoverable
investments of Rp 511,353 on
31 March 2011, 31 December 2010,
31 March 2010 and 31 December 2009
respectively
Plantations
Mature plantations - net of
accumulated depreciation of
Rp 645,434,208, Rp 630,431,331,
Rp 548,987,939 and Rp 347,700,684
on 31 March 2011,
31 December 2010,
31 March 2010 and
31 December 2009, respectively
Immature plantations
Fixed assets – net of accumulated
depreciation of Rp 930,749,992,
Rp 901,075,377, Rp 545,013,396 and
Rp 371,761,734 on 31 March 2011,
31 December 2010, 31 March 2010
and 31 December 2009, respectively
Goodwill – net of accumulated
amortization of Rp 504,085,789,
Rp 504,085,789, Rp 199,031,012 and,
Rp 72,610,089 on 31 March 2011,
31 December 2010, 31 March 2010
and 31 December 2009, respectively
Restricted funds
Business development projects
Deferred cost of land rights net of accumulated amortization
of Rp 23,662,894, Rp 22,969,928
Rp 18,718,606 and Rp 6,262,321 on
31 March 2011, 31 December 2010
31 March 2010 and
31 December 2009, respectively
Estimated claims for tax refund
Other non-current assets

Jumlah Aset Tidak Lancar

16.861.231.255

16.714.042.974

8.312.632.883

4.405.577.428

Total Non-Current Assets

JUMLAH ASET

18.341.314.432

18.502.257.139 12.204.807.507

5.071.797.313

TOTAL ASSETS

ASET TIDAK LANCAR
Piutang pihak berelasi - setelah dikurangi
penyisihan kerugian penurunan nilai
sebesar Rp 3.149.362 masing-masing
pada 31 Maret 2011, 31 Desember 2010,
31 Maret 2010 dan 31 Desember 2009 2d,2e,2f,34c
Piutang plasma
2d,2e,2i,9
Aset pajak tangguhan - Bersih
2z,33d
Investasi pada perusahaan asosiasi
2b,10a,34f
Investasi pada efek ekuitas – setelah
dikurangi penyisihan atas investasi yang
tidak dapat dipulihkan sebesar
Rp 511.353 masing-masing pada
31 Maret 2011, 31 Desember 2010
31 Maret 2010 dan 31 Desember 2009
2d,10b
Tanaman perkebunan
2j,2l,2t
Tanaman menghasilkan – setelah
dikurangi akumulasi penyusutan
sebesar Rp 645.434.208,
Rp 630.431.331 Rp 548.987.939
dan Rp 347.700.684 masing-masing
pada 31 Maret 2011,
31 Desember 2010, 31 Maret 2010
dan 31 Desember 2009
11a
Tanaman belum menghasilkan
11b
Aset tetap – setelah dikurangi akumulasi
penyusutan sebesar Rp 930.749.992,
Rp 901.075.377, Rp 545.013.396 dan
Rp 371.761.734 masing-masing pada
31 Maret 2011, 31 Desember 2010,
2k,2l,
31 Maret 2010 dan 31 Desember 2009
2r,2t,12
Goodwill – setelah dikurangi akumulasi
amortisasi sebesar Rp 504.085.789,
Rp 504.085.789, Rp 199.031.012 dan
Rp 72.610.089 masing-masing pada
31 Maret 2011, 31 Desember 2010,
31 Maret 2010 dan 31 Desember 2009
2b,2l,3,13
Dana dalam pembatasan
2d,2m,14
Proyek pengembangan usaha
2n,15
Beban tangguhan hak atas tanah - setelah
dikurangi akumulasi amortisasi
sebesar Rp 23.662.894, Rp 22.969.928,
Rp 18.718.606 dan Rp 6.262.321
masing-masing pada 31 Maret 2011,
31 Desember 2010, 31 Maret 2010 dan
31 Desember 2009
2o,16
Taksiran tagihan kelebihan pajak
2z,33b
Aset tidak lancar lain-lain

1)

2)

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan
Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas
Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro
Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret,
April, Mei, Juni dan Desember 2010 (Catatan 1c).
Disajikan kembali

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan
Interim Konsolidasian secara keseluruhan

1)

Excluding the accounts of Agri International Resources Pte. Ltd.,
PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca
Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas
Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the
Company and Subsidiaries in March, April, May, June and December
2010 (Note 1c).

2)

Restated
See accompanying Notes to the Interim Consolidated Financial Statements
on Exhibit E which are an integral part of the Interim Consolidated Financial
Statements taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language

Exhibit A/3

Ekshibit A/3

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
31 MARCH 2011 AND 2010 (UNAUDITED)
AND 31 DECEMBER 2010 (AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN POSISI KEUANGAN
INTERIM KONSOLIDASIAN
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

31 Maret
2011/
31 March
2011

Catatan/
Notes

2010
31 Desember/
31 Maret/
31 December2)
31 March 2)

1 Januari
2010 atau
31 Desember
2009/
1 January
2010 or
31 December
2009 1) 2)
LIABILITIES

LIABILITAS
173.309.100

134.865.000

273.450.000

141.000.000

362.236.226
69.329.018
66.355.550
426.116.653
556.403.747
1.561.366
115.200.264

349.151.479
796.106
29.838.303
329.789.165
527.336.051
1.561.366
192.630.382

133.870.940
1.051.840
28,445,803
231.497.081
155.070.090
1.528.313
71.428.324

181.939.282
6.177.447
81.039.960
81.865.179
1.528.313
163.560.829

156.804.983
1.670.911
1.578.349.145

145.333.221
1.782.086
1.629.456.557

28.316.180
1.972.537
-

2.183.689
207.537
-

CURRENT LIABILITIES
Short-term bank loan
Trade payables
Third parties
Related parties
Other payables – Third parties
Accrued expenses
Taxes payable
Dividends payable
Advances on sales
Current maturities of
long-term debts:
Long-term loans
Lease payable
Bonds payable

3.507.336.963

3.342.539.716

926.631.108

659.502.236

Total Current Liabilities

56.339.574
26.543.194

212.576.110
57.978.815
26.641.917

88.782.973
34.957.628
32.440.393

100.547.650
20.591.307
20.135.396

5.016.574.817
625.328
1.283.046.733

5.024.694.264
958.850
1.289.609.975

747.758.227
2.242.814
2.675.607.495

143.839.551
172.426
1.456.267.459

NON-CURRENT LIABILITIES
Due to related parties
Deferred tax liabilities – Net
Employee benefits obligation
Long-term debts – net of
current maturities:
Long-term loans
Lease payable
Bonds payable

Jumlah Liabilitas Jangka Panjang

6.383.129.646

6.612.459.931

3.581.789.530

1.741.553.789

Total Non-Current Liabilities

Jumlah Liabilitas

9.890.466.609

9.954.999.647

4.508.420.638

2.401.056.025

LIABILITAS JANGKA PENDEK
Hutang bank jangka pendek
Hutang usaha
Pihak ketiga
Pihak berelasi
Hutang lain-lain – Pihak ketiga
Beban masih harus dibayar
Hutang pajak
Hutang dividen
Uang muka penjualan
Hutang jangka panjang jatuh tempo
dalam satu tahun:
Pinjaman jangka panjang
Hutang sewa pembiayaan
Hutang obligasi

2d,2y,17
2d
2y,18
2f,34d
2d
2d,19
2z,33c
2p,20
21

2d,2y,22
2d,2r,22
2d,2s,2y,24

Jumlah Liabilitas Jangka Pendek
LIABILITAS JANGKA PANJANG
Hutang pihak berelasi
Liabilitas pajak tangguhan - Bersih
Liabilitas imbalan kerja
Hutang jangka panjang setelah dikurangi
bagian jatuh tempo dalam satu tahun:
Pinjaman jangka panjang
Hutang sewa pembiayaan
Hutang obligasi

EKUITAS
Ekuitas yang dapat diatribusikan kepada
pemilik Perusahaan induk
Modal saham – nilai nominal Rp 100
(Rupiah penuh) per saham
Modal dasar – 15.000.000.000 saham
Modal ditempatkan dan disetor penuh
- 13.553.772.676 saham,
13.553.772.676 saham,
13.242.739.270 saham dan
3.787.996.935 saham masingmasing pada 31 Maret 2011,
31 Desember 2010, 31 Maret
2010 dan 31 Desember 2009
Tambahan modal disetor – Bersih
Selisih nilai transaksi
restrukturisasi entitas
sepengendali
Saham beredar yang diperoleh kembali
Selisih kurs karena penjabaran laporan
keuangan
Saldo laba

2d,2f,34e
2z,33d
2q,23

2d,2y,22
2d,2r,22
2d,2s,2y,24

25a
2u,26

1.355.377.268
5.489.625.413

2b
2v,25b

(
(

2b,2y,27

(

Sub-Jumlah
Kepentingan Non-Pengendali
Jumlah Ekuitas – Bersih
JUMLAH LIABILITAS DAN EKUITAS

1.355.377.268
5.489.625.413

22.029.000 ) (
1.996.490 ) (

(

378.799.694
1.572.235.622

22.029.000 ) (
1.996.490 ) (

22.029.000 ) (
1.996.490 ) (

22.029.000 )
1.996.490 )

127.739.088 ) (
30.621.780 ) (
1.757.674.483
1.528.053.052

3.902.331 ) (
837.128.455

18.986.164 )
761.819.508

EQUITY
Attributable equity to owners
of the parent Company
Share capital – par value of Rp 100
(full Rupiah) per share
Authorized – 15,000,000,000 shares
Issued and fully paid - 13,553,772,676
shares, 13,553,772,676 shares,
13,242,739,270 shares and
3,787,996,935 shares
on 31 March 2011,
31 December 2010,
31 March 2010 and
31 December 2009, respectively
Additional paid-in capital – Net
Difference in value from restructuring
transactions with entities
under common control
Treasury shares
Exchange differences due to financial
statements translations
Retained earnings

8.318.408.463

7.623.099.974

2.669.843.170

Sub-Total

228.849.029

73.286.895

898.118

Non-Controlling Interests

8.450.847.823

8.547.257.492

7.696.386.869

2.670.741.288

Total Equity – Net

18.341.314.432

18.502.257.139

12.204.807.507

5.071.797.313

TOTAL LIABILITIES AND EQUITY

8.450.912.586
2b

1.324.273.927
5.489.625.413

Total Liabilities

64.763 )

1)

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan Barakat,
PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT
Domas
Sawitinti
Perdana,
PT
Flora
Sawita
Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa
yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret, April, Mei, Juni dan
Desember 2010 (Catatan 1c).

1)

2)

Disajikan kembali

2)

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan
Keuangan Interim Konsolidasian secara keseluruhan

Excluding the accounts of Agri International Resources Pte. Ltd., PT Monrad
Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT
Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita
Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima and PT
Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries
in March, April, May, June and December 2010 (Note 1c).
Restated

See accompanying Notes to the Interim Consolidated Financial Statements
on Exhibit E which are an integral part of the Interim Consolidated Financial
Statements taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language

Exhibit B

Ekshibit B

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN LABA RUGI KOMPREHENSIF INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)
2011
(Tiga Bulan/
Three Months)

2010
(Tiga Bulan/
Three Months)

Catatan/
Notes

1)

1.141.773.816

2x,28

552.871.842

NET SALES

BEBAN POKOK PENJUALAN

718.754.490

2x,29

333.807.360

COST OF GOODS SOLD

LABA KOTOR

423.019.326

219.064.482

GROSS PROFIT

PENJUALAN BERSIH

Laba selisih kurs – Bersih
Beban penjualan
Beban umum dan administrasi
Rugi penghapusan tanaman perkebunan
Bagian laba bersih perusahaan asosiasi
Amortisasi goodwill
Lain-lain – Bersih

(
(
(

(

LABA USAHA
Penghasilan bunga
Beban bunga dan keuangan

146.584.780
49.937.138
83.793.126
1.426.003
2.036.289

)
)
)

)

2y
2x,30
2x,30
11a
2b,10a
2b,13
32

(
(
(
(
(

432.411.550

(

LABA SEBELUM BEBAN PAJAK PENGHASILAN

10.479.803
117.057.818 )

46.528.871
10.087.284
57.663.801
611.545
21.231.134
22.956.551
4.684.554

)
)
)
)
)

190.820.752

31

(

325.833.535

765.089
92.479.825 )
99.106.016

Gain on foreign exchange – Net
Selling expenses
General and administrative expenses
Loss on written-off of plantations
Equity in net income of associates
Amortization of goodwill
Miscellaneous – Net
OPERATING INCOME
Interest income
Interest and financial expenses
INCOME BEFORE INCOME TAX EXPENSES

BEBAN PAJAK PENGHASILAN
Kini
Tangguhan

(
(

86.146.469 )
8.342.604 )

(
(

28.686.258 )
5.601.265 )

INCOME TAX EXPENSES
Current
Deferred

Jumlah Beban Pajak Penghasilan

(

94.489.073 )

(

34.287.523 )

Total Income Tax Expenses

2z,33d

LABA BERSIH PERIODE BERJALAN
Jumlah Pendapatan komprehensif lain

231.344.462
(

97.117.308 )

64.818.493

NET INCOME CURRENT PERIOD

15.083.833

Total others comprehensive income

JUMLAH PENDAPATAN KOMPREHENSIF
PERIODE BERJALAN

134.227.154

79.902.326

TOTAL COMPREHENSIVE INCOME
CURRENT PERIOD

Laba bersih yang dapat diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non-Pengendali

229.621.431
1.723.031

64.413.737
404.756

Net income attributable to:
Owners of the parent entity
Non-Controlling Interests

Jumlah

231.344.462

64.818.493

Total

Jumlah pendapatan komprehensif yang dapat
diatribusikan kepada:
Pemilik Entitas Induk
Kepentingan Non-Pengendali

132.504.123
1.723.031

79.497.570
404.756

Total comprehensive income
atributableto:
Owners of the parent entity
Non-Controlling Interests

Jumlah

134.227.154

79.902.326

Total

LABA BERSIH PER SAHAM DASAR
(DALAM RUPIAH PENUH)

22,59

2aa,35

6,39

BASIC EARNINGS PER SHARE
(IN FULL RUPIAH)

LABA BERSIH PER SAHAM DILUSIAN
(DALAM RUPIAH PENUH)

21,17

2aa,35

5,81

DILUTED EARNINGS PER SHARE
(IN FULL RUPIAH)

1)

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan
Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas
Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro
Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret,
April, Mei, Juni dan Desember 2010 (Catatan 1c).

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan
Keuangan Interim Konsolidasian secara keseluruhan

1)

Excluding the accounts of Agri International Resources Pte. Ltd.,
PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca
Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas
Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the
Company and Subsidiaries in March, April, May, June and December
2010 (Note 1c).

See accompanying Notes to the Interim Consolidated Financial Statements
on Exhibit E which are an integral part of the Interim Consolidated Financial
Statements taken as a whole

The original consolidated financial statements included herein are
in Indonesian language
Exhibit C

Ekshibit C
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk DAN ANAK PERUSAHAAN
LAPORAN PERUBAHAN EKUITAS INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes
Saldo per 1 Januari 2010
Disajikan sebelumnya 1)
Dampak penerapan
awal PSAK No. 50 dan 55

Tambahan
Modal
disetor Bersih/
Additional
paid-in
capital – Net

378.799.694
2d,40

Setelah penyesuaian
Selisih kurs karena
penjabaran laporan
keuangan

Modal saham
ditempatkan
dan disetor
penuh/
Share capital
issued and
fully paid

1.572.235.622 (

-

-

378.799.694

2b,2y

Penerbitan saham

25

Biaya penerbitan saham

26

1.572.235.622 (

-

-

945.474.233
-

4.018.265.494
(

100.875.703 )

Saham
beredar
yang
diperoleh
kembali/
Treasury
shares

Selisih nilai
transaksi
restrukturisasi
entitas
sepengendali/
Difference in
value from
restructuring
transactions
with entities
under common
control

1.996.490 ) (

22.029.000 )(

1.996.490 ) (

22.029.000 )(

Selisih kurs
karena
penjabaran
laporan
keuangan/
Exchange
differences
due to
financial
statements
translations
18.986.164 )
18.986.164 )

10.895.210

10.895.210

772.714.718

2.680.738.380

898.118
898.118

2.670.741.288

Balance as of 1 January 2010
As previously stated 1)

10.895.210

Effect of first adoption
of SFAS No. 50 and 55

2.681.636.498

As adjusted)

-

-

15.083.833

-

15.083.833

-

-

-

4.963.739.727

-

4.963.739.727

Right issue

-

-

-

-

15.083.833

-

-

-

-

-

-

-

-

-

1)

2.669.843.170

-

-

5.489.625.413 (

761.819.508

-

Saldo Kepentingan NonPengendali dari
Perusahaan yang diakuisisi

1.324.273.927

Total/
Total

Jumlah
ekuitas Bersih/
Total
EquityNet

Exchange differences due to
financial statements
translations

Laba bersih komprehensif
periode berjalan

Saldo per 31 Maret 2010

Saldo laba/
Retained
earnings

Kepentingan
nonpengendali/
Noncontrolling
interest

1.996.490 ) (

22.029.000 ) (

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan Barakat, PT Citalaras
Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas
Agro Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret, April, Mei, Juni
dan Desember 2010 (Catatan 1c).

Lihat Catatan atas Laporan Interim Keuangan Konsolidasian pada Ekshibit E
terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan Konsolidasian
secara keseluruhan

3.902.331 )

64.413.737

837.128.455

1)

(

100.875.703 )
64.413.737

7.623.099.974

-

(

100.875.703 )

Stock issuance cost

404.756

64.818.493

Net comprehensive income
for the period

71.984.021

71.984.021

Non-Controlling Interests from
Acquired Subsidiary

73.286.895

7.696.386.869

Balance as of 31 March 2010)

Excluding the accounts of Agri International Resources Pte. Ltd., PT Monrad Intan Barakat,
PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas
Sawitinti Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi
Prima and PT Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries in
March, April, May, June and December 2010 (Note 1c).

See accompanying Notes to the Interim Consolidated Financial Statements on Exhibit E
which are an integral part of the Interim Consolidated Financial Statements
taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language
Exhibit C/2

Ekshibit C/2
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk DAN ANAK PERUSAHAAN
LAPORAN PERUBAHAN EKUITAS INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Modal saham
ditempatkan
dan disetor
penuh/
Share capital
Catatan/
issued and
Notes
fully paid
Saldo per 1 Januari 2011
Selisih kurs karena
penjabaran laporan
keuangan
Laba bersih komprehensif
periode berjalan

Kepentingan NonPengendali setelah
peningkatan kepemilikan

Saldo per 31 Maret 2011

1)

1.355.377.268

2b,2y

Tambahan
modal
disetor Bersih/
Additional
paid-in
capital - Net
5.489.625.413 (

Saham
beredar
yang
diperoleh
kembali/
Treasury
shares
1.996.490 ) (

Selisih nilai
transaksi
restrukturisasi
entitas
sepengendali/
Difference in
value from
restructuring
transactions
with entities
under common
control
22.029.000 ) (

-

-

-

-

-

-

-

-

-

1.355.377.268

-

5.489.625.413 (

-

1.996.490 ) (

Selisih kurs
karena
penjabaran
laporan
keuangan/
Exchange
differences
due to
financial
statements
translations

-

(

30.621.780 )

97.117.308 )

-

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada Ekshibit E
terlampir yang merupakan bagian tak terpisahkan dari Laporan Keuangan Konsolidasian secara
keseluruhan

Total/
Total

1.528.053.052

8.318.408.463

-

229.621.431

-

-

22.029.000 ) ( 127.739.088 )

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan Barakat, PT Citalaras Cipta
Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora
Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa
yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret, April, Mei, Juni dan Desember 2010
(Catatan 1c).

Saldo laba/
Retained
earnings

1)

1.757.674.483

(

Kepentingan
nonpengendali/
Noncontrolling
interest
228.849.029

97.117.308 )

-

229.621.431

-

Jumlah
ekuitas Bersih/
Total
EquityNet
8.547.257.492

(

1.723.031

( 230.636.823 ) (

8.450.912.586 (

64.763 )

97.117.308 )

231.344.462

230.636.823 )

8.450.847.823

Balance as of 1 January 2011)
Exchange differences due to
financial statements
translations
Net comprehensive income
for the period

Non-Controlling Interests
After increasing of
Investment

Balance as of 31 March 2011

Excluding the accounts of Agri International Resources Pte. Ltd., PT Monrad Intan Barakat,
PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti
Perdana, PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas Agrointi Prima and
PT Sawitmas Agro Perkasa that were acquired by the Company and Subsidiaries in March, April, May,
June and December 2010 (Note 1c).

See accompanying Notes to the Interim Consolidated Financial Statements on Exhibit E
which are an integral part of the Interim Consolidated Financial Statements
taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language
Exhibit D

Ekshibit D

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN ARUS KAS INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

2011
(Tiga Bulan/
Three Months)
ARUS KAS DARI AKTIVITAS OPERASI
Penerimaan kas dari pelanggan
Pembayaran kas kepada pemasok, karyawan dan
aktivitas operasional lainnya
Arus kas yang dihasilkan dari operasi
Penerimaan bunga
Pembayaran bunga
Pembayaran pajak penghasilan

2010
(Tiga Bulan/
Three Months)1)

(

551.637.673) ) (

304.996.323 )

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers
Cash paid to suppliers, employees and
other operational activities

(
(

523.062.591
10.479.803
98.298.430 ) (
163.728.701 )

85.200.283
765.089
2.922.984 )
-

Cash flows provided by operations
Receipts of interest
Payments of interest
Payments of income tax

271.515.263

83.042.388

1.074.700.264

Arus kas bersih diperoleh dari aktivitas operasi

390.196.606

CASH FLOWS FROM INVESTING ACTIVITIES

ARUS KAS DARI AKTIVITAS INVESTASI
Investasi pada efek
Akuisisi anak perusahaan
Penambahan tanaman belum menghasilkan
Pembelian aset tetap
Pembayaran pada plasma
Uang muka akuisisi
Penambahan proyek dalam pengembangan

Net cash flows provided by operating activities

(
(
(
(
(
(
(

455.347.368 )
758.259.623 )
415.089.249 )
373.512.137 )
31.519.724 )
1.895.000.000 )
54.833.623 )

Investment in marketable securities
Acquisitions of subsidiaries
Additions in immature plantations
Acquisitions of fixed assets
Payments to plasma
Advance for acquisition
Increase in business development projects

28.569.439 ) (

3.983.561.724 )

Net cash flows used in investing activities

131.069.400
444.697 )
351.700.387 ) (
38.444.100
(

704.917.727
3.488.584
1.359.871.689 )
4.963.739.727
100.875.703 )

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds (payments) of long-term debts:
Long-term loans
Lease payable
Increase in due from related parties
Proceeds of short-term loan
Issuance of stock through right issue
Stock issuance cost

182.631.584 )

4.211.398.646

Net cash flows provided by financing activities

60.314.240

310.879.310

NET INCREASE IN CASH AND CASH EQUIVALENTS

100.729.211 )

66.953.831

EFFECT OF FOREIGN EXCHANGE TO
CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS
PADA AWAL PERIODE

329.768.431

167.303.590

CASH AND CASH EQUIVALENTS
AT BEGINNING OF PERIOD

KAS DAN SETARA KAS PADA AKHIR PERIODE

289.353.460

545.136.731

CASH AND CASH EQUIVALENTS AT END OF PERIOD

Arus kas bersih digunakan untuk aktivitas investasi

(
(
(
(

(

ARUS KAS DARI AKTIVITAS PENDANAAN
Penerimaan (pembayaran) hutang jangka panjang:
Pinjaman jangka panjang
Sewa pembiayaan
Kenaikan piutang pihak berelasi
Penerimaan hutang jangka pendek
Penerbitan saham melalui HMETD
Biaya penerbitan saham

(
(

Arus kas bersih diperoleh dari aktivitas pendanaan

(

KENAIKAN BERSIH DALAM KAS DAN SETARA KAS
DAMPAK PERUBAHAN SELISIH KURS TERHADAP
KAS DAN SETARA KAS

1)

(

241.068.317
125.756.627 )
106.418.896 )
23.379.099 )
14.083.134 )
-

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan
Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas
Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro
Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret,
April, Mei, Juni dan Desember 2010 (Catatan 1c).

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan
Keuangan Interim Konsolidasian secara keseluruhan

1)

Excluding the accounts of Agri International Resources Pte. Ltd.,
PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca
Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas
Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the
Company and Subsidiaries in March, April, May, June and December
2010 (Note 1c).

See accompanying Notes to the Interim Consolidated Financial Statements
on Exhibit E which are an integral part of the Interim Consolidated
Financial Statements taken as a whole

The original interim consolidated financial statements included herein are
in Indonesian language
Exhibit D/2

Ekshibit D/2

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
PERIOD THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
LAPORAN ARUS KAS INTERIM KONSOLIDASIAN
PERIODE TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

2011
(Tiga Bulan/
Three Months)
Informasi tambahan arus kas:
Reklasifikasi dari tanaman belum menghasilkan
ke tanaman menghasilkan
Reklasifikasi dari aset dalam penyelesaian
ke aset tetap
1)

2010
(Tiga Bulan/
Three Months)1)

16.814.318

1.773.806

8.387.683

29.876.499

Tidak termasuk angka Agri International Resources Pte. Ltd., PT Monrad Intan
Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca Permana, PT Domas
Agrointi Perkasa, PT Domas Sawitinti Perdana, PT Flora Sawita Chemindo,
PT Sarana Industama Perkasa, PT Domas Agrointi Prima dan PT Sawitmas Agro
Perkasa yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada Maret,
April, Mei, Juni dan Desember 2010 (Catatan 1c).

Lihat Catatan atas Laporan Keuangan Interim Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian tak terpisahkan dari Laporan
Keuangan Interim Konsolidasian secara keseluruhan

1)

Supplemental cash flows information:
Reclassifications of immature
to mature plantations
Reclassifications from construction
in-progress to fixed assets

Excluding the accounts of Agri International Resources Pte. Ltd.,
PT Monrad Intan Barakat, PT Citalaras Cipta Indonesia, PT Julang Oca
Permana, PT Domas Agrointi Perkasa, PT Domas Sawitinti Perdana,
PT Flora Sawita Chemindo, PT Sarana Industama Perkasa, PT Domas
Agrointi Prima and PT Sawitmas Agro Perkasa that were acquired by the
Company and Subsidiaries in March, April, May, June and December
2010 (Note 1c).

See accompanying Notes to the Interim Consolidated Financial Statements
on Exhibit E which are an integral part of the Interim Consolidated
Financial Statements taken as a whole

The original interim consolidated financial statements included
herein are in Indonesian language

Exhibit E

Ekshibit E
PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN
INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

1. U M U M
a. Pendirian dan Informasi Umum

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
AND THE YEAR ENDED
31 DECEMBER 2010(AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

1. G E N E R A L
a. Establishment and General Information

PT Bakrie Sumatera Plantations Tbk (“Perusahaan”)
didirikan di Republik Indonesia pada tahun 1911 dengan
nama
“NV
Hollandsch
Amerikanse
Plantage
Maatschappij”. Nama Perusahaan telah beberapa kali
mengalami perubahan, terakhir dengan nama PT Bakrie
Sumatera Plantations Tbk. Anggaran dasar Perusahaan
pertama kali diumumkan dalam Lembaran Berita Negara
Republik Indonesia No. 14 tangg fal 18 Pebruari 1941,
Tambahan No. 101. Anggaran dasar Perusahaan telah
mengalami beberapa kali perubahan, antara lain dengan
akta Notaris Sutjipto, S.H., M.Kn., Notaris di Jakarta,
No. 98 tanggal 14 Mei 2008 mengenai perubahan seluruh
anggaran dasar Perusahaan dalam rangka penyesuaian
terhadap Undang-Undang Republik Indonesia No. 40
Tahun 2007 tentang Perseroan Terbatas. Perubahan
tersebut telah mendapat persetujuan dari Menteri Hukum
dan Hak Asasi Manusia Republik Indonesia dalam Surat
Keputusan No. AHU-03156.AH.01.02 Tahun 2009 tanggal
14 Januari 2009.

PT Bakrie Sumatera Plantations Tbk (“the Company”) was
established in the Republic of Indonesia in 1911 under the
name
of
“NV
Hollandsch
Amerikanse
Plantage
Maatschappij”. The name of the Company has been changed
several times, the latest being to PT Bakrie Sumatera
Plantations Tbk. The articles of association of the Company
were first published in the State Gazette of the Republic of
Indonesia No. 14 dated 18 February 1941, Supplement
No. 101. The articles of association of the Company have
been amended several times, of which was covered by the
Notarial deed No. 98 of Sutjipto, S.H., M.Kn., Notary in
Jakarta, dated 14 May 2008, in order to be in compliance
with Law No. 40 of the Republic of Indonesia of Year 2007
concerning Limited Liability Company. The changes have
already been approved by the Ministry of Law and Human
Rights of the Republic of Indonesia in its Decision Letter
No. AHU-03156.AH.01.02 Year 2009 dated 14 January 2009.

Anggaran dasar Perusahaan mengalami beberapa kali
perubahan, terakhir berdasarkan akta Notaris Aulia
Taufani, S.H., Notaris pengganti dari Sutjipto, S.H.,
M.Kn., Notaris di Jakarta, No. 1 tanggal 1 Oktober 2010
mengenai perubahan anggaran dasar Perusahaan dalam
rangka penyesuaian terhadap Peraturan Badan Pengawas
Pasar Modal dan Lembaga Keuangan (Bapepam-LK)
No. IX.J.1 sebagai Lampiran Keputusan Ketua Bapepam-LK
No. Kep-179/BL/2008 tanggal 14 Mei 2008 tentang
Pokok-Pokok Anggaran Dasar Perusahaan Yang Melakukan
Penawaran
Umum
Efek
Bersifat
Ekuitas
dan
Perusahaan Publik. Perubahan tersebut telah mendapat
persetujuan dari Menteri Hukum dan Hak Asasi
Manusia Republik Indonesia dalam Surat Keputusan
No. AHU-49342.AH.01.02 Tahun 2010 tanggal 20 Oktober
2010.

The Company‟s articles of association have been amended
several times, the latest of which by the Notarial deed
No. 1 dated 1 October 2010 of Aulia Taufani, S.H.,
substitute of Sutjipto, S.H., M.Kn., Notary in Jakarta
regarding of the changes of the Company‟s articles of
association in order to be in compliance with Regulation of
Capital Market and Financial Institution Supervisory Board
(Bapepam-LK) No. IX.J.1 according to Chairman
of
Bapepam-LK Decision in his Letter No. Kep-179/BL/2008
dated 14 May 2008 concerning The Principles of Articles of
Association for Equity Listed Companies and Public
Companies. The changes have already been approved by the
Ministry of Law and Human Rights of the Republic of
Indonesia in its Decree No. AHU-49342.AH.01.02 Year 2010
dated 20 October 2010.

Sesuai dengan Pasal 3 anggaran dasar Perusahaan, ruang
lingkup kegiatan Perusahaan meliputi bidang perkebunan,
pengolahan, perdagangan dan pengangkutan hasil
tanaman dan produk industri, serta pabrik kertas. Saat
ini, Perusahaan bergerak di bidang perkebunan,
pengolahan dan perdagangan hasil tanaman dan industri.

In accordance with Article 3 of the Company‟s articles of
association, the scope of its activities consists of
agriculture, processing, trading and transporting of
agricultural and industrial products and also paper mill.
Currently, the Company is engaged in plantations,
processing and trading agricultural and industrial products.

Luas tanaman perkebunan Perusahaan dan Anak
Perusahaan adalah 124.063 hektar. Perusahaan telah
beroperasi komersial sejak tahun 1911.

The Company and Subsidiaries‟ planted area are
124,063 hectares. The Company started its commercial
operations in 1911.

Perusahaan berdomisili di Kisaran dengan kantor pusat
berlokasi di Jl. H. Juanda, Kisaran 21202, Kabupaten
Asahan, Sumatera Utara, sedangkan perkebunan serta
pabriknya berlokasi di Kisaran, Kabupaten Asahan,
Sumatera Utara.

The Company is domiciled in Kisaran, with its head office
located at Jl. H. Juanda, Kisaran 21202, Asahan District,
North Sumatera, while its plantations and factory are
located in Kisaran, Asahan District, North Sumatera.

The original interim consolidated financial statements included
herein are in Indonesian language

Exhibit E/2

Ekshibit E/2
PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN
INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

1. U M U M (Lanjutan)
a. Pendirian dan Informasi Umum (Lanjutan)
Laporan keuangan interim konsolidasian untuk periode
tiga bulan yang berakhir 31 Maret 2011 yang diselesaikan
dan disetujui oleh Direksi Perusahaan pada tanggal 26 Mei
2011
b. Penawaran Umum Efek Perusahaan

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
AND THE YEAR ENDED
31 DECEMBER 2010(AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

1. G E N E R A L (Continued)
a. Establishment and General Information (Continued)
The interim consolidated financial statements for the period
three months ended 31 March 2011 that were completed and
authorized by the Company‟s Directors on 26 May 2011.
b. Public Offering of the Company’s Shares

Pada tanggal 6 Januari 1990, Perusahaan memperoleh ijin
dari Menteri Keuangan Republik Indonesia dengan Surat
No. SI/075/SHM/MK.10/1990 untuk melakukan penawaran
umum kepada masyarakat atas 11,1 juta saham dengan
nilai nominal Rp 1.000 (Rupiah penuh) per saham melalui
bursa saham di Indonesia dengan harga penawaran
Rp 10.700 (Rupiah penuh) per saham. Pada tahun 1997,
Perusahaan melakukan pemecahan saham (stock split)
2 untuk 1 sehingga mengubah nilai nominal saham biasa
dari Rp 1.000 (Rupiah penuh) menjadi Rp 500
(Rupiah penuh) serta mengumumkan sembilan saham
bonus untuk lima saham lama dari tambahan modal
disetor.

On 6 January 1990, the Company obtained a license from
the Ministry of Finance of the Republic of Indonesia as per
his Letter No. SI/075/SHM/MK.10/1990 to hold a public
offering of its 11.1 million shares with par value of Rp 1,000
(full Rupiah) per share through the stock exchange in
Indonesia at the offering price of Rp 10,700 (full Rupiah)
per share. In 1997, the Company declared a stock split of
2-for-1, which changed the common stock par value from
Rp 1,000 (full Rupiah) to Rp 500 (full Rupiah) per share,
plus a nine-for-five stock bonus from additional paid-in
capital.

Pada bulan Juni 1999, Perusahaan mengumumkan satu
dividen saham untuk lima saham lama dari saldo laba.
Pada tanggal 31 Desember 1999, Perusahaan telah
mencatatkan semua saham yang ditempatkan dan disetor
penuh di Bursa Efek Jakarta dan Surabaya (sekarang Bursa
Efek Indonesia).

In June 1999, the Company declared a one-for-five stock
dividend from retained earnings. As of 31 December 1999,
the Company has listed all of its issued and fully paid shares
on the Jakarta and Surabaya Stock Exchanges (currently
Indonesia Stock Exchanges).

Pada tanggal 18 Oktober 2004, Perusahaan melakukan
pemecahan saham 5 untuk 1 sehingga mengubah nilai
nominal saham biasa dari Rp 500 (Rupiah penuh) menjadi
Rp 100 (Rupiah penuh), dan pada tanggal 10 Nopember
2004, Perusahaan melakukan penawaran umum terbatas I
dengan Hak Memesan Efek Terlebih Dahulu sebanyak
1.087.800.000 lembar saham, yang seluruh saham yang
ditempatkan dan disetor penuh telah dicatatkan di Bursa
Efek Jakarta dan Surabaya. Harga penawaran umum
terbatas I tersebut di atas adalah sebesar Rp 200
(Rupiah penuh) per saham.

On 18 October 2004, the Company declared a stock split of
5-for-1, which changed the common stock par value from
Rp 500 (full Rupiah) to Rp 100 (full Rupiah), and on
10 November 2004, the Company held a limited public
offering I through Pre-emptive Right Issues of 1,087,800,000
shares, of which all of its issued and fully paid shares had
been listed on the Jakarta and Surabaya Stock Exchanges.
The offering price in the above limited public offering I was
Rp 200 (full Rupiah) per share.

Pada tanggal 29 Agustus 2007, Perusahaan melakukan
penawaran umum terbatas II dengan Hak Memesan Efek
Terlebih Dahulu sebanyak 1.456.875.000 lembar saham
dan disertai dengan 364.218.750 waran I yang melekat
pada saham yang dikeluarkan dan yang diberikan secara
cuma-cuma sebagai insentif bagi pemegang saham dengan
harga pelaksanaan waran Rp 1.375 (Rupiah penuh).
Penawaran umum ini telah dicatatkan di Bursa Efek
Jakarta dan Surabaya. Harga penawaran umum terbatas II
tersebut di atas adalah sebesar Rp 1.100 (Rupiah penuh)
per saham.

On 29 August 2007, the Company held a limited public
offering II through Pre-emptive Right Issues of
1,456,875,000 shares, simultaneously issuing 364,218,750
warrants I accompanying the new shares issued, which are
to be granted free as an incentive for the shareholders at
an exercise price of the warrant of Rp 1,375 (full Rupiah),
listed on the Jakarta and Surabaya Stock Exchanges. The
offering price in above limited public offering II was
Rp 1,100 (full Rupiah) per share.

The original interim consolidated financial statements included
herein are in Indonesian language

Exhibit E/3

Ekshibit E/3

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
THREE MONTHS ENDED
31 MARCH 2011 AND 2010 (UNAUDITED)
AND THE YEAR ENDED
31 DECEMBER 2010(AUDITED)
(With Comparative Figures 31 December 2009 (Audited))
(Expressed in thousands of Rupiah, unless otherwise stated)

PT BAKRIE SUMATERA PLANTATIONS Tbk
DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN
INTERIM KONSOLIDASIAN
TIGA BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
31 MARET 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

1. G E N E R A L (Continued)

1. U M U M (Lanjutan)

b. Public Offering of the Company’s Shares (Continued)

b. Penawaran Umum Efek Perusahaan (Lanjutan)
Pada tanggal 2 Pebruari 2010, Perusahaan melakukan
penawaran umum terbatas III dengan Hak Memesan Efek
Terlebih Dahulu sebanyak 9.454.742.337 lembar saham
dan disertai dengan 630.316.155 waran seri II yang
melekat pada saham yang dikeluarkan
dan yang
diberikan secara cuma-cuma sebagai insentif bagi
pemegang saham dengan
harga pelaksanaan waran
Rp 530 (Rupiah penuh). Penawaran umum ini telah
dicatatkan di Bursa Efek Indonesia. Harga penawaran
umum terbatas III tersebut di atas adalah sebesar Rp 525
(Rupiah penuh) per saham.

On 2 February 2010, the Company held a limited
public offering III through Pre-emptive Right Issues
of 9,454,742,337 shares, simultaneously issuing 630,316,155
warrants II accompanying the new shares issued, which are
to be granted free as an incentive for the shareholders at
an exercise price of the warrant of Rp 530 (full Rupiah),
listed on the Indonesia Stock Exchanges. The offering price
in above limited public offering III amounted to Rp 525
(full Rupiah) per s