73 financial statement 30 juni 2011

The original interim 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 2011 DAN 2010 (TIDAK DIAUDIT)
DAN TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))/
SIX MONTHS PERIOD ENDED
30 JUNE 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
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 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 Comprehensive 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
30 JUNE 2011 (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
30 JUNI 2011 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

30 Juni
2011/
30 June
2011

31 Desember
2010/ ‘
31 December

20102)

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 30 Juni 2011,
31 Desember 2010 dan
31 Desember 2009
Pihak berelasi – setelah dikurangi
penyisihan kerugian penurunan nilai
sebesar Rp 24.000.000 masingmasing pada 30 Juni 2011,
31 Desember 2010 dan
31 Desember 2009
Piutang lain-lain
Pihak ketiga – setelah dikurangi
penyisihan kerugian penurunan nilai
sebesar Rp 9.408.369 masing-masing
pada 30 Juni 2011, 31 Desember
2010 dan 31 Desember 2009
Pihak berelasi
Persediaan – setelah dikurangi
penyisihan persediaan usang
sebesar Rp 203.099
masing-masing pada 30 Juni 2011,
31 Desember 2010 dan

31 Desember 2009
Pajak dibayar di muka
Biaya dibayar di muka
Aset lancar lain-lain
Jumlah Aset Lancar

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

87.996.666
159.213.936

22.083.616
277.031.555

9.152.228
81.676.019

2g,7
2z,33a

2h
8

284.191.220
58.906.445
22.692.461
474.252.672

200.073.120
35.151.846
26.329.057
87.611.432

108.785.887
11.224.917
3.193.877
114.865.600

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 30 June 2011,
31 December 2010
and
31 December 2009, respectively
Related party – net of allowance for
impairment losses of Rp 24,000,000
on 30 June 2011, 31 December 2010
and
31 December 2009,
respectively
Other receivables
Third parties – net of allowance for
impairment losses of Rp 9,408,369
on 30 June 2011,
31 December 2010
and 31 December 2009, respectively

Related parties
Inventories – net of
allowance for
inventory obsolescence of Rp 203,099
on 30 June 2011, 31 December 2010
and 31 December 2009,
Respectively
Prepaid taxes
Prepaid expenses
Other current assets

1.918.641.055

1.788.214.165

666.219.885

Total Current Assets

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

244.228.482
358.153.468

329.768.431
605.594.159

167.303.590
26.862.948

2d,2e,2y,6b

229.005.705

204.570.949

143.154.819

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

-

-

-

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)

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)

Disajikan kembali

2)

Restated

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

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
30 JUNE 2011 (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
30 JUNI 2011 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

30 Juni
2011/
30 June
2011

31 Desember
2010/
31 December
20102)

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

1.762.654.717
144.759.361
325.733.313
653.071

1.614.788.448
104.842.635
318.264.471
653.071

266.472.346
56.780.923
18.259.296
547.475.741

305.708.697

305.708.697

112.252.842

1.594.086.148
1.994.143.246

1.562.540.134
1.899.635.422

1.014.197.337
517.148.550

7.033.165.551

7.086.613.645

687.480.880

2.904.951.780
57.662.654
552.725.607

2.904.951.780
58.680.458
662.021.629

458.510.103
47.433.197
616.748.522

53.789.908
43.298.464
69.268.351

55.187.692
77.928.741
62.226.151

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 30 June 2011,
31 December 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
30 June 2011, 31 December 2010
and 31 December 2009,
respectively
Plantations
Mature plantations - net of
accumulated depreciation of
Rp 665,220,596, Rp 630,431,331
and Rp 347,700,684
on 30 June 2011,
31 December 2010
and 31 December 2009,
respectively
Immature plantations
Fixed assets – net of accumulated
depreciation of Rp 973,903,300,
Rp 901,075,377 and
Rp 371,761,734 on 30 June 2011,
31 December 2010
and 31 December 2009, respectively
Goodwill – net of accumulated
amortization of Rp 504,085,789 and
Rp 72,610,089 on 31 December 2010
and 31 December 2009, respectively
Restricted funds
Business development projects
Deferred cost of land rights net of accumulated amortization
of Rp 24,367,712, Rp 22,969,928
and Rp 6,262,321 on
30 June 2011, 31 December 2010
and 31 December 2009,
respectively
Estimated claims for tax refund
Other non-current assets

Jumlah Aset Tidak Lancar

16.842.600.868

16.714.042.974

4.405.577.428

Total Non-Current Assets

JUMLAH ASET

18.761.241.923

18.502.257.139

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 30 Juni 2011, 31 Desember 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
30 Juni 2011, 31 Desember 2010
dan 31 Desember 2009
2d,10b
Tanaman perkebunan
2j,2l,2t
Tanaman menghasilkan – setelah
dikurangi akumulasi penyusutan
sebesar Rp 665.220.596,
Rp 630.431.331 dan
Rp 347.700.684 masing-masing
pada 30 Juni 2011,
31 Desember 2010 dan
31 Desember 2009
11a
Tanaman belum menghasilkan
11b
Aset tetap – setelah dikurangi akumulasi
penyusutan sebesar Rp 973.903.300,
Rp 901.075.377 dan
Rp 371.761.734 masing-masing pada
30 Juni 2011, 31 Desember 2010
2k,2l,
dan 31 Desember 2009
2r,2t,12
Goodwill – setelah dikurangi akumulasi
amortisasi sebesar Rp 504.085.789 dan
Rp 72.610.089 masing-masing pada
31 Desember 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 24.367.712, Rp 22.969.928
dan Rp 6.262.321
masing-masing pada 30 Juni 2011,
31 Desember 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).

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).

Disajikan kembali

2)

Restated

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

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
30 JUNE 2011 (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
30 JUNI 2011 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

30 Juni
2011/
30 June
2011

31 Desember
2010/
31 December
20102)

1 Januari
2010 atau
31 Desember
2009/
1 January
2010 or
31 December
20091) 2)
LIABILITIES

LIABILITAS
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
Jumlah Liabilitas Jangka Panjang
Jumlah Liabilitas

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

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

171.080.300

134.865.000

141.000.000

325.639.514
89.324.149
94.250.139
355.163.614
626.783.096
61.761.366
100.497.787

349.151.479
796.106
29.838.303
329.789.165
527.336.051
1.561.366
192.630.382

181.939.282
6.177.447
81.039.960
81.865.179
1.528.313
163.560.829

155.931.382
1.183.243
1.576.407.243

145.333.221
1.782.086
1.629.456.557

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

3.558.021.833

3.342.539.716

659.502.236

Total Current Liabilities

56.447.465
26.978.700

212.576.110
57.978.815
26.641.917

100.547.650
20.591.307
20.135.396

5.248.970.719
777.078
1.243.629.645

5.024.694.264
958.850
1.289.609.975

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

6.576.803.607

6.612.459.931

1.741.553.789

Total Non-Current Liabilities

10.134.825.440

9.954.999.647

2.401.056.025

Total Liabilities

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)

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)

Disajikan kembali

2)

Restated

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

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/4

Ekshibit A/4

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF
FINANCIAL POSITION
30 JUNE 2011 (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
30 JUNI 2011 (TIDAK DIAUDIT)
DAN 31 DESEMBER 2010 (DIAUDIT)
(Dengan Angka Perbandingan 31 Desember 2009 (Diaudit))
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

30 Juni
2011/
30 June
2011

Catatan/
Notes
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 13.561.144.676 saham,
13.553.772.676 saham
dan 3.787.996.935 saham masing-masing
pada 30 Juni 2011, 31 Desember 2010
dan 31 Desember 2009
Tambahan modal disetor – Bersih
Saham beredar yang diperoleh kembali
Selisih nilai transaksi
restrukturisasi entitas
sepengendali
Selisih kurs karena penjabaran laporan
keuangan
Selisih revaluasi aset
Kerugian yang belum terealisasi
atas perubahan nilai wajar
efek-efek
Saldo laba

Jumlah Ekuitas – Bersih
JUMLAH LIABILITAS DAN EKUITAS
1)

2)

10.503.569 )
1.876.639.909

1.528.053.052

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 – 13,561,144,676
shares, 13,553,772,676 shares and
3,787,996,935 shares
on 30 June 2011,
31 December 2010
and 31 December 2009, respectively
Additional paid-in capital – Net
Treasury shares
Difference in value from restructuring
transactions with entities
under common control
Exchange differences due to financial
statements translations
Differences of revaluation of assets
Unrealized loss from
changes in fair value of
marketable securities
Retained earnings

8.567.169.161

8.318.408.463

2.669.843.170

Sub-Total

59.247.322

228.849.029

898.118

Non-Controlling Interests

8.626.416.483

8.547.257.492

2.670.741.288

Total Equity – Net

18.761.241.923

18.502.257.139

5.071.797.313

TOTAL LIABILITIES AND EQUITY

(

1.356.114.468
5.492.795.373
1.996.490 ) (

1.355.377.268
5.489.625.413
1.996.490 ) (

378.799.694
1.572.235.622
1.996.490 )

2b

(

22.029.000 ) (

22.029.000 ) (

22.029.000 )

2b,2y,27

(

220.101.886 ) (
96.250.356

30.621.780 ) (
-

18.986.164 )
-

2d,5

(

25a
2u,26
2v,25b

Sub-Jumlah
Kepentingan Non-Pengendali

31 Desember
2010/
31 December
20102)

1 Januari
2010 atau
31 Desember
2009/
1 January
2010 or
31 December
20091) 2)

2b

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)

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).

Disajikan kembali

2)

Restated

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

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
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)
2011
(Enam bulan/
Six months)

2010
(Enam bulan/
Six months)1)

Catatan/
Notes

PENJUALAN BERSIH

2.303.694.088

2x,28

1.134.299.694

NET SALES

BEBAN POKOK PENJUALAN

1.463.431.217

2x,29

680.775.138

COST OF GOODS SOLD

453.524.556

GROSS PROFIT

840.262.871

LABA KOTOR
Laba selisih kurs – Bersih
Beban penjualan
Beban umum dan administrasi
Rugi penghapusan tanaman perkebunan
Amortisasi goodwill
Lain-lain – Bersih

(
(
(
(

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

(
(
(
(

654.103.920

LABA USAHA
Penghasilan bunga
Beban bunga dan keuangan

123.511.378
84.215.549 )
203.104.958 )
4.276.128 )
18.073.694 )

(

325.136.452

52.804.978
160.466.932 )

(

31

546.441.966

LABA SEBELUM BEBAN PAJAK PENGHASILAN

66.000.577
20.371.370 )
100.441.976 )
57.453.682 )
16.121.653 )

1.929.240
212.906.522 )
114.159.170

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

BEBAN PAJAK PENGHASILAN
Kini
Tangguhan

(

144.485.286 )
6.144.341

(
(

62.468.655 )
4.428.494 )

INCOME TAX EXPENSES
Current
Deferred

Jumlah Beban Pajak Penghasilan

(

138.340.945 )

(

66.897.149 )

Total Income Tax Expenses

2z,33d

408.101.021

47.262.021

189.480.106 )

-

JUMLAH PENDAPATAN KOMPREHENSIF
PERIODE BERJALAN

218.620.915

47.262.021

TOTAL COMPREHENSIVE INCOME
CURRENT PERIOD

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

408.786.857
685.836 )

35.248.534
12.013.486

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

408.101.021

47.262.020

Total

219.306.751
685.836 )

75.108.068
12.013.486

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

218.620.915

87.121.554

Total

LABA BERSIH PERIODE BERJALAN
Jumlah pendapatan komprehensif lain

(

(

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

(

NET INCOME CURRENT PERIOD
Total others comprehensive income

LABA BERSIH PER SAHAM DASAR
(DALAM RUPIAH PENUH)

60,32

2aa,35

8,50

BASIC EARNINGS PER SHARE
(IN FULL RUPIAH)

LABA BERSIH PER SAHAM DILUSIAN
(DALAM RUPIAH PENUH)

54,79

2aa,35

7,83

DILUTED EARNINGS PER SHARE
(IN FULL RUPIAH)

1)

Tidak termasuk angka PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa
yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada 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
PT
Domas
Agrointi
Prima
and
PT Sawitmas Agro Perkasa that were acquired by the Company and
Subsidiary in 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

Ekshibit C
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 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 No. 55

378.799.694
2d,40

Setelah penyesuaian
Selisih kurs karena
penjabaran laporan
keuangan
Penerbitan saham

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

378.799.694

2b,2y
25

945.474.250

Tambahan
Modal
disetor Bersih/
Additional
paid-in
capital – Net
1.572.235.622 (
1.572.235.622 (

3.917.389.988

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 )(

1.996.490 ) (

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

22.029.000 )(

-

-

-

-

18.986.164 )
18.986.164 )

20.344.573
-

Saldo laba/
Retained
earnings

J u m l a h/
Total

761.819.508

2.669.843.170

10.895.210

10.895.210

772.714.718

2.680.738.380

Kepentingan
nonpengendali/
Noncontrolling
interest
898.118
898.118

Jumlah
ekuitas Bersih/
Total
equityNet
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 No. 55

2.681.636.498

As adjusted)
Exchange differences due to
financial statements
translations

-

20.344.573

-

20.344.573

-

4.862.864.238

-

4.862.864.238

Right issue

Laba bersih komprehensif
periode berjalan

-

-

-

-

-

35.248.534

35.248.534

12.013.486

47.262.020

Net comprehensive income
for the period

Kepentingan NonPengendali dari
Perusahaan yang diakuisisi

-

-

-

-

-

2.668.887

2.668.887

124.880.408

127.549.295

Non-Controlling Interests from
acquired Subsidiary

810.632.139

7.601.864.612

137.792.012

7.739.656.624

Balance as of 30 June 2010)

Saldo per 30 Juni 2010
1)

1.324.273.944

5.489.625.610 (

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 diakuisisi 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

1.358.409
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 C/2

Ekshibit C/2
PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes
Saldo per 1 Januari 2011
Selisih kurs karena
penjabaran laporan
keuangan

Modal saham
ditempatkan
dan disetor
penuh/
Share capital
issued and
fully paid
1.355.377.268

2b,2y

Penerbitan saham

737.2000

Selisih revaluasi
aset

-

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 ) (

-

-

-

3.169.9600

-

-

-

-

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

(

-

Selisih
revaluasi
aset/
Differences of
revaluation of
assets

Kerugian
yang belum
terealisasi
atas
perubahan
nilai wajar
efek-efek/
Unrealized
loss from
changes in
fair value of
marketable
securities

Saldo laba/
Retained
earnings

-

-

1.528.053.052

30.621.780 )

189.480.106 )
-

-

-

-

-

-

-

96.250.356

Kerugian yang belum
terealisasi atas
perubahan nilai
wajar efek-efek
Dividen

(
20

Laba bersih komprehensif
periode berjalan
Kepentingan NonPengendali setelah
peningkatan
kepemilikan
Saldo per 30 Juni 2011
1)

-

-

1.356.114.468

-

5.492.795.373 (

-

1.996.490 ) (

-

22.029.000 ) (

-

220.101.886 )

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 diakuisisi 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 Konsolidasian secara
keseluruhan

-

-

-

-

96.250.356 (
1)

10.503.569 )

8.318.408.463

(

-

10.503.569 )
-

J u m l a h/
Total

(

60.200.000 ) (
408.786.857

-

3.907.160

-

10.503.569 )
60.200.000 ) (
408.786.857 (

-

-

1.876.639.909

8.567.169.161

Jumlah
ekuitas Bersih/
Total
equityNet
8.547.257.492 Balance as of 1 January 2011

228.849.029

189.480.106 )

96.250.356

(

Kepentingan
nonpengendali/
Noncontrolling
interest

(

189.480.106 )

Exchange differences
due to financial
Statements Translations

3.907.160

Right issue

96.250.356

Differences of revaluation
of asset

(

10.503.569 )

Unrealized loss from
changes in fair value of
marketable securities

168.915.871 ) (

229.115.871 )

-

-

685.836 )

59.247.322

408.101.021

Dividend
Net comprehensive income
for the period
Non-Controlling
Interests after
increasing of
Investment

8.626.416.483

Balance as of 30 June 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
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 2011 DAN 2010 (TIDAK DIAUDIT)
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)
2011
(Enam bulan/
Six 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
(Enam bulan/
Six months)1)

2.235.996.249

992.634.669

(

1.356.724.533 ) (

680.167.504 )

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

(
(

879.271.716
52.804.978
117.634.035 ) (
171.622.426 )

312.467.165
1.929.240
86.116.392 )
-

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

642.820.233

228.280.013

Arus kas bersih diperoleh dari aktivitas operasi

Net cash flows provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES

ARUS KAS DARI AKTIVITAS INVESTASI
Investasi pada efek
Akuisisi anak perusahaan
Penambahan tanaman menghasilkan
dan belum menghasilkan
Pembelian aset tetap
Pembayaran pada plasma
Uang muka akuisisi
Penambahan proyek dalam pengembangan
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 Hak Memesan Efek
Terlebih Dahulu (HMETD)
Biaya penerbitan saham

(
(
(
(

(

(
(

Investment in marketable securities
Acquisitions of subsidiaries
Additions in mature and
immature plantations
Acquisitions of fixed assets

236.937.122 (
213.754.489 ) (

640.522.489 )
2.578.259.623 )

38.501.060 ) (
89.693.678 ) (
39.916.726 ) (
(
(

316.823.843
58.360.671
35.329.976
204.000.000
71.263.214

)
)
)
)
)

Advance for acquisition
Increase in business development projects

144.928.831 ) (

3.904.559.816 )

Net cash flows used in investing activities

704.917.727
2.963.144
1.736.178.430 )
-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds (payments) of long-term debts:
Long-term loans
Lease payable
Decrease (increase) in due from related parties
Proceeds of short-term loan

4.963.739.727
100.875.703 )

Issuance of stock through right issue
Stock issuance cost

147.861.911
780.615 )
758.290.573 ) (
38.444.100
3.907.160

(

Arus kas bersih (digunakan untuk) diperoleh dari
aktivitas pendanaan

(

568.858.017 )

3.834.566.465

Net cash flows (used in) provided by
financing activities

KENAIKAN BERSIH DALAM KAS DAN SETARA KAS

(

70.966.615 )

158.286.662

NET INCREASE IN CASH AND CASH EQUIVALENTS

DAMPAK PERUBAHAN SELISIH KURS TERHADAP
KAS DAN SETARA KAS

(

14.573.334 )

86.345.149

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

244.228.482

411.935.401

CASH AND CASH EQUIVALENTS AT END OF PERIOD

56.006.764

126.535.090

53.537.575

36.010.969

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

Informasi tambahan arus kas:
Reklasifikasi dari tanaman belum menghasilkan
ke tanaman menghasilkan
Reklasifikasi dari aset dalam penyelesaian
ke aset tetap

1)

Tidak termasuk angka PT Domas Agrointi Prima dan PT Sawitmas Agro Perkasa
yang di akuisisi oleh Perusahaan dan Anak Perusahaan pada 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 PT Domas Agrointi Prima and PT Sawitmas Agro
Perkasa that were acquired by the Company and Subsidiary in
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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 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
SIX MONTHS ENDED
30 JUNE 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 tanggal 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 BapepamLK 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 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
enam bulan yang berakhir 30 Juni 2011 yang diselesaikan
dan disetujui oleh Direksi Perusahaan pada tanggal
18 Agustus 2011.
b. Penawaran Umum Efek Perusahaan

PT BAKRIE SUMATERA PLANTATIONS Tbk
AND SUBSIDIARIES
NOTES TO THE INTERIM CONSOLIDATED
FINANCIAL STATEMENTS
SIX MONTHS ENDED
30 JUNE 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 six months ended 30 June 2011 that were completed
and authorized by the Company’s Directors on 18 August
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
SIX MONTHS ENDED
30 JUNE 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
ENAM BULAN YANG BERAKHIR PADA TANGGAL-TANGGAL
30 JUNI 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 share.

Sampai dengan 30 Juni 2011, hak waran I yang digunakan
adalah sebesar 121.935 lembar saham dari sisa hak waran
I sebesar 364.218.750 lembar, sedangkan hak waran II
yang digunakan adalah sebesar 310.992.501 lembar
saham dari sisa hak waran II sebesar 319.323.654 lembar.

Up to 30 June 2011, the Company’s warrants I have been
exercised by 121,935 shares from the remaining warrants I
totaling 364,218,750 shares, whereas, the Company’s
warrants II have been exercised by 310,992,501 shares from
the remaining warrants II totaling 319,323,654 shares.

Pada tanggal 30 Juni 2011, seluruh saham Perusahaan
sejumlah 13.561.144.676 saham telah dicatatkan pada
Bursa Efek Indonesia.

As of 30 June 2011, all of the Company’s outstanding shares
totaling 13,561,144,676 shares have been notes on the
Indonesian Stock Exchange.
c. The Structure of the Company and Subsidiaries

c. Struktur Perusahaan dan Anak Perusahaan
Pada tanggal 30 Juni 2011, 31 Desember 2010 dan
31 Desember 2009, Perusahaan memiliki Anak Perusahaan
dengan kepemilikan langsung dan tidak langsung sebagai
berikut:

Anak Perusahaan/
Subsidiaries

Lokasi/
Domicile

As of 30 June 2011, 31 December 2010 and 31 December
2009, the Company had direct and indirect ownerships in
Subsidiaries as follows:
30 Juni 2011/30 June 2011
Mulai operasi
Persentase
komersial/
kepemilikan/
Start of
Percent