No title

PT. AGIS Tbk. th

Menara Kebon Sirih 6 Floor. Jl. Kebon Sirih No. 17‐19 Jakarta 10340 – Indonesia Phone : (62 – 21) 3983 6699 (Hunting) Fax : (62 – 21) 3983 6698

SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN TAHUN 2006 PT AGIS Tbk. Kami yang bertanda tangan di bawah ini : 1 . Nama : Jhonny Kesuma. Alamat Kantor : Menara Kebon Sirih lantai 6, Jalan Kebon Sirih No. 17‐19, Jakarta 10340. Alamat Domisili : Taman Kebon Jeruk Blok L1/45, RT.007, RW.004,Kel.Srengseng, Kec. Kembangan, Jakarta Barat. Nomor Telepon : (62‐21) 3983 6699. Jabatan : Direktur Utama. 2. Nama : Eka Hikmawati Supriyadi. Alamat Kantor : Menara Kebon Sirih lantai 6, Jalan Kebon Sirih No. 17‐19, Jakarta 10340. Alamat Domisili : Pulo Nangka Timur II A/8, RT.008,kel.PuloGadung, Kec.Pulogadung, Jakarta Timur. Nomor Telepon : (62‐21) 3983 6699. : Direktur. Jabatan Menyatakan bahwa : 1. Bertanggung jawab atas penyusunan dan penyajian laporan keuangan perusahaan; 2. Laporan keuangan perusahaan telah disusun dan disajikan sesuai dengan prinsip akuntansi yang berlaku umum; 3. a. Semua Informasi dalam laporan keuangan perusahaan telah dimuat secara lengkap dan benar; b. Laporan keuangan perusahaan tidak mengandung informasi atau fakta material yang tidak benar, dan tidak menghilangkan informasi atau fakta material; 4. Bertanggung jawab atas sistem pengendalian interen dalam perusahaan. Demikian surat pernyataan ini dibuat dengan sebenarnya. Jakarta, 20 Maret 2007 Pemberi Pernyataan PT AGIS Tbk

Jhonny Kesuma Direktur Utama

Eka Hikmawati Supriyadi Direktur

Laporan No. : 098 / 07

Report No. : 098 / 07 PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REPORT

PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN KEUANGAN KONSOLIDASIAN DAN LAPORAN AUDITOR INDEPENDEN

December 31, 2006 (With Comparative Figures December 31, 2005)

31 Desember 2006 (Dengan Angka Perbandingan 31 Desember 2005)

Daftar Isi

Table of Contents

Halaman/ Page

Laporan Auditor Independen

1

Laporan Keuangan Konsolidasian:

Independent Auditors’ Report Consolidated Financial Statements:

Neraca Konsolidasian

3

Consolidated Balance Sheets

Laporan Laba Rugi Konsolidasian

5

Consolidated Statements of Income

Laporan Perubahan Ekuitas Konsolidasian

6

Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian

7

Consolidated Statements of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian

8

Notes To The Consolidated Financial Statements

Laporan/Report No. : 098/07 Halaman/Page : 1 of 44

LAPORAN AUDITOR INDEPENDEN

INDEPENDENT AUDITOR’S REPORT

Pemegang Saham, Dewan Komisaris dan Direksi PT AGIS Tbk Kami telah mengaudit neraca konsolidasian PT Agis Tbk dan perusahaan anak tanggal 31 Desember 2006, dan laporan laba rugi, perubahan ekuitas, serta arus kas konsolidasian untuk tahun yang berakhir pada tanggal tersebut. Laporan keuangan adalah tanggung jawab manajemen Perusahaan. Tanggungjawab kami terletak pada pernyataan pendapat atas laporan keuangan berdasarkan audit kami. Laporan keuangan konsolidasian untuk tahun yang berakhir pada tanggal 31 Desember 2005 diaudit oleh auditor independent lain yang laporannya tanggal 21 Maret 2006 dengan pendapat wajar tanpa pengecualian. Kami melaksanakan audit berdasarkan standard auditing yang ditetapkan Ikatan Akuntan Indonesia. Standard tersebut mangharuskan kami merencanakan dan melaksanakan audit agar memperoleh keyakinan memadai bahwa laporan keuangan bebas dari salah saji material. Suatu audit meliputi pemeriksaan, atas dasar pengujian, bukti‐bukti yang mendukung jumlah‐ jumlah dan pengungkapan dalam laporan keuangan. Audit juga meliputi penilaian atas prinsip akuntansi yang digunakan dan estimasi signifikan yang dibuat oleh manajemen, serta penilaian terhadap penyajian laporan keuangan secara keseluruhan. Kami yakin bahwa audit kami memberikan dasar memadai untuk menyatakan pendapat. Menurut pendapat kami, laporan keuangan konsolidasian yang kami sebut di atas menyajikan secara wajar, dalam semua hal yang material, posisi keuangan PT Agis Tbk dan perusahaan anak tanggal 31 Desember 2006, dan hasil usaha, perubahan ekuitas serta arus kas untuk tahun yang berakhir pada tanggal tersebut sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia

The Shareholders, Board of Commissioners, and Directors PT AGIS Tbk We have audited the accompanying consolidated balance sheets of PT Agis Tbk and its subsidiaries as of December 31, 2006, and the related consolidated statements of income, changes in equity and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. The consolidated financial statements for the year ended December 31, 2005 were audited by other independent auditor whose report dated March 21, 2006 rendered an unqualified opinion. We conducted our audits in accordance with auditing standards established by the Indonesian Institute of Accountants. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statements presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of PT Agis Tbk and its subsidiaries as of December 31, 2006, and the results of their operations, and their consolidated cash flows for the years then ended in conformity with generally accepted accounting principles in Indonesia.

Kantor Akuntan Publik / Registered Public Accountant EDDY PRAKARSA PERMANA & SIDDHARTA NIUKAP / License No. KEP‐333/KM.6/2004

Tan Siddharta SE.Ak.BAP NIAP / License : 00.1.0755

30 Maret 2007 / March 30, 2007 The accompanying consolidated financial statements are not intended to present the financial position and results of operations, changes in equity and cash flows in accordance with accounting principles and practices generally accepted in countries and jurisdictions other than those in Indonesia. Accordingly the accompanying consolidated financial statements and their utilization are not designed for those who are not informed about Indonesia accounting principles, procedures, and practices. The standards, procedures and practices utilized in Indonesia to audit such financial statements may differ from those generally accepted in countries and jurisdictions other than Indonesia.

Ariobimo Sentral 3rd Floor Jl. H.R. Rasuna Said Blok X‐2 Kav. 5 Jakarta 12950 – Indonesia Tel. 62 21 5290 0918 Fax. 62 21 5290 0917 Email: kap‐[email protected] www.epps.co.id

Laporan No. : 098/07 Halaman : 2 dari 44

Report No. : 098/07 Pages : 2 of 44

PT AGIS Tbk DAN PERUSAHAAN ANAK NERACA KONSOLIDASIAN 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31, 2006 (With comparative figures December 31, 2005)

(Dinyatakan dalam Rupiah kecuali dinyatakan lain)

(Expressed in Rupiah unless otherwise stated)

2006 (Disajikan Kembali / Restated, Catatan / Note 35)

Catatan/ Notes

2005

AKTIVA

ASSETS

AKTIVA LANCAR Kas dan setara kas Investasi jangka pendek Piutang usaha: Pihak hubungan istimewa Pihak ketiga (setelah dikurangi penyisihan piutang raguragu sebesar Rp 3.931.410.921 dan Rp 4.227.368.119 masingmasing pada 31 Desember 2006 dan 2005) Piutang lain-lain: Pihak hubungan istimewa Pihak ketiga (setelah dikurangi penyisihan piutang ragu-ragu sebesar nihil dan Rp 28.744.587 masing-masing pada 31 Desember 2006 dan 2005) Persediaan (setelah dikurangi penyisihan penurunan nilai persediaan masing-masing sebesar Rp 1.504.846.397 dan Rp 1.386.548.387 per 31 Desember 2006 dan 2005) Uang muka pembelian Pajak dibayar dimuka Biaya dibayar dimuka JUMLAH AKTIVA LANCAR

CURRENT ASSETS 10.160.758.858 20.911.715.235

2c, 2d, 3 2c, 2e, 4

15.231.755.461 22.275.550.975

1.897.111.177

2f, 5, 30

2.280.715.325

82.550.834.117

2c, 2f, 5

130.851.022.390

28.970.901.361

2f, 6, 30

34.017.326.844

20.432.489.385

2c, 2f, 6

25.843.838.771

78.145.809.508 12.414.530.818 23.707.463.202 2.058.420.047

2g, 7

89.687.935.984 13.129.796.843 24.812.346.960 7.682.748.263

Third parties (net of allowance for doubtful as of December 31, 2006 and 2005 of Rp 3,931,410,921 and Rp 4,227,368,119 respectively) Others receivable: Related parties Third parties (net of allowance for doubtful as of December 31, 2006 and 2005 of nihil and Rp 28,744,587 respectively) Inventories (net of provision for obsolescence as of December 31, 2006 and 2005 of Rp 1,504,846,397 and Rp 1,386,548,387 respectively) Advance payment Prepaid taxes Prepaid expenses

365.813.037.816

TOTAL CURRENT ASSETS

8 9

281.250.033.708

AKTIVA TIDAK LANCAR Aktiva pajak tangguhan Investasi saham pada perusahaan asosiasi Investasi jangka panjang lainnya Aktiva tetap (setelah dikurangi akumulasi penyusutan per 31 Desember 2006 dan 2005 sebesar Rp 22.325.146.184 dan Rp 21.957.253.629)

Cash and cash equivalents Temporary investments Accounts receivable: Related parties

NON-CURRENT ASSETS 23.749.833.632

2l, 19b

13.800.392.221

866.649.008 190.620.000.000

2e, 10 11

4.436.534.158 170.620.000.000

81.453.196.694

2h, 2i, 12

86.514.815.739

823.462.706 8.293.888.845 11.168.384.063

2e, 13 14 2j, 15

2.023.825.382 7.743.888.845 18.037.773.001

Deferred tax assets Investment in share of associated company

Goodwill (setelah dikurangi akumulasi amortisasi sebesar Rp 19.211.117.179 dan Rp 19.273.616.615 per 31 Desember 2006 dan 2005) Piutang lain-lain Aktiva lain-lain JUMLAH AKTIVA TIDAK LANCAR

316.975.414.948

303.177.229.346

Others long term investment Fixed asset (net of accumulated depreciation as of December 31, 2006 and 2005 of Rp 22,325,146,184 and Rp 21,957,253,629 Goodwill (net of accumulated amortization as of December 31, 2006 and 2005 of Rp 19,211,117,179 and Rp 19,273,616,615 respectively) Others receivable Others assets TOTAL NON-CURRENT ASSETS

JUMLAH AKTIVA

598.225.448.656

668.990.267.162

TOTAL ASSETS

Catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasi

Notes to the consolidated financial statements which are an integral part of the consolidated financial statements



PT AGIS Tbk DAN PERUSAHAAN ANAK NERACA KONSOLIDASIAN - lanjutan 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - continued December 31, 2006 (With comparative figures December 31, 2005)




Catatan/ Notes

2005

KEWAJIBAN, HAK MINORITAS DAN EKUITAS

LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS’ EQUITY

KEWAJIBAN LANCAR Pinjaman jangka pendek Hutang usaha: Pihak hubungan istimewa Pihak ketiga Hutang lain-lain: Pihak hubungan istimewa Pihak ketiga Hutang pajak Biaya yang masih harus dibayar Hutang jangka panjang yang jatuh tempo dalam waktu satu tahun: Hutang bank Hutang sewa guna usaha JUMLAH KEWAJIBAN LANCAR

CURRENT LIABILITIES 117.600.949.529

16

119.611.401.121

52.631.293.442

17,30 2c, 17

1.690.382.496 71.024.234.622

5.984.625.102 2.935.724.726 28.506.121.173 4.542.238.348

18, 30 18 2l, 19a 20

2.692.997.711 37.702.257.495 32.813.155.375 6.668.526.203

600.140.093

21

416.622.764

35.289.462

2i, 22

247.939.558

Hutang sewa guna usaha Kewajiban diestimasi atas imbalan kerja JUMLAH KEWAJIBAN TIDAK LANCAR HAK MINORITAS

NON CURRENT LIABILITIES

5.526.087.414

7.730.569.466

Long term liabilities-net of current maturities: Bank loan Obligation under Capital lease Estimated liabilities on employees’ benefits TOTAL NON CURRENT LIABILITIES

13.720.243.727

15.972.138.297

MINORITY INTEREST

786.872.283

21 2i, 22

899.938.714

4.619.860.020

2m, 23

4.823.095.854

Modal saham-nilai nominal per saham Rp 200 modal dasar 6.711.459.120 saham modal ditempatkan dan disetor penuh 1.877.002.550 saham. Tambahan modal disetor

375.400.510.000 (5.129.843.622)

Laba belum direalisasi atas investasi efek Saldo laba (rugi)

11.960.964.260 (16.088.894.998)

JUMLAH KEWAJIBAN, HAK MINORITAS DAN EKUITAS

2.007.534.898

119.355.111

EKUITAS

JUMLAH EKUITAS

Current portion of long term liabilities: Bank loan Obligation under capital lease

272.867.517.345 TOTAL CURRENT LIABILITIES

212.836.381.875

KEWAJIBAN TIDAK LANCAR Hutang jangka panjangdikurangi bagian jatuh tempo dalam waktu satu tahun : Hutang bank

Short term loan Trade payables: Related parties Third parties Others payables: Related parties Third parties Taxes payable Accrued expenses

366.142.735.640

598.225.448.656


24 25

STOCKHOLDERS’ EQUITY Capital stock-par value of Rp 200 per share authorized capital - 6,711,459,120 shares issued and fully paid capital - 1,877,002,550 shares. 375.400.510.000 (5.129.843.622) Additional paid in capital

2.149.375.676

Retained earnings

372.420.042.054

TOTAL STOCKHOLDER’S EQUITY

668.990.267.162

TOTAL LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS’ EQUITY




PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN LABA RUGI KONSOLIDASIAN Tahun yang berakhir tanggal 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME For the year ended December 31, 2006 (With comparative figures December 31, 2005)




Catatan/ Notes

2005

PENJUALAN

342.732.489.917

2k, 26

383.384.858.378

SALES

BEBAN POKOK PENJUALAN

304.494.760.988

2k, 27

316.531.121.600

COST OF SALES

66.853.736.778

GROSS PROFIT

27.997.210.463 40.085.521.426

OPERATING EXPENSES Selling General and Administrative

LABA KOTOR

38.237.728.929

BEBAN USAHA Penjualan Umum dan administrasi

34.974.513.035 24.201.529.390

TOTAL

59.176.042.425

68.082.731.889

TOTAL

(20.938.313.496)

(1.228.995.111)

LOSS FROM OPERATIONS

1.772.364.848

OTHER INCOME (EXPENSES) - NET

543.389.737

INCOME (LOSS) BEFORE INCOME TAX

RUGI USAHA PENDAPATAN (BEBAN) LAINLAIN-BERSIH LABA (RUGI) SEBELUM PAJAK PENGHASILAN

(7.377.023.351)

2k, 28 2k, 28

29

(28.315.336.847)

MANFAAT (BEBAN) PAJAK PENGHASILAN Pajak kini Pajak tangguhan

(133.773.198) 9.949.441.410

(5.270.871.000) 3.771.632.660

INCOME TAX BENEFIT (EXPENSE) Current tax Deferred tax

JUMLAH MANFAAT (BEBAN) PAJAK PENGHASILAN

9.815.668.212

(1.499.238.340)

TOTAL INCOME TAX BENEFIT (EXPENSE)

RUGI SEBELUM HAK MINORITAS ATAS LABA BERSIH PERUSAHAAN ANAK

(18.499.668.635)

(955.848.603)

LOSS BEFORE MINORITY INTERESTS

HAK MINORITAS ATAS LABA BERSIH PERUSAHAAN ANAK

261.397.961

(1.075.932.101)

MINORITY INTERESTS

(18.238.270.674)

(2.031.780.704)

NET LOSS

(1.08)

LOSS PER SHARE

RUGI BERSIH RUGI PER SAHAM-DASAR

2l,19b

(9,72)


2n, 34




PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN Tahun yang berakhir tanggal 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended December 31, 2006 (With comparative figures December 31, 2005)


CATATAN/ NOTES

SALDO PER 31 DESEMBER 2004 Rugi belum direalisasi dari efek tersedia untuk dijual

MODAL SAHAM/ CAPITAL STOCK

375.400.510.000

2e,4


RUGI BELUM DIREALISASI DARI EFEK TERSEDIA UNTUK DIJUAL/ UNREALIZED TAMBAHAN GAIN (LOSS) MODAL DISETOR/ FROM STOCK ADDITIONAL AVAILABLE FOR PAID IN CAPITAL SALE

(5.129.843.622)

-

-

Rugi bersih SALDO PER 31 DESEMBER 2005

375.400.510.000

(5.129.843.622)

Laba belum direalisasi dari efek tersedia untuk dijual

-

-

Rugi bersih

-

-

SALDO PER 31 DESEMBER 2006

375.400.510.000

(5.129.843.622)


57.902.892

SALDO LABA/ RETAINED EARNINGS

JUMLAH EKUITAS/ TOTAL EQUITY

4.181.156.380

374.509.725.650

BALANCE PER DECEMBER 31, 2004 Unrealized loss from stock available for sale

(57.902.892)

-

(57.902.892)

-

(2.031.780.704)

(2.031.780.704)

Net Loss

372.420.042.054

BALANCE PER DECEMBER 31, 2005

-

11.960.964.260

Unrealized gain from stock available for sale

- (18.238.270.674)

(18.238.270.674)

Net Loss

366.142.735.640

BALANCE PER DECEMBER 31, 2006

-

11.960.964.260

2.149.375.676

11.960.964.260 (16.088.894.998)




PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN ARUS KAS KONSOLIDASIAN Tahun yang berakhir tanggal 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended December 31, 2006 (With comparative figures December 31, 2005)



2006

2005 CASH FLOWS FROM OPERATING ACTIVITIES

ARUS KAS DARI AKTIVITAS OPERASI Penerimaan dari pelanggan Pembayaran kepada pemasok dan pihak ketiga Pembayaran kepada karyawan Pembayaran pajak bersih Penerimaan dari pihak hubungan Istimewa Penerimaan denda Pembayaran denda ARUS KAS BERSIH DIPEROLEH DARI (DIGUNAKAN UNTUK) AKTIVITAS OPERASI

214.754.072.345

435.431.134.064

(244.762.261.798) (21.821.541.305) (20.762.056.535)

(496.387.102.879) (29.549.981.035) (1.533.553.381)

82.542.312.394 675.305.613 (215.218.085)

6.628.971.021 -

NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES 10.410.612.629

(85.410.532.210)

ARUS KAS DARI AKTIVITAS INVESTASI

CASH FLOWS FROM INVESTING ACTIVITIES

Pelepasan investasi jangka pendek Penempatan investasi jangka pendek Hasil dari penjualan aktiva tetap Penerimaan bunga Perolehan aktiva tetap

(3.352.028.292)

39.806.988.112 (1.000.000.000) 2.578.803.099 577.946.118 (77.304.598.749)

ARUS KAS BERSIH DIGUNAKAN UNTUK AKTIVITAS INVESTASI

(1.774.523.104)

(35.340.861.420)

1.363.835.740 213.669.448

ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan pinjaman bank Pembayaran pinjaman bank Pembayaran bunga Pembayaran hutang sewa guna usaha ARUS KAS BERSIH DIPEROLEH DARI (DIGUNAKAN UNTUK) AKTIVITAS PENDANAAN

Cash received from customers Cash paid to supplier and third parties Cash paid to employee Payment of taxes Cash received from related parties Penalty received Penalty paid

Disposal of short term investment Acquisition of short term investment Proceeds from sale of fixed asset Interest income Acquisition of fixed assets NET CASH FLOWS USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES

326.014.160 (2.425.288.125) (11.239.957.550)

122.043.850.996 (634.121.699) (1.375.561.583)

(367.854.612)

-

(13.707.086.127)

120.034.167.714

Laba (rugi) selisih kurs yang belum direalisasi atas kas dan setara pada akhir tahun

-

Proceeds from bank loan Payment of bank loan Payment interest Payment of obligation under capital lease NET-CASH FLOWS FROM FINANCING ACTIVITIES

Effect on unrealized gain (loss) on foreign exchange on cash on hand 119.482.492 and in banks at the end of the year

PENURUNAN BERSIH KAS DAN SETARA KAS

(5.070.996.602)

(597.743.424)

NET DECREASE IN CASH AND CASH EQUIVALENTS

SALDO KAS DAN SETARA KAS AWAL TAHUN

15.231.755.460

15.829.498.885

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR

SALDO KAS DAN SETARA KAS AKHIR TAHUN

10.160.758.858

15.231.755.461

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

528.022.076 7.403.750.521 2.228.986.261

559.594.757 13.472.160.704 1.200.000.000

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR: Cash Bank Time deposit

10.160.758.858

15.231.755.461

TOTAL

KAS DAN SETARA KAS AKHIR TAHUN, TERDIRI DARI: Kas Bank Deposito berjangka JUMLAH




Report No. : 098 /07 Page : 7 of 44

PT AGIS Tbk DAN PERUSAHAAN ANAK Catatan Atas Laporan Keuangan Konsolidasian 31 Desember 2006 (Dengan perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIES Notes To The Consolidated Financial Statements December 31, 2006 (With comparative figures December 31, 2005)

(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

(Expressed in Rupiah, unless otherwise stated)

1. General

1. Umum

a. The Company’s Establishment

a. Pendirian Perusahaan PT AGIS Tbk (“Perusahaan”) didirikan berdasarkan Akta No. 41 tanggal 9 Januari 1981 dibuat oleh Soetjipto, SH, notaries di Surabaya yang diubah dengan Akta No. 1 tanggal 1 Juni 1982 dibuat dihadapan notaries yang sama. Kedua akta tersebut telah mendapat pengesahan dari Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-261.HT.01.01.TH.83 tanggal 14 Januari 1983 serta diumumkan dalam Berita Negara Republik Indonesia No. 27, Tambahan No. 450.

PT AGIS Tbk (“the Company”) was established on January 9, 1981 based on notaries deed No. 41 of Soetjipto, SH, notary in Surabaya that changed June 1, 1982 with deed No. 1 of same notary. Both have been approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No.C2261.HT.01.01.TH.83 dated January 14, 1983 and published in Supplement No. 450 to the State Gazette of the Republic of Indonesia No. 27.

Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, antara lain berdasarkan pernyataan keputusan berita acara Rapat Umum Luar Biasa Pemegang Saham No. 123 tanggal 30 Juni 1999 dibuat oleh notaris Soetjipto, SH, para pemegang saham telah menyetujui perubahan nama Perusahaan dari PT Artha Graha Investama Sentral Tbk menjadi PT AGIS, Tbk. Akta perubahan tersebut telah mendapat persetujuan dari Menteri kehakiman Republik Indonesia Surat Keputusan No. C-15316.HT.01.04.TH.99 tanggal 24 Agustus 1999.

The Company’s articles of Association have been amended several times, the latest amendment of the Article of Association was made by Extra Ordinary General Meeting of Stockholders which was notarized by Soetjipto, SH in the deed No. 123 dated June 30, 1999 concerning the change of the company’s name from PT Artha Graha Investama Sentral Tbk to PT AGIS Tbk. The deed was approved by the Ministry of Justice of the Republic of Indonesia in its decision Letter No C-15316.HT.01.04.TH.99 dated August 24, 1999.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkup kegiatan Perusahaan meliputi bidang industri sepatu dan komponennya, industri elektronika dan komponennya termasuk pemasangan, pemeliharaan serta perawatannya dan bidang perdagangan umum. Saat ini Perusahaan terutama bergerak dalam bidang perdagangan umum dan perdagangan barang elektronika.

In accordance with article 3 of the Company’s articles of association, the scope of its activities is mainly in the field of footwear and its component, electronic industry and its components including installation, repair, maintenance and general trading. The Company is currently engaged in general trading and electronic trading.

Perusahaan memulai kegiatan komersialnya pada bulan Januari 1981.

The Company started its commercial operations in 1981.

Perusahaan berkantor pusat di Jakarta dan mempunyai cabang di Surabaya (non aktif) di Desa Cangking, Malang, Beji, Kabupaten Pasuruan.

The Company’ head office is domiciled in Jakarta and its branch is located in Surabaya (non-active) at Cangking village, Malang, Beji, Pasuruan. b. The Board of Commissioners and Directors

b. Susunan Komisaris dan Direksi

Based on Minutes of Meeting Deed No. 70 Dated June 30, 2006 by notary Sugito Tedjamulja, SH, the composition of Board of Commisioners and Directors as of December 31, 2006 and 2005 are as follows:

Sesuai dengan Pernyataan Keputusan rapat No. 70 tanggal 30 Juni 2006 dari notaris Sugito Tedjamulja, SH, susunan Dewan Komisaris dan Direksi pada 31 Desember 2006 dan 2005 adalah sebagai berikut:

2006 Komisaris Presiden Komisaris Komisaris Komisaris Independen

Sng Sze Hiang Yayat Suryatma Drs. Imam Subechi, MBA

Commissioners President Commisioner Commisioner Independent Commisioner

Direksi Direktur Utama Wakil Direktur Utama Direktur

Jhonny Kesuma Bintoro Tjitrowirjo Eka Hikmawati Supriyadi

Directors President Director Vice President Director Director






(Expressed in Rupiah, unless otherwise stated) 1. General (continued)

1. Umum (lanjutan)

b. The Board of Commissioners and Directors (continued)

b. Susunan Komisaris dan Direksi (lanjutan) 2005 Komisaris Presiden Komisaris Komisaris Komisaris Independen

Direksi Direktur Utama Wakil Direktur Utama Direktur

c. Perusahaan Anak

PT JCL Indonesia dan Perusahaan Anak/and its subsidiary PT JCL Semarang PT Agis Mitra Mandiri (d/h Agis Multi Media) dan Perusahaan Anak / and its subsidiaries PT Bhakti Media International dan Perusahaan Anak/ andsubsidiaries PT Mediate Indonesia PT Multi Advertensi Xambani dan Perusahaan anak/ and subsidiaries PT Cinta Komunikasi gagasan Semesta

In 2006 and 2005, the total employees of the Company and subsidiaries are about 600 and 616 people (unaudited). c. The Subsidiaries

Pada tanggal 31 Desember 2006 dan 2005 Perusahaan memiliki baik langsung maupun tidak langsung, lebih dari 50% saham perusahaanperusahaan anak berikut:

PT Agis Electronic dan Perusahaan anak/and its subsidiaries PT Artha Centra Graha PT Artha Wahana Prakarsa PT Artha Wahana Karya PT Artha Wahana Surya Pt Wacana Baru Asia PT Bukit Rimba Lestari

Directors President Director Vice President Director Director

Bambang Rudijanto Tanoessoedibjo Bintoro Tjitrowirjo Drs. Antonius Z. Tonbeng Oerianto Guyandi

Pada tahun 2006 dan 2005 rata-rata jumlah karyawan Perusahaan dan perusahaan anak sebanyak 600 dan 616 orang (tidak diaudit).

Perusahaan anak/Subsidiaries

Commissioners President Commisioner Commisioner Independent Commisioner

Bambang Hari Iswanto Tanoesoedibjo Hary Djaja Drs. Imam Subechi, MBA Yohanes Waworontu Stephen Kurniawan Sulistyo

Lokasi/ Domcilied

Jenis Usaha/ Scope of Busines

Jakarta Perdagangan Elekronik Jakarta Distribusi Produk Sony Palembang Distribusi Produk Sony Bandung Distribusi Produk Sony Makassar Distribusi Produk Sony Jakarta Distribusi Produk Sony Jakarta Kontraktor, Perdagangan dan Jasa Jakarta Semarang Jakarta

Jasa Logistik dan Forwarding Jasa Logistik dan Forwarding Perdagangan Umum, Distributor dan Lain - lain

As of December 31, 2006 and 2005, the consolidated financial statements include the accounts of the Company and its subsidiaries, which are owned more than 50% directly or indirectly, consisting of: Persentase Pemilikan %/ Ownership 2006 2005

Tahun Beroperasi/ Year of operation

Jumlah Aktiva/Total Assets

2006

2005

98.50 95.00 70.00 70.00 100.00 70.00 99.50

98,50 100,00 70,00 70,00 100,00 100,00 99,5

1996 1999 1996 1997 1997 2002 2005

358.036.924.752 1.570.817.048 11.470.603.289 20.697.218.801 3.149.155.073 18.037.506.502 116.506.474.775

331.040.229.014 5.422.639.741 8.632.849.297 14.039.769.336 1.721.487.106 6.200.579.002 116.508.017.019

50.02 51.00

50,02 51,00

1997 2002

8.877.306.931 2.856.740.779

6.996.516.645 3.433.160.509

211.057.902.925

356.776.629.763

99.99

99,99

2001

Jakarta Jakarta

Produksi Film, Hiburan, Iklan dan Komunikasi Media Advertensi

-

80,00 100,00

2000 2001

-

137.280.498.600 54.314.739.204

Jakarta

Media Advertensi

-

51,20

1996

-

11.890.730.585

Jakarta

Media Iklan dan Komunikasi Produksi Film, Hiburan, dan Iklan Operator Jaringan Telekomunikasi Perdagangan, pembangunan, industri,dll Perdagangan, pembangunan,industri,dll Perdagangan, pembangunan,industri,dll Perdagangan, pembangunan,industri,dll Perdagangan, pembangunan,industri,dll

PT Asia Media Internasional

Jakarta

PT Bhakti Telecommunication Asia

Jakarta

PT Bahana Karya Persada

Jakarta

PT Muzio Multimedia

Jakarta

PT Citra Damai Abadi

Jakarta

PT Indah Karya Perdana

Jakarta

PT Mitra Sumber Berkat

Jakarta

Berdasarkan akta No.24 tanggal 18 Oktober 2006, oleh Notaris Edward S.H Notaris di Jakarta mengenai Pernyataan Keputusan Pemegang Saham PT Agis Multimedia, Perusahaan tersebut telah melakukan perubahan anggaran dasar yang antara lain berisi perubahan nama menjadi PT Agis Mitra Mandiri (AMM), sampai dengan tanggal pelaporan perubahan nama tersebut belum mendapati persetujuan dari pihak yang berwenang.

-

80,00

2004

99.00

99,00

2001

8.671.749.589

-

38.563.104.706

5.176.682.240

88.00

99,00

2001

12.810.621.535

7.815.931.743

99.00

-

2006

5.000.000.000

-

80.00

-

2006

2.000.000.000

-

0.00

-

2006

2.000.000.000

-

70.00

-

2006

2.000.000.000

-

70.00

-

2006

3.000.000.000

-

Based on Notary Deed of Edwar, S.H No. 24 dated October 18, 2006, in Jakarta, concerning the Stockholders’ decision of PT Agis Multimedia, That Company has changed its article on association, concerning among others, change of the Company’s name to PT Agis Mitra Mandiri (AMM), until the due date report has not been approved by authorized.







1. Umum (lanjutan) c. Perusahaan Anak (lanjutan)

1. General (continued) c. The Subsidiaries (continued)

Berdasarkan Pernyataan keputusan pemegang saham PT Agis Multimedia, akta notaris No.16 tanggal 18 Juli 2006 oleh notaris Edward S.H., Notaris di Jakarta PT Agis Multimedia, Perusahaan anak, telah melepas semua kepemilikan sahamnya sebesar 80% pada PT Bhakti Media International (BMI) kepada PT Bahana Bumi Cemerlang dengan harga penjualan sebesar Rp 20.000.000.000 sesuai dengan ketentuanketentuan di dalam perjanjian. Pembayaran tersebut dilakukan oleh PT Bahana Bumi Cemerlang kepada PT Agis Multimedia dengan menerbitkan (Promissory Note) No. 001/BBC-PN/VII/06 tertanggal 27 Juli 2006. (Lihat catatan11)

Based on Stockholders’ decision of PT Agis Multimedia, Notary Deed of Edwar, S.H No. 16 dated July 18 2006, Notary in Jakarta. PT Agis Multimedia a subsidiary, has been sold all of ownership share of 80% in, from PT Bhakti Media International (BMI) to PT Bahana Bumi Cemerlang with sales price amounting Rp 20.000.000.000 approriate with the agreement. The payment conducted by PT Bahana Bumi Cemerlang to PT Agis Multimedia by issuing with Promissory Note N0 001/BBC-PN/VII/06 dated of July 27, 2006. (See notes 11)

Pada tahun 2006, PT Agis Mitra Mandiri, perusahaan anak, mendirikan PT Bahana Karya Persada dengan kepemilikan 99% berdasarkan akta pendirian perseroan No.4 tanggal 30 Nopember 2006 oleh Notaris Edward,SH, Notaris di Jakarta, sampai tanggal pelaporan belum mendapatkan pengesahan dari pihak yang berwewenang.

In 2006, PT Agis Mitra Mandiri, a subsidiary, estabilished PT Bahana Karya Persada with the ownership of 99% pursuant to the deed of notary of Edwar, S.H No.4 dated by November 30, 2006 Notary in Jakarta, until the due date report, the deed has not been approved by authorized.

Pada tahun 2006, PT Agis Mitra Mandiri, perusahaan anak, mendirikan PT Muzio Multimedia dengan kepemilikan 80% berdasarkan akta pendirian perseroan No.10 tanggal 28 Desember 2006 oleh Notaris Edward,SH, Notaris di Jakarta, sampai tanggal pelaporan belum mendapatkan pengesahan dari pihak yang berwewenang.

In 2006, PT Agis Mitra Mandiri, a subsidiary, estabilished PT Muzio Multimedia with the ownership of 80% pursuant to the deed of notary of Edwar, S.H No.10 dated by December 28, 2006, Notary in Jakarta, until the due date report has not been authorized.

Pada tahun 2006, PT Agis Mitra Mandiri, perusahaan anak, mendirikan PT Citra Damai Abadi dengan kepemilikan 80% berdasarkan akta pendirian perseroan No.8 tanggal 28 Desember 2006 oleh Notaris Edward,SH, Notaris di Jakarta, sampai tanggal pelaporan belum mendapatkan pengesahan dari pihak yang berwewenang.

In 2006, PT Agis Mitra Mandiri, a subsidiary, estabilished PT Citra Damai Abadi with the ownership of 80% pursuant to the deed of notary of Edwar, S.H No.8 dated by December 28, 2006, Notary in Jakarta, until the due date report, the deed has not been authorized.

Pada tahun 2006, PT Agis Mitra Mandiri, perusahaan anak, mendirikan PT Indah Karya Pratama dengan kepemilikan 70% berdasarkan akta pendirian perseroan No.9 tanggal 28 Desember 2006 oleh Notaris Edward,SH, Notaris di Jakarta, sampai tanggal pelaporan belum mendapatkan pengesahan dari pihak yang berwewenang.

In 2006, PT Agis Mitra Mandiri, a subsidiary, estabilished PT Indah Karya Pratama with the ownership of 70% pursuant to the deed of notary of Edwar, S.H No.9 dated by December 28, 2006, Notary in Jakarta, until the due date report, the deed has not been authorized.

Pada tahun 2006, PT Agis Mitra Mandiri, perusahaan anak, mendirikan PT Mitra Sumber Berkat dengan kepemilikan 70% berdasarkan akta pendirian perseroan No.5 tanggal 6 Desember 2006 oleh Notaris Edward,SH, Notaris di Jakarta, sampai tanggal pelaporan belum mendapatkan pengesahan dari pihak yang berwewenang.

In 2006, PT Agis Mitra Mandiri, a subsidiary, estabilished PT Mitra Sumber Berkat with the ownership of 70% pursuant to the deed of notary of Edwar, S.H No.5 dated by December 6, 2006, Notary in Jakarta, until the due date report, the deed has not been authorized.

Berdasarkan akta No. 25 tanggal 26 Agustus 2005 oleh notaris Edwar, SH. Notaris di Jakarta, tentang pernyataan keputusan pemegang saham PT Artha Wahana Surya (AWS), perusahaan anak, bahwa 600 saham milik Soandy Gozali dijual kepada PT Agis Electronic dengan harga penjualan sebesar Rp 550.000.000.

Based on Notary Deed of Edwar, S.H No. 25 dated August 26, 2005, Notary in Jakarta, concerning the stockholders’ decision of PT Artha Wahana Surya (AWS), a subsidiary, that 600 shares owned by Soandy Gozali was sold to PT Agis Electronic with sales price amounting Rp 550,000,000.


Report No. : 098 /07 Page : 10 of 44





1. Umum (lanjutan) c. Perusahaan Anak (lanjutan) Berdasarkan keputusan pemegang saham diluar rapat umum pemegang saham PT Bukit Rimba Lestari, sebagaimana akte No. 3 dari Edwar, SH, notaris di Jakarta tanggal 7 November 2005, pemegang saham telah menyetujui untuk meningkatkan modal dasar dan modal disetor PT Bukit Rimba Lestari masingmasing menjadi Rp 100.000.000.000 dan Rp 70.000.000.000. Dari jumlah tersebut telah ditempatkan dan disetor oleh PT Agis Electronic sebesar Rp 69.640.000.000, sehingga 99,5% saham PT Bukit Rimba Lestari dimiliki oleh PT Agis Electronic, dan laporan keuangan PT Bukit Rimba Lestari di konsolidasikan ke laporan keuangan PT Agis Electronic. d. Penawaran Umum Efek Perusahaan

1. General (continued) c. The Subsidiaries (continued) Based on Stockholders’ decision beyond the general meeting of stockholders of PT Bukit Rimba Lestari, which was notarized by Edwar, SH, notary in Jakarta, in the deed No. 3 dated November 7, 2005, stockholders agreed to increase authorized capital and paid-up capital of PT Bukit Rimba Lestari each becoming Rp 100.000.000.000 and Rp 70.000.000.000. From which has been issued and paid-in by PT Agis Electronic amounted Rp 69.640.000.000, accordingly, PT Agis Electronic owns 99,5% shares of PT Bukit Rimba Lestari and financial statements of PT Bukit Rimba Lestari was consolidated to PT Agis Electronic financial statements. d. The Company’s Public Offerings

Pada tanggal 28 Desember 1994, Perusahaan memperoleh pernyataan efektif dari Ketua Badan Pengawas Pasar Modal (BAPEPAM) dengan suratnya No. S-2048/PM/1994 untuk melakukan Penawaran Umum Perdana atas 10.000.000 saham-saham Perusahaan telah dicatatkan pada Bursa Efek Jakarta dan Bursa Efek Surabaya.

On December 28, 1994, the Company obtained the effective statement from the chief of the Capital Market Supervisory Agency (“BAPEPAM”) in its Decision Letter No. S-2048/PM/1994 to conduct the initial public offering of 10,000,000 shares and listed in the Jakarta and Surabaya Stock Exchange.

Pada tanggal 15 Maret 1997, Perusahaan memperoleh pernyataan efektif dari Ketua Bapepam dengan suratnya No. S-358/PM/1997 untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih dahulu sebanyak 68.500.000 saham. Pada tanggal 4 April 1997, saham-saham tersebut dicatatkan pada Bursa Efek Jakarta dan Bursa Efek Surabaya.

On March 15, 1997, the Company obtained the effective statement from the chief of the Capital Market Supervisor Agency (“BAPEPAM”) in its Decision Letter No. S-358/PM/1997 to conduct Rights Issue of 68.500.000 shares and listed in Jakarta and Surabaya Stock Exchange on April 4, 1997.

Pada tanggal 22 Maret 2001, Perusahaan memperoleh pernyataan efektif dari Ketua Bapepam dengan suratnya No. S-603/PM/1997 untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih dahulu sebanyak 1.956.360.000 saham dan 366.817.500 waran yang disertakan.

On March 22, 2001, the Company obtained the effective statement from the chief of the Capital Market Supervisor Agency (“BAPEPAM”) in its Decision Letter No. -603/PM/1997 to conduct Rights Issue of 1,956,360,000 shares with 366,817,500 warrants and listed in Jakarta and Surabaya Stock Exchange.

Dari jumlah tersebut jumlah saham yang terealisasi sampai tanggal 31 Desember 2001 adalah sebanyak 1.168.774.780 lembar saham, sehingga jumlah saham yang beredar pada tanggal 31 Desember 2001 sebanyak 1.657.864.780 lembar saham.

Until December 31, 2001, from the total of shares that has been realized are 1.168,774,780 shares, so that total of outstanding shares as at December 31, 2001 is 1,657,864,780 shares.

Pada tanggal 7 Januari 2002 sebanyak 20.000.000 lembar waran yang diterbitkan telah dikonversi menjadi 20.000.000 lembar saham, sehingga jumlah saham yang beredar pada tanggal 31 Desember 2002 sebanyak 1.677.864.780 lembar saham.

On January 7, 2002, 20,000,000 warrants issued have been converted to 20,000,000 shares, so that total of outstanding shares as of December 31, 2002 is 1,677,864,780 shares.

Pada tanggal 24 Maret 2004 dan 21 April 2004 masing-masing sebesar 4.419.000 dan 194.718.770 lembar waran yang diterbitkan telah dikonversi menjadi 199.137.770 lembar saham, sehingga jumlah saham yang beredar menjadi sebanyak 1.877.002.550 lembar saham. Seluruh tambahan saham tersebut telah dicatatkan pada Bursa Efek Jakarta dan Bursa Efek Surabaya pada tanggal 27 April 2004.

On March 24, 2004 and April 21, 2004 each 4,419,000 and 194,718,770 warrants issued have been converted to 199,137,770 shares, so that total of outstanding shares becomes 1,877,002,550 shares. On April 27, 2004, all additional shares have been listed in Jakarta and Surabaya Stock Exchange.


Report No. : 098 /07 Page : 11 of 44





2. Ikhtisar Kebijakan Akuntansi a. Dasar Pengukuran dan Penyusunan Laporan Keuangan Konsolidasian

2. Summary of Accounting Policies a. Basis of Measurement and Preparation Consolidated Financial Statements

of

Laporan keuangan konsolidasian disajikan sesuai dengan prinsip akuntansi yang berlaku umum di Indonesia yaitu Standar Akuntansi keuangan, peraturan Badan pengawas Pasar Modal (“BAPEPAM”) dan Pedoman Penyajian dan Pengungkapan Laporan Keuangan Emiten dan perusahaan Publik Industri Perdagangan yang ditetapkan oleh Bapepam.

The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in Indonesia that is Financial Accounting Standard, Regulations of Capital Market Supervisor Agency (“BAPEPAM”) and Guidelines in the Presentation and Disclosure of Financial Statements of Emiten and Public Trading Industry Company that specified by Bapepam.

Dasar pengukuran laporan keuangan ini adalah konsep biaya perolehan (historical cost), kecuali untuk investasi dalam efek tertentu yang dicatat sebesar nilai wajarnya dan persediaan yang dinyatakan sebesar nilai yang lebih rendah antara harga perolehan dan nilai realisasi bersih (the lower of cost or net realizable value). Laporan keuangan disusun dengan metode akrual kecuali laporan arus kas.

The consolidated financial statements have been prepared on the historical cost basis of accounting, except for certain investments in securities, which are stated at net realizable value and inventories are valued at the lower cost or net realizable value. The financial statements have been prepared on accrual basis, except for the statements of cash flows.

Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung (direct method) dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan.

The statements of cash flows are prepared based on the direct method by classifying cash flows on the basis of operating, investing and financing activities.

Mata uang pelaporan yang digunakan dalam penyusunan laporan keuangan ini adalah rupiah.

The reporting currency used statements is Indonesian Rupiah.

b. Prinsip-prinsip Konsolidasi

in

the

financial

b. Principles of Consolidation

Laporan keuangan konsolidasian meliputi laporan keuangan Perusahaan dan perusahaan-perusahaan anak sebagaimana yang disajikan dalam catatan 1.c. Hasil usaha perusahaan anak yang diperhitungkan kedalam laporan keuangan konsolidasian hanya terbatas pada saat pengendalian tersebut mulai diperoleh atau hingga saat pengendalian atas perusahaan anak berakhir.

The consolidated financial statements include the accounts of the Company and Subsidiaries as mentioned in Note 1.c. Result of oprations from subsidiaries recognized into consolidated financial statements are limited only from the moment of control over subsidiaries exists or until the control no longer exists.

Suatu pengendalian atas suatu perusahaan anak dianggap ada bilamana perusahaan induk menguasai baik langsung maupun tidak langsung lebih dari 50% (lima puluh persen) hak suara di perusahaan anak; atau perusahaan induk dapat menentukan kebijakan keuangan dan operasi dari perusahaan anak; atau mempunyai kemampuan untuk memberhentikan atau menunjuk mayoritas anggota dewan direksi di perusahaan anak.

A control for subsidiaries assumed exists if parent company directly or indirectly owned more than 50% voting shares in the subsidiaries; or parent company confers significant influence over the operating or financial decisions in subsidiaries or has the ability to terminate or appoint a major member of the board of directors in subsidiaries.

Penyajian laporan keuangan konsolidasian dilakukan berdasarkan konsep satuan usaha (entity concept). Seluruh akun, transaksi dan laba yang signifikan antar perusahaan yang dikonsolidasikan dieliminasi untuk mencerminkan posisi keuangan dan hasil usaha sebagai satu kesatuan.

The consolidated financial statements have been prepared based on the entity concept. All significant intercompany accounts, transactions and profit have been eliminated to reflect the consolidated financial position and the results of operations as a whole.

c. Saldo dan Transaksi dalam Mata Uang Asing Transaksi-transaksi selama tahun berjalan dalam mata uang asing dicatat dengan kurs yang berlaku pada saat terjadinya transaksi. Pada tanggal neraca, aktiva dan kewajiban moneter dalam mata asing disesuaikan untuk mencerminkan kurs yang berlaku pada tanggal tersebut. Keuntungan atau kerugian kurs disesuaikan untuk mencerminkan kurs yang berlaku pada tanggal tersebut.

c. Foreign Currency Transactions and Balances Transactions involving foreign currencies are recorded in Indonesian Rupiah at the rates of exchange prevailing at the time the transaction are made. At balance date, monetery assets and liabilities denominated in foreign currencies are adjusted to Indonesian Rupiah to reflect the prevailing middle rates of exchange at such date.


Report No. : 098 /07 Page : 12 of 44




(Expressed in Rupiah, unless otherwise stated) 2. Summary of Accounting Policies (continued)

2. Ikhtisar Kebijakan Akuntansi (lanjutan) c. Saldo dan Transaksi dalam Mata Uang Asing (lanjutan)

c. Foreign Currency Transactions and Balances (continued)

Keuntungan atau kerugian kurs yang timbul dikreditkan atau dibebankan dalam laporan laba rugi konsolidasian tahun yang bersangkutan.

Any resulting gains or losses are credited or charged to the consolidated statement of income for the year.

Kurs yang digunakan untuk menjabarkan aktiva dan kewajiban moneter adalah kurs tengah Bank Indonesia per 31 Desember 2006 dan 2005, yaitu sebagai berikut:

As of December 31, 2006 and 2005, the middle rates of exchange to adjust6monetary assets and liabilities as published by Bank Indonesia are as follows:

USD HKD SGD

2006

2005

9.020 1.160,41 5.878,73

9.830,00 1.267,83 5.913,50

d. Setara Kas Setara kas adalah deposito jangka pendek yang jangka waktunya sama dengan atau kurang dari 3 (tiga) bulan sejak tanggal penempatannya dan tidak dijaminkan. e. Investasi

USD HKD SGD

2006

2005

9,020 1,160.41 5,878.73

9,830.00 1,267.83 5,913.50

d. Cash Equivalents Cash equivalents is time deposits with maturity periods of three months or less at the time of placement and not used as collateral for loans. e. Investment

Deposito Berjangka Deposito berjangka yang jatuh temponya kurang dari 3 (tiga) bulan namun dijaminkan atau telah ditentukan penggunaannya dan deposito berjangka yang jatuh temponya lebih dari 3 (tiga) bulan sejak saat penempatan disajikan sebagai investasi jangka pendek. Deposito disajikan sebesar nilai nominal.

Time Deposits Time deposits with maturity periods less of three months and not pledged as collateral for loans or appropriated and time deposits with maturity periods more than three months at the time of placement presented as short-term investments. Deposits recorded on its nominal value.

Efek Tertentu Investasi pada efek hutang dan ekuitas yang nilai wajarnya tidak tersedia diakui pada harga perolehan. Untuk investasi pada efek hutang yang nilai wajarnya tersedia, manajemen menentukan klasifikasi yang tepat atas investasi tersebut pada tanggal neraca kedalam salah satu kategori berikut ini:

Certain Investments in Securities Investment in debt securities and equity securities with readily undeterminable fair values are recognized at cost. For investment in debt securities with readily determinable fair values, management determines the correct classification for the investment at the time of acquirement and evaluate the classification at the date of balance sheet into one of the following categories:

Diperdagangkan Efek untuk “diperdagangkan” disajikan di neraca sebesar nilai wajarnya dan keuntungan atau kerugian yang belum direalisasikan diakui dalam laporan laba rugi.

Trading Securities acquired for trading are presented on balance sheet at its fair value and unrealized gain or loss is recognized in the current year.

Dimiliki hingga jatuh tempo Merupakan aktiva keuangan dengan pembayaran dan kepastian tanggal jatuh tempo. Efek yang dimiliki hingga jatuh tempo disajikan dalam neraca sebesar biaya perolehan setelah amortisasi premi atau diskonto.

Held to maturity Representing asset of finance with certain payment and due date. Held to maturity Securities is presented on the balance sheet at cost less amortization of premium or discount.

Tersedia untuk dijual Efek yang termasuk dalam kelompok ini adalah efek yang tidak memenuhi kriteria “diperdagangkan” atau “dimiliki hingga jatuh tempo”. Efek ini disajikan di neraca sebesar nilai wajarnya dan keuntungan atau kerugian yang belum direalisasi disajikan sebagai komponen ekuitas. Pada saat efek tersebut dijual atau dilepas, akumulasi keuntungan atau kerugian yang sebelumnya diakui sebagai komponen ekuitas diakui dalam laporan laba rugi.

Available for sale Available for sales Securities include securities acquired other than for trading or held to maturity. This category of securities is presented on balance sheet at its fair value and unrealized gain or loss is as a component of equity. At the time of the securities sold or redemption, accumulation of gain or loss is previously recognized as a component of equity is reversed as realized gain or loss in the statement of income.


Report No. : 098 /07 Page : 13 of 44





2. Ikhtisar Kebijakan Akuntansi (lanjutan)

e. Investment (continued)

e. Investasi (lanjutan)

Investment in Associated Company Investment with ownership interest of 20% to 50%, directly or indirectly, justified with equity method that were presented as acquisition price, added or less with associated company gain or loss to the extent of ownership percentage since acquisition and less with accepted dividend. Association gain or loss adjusted for goodwill amortization with straight-line method during 5 years. If had permanent value decreased, the carrying value is deducted to recognize the impairment value and determined of each investment individually.

Investasi pada Perusahaan Asosiasi Investasi dengan pemilikan 20% sampai dengan 50%, baik langsung maupun tidak langsung, dipertanggungjawabkan dengan metode ekuitas yaitu dinyatakan sebesar biaya perolehan, ditambah atau dikurangi dengan bagian laba atau rugi perusahaan asosiasi sejak perolehan sebesar persentase pemilikan dan dikurangi dengan dividen yang diterima. Bagian laba atau rugi perusahaan asosiasi disesuaikan dengan amortisasi goodwill dengan menggunakan metode garis lurus selama 5 (lima) tahun. Bila terjadi penurunan nilai yang bersifat permanen, maka nilai tercatat dikurangi untuk mengakui penurunan tersebut yang ditentukan utnuk setiap investasi secara individu. f. Penyisihan Piutang Ragu-ragu

f. Provision for Dubtful Account

Penyisihan piutang ragu-ragu ditetapkan berdasarkan penelaahan yang mendalam terhadap kondisi masingmasing debitur pada akhir tahun. Saldo piutang dihapuskan melalui penyisihan piutang ragu-ragu yang bersangkutan atau langsung dihapuskan dari akun tersebut pada saat manajemen berkeyakinan penuh bahwa piutang tersebut tidak dapat ditagih.

Provision for doubtful accounts is provided based on a review of the condition of each debtor at the end of the year. The outstanding receivables are written off against the respective allowance for doubtful account or directly from the account at the time management believes that these receivables are determined to be definitely uncollectible.

g. Persediaan

g. Inventory

Persediaan dinyatakan sebesar nilai yang terendah antara harga perolehan dan nilai bersih yang dapat direalisasikan. Harga perolehan ditetapkan berdasarkan metode rata-rata bergerak (moving average method). Persediaan barang rusak dan usang (obsolete) dikeluarkan dari kelompok persediaan. Biaya untuk memproduksi sinema / film dikapitalisasi dan saat selesai diakui sebagai persediaan. Saat film diputar, persediaan ini diamortisasi berdasarkan proporsi pendapatan periode berjalan terhadap estimasi jumlah pendapatan yang akan diperoleh. Penyisihan persediaan usang ditentukan berdasarkan penelaahan terhadap keadaan persediaan pada akhir tahun.

Inventories are stated at the lower of cost or net realizable value. Cost is determined by the moving average method. Obsolete stocks are writen-off from inventories. Cost to produce cinemas/films were capitalized and recognized as inventories upon completion. Since the films have been played, this inventory is amortized proportionally based on current year’s profit toward estimated future income. Provisions for obsolescence are stated based on an observation to inventories condition by the end of the year.

h. Aktiva Tetap

h. Fixed Assets

Aktiva tetap dinyatakan sebesar harga perolehan dikurangi akumulasi penyusutannya. Aktiva tetap, kecuali tanah, disusutkan dengan menggunakan metode persentase tetap sesuai dengan taksiran masa manfaatnya sebagai berikut:

Fixed assets are stated at historical cost less accumulated depreciation. Fixed assets, except land, are depreciated with fixed percentage method over the estimated useful lives of the following assets:

Tahun/Year Bangunan dan Prasarana Peralatan Mesin dan Perbaikan Kendaraan bermotor Inventaris Kantor Tanah dinyatakan berdasarkan biaya perolehan dan tidak disusutkan. Hak atas tanah dinyatakan pada biaya perolehannya dan disajikan sebagai Beban Tangguhan yang diamortisasi sepanjang umur hukum atau umur ekonomis aktiva tanah, mana yang lebih pendek.

20 10 3-5 3-5

Building and facilities Machinery Equipments and Repairs Vehicles Office Inventories Land is stated based on historical cost and not amortized. Land right are stated at historical cost and presented as deferred cost that amortized with law period or useful lives, whichever is shorter.


Report No. : 098 /07 Page : 14 of 44





2. Ikhtisar Kebijakan Akuntansi (lanjutan) h. Aktiva Tetap (lanjutan) Beban pemeliharaan dan perbaikan dibebankan langsung ke laporan laba rugi pada saat terjadinya biaya-biaya tersebut. Sedangkan biaya-biaya yang sifatnya meningkatkan kondisi aktiva secara signifikan dikapitalisasi. Apabila suatu aktiva tetap tidak lagi digunakan atau dijual, biaya perolehan dan akumulasi penyusutan aktiva tetap tersebut dikeluarkan dari kelompok aktiva tetap dan keuntungan atau kerugian yang terjadi diperhitungkan dalam laporan laba rugi tahun bersangkutan. i. Transaksi Sewa Guna Usaha

2. Summary of Accounting Policies (continued) h. Fixed Assets (continued) The cost of maintenance and repairs are charged directly to income statements as incurred; significant renewal and betterments are capitalized. When assets are retired or otherwise disposed of, their costs and the related accumulated depreciation are removed from the accounts and any resulting gains or losses are reflected in the Statement of Income for the year.

i. Lease Transaction

Transaksi sewa guna usaha dikelompokkan sebagai capital lease apabila memenuhi seluruh kriteria berikut:

Lease transactions are accounted for under capital lease when all of the following criteria are present:

(a) Penyewa guna usaha memiliki hak opsi untuk membeli aktiva yang di sewa gunakan pada akhir masa sewa guna usaha dengan harga yang telah disetujui bersama pada saat dimulainya perjanjian sewa guna usaha;

(a) The leasee has an option to purchase the leased assets at the end of the lease period at a price mutually agreed upon at the commencement of the lease agreement;

(b) Seluruh pembayaran berkala yang dilakukan oleh penyewa guna usaha ditambah dengan nilai sisa mencakup pengembalian harga perolehan barang modal yang disewagunausahakan serta bunganya, sebagai keuntungan perusahaan sewaguna usaha.

(b) Total periodic payment plus residual value fully cover the acquisition cost of leased capital goods plus interest thereon which is the lessor’s profit (full pay out lease).

(c) Masa sewa guna usaha minimum 2 (dua) tahun.

(c) Lease period covers a minimum of two years.

Aktiva sewa guna usaha dengan hak opsi dinyatakan dalam neraca sebesar nilai dari seluruh pembayaran sewa guna usaha selama masa sewa ditambah nilai sisa (harga opsi) yang harus dibayar pada akhir masa sewa guna usaha. Penyusutan dihitung dengan menggunakan metode garis lurus (straight-line method) berdasarkan taksiran masa manfaat ekonomis yang sama dengan aktiva yang diperoleh dari pembelian biasa.

Assets under capital lease are stated in the balance sheets based on the present value of the lease payments at the beginning of the lease term plus residual value (option price) to be paid at the end of the lease period. Depreciation is computed using straightline method based on the similar estimated useful lives of assets acquired by ordinary purchase.

j. Aktiva Tidak Berwujud Biaya-biaya yang dikeluarkan sehubungan dengan paten merk AGIS (brand image) berupa biaya desain dan pengembangannya. Izin hak paten dan lainnya ditangguhkan dan diamortisasikan selama 5 (lima) tahun dengan metode garis lurus. k. Pengakuan Pendapatan dan Beban Pendapatan dari penjualan barang diakui pada saat perusahaan telah secara signifikan memindahkan risiko dan manfaat kepemilikan barang kepada pembeli yaitu untuk penjualan local pada saat penyerahan barang dan penjualan ekspor pada saat barang dikapalkan (FOB Shipping point). Pendapatan dari jasa perbaikan elektronik diakui pada saat jasa telah dilakukan. Disamping itu, tidak terdapat ketidakpastian yang signifikan sehubungan dengan arus penerimaan pendapatan dari penjualan dan biaya-biaya sehubungan dengan penjualan tersebut serta kemungkinan terjadinya pengembalian barang.

j. Intangible Assets Expenditures related to patent of trade mark of AGIS (brand image) in the form of expense design and development, licenses of patent right and other deferred expense and to be amortized in 5 (five) years using straight line method. k. Revenue and expense recognition Revenues from sales are recognized at the time the Company has significantly transferred the risk and ownership benefit of the services to customers, for local sales at the time of delivery of goods and export sales at the time of shipment (FOB Shipping point). Besides, there are no significant uncertainties of cash inflows and costs to the related sale and also the possibility of goods returned.


Report No. : 098 /07 Page : 15 of 44





2. Ikhtisar Kebijakan Akuntansi (lanjutan) k. Pengakuan Pendapatan dan Beban (lanjutan) Beban diakui sesuai manfaatnya pada tahun yang bersangkutan. l. Pajak Penghasilan dan Beban

2. Summary of Accounting Policies (continued) k. Revenue and expense recognition (continued) Expenses are recognized when incurred (accrual basis). l. Corporate income tax

Seluruh perbedaan temporar antara jumlah tercatat aktiva dan kewajiban dengan dasar pengenaan pajaknya diakui sebagai pajak tangguhan dengan metode kewajiban (liability method). Pajak tangguhan diukur dengan tarif pajak yang berlaku saat ini. Saldo rugi fiskal yang dapat dikompensasi diakui sebagai aktiva pajak tangguhan apabila besar kemungkinan bahwa jumlah laba fiscal dimasa yang mendatang akan memadai untuk dikompensasi. Koreksi terhadap kewajiban perpajakan diakui saat surat ketetapan pajak diterima atau jika mengajukan keberatan, pada saat keputusan atas keberatan tersebut telah ditetapkan.

All temporary differences arising between the tax bases of assets and liabilities and their carrying values are recognized as defferred tax using liability method. Currently enacted tax rates are used to determine deferred income tax. Deferred tax assets relating to the carryforward of unused tax losses are recognized to the extent that it is probable that the future taxable profit will be available against which the unused tax losses can be utilized. Correction to taxation obligation recognized as the taxes decision letter accepted or if raising objection, at the time of decision for the objections have been specified.

Pajak kini diakui berdasarkan laba kena pajak, yakni laba yang dihitung sesuai dengan peraturan perpajakan yang berlaku.

Current tax is recognized based on taxable income for the year, in accordance with the current tax regulation.

m. Kewajiban Diestimasi Atas Imbalan Kerja

m. Estimated Liabilities on Employees’ Benefits

Imbalan kerja jangka pendek diakui sebesar jumlah tak terdiskonto ketika pekerja telah memberikan jasanya kepada perusahaan dalam suatu periode akuntansi.

Short-term employee benefits are recognized at undiscounted amount when an employee has rendered service to the Company during an accounting period.

Imbalan pasca kerja diakui sebesar jumlah yang diukur dengan menggunakan dasar diskonto ketika pekerja telah memberikan jasanya kepada perusahaan dalam suatu periode akuntansi. Kewajiban dan beban diukur dengan menggunakan teknik aktuaria yang mencakup pula kewajiban konstruktif yang timbul dari praktik kebiasaan perusahaan. Dalam perhitungan kewajiban, imbalan harus didiskontokan dengan menggunakan metode projected unit credit.

Post-employee benefits are recognized at discounted amount when an employee has rendered service to the Company during an accounting period. Liabilities and expenses are measured using actuarial techniques that include constructive obligation that arises from the Company’s informal practices. In calculating the liabilities, benefits should be discounted by using projected unit credit method.

Pesangon pemutusan kontrak kerja diakui jika, dan hanya jika, perusahaan berkomitmen untuk:

Termination benefits are recognized when, and only when, the Company is demonstrably committed to either:

(a)

Memberhentikan seorang atau sekelompok pekerja sebelum tanggal pensiun normal; atau

(a) Terminate an employee or group of employee before the normal retirement date; or

(b)

Menyediakan pesangon bagi pekerja yang menerima penawaran mengundurkan diri secara sukarela.

(b) Provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

n. Laba per Saham Laba (rugi) bersih per saham dasar dihitung dengan membagi laba atau rugi bersih residual (laba atau rugi setelah pajak dikurangi dividen saham utama) yang tersedia bagi pemegang saham biasa dengan jumlah rata-rata tertimbang saham biasa dalam satu periode pelaporan. Laba (rugi) per saham dilusian mempertimbangkan pula efek lain yang diterbitkan bagi semua efek berpotensi saham biasa yang sifatnya dilutive yang beredar sepanjang periode pelaporan.

n. Earnings per Share Basic earnings per share are computed by dividing net residual income (earning after tax less with dividend of major stocks) available for common stockholder by the weighted average number of common shares outstanding during the year. Diluted earnings per share considering other securities issued that potentially to be dilutive common stock outstanding during the reporting year.


Report No. : 098 /07 Page : 16 of 44





2. Ikhtisar Kebijakan Akuntansi (lanjutan)

o. Segment Information

o. Informasi Segmen Informasi segmen disajikan menurut pengelompokkan (segmen) usaha.

Segment Information is stated according to business segment.

Segmen usaha adalah komponen yang dapat dibedakan (distinguishable components) dan menghasilkan suatu produk atau jasa yang berbeda menurut pembagian industri atau sekelompok produk atau jasa sejenis yang berbeda, terutama untuk para pelanggan diluar entitas perusahaan.

Business segment is distinguishable components and produce a different product or service according to industrial segment or a group of different products or services especially to all customers outside the company’s entity.

3. Kas dan Setara Kas

3. Cash and Cash Equivalents 2006

Kas: Rupiah Dollar Amerika Serikat (2006: USD 6.182,04; 2005: USD 4.403,03) Dollar Hongkong (2006: HKD 430,26; 2005: nihil) Jumlah Kas Bank: Rupiah PT Bank Central Asia Tbk PT Bank Buana Indonesia Tbk PT Bank Artha Graha Tbk PT Bank Negara Indonesia Tbk PT Bank Danamon Indonesia Tbk PT Bank Mega Tbk PT Bank Internasional Indonesia Tbk PT Bank Kesawan PT Bank Mandiri Tbk PT Bank Permata Tbk PT Bank Lippo Tbk Lain-lain (masing-masing dibawah Rp 10.000.000) Sub Jumlah Mata Uang Asing PT Bank Mandiri Tbk (2006:USD 1.863,80 2005:USD 276.958,90) PT Bank Internasional Indonesia Tbk (2006:USD 2.401 2005:USD 12.117,81) PT Bank Danamon Indonesia Tbk (2006:USD 4.341,20 2005:USD 9.775,54) PT Bank Negara Indonesia Tbk (2006:USD 2.112,60 2005:USD 2.118,82) PT Bank Century Tbk (d/h PT Century Intervest Corporation Tbk) (2006:USD nil 2005:USD 980,34)

2005

471.760.791

516.312.972

55.762.000

43.281.785

499.285

-

528.022.076

559.594.757

5.451.266.546 659.563.142 322.257.015 202.962.122 193.325.177 55.591.553 30.978.188 17.425.002 10.103.599 347.950.608 -

7.144.953.736 986.833.548 62.277.975 543.435.492 281.505.856 115.018.789 65.836.117 342.683.959 34.246.179

9.467.281

920.141.593

7.300.890.233

10.496.933.244

16.811.205

2.722.505.987

21.658.643

119.118.072

39.157.260

96.093.558

19.055.562

20.828.001

-

Cash: Rupiah USD Dollar (2006:USD 6,182.04 ; 2005:USD 4,403.03) Hong Kong Dollar (2006:HKD 430.26 ; 2005:HKD 421.55) Subtotal Cash Banks: Rupiah PT Bank Central Asia Tbk PT Bank Buana Indonesia Tbk PT Bank Artha Graha Tbk PT Bank Negara Indonesia Tbk PT Bank Danamon Indonesia Tbk PT Bank Mega Tbk PT Bank Internasional Indonesia Tbk PT Bank Kesawan PT Bank Mandiri Tbk PT Bank Permata Tbk PT Bank Lippo Tbk Other (each below Rp 10,000,000) Sub Total Foreign currency PT Bank Mandiri Tbk (2006:USD 1,863.80 2005:USD 276,958.90) PT Bank Internasional Indonesia Tbk (2006:USD 2,401 2005:USD 12,117.81) PT Bank Danamon Indonesia Tbk (2006:USD 4,341.20 2005: USD 9,775.54) PT Bank Negara Indonesia Tbk (2006:USD 2,112.60 2005: USD 2,118.82)

PT Bank Century Tbk (formely Century Intervest Corporation Tbk) 9.636.779 (2006:USD nil ; 2005: USD 980.34)


Report No. : 098 /07 Page : 17 of 44





3. Kas dan Bank (lanjutan)

3. Cash On Hand and Bank (continued)

Bank (lanjutan): PT Bank Artha Graha Tbk (2006:USD 684,9 2005:USD 716,69) Sub Jumlah Jumlah Bank Deposito Berjangka: PT Bank Century Tbk (d/h PT Century Intervest Corporation Tbk) PT Bank Mega Tbk Jumlah Deposito Berjangka Jumlah Deposito Berjangka: Tingkat bunga dalam Rupiah per tahun Jangka Waktu

Banks (continued):

6.177.618 102.860.288

2.975.227.460

Subtotal

13.472.160.704

Total Bank

2.228.986.261 -

250.000.000 950.000.000

2.228.986.261

1.200.000.000

10.160.758.858

15.231.755.461

Penempatan pada Efek Pihak Ketiga Diperdagangkan Biaya Perolehan Kontrak Pengelolaan Dana Manajer Investasi

Time Deposits: PT Bank Century Tbk (formerly PT Century Intervest Corporation Tbk) PT Bank Mega Tbk Subtotal time deposits Total Time Deposits:

6,15% - 9,75% 1 bulan/ month

9% - 11,25% 1 bulan/ month

Interest rate (Rupiah) per annum Period

4. Short - term Investment 2006

Jumlah

7.045.063

7.403.750.521

4. Investasi Jangka Pendek

Deposito Berjangka PT Bank Century Tbk (d/h PT Bank Century Intervest Corporation Tbk) PT Bank Mizuho Indonesia PT Bank Panin Tbk Industrial Bank of Japan

PT Bank Artha Graha Tbk (2006:USD 684.9 2005:USD 716.69)

2005

1.500.000.000 350.000.000 -

1.500.000.000 500.000.000 100.000.000

1.850.000.000

2.100.000.000

Time deposits PT Bank Century Tbk (formerly PT Bank Century Intervest Corporation Tbk) PT Bank Mizuho Indonesia PT Bank Panin Tbk Industrial Bank of Japan Total Investment on marketable securities Third parties Trading Acqusition cost Contract in fund management of Investment manager

7.100.750.975

22.066.413.822

Jumlah Laba (Rugi) Belum Direalisasi Pelepasan Investasi

7.100.750.975 11.960.964.260 -

22.066.413.822 811.456.953 (2.702.319.800)

Total Unrealized gain (loss) Investment Release

Nilai Wajar

19.061.715.235

20.175.550.975

Fair value

20.911.715.235

22.275.550.975

Jumlah Investasi Jangka Pendek Deposito Berjangka Tingkat Bunga dalam Rupiah per tahun Jangka waktu

Total short - term investment Time deposits

6,15% - 9,75% 1 tahun/ year

Deposito berjangka milik perusahaan anak, pada PT Bank Century Tbk (d/h PT Bank Century Intervest Corporation Tbk) dijadikan jaminan atas pinjaman Perusahaan dari PT Bank Century Tbk (lihat Catatan 16), sedangkan pada tahun 2006, pada PT Bank Mizuho Indonesia dan pada tahun 2005 deposito pada Industrial Bank of Japan digunakan sebagai jaminan untuk kontrak pembelian barang-barang elektronik dari PT Sony Indonesia.

9% - 11,25% 1 tahun/ year

Interest rate in Rupiah p.a Period

Subsidiaries time deposit, at PT Bank Century Tbk (formerly PT Bank Century Intervest Corporation Tbk) are used as collateral for loan from PT Bank Century Tbk (see note 16), while in 2006, at PT Bank Mizuho Indonesia and in 2005 deposits at Industrial Bank of Japan are used as guarantee for purchase contract from PT Sony Indonesia.


Report No. : 098 /07 Page : 18 of 44





4. Investasi Jangka Pendek (lanjutan)

4.

Short - term Investment (continued)

Kontrak pengelolaan dana investasi merupakan portfolio investasi yang dikelola oleh pengelola investasi PT Bhakti Asset Manajemen. Pada tahun 2005, kontrak pengelolaan dana investasi senilai Rp 39.341.506.748 telah dicairkan dan digunakan oleh PT AGIS Electronic untuk tambahan setoran modal pada PT Bukit Rimba Lestari (lihat Catatan 10).

Contract in Fund Management and investment represents portfolio of investment managed by investment manager, PT Bhakti Asset Manajemen. In 2005, management and investment contract amounted Rp 39,341,506,748 have been liquidated and used by PT AGIS Electronic for additional paid-in capital at PT Bukit Rimba Lestari (see note 10).

Dalam tahun 2005, penempatan efek tersedia untuk dijual pihak ketiga telah dicairkan.

In 2005, investment on marketable securities available for sale to third parties was liquidated.

5. Piutang Usaha

5. 2006

Pihak Hubungan Istimewa Joebstl Centrum (d/h PT Aweca Nunner Gmbh) Arief Prijatna Lain-lain Jumlah Pihak Ketiga TT International Limited PT Matahari Lintas Cakrawala PT Rainbow PT Wacana Indah PT Sarana Rekatama Dinamika ZTE Corporation PT Mobile 8 Telecom PT AEON PT Global Tritama Gading PT Sony Indonesia PT Mustika Ratu PT Rajawali Citra Televisi Indonesia PT Surya Jaya New Biz International SDN BHD PT Global Informasi Bermutu PT Aktivindo Citra Media PT Pasific Food Indonesia PT Carefour Indonesia PT Ultra Prima Abadi PT Cakrawala Andalas Televisi PT Nyonya Meneer PT Oze Mitra Indonesia PT Mustika Ratu Center PT Infocom Elektrindo Regional Counter Asia PT Zyrexindo Mandiri Buana PT Surya Cipta Kencana PT Center PT Dinamika Identa Pratama PT Mitra Maju Bersama

Accounts Receivable 2005

1.188.500.292

1.017.576.925

708.610.885

1.263.138.400 -

Related parties Joebstl Centrum (formerly PT Aweca Nunner Gmbh) Arief Prijatna Other

1.897.111.177

2.280.715.325

Total

15.379.908.752 11.642.947.837 10.150.000.000 4.672.580.600 2.860.000.000 1.692.875.000 1.537.504.344 1.417.276.822 1.261.712.950 651.531.014 -

19.858.153.994 32.043.131.799 1.500.000.000 871.636.609 3.406.225.136

Third parties TT International Limited PT Matahari Lintas Cakrawala PT Rainbow PT Wacana Indah PT Sarana Rekatama Dinamika ZTE Corporation PT Mobile 8 Telecom PT AEON PT Global Tritama Gading PT Sony Indonesia PT Mustika Ratu PT Rajawali Citra Televisi Indonesia

-

3.059.248.780 1.629.322.500 1.554.702.766 1.552.674.850 1.514.971.920 1.361.845.599 1.243.965.650 908.236.117 891.000.000 730.651.040 683.256.139 676.966.020 630.505.579 597.103.690 540.754.820 514.941.025 508.163.983 490.005.320 427.704.830

PT Surya Jaya New Biz International SDN BHD PT Global Informasi Bermutu PT Aktivindo Citra Media PT Pasific Food Indonesia PT Carefour Indonesia PT Ultra Prima Abadi PT Cakrawala Andalas Televisi PT Nyonya Meneer PT Oze Mitra Indonesia PT Mustika Ratu Center PT Infocom Elektrindo Regional Counter Asia PT Zyrexindo Mandiri Buana PT Surya Cipta Kencana PT Center PT Dinamika Identa Pratama PT Mitra Maju Bersama

Lain-lain (masing-masing dibawah Rp 400.000.000)

35.215.907.719

57.883.222.343

Other (each below Rp 400,000,000)

Jumlah

86.482.245.038

135.078.390.509

Total

Penyisihan Piutang Ragu-ragu

(3.931.410.921)

(4.227.368.119)

Provision for doubtful

Jumlah-Bersih

82.550.834.117

130.851.022.390

Net-total

84.447.945.294

133.131.737.715

Jumlah Piutang Usaha-Bersih

Net-total trade receivables


Report No. : 098 /07 Page : 19 of 44





5. Piutang Usaha (lanjutan)

Mutasi Penyisihan Piutang Raguragu: Saldo Awal Penambahan (Pemulihan)-Bersih Saldo Akhir a.

b.

c.

5. Accounts Receivable (continued)

Mutation of provision for doubtful: 2006

2005

4.227.368.119 (295.957.198)

2.264.315.474 1.963.052.645

3.931.410.921

4.227.368.119

b. Management believes that provision for doubtful of third parties receivables are adequate to cover the possibility loss from uncollectible.

c. Trade receivables amounted to Rp 82,289,591,040 are used as guarantee for loan obtained from PT Agis Electronic, a subsidiary, at PT Bank Negara Indonesia Tbk (see note 16).

6. Piutang Lain-lain

6. Other Receivable (Disajikan Kembali / Restated, Catatan / Note 35)

Jumlah Pihak Hubungan Istimewa

Ending balance

a. Trade receivables to related parties used the same as rule and condition to third parties.

Piutang usaha kepada pihak yang memiliki hubungan istimewa menggunakan syarat dan kondisi yang sama sebagaimana piutang usaha kepada pihak ketiga. Manajemen berkeyakinan bahwa penyisihan piutang ragu-ragu atas piutang kepada pihak ketiga adalah cukup untuk menutupi kerugian yang mungkin timbul dari tidak tidak tertaguhnya piutang tersebut. Piutang usaha senilai Rp 82.289.591.040 dijadikan jaminan atas pinjaman yang diperoleh dari PT Agis Electronic, perusahaan anak, pada PT Bank Negara Indonesia Tbk (lihat Catatan 16).

Pihak Hubungan Istimewa PT Telagamas Mitra Alasindo PT Pratama Duta Sentosa PT Handaru Pratama Cipta Lain-lain (masing-masing dibawah Rp 1.000.000.000)

Beginning balance Additional-net

2005

15.859.901.568 1.200.000.000 -

15.359.021.077 1.748.204.950

11.910.999.793

16.910.100.817

Related parties PT Telagamas Mitra Alasindo PT Pratama Duta Sentosa PT Handaru Pratama Cipta Other (each below Rp 1,000,000,000)

28.970.901.361

34.017.326.844

Total related parties

Pihak Ketiga

Third parties

PT Global Tritama Gading Lain-lain (masing-masing dibawah Rp 1.000.000.000)

-

1.340.608.150

20.432.489.385

24.531.975.208

Jumlah

20.432.489.385

25.872.583.358

Total

-

(28.744.587)

Provision for doubtful

Jumlah Pihak Ketiga-Bersih

20.432.489.385

25.843.838.771

Total third parties-net

Jumlah Piutang Lain-lain-Bersih

49.403.390.746

59.861.165.615

Total other receivables-net

Penyisihan Piutang ragu-ragu

Mutasi Penyisihan Piutang Raguragu: Saldo Awal Penambahan (Pemulihan)-Bersih Saldo Akhir

PT Global Tritama Gading Other (each below Rp 1,000,000,000)

Mutation of provision for doubtful: 28.744.587 (28.744.587)

588.763.291 (560.018.704)

-

28.744.587

Beginning balance Additional-net Ending balance


Report No. : 098 /07 Page : 20 of 44





6. Piutang Lain-lain (lanjutan)

6. Other Receivable (continued)

a. Piutang kepada PT Handaru Pratama Cipta merupakan piutang atas hasil ekspor PT Agis Electronic, perusahaan anak, ke Nigeria. Penyelesaian tagihan ini ditangani langsung oleh Perusahaan dan sudah dibayar pada tahun 2006.

a. Receivable from PT Handaru Pratama Cipta is receivable of export by PT Agis Electronic, a subsidiary, to Nigeria. The Company handles settlement of this receivable and have been payed in the year 2006.

b. Piutang kepada PT Telagamas Mitra Alasindo (TMA) merupakan pinjaman untuk modal kerja yang timbul terutama dari biaya-biaya yang dibayarkan terlebih dahulu oleh Perusahaan. Pada tanggal 17 Juli 2004, telah dibuat Perjanjian Pengakuan Hutang antara Perusahaan dengan TMA. Perjanjian tersebut menyatakan bahwa TMA mengaku telah berhutang kepada Perusahaan yang akan jatuh tempo pada tanggal 16 Juli 2006. TMA memberikan jaminan berupa mesin-mesin, persediaan dan inventaris kantor. c. Piutang kepada PT Global Tritama Gading merupakan tagihan atas pinjaman untuk keperluan operasional. d. Manajemen berkeyakinan bahwa penyisihan piutang ragu-ragu atas piutang lain-lain kepada pihak ketiga adalah cukup untuk menutupi kerugian yang mungkin timbul dari tidak tertagihnya piutang tersebut.

b. Receivable from PT Telagamas Mitra Alasindo (TMA) represents working capital loan that mainly arise from reimbursement expenses. On July 17, 2004, it has been made an Agreement of Confession debt between TMA and the Company. The agreement states that TMA indebted to the Company that will be due on July 16, 2006. The collateral of the loan covers TMA’s machineries, inventories, and office inventories.

7. Persediaan

c. Receivable from PT Global Tritama Gading represents receivable for operational needs. d. Management believes that provision for doubtful of other receivables to third parties are adequate to cover the possibility loss from uncollectible.

7. Inventories 2006

2005

Barang Dagangan Suku Cadangan Produksi Sinema dan Media Hiburan Jumlah Dikurangi: Penyisihan Penurunan Nilai Persediaan

75.404.110.838 2.812.929.227 1.433.615.840 79.650.655.905

81.629.957.228 2.538.030.256 6.906.496.887 91.074.484.371

(1.504.846.397)

(1.386.548.387)

Merchandise Spare parts Cinema and entertainment media Total Less: Provision for inventories impairment

Nilai Bersih

78.145.809.508

89.687.935.984

Net value

a.

b.

c.

Persediaan PT Agis Electronic, perusahaan anak, sebesar Rp 176.691.867.535 dijadikan sebagai jaminan atas fasilitas kredit yang diperoleh dari PT Bank Negara Indonesia Tbk (lihat catatan 16). Persediaan Perusahaan dan perusahaan anak per 31 Desember 2006 dan 2005 telah diasuransikan pada PT Asuransi Wahana Tata dan PT Asuransi Allianz Utama dengan nilai pertanggungan masingmasing sebesar Rp 132,662,500,000 dan Rp 23.921.771.636. Manajemen berpendapat bahwa jumlah pertanggungan asuransi adalah cukup untuk menutup kemungkinan kerugian atas risiko yang mungkin dialami Perusahaan dan perusahaan anak. Manajemen berkeyakinan bahwa penyisihan penurunan nilai persediaan yang dibentuk telah mencukupi untuk menutup kerugian yang mungkin timbul.

a.

b.

c.

Inventories of PT Agis Electronic, a subsidiary, amounted to Rp 176,691,867,535 are guaranteed for credit obtained from PT Bank Negara Indonesia Tbk (see note 16). The Company’s inventories and subsidiaries as of December 31, 2006 and 2005 have been insured to PT Asuransi Wahana Tata and PT Asuransi Allianz Utama with insurance coverage each amounted to Rp 132,662,500,000 and Rp 23,921,771,636. Management believes that insurance coverage is adequate to cover any possibility risk from insured inventories.

Management believes that provisions for impairment of inventories value are enough.


Report No. : 098 /07 Page : 21 of 44





8. Pajak Dibayar Dimuka

8. 2006

9.

Prepaid tax 2005

Pajak Penghasilan Pasal 21 Pajak Penghasilan Pasal 22 Pajak Penghasilan Pasal 23 Pajak Penghasilan Pasal 25 / 29 Pajak Penghasilan Pasal 4 ayat 2 Lebih Bayar Pajak Pajak Pertambahan Nilai Fiskal

21.488.396 1.633.650.789 1.825.890.207 70.455.781 14.739.358 20.100.238.671 41.000.000

21.488.396 4.522.031.653 1.118.377.543 100.388.361 1.132.820.676 17.917.240.331 -

Income tax art 21 Income tax art 22 Income tax art 23 Income tax art 25 / 29 Income tax art 4 (2) Over payment of taxes Value added tax Fiscal

Jumlah

23.707.463.202

24.812.346.960

Total

Biaya Dibayar dimuka

9. 2006

Prepaid expenses 2005

Sewa Asuransi Lainnya

1.341.911.940 201.827.526 514.680.581

2.634.350.654 124.912.913 4.923.484.696

Rent Insurance Other

Jumlah

2.058.420.047

7.682.748.263

Total

10. Investasi saham pada perusahaaan asosiasi

Investasi pada:

10. Investment in associated company

Tempat Kedudukan/ Domicilied

Lembar Saham/ Per share

Persentase Kepemilikan/ Ownership

PT Optima MediaDinamika

Jakarta

125

25,00

-

3.569.885.149

PT Optima Media Dinamika

PT Cipta Multi Perdana

Jakarta

2.400

40,00

866.649.009

866.649.009

PT Cipta Multi Perdana

866.649.009

4.436.534.158

Jumlah

Nilai tercatat investasi yang dicatat dengan metode ekuitas adalah sebagai berikut: 2006 PT Optima Media Dinamika (OMD) Saldo Awal Bagian Laba Bersih Perusahaan Asosiasi Pengurangan Investasi Saldo Akhir

PT Cipta Inti Multi Perdana (CIMP) Saldo Awal Bagian Rugi Bersih Perusahaan Asosiasi Saldo Akhir

2006

2005

Investment on:

Jumlah

Value of investment equity method are as follows: 2005

3.569.885.149 -

3.290.700.757 279.184.392

(3.569.885.149)

-

PT Optima Media Dinamika (OMD) Beginning Balance Part Of Net Profit Company Association Invesment Disposal

-

3.569.885.149

Ending Balance

866.649.008 -

866.649.009 -

866.649.008

866.649.009

PT Cipta Inti Multi Perdana (CIMP) Beginning Balance Part Of Net Profit Company Association Ending Balance


Report No. : 098 /07 Page : 22 of 44





10. Investasi saham pada perusahaaan asosiasi (lanjutan)

10. Investment on associated company (continued)

Pada tahun 2004, PT Bhakti Media International, perusahaan anak, membeli saham PT Optima Media Dinamika sebanyak 125 lembar saham atau 25% dari seluruh saham yang ditempatkan dan disetor penuh dengan nilai Rp 2.500.000.000 dan pada tahun 2006 ,laporan keuangan PT Bhakti Media Internasional tidak dikonsolidasikan lagi.

In 2004, PT Bhakti Media International, a subsidiary, bought 125 shares of PT Optima Media Dinamika or 25% from all issued and paid-up capital amounted Rp 2,500,000,000 and in the year 2006, financial statement of International PT Bhakti Media Internasional is not consolidation again.

CIMP telah dibubarkan pada tanggal 12 Desember 2000. Pembubaran ini telah dilaporkan dan dicatat dalam Arsip Departemen Kehakiman dan Hak Asasi Manusia Republik Indonesia. Sampai tanggal laporan hasil dari proses likuidasi masih dalam penyelesaian dan laporan dari likuidator masih belum diterima.

CIMP has been disbanded on at December 12, 2000. This disbandment has been reported and registered on Archives of the Department of Justice and Human Rights of the Republic of Indonesia. Until the date of audit report, the result of liquidation process is still in the process and liquidator report still not yet been accepted.

11. Investasi Jangka Panjang Lainnya

11.

Long - term investment

2006

2005

Investasi Efek Hutang Investasi Efek Ekuitas

190.300.000.000 320.000.000

170.300.000.000 320.000.000

Investment in debt Securities Investment in Equity Securities

Jumlah

190.620.000.000

170.620.000.000

Total

a. Investasi Efek Hutang

a. Investment in Debt Securities 2006

2005

Harga Perolehan Dikurangi : Taksiran Penurunan Nilai Permanen

190.300.000.000

170.300.000.000

-

-

Acquicition cost Less : Estimate Permanent impairment value

Jumlah

190.300.000.000

170.300.000.000

Total

Investasi efek hutang merupakan investasi yang dilakukan oleh PT Agis Multimedia (AMM), perusahaan anak, dalam obligasi wajib konversi dan obligasi wajib tukar dengan kronologis sebagai berikut :

Investment in debt securities is made by PT Agis Multimedia (AMM), a subsidiary, in the transactions of obligatory convertible bonds and obligatory exchanged bonds with chronologically as the following :

•

Pada tanggal 15 Desember 2003, Gallantry Limited melakukan penyelesaian transaksi obligasi wajib tukar PT Centralindo Pancasakti Celluler sebesar Rp 165.277.777.778 dan kas Rp 5.022.222.222. Obligasi wajib tukar tersebut wajib ditukarkan dengan 17.500 saham PT Telekomindo Selular Raya dengan harga per lembar saham Rp 1.000.000 (70% kepemilikan). Tanggal jatuh tempo wajib tukar adalah 27 Oktober 2004.

•

On December 15, 2003, Gallantry Limited settled the transaction of obligatory exchanged bonds PT Centralindo Pancasakti Celluler amounted Rp 165,277,777,778 and cash Rp 5,022,222,222. The obligatory exchanged bonds must be exchanged with 17,500 shares of PT Telekomindo Selular Raya with price per share was Rp 1,000,000 (70% ownership). The exchange maturity date due on October 27, 2004.

•

Pada tanggal 27 Agustus 2004, AMM melakukan transfer atas obligasi wajib tukar PT Centralindo Pancasakti Celluler sebesar Rp 165.277.777.778 kepada Gallantry Limited dan harus segera diselesaikan paling lambat tanggal 29 Oktober 2004.

•

On August 27, 2004, AMM settled the transaction of obligatory exchanged bonds PT Centralindo Pancasakti Celluler amounted Rp 165,277,777,778 to Gallantry Limited and have to be completed before on October 29, 2004.

•

Pada tanggal 29 Oktober 2004, Gallantry Limited melakukan penyelesaian transaksi tersebut diatas menyerahkan obligasi wajib tukar PT Centralindo Pancasakti Celluler sebesar Rp 139.986.000.000. Obligasi wajib tukar tersebut wajib ditukarkan dengan 25.439.327 saham PT Mobile 8 Telecom dengan harga per lembar saham Rp 1.000 (4,65% kepemilikan). Jatuh tempo wajib tukar adalah bulan Pebruari 2006.

•

On October 29, 2004, Gallantry Limited settled all the above transactions by transfering obligatory exchanged bonds PT Centralindo Pancasakti Celluler amounted Rp 139,986,000,000. The obligatory exchanged bonds must be exchanged with 25,439,327 shares of PT Mobile 8 Telecom at Rp 1000 per share (4,65% ownership). The exchange Obligation maturity date due on February 2006.


Report No. : 098 /07 Page : 23 of 44




(Expressed in Rupiah, unless otherwise stated) 11. Long - term investment (continued)

11. Investasi Jangka Panjang Lainnya (lanjutan) • Pada tanggal yang sama, Gallantry Limited menyelesaikan semua sisa kewajibannya kepada AMM dengan menerbitkan promissory note sebesar Rp 30.314.000.000 dengan tingkat bunga 0,25% per tahun. Promissory note tersebut jatuh tempo dan telah diperpanjang yang akan jatuh tempo pada tanggal 28 April 2007.

•

On the same date, Gallantry Limited settled to complete the remaining to AMM by issuing promissory note amounted Rp 30,314,000,000 with interest rate 0,25% per annum. The promissory note has been matured and extended and will be due on April 28, 2007.

Pada tanggal 27 July 2006, PT Bahana Bumi Cemerlang telah menerbitkan Surat Sanggup (Promissory Note) No.001/BBC-PN/VII/06 kepada PT Agis Mitra Mandiri d/h Agis Multimedia, Perusahaan anak, atas transaksi jual dan beli PT Bhakti Media International senilai Rp 20.000.000.000, jatuh tempo tanggal 27 Januari 2007 dan tingkat bunga sebesar 6% per tahun. (Catatan 1.c)

On July 27, 2006, PT Bahana Bumi Cemerlang issued Promisory Note No.001/BBC-PN/VII/06 to PT Agis Mitra Mandiri d/h Agis Multimedia, a subsidiary, for sales and purchase transaction PT Bhakti Media International with amount Rp 20,000,000,000, maturity date January 27, 2007 and interest rate 6% per annum (Notes 1.c)

Investasi pada obligasi dinyatakan pada biaya perolehan karena harga pasar obligasi tersebut tidak tersedia. Manajemen berpendapat bahwa biaya perolehan tersebut mencerminkan harga wajarnya dan tidak terdapat penurunan nilai permanent atas nilai obligasi tersebut.

Investments in bonds are stated at acquisition cost due to unavailable market price of the bonds. Management believes the historical costs indicates the fair value and have no permanent impairment of the bonds value.

Obligasi Wajib tukar Rp 139.986.000 kepada:

telah

dijual

dengan

nilai

The obligatory exchanged bonds have been sold at the price of Rp 139.986.000 to:

• New Asia Corporate Holding Ltd berdasarkan perjanjian jual dan beli No.001/SPA/AMM/NAC/2006 tanggal 10 Juli 2006 sebanyak 3.634.553 lembar saham, No.003/SPA/AMM/NAC/2006 tanggal 18 Juli 2006 sebanyak 5.449.285 lembar saham dan No. 005/SPA/AMM/NAC/2006 tanggal 26 Juli 2006 sebanyak 6.360.468 lembar saham. Untuk pembayaran transaksi tersebut, pihak New Asia Corporate Holding Ltd telah menerbitkan surat Sanggup (Promissory Note) masing-masing adalah; No.001/PN/NAC/ 2006, senilai Rp 20.00.000.000, jatuh tempo 15 July 2007, No.002/PN/NAC/2006 senilai Rp 29.986.000.000 jatuh tempo 22 Juli 2007, No. 003/PN/NAC/2006 senilai Rp 35.000.000 jatuh tempo 31 Juli 2007 tingkat suku bunga adalah 1 % untuk masing-masing Promisorry Note.

•

New Asia Corporate Holding Ltd based on sales and purchase transaction agreement No. 001/SPA/AMM/NAC/2006 date July 10 2006 for 5,449,285 shares and No. 005/SPA/AMM/NAC/2006 date July 26, 2006 at 6,360,468 shares. For the payment, New Asia Corporate Holding Ltd issued the Promissory Notes are as follows ; No.001/PN/NAC/2006 amount of Rp 20,000,000,000,000, maturiy date July 15, 2007, No.002/PN/NAC/2006 amount of Rp 29,986,000,000 with maturity date July 22, 2007 No. 003/PN/NAC/2006, amount of Rp 35,000,000,000 with maturiy date July 31, 2007, with interest rate 1% per annum all of promissory notes.

• Orion Capital Group, Ltd berdasarkan perjanjian jual beli No. 02/SPA/AMM/-OCG/2006 tanggal 14 Juli 2006 sebanyak 4.543.191 lembar saham dan perjanjian No.004/SPA/AMM-OCG/2006 tanggal 21 Juli 2006 sebanyak 5.451.830 lembar saham. Untuk pembayaran transaksi tersebut, pihak Orion Capital Group Ltd telah menerbitkan surat Sanggup (Promissory Note) masing-masing adalah; No.001/PN/OCG/ 2006, senilai Rp 25.000.000.000, jatuh tempo 18 July 2007, No.002/PN/OCG/2006 senilai Rp 30.000.000.000 jatuh tempo 26 July 2007.

•

Orion Capital Group, Ltd based on sales and purchase agreement No 02/SPA/AMM/-OCG/2006 date July 14, 2006 for 4,543,191 shares and the agreement No.004/SPA/AMM-OCG/2006 dated July 21, 2006 for 5,451,830 shares. For the payment, Orion Capital Group Ltd issued the the Promissory Note are as follows; No.001/PN/OCG/ 2006 amount Rp 25.000.000.000, with maturity date July 18, 2007 No.002/PN/OCG/2006 amount Rp 30.000.000.000, with maturity date July 26 2007.

b. Investasi Efek Ekuitas

b. Investment Equity Security 2006

2005

Harga Perolehan Dikurangi: Taksiran Penurunan Nilai Permanen

320.000.000 -

320.000.000 -

Acquisition cost Less: Estimate of permanent impairment

Jumlah

320.000.000

320.000.000

Total


Report No. : 098 /07 Page : 24 of 44




(Expressed in Rupiah, unless otherwise stated) 11. Long Term Investment (continued)

11. Investasi Jangka Panjang Lainnya (lanjutan)

This represents investment PT Artha Wahana Prakarsa (AWP), a subsidiary, in shares of PT Citra Artha Kencana (CAK), recorded at the acquisition cost. AWP owns 30% ownership of CAK. Management believes that it has no permanent impairment of that investment.

Merupakan investasi saham PT Artha Wahana Prakarsa (AWP), perusahaan anak, pada PT Citra Artha Kencana (CAK) yang dicatat sebesar harga perolehannya. AWP memiliki sekitar 30% kepemilikan pada CAK. Manajemen berpendapat tidak terdapat penurunan nilai permanen atas investasi tersebut. 12. Aktiva Tetap

12.

Fixed Assets

2006 1 Januari/ January 1, 2006

Penambahan/ Additions

Pengurangan/ Deductions

Reklasifikasi/ Reclassification

31 December/ December 31, 2006

Harga Perolehan Pemilikan Langsung Tanah Bangunan dan Prasarana Peralatan Mesin dan Perbaikan Kendaraan Inventaris Kantor Jumlah Aktiva Sewa Guna Usaha: Kendaraan Aktiva Dalam Pengembangan Jumlah

Acquisition cost Direct ownership 2.532.202.500 4.657.422.837

1.328.525.000 155.000.000

1.890.935.000 1.664.436.950

-

1.969.792.500 3.147.985.887

8.280.510.289 8.282.311.504 13.544.660.988

240.339.813 161.200.000 2.156.204.814

721.215.200 1.819.998.970 2.699.177.266

-

7.799.634.902 6.623.512.534 13.001.688.536

37.297.108.118

4.041.269.627

8.795.763.386

-

32.542.614.359

2.681.796.250

615.350.000

1.384.641.750

-

68.493.165.000

830.059.019

-

-

108.472.069.368

5.486.678.646

10.180.405.136

-

Total

Assets under capital Lease: Vehicles Fixed assets 69.323.224.019 under Construction 1.912.504.500

103.778.342.878

Akumulasi Penyusutan Pemilikan Langsung Bangunan dan Prasarana Peralatan Mesin dan Perbaikan Kendaraan Inventaris Kantor Aktiva sewa guna usaha: Kendaraan

Land Buildings and Facilities Machinery Equipment and repairment Vehicles Office equipments

Total Accumulated Depreciation Direct Acquisitions

1.937.698.063

248.056.967

276.598.739

-

1.909.156.291

5.324.877.630 6.074.926.309 7.764.894.020

210.558.542 611.732.662 7.474.591.638

5.054.025.919 1.202.821.422 1.377.964.555

-

481.410.253 5.483.837.549 13.861.521.103

Building and Improvement Machinery equipments and Repairment Vehicles Office Equipments Under Capital Lease: Vehicles

854.857.607

394.674.876

660.311.495

-

589.220.988

Jumlah

21.957.253.629

8.939.614.685

8.571.722.130

-

22.325.146.184

Total

Nilai Buku

86.514.815.739

81.453.196.694

Book Value

2005 1 Januari/ January 1, 2005

Penambahan/ Additional

Pengurangan/ Deduction

Reklasifikasi/ Reclassification

31 December/ December 31, 2005

Harga Perolehan Pemilikan Langsung Tanah Bangunan dan Prasarana Peralatan Mesin dan Perbaikan Kendaraan Inventaris Kantor Jumlah Aktiva Sewa Guna Usaha Kendaraan Aktiva Dalam Pengembangan Total

Acquisition cost Direct ownership 2.532.202.500 8.344.343.741

857.609.875

-

(4.544.530.779)

2.532.202.500 4.657.422.837

1.521.336.218 8.405.764.101 8.543.932.114

2.289.642.203 472.305.494 5.191.876.177

1.478.355.454 266.041.469

4.469.531.868 882.597.363 74.894.166

8.280.510.289 8.282.311.504 13.544.660.988

29.347.578.674

8.811.433.749

1.744.396.923

882.492.618

37.297.108.118

2.565.646.868

1.220.592.000

260.500.000

(843.942.618)

2.681.796.250

-

68.493.165.000

-

-

68.493.165.000

31.913.225.542

78.525.190.749

2.004.896.923

38.550.000

108.472.069.368

Land Buildings and Facilities Machinery equipments and repairment Vehicles Office Equipments Total Assets under capital Lease) Vehicles Fixed assets under Construction Total


Report No. : 098 /07 Page : 25 of 44





12. Aktiva Tetap (lanjutan)

12. Fixed Assets (continued)

Akumulasi Penyusutan Pemilikan Langsung Bangunan dan Prasarana Peralatan Mesin dan Perbaikan Kendaraan Inventaris Kantor Aktiva sewa guna usaha: Kendaraan

Accumulated Depreciation Direct Acquisitions 4.163.109.825

342.525.502

-

(2.567.937.264)

1.937.698.063

1.615.353.375 5.693.620.976 6.519752.720

1.183.482.092 1.167.405.754 1.468.156.294

1.216.180.080 251.840.981

2.526.042.163 430.079.659 28.825.987

5.324.877.630 6.074.926.309 7.764.894.020

Building and Improvement Machinery equipments and Repairment Vehicles Office Equipments Under Capital Lease : Vehicles

866.514.713

483.841.967

117.047.531

(378.451.542)

854.857.607

Jumlah

18.858.350.609

4.645.411.609

1.585.068.592

38.559.003

21.957.253.629

Total

Nilai Buku

13.054.873.933

86.514.815.739

Book Value

Tanah dan bangunan atas nama PT Agis Tbk dan PT Agis Electronic, PT Artha Wahana Karya, PT Bukit Rimba Lestari dan PT Bhakti Media Internasional serta PT JCL Semarang, perusahaan-perusahaan anak, dijadikan jaminan atas kredit kepada PT Bank Negara Indonesia Tbk dan PT Bank Internasional Indonesia Tbk (lihat Catatan 16 dan 21).

Land and Building on the name of PT Agis Tbk and PT Agis Electronic, PT Artha Wahana Karya, PT Bukti Rimba Lestari and PT Bhakti Media Internasional and also PT JCL Semarang, and its subsidiaries are used as collateral for loan obtained from PT Bank Negara Indonesia Tbk and PT Bank Internasional Indonesia Tbk (see note 16 and 21).

Aktiva dalam tahap pengembangan merupakan tanah seluas 199.030 m² yang terletak di Jl. Raya Cipanas Km. 47 Desa Ciherang dan Desa Ciputri, Kecamatan Pacet, Cianjur, Jawa Barat, atas nama PT Bukit Rimba Lestari.

Fixed Asset under construction represents land of 199.030 m² located in Jl. Raya Cipanas Km. 47 Desa Ciherang and Desa Ciputri, Kecamatan Pacet, Cianjur, Jawa Barat, on the name of PT Bukit Rimba Lestari.

Perusahaan memiliki beberapa bidang tanah seluas 78.089 m² atas nama PT Agis Tbk dengan surat HGB No. 1.2.3.4 dan 47 yang terletak di kutisari Rungkut Surabaya dan di Desa Cangkringmalang, Kec. Beji, Kab. Pasuruhan.

The Company owns several land with total area of 78.089 m² on the name of PT Agis Tbk with HGB certificate No. 1.2.3.4 and 47 located in kutisari Rungkut Surabaya and in Desa Cangkringmalang, Kec. Beji, Kab. Pasuruhan.

Tanah dan bangunan rumah seluas 990 m² dengan sertifikat HGB No. 1135 yang terletak di kompleks Taman Kebon Jeruk blok L1 No.45, Kel. Srengseng, Kotamadya Jakarta Barat.

The land and bulding with total area of 990 sqm with HGB certificate No. 1135 located in kompleks Taman Kebon Jeruk blok L1 No.45, Kel. Srengseng, Kotamadya Jakarta Barat.

Pada tanggal 31 Desember 2006 dan 2005 aktiva tetap berupa bangunan dan kendaraan perusahaan dan perusahaan anak telah diasuransikan kepada PT Asuransi Wahana Tata dan PT Asuransi Allianz Utama dengan jumlah pertanggungan masing-masing sebesar Rp 15.831.550.000 dan Rp.15.000.000.000. Manajemen berpendapat bahwa nilai pertanggungan tersebut cukup memadai untuk menutup resiko kerugian atas aktiva yang dipertanggungkan.

As of December 31, 2006 and 2005, fixed assets of the Company and its subsidiaries are covered by insurances to PT Asuransi Wahana Tata and PT Asuransi Allianz Utama with a total sum insured of Rp.46,441,550,000 and Rp.15,000,000,000 respectively. The management believes that sum of insured is adequate to cover any possible risk on those insured assets.

13. Goodwill

13. 2006

Goodwill 2005

Harga Perolehan: Saldo awal Pengurangan

21.297.441.997 (1.262.862.112)

21.297.441.997 -

Acquirement price: Beginning balance Reduction

Saldo Akhir

20.034.579.885

21.297.441.997

Ending Balance

Akumulasi: Saldo awal Penambahan Pengurangan

(19.273.616.615) (379.502.304) 442.001.740

(18.903.483.578) (370.133.037) -

Carrying value: Beginning Addition Reduction

Saldo Akhir

(19.211.117.179)

(19.273.616.615)

Ending balance

823.462.706

2.023.825.382

Total

Jumlah


Report No. : 098 /07 Page : 26 of 44





14. Piutang lain-lain

14. 2006

Other Receivable 2005

PT Jaya Lestari Adiperkasa Galaxy Lain-lain

8.054.478.129 353.777.874 550.000.000

8.054.478.129 353.777.874 -

PT Jaya Lestari Adiperkasa Galaxy Other

Jumlah Dikurangi : Penyisihan Piutang Ragu-ragu

8.958.256.003

8.408.256.003

Total Less: Allowance for Doubtful Account

(664.367.158)

(664.367.158)

Jumlah

8.293.888.845

7.743.888.845

Book Value

PT Jaya Lestari Adiperkasa (JLA) merupakan perusahaan yang dimiliki oleh Direktur Utama PT Telagamas Mitra Alasindo (semula merupakan perusahaan asosiasi yang 45% sahamnya dimiliki oleh perushaan). Piutang kedapa JLA yang tejadi pada tanggal 30 Desember 1997 tersebut, merupakan piutang atas penjualan mesin dan peralatan pembuat sepatu yang berlokasi di Jl. Rungkut Industri III/10-12 Surabaya dan di Desa Cangkringmalang, Kec.Beji, Kab. Pasuruhan serta mesin pembuat texon yang teletak di Blabak Magelang dan transaksi lainnya.

PT Jaya Lestari Adiperkasa (JLA) is a company that owned by President Director of PT Telagamas Mitra Alasindo (formerly, it represents an association company with ownership 45%). The receivables from JLA as at Desember 30,1997 was occurred from transaction of sale of shoes maker machinery and equipment that located in Jl. Rungkut Industri III/10-12 Surabaya and in Desa Cangkringmalang, Kec.Beji, Kab. Pasuruhan and also texon machinery that located in Blabak Magelang and other transactions.

Pada tanggal 1 Oktober 2003, Perusahaan dan JLA untuk melakukan perjanjian retrukturisasi hutang, dimana Perusahaan memberikan kesempatan pada JLA untuk melakukan pembayaran paling lambat tanggal 30 September 2006. Sebagai jaminan, JLA memberikan bukti kepemilikan atas 5.500.000 lembar saham pada PT. Telagamas Mitra Alasindo secara gadai.

As of October 1, 2003, The company and JLA have made an agreement of debt restructuring. The Company gives an opportunity for JCL to settle the payment at the latest on September 30, 2006 with JLA’s ownership of 5.500.000 shares in PT. Telagamas Mitra Alasindo is mortaged as guarantee and have been lengthened as according to addendum I of agreement of debt restructuring dated September 29, 2006 up to September 30, 2006.

Berdasarkan Surat Adendum I terhadap perjanjian restrukturisasi hutang pada tanggal 29 September 2006 Perusahaan telah menyepakati perpanjangan waktu sampai dengan tanggal 30 September 2008.

Based on Letter of Amandement I, agreement of debt restructuring dated September 29, 2006, the Company agreed to extend the maturity date until September 30, 2008.

15. Aktiva Lain-lain

15. Other Assets 2006

Aktiva Tidak Berwujud Harga Perolehan Akumulasi Amortiasi Nilai Bersih Aktiva Tidak Berwujud Deposito Jaminan Biaya Pengembangan Jaringan Aktiva Tetap Tidak Digunakan Lain-lain Jumlah

4.307.217.301 (4.307.217.301)

4.307.217.301 (3.385.898.989)

4.010.811.680 566.367.086 4.706.820.311 1.734.384.986

921.318.312 9.310.264.319 4.706.820.311 3.099.370.059

11.168.384.063

18.037.773.001

2006 Saldo Awal Mutasi amortisasi tahun berjalan Saldo Akhir

2005

3.385.898.989

Intangible asset Carrying Value Accumulated Amortization Net- Intangible Asset Security Deposit Network Development Cost Unused fixed assets Others Total

2005 2.830.510.360

921.318.312

555.388.629

Beginning Balance Mutation of Amortization in the current year

4.307.217.301

3.385.898.989

Ending Balance


Report No. : 098 /07 Page : 27 of 44





15. Aktiva Lain-lain (lanjutan)

15. Other Assets (continued)

a. Deposito jaminan merupakan jaminan atas penyewaan otlet-otlet, jaminan listrik dan telepon Perusahaan.

a.

Security Deposit represents the deposit of outlets rental, installation of electricity and telephone in the company.

b. Aktiva tetap tidak digunakan merupakan tanah, bangunan dan prasarana, peralatan dan perabot kantor, dan kendaraan yang ada di cabang Surabaya (non aktif).

b.

Unused fixed assets represent unsed land, building and improvement, property and office equipment, and also vehicles in Surabaya branch (non active).

Hak atas tanah Perusahaan yang teletak di Kelurahaan Siwalankerto, Kecamatan Wonocolo, Surabaya dengan SHM No.491, 1195 dan 1670, bukti pemilikan tersebut telah dibalik nama menjadi atas nama Perusahaan dengan SHGB No. 1031 (d/h. 1195) dan 1032 (d/h 1670). Hak atas tanah yang terletak di Desa Cangkring malang, Kec. Beji, Kab. Pasuruan dengan Petok, SHM No.159, dan 500 tercatat atas nama Perusahaan serta tanah dengan HGB No. 1,2,3,4 dan 47 yang terletak di lokasi yang sama tercatat atas nama PT Agis Tbk.

Land which is located in Kelurahaan Siwalankerto, Kecamatan Wonocolo, Surabaya with SHM No.491, 1195 and 1670, the ownership evidences have been changed on the name of the Company with SHGB No. 1031 (d/h. 1195) and 1032 (d/h 1670). Land which is located in Desk Cangkring malang, Kec. Beji, Kab. Pasuruan with Petok, SHM No.159, and 500 are on the name of the company and land with HGB No. 1,2,3,4 and 47 located in the same place are on the name of PT Agis Tbk.

Bangunan yang terletak di Desa Cangkringmalang, Kec. Beji, Kab. Pasuruan adalah eks pabrik sepatu.

Building which is located in Desa Cangkringmalang, Kec. Beji, Kab. Pasuruan is ex shoes factory.

16. Pinjaman Jangka Pendek

16. Short Term loan 2006

Kredit Modal Kerja Dalam Rupiah PT Bank Negara Indonesia Tbk Kredit Pemilikan Rumah (KPR) Dalam Rupiah PT Bank International Indonesia Cerukan Dalam Rupiah PT Century Tbk (d/h PT Bank Century Intervest Corporation Tbk) Jumlah

116.540.913.932

2005

118.738.092.958

Working Capital Credit In Rupiah PT Bank Negara Indonesia Tbk Housing Loan Credit Facility PT Bank International Indonesia

101.346.423

-

958.689.174

873.308.163

Overdraft In Rupiah PT Century Tbk (formerly PT Bank Century Intervest Corporation Tbk)

117.600.949.529

119.611.401.121

Total

a. Berdasarkan surat perjanjian kredit No.2 tanggal 3 Mei 2005, PT Agis Electronic, perusahaan anak, memperoleh fasilitas kredit modal kerja dari PT Bank Negara Indonesia Tbk dengan plafond Rp.120.000.000.000. Jangka Waktu pinjaman adalah 1 tahun, terhitung dari 3 Mei 2005 sampai dengan 2 Mei 2006 dan dikenakan bunga 14,50% per tahun. Tujuan penggunaan untuk tambahan modal kerja dan pelunasan fasilitas kredit yang telah diterima penerima kredit dari Bank Niaga Tbk, PT Bank Century Tbk, (d/h PT Century Intervest Corporation Tbk), PT Bank Haga dan PT TT Indonesia.

a.

Based on credit agreement No.2 on May 3 2005, PT Agis Electronic, a subsidiary, obtained working capital credit facility from PT Bank Negara Indonesia Tbk with a maximum credit of Rp.120.000.000.000. With an interest rate of 14.50% per annum. The facility is due on May 2, 2006. The purpose of the loan is for additional working capital and repayments of facility of credit to PT Bank Niaga Tbk, PT Bank Century Tbk, (formerly PT Century Intervest Corporation Tbk), PT Bank Haga and PT TT Indonesia.

Berdasarkan surat persetujuan Perubahan Perjanjian kredit No. 2 Tanggal 8 Juni 2006, tujuan penggunaan untuk tambahan modal kerja untuk perdagangan konsumer elektronik, perangkat telekomunikasi produk IT, dengan jangka waktu perpanjangan terhitung sejak tanggal 3 Mei 2006 sampai dengan 2 Mei 2007 dan dikenakan bunga sebesar 15,5%.

Based on Credit Agreement letter No. 2 Dated June 8, 2006, the purpose of the loan is for additional working capital, electronic consumer trading, IT headset telecomunication product, Along amount due date calculate since May 3, 2006 until May 2, 2007 and with an interest rate of 15.50% per annum.

Jaminan atas fasilitas ini adalah (lihat Catatan 5,7 dan 12):

The credit facility is collateralized by (see notes 5, 7 and 12):


Report No. : 098 /07 Page : 28 of 44





16. Pinjaman Jangka Pendek (lanjutan)

16. Short Term loan (continued)

• Tanah dan Bangunan ruko dengan surat HGB No.00328 dan 00329 atas nama PT Agis Electronic yang terletak di jalan Ir.H.Juanda No.75 A-B Kel. Cirendeu, Kec. Ciputat, Tanggerang, Jawa Barat dengan luas 89 m2 dan 101 m2.

•

Land and Building with Building use rights (HGB) No.00328 and 00329 of PT Agis Electronic located in jalan Ir.H.Juanda No.75 AB Kel. Cirendeu, Kec. Ciputat, Tanggerang, Jawa Barat measuring 89 sqm and 101 sqm,

• Tanah dan Bangunan gudang dengan surat HGB No.854, 855, DAN 856 atas nama PT Artha Wahana Karya yang terletak di jalan soekarno Hatta No.117 Kel. Babakan, Kec. Babakan Ciparay, Bandung, Jawa Barat dengan luas 297 m2, 710m2, 354 m2,

•

Land and Building with Building use rights (HGB) No.854, 855, and 856 of PT Artha Wahana Karya in jalan Soekarno Hatta No.117 Kel. Babakan, Kec. Babakan Ciparay, Bandung, Jawa Barat with areas of 297 sqm, 710 sqm, 354 sqm,

• Tanah dan Bangunan gudang dengan surat HGB No.1970 dan 607 atas nama PT Artha Wahana karya yang terletak di jalan Tanjung Sari 3 No.E27 Kel. Tanjungsari, Kec. Sukomanunggal, Surabaya, Jawa Timur dengan luas 636 m2 dan 570 m2,

•

Land and Building with Building use rights (HGB) No.1970 and 607 of PT Artha Wahana karya located in jalan Tanjung Sari 3 No.E27 Kel. Tanjungsari, Kec. Sukomanunggal, Surabaya, Jawa Timur measuring 636 sqm and 570 sqm,

• Tanah dan bangunan gudang dengan surat HGB No.304 atas nama PT Artha Karya yang terletak di jalan industri XXII No. BS-59, Kel. Muktiharjo Lor, Kec Genuk Semarang, Semarang, Jawa Tengah dengan luas 930 m2.

•

Land and Building with Building use rights (HGB) No.304 of PT Artha Karya located in jalan industri XXII No. BS-59, Kel. Muktiharjo Lor, Kec Genuk Semarang, Semarang, Jawa Tengah with an area of 930 sqm.

• Tanah atas nama PT Bukit Rimba Lestari yang terletak di Jalan Raya Cipanas KM.47 Desa Ciherang dan Desa Ciputri, Kec. Pacet, Cianjur, Jawa Barat dengan luas 199.030 m²; Tanah dan bangunan rumah surat HGB No.1135 atas nama. Margaretha yang terletak di Komplek Taman Kebon Jeruk Blok L1 No.45 Kel. Srengseng, Kec. Srengseng, Jakarta Barat dengan luas 990 m². Atas tanah/ bangunan tersebut harus dibalik nama menjadi PT Agis Electronic atau kepada para pengurus perusahaan;

•

Land on the name of PT Bukit Rimba Lestari located in Jalan Raya Cipanas KM.47 Desa Ciherang and Desa Ciputri, Kec. Pacet, Cianjur, Jawa Barat with an area of 199.030 sqm; Land and Building with Building use rights (HGB) No.1135 of Margaretha located in Komplek Taman Kebon Jeruk Blok L1 No.45 Kel. Srengseng, Kec. Srengseng, Jakarta Barat with an area of 990 sqm. The ownership evidence has to be changed into PT Agis Electronic or to company's managements;

• Tanah dan Bangunan dengan surat HGB No.1,2,3,4 dan 47 atas nama PT Agis Tbk yang terletak di desa cangkringmalang, Kec. Beji, Kab. Pasuruan dengan luas 78.089 m²;

•

Land and Building with Building use rights (HGB) No.1,2,3,4 and 47of PT Agis Tbk located in desa cangkringmalang, Kec. Beji, Kab. Pasuruan with an area of 78.089 sqm;

• Persediaan senilai Rp.176.691.867.535 yang diikat fidusia notarill;

•

Inventory amounted to Rp.176.691.867.535 is used as collateral by notarized by fiduciary;

• Piutang dagang senilai Rp 82.289.591.040 yang diikat secara fidusia notarill; dan

•

Trade receivables amounted to Rp 82.289.591.040 is used as collateral by notarized fiduciary; and

• Personal Guarantee dari Tn. Bintaro Tijtrowiroyo.

•

Personal Guarantee Tijtrowiroyo.

• Personal Guarantee dari Tn. Jhonny Kesuma

•

Personal Guarantee from Mr. Jhonny Kesuma

b. Pada 22 November 2005, Perusahaan telah memperpanjang pianjaman Kredit Modal Kerja dari PT Bank Century Tbk, (d/h PT Bank Century Intervest Corporation Tbk), dengan jenis fasilitas Kredit Rekening Koran (KPR), dengan plafond sebesar Rp 450.000.000 jangka waktu pinjaman 8 Mei 2004 sampai dengan 28 November 2006 dengan tingkat suku bunga 13,75%. Pinjaman ini dijaminkan dengan deposito milik perusahaan di PT Bank Century Tbk sebesar Rp. 1.500.000.000.

b.

from

Tn.

Bintaro

As of November 22, 2005, the Company has extended its working capital credit facility from PT Bank Century Tbk, (formerly PT Bank Century Intervest Corporation Tbk), as an overdraft credit, with maximum credit of Rp 450.000.000, period from May 8 2004 to November 28 2006 with interest rate 13,75%per annum. This loan was secured by time deposit in PT Bank Century Tbk amounted to Rp. 1.500.000.000.


Report No. : 098 /07 Page : 29 of 44




(Expressed in Rupiah, unless otherwise stated) 16. Short Term loan (continued)

16. Pinjaman Jangka Pendek (lanjutan)

Before, PT Agis Electronic, a Subsidiary, obtained working capital credit facility from PT Bank Century Tbk, (formerly PT Century Intervest Corporation Tbk), as an overdraft credit, with maximum credit of Rp.450.000.000, period from May 8, 2004 to November 28, 2005, with interest rate of 8,64% p.a. This loan has been repaid on June 29, 2005.

Sebelumnya PT Agis Electronic, Perusahaan anak memperoleh pinjaman berupa fasilitas Modal Kerja dari PT Bank Century Tbk, (d/h PT Century Intervest Corporation Tbk), dengan jenis fasilitas Kredit Rekening Koran (KRK), dengan plafon sebesar Rp.450.000.000 jangka waktu pinjaman 8 Mei 2004 sampai 28 November 2005, dengan tingkat suku bunga masing-masing 8,64% p.a. Pinjaman ini telah dilunasi pada 29 Juni 2005. c.

c.

Berdasarkan Perjanjian Perpanjangan waktu Kredit No. 402/PRK-P/KGP/VII/2004, tanggal 1 Agustus 2004, PT Agis Electronic, perusahaan anak, telah memperpanjang fasilitas rekening Koran dari PT Bank Haga sampai dengan tingkat suku bunga 13,50% p.a dan plafond kredit Rp 250.000.000. Pinjaman ini telah dilunasi pada tahun 2005.

17. Hutang Usaha

Based on the extention of credit agreement No. 402/PRK-P/KGP/VII/2004, on August 1, 2004, PT Agis Electornic, a subsidiary, had extended their overdraft credit facility from PT Bank Haga, these loan was due on August 1 2005 with interest rates at 13.50% per annum and maximum credit up to Rp 250,000,000. These loans have been paid in 2005.

17. Account Payable - Trade 2006

2005

Pihak yang Memiliki Hubungan Istimewa

Related Parties

Lain-lain

-

1.690.382.496

-

1.690.382.496

13.895.381.632 13.296.538.993 5.842.248.911 4.818.084.066 2.717.578.960 2.635.559.439

2.002.298.300 2.634.114.909 2.717.578.960 2.635.559.439

2.224.317.758

1.851.051.434

1.712.100.077 2.055.683.600 -

627.303.333 4.629.199.634 1.016.565.000 3.835.147.241 2.884.866.603 1.108.820.063 1.046.741.970

3.433.800.006

44.034.987.736

Third Parties PT Dwi Tunggal Utama PT Sony Indonesia TT Internasional Ltd. PT Samsung Indonesia PT Mobile 8 Telekom Top Victory Electronic PT Sharp Eectronic Indonesia (formerly PT Sharp Yasonta Antamusa) PT Prasasti Mitra Wahana Bersama Abadi PT Bhakti Media International PT Mitra Caspertama Indonesia PT Gembira Elektronik Procurement Center PT Akira Electronic PD Sinar PT Media Bhakti Nusantara Others (each bellow Rp 1.000.000)

52.631.293.442

71.024.234.622

Total

Jumlah Pihak Ketiga PT Dwi Tunggal Utama PT Sony Indonesia TT Internasional Ltd. PT Samsung Indonesia PT Mobile 8 Telekom Top Victory Elektronik PT Sharp Elektronik Indonesia (d/h PT Sharp Yasonta Antamusa) PT Prasasti Mitra Wahana Bersama Abadi PT Bhakti Media International PT Mitra Caspertama Indonesia PT Gembira Elektronik Procurement Center PT Akira Electronic PD Sinar PT Media Bhakti Nusantara Lain-lain (masing-masing dibawah Rp 1.000.000.000) Jumlah

Jangka waktu kredit dari hutang pembelian barang elektronik berkisar antara 30 sampai 45 hari.

Others Total

Terms of credit from electronic goods purchases are due within 30 until 45 days.


Report No. : 098 /07 Page : 30 of 44





18. Hutang Lain-lain

18. Other payable 2006

2005

Pihak Hubungan Istimewa PT Aweca Nunner Gmbh Lain-lain (dibawa Rp 1.000.000.000)

1.696.692.488

-

4.287.932.614

2.692.997.711

Related Parties PT Aweca Nunner Gmbh Others (each below Rp 1.000.000.000)

Jumlah Pihak Hubungan Istimewa

5.984.625.102

2.692.997.711

Total Related Parties

Pihak Ketiga Lain-lain (masing-masing dibawah Rp.1.000.000.000)

2.935.724.726

37.702.257.495

Third Parties Others (each below Rp.1.000.000.000)

Jumlah Pihak Ketiga

2.935.724.726

37.702.257.495

Total Third Parties

Jumlah Hutang Lain-Lain

8.920.349.828

40.395.255.206

Total Other Payable

19. Perpajakan a.

19. Taxation

Hutang Pajak

a. Tax Payable 2006

Perusahaan Pajak Pertambahan Nilai Pajak Penghasilan: Pasal 21 Pasal 23

2005

2.136.062.990

1.352.934.377

12.567.843 204.575.825

10.369.217 68.710.180

The Company Value Added Tax Income taxes: Article 21 Article 23

2.353.206.658

1.432.013.774

Total

24.968.830.950 391.028.106

21.897.762.112 8.322.139.899

7.040.250 104.607.933 678.513.247 2.894.029

43.134.048 313.968.330 685.082.038 119.055.174

The Subsidiaries Value added tax Corporate income tax Income taxes Article 4 Article 21 Article 23 Articlel 25

Jumlah

26.152.914.515

31.381.141.601

Total

Jumlah

28.506.121.173

32.813.155.375

Total

Jumlah Perusahaan-Perusahaan Anak Pajak Pertambahan Nilai Pajak Penghasilan Badan Pajak Penghasilan Pasal 4 Pasal 21 Pasal 23 Pasal 25

b.

Manfaat (Beban) Pajak Penghasilan

b. Income Tax Benefit (Expenses) 2006

Pajak Kini Pajak Tangguhan Jumlah Manfaat (Beban) Pajak Penghasilan

2005

(133.773.198) 9.949.441.410

(5.270.871.000) 3.771.632.660

9.815.668.212

(1.499.238.340)

Current Tax Deferred Tax Total Income Tax Benefit (Expenses)


Report No. : 098 /07 Page : 31 of 44




(Expressed in Rupiah, unless otherwise stated) 19. Taxation (continued)

19. Perpajakan (lanjutan)

Current Tax Reconcilition between income (loss) before income tax according to consolidated statement of income with estimated taxable income (tax loss) is as follows :

Pajak Kini Rekonsiliasi antara laba (rugi) sebelum taksiran pajak penghasilan berdasarkan laporan laba rugi konsolidasian dengan taksiran laba (rugi) fiscal Perusahaan adalah sebagai berikut : 2006 Laba (Rugi) Sebelum Pajak Penghasilan Menurut Laporan Laba Rugi Konsolidasi Rugi (Laba) Perusahaan Anak sebelum Pajak Penghasilan Laba (Rugi) Sebelum Pajak Penghasilan Perusahaan

2005 Income (loss) before tax per consolidated Statements of income

1.108.802.414

543.389.737

8.935.070.997

(3.826.008.040)

10.043.873.411

(3.282.618.303)

Income (loss) before corporate income tax of subsidiaries Income (loss) before corporate income tax Company

Perbedaan Waktu : Penyusutan Aktiva Tetap Penyisihan Barang Usang Penyisihan Piutang Ragu-ragu Penyisihan Uang Jasa Karyawan

216.262.863 29.589.767 181.663.690

151.074.184 190.139.410 1.563.030.571 311.539.724

Timing Differences : Depreciation of fixed asset Allowance for obsolescence Allowance for doubtful accounts Allowance of employees benefits

Jumlah

427.516.320

2.215.783.889

Total

261.146.467 44.021.325 12.336.230 13.021.450 24.732.179

34.611.900 191.511.043 30.949.479 -

Undeductible expenses and Income subject to final tax Meal allowance Taxes Representation Donation Provision of Service Charge

12.027.724

(1.063.333)

(12.570.073.228)

(1.057.772.418)

(149.442.160) (27.087.019)

(166.777.032) 81.700.000

12.379.317.032

(886.840.361)

Beban (Penghasilan) yang tidak dapat Dikurangkan Menurut Fiskal Uang Makan dan Tunjangan Pajak-pajak Representasi Sumbangan Cadangan Biaya Perbaikan Keuntungan (kerugian) Penjualan Aktiva Tetap Bagian (laba) Rugi Bersih Perusahaan Asosiasi Bunga Deposito dan Jasa Giro Lain-lain Jumlah Rugi Fiskal Perusahaan Sebelum Kompensasi kerugian Fiskal

Gain (loss) on sales of fixed asset Equity in net income (loss) of associated companies Interest income on time deposits and current accounts Others

Total Fiscal Loss - Company, before (1.953.674.775) carryforward fiscal loss compensation

(1.907.927.301)

Rugi Fiskal yang Belum Dikompensasi

(11.524.880.893)

(9.571.206.118)

Carryforward fiscal loss compensation

Akumulasi Rugi Fiskal

(13.432.808.194)

(11.524.880.893)

Accumulated Fiscal loss

2004 Perusahaan : Rugi Fiskal Penyisihan Rugi Fiskal tidak terkompensasi Penghapusan Piutang Penyusutan Aktiva tetap Penyisihan barang usang Penyisihan uang jasa karyawan

Dibebankan pada Laporan Laba Rugi/ Charge to Profit loss

2005

Dibebankan pada Laporan Laba Rugi/ Charge to Profit loss

2006

2.871.361.836

586.102.433

3.457.464.269

572.378.190

4.029.842.459

(336.503.147)

-

(336.503.147)

-

(336.503.147)

1.185.682.095 1.094.800.564 226.639.489

468.909.171 45.322.255 57.041.823

1.654.591.266 1.140.122.819 283.681.312

64.878.860 8.876.930

Company Fiscal losss

Reward work Uncompensation fiscal 1.654.591.266 allowance benefits(loss) 1.205.001.679 Depreciation fixed asset 292.558.242 Obsolence Inventory

228.498.762

93.461.917

321.960.679

54.499.106

376.459.786

Employee Benefit

Aktiva Pajak Tangguhan

5.270.479.599

1.250.837.599

6.521.317.198

700.633.086

7.221.950.285

Deferred Tax Assets

Perusahaan Anak-Bersih Jumlah Aktiva Pajak Tangguhan Bersih

4.758.279.962

2.520.795.061

7.279.075.023

9.248.808.324

16.527.883.347

The Subsidiaries-Net

10.028.759.561

3.771.632.660

13.800.392.221

9.949.441.410

23.749.833.632

Total deferred tax Assets


Report No. : 098 /07 Page : 32 of 44




(Expressed in Rupiah, unless otherwise stated) 19. Taxation (continued)

19. Perpajakan (lanjutan) Rekonsiliasi antara laba (rugi) sebelum pajak penghasilan dengan manfaat (beban) pajak penghasilan adalah sebagai berikut: 2006 Laba (Rugi) Sebelum Pajak Penghasilan menurut Laporan Laba Rugi Konsolidasi Rugi (Laba) Perusahaan Anak Sebelum Pajak Penghasilan Laba (Rugi) Sebelum Pajak penghasilan Perusahaan Pajak Penghasilan Dihitung dengan tarif pajak yang berlaku Pengaruh Pajak Atas Beban (Penghasilan) yang Tidak Dapat Diperhitungkan Menurut Fiskal: Representasi dan Jamuan Pajak-pajak (final) Uang Makan dan Tunjangan Sumbangan Cadangan biaya perbaikan Pengakuan Laba (Rugi) Perusahaan Asosiasi Penghasilan yang Dikenakan Pajak Final: Bunga Deposito & Jasa Giro Penjualan Aktiva Tetap Lain-lain Jumlah Sebelum Penyisihan Manfaat (Beban) Pajak Perusahaan Manfaat (Beban) Pajak Perusahaan Anak Jumlah Manfaat (Beban) Pajak

Reconciliation between income (loss) before corporate income tax with benefits (expense) corporate income tax are as follows: 2005 Income (loss) before tax per consolidated statements of income Income (loss) before corporate income tax of subsidiaries Income (loss) before corporate income tax of the Company Income tax calculated with regulated tax rate Effect taxes on undeductible Expenses and Income subject to final tax

108.802.414

543.389.737

8.935.070.997

(3.826.008.040)

10.043.873.411

(3.282.618.303)

(3.013.162.023)

984.785.491

(3.700.869) (13.206.398) (78.343.940) (3.906.435) (7.419.654)

(9.284.844) (57.453.844) (10.383.570) -

3.771.021.968

317.331.725

44.832.648 (3.608.317) 8.126.106

50.033.110 319.000 (24.510.000)

3.713.795.109

266.052.108

700.633.086

1.250.837.599

9.115.035.126

(2.750.075.939)

Benefits (Expense) of Company tax Benefits (Expense) of the subsidiaries tax

9.815.668.212

(1.499.238.340)

Total of Benefits (Expense) tax

20. Biaya Yang Masih Harus Dibayar

Representation and Entertainment Taxes (final) Meal allowance Donation Provision for service charges Recognition of net income (loss) associated companies Income subject to Final tax : Interest income on time deposits Sales of fixed assets Others Total before allowance

20. Accrued Expense 2006

2005

Sewa Jasa Profesional Gaji dan Tunjangan Lain-lain

587.247.348 311.921.000 460.174.283 3.182.895.717

1.612.512.010 407.010.671 168.637.847 4.480.365.675

Rent Professional fee Salaries and benefits Others

Jumlah

4.542.238.348

6.668.526.203

Total


Report No. : 098 /07 Page : 33 of 44





21. Pinjaman Jangka Panjang

21. Long Term Loan 2006

Pinjaman Bank PT Bank Haga PT Bank Internasional Indonesia Tbk Jumlah Bagian Yang Jatuh Tempo dalam Waktu Satu tahun Jumlah

2005

1.167.983.586 219.028.790

1.279.841.808 1.144.315.845

1.387.012.376

2.424.157.662

(600.140.093)

(416.622.764)

786.872.283

2.007.534.898

Bank Loans PT Bank Haga PT Bank Internasional Indonesia Tbk Total Current Maturity Total

a. Pada tahun 2003, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Haga berupa Angsuran Berjangka (PAB) dengan maksimum kredit Rp.375.000.000, tingkat bunga 15% p.a dengan jangka waktu pinjaman 6 juni 2003 sampai 6 Juni 2006 atau 60 bulan. Fasilitas ini tanpa jaminan.

a. In 2003, The Company obtained a term installment loan facility from PT Bank Haga with a maximum credit of Rp.375.000.000, interest rate 15% p.a with period from June 6, 2003 due to June 6, 2006 or 60 months. This facility is unsecured.

b. Perusahaan dan PT Agis Electronic, perusahaan anak, memperoleh fasilitas Kredit Kepemilikan Mobil dari PT Bank Haga pada tahun 2004 untuk pembelian Mobil Mercy, Honda Accord, Nissan XTrail, Serta pada tahun 2005 untuk pembelian Kijang Inova dan Mobil Box masing-masing sebesar Rp 600.000.000, Rp 250.000.000, Rp 152.500.000 dan Rp 113.520.000 dengan tingkat bunga 13,5% 14,25% Jangka waktu pinjaman masing-masing antara tahun 2004 sampai dengan tahun 2010, masing-masing selama 60 bulan serta 36 bulan dengan jaminan berupa kendaraan tersebut.

b. In 2004, The Company and PT Agis Electronic, a subsidiary, obtained credit of car ownership from PT Bank Haga for buying Mercy, Honda Accord, Nissan X-Trail car, and also in 2005 for buying Kijang Inova and Box car each amounted to Rp 600.000.000, Rp 250.000.000, Rp 152.500.000 and Rp 113.520.000 with interest rate ranges from 13,5% - 14,25%. Term of period ranges from 2004 due to 2010, or for period from 36 - 60 months with the vehicles as a guarantee.

c. Pada tahun 2005, PT JCL Semarang, Perusahaan anak, memperoleh fasilitas pinjaman dari Bank Internasional Indonesia Tbk sebesar Rp 385.000.000, tingkat bunga 16% p.a dengan jangka waktu pinjaman 60 bulan. - Tanah milik PT JCL Semarang yang teletak di Jl. Komplek Ruko Mutiara Marina, Semarang dengan SHGB No. 3950/Tawangsari. Kepemilikan atas aktiva tersebut didasarkan AJB No. 89/2005 tanggal 29 September 2005, oleh notaris Dewikusuma, SH (lihat Catatan 12).

c. In 2005, PT JCL Semarang, a subsidiary, obtained loan facility from PT Bank Internasional Indonesia Tbk amounted to Rp 385.000.000, interest rate 16% p.a with term of credit 60 months and guaranteed by - Land owned by PT JCL Semarang located in Jl. Komplek Ruko Mutiara Marina, Semarang with SHGB No. 3950/Tawangsari. The ownership of that assets based on AJB No. 89/2005 dated September 29 2005, by notaries Dewikusuma, SH (see note 12).

22. Hutang Sewa Guna Usaha

22. Obligation Under Capital Lease 2006

2005

Pembayaran yang Jatuh Tempo pada Tahun 2006 2007 dan Sesudahnya

Payment maturity due in 2006 154.644.573

1.147.878.272

Bagian yang Jatuh Tempo Dalam Waktu Satu Tahun

(35.289.462)

(247.939.558)

Hutang Sewa Guna Usaha Jangka Panjang

119.355.111

899.938.714

2007 and Afterward Maturity due in one year Long term Obligation under Capital Lease


Report No. : 098 /07 Page : 34 of 44





23. Kewajiban Diestimasi dan Imbalan Kerja

23. Estimated Liabilities on Employees Benefit

Manajemen berkeyakinan bahwa estimasi atas imbalan kerja tersebut telah memadai untuk menutup kewajiban imbalan kerja.

The company and its subsidiaries have determined and recognized liabilities on employees’ benefit in accordance with the existing manpower regulations. The Estimated liabilities of Company and its subsidiaries on employees benefit as of December 31, 2005 was calculated by PT Rileos Pratama with its report dated March 15, 2006. The management believes that estimated liabilities on employees’ benefits provided are sufficient to cover potential liabilities on employees’ benefits.

Nilai kini kewajiban, biaya jasa kini yang terkait dan biaya jasa lalu di atas dihitung oleh aktuaris independent dengan menggunakan asumsi aktuari sebagai berikut:

Present value of liabilities, related current service cost and past service cost were calculated by independent actuary which used actuarial assumption as follows:

Tingkat Diskonto Tingkat Proyeksi Kenaikan Gaji Tingkat Mortalita Tingkat Cacat Tetap Tingkat Pengunduran Diri

Discount rate Estimated future increase Mortality Table Disability Rate Resignation rate

Perusahaan dan perusahaan anak mengakui kewajiban imbalan kerja sesuai dengan peraturan ketenagakerjaan yang berlaku. Kewajiban diestimasi atas imbalan kerja Perusahaan dan perusahaan anak per 31 Desember 2006 dihitung oleh aktuaris independen PT Rileos Pratama melalui laporannya bertanggal 5 Maret 2007.

Proporsi Pengambilan Pensiun Normal Metode

: 10% : 2% : 100% TMII : 5% TMII : 5% s.d. 40 tahun dan menurun secara linier s.d. 55 tahun : 100% : Projected Unit Credit

Jumlah kewajiban yang diakui berdasarkan laporan aktuaris adalah sebagai berikut: 2006

Proportion Rate Method

Koreksi Saldo Awal atas Penerapan PSAK 24 (Revisi 2004) Jumlah Kewajiaban Diestimasi yang Diakui

: 12% : 7% : 100% TMII : 5% TMII : 5% up to age 40 years, then decrease in linier at age 55 : 100% : Projected Unit Credit

Detail of estimated liabilities on employees’ benefit are as follow: 2005

Penyisihan Beban Imbalan Kerja yang Diakui: Saldo Awal Beban Imbalan Kerja

salary

4.823.095.854 1.453.525.681

3.170.642.191 1.652.453.663

(1.656.761.515)

-

Employees benefits recognized in statements of income: Balance at the Beginning of the Year Employees Benefits Expense Correction of Beginning Balance for implementation SFAS 24 (Revised 2004)

4.619.860.020

4.823.095.854

Total Estimated Liabilities

Pada tahun 2004, jumlah kewajiban diestimasi atas imbalan kerja ditentukan berdasarkan penilaian manajemen Perusahaan dan perusahaan anak sebesar Rp 4.960.571.505. Dampak perhitungan aktuaris ini terhadap saldo kewajiban diestiminasi atas imbalan kerja tahun 2004 dikoreksi pada tahun berjalan.

In 2004, total provisions of employee benefits determined based on the Company’s management valuation and its subsidiaries amounted to Rp 4.960.571.505. The effect of actuaries’ calculation to provisions of employees’ benefits was corrected in the current year.


Report No. : 098 /07 Page : 35 of 44





23. Kewajiban Diestimasi dan Imbalan Kerja (lanjutan)

23. Estimated Liabilities on Employees Benefit (continued)

Rincian beban imbalan kerja tahun berjalan berdasarkan laporan aktuaris sebagai berikut:

Biaya Jasa Kini Biaya Bunga Hasil yang diharapkan dari Aktiva Program Total Biaya Jasa Non - Vested yang Diamortisasi Biaya Jasa Lalu - Vested yang Diakui langsung Amortisasi (Keuntungan) Kerugian Aktuaria Biaya Pesangon Pemutusan Hubungan Kerja

Jumlah Beban Imbalan Kerja

Detail of estimated liabilities on employees’ benefit are as follow:

2006

2005

709.697.382 397.658.210

907.891.867 432.253.253

-

-

55.235.468

57.568.533

290.934.621

255.172.578

-

(432.568)

-

-

Past Service Cost - Vested directly Amortization of (gain) loss from Actuaria Severance pay expense of dismissal labor

1.453.525.681

1.652.453.663

Total Employees’ benefit Expenses

In 2005, PT Multi Advertensi Xambani, a subsidiary company, has dismissed some of its employees and all of the post employment benefits have been completed.

Pada tahun 2005, PT Multi Advertensi Xambani, perusahaan anak, telah memberhentikan sebagian besar karyawannya dan seluruh kewajiban imbalan kerja karyawan telah diselesaikan. 24. Modal Saham

Present service Expenses Interest Expenses Expectation of result from Assets Program Total Present Service with Amortization Non Vested

24. Capital Stock The composition of stockholders on Desember 31, 2006 and 2005 based on the report form PT Bhakti Share Registrar as its Share Registration Bureau are as follows:

Komposisi Pemegang saham pada tanggal 31 Desember 2006 dan 2005 berdasarkan laporan yang telah diadministrasikan oleh Biro Administrasi Efek (BAE) PT Bhakti Share Registrar adalah sebagai berikut: 2006 Pemegang saham

Jumlah Saham Shares

OCBC Securities Private Ltd PT Bhakti Asset Management PT Bank Artha Graha Tbk Masyarakat (masing-masing dibawah 5%)

302.419.000 249.250.000 134.307.000 1.191.026.550

Jumlah

1.877.002.550

Kepemilikan % Percentage of Ownership 16.11 13.28 7.16

Jumlah Amount

Shareholders

60.483.800.000 49.850.000.000 26.861.400.000

OCBC Securities Private Ltd PT Bhakti Asset Management PT Bank Artha Graha Tbk

63.45

238.205.310.000

Public (below 5% each)

100.00%

375.400.510.000

Total


Report No. : 098 /07 Page : 36 of 44





24. Modal Saham (lanjutan)

24. Capital Stock (continued) 2005

Pemegang saham

Jumlah Saham Shares

PT Bhakti Investama Tbk OCBC Securities Private Ltd PT Bhakti Asset Management PT Bank Artha Graha Tbk Public (below 5% each) Jumlah

Kepemilikan % Percentage of Ownership

Jumlah Amount

Shareholders

764.709.005 249.250.000 194.718.000 105.375.000 562.950.545

40,74 13,28 10,37 5,61 30,00

152.941.801.000 49.850.000.000 38.943.600.000 21.075.000.000 112.590.109.000

PT Bhakti Investama Tbk OCBC Securities Private Ltd PT Bhakti Asset Management PT Bank Artha Graha Tbk Public (below 5% each)

1.877.002.550

100.00%

375.400.510.000

Total

Jumlah modal ditempatkan dan disetor penuh menurut akta No.7 tanggal 6 Maret 2002 dari notaris Yobana Samial SH, sudah termasuk jumlah setoran modal dari realisasi waran I sebesar Rp 4.000.000.000 atau sebanyak 20.000.000 lembar saham pada tanggal 7 Januari 2002, sehingga jumlah saham yang beredar pada 31 Desember 2002 adalah sebanyak 1.677.864.780 atau sebesar Rp 335.572.956.000. Perubahan tersebut telah mendapat pengesahan dari menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia No. C-09086.HT.01.04.TH 2002 Tanggal 27 Mei 2002.

Based on notary deed No.7 dated March 6, 2002 of Yobana Samial SH, total capital issued and fully paid is including total paid in capital from warrant realization 1 amounting to Rp 4.000.000.000 or 20.000.000 shares on January 7, 2002, so that on December 31 2002, the outstanding shares are 1.677.864.780 shares amounting to Rp 335.572.956.000. The amendment has been approved by The Minister of Justice and Human Rights of the Republic of Indonesia in his Decree No. C09086.HT.01.04.TH 2002 dated May 27, 2002.

Berdasarkan Akta Notaris Edward, SH, No.5 tanggal 18 Mei 2004, Perusahaan telah melaksanakan konversi kedua waran I sebesar Rp 883.800.000 atau sebanyak 4.419.000 lembar saham pada tanggal 24 Maret 2004 dan konversi waran I sebesar Rp 38.943.754.000 atau sebanyak 194.718.770 lembar saham pada tanggal 21 April 2004. Dalam laporan keuangan pada tanggal 31 Desember 2004 jumlah modal di setor yang disajikan adalah sebesar Rp 375.400.510.000. Perusahaan tersebut telah di laporkan kepada Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia No. C 15606 HT.01.04.TH.2004 tanggal 22 Juni 2004.Jumlah waran sebanyak 7.500 lembar telah kadaluarsa dalam tahun 2004 dan tidak dapat dilaksanakan.

Based on notary deed No.5 dated May 18, 2004, of Edward SH, the Company has performed a second conversion of Warrant 1 amounted to Rp 883.800.000 or 4,419,000 shares on March 24, 2004, and the warrant conversion 1 amounted to Rp 38.943.754.000 or 194.718.770 shares on April 21, 2004. Total paid in capital presented in 2004 financial statements amounted to Rp 375.400.510.000. This amendment has been approved by the Minister of Justice and Human Rights of the Republic of Indonesia in his Decree No. C-15606 HT.01.04.TH.2004 dated June 22, 2004. In 2004 Total warrant that expired in 2004 are 7.500 wrrants and and cannot be used.

25. Tambahan Modal Disetor

25. Additional Paid in Capital

Tambahan modal disetor terdiri dari :

Additional paid in capital consists of : 2006

2005

Agio Saham Biaya Emisi Saham

4.842.600.000 (9.972.443.622)

4.842.600.000 (9.972.443.622)

Excess of par value Right issue expense

Jumlah Bersih

(5.129.843.622)

(5.129.843.622)

Total - Net

Agio Saham

Excess of Par Value

2006 Penjualan Saham Perusahaan pada Penawaran umum kepada masyarakat Tahun 1994 Jumlah yang diterima Untuk Pengeluaran 1000.000 Saham Jumlah yang Dicatat Sebagai Modal Disetor Bersih

2005

Public offering of the Company’s shares in 1994 Proceeds from the issuance of 10.000.000 shares

13.500.000.000

13.500.000.000

(10.000.000.000)

(10.000.000.000)

Total par value of capital stock

3.500.000.000

3.500.000.000

Net


Report No. : 098 /07 Page : 37 of 44





25. Tambahan Modal Disetor (lanjutan)

25. Additional Paid in Capital (continued)

Agio Saham (lanjutan)

Excess of Par Value (continued)

Penawaran Umum Terbatas I Kepada Pemegang Saham Tahun 1997 Jumlah yang diterima untuk Pengeluaran 68.500.000 Saham Jumlah yang Dicatat Sebagai Modal Disetor

Limited Offering 1 to the stockholders In 1997 Proceeds from the issuance of 68.500.000 shares Total par value of capital stock

68.500.000.000

68.500.000.000

(68.500.000.000)

(68.500.000.000)

-

-

Net

Penambahan Agio dari Deviden Saham

1.342.600.000

1.342.600.000

Additional Paid- in Capital from Stock Dividend

Saldo Agio Saham

4.842.600.000

4.842.600.000

Balance of par value

Bersih

Biaya Emisi Saham

Right issue expense

Penawaran Umum tanggal 28 Desember 1994 Penawaran Umum Terbatas I tanggal 15 Mei 1997 Penawaran Umum Terbatas II Tanggal 6 Mei 2001 Jumlah

1.558.063.448

1.558.063.448

2.811.183.975

2.811.183.975

5.603.196.159

5.603.196.159

Public Offering in December 28, 1994 Limited Offering I in May 15, 1997 Limited Offering II in May 6, 2001

9.972.443.622

9.972.443.622

Total

26. Pendapatan Usaha

26. Operating Income 2006

(%)

2005

(%)

Penjualan Barang Dagangan Pendapatan Jasa Telekomunikasi dan Multi Media Jasa Perbaikan Elektronik dan Logistik Retur dan Potongan Penjualan

306.919.817.160 -

89,55 -

187.670.726.951 147.925.848.264

48,95 Sales of merchandise 38,58 Revenue from Multimedia and Telecomunication

43.640.132.772

12,73

50.021.028.555

(7.827.460.015)

(2,28)

(2.232.745.392)

Logistics and Services from Electricity Repairs (0,58) Sales Discount and return

Jumlah

342.732.489.917

100,00

383.384.858.378

27. Beban Pokok Penjualan

Jumlah

100,00

Total

27. Cost of Goods Sold 2006

Beban pokok Penjualan Barang Dagangan Persediaan Awal Pembelian Retur Barang Tersedia Dijual Persediaan Akhir Beban Pokok Penjualan Beban Pokok Jasa Multimedia dan Telekomunikasi Beban Pokok Jasa Perbaikan Elektronik dan Logistik

13,05

2005 Cost of goods sold

81.613.509.128 266.171.199.981 1.192.188.860 348.976.897.969 (75.517.859.366) 273.459.038.603 -

62.544.648.566 173.723.024.480 236.267.673.046 (81.629.957.228) 154.637.715.818 118.021.005.150

31.035.722.385

43.872.400.632

304.494.760.988

316.531.121.600

Beginning Inventories Purchases Return Goods available for sale Ending Inventories Cost of goods sold Cost of Multimedia and Telecommunication Cost of Logistics and services from electricity repairs Total


Report No. : 098 /07 Page : 38 of 44





28. Beban Usaha

28. Operating Expenses 2006

Penjualan Gaji dan Kesejahteraan Sewa Promosi Listrik, Air dan Telepon Penyusutan Aktiva Tetap Perbaikan dan Pemeliharaan Transport Bonus dan Komisi Lain-lain

13.214.561.919 9.820.966.406 3.034.858.071 2.961.960.746 2.224.773.058 717.795.991 1.527.012.253 1.472.584.591

8.717.244.048 9.329.092.476 1.286.138.562 2.162.596.714 1.740.148.653 315.556.573 741.099.490 47.013.000 3.658.320.947

34.974.513.035

27.997.210.463

2006 Umum dan Administrasi Gaji dan Kesejahteraan Penyusutan Aktiva Tetap Sewa Pajak Listrik, Air dan Telepon Konsultan Perjalanan Perlengkapan Kantor Perbaikan dan Pemeliharaan Sumbangan dan Penjamuan Administrasi Bank Lain-lain

20.785.819.341 2.759.494.342 2.249.531.931 3.559.468.529 2.153.562.073 1.383.986.498 862.394.419 373.061.782 510.712.987 516.934.901 97.112.590 4.833.442.033

24.201.529.390

40.085.521.426

Pendapatan Lain-lain Bersih

General and Administrative Salaries and employee’ welfare Depreciation of fixed asset Rental Taxes Telephone, water, and electricity Consultan Travel Office Supplies Repairs and maintenance Donation and entertainment Bank charges Others

29. Other Income and Expenses 2006 (Disajikan Kembali / Restated, Catatan / Note 35

Pendapatan jasa giro dan deposito Keuntungan Penjualan Aktiva Tetap Selisih Kurs Mata Uang AsingBersih Amortisasi Goodwill Beban Bunga Lainnya - Bersih

Selling Expense Salaries and employee’ welfare Rental Promotion Telephone, water, and electricity Depreciation of fixed asset Repairs and maintenance Transportation Comissions and bonus Others

2005

10.191.623.982 2.385.534.620 2.135.491.537 1.451.902.031 1.067.395.934 812.371.598 810.764.646 328.841.080 324.511.878 148.725.872 93.651.307 4.450.714.905

29. Pendapatan (Beban) Lain-lain

Penghasilan Sewa

2005

2005

3.446.164.218

3.048.600.000

756.706.404 12.027.724

577.946.118 573.906.176

23.355.172 (379.502.304) (11.239.957.550) 4.182.987

(285.781.480) (356.410.369) (5.506.451.265) 3.720.555.668

Rent income Interest on Current accounts and time deposits Gain on sale of fixed assets Difference of foreign exchange Net Goodwill Amortization Interest Expense Others - Net

(7.377.023.351)

1.772.364.848

Others Income - Net


Report No. : 098 /07 Page : 39 of 44





30. Sifat dan Transaksi dengan Pihak Hubungan Istimewa

30.

Nature and Transaction With Related Parties

Sifat Hubungan Istimewa (i) Joebstl Centrum merupakan pemegang saham PT JCL Indonesia (d/h PT Agis Aweca Asia), perusahaan anak;

Nature of Related parties (i) Joebstl Centrum is the shareholders of PT JCL Indonesia (formerly PT Agis Aweca Asia), subsidiary;

(ii)

Arif Priyatna merupakan pemegang saham PT Agis Electronic, perusahan anak;

(ii)

Arif Priyatna is a shareholder of PT Agis Electronic, a subsidiary;

(iii) PT Pratama Duta Sentosa kepengurusannya merupakan hubungan keluarga dengan direktur utama Perusahaan.

(iii)

PT Pratama Duta Sentosa is management represent family with managing director Company.

(iv) PT Handaru Pratama Cipta merupakan pihak dengan kepengurusan yang sama dengan perusahaan

(iv)

PT Handaru Pratama Cipta represents under the same management with the Company

Percentage of Total Assets/ Liabilities/ Revenue/ expense of Its cost Total Persentasi Aktiva/Kewajiban/ Pendapatan/biaya 2006

2005

2006 (%)

2005 (%)

Piutang Usaha:

Trade Receivables:

Joebstl Centrum (d/h PT Aweca Nunner Gmbh) Arief Priyatna Lain-lain Jumlah

1.188.500.292 708.610.885 1.897.111.177

1.017.576.925 1.263.138.400 2.280.715.325

0,19 0,12 0,31

0,15 0,19 0,34

Joebstl Centrum (formerly PT Aweca Nunner Gmbh) Arief Priyatna Others Total

Piutang Lain-lain:

Other Receivables

PT Telagamas Mitra Alasindo PT Pratama Duta Sentosa PT Handaru Pratama Cipta

PT Telagamas Mitra Alasindo PT Pratama Duta Sentosa

Lain-lain (dibawah Rp 1.000.000.000) Jumlah

15.859.901.568

15.359.021.077

2,58

2,30

1.200.000.000

-

0,19

-

-

1.748.204.950

-

11.910.999.793 28.970.901.361

16.910.100.817 34.017.326.844

1,93 4,70

0,26

2,53 5,09

Hutang Usaha: Lain-lain Jumlah

Trade Payables -

1.690.382.496 1.690.382.496

0.00 0.00

0.25 0.25

Hutang Lain-lain PT Aweca Nunner Gmbh Lain-lain Jumlah

PT Handaru Pratama Cipta Others (Each below Rp 1.000.000.000) Total

Others Total Other Payables PT Aweca Nunner Gmbh

1.696.692.488 1.590.849.472 3.287.541.960

2.692.997.711 2.692.997.711

0,28 0,26 0,54

0.00 0.40 0.40

Others Total


Report No. : 098 /07 Page : 40 of 44





31. Informasi Segmen Usaha

31. Business Segment Information

Segmen Primer

Primary Segment

Perusahaan dan perusahaan anak pada saat ini melakukan kegiatan usaha sebagai berikut: Nama PT Agis Tbk

PT Agis Electronic dan perusahaan anak PT JCL Indonesia (d/h. PT Agis Aweca Asia) dan perusahaan anak PT Agis Mitra Mandiri dan perusahaan anak 31 Desember 2006 Pendapatan Pihak Eksternal Antar Segmen Jumlah pendapatan Hasil Hasil Segmen Beban Usaha Rugi Usaha

Service

Trading

At present, the Company and its subsidiaries are engaged in the business as follows:

Usaha Jasa perdagangan umum dan perbaikan elektronik Distribusi dan retailer produk elektronik Jasa logistik dan forwading

Bussines General trading service and repairment of electronic Distribution and retailer of electronic products Logistic service and forwarding

Jasa telekomunikasi dan Multimedia

Telecomunication service and Multimedia

Forwarding

Multimedia

Jumlah/ Total

Name PT Agis Tbk

PT Agis Electronic and its subsidiaries PT JCL Indonesia (formerly PT Agis Aweca Asia) and its subsidiaries PT Agis Mitra Mandiri and its subsidiaries Konsolidasi/ Consolidation

Eliminasi/ Elimination

15.067.959.569 15.067.959.569

299.130.266.713 299.130.266.713

28.534.263.635 28.534.263.635

-

342.732.489.917 342.732.489.917

-

9.762.727.653 12.600.111.510 (2.837.383.857)

25.244.353.743 41.172.932.264 (15.928.578.521)

3.230.647.533 4.189.817.409 (959.169.876)

1.213.181.243 (1.213.181.243)

38.237.728.929 59.176.042.426 (20.938.313.497)

-

December 31, 2006

Revenue External Inter Segments Total Revenue Result 38.237.728.929 Result of Segment 59.176.042.426 Operating expense (20.938.313.496) Loss from operations Others income (7.377.023.350) (expense) 342.732.489.917 342.732.489.917

Pendapatan Lain-lain

12.863.347.068

(8.724.137.757)

(284.957.690)

1.338.798.257

5.193.049.878

(12.570.073.228)

Laba Sebelum pajak

10.025.963.211

(24.652.716.278)

(1.244.127.566)

125.617.014

(15.745.263.619)

-

(28.315.336.847)

700.633.086

8.166.902.112

295.345.676

652.787.338

9.815.668.212

-

9.815.668.212

10.726.596.297

(16.485.814.166)

(948.781.890)

778.404.352

(5.929.595.407)

(12.570.073.228)

(18.499.668.635)

Profit before tax Tax Benefits (expense Profit (Loss) before minority interest

-

(516.522.657)

78.261.102

9.348.296

(428.913.259)

(690.311.220)

261.397.961

Minority Interest

(6.358.508.666)

(13.260.384.448)

(18.238.270.674)

Net Income

Manfaat (Beban) Pajak Laba (Rugi) Sebelum Hak Minoritas Hak minoritas

Laba Bersih

31 Desember 2006 Aktiva Segmen Kewajiban Segmen

31 Desember 2005 Pendapatan Pihak Eksternal Antar Segmen Jumlah pendapatan Hasil Hasil Segmen Beban Usaha Rugi Usaha Pendapatan (Beban) Lain-lain Laba Sebelum pajak Manfaat (Beban) Pajak Laba (Rugi) Sebelum Hak Minoritas Hak minoritas

Service

421.466.572.547 38.302.023.995

Service

Trading

334.941.445.878 205.759.740.869

Trading

Forwarding

8.877.306.931 6.993.445.292

Forwarding

Multimedia

211.057.902.924 67.367.055.071

Multimedia

Aktiva Segmen Kewajiban Segmen

976.343.228.279 318.422.265.227

Jumlah/ Total


Konsolidasi/ Consolidation

(378.117.779.622) (100.059.795.938)


598.225.448.657 218.362.469.289

Konsolidasi/ Consolidation

December 31, 2006 Segment Assets Segment liabilities

December 31, 2005

26.743.491.922 26.743.491.922

173.303.714.731 173.303.714.731

35.411.803.461 35.411.803.461

147.925.848.264 147.925.848.264

383.384.858.378 3.360.480.885 386.745.339.263

3.360.480.885 3.360.480.885

383.384.858.378 383.384.858.378

3.278.327.893 7.433.908.269 (4.155.580.376)

30.157.271.441 47.419.222.728 (17.261.951.287)

3.513.294.330 3.835.973.909 (322.679.579)

29.904.843.114 14.900.078.248 15.004.764.866

66.853.736.778 73.589.183.154 (6.735.446.376)

-

66.853.736.778 73.589.183.154 (6.735.446.376)

872.962.072 (3.282.618.304) 1.250.837.599

7.888.166.182 (9.373.785.105) 2.400.938.632

261.573.421 (61.106.158) (108.648.669)

(686.093.147) 14.318.671.719 (5.042.365.902)

8.336.608.528 1.601.162.152 (1.499.238.340)

(1.057.772.415) -

7.278.836.113 543.389.737 (1.499.238.340)

(2.031.780.704) -

(6.972.846.472) (43.741.748)

(169.754.827) (36.417.813)

9.276.305.818 (1.203.259.144)

101.923.815 (1.283.418.705)

(1.057.772.418) 207.486.604

(955.848.603) (1.075.932.101)

Revenue External Inter Segments Total Revenue Result Result of Segment Operating expense Loss from operations Others income – (expense) Profit before tax Tax Benefits (expense Profit (Loss) before minority interest Minority Interest

(1.181.494.890)

(850.285.814)

(2.031.780.704)

Net Income

Laba Bersih 31 Desember 2005

Jumlah/ Total

Service

402.050.413.292 29.630.371.238

Trading

326.988.457.463 194.094.458.366

Forwarding

7.034.119.574 4.326.712.405

Multimedia

272.205.279.632 126.390.810.707

Jumlah/ Total 1.008.278.269.961 354.442.352.716

Eliminasi/ Elimination (339.288.002.799) (73.844.265.905)

Konsolidasi/ Consolidation 668.990.267.162 280.598.086.811

December 31, 2005 Segment Assets Segment liabilities


Report No. : 098 /07 Page : 41 of 44





32.

Ikatan a)

32.

Perjanjian Distribusi. Pada tanggal 1 Nopember 1996, perusahaan anak PT Agis Electronic yaitu PT Artha Wahana Surya (AWS), PT Artha Wahana Surya (AWP) dan PT Artha Wahana Prakarsa (AWP) (bersamasama disebut sebagai ‘Pihak-pihak terkait’) menandatangani perjanjian distribusi dengan PT Sony Indonesia (SI). Perjanjian-perjanjian ini antara lain meliputi:

Commitments a)

(i). SI menunjukan pihak-pihak terkait sebagai distributor non-ekslusif produk SONY untuk wilayah-wilayah sebagai berikut:

(i)

Wilayah Sulawesi Selatan Bandung, Semarang, Surabaya dan Bali AWP Lampung, Palembang, Medan, Banjarmasin dan Pontianak (ii) Pihak-pihak terkait setuju untuk membeli dari SI sejumlah produk “SONY” setiap bulan dengan nilai minimum tertentu setelah dikurangi Pajak Pertambahan Nilai.

Regions Sulawesi Selatan Bandung, Semarang, Surabaya and Bali AWP Lampung, Palembang, Medan, Banjarmasin and Pontianak (ii) The relevant parties agree to for purchase from SI a number of product “Sony” each month with certain minimum value after deduction of Value added tax.

Pada tanggal 1 April 2006 perjanjian diatas telah diperbaharui dan akan berlaku sampai dengan 31 Maret 2007 dan dapat diperpanjang setiap tahun.

On April 1, 2006 the above agreement has been renewed and will go effect up to March 31, 2007 and extendable annually.

AWS AWK

b)

c)

d)

Distribution Agreement As of November 1, 1996, PT Agis Electronic subsidiaries PT Artha Wahana Surya (AWS), PT Artha Wahana Surya (AWP) and PT Artha Wahana Prakarsa (AWP) (together reffered as related parties’) was signed a distribution agreement withPT Sony Indonesia (SI). These agreements are as follow:

Perjanjian Distribusi Sesuai Memorandum of Understanding antara Perusahaan dengan World Space Asia Pte Ltd tanggal 16 Maret 1999 telah disepakati untuk:

The SI appoints related party as distributors of non-exclusively of Sony production for the following regions:

AWS AWK

b)

Distribution Agreement On March 16, 1999 According to the Memorandum of Understanding, World Space Asia Pte Ltd and the Company have agreed to:

(i)

Medistribusikan produk tertentu, retail dan menjamin purna jual receiver di Indonesia atas produk World Space Asia Pte. Ltd.

(i)

(ii)

Semua informasi yang diberikan oleh masing-masing pihak tidak akan dinyatakan pada pihak ketiga yang memerlukan konfirmasi umum

(ii) All of the information given by relevant parties will not be disclosed on public information.

Kesepakatan tersebut akan berakhir bila salah satu pihak mengajukan pemutusan kesepakatan dan sampai saat ini masih berlaku.

This Agreement would be ended if one of the relevant parties does the termination.

Perjanjian Sewa Ruangan Perusahaan dan perusahaan anak mengadakan perjanjian sewa ruangan pada tanggal 9 April 2003 dengan PT Usaha Gedung Bimantara, atas gedung dua lantai yang terletak di Jl. Kebon Sirih, dengan nilai sewa sebesar Rp 41.250 per m² per bulan, berikut fasilitas dalam gedung yaitu listrik, AC, Air, kebersihan, parker, dan keamanan, jangka waktu berlaku 2 (dua) tahun sampai dengan 5 Juli 2007. Perjanjian Bantuan Teknis di Bidang Managemen, Marketing, Sales dan Product

Distribute certain products, retail and guarantee after sales receiver in Indonesia of World Space Asia Pte. Ltd products.

c)

Office Rent Agreement On April 9, 2003 The Company and its subsidiaries made an office rental agreement with PT Usaha Gedung Bimantara, of two stories building located at Jl. Kebon Sirih, with its rental price Rp 41.250 per sqm per month, including the facilities of the building such as electricity, AC, water, cleaning service, parking, and security, for 2 (two) years until July 5, 2007.

d)

Technical Aid in Management, Product, and Sales Agreement

Marketing,


Report No. : 098 /07 Page : 42 of 44




(Expressed in Rupiah, unless otherwise stated) 32.

32. Ikatan - Lanjutan

Commitments - Continued Based on Participation Agreement, it is agreed that for supporting and developing the business of PT Agis Electronic, a subsidiary, either in a vertical way (Marketable segment and diversification of product) and or in horizontal way (networking development), the TT Internasional Limited would give the technical aid in management, marketing, products, and sales.

Berdasarkan Participation Agreement, disepakati bahwa guna mendukungdan mengembangkan bisnis PT Agis Electronic, perusahaan anak, baik secara vertikal (deversifikasi produk dan segmen pasar) maupun secara horizontal (perluasan jaringan), maka TT Internasional Limited akan memberikan bantuan teknis baik dalam bidang managemen, marketing, seles, dan product.

33. Aktiva dan Kewajiban Moneter dalam Asing

Mata Uang

33. Monetary of Assets and Liabilities Denominated in Foreign Currency

Pada tanggal 31Desember 2005 dan 2004, Perusahaan dan perusahaan anak mempunyai aktiva dan kewajiban dalam mata uang asing sebagai berikut:

As of December 31, 2006 dan 2005, The Company and its subsidiaries have Assets and Liabilities denominated in foreign Currency as follows:

2006 Mata Uang Asing (Foreign Currencies) Aktiva Kas dan Bank: (USD) (SGD) (HKD) Piutang Usaha (USD) Piutang Lain-lain (USD) Lain-lain (USD)

17.585,62 430,26 522.978,99 167.955,01 -

Jumlah (USD) Kewajiban Hutang Usaha (USD) (SGD) Lain-lain (USD)

2005

Setara dengan (Equivalent to)

158.622.292 499.285 4.717.270.490 1.514.954.190 -

Setara dengan (Equivalent to)

Mata Uang Asing (Foreign Currencies)

307.071,13 10,00 386.437,96 288.564,19 5.847,48

6.391.346.257

3.018.509.208 59.135 3.798.685.147 2.836.585.988 57.480.728 9.711.320.206

266.737,38

2.405.971.168

443.635,77

4.360.939.619

188.134,00

1.696.968.680

-

-

Jumlah

4.102.939.848

4.360.939.619

Aktiva (Kewajiban) Bersih

2.288.406.410

5.350.380.586

34. Laba (Rugi) Per Saham

Total Liabilities Trade Payables (USD) (SGD) Others Total

Net Assets (liabilities)

34. Earning (Loss) Per Share

Perhitungan laba (rugi) per saham adalah sebagai berikut: 2006 (Disajikan Kembali / Restated, Catatan / Note 35) Rugi Bersih Jumlah Rata-rata Tertimbang Saham yang Beredar Rugi Bersih per Saham

Assets Cash and Bank (USD) (SGD) (HKD) Trade Receivables (USD) Other Receivables (USD) (Others) (USD)

Calculation of Earning (loss) per share is as follow: 2005

(18.238.270.674)

(2.031.780.704)

1.877.002.550 (9,72)

1.877.002.550 (1.08)

Net loss Total of weighted average number of outstanding shares Loss per Share-Net


Report No. : 098 /07 Page : 43 of 44





35. Penyajian Kembali Laporan Keuangan Konsolidasi Tahun 2006

35. Restatement of The 2006 Consolidated Financial Statements

Dilaporkan Sebelumnya/As Previously Reported Piutang lain-lain: Pihak ketiga Jumlah Akiva Lancar Jumlah Aktiva Hak Minoritas Ekuitas: Laba belum direalisasi atas investasi efek Saldo laba (rugi) Jumlah Ekuitas Jumlah Kewajiban, Hak Minoritas dan Ekuitas Pendapatan (Beban) Lain-Lain – Bersih Laba (Rugi) Sebelum Pajak Penghasilan Laba (Rugi) Sebelum Hak Minoritas Atas Laba Bersih Perusahaan Anak Hak Minoritas Atas Laba Bersih Perusahaan Anak Laba (Rugi) Bersih Laba (Rugi) Per Saham - Dasar

Disajikan Kembali / As Restated Others receivable: Third parties Total Current Assets Total Assets

37.895.664.385 298.713.208.709 615.688.623.657

20.432.489.385 281.250.033.708 598.225.448.656

14.161.605.816

13.720.243.727

12.893.882.174 383.164.548.552

11.960.964.260 (16.088.894.998) 366.142.735.640

615.688.623.657

598.225.448.656

Minority Interest Equity: Unrealized gain (loss) on securities investments Retained earnings Total Stockholders’ Equity Total Liabilities, Minority Interest and Stockholders’ Equity

22.047.115.910

(7.377.023.351)

Other Income (Expenses) - Net

1.108.802.414

(28.315.336.847)

Income (Loss) Before Income Tax

10.924.470.626

(18.499.668.635)

Income (Loss) Before Minority Interests

(179.964.128) 10.744.506.498 5,72

261.397.961 (18.238.270.674) (9,72)

Minority Interests Net Income (Loss) Earnings (Loss) Per Share

36. Reklasifikasi Akun

36. Reclassification Account Certain accounts in 2005 consolidated financial statements have been reclassified to conform with the presentation in the 2006 consolidated financial statements.

Akun-akun tertentu dalam laporan keuangan konsolidasian tahun 2005 telah direklasifikasi agar sesuai dengan penyajian laporan keuangan konsolidasian untuk tahun yang berakhir pada 31 Desember 2006. 2005 Sebelum Setelah Reklasifikasi Keterangan Reklasifikasi Piutang lain-lainPiutang usaha-pihak Pihak hubungan Sesuai dengan ketiga istimewa substansinya

After Reclassification

Description

Trade Receivables Related Parties

As according to substance

Piutang lain-lainPiutang Usaha-Pihak pihak Ketiga ketiga

Others Sesuai dengan Trade Receivables Related 20.488.659.573 Receivables-Third substansinya Parties Parties


Hutang UsahaHutang Usaha - pihak Pihak Hubungan Ketiga Istimewa

Sesuai dengan substansinya

Biaya umum& admnistrasi

Aktiva lain-lain

Pendapatan (beban) lain-lain- bersih

Aktiva tetap

Piutang usahaPiutang usaha-Pihak Pihak Hubungan Ketiga istimewa Piutang lain-lain- Piutang usaha-pihak pihak ketiga hubungan istimewa

Jumlah (Total)

Before Reclassification

1.225.632.466

Account ReceivableRelated Parties

2.717.578.960 Accounts Payable Related Parties


5.506.451.265


1.138.584.000

Sesuai dengan substansinya 34.748.384.722

Accounts Payable-Third Parties

General&Administr Revenue (expense) Othersasi Expense Net

As according to substance As according to substance

Other Assets

Fixed Assets


Accounts ReceivableRelated Parties

Accounts Receivable-Third Parties


Accounts ReceivableRelated Parties


Sesuai dengan Accounts substansinya 15.359.021.077 Receivable-Third Parties


Report No. : 098 /07 Page : 44 of 44





37. Tanggung Keuangan

Jawab

Manajemen

Atas

Laporan

Manajemen Perusahaan bertanggung jawab atas laporan keuangan yang penyusunannya diselesaikan pada tanggal 15 Maret 2007 dan penyajian kembali yang diselesaikan pada tanggal 25 Januari 2008.

37. Management’s Responsibility in the Financial Statements The management of the Company responsible for the preparation of the financial statements and restatement which are completed on March 15, 2007 and January 25, 2008.

No title

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