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PT. AGIS Tbk. Menara Kebon Sirih 6th 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. Jabatan : Direktur. 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 Eka Hikmawati Supriyadi Direktur Utama Direktur

Laporan No. : 098 / 07 Report No. : 098 / 07

PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN KEUANGAN KONSOLIDASIAN DAN LAPORAN AUDITOR INDEPENDEN 31 Desember 2006 (Dengan Angka Perbandingan 31 Desember 2005)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED FINANCIAL STATEMENTS

AND INDEPENDENT AUDITORS’ REPORT

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

Daftar Isi

Halaman/ Page

Table of Contents

Laporan Auditor Independen 1 Independent Auditors’ Report Laporan Keuangan Konsolidasian: 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

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 AUDITOR INDEPENDEN 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

INDEPENDENT AUDITOR’S REPORT 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.

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

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

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 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005) (Dinyatakan dalam Rupiah kecuali dinyatakan lain)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED BALANCE SHEETS

December 31, 2006 (With comparative figures December 31, 2005)

(Expressed in Rupiah unless otherwise stated)

2006

(Disajikan Kembali /

Restated, Catatan / Note 35)

Catatan/ Notes

2005 AKTIVA ASSETS AKTIVA LANCAR CURRENT ASSETS

Kas dan setara kas 10.160.758.858 2c, 2d, 3 15.231.755.461 Cash and cash equivalents Investasi jangka pendek 20.911.715.235 2c, 2e, 4 22.275.550.975 Temporary investments Piutang usaha: Accounts receivable:

Pihak hubungan istimewa 1.897.111.177 2f, 5, 30 2.280.715.325 Related parties Pihak ketiga (setelah dikurangi

penyisihan piutang ragu-ragu sebesar

Rp 3.931.410.921 dan Rp 4.227.368.119 masing-

masing pada 31 Desember 2006 dan 2005) 82.550.834.117

2c, 2f, 5

130.851.022.390

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) Piutang lain-lain: Others receivable:

Pihak hubungan istimewa 28.970.901.361 2f, 6, 30 34.017.326.844 Related parties Pihak ketiga (setelah

dikurangi penyisihan piutang ragu-ragu sebesar nihil dan Rp 28.744.587 masing-masing pada 31 Desember 2006 dan 2005) 20.432.489.385

2c, 2f, 6

25.843.838.771

Third parties (net of allowance for doubtful

as of December 31, 2006 and 2005 of nihil

and Rp 28,744,587 respectively)

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) 78.145.809.508

2g, 7

89.687.935.984

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)

Uang muka pembelian 12.414.530.818 13.129.796.843 Advance payment Pajak dibayar dimuka 23.707.463.202 8 24.812.346.960 Prepaid taxes Biaya dibayar dimuka 2.058.420.047 9 7.682.748.263 Prepaid expenses

JUMLAH AKTIVA LANCAR 281.250.033.708 365.813.037.816 TOTAL CURRENT ASSETS

AKTIVA TIDAK LANCAR NON-CURRENT ASSETS

Aktiva pajak tangguhan 23.749.833.632 2l, 19b 13.800.392.221 Deferred tax assets Investasi saham pada

perusahaan asosiasi 866.649.008

2e, 10

4.436.534.158

Investment in share of associated company

Investasi jangka panjang lainnya 190.620.000.000 11 170.620.000.000 Others long term investment Aktiva tetap (setelah dikurangi

akumulasi penyusutan per 31 Desember 2006 dan 2005

sebesar Rp 22.325.146.184 dan Rp 21.957.253.629) 81.453.196.694

2h, 2i, 12

86.514.815.739

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 (setelah dikurangi

akumulasi amortisasi sebesar Rp 19.211.117.179 dan

Rp 19.273.616.615 per 31 Desember 2006 dan 2005) 823.462.706

2e, 13

2.023.825.382

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)

Piutang lain-lain 8.293.888.845 14 7.743.888.845 Others receivable Aktiva lain-lain 11.168.384.063 2j, 15 18.037.773.001 Others assets

JUMLAH AKTIVA TIDAK LANCAR 316.975.414.948

303.177.229.346

TOTAL NON-CURRENT ASSETS

JUMLAH AKTIVA 598.225.448.656 668.990.267.162 TOTAL ASSETS





PT AGIS Tbk DAN PERUSAHAAN ANAK NERACA KONSOLIDASIAN - lanjutan 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005) (Dinyatakan dalam Rupiah kecuali dinyatakan lain)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED BALANCE SHEETS - continued

December 31, 2006 (With comparative figures December 31, 2005)


2006(Disajikan Kembali /


Catatan/ Notes

2005

KEWAJIBAN, HAK MINORITAS DAN EKUITAS

LIABILITIES, MINORITY INTEREST AND

STOCKHOLDERS’ EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES

Pinjaman jangka pendek 117.600.949.529 16 119.611.401.121 Short term loan Hutang usaha: Trade payables:

Pihak hubungan istimewa - 17,30 1.690.382.496 Related parties Pihak ketiga 52.631.293.442 2c, 17 71.024.234.622 Third parties

Hutang lain-lain: Others payables: Pihak hubungan istimewa 5.984.625.102 18, 30 2.692.997.711 Related parties Pihak ketiga 2.935.724.726 18 37.702.257.495 Third parties

Hutang pajak 28.506.121.173 2l, 19a 32.813.155.375 Taxes payable Biaya yang masih harus dibayar 4.542.238.348 20 6.668.526.203 Accrued expenses Hutang jangka panjang yang

jatuh tempo dalam waktu satu tahun:

Current portion of long

term liabilities: Hutang bank 600.140.093 21 416.622.764 Bank loan Hutang sewa guna usaha 35.289.462

2i, 22

247.939.558

Obligation under capital lease

JUMLAH KEWAJIBAN LANCAR 212.836.381.875 272.867.517.345 TOTAL CURRENT LIABILITIES

KEWAJIBAN TIDAK LANCAR NON CURRENT LIABILITIES Hutang jangka panjang-

dikurangi bagian jatuh tempo dalam waktu satu tahun :

Long term liabilities-net of

current maturities: Hutang bank 786.872.283 21 2.007.534.898 Bank loan Hutang sewa guna usaha 119.355.111

2i, 22

899.938.714

Obligation under Capital lease

Kewajiban diestimasi atas imbalan kerja 4.619.860.020

2m, 23

4.823.095.854

Estimated liabilities on employees’ benefits

JUMLAH KEWAJIBAN TIDAK LANCAR 5.526.087.414

7.730.569.466

TOTAL NON CURRENT LIABILITIES

HAK MINORITAS 13.720.243.727 15.972.138.297 MINORITY INTEREST

EKUITAS STOCKHOLDERS’ EQUITY 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.

375.400.510.000

24 375.400.510.000

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.

Tambahan modal disetor (5.129.843.622) 25 (5.129.843.622) Additional paid in capital Laba belum direalisasi atas

investasi efek 11.960.964.260

-

Saldo laba (rugi) (16.088.894.998) 2.149.375.676 Retained earnings

JUMLAH EKUITAS 366.142.735.640 372.420.042.054

TOTAL STOCKHOLDER’S EQUITY

JUMLAH KEWAJIBAN, HAK MINORITAS DAN EKUITAS 598.225.448.656 668.990.267.162

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) (Dinyatakan dalam Rupiah kecuali dinyatakan lain)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF INCOME

For the year ended December 31, 2006 (With comparative figures December 31, 2005)

(Expressed in Rupiah unless otherwise stated) 2006

(Disajikan Kembali /


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

LABA KOTOR 38.237.728.929 66.853.736.778 GROSS PROFIT

BEBAN USAHA OPERATING EXPENSES

Penjualan 34.974.513.035 2k, 28 27.997.210.463 Selling Umum dan administrasi 24.201.529.390 2k, 28 40.085.521.426 General and Administrative

TOTAL 59.176.042.425 68.082.731.889 TOTAL

RUGI USAHA (20.938.313.496) (1.228.995.111) LOSS FROM OPERATIONS PENDAPATAN (BEBAN) LAIN-LAIN-BERSIH (7.377.023.351)

29

1.772.364.848

OTHER INCOME (EXPENSES) - NET

LABA (RUGI) SEBELUM PAJAK PENGHASILAN (28.315.336.847)

543.389.737

INCOME (LOSS) BEFORE INCOME TAX

MANFAAT (BEBAN) PAJAK PENGHASILAN

2l,19b

INCOME TAX BENEFIT (EXPENSE)

Pajak kini (133.773.198) (5.270.871.000) Current tax Pajak tangguhan 9.949.441.410 3.771.632.660 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

RUGI BERSIH (18.238.270.674) (2.031.780.704) NET LOSS

RUGI PER SAHAM-DASAR (9,72) 2n, 34 (1.08) LOSS PER SHARE





PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN Tahun yang berakhir tanggal 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005) (Dinyatakan dalam Rupiah kecuali dinyatakan lain)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN EQUITY



CATATAN/ NOTES

MODAL SAHAM/ CAPITAL STOCK

TAMBAHAN MODAL DISETOR/

ADDITIONAL PAID IN CAPITAL

RUGI BELUM DIREALISASI DARI EFEK TERSEDIA UNTUK DIJUAL/

UNREALIZED GAIN (LOSS)

FROM STOCK AVAILABLE FOR

SALE

SALDO LABA/ RETAINED EARNINGS

JUMLAH EKUITAS/ TOTAL EQUITY

SALDO PER

31 DESEMBER 2004

375.400.510.000 (5.129.843.622) 57.902.892 4.181.156.380 374.509.725.650

BALANCE PER DECEMBER

31, 2004 Rugi belum

direalisasi dari efek tersedia untuk dijual

2e,4

-

- (57.902.892) -

(57.902.892)

Unrealized loss from stock

available for sale

Rugi bersih - (2.031.780.704) (2.031.780.704) Net Loss

SALDO PER 31 DESEMBER 2005

375.400.510.000 (5.129.843.622) - 2.149.375.676 372.420.042.054


31, 2005

Laba belum direalisasi dari efek tersedia untuk dijual

- - 11.960.964.260 - 11.960.964.260

Unrealized gain from stock

available for sale

Rugi bersih - - - (18.238.270.674) (18.238.270.674) Net Loss

SALDO PER 31 DESEMBER 2006

375.400.510.000

(5.129.843.622) 11.960.964.260 (16.088.894.998)

366.142.735.640


31, 2006





PT AGIS Tbk DAN PERUSAHAAN ANAK LAPORAN ARUS KAS KONSOLIDASIAN Tahun yang berakhir tanggal 31 Desember 2006 (Dengan angka perbandingan 31 Desember 2005) (Dinyatakan dalam Rupiah kecuali dinyatakan lain)

PT AGIS Tbk AND ITS SUBSIDIARIESCONSOLIDATED STATEMENT OF CASH FLOWS



2006 2005

ARUS KAS DARI AKTIVITAS OPERASI

CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan dari pelanggan 214.754.072.345 435.431.134.064 Cash received from customers Pembayaran kepada pemasok dan pihak

ketiga (244.762.261.798)

(496.387.102.879)Cash paid to supplier and third

parties Pembayaran kepada karyawan (21.821.541.305) (29.549.981.035) Cash paid to employee Pembayaran pajak bersih (20.762.056.535) (1.533.553.381) Payment of taxes Penerimaan dari pihak hubungan

Istimewa 82.542.312.394

6.628.971.021Cash received from related

parties Penerimaan denda 675.305.613 - Penalty received Pembayaran denda (215.218.085) - Penalty paid

ARUS KAS BERSIH DIPEROLEH DARI (DIGUNAKAN UNTUK) AKTIVITAS OPERASI 10.410.612.629

(85.410.532.210)

NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES

ARUS KAS DARI AKTIVITAS INVESTASI

CASH FLOWS FROM INVESTING ACTIVITIES

Pelepasan investasi jangka pendek 1.363.835.740 39.806.988.112 Disposal of short term investmentPenempatan investasi jangka pendek - (1.000.000.000) Acquisition of short term investment Hasil dari penjualan aktiva tetap 213.669.448 2.578.803.099 Proceeds from sale of fixed asset Penerimaan bunga 577.946.118 Interest income Perolehan aktiva tetap (3.352.028.292) (77.304.598.749) Acquisition of fixed assets

ARUS KAS BERSIH DIGUNAKAN UNTUK AKTIVITAS INVESTASI (1.774.523.104)

(35.340.861.420)

NET CASH FLOWS USED IN INVESTING ACTIVITIES

ARUS KAS DARI AKTIVITAS PENDANAAN

CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan pinjaman bank 326.014.160 122.043.850.996 Proceeds from bank loanPembayaran pinjaman bank (2.425.288.125) (634.121.699) Payment of bank loan Pembayaran bunga (11.239.957.550) (1.375.561.583) Payment interest Pembayaran hutang sewa guna usaha (367.854.612)

-

Payment of obligation under capital lease

ARUS KAS BERSIH DIPEROLEH DARI (DIGUNAKAN UNTUK) AKTIVITAS PENDANAAN (13.707.086.127)

120.034.167.714NET-CASH FLOWS FROM

FINANCING ACTIVITIES Laba (rugi) selisih kurs yang belum

direalisasi atas kas dan setara pada akhir tahun -

119.482.492

Effect on unrealized gain (loss) onforeign exchange on cash on hand 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 ANDCASH 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

KAS DAN SETARA KAS AKHIR TAHUN, TERDIRI DARI:

CASH AND CASH EQUIVALENTSAT THE END OF THE YEAR:

Kas 528.022.076 559.594.757 Cash Bank 7.403.750.521 13.472.160.704 Bank Deposito berjangka 2.228.986.261 1.200.000.000 Time deposit

JUMLAH 10.160.758.858 15.231.755.461 TOTAL

Laporan No. : 098/07 Halaman : 7 dari 44 PT AGIS Tbk DAN PERUSAHAAN ANAK Catatan Atas Laporan Keuangan Konsolidasian 31 Desember 2006 (Dengan perbandingan 31 Desember 2005) (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

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

PT AGIS Tbk AND ITS SUBSIDIARIES

Notes To The Consolidated Financial Statements December 31, 2006

(With comparative figures December 31, 2005)

(Expressed in Rupiah, unless otherwise stated) 1. Umum

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.

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.

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. Perusahaan memulai kegiatan komersialnya pada bulan Januari 1981. Perusahaan berkantor pusat di Jakarta dan mempunyai cabang di Surabaya (non aktif) di Desa Cangking, Malang, Beji, Kabupaten Pasuruan.

1. General

a. The Company’s Establishment

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.C2-261.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.

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.

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. The Company started its commercial operations in 1981. The Company’ head office is domiciled in Jakarta and its branch is located in Surabaya (non-active) at Cangking village, Malang, Beji, Pasuruan.

b. Susunan Komisaris dan Direksi

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:

b. The Board of Commissioners and Directors

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:

2006

Komisaris Presiden Komisaris Komisaris Komisaris Independen

Direksi Direktur Utama Wakil Direktur Utama Direktur

Sng Sze Hiang Yayat Suryatma

Drs. Imam Subechi, MBA

Jhonny Kesuma

Bintoro Tjitrowirjo Eka Hikmawati Supriyadi

Commissioners

President Commisioner Commisioner

Independent Commisioner

Directors

President Director Vice President Director

Director






(Expressed in Rupiah, unless otherwise stated) 1. Umum (lanjutan)

b. Susunan Komisaris dan Direksi (lanjutan)

1. General (continued)

b. The Board of Commissioners and Directors (continued)

2005

Komisaris Presiden Komisaris Komisaris Komisaris Independen Direksi Direktur Utama Wakil Direktur Utama Direktur

Bambang Hari Iswanto Tanoesoedibjo Hary Djaja

Drs. Imam Subechi, MBA Yohanes Waworontu

Stephen Kurniawan Sulistyo

Bambang Rudijanto Tanoessoedibjo Bintoro Tjitrowirjo

Drs. Antonius Z. Tonbeng Oerianto Guyandi

Commissioners President Commisioner

Commisioner Independent Commisioner

Directors President Director

Vice President Director Director

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

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

c. Perusahaan Anak

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

c. The Subsidiaries

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:

Perusahaan anak/Subsidiaries Lokasi/

DomciliedJenis Usaha/

Scope of Busines Persentase

Pemilikan %/ Ownership

Tahun Beroperasi/

Year of operation

Jumlah Aktiva/Total Assets

2006 2005 2006 2005PT Agis Electronic dan Perusahaan anak/and its subsidiaries

Jakarta

Perdagangan Elekronik

98.50

98,50

1996 358.036.924.752 331.040.229.014

PT Artha Centra Graha Jakarta Distribusi Produk Sony 95.00 100,00 1999 1.570.817.048 5.422.639.741PT Artha Wahana Prakarsa Palembang Distribusi Produk Sony 70.00 70,00 1996 11.470.603.289 8.632.849.297PT Artha Wahana Karya Bandung Distribusi Produk Sony 70.00 70,00 1997 20.697.218.801 14.039.769.336PT Artha Wahana Surya Makassar Distribusi Produk Sony 100.00 100,00 1997 3.149.155.073 1.721.487.106Pt Wacana Baru Asia Jakarta Distribusi Produk Sony 70.00 100,00 2002 18.037.506.502 6.200.579.002PT Bukit Rimba Lestari Jakarta Kontraktor, Perdagangan dan

Jasa 99.50 99,5 2005 116.506.474.775 116.508.017.019

PT JCL Indonesia dan Perusahaan Anak/and its subsidiary

Jakarta

Jasa Logistik dan Forwarding

50.02

50,02

1997

8.877.306.931 6.996.516.645

PT JCL Semarang Semarang Jasa Logistik dan Forwarding 51.00 51,00 2002 2.856.740.779 3.433.160.509PT Agis Mitra Mandiri (d/h Agis Multi

Media) dan Perusahaan Anak / and its subsidiaries

Jakarta Perdagangan Umum, Distributor dan Lain - lain

99.99

99,99

2001

211.057.902.925 356.776.629.763

PT Bhakti Media International dan Perusahaan Anak/ andsubsidiaries

Jakarta

Produksi Film, Hiburan, Iklan dan Komunikasi

-

80,00

2000

- 137.280.498.600

PT Mediate Indonesia Jakarta Media Advertensi - 100,00 2001 - 54.314.739.204PT Multi Advertensi Xambani dan

Perusahaan anak/ and subsidiaries

Jakarta

Media Advertensi

-

51,20

1996

- 11.890.730.585PT Cinta Komunikasi gagasan

Semesta

Jakarta

Media Iklan dan Komunikasi

-

80,00

2004

- 5.176.682.240 PT Asia Media Internasional

Jakarta

Produksi Film, Hiburan, dan Iklan

99.00

99,00

2001

8.671.749.589 38.563.104.706

PT Bhakti Telecommunication Asia

Jakarta

Operator Jaringan Telekomunikasi

88.00

99,00

2001

12.810.621.535 7.815.931.743

PT Bahana Karya Persada

Jakarta

Perdagangan, pembangunan,industri,dll

99.00

-

2006

5.000.000.000 -

PT Muzio Multimedia

Jakarta


80.00

-

2006

2.000.000.000 -

PT Citra Damai Abadi

Jakarta


0.00

-

2006

2.000.000.000 -

PT Indah Karya Perdana

Jakarta


70.00

-

2006

2.000.000.000 -

PT Mitra Sumber Berkat

Jakarta


70.00

-

2006

3.000.000.000 -

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.

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.







c. Perusahaan Anak (lanjutan) 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 ketentuan-ketentuan 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)

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.

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. 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. 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. 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. 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.


c. The Subsidiaries (continued) 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)

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. 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.

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. 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. 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. 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





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 masing-masing 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

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.

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.

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. 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. 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. 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.


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

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.

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.

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.

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. 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. 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




(Expressed in Rupiah, unless otherwise stated) 2. Ikhtisar Kebijakan Akuntansi

a. Dasar Pengukuran dan Penyusunan Laporan

Keuangan Konsolidasian

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

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

b. Prinsip-prinsip Konsolidasi

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.

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. 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.

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.

2. Summary of Accounting Policies

a. Basis of Measurement and Preparation of Consolidated Financial Statements

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. 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. 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.

The reporting currency used in the financial statements is Indonesian Rupiah.

b. Principles of Consolidation

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.

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. 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. 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. Ikhtisar Kebijakan Akuntansi (lanjutan)

c. Saldo dan Transaksi dalam Mata Uang Asing (lanjutan)

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

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

2006 2005

USD 9.020 9.830,00 HKD 1.160,41 1.267,83 SGD 5.878,73 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

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.

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:

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

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. 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.

2. Summary of Accounting Policies (continued)

c. Foreign Currency Transactions and Balances (continued) Any resulting gains or losses are credited or charged to the consolidated statement of income for the year.

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:

2006 2005

USD 9,020 9,830.00 HKD 1,160.41 1,267.83 SGD 5,878.73 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

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.

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:

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.

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. 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





e. Investasi (lanjutan) 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

Penyisihan piutang ragu-ragu ditetapkan berdasarkan penelaahan yang mendalam terhadap kondisi masing-masing 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.

g. Persediaan

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.

h. Aktiva Tetap

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:


e. Investment (continued)

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.

f. Provision for Dubtful Account

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. Inventory

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. Fixed Assets

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 20 Building and facilities Peralatan Mesin dan Perbaikan 10 Machinery Equipments and Repairs Kendaraan bermotor 3-5 Vehicles Inventaris Kantor 3-5 Office Inventories

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.

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.


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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

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

(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;

(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.

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

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.

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.


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

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

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

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. 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





k. Pengakuan Pendapatan dan Beban (lanjutan)

Beban diakui sesuai manfaatnya pada tahun yang bersangkutan.

l. Pajak Penghasilan dan Beban

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

m. Kewajiban Diestimasi Atas Imbalan Kerja

Imbalan kerja jangka pendek diakui sebesar jumlah tak terdiskonto ketika pekerja telah memberikan jasanya kepada perusahaan dalam suatu periode akuntansi. 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. Pesangon pemutusan kontrak kerja diakui jika, dan hanya jika, perusahaan berkomitmen untuk:

(a) Memberhentikan seorang atau sekelompok pekerja sebelum tanggal pensiun normal; atau

(b) Menyediakan pesangon bagi pekerja yang

menerima penawaran mengundurkan diri secara sukarela.

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.


k. Revenue and expense recognition (continued)

Expenses are recognized when incurred (accrual basis).

l. Corporate income tax

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

m. Estimated Liabilities on Employees’ Benefits

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

Termination benefits are recognized when, and only when, the Company is demonstrably committed to either: (a) Terminate an employee or group of employee

before the normal retirement date; or

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

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





o. Informasi Segmen

Informasi segmen disajikan menurut pengelompokkan (segmen) usaha. 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.


o. Segment Information

Segment Information is stated according to business segment. 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 2005

Kas: Cash:Rupiah 471.760.791 516.312.972 Rupiah Dollar Amerika Serikat

(2006: USD 6.182,04; 2005: USD 4.403,03) 55.762.000

43.281.785

USD Dollar (2006:USD 6,182.04 ; 2005:USD 4,403.03)

Dollar Hongkong (2006: HKD 430,26; 2005: nihil) 499.285

-

Hong Kong Dollar (2006:HKD 430.26 ;

2005:HKD 421.55)

Jumlah Kas 528.022.076 559.594.757 Subtotal Cash

Bank: Banks:Rupiah Rupiah

PT Bank Central Asia Tbk 5.451.266.546 7.144.953.736 PT Bank Central Asia Tbk PT Bank Buana Indonesia Tbk 659.563.142 986.833.548 PT Bank Buana Indonesia Tbk PT Bank Artha Graha Tbk 322.257.015 62.277.975 PT Bank Artha Graha Tbk PT Bank Negara Indonesia Tbk 202.962.122 543.435.492 PT Bank Negara Indonesia Tbk PT Bank Danamon Indonesia Tbk 193.325.177 281.505.856 PT Bank Danamon Indonesia Tbk PT Bank Mega Tbk 55.591.553 115.018.789 PT Bank Mega Tbk PT Bank Internasional Indonesia Tbk 30.978.188 65.836.117 PT Bank Internasional Indonesia Tbk PT Bank Kesawan 17.425.002 - PT Bank Kesawan PT Bank Mandiri Tbk 10.103.599 - PT Bank Mandiri Tbk PT Bank Permata Tbk 347.950.608 342.683.959 PT Bank Permata Tbk PT Bank Lippo Tbk - 34.246.179 PT Bank Lippo Tbk Lain-lain (masing-masing dibawah

Rp 10.000.000) 9.467.281

920.141.593

Other (each below Rp 10,000,000)

Sub Jumlah 7.300.890.233 10.496.933.244 Sub Total Mata Uang Asing Foreign currency

PT Bank Mandiri Tbk (2006:USD 1.863,80 2005:USD 276.958,90) 16.811.205 2.722.505.987

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) 21.658.643 119.118.072

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) 39.157.260 96.093.558

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) 19.055.562 20.828.001

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) - 9.636.779

PT Bank Century Tbk (formely

Century Intervest Corporation Tbk) (2006:USD nil ; 2005: USD 980.34)


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




(Expressed in Rupiah, unless otherwise stated) 3. Kas dan Bank (lanjutan)

3. Cash On Hand and Bank (continued)

Bank (lanjutan): Banks (continued):

PT Bank Artha Graha Tbk (2006:USD 684,9 2005:USD 716,69) 6.177.618 7.045.063

PT Bank Artha Graha Tbk (2006:USD 684.9

2005:USD 716.69)

Sub Jumlah 102.860.288 2.975.227.460 Subtotal

Jumlah Bank 7.403.750.521 13.472.160.704 Total Bank

Deposito Berjangka: Time Deposits: PT Bank Century Tbk (d/h

PT Century Intervest Corporation Tbk) 2.228.986.261 250.000.000

PT Bank Century Tbk (formerly PT Century Intervest

Corporation Tbk) PT Bank Mega Tbk - 950.000.000 PT Bank Mega Tbk

Jumlah Deposito Berjangka 2.228.986.261 1.200.000.000 Subtotal time deposits

Jumlah 10.160.758.858 15.231.755.461 Total

Deposito Berjangka: Time Deposits:Tingkat bunga dalam Rupiah

per tahun 6,15% - 9,75% 9% - 11,25%

Interest rate (Rupiah) per annum Jangka Waktu 1 bulan/ month 1 bulan/ month Period

4. Investasi Jangka Pendek 4. Short - term Investment

2006 2005

Deposito Berjangka Time depositsPT Bank Century Tbk (d/h PT Bank

Century Intervest Corporation Tbk) 1.500.000.000

1.500.000.000PT Bank Century Tbk (formerly PT Bank

Century Intervest Corporation Tbk) PT Bank Mizuho Indonesia 350.000.000 - PT Bank Mizuho Indonesia PT Bank Panin Tbk - 500.000.000 PT Bank Panin Tbk Industrial Bank of Japan - 100.000.000 Industrial Bank of Japan

Jumlah 1.850.000.000 2.100.000.000 Total

Penempatan pada Efek Investment on marketable securitiesPihak Ketiga Third parties

Diperdagangkan Trading Biaya Perolehan Acqusition cost

Kontrak Pengelolaan Dana Manajer Investasi

7.100.750.975 22.066.413.822 Contract in fund management of Investment manager

Jumlah 7.100.750.975 22.066.413.822 Total Laba (Rugi) Belum Direalisasi 11.960.964.260 811.456.953 Unrealized gain (loss) Pelepasan Investasi - (2.702.319.800) Investment Release

Nilai Wajar 19.061.715.235 20.175.550.975 Fair value

Jumlah Investasi Jangka Pendek 20.911.715.235 22.275.550.975 Total short - term investment

Deposito Berjangka Time depositsTingkat Bunga dalam Rupiah

per tahun 6,15% - 9,75%

9% - 11,25%

Interest rate in Rupiah p.a Jangka waktu 1 tahun/ year 1 tahun/ year Period

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.

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




(Expressed in Rupiah, unless otherwise stated) 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). Dalam tahun 2005, penempatan efek tersedia untuk dijual pihak ketiga telah dicairkan.

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).

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

5. Piutang Usaha 5. Accounts Receivable

2006 2005

Pihak Hubungan Istimewa Related partiesJoebstl Centrum (d/h PT Aweca

Nunner Gmbh) 1.188.500.292

1.017.576.925Joebstl Centrum (formerly PT

Aweca Nunner Gmbh)

Arief Prijatna - 1.263.138.400 Arief Prijatna Lain-lain 708.610.885 - Other

Jumlah 1.897.111.177 2.280.715.325 Total

Pihak Ketiga Third partiesTT International Limited 15.379.908.752 19.858.153.994 TT International Limited PT Matahari Lintas Cakrawala 11.642.947.837 32.043.131.799 PT Matahari Lintas Cakrawala PT Rainbow 10.150.000.000 - PT Rainbow PT Wacana Indah 4.672.580.600 - PT Wacana Indah PT Sarana Rekatama Dinamika 2.860.000.000 1.500.000.000 PT Sarana Rekatama Dinamika ZTE Corporation 1.692.875.000 - ZTE Corporation PT Mobile 8 Telecom 1.537.504.344 871.636.609 PT Mobile 8 Telecom PT AEON 1.417.276.822 - PT AEON PT Global Tritama Gading 1.261.712.950 - PT Global Tritama Gading PT Sony Indonesia 651.531.014 - PT Sony Indonesia PT Mustika Ratu - 3.406.225.136 PT Mustika Ratu PT Rajawali Citra Televisi

Indonesia -

3.059.248.780PT Rajawali Citra Televisi Indonesia

PT Surya Jaya - 1.629.322.500 PT Surya Jaya New Biz International SDN BHD - 1.554.702.766 New Biz International SDN BHD PT Global Informasi Bermutu - 1.552.674.850 PT Global Informasi Bermutu PT Aktivindo Citra Media - 1.514.971.920 PT Aktivindo Citra Media PT Pasific Food Indonesia - 1.361.845.599 PT Pasific Food Indonesia PT Carefour Indonesia - 1.243.965.650 PT Carefour Indonesia PT Ultra Prima Abadi - 908.236.117 PT Ultra Prima Abadi PT Cakrawala Andalas Televisi - 891.000.000 PT Cakrawala Andalas Televisi PT Nyonya Meneer - 730.651.040 PT Nyonya Meneer PT Oze Mitra Indonesia - 683.256.139 PT Oze Mitra Indonesia PT Mustika Ratu Center - 676.966.020 PT Mustika Ratu Center PT Infocom Elektrindo - 630.505.579 PT Infocom Elektrindo Regional Counter Asia - 597.103.690 Regional Counter Asia PT Zyrexindo Mandiri Buana - 540.754.820 PT Zyrexindo Mandiri Buana PT Surya Cipta Kencana - 514.941.025 PT Surya Cipta Kencana PT Center - 508.163.983 PT Center PT Dinamika Identa Pratama - 490.005.320 PT Dinamika Identa Pratama PT Mitra Maju Bersama - 427.704.830 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

Jumlah Piutang Usaha-Bersih 84.447.945.294 133.131.737.715 Net-total trade receivables


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




(Expressed in Rupiah, unless otherwise stated) 5. Piutang Usaha (lanjutan) 5. Accounts Receivable (continued)

Mutasi Penyisihan Piutang Ragu-ragu: 2006 2005

Mutation of provision for doubtful:

Saldo Awal 4.227.368.119 2.264.315.474 Beginning balance Penambahan (Pemulihan)-Bersih (295.957.198) 1.963.052.645 Additional-net

Saldo Akhir 3.931.410.921 4.227.368.119 Ending balance

a. Piutang usaha kepada pihak yang memiliki hubungan istimewa menggunakan syarat dan kondisi yang sama sebagaimana piutang usaha kepada pihak ketiga.

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

b. 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.

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

c. 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).

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)

2005

Pihak Hubungan Istimewa Related parties

PT Telagamas Mitra Alasindo 15.859.901.568 15.359.021.077 PT Telagamas Mitra Alasindo PT Pratama Duta Sentosa 1.200.000.000 - PT Pratama Duta Sentosa PT Handaru Pratama Cipta - 1.748.204.950 PT Handaru Pratama Cipta Lain-lain (masing-masing dibawah

Rp 1.000.000.000) 11.910.999.793

16.910.100.817Other (each below Rp

1,000,000,000)

Jumlah Pihak Hubungan Istimewa 28.970.901.361 34.017.326.844 Total related parties

Pihak Ketiga Third parties PT Global Tritama Gading - 1.340.608.150 PT Global Tritama Gading Lain-lain (masing-masing

dibawah Rp 1.000.000.000) 20.432.489.385

24.531.975.208Other (each below Rp

1,000,000,000)

Jumlah 20.432.489.385 25.872.583.358 Total Penyisihan Piutang ragu-ragu - (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 Mutasi Penyisihan Piutang Ragu-ragu:

Mutation of provision for doubtful:

Saldo Awal 28.744.587 588.763.291 Beginning balance Penambahan (Pemulihan)-Bersih (28.744.587) (560.018.704) Additional-net

Saldo Akhir - 28.744.587 Ending balance


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




(Expressed in Rupiah, unless otherwise stated) 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.

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.

c. Piutang kepada PT Global Tritama Gading merupakan tagihan atas pinjaman untuk keperluan operasional.

c. Receivable from PT Global Tritama Gading represents receivable for operational needs.

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.

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

7. Persediaan 7. Inventories 2006 2005

Barang Dagangan 75.404.110.838 81.629.957.228 Merchandise Suku Cadangan 2.812.929.227 2.538.030.256 Spare parts Produksi Sinema dan Media Hiburan 1.433.615.840 6.906.496.887 Cinema and entertainment media Jumlah 79.650.655.905 91.074.484.371 Total Dikurangi: Penyisihan Penurunan

Nilai Persediaan (1.504.846.397)

(1.386.548.387)Less: Provision for inventories

impairment

Nilai Bersih 78.145.809.508 89.687.935.984 Net value

a. 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).

a. 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).

b. 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 masing-masing 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.

b. 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.

c. Manajemen berkeyakinan bahwa penyisihan penurunan nilai persediaan yang dibentuk telah mencukupi untuk menutup kerugian yang mungkin timbul.

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


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




(Expressed in Rupiah, unless otherwise stated) 8. Pajak Dibayar Dimuka 8. Prepaid tax 2006 2005

Pajak Penghasilan Pasal 21 21.488.396 21.488.396 Income tax art 21 Pajak Penghasilan Pasal 22 1.633.650.789 4.522.031.653 Income tax art 22 Pajak Penghasilan Pasal 23 1.825.890.207 1.118.377.543 Income tax art 23 Pajak Penghasilan Pasal 25 / 29 70.455.781 100.388.361 Income tax art 25 / 29 Pajak Penghasilan Pasal 4 ayat 2 14.739.358 - Income tax art 4 (2) Lebih Bayar Pajak - 1.132.820.676 Over payment of taxes Pajak Pertambahan Nilai 20.100.238.671 17.917.240.331 Value added tax Fiskal 41.000.000 - Fiscal

Jumlah 23.707.463.202 24.812.346.960 Total 9. Biaya Dibayar dimuka 9. Prepaid expenses 2006 2005

Sewa 1.341.911.940 2.634.350.654 Rent Asuransi 201.827.526 124.912.913 Insurance Lainnya 514.680.581 4.923.484.696 Other

Jumlah 2.058.420.047 7.682.748.263 Total 10. Investasi saham pada perusahaaan asosiasi 10. Investment in associated company

Investasi pada:

Tempat Kedudukan/ Domicilied

Lembar Saham/

Per share

Persentase Kepemilikan/Ownership

2006

2005

Investment on:

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

Jumlah 866.649.009 4.436.534.158 Jumlah

Nilai tercatat investasi yang dicatat dengan metode ekuitas adalah sebagai berikut:

Value of investment equity method are as follows:

2006 2005

PT Optima Media Dinamika (OMD)

PT Optima Media Dinamika (OMD)

Saldo Awal 3.569.885.149 3.290.700.757 Beginning Balance Bagian Laba Bersih Perusahaan

Asosiasi - 279.184.392 Part Of Net Profit Company

Association Pengurangan Investasi (3.569.885.149) - Invesment Disposal

Saldo Akhir - 3.569.885.149 Ending Balance

PT Cipta Inti Multi Perdana (CIMP)

PT Cipta Inti Multi Perdana (CIMP)

Saldo Awal 866.649.008 866.649.009 Beginning Balance Bagian Rugi Bersih Perusahaan

Asosiasi - - Part Of Net Profit Company

Association

Saldo Akhir 866.649.008 866.649.009 Ending Balance


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




(Expressed in Rupiah, unless otherwise stated) 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.

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.

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 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 190.300.000.000 170.300.000.000 Investment in debt Securities Investasi Efek Ekuitas 320.000.000 320.000.000 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 190.300.000.000 170.300.000.000 Acquicition cost Dikurangi : Taksiran Penurunan

Nilai Permanen -

-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 :

• 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.

• 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.

• 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.

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 :

• 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.

• 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.

• 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. 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.

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) 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.

Obligasi Wajib tukar telah dijual dengan nilai Rp 139.986.000 kepada: • 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.

• 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.

11. Long - term investment (continued)

• 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.

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) 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.

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

• 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 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 320.000.000 320.000.000 Acquisition cost Dikurangi: Taksiran Penurunan

Nilai Permanen - - 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. Investasi Jangka Panjang Lainnya (lanjutan)

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.

11. Long Term Investment (continued) 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.

12. Aktiva Tetap 12. Fixed Assets

2006 1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 December/

January 1, 2006 Additions Deductions Reclassification December 31, 2006

Harga Perolehan Acquisition costPemilikan Langsung Direct ownership

Tanah 2.532.202.500 1.328.525.000 1.890.935.000 - 1.969.792.500 Land Bangunan dan Prasarana 4.657.422.837 155.000.000 1.664.436.950 - 3.147.985.887 Buildings and Facilities Peralatan Mesin dan Perbaikan 8.280.510.289 240.339.813 721.215.200 - 7.799.634.902

Machinery Equipment and repairment

Kendaraan 8.282.311.504 161.200.000 1.819.998.970 - 6.623.512.534 Vehicles Inventaris Kantor 13.544.660.988 2.156.204.814 2.699.177.266 - 13.001.688.536 Office equipments

Jumlah 37.297.108.118 4.041.269.627 8.795.763.386 - 32.542.614.359 Total

Aktiva Sewa Guna Usaha: Assets under capital Lease: Kendaraan 2.681.796.250 615.350.000 1.384.641.750 - 1.912.504.500 Vehicles

Aktiva Dalam Pengembangan 68.493.165.000 830.059.019 - - 69.323.224.019 Fixed assets

under Construction Jumlah 108.472.069.368 5.486.678.646 10.180.405.136 - 103.778.342.878 Total

Akumulasi Penyusutan Accumulated DepreciationPemilikan Langsung Direct Acquisitions

Bangunan dan Prasarana 1.937.698.063 248.056.967 276.598.739 - 1.909.156.291 Building and Improvement Peralatan Mesin dan

Perbaikan

5.324.877.630

210.558.542

5.054.025.919

-

481.410.253 Machinery equipments and

Repairment Kendaraan 6.074.926.309 611.732.662 1.202.821.422 - 5.483.837.549 Vehicles Inventaris Kantor 7.764.894.020 7.474.591.638 1.377.964.555 - 13.861.521.103 Office Equipments Aktiva sewa guna usaha: Under Capital Lease:Kendaraan 854.857.607 394.674.876 660.311.495 - 589.220.988 Vehicles

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/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 December/ January 1, 2005 Additional Deduction Reclassification December 31, 2005 Harga Perolehan Acquisition costPemilikan Langsung Direct ownership

Tanah 2.532.202.500 - - - 2.532.202.500 Land Bangunan dan Prasarana 8.344.343.741 857.609.875 - (4.544.530.779) 4.657.422.837 Buildings and Facilities Peralatan Mesin dan

Perbaikan 1.521.336.218 2.289.642.203 - 4.469.531.868 8.280.510.289 Machinery equipments and

repairment Kendaraan 8.405.764.101 472.305.494 1.478.355.454 882.597.363 8.282.311.504 Vehicles Inventaris Kantor 8.543.932.114 5.191.876.177 266.041.469 74.894.166 13.544.660.988 Office Equipments

Jumlah 29.347.578.674 8.811.433.749 1.744.396.923 882.492.618 37.297.108.118 Total

Aktiva Sewa Guna Usaha Assets under capital Lease) Kendaraan 2.565.646.868 1.220.592.000 260.500.000 (843.942.618) 2.681.796.250 Vehicles Aktiva Dalam Pengembangan

- 68.493.165.000 - - 68.493.165.000 Fixed assets under

Construction

Total 31.913.225.542 78.525.190.749 2.004.896.923 38.550.000 108.472.069.368 Total


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




(Expressed in Rupiah, unless otherwise stated) 12. Aktiva Tetap (lanjutan) 12. Fixed Assets (continued)

Akumulasi Penyusutan Accumulated DepreciationPemilikan Langsung Direct Acquisitions

Bangunan dan Prasarana 4.163.109.825 342.525.502 - (2.567.937.264) 1.937.698.063 Building and Improvement Peralatan Mesin dan Perbaikan 1.615.353.375 1.183.482.092 - 2.526.042.163 5.324.877.630

Machinery equipments and Repairment

Kendaraan 5.693.620.976 1.167.405.754 1.216.180.080 430.079.659 6.074.926.309 Vehicles Inventaris Kantor 6.519752.720 1.468.156.294 251.840.981 28.825.987 7.764.894.020 Office Equipments Aktiva sewa guna usaha: Under Capital Lease : Kendaraan 866.514.713 483.841.967 117.047.531 (378.451.542) 854.857.607 Vehicles

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).

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.

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.

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.

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).

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.

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.

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. Goodwill

2006 2005

Harga Perolehan: Acquirement price:

Saldo awal 21.297.441.997 21.297.441.997 Beginning balance Pengurangan (1.262.862.112) - Reduction

Saldo Akhir 20.034.579.885 21.297.441.997 Ending Balance

Akumulasi: Carrying value: Saldo awal (19.273.616.615) (18.903.483.578) Beginning Penambahan (379.502.304) (370.133.037) Addition Pengurangan 442.001.740 - Reduction

Saldo Akhir (19.211.117.179) (19.273.616.615) Ending balance

Jumlah 823.462.706 2.023.825.382 Total


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




(Expressed in Rupiah, unless otherwise stated) 14. Piutang lain-lain 14. Other Receivable

2006 2005

PT Jaya Lestari Adiperkasa 8.054.478.129 8.054.478.129 PT Jaya Lestari Adiperkasa Galaxy 353.777.874 353.777.874 Galaxy Lain-lain 550.000.000 - Other

Jumlah 8.958.256.003 8.408.256.003 Total Dikurangi : Penyisihan Piutang Ragu-ragu (664.367.158)

(664.367.158)

Less: Allowance for Doubtful Account

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

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. 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 2005

Aktiva Tidak Berwujud Intangible asset Harga Perolehan 4.307.217.301 4.307.217.301 Carrying Value Akumulasi Amortiasi (4.307.217.301) (3.385.898.989) Accumulated Amortization

Nilai Bersih Aktiva Tidak Berwujud - 921.318.312 Net- Intangible Asset Deposito Jaminan 4.010.811.680 9.310.264.319 Security Deposit Biaya Pengembangan Jaringan 566.367.086 - Network Development Cost Aktiva Tetap Tidak Digunakan 4.706.820.311 4.706.820.311 Unused fixed assets Lain-lain 1.734.384.986 3.099.370.059 Others

Jumlah 11.168.384.063 18.037.773.001 Total

2006 2005

Saldo Awal 3.385.898.989 2.830.510.360 Beginning Balance Mutasi amortisasi tahun berjalan 921.318.312

555.388.629

Mutation of Amortization in the current year

Saldo Akhir 4.307.217.301 3.385.898.989 Ending Balance


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




(Expressed in Rupiah, unless otherwise stated) 15. Aktiva Lain-lain (lanjutan) 15. Other Assets (continued)

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

b. Aktiva tetap tidak digunakan merupakan tanah,

bangunan dan prasarana, peralatan dan perabot kantor, dan kendaraan yang ada di cabang Surabaya (non aktif).

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.

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

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

b. Unused fixed assets represent unsed land, building

and improvement, property and office equipment, and also vehicles in Surabaya branch (non active).

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.

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

16. Pinjaman Jangka Pendek 16. Short Term loan

2006 2005

Kredit Modal Kerja Working Capital Credit

Dalam Rupiah In Rupiah PT Bank Negara Indonesia Tbk 116.540.913.932 118.738.092.958 PT Bank Negara Indonesia Tbk Kredit Pemilikan Rumah (KPR) Housing Loan Credit FacilityDalam Rupiah PT Bank International Indonesia 101.346.423

-

PT Bank International Indonesia

Cerukan Overdraft

Dalam Rupiah In Rupiah PT Century Tbk (d/h PT Bank Century Intervest Corporation Tbk) 958.689.174

873.308.163

PT Century Tbk (formerly PT Bank Century Intervest

Corporation Tbk)

Jumlah 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.

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%.

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

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.

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.

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


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




(Expressed in Rupiah, unless otherwise stated) 16. Pinjaman Jangka Pendek (lanjutan)

• 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.

• 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,

• 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,

• 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.

• 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;

• 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;

• Persediaan senilai Rp.176.691.867.535 yang

diikat fidusia notarill; • Piutang dagang senilai Rp 82.289.591.040 yang

diikat secara fidusia notarill; dan • Personal Guarantee dari Tn. Bintaro Tijtrowiroyo.

• Personal Guarantee dari Tn. 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.

16. Short Term loan (continued) • Land and Building with Building use rights

(HGB) No.00328 and 00329 of PT Agis Electronic located in jalan Ir.H.Juanda No.75 A-B Kel. Cirendeu, Kec. Ciputat, Tanggerang, Jawa Barat measuring 89 sqm and 101 sqm,

• 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,

• 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,


(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.

• 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;


(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;

• Inventory amounted to Rp.176.691.867.535 is

used as collateral by notarized by fiduciary;

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

• Personal Guarantee from Tn. Bintaro

Tijtrowiroyo.

• Personal Guarantee from Mr. Jhonny Kesuma

b. 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. Pinjaman Jangka Pendek (lanjutan)

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. 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.

16. Short Term loan (continued) 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.

c. 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. Hutang Usaha 17. Account Payable - Trade

2006 2005

Pihak yang Memiliki Hubungan Istimewa

Related Parties

Lain-lain - 1.690.382.496 Others

Jumlah - 1.690.382.496 Total

Pihak Ketiga Third PartiesPT Dwi Tunggal Utama 13.895.381.632 - PT Dwi Tunggal Utama PT Sony Indonesia 13.296.538.993 2.002.298.300 PT Sony Indonesia TT Internasional Ltd. 5.842.248.911 - TT Internasional Ltd. PT Samsung Indonesia 4.818.084.066 2.634.114.909 PT Samsung Indonesia PT Mobile 8 Telekom 2.717.578.960 2.717.578.960 PT Mobile 8 Telekom Top Victory Elektronik 2.635.559.439 2.635.559.439 Top Victory Electronic PT Sharp Elektronik Indonesia (d/h PT Sharp Yasonta Antamusa) 2.224.317.758

1.851.051.434

PT Sharp Eectronic Indonesia (formerly PT Sharp Yasonta

Antamusa) PT Prasasti Mitra - 627.303.333 PT Prasasti Mitra Wahana Bersama Abadi 1.712.100.077 - Wahana Bersama Abadi PT Bhakti Media International 2.055.683.600 - PT Bhakti Media International PT Mitra Caspertama Indonesia - 4.629.199.634 PT Mitra Caspertama Indonesia PT Gembira Elektronik - 1.016.565.000 PT Gembira Elektronik Procurement Center - 3.835.147.241 Procurement Center PT Akira Electronic - 2.884.866.603 PT Akira Electronic PD Sinar - 1.108.820.063 PD Sinar PT Media Bhakti Nusantara - 1.046.741.970 PT Media Bhakti Nusantara Lain-lain (masing-masing Others (each bellow Rp dibawah Rp 1.000.000.000) 3.433.800.006 44.034.987.736 1.000.000)

Jumlah 52.631.293.442 71.024.234.622 Total

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

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


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




(Expressed in Rupiah, unless otherwise stated) 18. Hutang Lain-lain 18. Other payable

2006 2005

Pihak Hubungan Istimewa Related Parties

PT Aweca Nunner Gmbh 1.696.692.488 - PT Aweca Nunner Gmbh Lain-lain (dibawa Rp

1.000.000.000) 4.287.932.614

2.692.997.711Others (each below Rp

1.000.000.000)

Jumlah Pihak Hubungan Istimewa 5.984.625.102 2.692.997.711 Total Related Parties

Pihak Ketiga Third PartiesLain-lain (masing-masing Others (each below dibawah Rp.1.000.000.000) 2.935.724.726 37.702.257.495 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 19. Taxation

a. Hutang Pajak

a. Tax Payable

2006 2005

Perusahaan The Company Pajak Pertambahan Nilai 2.136.062.990 1.352.934.377 Value Added Tax Pajak Penghasilan: Income taxes:

Pasal 21 12.567.843 10.369.217 Article 21 Pasal 23 204.575.825 68.710.180 Article 23

Jumlah 2.353.206.658 1.432.013.774 Total

Perusahaan-Perusahaan Anak The Subsidiaries Pajak Pertambahan Nilai 24.968.830.950 21.897.762.112 Value added tax Pajak Penghasilan Badan 391.028.106 8.322.139.899 Corporate income tax Pajak Penghasilan Income taxes Pasal 4 7.040.250 43.134.048 Article 4 Pasal 21 104.607.933 313.968.330 Article 21 Pasal 23 678.513.247 685.082.038 Article 23 Pasal 25 2.894.029 119.055.174 Articlel 25

Jumlah 26.152.914.515 31.381.141.601 Total

Jumlah 28.506.121.173 32.813.155.375 Total

b. Manfaat (Beban) Pajak Penghasilan b. Income Tax Benefit (Expenses)

2006 2005

Pajak Kini (133.773.198) (5.270.871.000) Current Tax Pajak Tangguhan 9.949.441.410 3.771.632.660 Deferred Tax

Jumlah Manfaat (Beban) Pajak Penghasilan 9.815.668.212 (1.499.238.340)

Total Income Tax Benefit (Expenses)


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




(Expressed in Rupiah, unless otherwise stated) 19. Perpajakan (lanjutan)

Pajak Kini Rekonsiliasi antara laba (rugi) sebelum taksiran pajak penghasilan berdasarkan laporan laba rugi konsolidasian dengan taksiran laba (rugi) fiscal Perusahaan adalah sebagai berikut :

19. Taxation (continued)

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

2006 2005

Laba (Rugi) Sebelum Pajak Penghasilan Menurut Laporan Laba Rugi Konsolidasi

1.108.802.414

543.389.737Income (loss) before tax per

consolidated Statements of income

Rugi (Laba) Perusahaan Anak sebelum Pajak Penghasilan 8.935.070.997

(3.826.008.040)

Income (loss) before corporate income tax of subsidiaries

Laba (Rugi) Sebelum Pajak Penghasilan Perusahaan 10.043.873.411 (3.282.618.303)

Income (loss) before corporate income tax Company

Perbedaan Waktu : Timing Differences : Penyusutan Aktiva Tetap 216.262.863 151.074.184 Depreciation of fixed asset Penyisihan Barang Usang Penyisihan Piutang Ragu-ragu

29.589.767-

190.139.4101.563.030.571

Allowance for obsolescence Allowance for doubtful accounts

Penyisihan Uang Jasa Karyawan 181.663.690 311.539.724 Allowance of employees benefits

Jumlah 427.516.320 2.215.783.889 Total

Beban (Penghasilan) yang tidak dapat Dikurangkan Menurut Fiskal

Undeductible expenses and Income subject to final tax

Uang Makan dan Tunjangan 261.146.467 34.611.900 Meal allowance Pajak-pajak 44.021.325 191.511.043 Taxes Representasi 12.336.230 30.949.479 Representation Sumbangan 13.021.450 - Donation Cadangan Biaya Perbaikan 24.732.179 - Provision of Service Charge Keuntungan (kerugian) Penjualan

Aktiva Tetap 12.027.724 (1.063.333)

Gain (loss) on sales of fixed asset Bagian (laba) Rugi Bersih

Perusahaan Asosiasi (12.570.073.228) (1.057.772.418)Equity in net income (loss) of

associated companies Bunga Deposito dan Jasa Giro (149.442.160) (166.777.032)

Interest income on time deposits and current accounts

Lain-lain (27.087.019) 81.700.000 Others

Jumlah 12.379.317.032 (886.840.361) Total Rugi Fiskal Perusahaan Sebelum

Kompensasi kerugian Fiskal (1.907.927.301) (1.953.674.775)Fiscal Loss - Company, before

carryforward fiscal loss compensation

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

Dibebankan padaLaporan Laba Rugi/

Charge to Profit loss

2005

Dibebankan padaLaporan Laba Rugi/

Charge to Profit loss

2006 Perusahaan : Company Rugi Fiskal 2.871.361.836 586.102.433 3.457.464.269 572.378.190 4.029.842.459 Fiscal losss Penyisihan Rugi Fiskal tidak

terkompensasi

(336.503.147)

-

(336.503.147) -

(336.503.147)

Reward work

Penghapusan Piutang 1.185.682.095

468.909.171

1.654.591.266 -

1.654.591.266

Uncompensation fiscal allowance benefits(loss)

Penyusutan Aktiva tetap 1.094.800.564 45.322.255 1.140.122.819 64.878.860 1.205.001.679 Depreciation fixed asset Penyisihan barang usang 226.639.489 57.041.823 283.681.312 8.876.930 292.558.242 Obsolence Inventory Penyisihan uang jasa

karyawan

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 4.758.279.962 2.520.795.061 7.279.075.023 9.248.808.324 16.527.883.347 The Subsidiaries-Net Jumlah Aktiva Pajak

Tangguhan Bersih

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. Perpajakan (lanjutan)

Rekonsiliasi antara laba (rugi) sebelum pajak penghasilan dengan manfaat (beban) pajak penghasilan adalah sebagai berikut:

19. Taxation (continued) Reconciliation between income (loss) before corporate income tax with benefits (expense) corporate income tax are as follows:

2006 2005

Laba (Rugi) Sebelum Pajak

Penghasilan menurut Laporan Laba Rugi Konsolidasi 108.802.414

543.389.737

Income (loss) before tax per consolidated statements of

income Rugi (Laba) Perusahaan Anak

Sebelum Pajak Penghasilan 8.935.070.997

(3.826.008.040)Income (loss) before corporate

income tax of subsidiaries Laba (Rugi) Sebelum Pajak

penghasilan Perusahaan 10.043.873.411

(3.282.618.303)Income (loss) before corporate income tax of the Company

Pajak Penghasilan Dihitung dengan tarif pajak yang berlaku (3.013.162.023)

984.785.491

Income tax calculated with regulated tax rate

Pengaruh Pajak Atas Beban (Penghasilan) yang Tidak Dapat

Diperhitungkan Menurut Fiskal:

Effect taxes on undeductible Expenses and Income subject to final tax

Representasi dan Jamuan (3.700.869) (9.284.844) Representation and Entertainment Pajak-pajak (final) (13.206.398) (57.453.844) Taxes (final)Uang Makan dan Tunjangan (78.343.940) (10.383.570) Meal allowance Sumbangan (3.906.435) - Donation Cadangan biaya perbaikan (7.419.654) - Provision for service charges Pengakuan Laba (Rugi) Perusahaan Asosiasi 3.771.021.968 317.331.725

Recognition of net income (loss) associated companies

Penghasilan yang Dikenakan Pajak Final:

Income subject to Final tax :

Bunga Deposito & Jasa Giro 44.832.648 50.033.110 Interest income on time deposits Penjualan Aktiva Tetap (3.608.317) 319.000 Sales of fixed assets Lain-lain 8.126.106 (24.510.000) Others

Jumlah Sebelum Penyisihan 3.713.795.109 266.052.108

Total before allowance

Manfaat (Beban) Pajak Perusahaan 700.633.086 1.250.837.599 Benefits (Expense) of Company tax Manfaat (Beban) Pajak Perusahaan Anak 9.115.035.126 (2.750.075.939)

Benefits (Expense) of the subsidiaries tax

Jumlah Manfaat (Beban) Pajak 9.815.668.212 (1.499.238.340) Total of Benefits (Expense) tax 20. Biaya Yang Masih Harus Dibayar 20. Accrued Expense

2006 2005

Sewa 587.247.348 1.612.512.010 Rent Jasa Profesional 311.921.000 407.010.671 Professional fee Gaji dan Tunjangan 460.174.283 168.637.847 Salaries and benefits Lain-lain 3.182.895.717 4.480.365.675 Others

Jumlah 4.542.238.348 6.668.526.203 Total


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




(Expressed in Rupiah, unless otherwise stated) 21. Pinjaman Jangka Panjang 21. Long Term Loan

2006 2005

Pinjaman Bank Bank Loans PT Bank Haga 1.167.983.586 1.279.841.808 PT Bank Haga PT Bank Internasional Indonesia Tbk 219.028.790 1.144.315.845 PT Bank Internasional Indonesia Tbk

Jumlah 1.387.012.376 2.424.157.662 Total Bagian Yang Jatuh Tempo dalam

Waktu Satu tahun (600.140.093) (416.622.764) Current Maturity

Jumlah 786.872.283 2.007.534.898 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.

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 X-Trail, 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.

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).

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. 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. 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

Payment maturity due in 2006

2007 dan Sesudahnya 154.644.573 1.147.878.272 2007 and Afterward Bagian yang Jatuh Tempo Dalam Waktu Satu Tahun (35.289.462) (247.939.558)

Maturity due in one year

Hutang Sewa Guna Usaha Jangka Panjang 119.355.111 899.938.714

Long term Obligation under Capital Lease


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




(Expressed in Rupiah, unless otherwise stated) 23. Kewajiban Diestimasi dan Imbalan Kerja 23. Estimated Liabilities on Employees Benefit

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.

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.

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

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 : 10% Discount rate : 12% Tingkat Proyeksi Kenaikan Gaji

: 2% Estimated future salary increase

: 7%

Tingkat Mortalita : 100% TMII Mortality Table : 100% TMII Tingkat Cacat Tetap : 5% TMII Disability Rate : 5% TMII Tingkat Pengunduran Diri : 5% s.d. 40 tahun

dan menurun secara linier s.d. 55 tahun

Resignation rate : 5% up to age 40 years, then decrease in linier at age 55

Proporsi Pengambilan Pensiun Normal

: 100% Proportion Rate : 100%

Metode : Projected Unit Credit

Method : Projected Unit Credit

Jumlah kewajiban yang diakui berdasarkan laporan aktuaris adalah sebagai berikut:

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

2006 2005

Penyisihan Beban Imbalan Kerja yang Diakui:

Employees benefits recognized in statements of income:

Saldo Awal 4.823.095.854

3.170.642.191

Balance at the Beginning of the Year

Beban Imbalan Kerja 1.453.525.681 1.652.453.663 Employees Benefits Expense Koreksi Saldo Awal atas Penerapan PSAK 24 (Revisi 2004) (1.656.761.515)

-

Correction of Beginning Balance for implementation SFAS 24

(Revised 2004)

Jumlah Kewajiaban Diestimasi yang Diakui 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




(Expressed in Rupiah, unless otherwise stated) 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:

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

2006 2005

Biaya Jasa Kini 709.697.382 907.891.867 Present service Expenses Biaya Bunga 397.658.210 432.253.253 Interest Expenses Hasil yang diharapkan dari Aktiva

Program -

-Expectation of result from

Assets Program Total Biaya Jasa Non - Vested yang

Diamortisasi 55.235.468

57.568.533Total Present Service with

Amortization Non Vested Biaya Jasa Lalu - Vested yang

Diakui langsung 290.934.621

255.172.578

Past Service Cost - Vested directly Amortisasi (Keuntungan) Kerugian

Aktuaria -

(432.568)Amortization of (gain) loss

from Actuaria Biaya Pesangon Pemutusan

Hubungan Kerja -

-Severance pay expense of

dismissal labor

Jumlah Beban Imbalan Kerja 1.453.525.681 1.652.453.663

Total Employees’ benefit Expenses

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

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.

24. Modal Saham 24. Capital Stock

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:

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:

2006

Pemegang saham Jumlah Saham

Shares Kepemilikan % Percentage of

Ownership Jumlah

Amount Shareholders

OCBC Securities Private Ltd 302.419.000 16.11 60.483.800.000 OCBC Securities Private Ltd PT Bhakti Asset Management 249.250.000 13.28 49.850.000.000 PT Bhakti Asset Management PT Bank Artha Graha Tbk 134.307.000 7.16 26.861.400.000 PT Bank Artha Graha Tbk Masyarakat (masing-masing dibawah 5%) 1.191.026.550 63.45 238.205.310.000 Public (below 5% each)

Jumlah 1.877.002.550 100.00% 375.400.510.000 Total


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




(Expressed in Rupiah, unless otherwise stated) 24. Modal Saham (lanjutan) 24. Capital Stock (continued)

2005

Pemegang saham Jumlah Saham

Shares Kepemilikan % Percentage of

Ownership Jumlah

Amount Shareholders

PT Bhakti Investama Tbk 764.709.005 40,74 152.941.801.000 PT Bhakti Investama Tbk OCBC Securities Private Ltd 249.250.000 13,28 49.850.000.000 OCBC Securities Private Ltd PT Bhakti Asset Management 194.718.000 10,37 38.943.600.000 PT Bhakti Asset Management PT Bank Artha Graha Tbk 105.375.000 5,61 21.075.000.000 PT Bank Artha Graha Tbk Public (below 5% each) 562.950.545 30,00 112.590.109.000 Public (below 5% each)

Jumlah 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. C-09086.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 4.842.600.000 4.842.600.000 Excess of par value Biaya Emisi Saham (9.972.443.622) (9.972.443.622) Right issue expense

Jumlah Bersih (5.129.843.622) (5.129.843.622) Total - Net Agio Saham Excess of Par Value

2006 2005

Penjualan Saham Perusahaan pada Penawaran umum kepada masyarakat Tahun 1994 13.500.000.000

13.500.000.000

Public offering of the Company’s

shares in 1994 Jumlah yang diterima Untuk Pengeluaran 1000.000 Saham

Proceeds from the issuance of 10.000.000 shares

Jumlah yang Dicatat Sebagai Modal Disetor (10.000.000.000)

(10.000.000.000)

Total par value of capital stock

Bersih 3.500.000.000 3.500.000.000 Net


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




(Expressed in Rupiah, unless otherwise stated) 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 Limited Offering 1 to the

stockholders Tahun 1997 In 1997 Jumlah yang diterima untuk Pengeluaran 68.500.000 Saham 68.500.000.000

68.500.000.000

Proceeds from the issuance of 68.500.000 shares

Jumlah yang Dicatat Sebagai Modal Disetor (68.500.000.000)

(68.500.000.000)

Total par value of capital stock

Bersih - - Net Penambahan Agio dari Deviden

Saham 1.342.600.000

1.342.600.000Additional Paid- in Capital from

Stock Dividend

Saldo Agio Saham 4.842.600.000 4.842.600.000 Balance of par value

Biaya Emisi Saham Right issue expense Penawaran Umum tanggal 28

Desember 1994 1.558.063.448

1.558.063.448Public Offering in December 28,

1994 Penawaran Umum Terbatas I

tanggal 15 Mei 1997 2.811.183.975

2.811.183.975Limited Offering I in May 15,

1997 Penawaran Umum Terbatas II

Tanggal 6 Mei 2001 5.603.196.159

5.603.196.159Limited Offering II in May 6,

2001

Jumlah 9.972.443.622 9.972.443.622 Total

26. Pendapatan Usaha 26. Operating Income

2006 (%) 2005 (%)

Penjualan Barang Dagangan 306.919.817.160 89,55 187.670.726.951 48,95 Sales of merchandisePendapatan Jasa

Telekomunikasi dan Multi Media

- - 147.925.848.264 38,58 Revenue from Multimedia and Telecomunication

Jasa Perbaikan Elektronik dan Logistik

43.640.132.772 12,73 50.021.028.555 13,05 Logistics and Servicesfrom Electricity Repairs

Retur dan Potongan Penjualan (7.827.460.015) (2,28) (2.232.745.392) (0,58) Sales Discount and return Jumlah 342.732.489.917 100,00 383.384.858.378 100,00 Total

27. Beban Pokok Penjualan 27. Cost of Goods Sold

2006 2005

Beban pokok Penjualan Barang Dagangan

Cost of goods sold

Persediaan Awal 81.613.509.128 62.544.648.566 Beginning Inventories Pembelian 266.171.199.981 173.723.024.480 Purchases Retur 1.192.188.860 - Return

Barang Tersedia Dijual 348.976.897.969 236.267.673.046 Goods available for sale Persediaan Akhir (75.517.859.366) (81.629.957.228) Ending Inventories

Beban Pokok Penjualan 273.459.038.603 154.637.715.818 Cost of goods sold Beban Pokok Jasa Multimedia

dan Telekomunikasi - 118.021.005.150 Cost of Multimedia and

Telecommunication Beban Pokok Jasa Perbaikan

Elektronik dan Logistik 31.035.722.385 43.872.400.632 Cost of Logistics and services

from electricity repairs

Jumlah 304.494.760.988 316.531.121.600 Total


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




(Expressed in Rupiah, unless otherwise stated) 28. Beban Usaha 28. Operating Expenses

2006 2005

Penjualan Selling ExpenseGaji dan Kesejahteraan 13.214.561.919 8.717.244.048 Salaries and employee’ welfare Sewa 9.820.966.406 9.329.092.476 Rental Promosi 3.034.858.071 1.286.138.562 Promotion Listrik, Air dan Telepon 2.961.960.746 2.162.596.714 Telephone, water, and electricity Penyusutan Aktiva Tetap 2.224.773.058 1.740.148.653 Depreciation of fixed asset Perbaikan dan Pemeliharaan 717.795.991 315.556.573 Repairs and maintenance Transport 1.527.012.253 741.099.490 Transportation Bonus dan Komisi - 47.013.000 Comissions and bonus Lain-lain 1.472.584.591 3.658.320.947 Others

34.974.513.035 27.997.210.463

2006 2005

Umum dan Administrasi General and AdministrativeGaji dan Kesejahteraan 10.191.623.982 20.785.819.341 Salaries and employee’ welfare Penyusutan Aktiva Tetap 2.385.534.620 2.759.494.342 Depreciation of fixed asset Sewa 2.135.491.537 2.249.531.931 Rental Pajak 1.451.902.031 3.559.468.529 Taxes Listrik, Air dan Telepon 1.067.395.934 2.153.562.073 Telephone, water, and electricity Konsultan 812.371.598 1.383.986.498 Consultan

Perjalanan 810.764.646 862.394.419 Travel Perlengkapan Kantor 328.841.080 373.061.782 Office Supplies Perbaikan dan Pemeliharaan 324.511.878 510.712.987 Repairs and maintenance

Sumbangan dan Penjamuan 148.725.872 516.934.901 Donation and entertainment Administrasi Bank 93.651.307 97.112.590 Bank charges

Lain-lain 4.450.714.905 4.833.442.033 Others

24.201.529.390 40.085.521.426 29. Pendapatan (Beban) Lain-lain 29. Other Income and Expenses

2006

(Disajikan Kembali / Restated, Catatan

/ Note 35

2005

Penghasilan Sewa 3.446.164.218 3.048.600.000 Rent income Pendapatan jasa giro dan deposito 756.706.404

577.946.118

Interest on Current accounts and time deposits

Keuntungan Penjualan Aktiva Tetap 12.027.724 573.906.176 Gain on sale of fixed assets Selisih Kurs Mata Uang Asing-

Bersih 23.355.172

(285.781.480)Difference of foreign exchange -

Net Amortisasi Goodwill (379.502.304) (356.410.369) Goodwill Amortization Beban Bunga (11.239.957.550) (5.506.451.265) Interest Expense Lainnya - Bersih 4.182.987 3.720.555.668 Others - Net

Pendapatan Lain-lain Bersih (7.377.023.351) 1.772.364.848 Others Income - Net


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




(Expressed in Rupiah, unless otherwise stated) 30. Sifat dan Transaksi dengan Pihak Hubungan

Istimewa 30. Nature and Transaction With Related Parties

Sifat Hubungan Istimewa Nature of Related parties (i) Joebstl Centrum merupakan pemegang saham PT

JCL Indonesia (d/h PT Agis Aweca Asia), perusahaan anak;

(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)

1.188.500.292 1.017.576.925 0,19 0,15

Joebstl Centrum (formerly PT

Aweca Nunner Gmbh) Arief Priyatna - 1.263.138.400 - 0,19 Arief Priyatna Lain-lain 708.610.885 - 0,12 - Others Jumlah 1.897.111.177 2.280.715.325 0,31 0,34 Total

Piutang Lain-lain: Other Receivables

PT Telagamas Mitra Alasindo 15.859.901.568 15.359.021.077 2,58 2,30

PT Telagamas Mitra Alasindo

PT Pratama Duta Sentosa 1.200.000.000 - 0,19 -

PT Pratama Duta Sentosa

PT Handaru Pratama Cipta

- 1.748.204.950 -

0,26

PT Handaru Pratama

Cipta Lain-lain (dibawah Rp

1.000.000.000) 11.910.999.793

16.910.100.817 1,93 2,53 Others (Each below Rp

1.000.000.000) Jumlah 28.970.901.361 34.017.326.844 4,70 5,09 Total

Hutang Usaha: Trade Payables

Lain-lain - 1.690.382.496 0.00 0.25 Others Jumlah - 1.690.382.496 0.00 0.25 Total

Hutang Lain-lain Other Payables PT Aweca Nunner Gmbh 1.696.692.488 - 0,28 0.00

PT Aweca Nunner Gmbh

Lain-lain 1.590.849.472 2.692.997.711 0,26 0.40 Others Jumlah 3.287.541.960 2.692.997.711 0,54 0.40 Total


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




(Expressed in Rupiah, unless otherwise stated) 31. Informasi Segmen Usaha 31. Business Segment Information

Segmen Primer Primary SegmentPerusahaan dan perusahaan anak pada saat ini melakukan kegiatan usaha sebagai berikut:

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

Nama Usaha Bussines NamePT Agis Tbk Jasa perdagangan

umum dan perbaikan elektronik

General trading service and repairment of

electronic

PT Agis Tbk

PT Agis Electronic dan perusahaan anak

Distribusi dan retailer produk elektronik

Distribution and retailer of electronic products

PT Agis Electronic and its subsidiaries

PT JCL Indonesia (d/h. PT Agis Aweca Asia) dan perusahaan anak

Jasa logistik dan forwading

Logistic service and forwarding

PT JCL Indonesia (formerly PT Agis Aweca Asia) and its

subsidiaries PT Agis Mitra Mandiri dan perusahaan anak

Jasa telekomunikasi dan Multimedia

Telecomunication service and Multimedia

PT Agis Mitra Mandiri and its subsidiaries

31 Desember 2006

Service

Trading

Forwarding

Multimedia

Jumlah/Total

Eliminasi/ Elimination

Konsolidasi/ Consolidation

December 31, 2006

Pendapatan Revenue Pihak Eksternal 15.067.959.569 299.130.266.713 28.534.263.635 - 342.732.489.917 - 342.732.489.917 External Antar Segmen - - - - - - - Inter Segments Jumlah pendapatan 15.067.959.569 299.130.266.713 28.534.263.635 - 342.732.489.917 - 342.732.489.917 Total Revenue Hasil Result Hasil Segmen 9.762.727.653 25.244.353.743 3.230.647.533 - 38.237.728.929 - 38.237.728.929 Result of Segment Beban Usaha 12.600.111.510 41.172.932.264 4.189.817.409 1.213.181.243 59.176.042.426 - 59.176.042.426 Operating expense Rugi Usaha (2.837.383.857) (15.928.578.521) (959.169.876) (1.213.181.243) (20.938.313.497) - (20.938.313.496) Loss from operations 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)

(7.377.023.350)

Others income -(expense)

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) Profit before tax Manfaat (Beban) Pajak

700.633.086

8.166.902.112

295.345.676

652.787.338

9.815.668.212

-

9.815.668.212

Tax Benefits (expense

Laba (Rugi) Sebelum Hak Minoritas

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 (Loss) before minority interest

Hak minoritas - (516.522.657) 78.261.102 9.348.296 (428.913.259) (690.311.220) 261.397.961 Minority Interest Laba Bersih (6.358.508.666) (13.260.384.448) (18.238.270.674) Net Income

31 Desember 2006

Service

Trading

Forwarding

Multimedia

Jumlah/Total



December31, 2006

Aktiva Segmen 421.466.572.547 334.941.445.878 8.877.306.931 211.057.902.924 976.343.228.279 (378.117.779.622) 598.225.448.657 Segment Assets Kewajiban Segmen 38.302.023.995 205.759.740.869 6.993.445.292 67.367.055.071 318.422.265.227 (100.059.795.938) 218.362.469.289 Segment liabilities

31 Desember 2005

Service

Trading

Forwarding

Multimedia

Jumlah/Total



December31, 2005

Pendapatan Revenue Pihak Eksternal 26.743.491.922 173.303.714.731 35.411.803.461 147.925.848.264 383.384.858.378 - 383.384.858.378 External Antar Segmen - - - - 3.360.480.885 3.360.480.885 - Inter Segments Jumlah pendapatan 26.743.491.922 173.303.714.731 35.411.803.461 147.925.848.264 386.745.339.263 3.360.480.885 383.384.858.378 Total Revenue Hasil Result Hasil Segmen 3.278.327.893 30.157.271.441 3.513.294.330 29.904.843.114 66.853.736.778 - 66.853.736.778 Result of Segment Beban Usaha 7.433.908.269 47.419.222.728 3.835.973.909 14.900.078.248 73.589.183.154 - 73.589.183.154 Operating expense Rugi Usaha (4.155.580.376) (17.261.951.287) (322.679.579) 15.004.764.866 (6.735.446.376) - (6.735.446.376) Loss from operations Pendapatan (Beban) Lain-lain

872.962.072

7.888.166.182

261.573.421

(686.093.147)

8.336.608.528

(1.057.772.415)

7.278.836.113

Others income – (expense)

Laba Sebelum pajak (3.282.618.304) (9.373.785.105) (61.106.158) 14.318.671.719 1.601.162.152 - 543.389.737 Profit before tax Manfaat (Beban) Pajak 1.250.837.599 2.400.938.632 (108.648.669) (5.042.365.902) (1.499.238.340) - (1.499.238.340) Tax Benefits (expense Laba (Rugi) Sebelum Hak Minoritas

(2.031.780.704)

(6.972.846.472)

(169.754.827)

9.276.305.818

101.923.815

(1.057.772.418)

(955.848.603)

Profit (Loss) before minority interest

Hak minoritas - (43.741.748) (36.417.813) (1.203.259.144) (1.283.418.705) 207.486.604 (1.075.932.101) Minority Interest Laba Bersih (1.181.494.890) (850.285.814) (2.031.780.704) Net Income

31 Desember 2005

Service

Trading

Forwarding

Multimedia

Jumlah/Total



December31, 2005

Aktiva Segmen 402.050.413.292 326.988.457.463 7.034.119.574 272.205.279.632 1.008.278.269.961 (339.288.002.799) 668.990.267.162 Segment Assets Kewajiban Segmen 29.630.371.238 194.094.458.366 4.326.712.405 126.390.810.707 354.442.352.716 (73.844.265.905) 280.598.086.811 Segment liabilities


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




(Expressed in Rupiah, unless otherwise stated) 32. Ikatan 32. Commitments

a) Perjanjian Distribusi. a) Distribution Agreement

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) (bersama-sama disebut sebagai ‘Pihak-pihak terkait’) menandatangani perjanjian distribusi dengan PT Sony Indonesia (SI). Perjanjian-perjanjian ini antara lain meliputi:

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:

(i). SI menunjukan pihak-pihak terkait sebagai

distributor non-ekslusif produk SONY untuk wilayah-wilayah sebagai berikut:

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

Wilayah Regions

AWS Sulawesi Selatan AWS Sulawesi Selatan AWK Bandung, Semarang, Surabaya dan

Bali AWK Bandung, Semarang, Surabaya and

Bali AWP Lampung, Palembang, Medan,

Banjarmasin dan Pontianak AWP Lampung, Palembang, Medan,

Banjarmasin and Pontianak (ii) Pihak-pihak terkait setuju untuk membeli dari

SI sejumlah produk “SONY” setiap bulan dengan nilai minimum tertentu setelah dikurangi Pajak Pertambahan Nilai.

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

(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.

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

b) Perjanjian Distribusi b) Distribution Agreement

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

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

(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.

c) Perjanjian Sewa Ruangan c) Office Rent Agreement 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.

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) Perjanjian Bantuan Teknis di Bidang Managemen,

Marketing, Sales dan Product d) Technical Aid in Management, Marketing,

Product, and Sales Agreement


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




(Expressed in Rupiah, unless otherwise stated) 32. Ikatan - Lanjutan

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.

32. 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.

33. Aktiva dan Kewajiban Moneter dalam Mata Uang

Asing 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 2005

Mata Uang Asing

(Foreign Currencies)

Setara dengan (Equivalent to)

Mata Uang Asing

(Foreign Currencies)

Setara dengan (Equivalent to)

Aktiva Assets

Kas dan Bank: Cash and Bank (USD) 17.585,62 158.622.292 307.071,13 3.018.509.208 (USD) (SGD) - - 10,00 59.135 (SGD) (HKD) 430,26 499.285 - - (HKD)

Piutang Usaha (USD) 522.978,99 4.717.270.490 386.437,96 3.798.685.147 Trade Receivables (USD) Piutang Lain-lain (USD) 167.955,01 1.514.954.190 288.564,19 2.836.585.988 Other Receivables (USD) Lain-lain (USD) - - 5.847,48 57.480.728 (Others) (USD)

Jumlah (USD) 6.391.346.257 9.711.320.206 Total Kewajiban Liabilities

Hutang Usaha Trade Payables (USD) 266.737,38 2.405.971.168 443.635,77 4.360.939.619 (USD) (SGD) (SGD)

Lain-lain (USD) 188.134,00 1.696.968.680 - - Others Jumlah 4.102.939.848 4.360.939.619 Total Aktiva (Kewajiban) Bersih 2.288.406.410 5.350.380.586 Net Assets (liabilities)

34. Laba (Rugi) Per Saham 34. Earning (Loss) Per Share

Perhitungan laba (rugi) per saham adalah sebagai berikut:

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

2006

(Disajikan Kembali / Restated, Catatan

/ Note 35)

2005

Rugi Bersih (18.238.270.674) (2.031.780.704) Net loss Jumlah Rata-rata Tertimbang Saham yang Beredar

1.877.002.550

1.877.002.550

Total of weighted average number of outstanding shares

Rugi Bersih per Saham (9,72) (1.08) Loss per Share-Net


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




(Expressed in Rupiah, unless otherwise stated) 35. Penyajian Kembali Laporan Keuangan Konsolidasi Tahun 2006

35. Restatement of The 2006 Consolidated Financial Statements

Dilaporkan

Sebelumnya/As Previously Reported

Disajikan Kembali / As Restated

Piutang lain-lain: Others receivable: Pihak ketiga 37.895.664.385 20.432.489.385 Third parties Jumlah Akiva Lancar 298.713.208.709 281.250.033.708 Total Current Assets Jumlah Aktiva 615.688.623.657 598.225.448.656 Total Assets Hak Minoritas 14.161.605.816 13.720.243.727 Minority Interest Ekuitas: Equity:

Laba belum direalisasi atas investasi efek - 11.960.964.260

Unrealized gain (loss) on securities investments

Saldo laba (rugi) 12.893.882.174 (16.088.894.998) Retained earnings Jumlah Ekuitas 383.164.548.552 366.142.735.640 Total Stockholders’ Equity Jumlah Kewajiban, Hak

Minoritas dan Ekuitas 615.688.623.657 598.225.448.656 Total Liabilities, Minority Interest and

Stockholders’ Equity Pendapatan (Beban) Lain-Lain – Bersih 22.047.115.910 (7.377.023.351) Other Income (Expenses) - Net Laba (Rugi) Sebelum Pajak Penghasilan 1.108.802.414 (28.315.336.847) Income (Loss) Before Income Tax Laba (Rugi) Sebelum Hak Minoritas Atas Laba Bersih Perusahaan Anak 10.924.470.626 (18.499.668.635)

Income (Loss) Before Minority Interests

Hak Minoritas Atas Laba Bersih Perusahaan Anak (179.964.128) 261.397.961 Minority Interests Laba (Rugi) Bersih 10.744.506.498 (18.238.270.674) Net Income (Loss) Laba (Rugi) Per Saham - Dasar 5,72 (9,72) Earnings (Loss) Per Share

36. Reklasifikasi Akun 36. Reclassification Account

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.

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

2005 Sebelum

Reklasifikasi Setelah Reklasifikasi

Keterangan Jumlah (Total)

Before Reclassification

After Reclassification Description

Piutang lain-lain-Pihak hubungan

istimewa

Piutang usaha-pihak ketiga

Sesuai dengan substansinya

1.225.632.466

Account

Receivable-Related Parties

Trade Receivables Related

Parties

As according to

substance

Piutang lain-lain-pihak Ketiga

Piutang Usaha-Pihak ketiga

Sesuai dengan substansinya 20.488.659.573

Others Receivables-Third

Parties

Trade Receivables Related Parties

As according to substance

Hutang Usaha-Pihak Hubungan

Istimewa

Hutang Usaha - pihak Ketiga


2.717.578.960

Accounts Payable Related Parties

Accounts Payable-Third

Parties

As according to

substance

Biaya umum& admnistrasi

Pendapatan (beban) lain-lain- bersih


5.506.451.265 General&Administr

asi Expense Revenue (expense) Others-

Net As according to

substance

Aktiva lain-lain Aktiva tetap Sesuai dengan substansinya

1.138.584.000 Other Assets Fixed Assets As according to

substance

Piutang usaha-Pihak Hubungan

istimewa

Piutang usaha-Pihak Ketiga


34.748.384.722

Accounts Receivable-

Related Parties

Accounts Receivable-Third Parties


Piutang lain-lain-pihak ketiga

Piutang usaha-pihak hubungan istimewa


15.359.021.077

Accounts Receivable-Third

Parties

Accounts Receivable-Related Parties



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




(Expressed in Rupiah, unless otherwise stated)

37. Tanggung Jawab Manajemen Atas LaporanKeuangan

37. Management’s Responsibility in the Financial Statements

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.

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.

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