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8 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN POSISI KEUANGAN CONSOLIDATED KONSOLIDASIAN STATEMENTS OF FINANCIAL POSITION Per 30 Juni 2011, 31 Desember 2010, 2009, 2008 As of June 30, 2011, December 31, 2010, 2009, 2008 ASET Catatan/ 30 Juni/ 31 Desember/ 1 Jan 2009/ ASSETS June, 30 December, Des Jan 1, 2009/ Dec 31, 2008 (Disajikan Kembali, Catatan 3/ Restated, Note 3) Note Rp Rp Rp Rp ASET LANCAR CURRENT ASSETS Kas dan Setara Kas 2.d, 2.t, 2.u, 4, 35, 36 68,307 15,427 21,523 21,357 Cash and Cash Equivalents Investasi Jangka Pendek 2.d, 2.u, ,940 Short Term Investment Piutang Usaha 2.t, 2.u, 5, 35, 36 Accounts Receivable Pihak Berelasi 1.a, 6 1,158 1,158 1,158 1,179 Related Party Pihak Ketiga Third Parties (Setelah dikurangi penyisihan penurunan nilai (Net of allowance of impairment Value sebesar Rp pada 30 Juni 2011 of Rp 1,012 as of June 30, 2011 and dan Rp 843 masing-masing pada Rp 843 as of December 31, 2010, 31 Desember 2010, 2009 dan 2008) 185, , ,709 83, and 2008, respectively) Piutang Lain-lain 2.u, ,024 3, Other Receivables Persediaan Inventories (Setelah dikurangi penurunan nilai (Net of impairment value amounted to Rp 250 masing-masing pada Rp 250 June 30, 2011, December 31, 30 Juni 2011, 31 Desember 2010, e, 7 495, , , , and 2009, respectively and dan Rp 200 Pada 31 Desember 2008) Rp 200 for December, ) Pajak Dibayar di Muka 2.r, 8.a 981 1, ,686 Prepaid Taxes Biaya Dibayar di Muka 2.f 2,045 1,545 1,896 2,888 Prepaid Expenses Uang Muka Pembelian 9 24,210 60,596 43,185 8,796 Purchase Advances Jumlah Aset Lancar 778, , , ,858 Total Current Assets ASET TIDAK LANCAR NON-CURRENT ASSETS Piutang Pihak Berelasi Due from Related Parties (Setelah dikurangi penurunan nilai sebesar (Net of impairment value of Rp 3,388 Rp masing-masing pada 30 Juni 2011, as of June 30, 2011, December 31, 2010, 31 Desember 2010, 2009 dan 2008) 1.a, 2.u, 6, 36 43,425 43,257 29,000 29, and 2008, respectively) Penyertaan Saham 2.u Investment in Shares of Stock Piutang Plasma 2.i, 2.u, 12, 35, 36 4, Plasma Receivable Aset Pajak Tangguhan 2.s, 8.b 7,297 6, Deferred Tax Assets Aset Tetap Property, Plant and Equipments (Setelah dikurangi akumulasi penyusutan (Net of accumulated depreciation amounted to sebesar Rp , Rp , Rp Rp 339,510, Rp 310,243, Rp 218,649 and dan Rp masing-masing pada 30 Juni Rp 167,986 as of June 30, 2011, December 31, 2011, 31 Desember 2010, 2009 dan 2008) 2.g, 2.h, , , , , , 2009 and 2008, respectively) Tanaman Perkebunan Plantations (Setelah dikurangi akumulasi penyusutan (Net of accumulated depreciation amounted to sebesar Rp 9.513, Rp , Rp dan Rp 9,514, Rp 7,180, Rp and Rp 5,761 Rp masing-masing pada 30 Juni 2011 as of June 30, 2011, December 31, 2010, 31 Desember 2010, 2009 dan 2008) 2.j, , , , , and 2008, respectively) Biaya Hak atas Tanah Ditangguhkan - Bersih 2.k, , , ,560 69,715 Deferred Land Rights Cost - Net Uang Muka Jangka Panjang 14 26,694 45,172 41,366 3,196 Long-term Advances Aset Tetap yang Tidak Digunakan 2.g, 11 9,216 9,216 9,216 9,216 Unutilized Assets Aset Tidak Berwujud 1.a, 2.o, 10 76,604 77, Intangible Assets Aset Lain-lain 1,164 1, Other Assets Jumlah Aset Tidak Lancar 1,294,795 1,270,940 1,120,869 1,033,490 Total Non-Current Assets JUMLAH ASET 2,072,827 1,936,950 1,568,830 1,358,348 TOTAL ASSETS Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini See the Accompanying Notes which are an integral part of these Consolidated Financial Statements d1/ November 18, paraf:

9 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Continued) Per 30 Juni 2011, 31 Desember 2010, 2009, 2008 As of June 30, 2011, December 31, 2010, 2009, 2008 LIABILITAS Catatan/ 30 Juni/ 31 Desember/ 1 Jan 2009/ LIABILITIES June, 30 December, Des Jan 1, 2009/ Dec 31, 2008 (Disajikan Kembali, Catatan 3/ Restated, Note Rp Note 3) LIABILITAS JANGKA PENDEK SHORT-TERM LIABILITIES Utang Bank Jangka Pendek 2.u, 15, 54, , , , ,322 Short-term Bank Loans Utang Usaha 2.t, 2.u, 35, 36 Accounts Payable Pihak Berelasi 1.a, 6 2,828 2,778 2,778 2,778 Related party Pihak Ketiga 16 42,319 41,828 20,382 27,703 Third Parties Utang Pajak 2.r, 8.c 37,358 23,613 21,528 30,768 Taxes Payable Uang Muka Penjualan 2.t ,141 1,210 Sales Advance Beban Masih Harus Dibayar 2.u, 17, 36 21,809 22,081 6,868 8,337 Accrued Expenses Bagian Liabilitas Jangka Panjang yang Current Maturities of Long-term Jatuh Tempo Dalam Satu Tahun: 2.u, 36 Liabilities: Utang Sewa Pembiayaan 2.h, 2.t, 18, 31 16,912 17,202 16,654 16,739 Obligation under Finance Leases Utang Bank Jangka Panjang , ,105 45,782 10,000 Long-term Bank Loans Bagian Liabilitas Jangka Panjang Lainnya Current Matutity of yang Jatuh Tempo Dalam Satu Tahun 2.u, 20, 36 60, Other Long-Term Liability Utang Lain-lain 2.u, ,895 2, Other Payables Jumlah Liabilitas Jangka Pendek 674, , , ,359 Total Short-Term Liabilities LIABILITAS JANGKA PANJANG LONG-TERM LIABILITIES Liabilitas Jangka Panjang - Setelah Dikurangi Long-term Liabilities - Net of Bagian yang Jatuh Tempo Dalam Satu Tahun: 2.u Current Maturities: Utang Sewa Pembiayaan 2.h, 2.t, 18, 31 17,069 24,544 41,139 37,450 Obligation under Finance Leases Utang Bank Jangka Panjang , , , ,152 Long-term Bank Loans Liabilitas Jangka Panjang Lainnya - Setelah Other Long-Term Liability - Net of Dikurangi Bagian Jatuh Tempo Satu Tahun 2.u, 20, , Current Maturities Utang Pihak Berelasi 1.a, 2.u, 6, , ,921 6, ,157 Due to Related Parties Liabilitas Pajak Tangguhan 2.r, 8.b 4,882 3,571 1, Deferred Tax Liabilities Liabilitas Imbalan Kerja Karyawan 2.l, 21 13,725 11,650 7,931 6,325 Provision Liability on Employee Benefits Utang Obligasi Konversi 1.a, 2.m, 6, ,500 3,500 Convertible Bonds Jumlah Liabilitas Jangka Panjang 767, , , ,748 Total Long-Term Liabilities JUMLAH LIABILITAS 1,442,110 1,346, , ,107 TOTAL LIABILITIES Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini See the Accompanying Notes which are an integral part of these Consolidated Financial Statements d1/ November 18, paraf:

10 R/481.AGA-R/9.1/2011 LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Continued) Per 30 Juni 2011, 31 Desember 2010, 2009, 2008 As of June 30, 2011, December 31, 2010, 2009, 2008 Catatan/ 30 Juni/ 31 Desember/ 1 Jan 2009/ June, 30 December, Des Jan 1, 2009/ Dec 31, 2008 (Disajikan Kembali, Catatan 3/ Restated, Note 3) Note Rp Rp Rp Rp EKUITAS EQUITY Ekuitas yang Dapat Diatribusikan Kepada Equity Atributable to Owners Pemilik Entitas Induk: of the Parent Entity Modal Saham Capital Stock Nilai Nominal Par Value Saham Seri A: Rp 500 Serie A Shares: Rp 500 Saham Seri B: Rp 200 Serie B Shares: Rp 200 Modal Dasar Authorized Capital Saham Seri A: saham Serie A Shares: 135,000,000 shares Saham Seri B: saham Serie B Shares: 4,652,500,000 shares Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid Capital Saham Seri A: lembar Serie A Shares: 135,000,000 shares Saham Seri B: lembar , , , ,900 Serie B Shares: 1,537,000,000 shares Agio Saham 2.n, , , , ,816 Additional Paid-in Capital Selisih Nilai Transaksi Difference in Value from Restructuring Restrukturisasi Entitas Transactions between Entities Sepengendali 2.p, 25 1,216 1,216 (70,810) (70,810) Under Common Control Selisih Transaksi Perubahan Ekuitas Changes in Equity Transaction of Entitas Anak (60) (60) a Subsidiary Proforma Modal yang Timbul dari Pro Forma Capital Arising from Transaksi Restrukturisasi Restructuring Transactions of Entities Entitas Sepengendali , ,699 Under Common Control Saldo Laba (Defisit) - Belum Ditentukan Penggunaannya 17,975 (18,109) (93,966) (131,753) Retained Earning (Deficit) - Unappropriated 611, , , ,852 KEPENTINGAN NON-PENGENDALI 18,870 14,306 9, NON-CONTROLLING INTEREST JUMLAH EKUITAS 630, , , ,241 TOTAL EQUITY JUMLAH LIABILITAS DAN EKUITAS 2,072,827 1,936,950 1,568,830 1,358,348 TOTAL LIABILITIES AND EQUITY Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini See the Accompanying Notes which are an integral part of these Consolidated Financial Statements d1/ November 18, paraf:

11 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN LABA RUGI KOMPREHENSIF CONSOLIDATED KONSOLIDASIAN STATEMENTS OF COMPREHENSIVE INCOME pada 30 Juni 2011 dan 2010 dan tahun-tahun yang Berakhir June 30, 2011 and 2010 and for the Years Ended 31 Desember 2010, 2009 dan 2008 December 31, 2010, 2009 and 2008 Catatan/ (6 bulan / months) (1 tahun / year ) (Tidak (Disajikan Diaudit / Kembali, Unaudited) Catatan 3/ Restated, Note 3) Note Rp Rp Rp Rp Rp PENJUALAN - BERSIH 2.q, , , , , ,172 SALES - NET BEBAN POKOK PENJUALAN 2.q, , , , , ,280 COST OF GOODS SOLD LABA KOTOR 176,355 94, , , ,892 GROSS PROFIT BEBAN USAHA OPERATING EXPENSE Beban Pemasaran dan Penjualan 2.q, 28 27,498 11,962 29,369 21,613 19,545 Sales and Marketing Expenses Beban Umum dan Administrasi 2.q, 29 25,808 11,785 30,251 37,087 24,686 General and Administratives Expenses Beban Usaha 53,306 23,747 59,620 58,700 44,231 Operating Expenses LABA USAHA 123,049 71, ,195 94, ,661 OPERATING INCOME Beban (Pendapatan) Keuangan Beban Keuangan Financial Charges (Income) Financial Charges Pinjaman Bank 15, 19 58,652 35,461 82,347 57,086 48,721 Bank Loans Provisi Bank 1,236 1,360 1, ,168 Banks Provision Sewa Pembiayaan ,750 3,043 2,842 3,080 Obligation under Finance Leases Pendapatan Keuangan (289) (113) (366) (344) (692) Financial Income Beban Keuangan - Bersih 60,598 38,458 86,841 59,584 54,277 Net - Financial Charges Laba Pelepasan Entitas Anak (44,302) Gain on Subsidiaries Disposal Laba atas Pengalihan Piutang (13,920) Gain on Cessie of Receivable Beban (Pendapatan) Lainnya 32 Other Expenses (Income) Beban Lainnya 5,891 3,371 10,336 1,056 7,106 Other Cgarges Pendapatan Lainnya 55 (1,838) (8,946) (15,773) (3,394) Other Income 66,544 39,991 30,009 44,867 57,989 LABA SEBELUM BEBAN PAJAK PENGHASILAN 56,505 31,069 94,186 49,410 50,672 INCOME BEFORE INCOME TAX EXPENSES BEBAN PAJAK PENGHASILAN 2.r, 8.d INCOME TAX EXPENSES Pajak Kini (15,261) (6,290) (12,529) (13,125) (14,379) Current Tax Pajak Tangguhan (596) -- (2,214) (1,494) (1,110) Deferred Tax Beban Pajak Penghasilan (15,857) (6,290) (14,743) (14,619) (15,489) Income Tax Expense LABA PERIODE/TAHUN BERJALAN 40,648 24,779 79,443 34,791 35,183 INCOME FOR THE PERIOD/YEAR PENDAPATAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME PENDAPATAN KOMPREHENSIF SETELAH COMPREHENSIVE INCOME AFTER EFEK PENYESUAIAN PRO FORMA 40,648 24,779 79,443 34,791 35,183 EFFECT OF PRO FORMA ADJUSTMENT EFEK PENYESUAIAN PRO FORMA ,024 (6,969) EFFECT OF PRO FORMA ADJUSTMENT PENDAPATAN KOMPREHENSIF SEBELUM COMPREHENSIVE INCOME BEFORE EFEK PENYESUAIAN PRO FORMA 40,648 24,779 80,066 37,815 28,214 EFFECT OF PRO FORMA ADJUSTMENT JUMLAH PENDAPATAN KOMPREHENSIF YANG DIATRIBUSI KEPADA: TOTAL OF COMPREHENSIVE INCOME ATTTRIBUTABLE TO: Pemilik Entitas Induk 36,084 24,752 75,857 37,787 28,184 Owners of the Parent Kepentingan Non - Pengendali 4, , Non-Controlling Interest Jumlah 40,648 24,779 80,066 37,815 28,214 Total LABA PER SAHAM 2.s, 33 EARNINGS PER SHARE Setelah Efek Penyesuaian Pro Forma After Effect of Pro Forma Adjustment Laba per Saham Dasar Earnings per Share Laba per Saham Dilusian Diluted Earnings per Share Sebelum Efek Penyesuaian Pro Forma Before Effect of Pro Forma Adjustment Laba per Saham Dasar Earnings per Share Laba per Saham Dilusian Diluted Earnings per Share Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini See the Accompanying Notes which are an integral part of these Consolidated Financial Statements d1/ November 18, paraf:

12 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN PERUBAHAN EKUITAS CONSOLIDATED KONSOLIDASIAN STATEMENTS OF CHANGES IN EQUITY 30 Juni 2011 dan 2010 dan tahun-tahun yang Berakhir June 30, 2011 and 2010 and for the Years Ended 31 Desember 2010, 2009 dan 2008 December 31, 2010, 2009 and 2008 Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/ Kepentingan Jumlah Equity Atributable to Owners of the Parent Non-Pengendali/ Ekuitas/ Non-controlling Total Interest Equity Modal Saham/ Tambahan Selisih Nilai Pro Forma Modal Selisih Transaksi Saldo Laba Jumlah Ekuitas Capital Stock Modal Disetor/ Transaksi Restrukturisasi yang Timbul dari Perubahan (Defisit) - yang Additional Paid Entitas Sepengendali/ Transaksi Restrukturisasi Ekuitas Belum Diatribusikan in Capital Sepengendali/ Entitas Sepengendali/ Entitas Ditentukan Kepada Difference in Value Pro Forma Equity Anak/ Penggunaannya/ Pemilik from Restructuring Arising from Changes in Equity Retained Entitas Induk/ Transactions Restructuring Transaction of Earnings Total Equity Between Transactions of a Subsidiary/ (Deficit) - Atributable to Entities Under Entities Under Unappropriated Owners of Common Control Common Control the Parent Rp Rp Rp Rp Rp Rp Rp Rp Rp SALDO PER 31 DESEMBER 2007 BALANCE AS OF DECEMBER 31, 2007 (Disajikan Kembali, Catatan 3) 249,500 20,250 1, , (159,937) 350, ,574 (Restated, Note 3) Pro Forma Modal yang Timbul dari Transaksi Pro Forma Capital Arising from Restructuring Restrukturisasi Entitas Sepengendali , , ,942 Transactions of Entities Under Common Control Penerbitan Saham Baru pada Penawaran Umum Issuance of New Shares at Limited Public Terbatas III 125, , , ,294 Offering III Biaya Emisi Saham atas Penerbitan Saham Baru (4,328) (4,328) -- (4,328) Stock Issuance Cost Selisih Nilai Transaksi Restrukturisasi Different in Value from Restructuring Entitas Sepengendali (71,942) (71,942) -- (71,942) Transactions of Entities Under Common Control Pendapatan Komprehensif Sebelum Comprehensive Income Before of Efek Penyesuaian Pro Forma ,184 28, ,214 Pro Forma Adjustments Efek Penyesuaian Pro Forma (123,513) (123,513) -- (123,513) Effect of Pro Forma Adjustments SALDO PER 31 DESEMBER 2008 BALANCE AS OF DECEMBER 31, 2008 (Disajikan Kembali, Catatan 3) 374, ,816 (70,810) 187, (131,753) 577, ,241 (Restated, Note 3) Proforma Modal yang Timbul dari Transaksi Pro Forma Capital Arising from Restructuring Restrukturisasi Entitas Sepengendali , , ,555 Transactions of Entities Under Common Control Pendapatan Konprehensif Sebelum Efek Comprehensive Income Before Effect of Penyesuaian Proforma ,787 37, ,815 Pro Forma Adjustments Penambahan Kepentingan Non-Pengendali Additional of Non-Controlling karena akuisisi entitas anak ,362 9,362 Interest because of acquisition of subsidiaries SALDO PER 31 DESEMBER , ,816 (70,810) 205, (93,966) 633,194 9, ,973 BALANCE AS OF DECEMBER 31, 2009 Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan See the Accompanying Notes which are an integral part bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini of these Consolidated Financial Statements d1 / November 18, paraf:

13 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN PERUBAHAN EKUITAS CONSOLIDATED KONSOLIDASIAN STATEMENTS OF CHANGES IN EQUITY (Lanjutan) (Continued) 30 Juni 2011 dan 2010 dan tahun-tahun yang Berakhir June 30, 2011 and 2010 and for the Years Ended 31 Desember 2010, 2009 dan 2008 December 31, 2010, 2009 and 2008 Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/ Kepentingan Jumlah Equity Atributable to Owners of the Parent Non-Pengendali/ Ekuitas/ Non-controlling Total Interest Equity Modal Saham/ Tambahan Selisih Nilai Pro Forma Modal Selisih Transaksi Saldo Laba Jumlah Ekuitas Capital Stock Modal Disetor/ Transaksi Restrukturisasi yang Timbul dari Perubahan (Defisit) - yang Additional Paid Entitas Sepengendali/ Transaksi Restrukturisasi Ekuitas Belum Diatribusikan in Capital Sepengendali/ Entitas Sepengendali/ Entitas Ditentukan Kepada Difference in Value Pro Forma Equity Anak/ Penggunaannya/ Pemilik from Restructuring Arising from Changes in Equity Retained Entitas Induk/ Transactions Restructuring Transaction of Earnings Total Equity Between Transactions of a Subsidiary/ (Deficit) - Atributable to Entities Under Entities Under Unappropriated Owners of Common Control Common Control the Parent Rp Rp Rp Rp Rp Rp Rp Rp Rp SALDO PER 31 DESEMBER , ,816 (70,810) 205, (93,966) 633,194 9, ,973 BALANCE AS OF DECEMBER 31, 2009 Pendapatan Komprehensif ,752 24, ,779 Comprehensive Income SALDO PER 30 JUNI 2010 BALANCE AS OF JUNE 30, 2010 (TIDAK DIAUDIT) 374, ,816 (70,810) 205, (69,214) 657,946 9, ,752 (UNAUDITED) SALDO PER 31 DESEMBER , ,816 (70,810) 205, (93,966) 633,194 9, ,973 BALANCE AS OF DECEMBER 31, 2009 Selisih Transaksi Perubahan Ekuitas Changes in Equity Transaction of Entitas Anak (60) -- (60) -- (60) a Subsidiary Proforma Modal yang Timbul dari Transaksi Pro Forma Capital Arising from Restructuring Restrukturisasi Entitas Sepengendali (72,026) (72,026) -- (72,026) Transactions of Entities Under Common Control Selisih Nilai Transaksi Restrukturisasi Difference in Value of Restructuring Transactions Entitas Sepengendali , , ,026 Between Companies Under Common Control Pendapatan Komprehensif Sebelum Efek Comprehensive Income Before Effect of Penyesuaian Proforma ,857 75,857 4,209 80,066 Pro Forma Adjustments Efek Penyesuaian Proforma (133,228) (133,228) -- (133,228) Effect of Pro Forma Adjustments Penambahan Kepentingan Non Pengendali Additional of Non-Controlling karena akuisisi entitas anak Interest because of acquisition of subsidiaries SALDO PER 31 DESEMBER , ,816 1, (60) (18,109) 575,763 14, ,069 BALANCE AS OF DECEMBER 31, 2010 Pendapatan Konprehensif Sebelum Efek Comprehensive Income Before Effect of Penyesuaian Proforma ,084 36,084 4,564 40,648 Pro Forma Adjustments SALDO PER 30 JUNI , ,816 1, (60) 17, ,847 18, ,717 BALANCE AS OF JUNE 30, 2011 Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan See the Accompanying Notes which are an integral part bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini of these Consolidated Financial Statements d1 / November 18, paraf:

14 R/481.AGA-R/9.1/2011 PT TIGA PILAR SEJAHTERA FOOD Tbk PT TIGA PILAR SEJAHTERA FOOD Tbk LAPORAN ARUS KAS CONSOLIDATED KONSOLIDASIAN STATEMENTS OF CASH FLOWS For the Six - Month Periods Ended 30 Juni 2011 dan 2010 dan tahun-tahun yang Berakhir June 30, 2011 and 2010 and for the Years Ended 31 Desember 2010, 2009 dan 2008 December 31, 2010, 2009 and 2008 Catatan/ (6 bulan / months) (1 tahun / year ) (Tidak (Disajikan Diaudit / Kembali, Unaudited ) Catatan 3/ Restated, Note 3) Note Rp Rp Rp Rp Rp ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan dari Pelanggan 750, , , , ,268 Cash Received from Customers Pembayaran kepada Pemasok dan Pihak Ketiga (617,665) (237,839) (553,055) (373,491) (377,390) Payment to Supplier and Third Parties Kas yang Dihasilkan dari Operasi 133,305 69,783 79, , ,878 Cash Proceeds from Operations Penerimaan Penghasilan Bunga Cash Generated from Operations Pembayaran Pajak (3,238) (4,710) (3,751) (14,772) (8,500) Payment of Income Taxes Pembayaran Bunga dan Beban Keuangan (28,208) (39,317) (44,679) (32,524) (21,646) Payment for Interest and Financial Charges Pembayaran Karyawan (48,119) (16,122) (54,343) (36,867) (28,446) Payment to Employees Arus Kas Bersih Diperoleh dari (Digunakan untuk) Net Cash Flow Provided by (Used for) Aktivitas Operasi 54,029 9,747 (23,125) 56,591 44,975 Operating Activities ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Penjualan Aset Tetap Disposal of Plant, Property and Equipment Penjualan Lahan dan Tanaman Disposal of Land and Palm Oil Perkebunan ,765 76, Plantation Pengeluaran untuk Hak Atas Tanah (4,468) -- (2,973) (37,999) (835) Payment for Land Rights Uang Muka Jangka Panjang 14 (17,017) (659) (8,329) (192,275) -- Long-term Advances Pemeliharaan Tanaman Perkebunan -- Maintenance of Immature Belum Menghasilkan (1,768) (4,619) (8,703) (36,804) (26,227) Plantation Perolehan Aset Tetap 11 (30,780) (657) (12,786) (16,969) (144,851) Purchase of Property, Plant and Equipment Akuisisi Entitas Anak 1.c (167,375) -- (320,000) Acquisition of Subsidiaries Arus Kas Bersih Diperoleh dari (Digunakan untuk) Net Cash Flows Provided by (Used for) Aktivitas Investasi (54,034) 54,830 (124,075) (284,047) (491,813) Investing Activities ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Penerimaan dari Utang Bank - Jangka Pendek ,661 43, , , ,828 Proceed from Bank Loan - Short Term Penerimaan dari Utang Bank - Jangka Panjang 19 62, , , , ,955 Proceed from Bank Loan - Long Term Penerimaan dari Pihak-Pihak Berelasi ,102 35,208 2, Cash Received from Related Parties Pembayaran kepada Pihak-Pihak Berelasi 6 (916) (237,935) -- (6,786) (2,428) Payment to Related Parties Pembayaran Obligasi Konversi (3,500) Payment for Convertible Bond Pembayaran Utang Sewa Pembiayaan 18 (8,690) (8,538) (18,259) (15,742) (6,792) Payment of Obligation Under Finance Leases Pembayaran Bunga Pinjaman Bank - Kredit Investasi 15, 19 (25,766) -- (44,865) (35,072) (27,074) Payment for Interest Bank Loan - Investment Credit Pembayaran Utang Bank - Jangka Panjang 19 (47,189) (14,383) (44,146) (201,353) (269,815) Repayment of Bank Loan - Long Term Pembayaran Utang Bank - Jangka Pendek 15 (136,945) (4,874) (177,867) (695,043) (132,616) Repayment of Bank Loan - Short Term Arus Kas Bersih Diperoleh dari (Digunakan untuk) Net Cash Flows Provided by (Used for) Aktivitas Pendanaan 52,938 (47,461) 136, , ,744 Financing Activities PENINGKATAN (PENURUNAN) BERSIH NET INCREASE (DECREASE) IN CASH AND KAS DAN SETARA KAS 52,933 17,116 (10,432) 286 5,906 CASH EQUIVALENTS DAMPAK SELISIH KURS ATAS EFFECT OF FOREIGN EXCHANGE ON KAS DAN SETARA KAS (53) -- (130) (120) (517) CASH AND CASH EQUIVALENTS SALDO KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS AT AWAL PERIODE/ TAHUN 15,427 21,523 21,523 21,357 15,968 BEGINNING OF THE PERIOD/ YEAR SALDO KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS ENTITAS ANAK YANG DIAKUISISI , OF ACQUIRED SUBSIDIARY SALDO KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS AT AKHIR PERIODE/ TAHUN 68,307 38,639 15,427 21,523 21,357 END OF THE PERIOD/ YEAR Jumlah Kas dan Setara Kas pada Akhir 2.d, 4 Cash and Cash Equivalents at the Periode/ Tahun terdiri dari: 4 End of the Period/ Year consist of: Kas ,200 4,481 1,859 Cash on Hand Bank 61,295 36,258 14,154 15,201 12,657 Cash in Banks Deposito Berjangka 6,535 1, ,841 6,841 Time Deposits Jumlah Kas dan Setara Kas 68,307 38,639 15,427 21,523 21,357 Total Cash and Cash Equivalents Aktivitas yang Tidak Mempengaruhi Arus Kas: Activities not Affecting Cash Flows: Reklasifikasi dari Tanaman Perkebunan Belum Reclassification from Menghasilkan Menjadi Tanaman Perkebunan Menghasilkan 2.j, ,638 11, Immature Plantation to Mature Plantation Penambahan Aset Tetap dari Reklasifikasi Additional of Property, Plant and Equipment from Uang Muka 2.i, 11 20, Reclassification of Advance Payment Penambahan Aset Tetap Menggunakan Fasilitas Addition of Property, Plant and Equipment Sewa Pembiayaan 2.i, 11 1, ,537 19, using Finance Leases Facilities Penambahan Aset Tetap dari Kapitalisasi Beban Additional of Property, Plant and Equipment from Bunga Pinjaman 2.i, 11 1, Capitalization of Borrowing Cost Perolehan Aset Tetap Melalui Utang 2.g, 11 2, Additional of Property, Plant and Equipment from Debt Reklasifikasi Biaya menjadi Tanaman Perkebunan Reclassification of Cost to Menghasilkan 2.j, 12 6, Mature Plantation Lihat Catatan atas Laporan Keuangan Konsolidasian yang merupakan bagian tidak terpisahkan dari Laporan Keuangan Konsolidasian ini See the Accompanying Notes which are an integral part of these Consolidated Financial Statements d1 / November 18, paraf:

15 KONSOLIDASIAN FINANCIAL STATEMENTS 1. Umum 1. General 1.a. Pendirian Perusahaan PT Tiga Pilar Sejahtera Food Tbk (Perusahaan) didirikan pada tanggal 26 Januari 1990 berdasarkan Akta Pendirian No. 143 yang dibuat dihadapan Winanto Wiryomartani, S.H., Notaris di Jakarta, dengan nama PT Asia Intiselera. Akta pendirian ini disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C HT Th.91 tanggal 31 Mei 1991 serta diumumkan dalam Berita Negara Republik Indonesia No. 65, Tambahan No tanggal 13 Agustus Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir melalui Akta Pernyataan Keputusan Rapat No. 41 tanggal 8 Agustus 2008 yang dibuat di hadapan Poerbaningsih Adi Warsito, S.H., Notaris di Jakarta, mengenai penyesuaian Anggaran Dasar Perusahaan dengan Undang-undang Perseroan Terbatas No. 40/2007. Perubahan ini telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia melalui Surat Keputusan No. AHU AH Tahun.2008 tanggal 13 Nopember Sesuai dengan pasal 3 anggaran dasar Perusahaan, ruang lingkup kegiatan Perusahaan meliputi usaha bidang perdagangan, perindustrian, peternakan, perkebunan, pertanian, perikanan dan jasa. Pada saat ini kegiatan usaha Perusahaan dan entitas anak meliputi usaha industri mie dan perdagangan mie, khususnya mie kering, mie instan dan bihun, snack, industri biskuit, permen, perkebunan kelapa sawit, pembangkit tenaga listrik, pengolahan dan distribusi beras. Perusahaan mulai beroperasi secara komersial pada tahun Kantor pusat Perusahaan beralamat di Wisma Alun Graha, Jl. Prof. Dr. Soepomo No. 233 Jakarta. Lokasi pabrik mie kering, biskuit dan permen terletak di Sragen, Jawa Tengah. Usaha perkebunan kelapa sawit terletak di beberapa lokasi di Sumatera dan Kalimantan. Usaha pengolahan dan distribusi beras terletak di Cikarang, Jawa Barat dan Sragen, Jawa Tengah. 1.b. Penawaran Efek Perusahaan Pada tanggal 14 Mei 1997, Perusahaan memperoleh pernyataan efektif dari Ketua Badan Pengawas Pasar Modal - Lembaga Keuangan (Bapepam-LK) dengan suratnya No. S-919/PM/1997 untuk melakukan penawaran umum 45 juta saham dengan nilai nominal Rp 500 per saham kepada masyarakat. Pada tanggal 11 Juni 1997, saham tersebut telah efektif dicatatkan pada Bursa Efek Indonesia (BEI). 1.a. The Company s Establishment PT Tiga Pilar Sejahtera Tbk (the Company) was established on January 26, 1990 based on Deed of Establishment No. 143, made in presence of Winanto Wiryomartani, S.H., a notary in Jakarta, under the name of PT Asia Intiselera. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in his Decree No. C HT Th.91 dated May 31, 1991 and was published in State Gazette No. 65, Supplement No dated August 13, The Company s Articles of Association has been amended several times, most recently by Deed of Meeting Resolution No. 41 dated August 8, 2008 made in presence of Poerbaningsih Adi Warsito, S.H., a notary in Jakarta, concerning among others, amendment of the Company s Articles of Association to conform to Limited Liability Company Law No. 40/2007. The amendment has been approved by Minister of Law and Human Rights in his decree No. AHU AH Tahun.2008 dated November 13, In accordance with article 3 of the Company s articles of association, the Company s scope of activities are engaged in trading, manufacturing, farming, plantation, agriculture, fisheries and services. Currently the Company s products are noodles manufacturing and noodles trading, especially dry noodle, instant noodle and vermicelli, snack, biscuit and candy industry, palm oil plantations, electric power plant, rice mill and distribution. The Company started its commercial operation in The Company s head office is located at Wisma Alun Graha, Jl. Prof. Dr. Soepomo No. 233 Jakarta. The location of noodle, biscuit and candy factories are located in Sragen, Central Java. The palm oil plantations are located in several locations in Sumatera and Kalimantan. Rice mill and distributions are located in Cikarang, West Java and Sragen, Central Java. 1.b. The Company s Public Offering On May 14, 1997, the Company received an effective notification from the Chairman of the Indonesian Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) in his letter No. S-919/PM/1997 concerning public offering of 45 million shares with par value of Rp 500 per share. On June 11, 1997, the Company s shares have been effectively listed at the Indonesia Stock Exchange (IDX). D1/November 18, paraf :

16 Pada tanggal 5 September 2002, Perusahaan memperoleh persetujuan Rapat Umum Pemegang Saham untuk mengeluarkan 230 juta saham Seri B dengan nominal Rp 200 dan obligasi konversi sebesar Rp yang dapat dikonversi dengan saham Perusahaan dengan harga pelaksanaan sebesar Rp 200 per saham tanpa melalui Hak Memesan Efek Terlebih Dahulu sesuai dengan Peraturan Bapepam No. IX.D.4, lampiran Kep-44/PM/1998. Pada tanggal 6 Nopember 2002 dan 29 Nopember 2002, BEI menyetujui pencatatan saham seri B dan pencatatan pre-list saham hasil obligasi konversi. Pada tanggal 24 Oktober 2003, Perusahaan memperoleh persetujuan Rapat Umum Pemegang Saham untuk mengeluarkan 547,5 juta saham seri B dengan nominal Rp 200 dalam rangka Penawaran Umum Terbatas I Perusahaan. Pada tanggal 7 Nopember 2003, saham tersebut telah dicatatkan di BEI. Pada tanggal 27 Oktober 2003, PT Tiga Pilar Sekuritas sebagai salah satu pemilik obligasi konversi melaksanakan konversi 53 lembar obligasi konversi senilai Rp menjadi 132,5 juta saham Seri B Perusahaan dengan nominal Rp 200 per lembar saham. Saham tersebut telah dicatatkan di BEI pada tanggal 19 Nopember Pada tahun 2008, Perusahaan melakukan Penawaran Umum Terbatas II kepada para pemegang saham dalam rangka penerbitan Hak Memesan Efek Terlebih Dahulu (HMETD) sejumlah 627 juta saham biasa Seri B dengan nilai nominal Rp 200 per saham dan harga penawaran Rp 522 per saham. Penawaran tersebut telah mendapat pemberitahuan efektif berdasarkan Surat Ketua Bapepam LK No. S-2478/BL/2008 tanggal 28 April 2008, dan telah mendapat persetujuan dari Rapat Umum Pemegang Saham Luar Biasa Perusahaan tanggal 29 April Pada tanggal 14 Mei 2008, saham tersebut telah dicatatkan pada BEI sehingga jumlah saham yang beredar menjadi juta saham pada 31 Desember Pada 30 Juni 2011, 31 Desember 2010, 2009 dan 2008, jumlah saham yang beredar sejumlah juta saham. On September 5, 2002, the Company obtained approval from Annual General Meeting of Stockholders to issue 230 million of B series shares with par value of Rp 200 and convertible bonds amounted to Rp 60,000 which may be converted into the Company s shares with an exercise price of Rp 200 per share without Pre Emptive Right according to Bapepam Regulation No. IX.D.4, attachment Kep-44/PM/1998. On November 6, 2002 and November 29, 2002, IDX approved for listing of the Company s B Series shares and pre-list share from convertible bonds issued. On October 24, 2003, the Company obtained approval from Stockholder s General Meeting to issue million of B Series shares with par value of Rp 200 through the Company s Limited Public Offering I. On November 7, 2003, the shares were listed at the IDX. On October 27, 2003, PT Tiga Pilar Sekuritas, as one of the holder of convertible bonds, has converted 53 convertible bonds amounted to Rp 26,500 into million of B Series shares with par value of Rp 200 per share. The share has been effectively listed at the IDX on November 19, In 2008, the Company held Limited Public Offering II to its stockholders in regards of Pre Emptive Right amounted to 627 million of B Series common shares with par value of Rp 200 per share and offering price at Rp 522 per share. This offering had obtained effective notification based on the Chairman of the Indonesian Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Letter No. S- 2478/BL/2008 dated April 28, 2008, and had obtained approval from the Company s Extraordinary General Meeting of Stockholders on April 29, On May 14, 2008, Company s new share has been listed in IDX resulting to 1,672 million of outstanding shares as of December 31, As of June 30, 2011, December 31, 2010, 2009 and 2008, the outstanding shares amounted to 1,672 million of shares. D1/November 18, paraf :

17 1.c. Struktur Entitas Anak Perusahaan memiliki, baik secara langsung dan tidak langsung, lebih dari 50% saham dan/atau mempunyai kendali atas manajemen entitas-entitas anak sebagai berikut: 1.c. The Structure of Subsidiaries The Company owns, either directly or indirectly, more than 50% shares in subsidiaries and/or has a control over management of subsidiaries as follows: Tahun Operasi KomersiaI/ Year of Entitas Anak/ Domisili/ Jenis Usaha/ Commercial Subsidiaries Domicile Activities Operation % % % % Rp Rp Rp Rp Pemilikan Langsung/ Direct Ownership PT Tiga Pilar Sejahtera Solo Industri dan Perdagangan Mie/Snack , , , ,249 Noodle/Snack Industry and Trading PT Asianiaga Prakarsatama* Jakarta Industri Makanan Ringan ,081 1,081 Snack Industry PT Naga Mas Sakti Perkasa* Jakarta Industri Pengolahan Hasil Laut/ Marine Product Industry PT Poly Meditra Indonesia Solo Industri Makanan Ringan , , , ,472 Snack Industry PT Bumiraya Investindo dan/and Jakarta Industi Perkebunan Kelapa Sawit/ , , , ,090 Entitas Anak/Subsdiaries Palm Oil Plantations Industry PT Dunia Pangan dan/and Sragen Industri dan Perdagangan Beras/ , ,148 31,175 31,200 Entitas Anak/Subsdiaries Rice Mill Trading and Industry PT Patra Power Nusantara** Solo Industri Pembangkit Tenaga Listrik/ ,524 95,999 90,308 71,438 Electric Power Plant Industry PT Balaraja Bisco Paloma** Balaraja Distribusi, Perdagangan dan Keagenan/ , Pemilikan Tidak Langsung/ Indirect Ownership Melalui/Through PT Bumiraya Investindo: Distribution, Trading and Agency PT Charindo Palma Oetama Jakarta Industi Perkebunan Kelapa Sawit/ ,720 83,440 78,266 75,893 Palm Oil Plantations Industry PT Muarobungo Plantation Jakarta Industi Perkebunan Kelapa Sawit/ ,762 30,794 20,656 20,754 Palm Oil Plantations Industry PT Airlangga Sawit Jaya Jakarta Industi Perkebunan Kelapa Sawit/ ,009 60,200 53,775 55,356 Palm Oil Plantations Industry PT Mitra Jaya Agro Palm Jakarta Industi Perkebunan Kelapa Sawit/ , , , ,773 Palm Oil Plantations Industry PT Tugu Palma Sumatera Jakarta Industi Perkebunan Kelapa Sawit/ ,868 10,703 11,004 2,194 Pemilikan Tidak Langsung/ Indirect Ownership Melalui/Through PT Dunia Pangan: Palm Oil Plantations Industry PT Jatisari Srirejeki Karawang Industri dan Perdagangan Beras/ , , , ,140 Rice Mill Trading and Industry PT Indo Beras Unggul Jakarta Industri dan Perdagangan Beras/ ,689 1,703 1,225 1,250 Rice Mill Trading and Industry *) Telah dijual pada bulan Desember 2010/ Have been Sold in December 2010 **) Dalam tahap pengembangan / In development stage Persentase Kepemilikan/ Percentage of Ownership Jumlah Aset/ Total Assets Pada tahun 2008, Perusahaan melakukan restrukturisasi atas grup usahanya dengan mengakuisisi 3 (tiga) perusahaan yang masih tergabung dalam pengendalian yang sama. Perusahaan melakukan akuisisi saham PT Poly Meditra Indonesia (PMI), PT Bumiraya Investindo (BRI) dan PT Patra Power Nusantara (PPN). In 2008, the Company carried out restructuring of its venture group by acquiring 3 (three) companies that are still under common control. The Company acquired the shares of PT Poly Meditra Indonesia (PMI), PT Bumiraya Investindo (BRI) and PT Patra Power Nusantara (PPN). D1/November 18, paraf :

18 Ikhtisar dari kegiatan akuisisi saham tersebut adalah sebagai berikut: Summary of shares acquisition are as follows: Tanggal Jumlah Persentase Perusahaan yang Diakuisisi/ Transaksi/ Lembar Saham/ Kepemilikan/ Company Acquired Transaction Date Total Shares Percentage of Ownerships PT Poly Meditra Indonesia 12 Juni 2008/June 12, ,888, % PT Bumiraya Investindo 12 Juni 2008/June 12, , % PT Patra Power Nusantara 12 Juni 2008/June 12, , % Berdasarkan Akta pengalihan saham No. 5 tanggal 12 Juni 2008 dari Notaris Syarifah Chozie, SH, MH, Perusahaan mengakuisisi saham PMI milik PT Permata Handrawina Sakti, pemegang saham, sejumlah lembar saham. Berdasarkan Akta No. 3 tanggal 12 Juni 2008 dari Notaris Syarifah Chozie, SH, MH, disetujui penjualan saham BRI kepada Perusahaan yang terdiri dari: lembar saham milik PT Permata Handrawina Sakti, pemegang saham; 819 lembar saham milik Aunur Rofiq. Berdasarkan Akta No. 6 tanggal 12 Juni 2008 dari Notaris Syarifah Chozie, SH, MH, disetujui penjualan saham PPN kepada Perusahaan yang terdiri dari: lembar saham milik Hengky Koestanto (Direktur Perusahaan dan pemegang Saham); lembar saham milik Stefanus Joko Mogoginta (Komisaris Perseroan dan Pemegang saham). Pada tahun 2010, Perusahaan dan entitas anak melakukan restrukturisasi grup usahanya dengan mengakuisisi 6 (enam) perusahaan yang masih tergabung dalam pengendalian yang sama. Perusahaan mengakuisi saham PT Dunia Pangan (DP) dan PT Bumiraya Investindo, entitas anak, mengakuisisi saham PT Mitra Jaya Agro Palm (MJAP), PT Airlangga Sawit Jaya (ASJ), PT Charindo Palma Oetama (CPO), PT Muarobungo Plantation (MBP) dan PT Tugu Palma Sumatera (TPSU). Kemudian Perusahaan melalui DP, entitas anak, melakukan akuisisi saham sebesar 99,99% kepemilikan di PT Jatisari Srirejeki dari pihak ketiga pada bulan Desember 2010 dan sebesar 70% kepemilikan PT Indo Beras Unggul (IBU). Based on the deed concerning shares transfer No. 5 dated June 12, 2008, of Syarifah Chozie, SH, MH, the Company made the acquisition of PMI shares owned by PT Permata Handrawina Sakti, a stockholder, amounted to 111,888,000 of shares. Based on the deed No. 3 dated June 12, 2008, of Syarifah Chozie, SH, MH, it is agreed on the sale of BRI shares to the Company which consists of: 90,090 shares owned by PT Permata Handrawina Sakti, a stockholder; 819 shares owned by Aunur Rofiq. Based on the deed No. 6 dated June 12, 2008, of Syarifah Chozie, SH, MH, it is agreed on the sale of PPN shares to the Company which consists of: 19,000 shares owned by Hengky Koestanto (the Company s Director and Stockholder); 18,962 shares owned by Stefanus Joko Mogoginta (Commissioner and Stockholder). In 2010, the Company carried out restructuring of its business group by acquiring 6 (six) companies that are still under common control. The Company acquired the shares of PT Dunia Pangan (DP) and PT Bumiraya Investindo, a subsidiary, acquired the shares of PT Mitra Jaya Agro Palm (MJAP), PT Airlangga Sawit Jaya (ASJ), PT Charindo Palma Oetama (CPO), PT Muarobungo Plantation (MBP) and PT Tugu Palma Sumatera (TPSU). Furthermore, The Company through its subsidiary, DP, acquired shares amounted to 99.99% ownership in PT Jatisari Srirejeki from third parties and 70% ownership in PT Indo Beras Unggul (IBU) in December D1/November 18, paraf :

19 Ikhtisar dari kegiatan akuisisi saham tersebut adalah A summary of shares acquisition activities is as follows: sebagai berikut: Tanggal Jumlah Persentase Perusahaan yang Diakuisisi/ Transaksi/ Lembar Saham/ Kepemilikan/ Acquired Company Transaction Date Total Shares Percentage of Ownerships PT Dunia Pangan (DP) 15 Desember 2010/December 15, , % PT Indo Beras Unggul (IBU) 20 Agustus 2010/August 20, % PT Mitra Jaya Agro Palm (MJAP) 15 Desember 2010/December 15, , % PT Airlangga Sawit Jaya (ASJ) 15 Desember 2010/December 15, , % PT Charindo Palma Oetama (CPO)) 15 Desember 2010/December 15, , % PT Muarobungo Plantation (MBP) 15 Desember 2010/December 15, , % PT Tugu Palma Sumatera (TPSU) 15 Desember 2010/December 15, , % PT Jatisari Srirejeki (JS) 31 Desember 2010/December 31, , % Pada tanggal 15 Desember 2010, Perusahaan mengakuisisi 70% kepemilikan di PT Dunia Pangan (DP) berdasarkan akta pengalihan saham No. 23 dan 24 yang dibuat dihadapan Notaris Benediktus Andy Widyanto, SH, akuisisi saham terdiri dari: lembar saham milik Stefanus Joko Mogoginta, Direktur Perusahaan; lembar saham milik Budhi Istanto Suwito, Komisaris Perusahaan. Berdasarkan Akta No. 20 dan 21 tanggal 15 Desember 2010 dari Notaris Benediktus Andy Widyanto, SH, disetujui penjualan saham MJAP kepada BRI yang terdiri dari: lembar saham milik PT Permata Handrawina Sakti, pemegang saham; 3 lembar saham milik Stefanus Joko Mogoginta, Direktur Perusahaan. Berdasarkan Akta No. 13 tanggal 15 Desember 2010 dari Notaris Benediktus Andy Widyanto, SH, disetujui penjualan saham ASJ milik PT Tugu Palma Sejahtera, pihak berelasi, kepada BRI sejumlah lembar saham. Berdasarkan Akta No. 11 tanggal 15 Desember 2010 dari Notaris Benediktus Andy Widyanto, SH, disetujui penjualan saham CPO milik PT Tugu Palma Sejahtera kepada BRI sejumlah lembar saham. Berdasarkan Akta No. 15 tanggal 15 Desember 2010 dari Notaris Benediktus Andy Widyanto, SH, disetujui penjualan saham MBP milik PT Tugu Palma Sejahtera kepada BRI sejumlah lembar saham. Berdasarkan Akta No. 17 dan 18 tanggal 15 Desember 2010 dari Notaris Benediktus Andy Widyanto, SH, disetujui penjualan saham TPSU kepada BRI yang terdiri dari: lembar saham milik PT Midland Pilar Agrostar; 249 lembar saham milik PT Agro Palmindo Utama. On December 15, 2010, the Company acquired 70% ownership of PT Dunia Pangan (DP) based on the deed of shares acquisitions No. 23 and 24, made before Benediktus Andy Widyanto, SH, shares acquisition consists of: 18,000 shares owned by Stefanus Joko Mogoginta the Company s Director; 3,000 shares owned by Budhi Istanto Suwito, the Company s Commisioner. Based on the deed No. 20 and 21 dated December 15, 2010, of Benediktus Andy Widyanto, SH, it is agreed on the sale of MJAP shares to BRI which consists of: 39,996 shares owned by PT Permata Handrawina Sakti, a stockholder; 3 shares owned by Stefanus Joko Mogoginta, the Company s Director. Based on the deed No. 13 dated December 15, 2010, of Benediktus Andy Widyanto, SH, it is agreed on the sale of ASJ shares owned by PT Tugu Palma Sejahtera, a related party, to BRI amounted to 109,999 shares. Based on the deed No. 11 dated December 15, 2010, of Benediktus Andy Widyanto, SH, it is agreed on the sale of CPO shares owned by PT Tugu Palma Sejahtera to BRI amounted to 149,999 shares. Based on the deed No. 15 dated December 15, 2010, of Benediktus Andy Widyanto, SH, it is agreed on the sale of MBP shares owned by PT Tugu Palma Sejahtera to BRI amounted to 149,999 shares. Based on the deed No. 17 and 18 dated December 15, 2010, of Benediktus Andy Widyanto, SH, it is agreed on the sale of TPSU shares to BRI which consists of: 2,250 shares owned by PT Midland Pilar Agrostar; 249 shares owned by PT Agro Palmindo Utama. D1/November 18, paraf :

20 Pada tanggal 25 Agustus 2010, DP mengakuisisi 70% kepemilikan di IBU berdasarkan akta pengalihan saham No. 19 dan 20 yang dibuat dihadapan Notaris Mohammad Dalwin Ginting, SH, akuisisi saham terdiri dari: 750 lembar saham milik PT Midland Pilar Agrostar Utama; 125 lembar saham milik PT Agro Palmindo Utama. Transaksi-transaksi akuisisi tersebut dipertanggungjawabkan sesuai dengan PSAK No. 38 (Revisi 2004) tentang "Akuntansi Restrukturisasi Entitas Sepengendali". Oleh karena itu, selisih bersih antara harga pengalihan saham dengan bagian proporsional saham atas nilai buku aset bersih entitas anak yang diakuisisi sebesar Rp pada tahun 2010, disajikan sebagai "Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali" sebagai bagian dari Ekuitas pada laporan posisi keuangan konsolidasian. Laporan keuangan konsolidasian untuk tahun yang berakhir 31 Desember 2008 telah disajikan kembali seolah-olah transaksi restrukturisasi entitas sepengendali telah terjadi sejak tanggal 1 Januari 2008 (lihat Catatan 3). Bagian atas laba bersih perusahaan yang diakuisisi disajikan sebagai "Efek Penyesuaian Proforma" pada laporan laba rugi komprehensif konsolidasian untuk tahun yang berakhir pada tanggal 31 Desember Berdasarkan Akta Penyataan Keputusan Rapat No. 29 dan No. 31 tanggal 20 Desember 2010, yang dibuat dihadapan Benediktus Andy Widyanto, SH, Notaris di Jakarta, pemegang saham setuju untuk menjual seluruh kepemilikan di PT Naga Mas Sakti Perkasa (NMSP) dan PT Asianiaga Prakarsatama (ANP). Berdasarkan akta jual beli saham No. 30 tanggal 20 Desember 2010, yang dibuat dihadapan Benediktus Andy Widyanto, SH, Notaris di Jakarta, Perusahaan menjual kepemilikan saham NMSP sebesar lembar saham kepada PT Tunas Pupuk Sejati (TPSE), pihak dalam pengendalian yang sama, dengan harga pelepasan sebesar Rp 1. Kemudian, berdasarkan akta jual beli saham No. 32 tanggal 20 Desember 2010, yang dibuat dihadapan Benediktus Andy Widyanto, SH, Notaris di Jakarta. Perusahaan menjual kepemilikan saham ANP sebesar lembar saham kepada TPSE dengan harga pelepasan sebesar Rp 1. Berdasarkan transaksi penjualan tersebut Perusahaan mengakui keuntungan pelepasan entitas anak sebesar Rp dalam laporan laba rugi komprehensif konsolidasian. On August 25, 2010, DP acquired 70% ownership of IBU based on the deed of shares acquisitions No. 19 and 20, made before Mohammad Dalwin Ginting, SH, shares acquisition consists of: 750 shares owned by PT Midland Pilar Agrostar Utama; 125 shares owned by PT Agro Palmindo Utama. The acquisition transactions was accounted in accordance with the Statement of Financial Accounting Standard (PSAK) No. 38 (2004 Revision) regarding Accounting for Restructuring Entities Under Common Control. Consequently, net difference between shares acquisition price with the net book value of assets of acquired subsidiaries amounted to Rp 72,026 in 2010, is recorded as Difference in Value of Restructuring Transactions Between Entities Under Common Control in the Equity section in the consolidated statement of financial position. Consolidated statements of comprehensive income for the year ended December 31, 2008 had been restated as if the restructuring transactions between entities under common control had occurred since January 1, 2008 (see Note 3). Portion of acquired companies net income shall be recorded as Effect of Pro Forma Adjustment in the consolidated statements of income for the year ended December 31, Based on Deed of Meeting Resolution No. 29 and No. 31 dated December 20, 2010, made in presence of Benediktus Andy Widyanto, SH, a notary in Jakarta, the shareholders agree to sell all ownership in PT Naga Mas Sakti Perkasa (NMSP) and PT Asianiaga Prakarsatama (ANP). Based on the deed No. 30 dated December 20, 2010, made in presence of Benediktus Andy Widyanto, SH, a notary in Jakarta, the Company sold the share ownership in NMSP amounted to 21,488,500 shares to PT Tunas Pupuk Sejati (TPSE), entities under common control, with the selling price amounted to Rp 1. Furthermore, based on the deed No. 32 dated December 20, 2010, made in presence of Benediktus Andy Widyanto, SH, a notary in Jakarta, the Company sold the share ownership in ANP amounted to 12,955 shares to TPSE with the selling price amounted to Rp 1. Based on those transactions the Company recognizes gain on subsidiaries disposal amounted to Rp 44,300 in consolidated statements of comprehensive income. D1/November 18, paraf :

21 Berdasarkan Perjanjian Jual Beli Saham Bersyarat tanggal 31 Desember 2010 yang kemudian didokumentasikan dalam akta No. 213 dan 214 tanggal 13 April 2011 dari notaris Arry Supratno, SH, PT Wahana Nusantara (WN) dan PT Hap Chuan Trading (HCT) melakukan penjualan sahamnya di PT Jatisari Srirejeki (JS) kepada PT Dunia Pangan (DP) yang terdiri dari: lembar saham milik WN; lembar saham milik HCT. Harga transaksi akuisisi saham adalah sebesar Rp Sumber dana DP untuk mengakuisisi JS diperoleh melalui fasilitas pinjaman dari Primanex, Pte Ltd sebesar Rp (lihat Catatan 6). Transaksi akuisisi JS dipertanggungjawabkan sesuai dengan PSAK No. 22 (Revisi 2007) tentang "Akuntansi Penggabungan Usaha". Oleh karena itu, selisih bersih antara harga perolehan dengan bagian proporsional saham atas nilai wajar aset bersih entitas anak yang diakuisisi sebesar Rp disajikan sebagai Goodwill sebagai bagian dari aset tidak berwujud pada laporan posisi keuangan konsolidasian (lihat Catatan 10). 1.d. Dewan Komisaris, Dewan Direksi, Komite Audit dan Karyawan Berdasarkan Akta Berita Acara Rapat Umum Pemegang Saham Tahunan No. 76 tanggal 28 Juni 2011 yang dibuat di hadapan Poerbaningsih Adi Warsito, S.H., Notaris di Jakarta, Akta Berita Acara Rapat Umum Pemegang Saham Tahunan No. 63 tanggal 25 Juni 2009 yang dibuat di hadapan Poerbaningsih Adi Warsito, S.H., Notaris di Jakarta dan Akta Berita Acara Rapat Umum Pemegang Saham Tahunan No. 17 tanggal 28 Nopember 2007 yang dibuat di hadapan Tatyana Indrati Hasjim, S.H., Notaris di Jakarta susunan anggota Dewan Komisaris, Dewan Direksi dan Komite Audit Perusahaan pada tanggal 30 Juni 2011, 31 Desember 2010, 2009 dan 2008 adalah sebagai berikut: Based on Conditional Share Purchase Agreement dated December 31, 2010 which subsequently documented on the deed No. 213 and 214 dated April 13, 2011, of Arry Supratno, SH, PT Wahana Nusantara (WN) and PT Hap Chuan Trading (HCT) sale their shares in PT Jatisari Srirejeki (JS) to PT Dunia Pangan (DP) which consists of: 45,180 shares owned by WN; 5,020 shares owned by HCT. Share acquisition cost amounted to Rp 35,000. DP s fund source to acquire JS was obtained from loan facility from Primanex, Pte Ltd is amounted to Rp 35,000 (see Note 6). The acquisition transactions of JS was accounted in accordance with the Statement of Financial Accounting Standard (PSAK) No. 22 (2007 Revision) regarding Business Combination. Consequently, net difference between shares acquisition price with the net book value of assets of acquired subsidiaries amounted to Rp 73,111 is recorded as Goodwill in the assets section in the consolidated statement of financial position (see Note 10). 1.d. Board of Commissioners, Board of Directors, Audit Committee and Employees Based on Deed of Annual General Meeting of Stockholders No 76 dated 28 Juni 2011 made in presence of Poerbaningsih Adi Warsito, S.H., a notary in Jakarta, Deed of Annual General Meeting of Stockholders No. 63 dated June 25, 2009 made in presence of Poerbaningsih Adi Warsito, S.H., a notary in Jakarta and Deed of Annual General Meeting of Stockholders No. 17 dated November 28, 2007 made in presence of Tatyana Indrati Hasjim, S.H., a notary in Jakarta the composition of the Company s Board of Commissioners, Board of Directors and Audit Committee as of June 30, 2011, December 31, 2010, 2009 and 2008 were as follows: Dewan Komisaris 2011, 2010, 2009 dan/and 2008 Board of Commissioners Komisaris Utama Priyo Hadi Sutanto President Commissioner Wakil Komisaris Utama Kang Hongkie Widjaja Vice President Commissioner , 2009 dan/and 2008 Komisaris Hengky Koestanto Herry Beng Koestanto Commissioners -- Budhi Istanto Suwito D1/November 18, paraf :