Neraca Konsolidasi Consolidated Balance Sheets 30 Juni 2007 dan 2006 June 30, 2007 and 2006 AKTIVA LANCAR CURRENT ASSETS Kas dan setara kas 650,963,436,118 118,679,465,155 Cash and cash equivalents Investasi jangka pendek 37,335,606,717 164,385,831,999 Short-term investments Piutang usaha Trade accounts receivable Pihak yang mempunyai hubungan istimewa 135,046,304,089 112,145,511,251 Related parties Pihak ketiga 273,257,911,455 197,585,334,702 Third parties Piutang lain-lain - pihak ketiga 19,600,861,703 53,525,093,432 Other receivables - third parties Persediaan 938,683,715,743 700,567,142,854 Inventories Biaya dibayar dimuka dan aktiva lancar lainnya 405,584,896,812 158,273,919,526 Prepaid expenses and other current assets Pajak Pertambahan Nilai dibayar dimuka - bersih 148,197,837,164 73,912,513,183 Prepaid Value Added Tax - net JUMLAH AKTIVA LANCAR 2,608,670,569,801 1,579,074,812,102 TOTAL CURRENT ASSETS AKTIVA TIDAK LANCAR NON-CURRENT ASSETS Piutang dari pihak yang mempunyai hubungan istimewa 134,195,354,153 140,767,893,525 Due from related parties Aktiva pajak tangguhan - bersih 53,632,078,652 18,856,635,415 Deferred tax assets - net Investasi dalam saham pada perusahaan asosiasi 151,774,242,642 334,774,951,796 Investments in shares of associates Tanaman perkebunan Plantations Tanaman telah menghasilkan - setelah dikurangi akumulasi amortisasi sebesar Mature plantations - net of accumulated amortization 266.085.479.764 pada periode 2007 dan of 266,085,479,764 in 2007 and 220.774.214.043 pada periode 2006 866,802,831,841 855,440,085,408 220,774,214,043 in 2006 Tanaman belum menghasilkan 309,065,919,090 136,817,617,813 Immature plantations Aktiva tetap - setelah dikurangi akumulasi Property, plant and equipment - net of accumulated penyusutan sebesar 547.369.488.977 depreciation of 547,369,488,977 in 2007 and pada periode 2007 dan 457.124.439.478 457,124,439,478 in 2006 pada periode 2006 1,826,596,999,975 1,376,431,589,942 Aktiva tidak berwujud Intangible assets Goodwill - bersih 35,205,442,422 65,748,044,748 Goodwill - net Merek dagang - bersih 5,725,950,000 6,486,562,500 Brands and trademarks - net Aktiva lain-lain Other assets Taksiran tagihan pajak 95,024,191,195 76,985,127,325 Estimated claims for tax refund Bibitan 31,397,320,140 37,837,511,132 Nursery Biaya tangguhan hak atas tanah - bersih 19,815,479,663 18,130,533,631 Deferred landrights - net Biaya pengembangan piranti lunak - bersih 11,437,274,480 11,437,274,480 Software development costs - net Biaya ditangguhkan lainnya - bersih 2,336,122,587 8,472,989,345 Other deferred charges - net Lain-lain 290,384,691,486 110,433,815,611 Others Jumlah aktiva lain-lain 450,395,079,551 263,297,251,524 Total other assets JUMLAH AKTIVA TIDAK LANCAR 3,833,393,898,326 3,198,620,632,671 TOTAL NON-CURRENT ASSETS JUMLAH AKTIVA 6,442,064,468,127 4,777,695,444,773 TOTAL ASSETS 1
Neraca Konsolidasi Consolidated Balance Sheets 30 Juni 2007 dan 2006 (Lanjutan) June 30, 2007 and 2006 (Continued) KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY KEWAJIBAN LANCAR CURRENT LIABILITIES Hutang bank jangka pendek 443,646,000,000 239,940,000,000 Short-term bank loans Hutang usaha Trade accounts payable Pihak yang mempunyai hubungan istimewa 371,262,710,854 279,849,360,361 Related parties Pihak ketiga 176,905,880,967 178,913,775,124 Third parties Hutang lain-lain Other payables Pihak yang mempunyai hubungan istimewa 22,635,000,000 23,250,000,000 Related party Pihak ketiga 31,944,778,499 34,354,373,474 Third parties Uang muka pelanggan Advances from customers Pihak yang mempunyai hubungan istimewa - 131,376,341 Related party Pihak ketiga 15,522,687,565 22,017,376,882 Third parties Biaya yang masih harus dibayar 44,803,211,887 34,475,993,008 Accrued expenses Hutang pajak 87,837,568,289 11,988,014,735 Taxes payable Bagian hutang jangka panjang yang akan jatuh tempo dalam waktu satu tahun 52,607,118,163 215,553,401,031 Current maturities of long-term debts JUMLAH KEWAJIBAN LANCAR 1,247,164,956,224 1,040,473,670,956 TOTAL CURRENT LIABILITIES KEWAJIBAN TIDAK LANCAR NON-CURRENT LIABILITIES Kewajiban pajak tangguhan - bersih 230,192,402,717 129,438,957,362 Deferred tax liabilities - net Cadangan imbalan pasti pasca-kerja 54,026,603,000 34,116,967,823 Defined post-employment benefits reserve Hutang jangka panjang - setelah dikurangi bagian yang akan jatuh tempo dalam waktu satu tahun 131,708,611,808 630,511,006,061 Long-term debts - net of current maturities Hutang kepada pihak yang mempunyai hubungan istimewa 1,735,580,086,887 659,844,763,282 Due to related parties JUMLAH KEWAJIBAN TIDAK LANCAR 2,151,507,704,412 1,453,911,694,528 TOTAL NON-CURRENT LIABILITIES KELEBIHAN BAGIAN RUGI BERSIH EXCESS OF EQUITY IN NET PERUSAHAAN ASOSIASI ATAS LOSSES OF AN ASSOCIATE BIAYA PEROLEHAN - 2,394,770,810 OVER COST HAK MINORITAS ATAS AKTIVA MINORITY INTEREST IN NET BERSIH ANAK PERUSAHAAN 10,000,000 10,000,000 ASSETS OF A SUBSIDIARY EKUITAS EQUITY Modal saham - nilai nominal 200 per saham Capital stock - 200 par value per share Modal dasar - 5.000.000.000 saham Authorized - 5,000,000,000 shares Modal ditempatkan dan disetor penuh - 2.872.193.366 saham 574,438,673,200 574,438,673,200 Issued and fully paid - 2,872,193,366 shares Tambahan modal disetor 1,662,472,039,200 1,662,472,039,200 Additional paid-in capital Selisih kurs penjabaran 104,010,068,115 107,928,118,624 Difference in foreign currency translation Selisih transaksi perubahan ekuitas Difference arising from changes in subsidiaries' anak perusahaan 68,077,476,883 24,703,013,824 equity Selisih transaksi perubahan ekuitas Difference arising from changes in associated perusahaan asosiasi 561,583,860 16,163,179,153 companies' equity Selisih nilai transaksi restrukturisasi entitas Difference arising from restructuring transactions sepengendali 92,241,224,885 (11,987,787,393) of entities under common control Saldo laba (defisit) 541,580,741,348 (92,811,928,129) Retained earnings (deficit) JUMLAH EKUITAS 3,043,381,807,491 2,280,905,308,479 TOTAL EQUITY JUMLAH KEWAJIBAN DAN EKUITAS 6,442,064,468,127 4,777,695,444,773 TOTAL LIABILITIES AND EQUITY 2
Laporan Laba Rugi Konsolidasi Consolidated Statements of Income PENDAPATAN USAHA 2,957,968,953,332 2,357,304,790,579 REVENUES BEBAN POKOK PENJUALAN 2,107,788,242,666 1,838,972,101,456 COST OF GOODS SOLD LABA KOTOR 850,180,710,666 518,332,689,123 GROSS PROFIT BEBAN USAHA OPERATING EXPENSES Penjualan 90,738,584,036 87,477,074,665 Selling Umum dan administrasi 29,760,291,249 48,001,658,475 General and administrative Jumlah Beban Usaha 120,498,875,285 135,478,733,140 Total Operating Expenses LABA USAHA 729,681,835,381 382,853,955,983 INCOME FROM OPERATIONS PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (EXPENSES) Bagian atas laba bersih perusahaan asosiasi - bersih 15,408,958,282 789,558,862 Equity in net profit of associates - net Pendapatan bunga 6,134,473,049 9,805,728,614 Interest income Beban bunga dan keuangan lainnya (68,115,576,119) (64,082,733,701) Interest and other financial charges Laba (rugi) selisih kurs - bersih (11,124,658,543) 65,272,532,201 Gain (loss) on foreign exchange - net Lain-lain - bersih 24,356,704,000 3,378,765,549 Miscellaneous - net Penghasilan (Beban) Lain-lain - Bersih (33,340,099,331) 15,163,851,525 Other Income (Expenses) - Net LABA SEBELUM PAJAK 696,341,736,050 398,017,807,508 INCOME BEFORE TAX BEBAN PAJAK TAX EXPENSE Kini 95,045,848,030 2,088,870,518 Current Tangguhan 91,372,098,826 23,999,446,629 Deferred Jumlah Beban Pajak 186,417,946,856 26,088,317,147 Total Tax Expense LABA SEBELUM LABA PRA-AKUISISI 509,923,789,194 371,929,490,361 INCOME BEFORE PRE-ACQUISITION INCOME LABA PRA-AKUISISI - (514,063,979) PRE-ACQUISITION INCOME LABA BERSIH 509,923,789,194 371,415,426,382 NET INCOME LABA BERSIH PER SAHAM DASAR 178 129 BASIC EARNINGS PER SHARE 3
Laporan Perubahan Ekuitas Konsolidasi Consolidated Statements of Changes in Equity Selisih Selisih Transaksi Nilai Selisih Perubahan Transaksi Transaksi Ekuitas Restrukturisasi Perubahan Perusahaan Entitas Ekuitas Anak Asosiasi/ Sepengendali/ Tambahan Selisih Kurs Perusahaan/ Difference Difference Modal Penjabaran/ Difference Arising from Arising from Disetor/ Difference in Arising from Changes in Restructuring Saldo laba Additional Foreign Changes in Associated Transactions of (Defisit)/ Modal Saham/ Paid-in Currency Subsidiaries' Companies' Entities Under Retained Earnings Jumlah Ekuitas/ Capital Stock Capital Translation Equity Equity Common Control (Deficit) Total Equity Saldo per 1 Januari 2006 574,438,673,200 1,662,472,039,200 116,703,860,204 24,703,013,824 26,467,936,017 (11,987,787,393) (464,227,354,511) 1,928,570,380,541 Balance as of January 1, 2006 Selisih kurs karena penjabaran laporan keuangan Difference in foreign currency translation of perusahaan asosiasi - - (8,775,741,580) - - - - (8,775,741,580) associated companies' financial statements Selisih transaksi perubahan Difference arising from changes in ekuitas perusahaan asosiasi - - - - (10,304,756,864) - - (10,304,756,864) associated companies' equity Laba bersih periode berjalan - - - - - - 371,415,426,382 371,415,426,382 Net income for the period Saldo per 30 Juni 2006 574,438,673,200 1,662,472,039,200 107,928,118,624 24,703,013,824 16,163,179,153 (11,987,787,393) (92,811,928,129) 2,280,905,308,479 Balance as of June 30, 2006 Saldo per 1 Januari 2007 574,438,673,200 1,662,472,039,200 103,464,328,854 68,077,476,883 16,972,153,478 (11,987,787,393) 163,777,846,990 2,577,214,731,212 Balance as of January 1, 2007 Selisih kurs karena penjabaran laporan keuangan Difference in foreign currency translation of perusahaan asosiasi - - 545,739,261 - - - - 545,739,261 associated companies' financial statements Selisih transaksi perubahan Difference arising from changes in associated ekuitas perusahaan asosiasi - - - - (16,410,569,618) - - (16,410,569,618) companies' equity Selisih nilai transaksi restrukturisasi Difference arising from restructuring transactions entitas sepengendali - - - - - 104,229,012,278-104,229,012,278 of entities under common control Dividen tunai - - - - - - (132,120,894,836) (132,120,894,836) Cash dividends Laba bersih periode berjalan - - - - - - 509,923,789,194 509,923,789,194 Net income for the period Saldo per 30 Juni 2007 574,438,673,200 1,662,472,039,200 104,010,068,115 68,077,476,883 561,583,860 92,241,224,885 541,580,741,348 3,043,381,807,491 Balance as of June 30, 2007 4
Laporan Arus Kas konsolidasi Consolidated Statements of Cash Flows ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan kas dari pelanggan 2,753,848,866,101 2,293,141,383,128 Cash receipts from customers Pembayaran kas untuk pemasok, kontraktor, Cash paid to suppliers, contractors, employees karyawan dan lainnya (2,167,292,426,784) (1,816,488,133,993) and others Kas yang diperoleh dari operasi 586,556,439,317 476,653,249,135 Cash generated from operations Pembayaran untuk aktivitas operasi lainnya - bersih (294,002,663,562) (402,835,856,265) Payment for other operating activities - net Pembayaran beban bunga - bersih (85,310,968,097) (85,242,765,903) Payment of interest - net Pembayaran pajak penghasilan (48,338,886,602) (43,495,424,102) Payment of of income taxes Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi 158,903,921,056 (54,920,797,135) Net Cash Provided by (Used in) Operating Activities ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Penurunan (penambahan) investasi dalam saham Decrease (increase) in investment in shares pada perusahaan asosiasi 311,500,000,000 (663,000,000) of associated company Hasil penjualan aktiva tetap 3,687,683,624 8,520,199,326 Proceeds from sale of property, plant and equipment Perolehan aktiva tetap dan penambahan Acquisitions of property, plant and equipment and tanaman perkebunan (287,748,584,529) (117,450,983,855) additional plantation estates Penambahan bersih investasi jangka pendek (24,457,315,050) (43,199,280,929) Net increase in short-term investments Penambahan pembukaan lahan (13,249,644,252) (12,849,747,768) Additional land clearing Kenaikan bersih bibitan (3,006,905,450) (12,005,149,331) Net increase in nursery Penerimaan dividen tunai - 96,750,000,000 Receipt of cash dividends Pembayaran untuk akuisisi anak perusahaan Payment for acquisition of a subsidiary setelah dikurangi saldo kas pada tanggal akuisisi - (30,228,072,023) net of cash balance at acquisition date Kas Bersih Digunakan untuk Aktivitas Investasi (13,274,765,657) (111,126,034,580) Net Cash Used in Investing Activities ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Penambahan hutang kepada pihak yang mempunyai hubungan istimewa 1,071,396,558,185 63,135,837,651 Additional due to related parties Penerimaan hutang bank jangka pendek 454,066,478,208 - Additional short-term loans Pembayaran hutang jangka panjang (604,601,689,645) (75,313,188,538) Payments of long-term debts Pembayaran hutang kepada pihak yang mempunyai hubungan istimewa (275,342,056,000) (425,932,720,000) Payments of due to related parties Pembayaran hutang bank jangka pendek (244,715,586,168) - Payments of short-term loans Pembayaran dividen tunai (132,120,894,836) - Payment of cash dividends Penambahan piutang kepada pihak yang mempunyai hubungan istimewa (87,113,007,672) (25,046,125,016) Additional due from related parties Penambahan hutang jangka panjang - 364,528,000,000 Additional long-term debts Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan 181,569,802,072 (98,628,195,903) Net Cash Provided by (Used in) Financing Activities KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS 327,198,957,471 (264,675,027,618) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AWAL PERIODE 323,764,478,647 383,354,492,773 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD KAS DAN SETARA KAS AKHIR PERIODE 650,963,436,118 118,679,465,155 CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 5