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PT AQUA GOLDEN MISSISSIPPI TbkDAN ANAK PERUSAHAAN / AND SUBSIDIARY

LAPORAN KEUANGAN KONSOLIDASIAN/CONSOLIDATED FINANCIAL STATEMENTS

30 JUNI 2010 DAN 2009/30 JUNE 2010 AND 2009



PT AQUA GOLDEN MISSISSIPPI TbkDAN ANAK PERUSAHAAN/AND SUBSIDIARY

Lampiran - 1/1 - Schedule

Catatan atas laporan keuangan konsolidasian merupakanbagian yang tidak terpisahkan dari laporan keuangan

konsolidasian

The accompanying notes form an integral part of these consolidated financial statements

NERACA KONSOLIDASIAN30 JUNI 2010 DAN 2009 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED BALANCE SHEETS AS AT 30 JUNE 2010 AND 2009

(Expressed in Rupiah, unless otherwise stated)

2010Catatan/

Notes 2009

ASET ASSETS

ASET LANCAR CURRENT ASSETS Kas dan setara kas 579,379,824,401 2a, 3 61,316,407,990 Cash and cash equivalents Piutang usaha Trade receivables - Pihak ketiga, setelah Third parties, -

dikurangi penyisihan net of allowance for piutang ragu-ragu doubtful accounts of sebesar Rp 279.377.314 Rp 279,377,314 (2009: Rp 555.592.111) 7,874,618,676 2e, 4 7,602,954,089 (2009: Rp 555,592,111)

- Pihak yang mempunyai

hubungan istimewa 247,377,211,211 2c, 2e, 4 594,277,257,583 Related parties - Piutang lain-lain 2,612,987,928 5 3,038,757,609 Other receivables Persediaan, setelah Inventories,

dikurangi penyisihan net of provision persediaan usang dan for obsolete and lambat bergerak sebesar slow moving of Rp 8.264.663.905 Rp 8,264,663,905 (2009: Rp 6.128.740.946) 19,472,987,074 2f, 6 22,334,015,886 (2009:Rp 6,128,740,946)

Uang muka pembelian Advances for purchases of persediaan 53,533,098,675 7 58,136,340,639 inventories

Beban dibayar di muka 1,543,682,720 191,659,456 Prepaid expenses Pajak dibayar di muka - 2k, 12a 894,213,761 Prepaid taxes

Jumlah aset lancar 911,794,410,685 747,791,607,013 Total current assets

ASET TIDAK LANCAR NON-CURRENT ASSETS Kas dan setara kas yang Restricted cash and cash

dibatasi penggunaannya 241,099,524 2a, 3 262,434,468 equivalents Uang muka pembelian Advances for purchases of

aset tetap 2,184,625,783 13,338,821,583 fixed assets Aset pajak tangguhan - bersih 1,227,319,719 2k, 12d 1,155,910,957 Deferred tax assets - net Aset tetap, setelah Fixed assets,

dikurangi: net of: - akumulasi penyusutan accumulated depreciation -

dan penurunan nilai sebesar and provision for impairment of Rp 564.458.119.858 of Rp 564,458,119,858

(2009:Rp 524.965.529.947) 368,136,390,667 h, 8 342,339,108,513 (2009:Rp 524,965,529,947)Goodwill, bersih 36,978,750 2i 61,631,250 Goodwill, net

Jumlah aktiva tidak lancar 371,826,414,443 357,157,906,771 Total non-current assets

JUMLAH ASET 1,283,620,825,128 1,104,949,513,784 TOTAL ASSETS






konsolidasian


NERACA KONSOLIDASIAN30 JUNI 2010 DAN 2009 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED BALANCE SHEETS AS AT 30 JUNE 2010 AND 2009

(Expressed in Rupiah, unless otherwise stated)

2010Catatan/

Notes 2009

KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES Hutang usaha Trade payables - Pihak ketiga 58,520,999,902 9 74,834,364,719 Third parties - - Pihak yang mempunyai

hubungan istimewa 79,312,942,119 2c, 9 33,437,679,458 Related party - Hutang dividen 23,634,920,302 15,746,205,823 Dividend payables Hutang lain-lain 149,066,911 145,368,942 Other Payables Hutang pajak 11,420,948,808 2k, 12b 7,667,951,724 Taxes payable Beban yang masih harus

dibayar 17,700,448,459 10 16,485,658,001 Accrued expenses

Kewajiban imbalan kerja Employees benefit obligations bagian jangka pendek 2,047,644,000 13 - current portion

Jumlah kewaji ban lancar 192,786,970,501 148,317,228,667 Total current liabilities

KEWAJIBAN TIDAK NON-CURRENT LANCAR LIABILITIES

Deposits on returnable Uang jaminan botol dan krat 343,555,523,775 2k, 11 309,403,395,303 bottles and shells Kewajiban pajak tangguhan -

bersih 950,142,274 2k, 12d 8,968,920,361 Deferred tax liabilities - net Hutang lain-lain 164,297,660 - Other payables Kewajiban imbalan kerja Employe benefits obligations

bagian jangka panjang 38,711,095,000 2m, 13 27,270,997,000 – non current portion Jumlah kewajiban tidak

lancar 383,381,058,709 345,643,312,664 Total non-current liabilities

JUMLAH KEWAJIABAN 576,168,029,210 493,960,541,331 TOTAL LIABILITIES

HAK MINORITAS 9,826,053,876 14 9,226,033,282 MINORITY INTEREST

EKUITAS EQUITY Modal saham - modal dasar

45.000.000 lembar saham, Share capital - authorised ditempatkan dan disetor capital 45,000,000 shares, penuh 13.162.473 lembar issued and fully paid saham biasa, dengan nilai 13,162,473 ordinary shares nominal Rp 1.000 with par value per saham 13,162,473,000 15 13,162,473,000 Rp 1,000 per share

Agio saham 8,624,230,550 16 8,624,230,550 Share premium

Selisih kurs karena penjabaran Differences arising from Laporan keuangan dalam translation of foreign mata uang asing 16,622,279,520 2d 19,839,260,032currencies financial statements

Saldo laba Retained earnings - Dicadangkan 2,632,494,600 17 2,632,494,600 Appropriated -- Belum dicadangkan 656,585,264,372 557,504,480,989 Unappropriated -

Jumlah ekuitas 697,626,742,042 601,762,939,171 Total equity

JUMLAH KEWAJIBAN TOTAL LIABILITIES AND DAN EKUITAS 1,283,620,825,128 1,104,949,513,784 EQUITY




Lampiran - 2 - Schedule


konsolidasian


LAPORAN LABA RUGI KONSOLIDASIANUNTUK ENAM BULAN YANG BERAKHIR30 JUNI 2010 DAN 2009(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENTS OF INCOME FOR SIX MONTHS ENDED

30 JUNE 2010 AND 2009 (Expressed in Rupiah, unless otherwise stated)

2010Catatan/

Notes 2009

PENDAPATAN BERSIH 1,484,199,437,912 19 1,295,119,134,504 NET REVENUE

BEBAN POKOKPENDAPATAN (1,383,819,881,747) 20 (1,221,285,636,425) COST OF REVENUE

LABA KOTOR 100,379,556,165 73,833,498,079 GROSS PROFIT

BEBAN USAHA OPERATING EXPENSES Penjualan (2,217,201,894) 21 (2,209,663,899) Selling Umum dan administrasi (15,829,419,057) 22 (13,122,792,108) General and administrative

(18,046,620,951) (15,332,456,007)

LABA USAHA 82,332,935,214 58,501,042,072 OPERATING INCOME

PENGHASILAN/(BEBAN) OTHER INCOME/ LAIN-LAIN (EXPENSES)

Waiver of liability arising from Penghapusan uang jaminan deposits on returnable

Botol dan krat 4,132,647,000 - bottles and shells Penghasilan bunga 3,928,022,243 253,975,775 Interest income Keuntungan

penjualan aset tetap 698,495,627 8 1,852,700,125 Gain on sales of fixed asset Keuntungan (kerugian) Foreign exchange gain

selisih kurs - bersih (3,879,115,653) 1,885,076,100 (loss) - net Beban keuangan (237,840,005) (187,507,444) Finance charges Lain- lain 475,379,214 23 (6,754,540,971) Others

5,117,588,426 (2,950,296,415)

LABA SEBELUM PAJAK PROFIT BEFORE PENGHASILAN 87,450,523,640 55,550,745,657 INCOME TAX

BEBAN PAJAKPENGHASILAN (21,048,237,393) (16,256,723,839) INCOME TAX EXPENSE

LABA SEBELUM HAK INCOME BEFORE MINORITAS 66,402,286,247 39,294,021,818 MINORITY INTEREST

HAK MINORITAS (740,480,132) 14 (490,779,269) MINORITY INTEREST

LABA BERSIH 65,661,806,115 38,803,242,549 NET INCOME

LABA BERSIH NET EARNINGS PER SAHAM - DASAR PER SHARE - BASIC DAN DILUSIAN 4,989 25 2,948 AND DILUTED





Catatan atas laporan keuangan konsolidasian merupakan bagianyang tidak terpisahkan dari laporan keuangan konsolidasian

The accompanying noconsolidate

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIANUNTUK ENAM BULAN YANG BERAKHIR

30 JUNI 2010 DAN 2009(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDAT

Catatan/Notes

Modal saham/Share capital

Agio saham/Share premium

Selisih kurs karenapenjabaran

laporan keuangandalam mata uang

asing/ Difference arising

from Currency translation of foreign currencies financial

statements

Saldo laba/Retained earnings

Dicadangkan /Appropriated

Saldo laba/Retained earnin

Belum dicadang/Unappropriate

Saldo 1 Januari 2009 13,162,473,000 8,624,230,550 22,664,544,519 2,632,494,600 534,496,206,

Laba bersih - - - - 38,803,242,

Dividen kas 18 - - - - (15,794,967,

Selisih kurs karena penjabaranlaporan keuangan dalammata uang asing 2b - - (2,825,284,487) -

Saldo 30 Juni 2009 13,162,473,000 8,624,230,550 19,839,260,032 2,632,494.600 557,504,480,

Saldo 1 Januari 2010 13,162,473,000 8,624,230,550 17,881,427,757 2,632,494,600 614,615,909,

Laba bersih - - - - 65,661,806,

Dividen kas 18 - - - - (23,692,451,

Selisih kurs karena penjabaranLaporan keuangan dalammata unag asing 2b - - (1,259,148,237) -

Saldo 30 Juni 2010 13,162,473,000 8,624,230,550 16,622,279,520 2,632,494,600 656,585,264,






konsolidasian


LAPORAN ARUS KAS KONSOLIDASIANUNTUK ENAM BULAN YANG BERAKHIR30 JUNI 2010 DAN 2009(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR SIX MONTHS ENDED


2010 2009

Arus kas dari Cash flows from aktivitas operasi operating activities

Penerimaan dari pelanggan 1,700,300,000,000 1,256,265,560,469 Receipts from customers Pembayaran kepada pemasok Payments to suppliers and

dan untuk beban usaha (1,214,188,000,000) (1,133,950,220,063) for operating expenses Pembayaran kepada karyawan Payments to employees

dan iuran pensiun (47,645,000,000) (50,072,711,094) and pension contribution

Kas yang dihasilkan dari Cash generated from operasi 438,467,000,000 72,242,629,312 operations

Penerimaan pendapatan bunga 3,928,022,243 253,975,775 Receipts of interest income Pembayaran pajak Payments of corporate

penghasilan badan (32,084,000,000) (14,504,589,808) income tax

Arus kas bersih diperoleh Net cash flows provided dari aktivitas operasi 410,311,022,243 57,992,015,279 from operating activities

Arus kas dari Cash flows from aktivitas investasi investing activities

Proceeds from sale of Hasil penjualan aset tetap 749,110,311 1.852,700,125 fixed assets Perolehan aset tetap (64,865,343,003) (59,466,667,850) Acquisitions of fixed assets

Arus kas bersih digunakan Net cash flows used in untuk aktivitas investasi (64,116,232,692) (57,613,967,725) investing activities

Arus kas dari aktivitas Cash flows from financing pendanaan activity

Pembayaran dividen kas - - Payment of cash dividends

Kenaikan/(penurunan) bersih Net increase /(decrease)in kas dan setara kas 346,194,789,551 378,047,554 cash and cash equivalents

Kas dan setara kas Cash and cash equivalents awal tahun 230,843,343,478 60,938,360,436 at beginning of the year

Dampak perubahan Effect of exchange rate kurs terhadap changes on cash and kas dan setara kas 2,341,691,372 - cash equivalents

Kas dan setara kas Cash and cash equivalents akhir tahun 579,379,824,401 61,316,407,990 at end of year





CATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN30 JUNI 2010 DAN 2009(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


1. UMUM 1. GENERAL

PT Aqua Golden Mississippi Tbk (“Perusahaan”)didirikan berdasarkan akta notaris Tan ThongKie, SH No. 24 tanggal 23 Pebruari 1973. Aktapendirian ini telah disahkan oleh MenteriKehakiman dalam Surat Keputusan No.Y.A.5/213/22 tanggal 19 Juni 1973 sertadiumumkan dalam Tambahan Berita Negara No.84 tanggal 19 Oktober 1973. Anggaran dasarPerusahaan telah beberapa kali mengalamiperubahan, perubahan terakhir dengan aktanotaris Lindasari Bachroem, SH No. 2 tanggal 9

November 2009 dalam rangka perubahantempat kedudukan Perseroan dari Jakarta Timurke Jakarta Selatan. Perubahan ini telah disahkanoleh Menteri Hukum dan Hak Asasi Manusiadalm Surat Keputusan No.AHU-62705.AH.01.02.Tahun 2009, tanggal 23Desember 2009.

PT Aqua Golden Mississippi Tbk (the “Company”)was established on 23 February 1973 based on notarial deed No. 24 of Tan Thong Kie, SH. The deed of establishment was approved by the Minister of Justice in Decision Letter No.Y.A.5/213/22 dated 19 June 1973 and was published in the Supplement State Gazette No. 84 dated 19 October 1973. The articles of association have been amended from time to time, the latest amendment was by the notarial deed No. 2 dated 9 November 2009 of Lindasari

Bachroem, SH relating the change of the Company’s domicili from East Jakarta to South Jakarta. This amendment was approved by the Minister of Laws and Human Right. In his Decision Letter No.AHU-62705.AH.01.02. Year 2009, dated 23 December 2009.

Perusahaan bergerak dalam industri pengolahandan pembotolan air minum dalam kemasan.Perusahaan memulai kegiatan usahakomersialnya pada tahun 1974.

The Company is engaged in the manufacturing and bottling of drinking water. The Company started its commercial operations in 1974.

Perusahaan berkedudukan di Jakarta danberkantor pusat di Jalan H.R. Rasuna Said,

Jakarta. Pabrik Perusahaan berlokasi di Bekasi,Citeureup dan Mekarsari, Jawa Barat.

The Company is domiciled in Jakarta, and its head office is located at Jalan H.R. Rasuna Said ,

Jakarta. The Company’s factories are located in Bekasi, Citeureup and Mekarsari, West Java.

Induk Perusahaan adalah PT Tirta Investamadan induk utama Perusahaan adalah GroupeDanone, sebuah Perusahaan yang berdiri danberkedudukan di Perancis.

The parent of the Company is PT Tirta Investama and the ultimate parent of the Company is Groupe Danone, a limited liability Company, which is incorporated and is domiciled in France.

Kegiatan Perusahaan yang dapat mempengaruhiefek yang diterbitkan (corporate action ) sejaktanggal penawaran umum perdana sampaidengan tanggal 30 Juni 2010 adalah sebagaiberikut:

The Company’s corporate actions from the date of its initial public offering up to 30 June 2010 are as follows:

Tanggal/Date Kebijakan Perusahaan/

Nature of corporate actions

Sahamditempatkandan disetor

penuh/Number of

issued and fully paid shares

Nilai nominalper saham/

Par value per share

1 Maret/ March 1990 Penawaran umum perdana sebesar6.000.000 saham/ Initial public offering of 6,000,000 shares 6,000,000 1,000








1. UMUM (lanjutan) 1. GENERAL (continued)

Tanggal/Date Kebijakan Perusahaan/

Nature of corporate actions

Sahamditempatkandan disetor

penuh/Number of

issued and fully paid shares

Nilai nominalper saham/

Par value per share

13 Oktober/ October Saham bonus dengan ketentuan satu (1)1994 saham baru untuk setiap dua (2) saham

yang dimiliki/

Bonus stock with requisite of one (1) new share for every two (2)existing shares held 3,000,000 1,000

16 Oktober/ October Saham bonus dengan ketentuan tiga (3)1995 saham baru untuk setiap sepuluh (10)

saham yang dimiliki/ Bonus stock with requisite of three (3) new shares for every ten (10)existing shares held 2,700,000 1,000

8 Agustus/ August Dividen saham dengan ketentuan satu (1)1997 saham baru untuk setiap delapan (8) saham

yang dimiliki/ Stock dividend with requisite of one (1) new share for every eight (8)existing shares held 1,462,473 1,000

Jumlah saham ditempatkan dan disetor penuh/ Number of issued and fully paid shares 13,162,473

Seluruh saham Perusahaan tercatat pada BursaEfek Indonesia (dahulu Bursa Efek Jakarta danSurabaya).

All of the Company’s shares are listed in the Indonesia Stock Exchange (formerly Jakarta and Surabaya Stock Exchanges).

Perusahaan mempunyai kepemilikan secaralangsung pada anak perusahaan IBIC SendirianBerhad (“IBIC Sdn Bhd”),yang berdomisili diBrunei Darussalam. IBIC memulai kegiatankomersial pada tahun 1991. Pada tanggal 30Juni 2010 dan 2009 memiliki jumlah asetmasing-masing sebesar Rp 58 miliar dan Rp 59miliar. Aktivitas utamanya sama denganPerusahaan.

The Company has direct ownership in IBIC Sendirian Berhad (“IBIC Sdn Bhd”), which is domiciled in Brunei Darussalam. IBIC started its commercial operation in 1991. As at 30 June 2010 and 2009, the total assets is Rp 58 billion and Rp 59 billion, respectively. The main activity is the same with the Company.

Kepemilikan pemegang saham minoritas atasIBIC Sendirian Berhad sebesar 20% dipegangoleh PT Tirta Investama, pemegang sahamutama Perusahaan.

Minority ownership of IBIC Sendirian Berhad of 20% is held by PT Tirta Investama, the major shareholder of the Company.








1. UMUM (lanjutan) 1. GENERAL (continued)

Pada tanggal 30 Juni 2010 and 2009, susunanDewan Komisaris dan Direksi Perusahaanadalah sebagai berikut:

As at 30 June 2010 and 2009, the composition of the Company’s Board of Commissioners and Directors were as follows:

2010 2009

DEWAN KOMISARIS BOARD OF COMMISSIONERS

Komisaris Utama Lisa Tirto Utomo Lisa Tirto Utomo President Commissioner Komisaris Independen R. Soekardi R. Soekardi Independent Commissioner Komisaris Janto Utomo Janto Utomo Commissioner

DEWAN DIREKSI BOARD OF DIRECTORS Presiden Direktur Parmaningsih S.E. Parmaningsih S.E. President Director Direktur Theresia Lianawaty

SetionegoroTheresia Lianawaty

SetionegoroDirectors

Bastian Willy MatheusTannizar

Burhan Sutanto

2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Laporan keuangan konsolidasian Perusahaandan anak perusahaan telah disusun oleh Direksidan diselesaikan pada tanggal 30 Juli 2010.

The consolidated financial statements of the Company and its subsidiary were prepared by the Directors and were completed on 30 July 2010.

Berikut ini adalah kebijakan akuntansi pentingyang diterapkan dalam penyusunan laporankeuangan konsolidasian, yang sesuai denganprinsip akuntansi yang berlaku umum diIndonesia.

Presented below are the summary of significant accounting policies adopted in preparing the consolidated financial statements, which are in conformity with accounting principles generally accepted in Indonesia.

a. Dasar penyusunan laporan keuangankonsolidasian

a. Basis of preparation of the consolidated financial statements

Laporan keuangan konsolidasian disusundengan dasar harga perolehan, kecualiuntuk aset tetap tertentu yang telah dinilaikembali sesuai dengan PeraturanPemerintah yang berlaku.

The consolidated financial statements were prepared on the basis of historical costs,except for certain fixed assets which are stated at revalued amounts in accordance with the Government Regulations.

Laporan keuangan konsolidasian jugadisusun berdasarkan konsep akrual kecualiuntuk laporan arus kas konsolidasian.

The consolidated financial statements were also prepared on the basis of the accrual concept except for the consolidated statement of cash flows.

Laporan arus kas konsolidasian disusundengan menggunakan metode langsungdengan mengelompokkan arus kas kedalam kegiatan operasi, investasi danpendanaan.

The consolidated statement of cash flow was prepared using the direct method by classifying cash flows on the basis of operating, investing and financing activities.

Untuk tujuan laporan arus kaskonsolidasian, kas dan setara kasmencakup kas, bank dan investasi jangkapendek yang jatuh tempo dalam waktu tigabulan atau kurang, setelah dikurangi

cerukan, jika ada.

For the purpose of the consolidated statements of cash flows, cash and cash equivalents include cash on hand, cash in banks and short-term investments with a maturity of three months or less, net of

overdrafts, if any.








2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING(lanjutan)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

a. Dasar penyusunan laporan keuangankonsolidasian (lanjutan)

a. Basis of preparation of the consolidated financial statements (continued)

Kas dan setara kas yang dibatasi untuktujuan tertentu disajikan sebagai “Kas dansetara kas yang dibatasi penggunaannya”.

Cash and cash equivalents which are restricted for special purposes are presented as “Restricted cash and cash equivalents”.

Penyusunan laporan keuangankonsolidasian sesuai dengan prinsipakuntansi yang berlaku umum di Indonesia

mengharuskan manajemen untuk membuatestimasi dan asumsi yang mempengaruhi jumlah aktiva dan kewajiban danpengungkapan aset dan kewajiban kontinjenpada tanggal laporan keuangankonsolidasian serta jumlah pendapatan danbeban selama periode pelaporan. Hasilaktual dapat berbeda dengan jumlah yangdiestimasi.

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in Indonesia

requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.

b. Prinsip-prinsip konsolidasi b. Principles of consolidation

Laporan keuangan konsolidasian meliputilaporan keuangan Perusahaan dan anakperusahaan, IBIC Sendirian Berhad (“IBICSdn. Bhd.”).

The consolidated financial statements include the accounts of the Company and its subsidiary, IBIC Sendirian Berhad (“IBIC Sdn.Bhd.”).

Kebijakan akuntansi yang digunakan dalammenyusun laporan keuangan konsolidasiantelah diterapkan secara konsisten dalamsemua hal yang material oleh anakperusahaan, kecuali dinyatakan lain.

The accounting policies adopted in preparing the consolidated financial statements have been consistently applied in all material respects by the subsidiary, unless otherwise stated.

Pengaruh dari seluruh transaksi dan saldoyang material antara Perusahaan dan anakperusahaan telah dieliminasi dalampenyajian laporan keuangan konsolidasian.

The effect of all material transactions and balances between the Company and its subsidiary has been eliminated in preparing the consolidated financial statements.

Hak minoritas atas hasil usaha dan ekuitasanak perusahaan disajikan terpisah baikpada laporan laba rugi maupun neraca

konsolidasian.

Minority interest in the result and equity of a subsidiary is presented separately in the consolidated statements of income and

balance sheets.

c. Transaksi dengan pihak yang mempunyaihubungan istimewa

c. Related party transactions

Perusahaan dan anak perusahaanmempunyai transaksi dengan pihak-pihakyang mempunyai hubungan istimewa.Definisi pihak yang mempunyai hubunganistimewa yang dipakai adalah definisi yangsesuai dengan yang diatur dalam PSAKNo. 7 “Pengungkapan Pihak-pihak yangMempunyai Hubungan Istimewa”.

The Company and its subsidiary have transactions with related parties. The definition of related parties used is in accordance with PSAK No.7 “Related Party Disclosures”.










c. Transaksi dengan pihak yang mempunyaihubungan istimewa (lanjutan)

c. Related party transactions (continued)

Seluruh transaksi dan saldo yang materialdengan pihak-pihak yang mempunyaihubungan istimewa telah diungkapkandalam catatan atas laporan keuangankonsolidasian.

All significant transactions and balances with related parties are disclosed in the notes to the consolidated financial statements.

d. Penjabaran mata uang asing d. Foreign currency translation

Transaksi dan saldo Transactions and balances

Laporan keuangan konsolidasian disajikandalam mata uang Rupiah

Transaksi dalam mata uang asingdijabarkan ke mata uang Rupiah denganmenggunakan kurs yang berlaku padatanggal transaksi. Pada tanggal neraca, asetdan kewajiban moneter dalam mata uangasing dijabarkan dengan kurs yang berlakupada tanggal tersebut.

The consolidated financial statements are presented in Rupiah.

Transactions denominated in foreign currencies are converted into Rupiah at the exchange rate prevailing at the date of the transaction. At the balance sheet date,monetary assets and liabilities in foreign currencies are translated at the exchange rates prevailing at that date.

Keuntungan dan kerugian dari selisih kurs

yang timbul dari transaksi dalam mata uangasing atau dari penjabaran aset dankewajiban moneter dalam mata uang asing,diakui pada laporan laba rugi konsolidasian.

Exchange gains and losses arising on

transactions in foreign currency or on the translation of foreign currency monetary assets and liabilities are recognised to the consolidated statements of income.

Penjabaran laporan keuangan anakperusahaan

Translation of subsidiary financial statement

Aset dan kewajiban IBIC Sdn. Bhd.dijabarkan ke dalam mata uang Rupiahdengan menggunakan nilai tukar yangberlaku pada tanggal neraca. Pendapatandan beban dijabarkan dengan nilai tukarrata-rata sepanjang tahun yangbersangkutan sebagai berikut:

The assets and liabilities IBIC Sdn. Bhd.translated into Rupiah using the exchange rates ruling on the balance sheets date.Revenue and expenses are translated using the average rates for the year as follows:

2010 2009

Rupiah Rupiah

Aset dan kewajibanDolar Brunei 6,481.17 7,054.69

Assets and liabilities Brunei Dollars

Pendapatan dan bebanDolar Brunei 6,565.87 7,387.13

Revenue and expenses Brunei Dollars

Selisih yang timbul dari penjabaran laporankeuangan tersebut disajikan dalam akun “Selisihkurs penjabaran laporan keuangan” dalamkelompok ekuitas pada neraca konsolidasian.

The resulting differences arising from translation of the financial statements are presented as "Currency translation difference" under the equity section in the consolidated balance sheets.










e. Piutang usaha dan piutang lain-lain e. Trade and other receivables

Piutang usaha dan piutang lain-lain disajikansebesar jumlah bersih setelah dikurangidengan penyisihan piutang ragu-ragu, yangberdasarkan telaah atas kolektibilitas saldopiutang pada akhir tahun. Piutangdihapuskan pada saat piutang tersebutdipastikan tidak akan tertagih.

Trade and other receivables are recorded net of an allowance for doubtful accounts, based on a review of the collectibility of outstanding amounts at year end. Accounts are written-off as bad debts at the time in which they are determined to be not collectible.

f. Persediaan f. Inventories

Persediaan dinyatakan pada nilai terendahantara harga perolehan dan nilai realisasibersih.

Inventories are stated at the lower of cost or net realisable value.

Harga perolehan ditentukan denganmenggunakan metode ‘masuk pertama,keluar pertama’.

Cost is determined by the first-in, first-out method.

Harga perolehan barang jadi terdiri daribiaya bahan baku, tenaga kerja serta alokasibiaya pabrikasi yang dapat diatributkansecara langsung baik yang bersifat tetap

maupun variabel.

Cost of finished goods comprises material,labor and an appropriate proportion of directly attributable fixed and variable overheads.

Nilai realisasi bersih adalah estimasi hargapenjualan dalam kegiatan usaha normaldikurangi estimasi biaya penyelesaian danestimasi beban penjualan.

Net realisable value is the estimated selling price in the ordinary course of business, less an estimation of the costs of completion and selling expenses.

Penyisihan untuk persediaan usang danlambat bergerak ditentukan berdasarkanestimasi penggunaan atau penjualanmasing-masing jenis persediaan pada masamendatang.

Provision for obsolete and slow moving inventory is determined on the basis of estimated future usage or sale of individual inventory items.

g. Aset dan kewajiban keuangan g. Financial assets and liabilities

Pada tahun 2010, Perusahaan melakukanpenerapan Pernyataan Standar AkuntansiKeuangan (“PSAK”) No.50 (Revisi 2006)“Instrumen Keuangan: Penyajian danPengungkapan” dan PSAK No.55(Revisi 2006)”Instrumen Keuangan:Pengakuan danPengukuran”, yang keduanya wajib diterapkanuntuk tahun buku yang dimulai pada tanggal 1Januari 2010.

Perusahaan mengklasifikasikan instrumenkeuangan dalam bentuk asset keuangandan kewajiban keuangan.

In 2010, the company adopted Statement of Financial Accounting Standard (“PSAK”)No.50 (Revised 2006) “Financial Instruments: Presentation and Disclosures” and PSAK No.55 (Revised 2006) “Financial Instrument: Recognition and Measurement” which are both mandatory for annual periods beginning 1 January 2010.

The Company classifies financial instrument into financial assets and financial liabilities.








h. Aset tetap dan penyusutan h. Fixed assets and depreciation

Aset tetap dicatat sebesar biaya perolehansetelah dikurangi dengan penyusutan. Biayaperolehan mencakup semua pengeluaranyang terkait secara langsung denganperolehan aset tetap tersebut.

Fixed assets are stated at cost, less depreciation. Cost includes expenditure that is directly attributable to the acquisition of the items

Sehubungan dengan penerapan PernyataanStandar Akuntansi Keuangan (PSAK) No.16(Revisi 2007) “Aset Tetap” Perusahaanmemilih untuk menggunakan metode biaya,

sehingga selisih penilaian kembali aset tetapdibagian ekuitas telah direklasifikasi ke saldolaba.

In accordance with the implementation of the Statement of Financial Accounting Standards (SFAS) no.16 (Revised 2007) “Fixed Assets”,the Company adopted cost method,

accordingly the fixed assets revaluation reserve in the equity section was reclassified to retained earnings.

Biaya-biaya setelah pengakuan awal asetdiakui sebagai bagian dari nilai tercatat asetatau sebagai aset yang terpisah,sebagaimana mestinya, hanya apabilakemungkinan besar grup akan mendapatkanmanfaat ekonomis masa depan berkenaandengan aset tersebut dan biaya perolehanaset dapat diukur dengan handal. Nilaitercatat komponen yang diganti tidak lagi

diakui. Semua perbaikan dan pemeliharaandibebankan ke dalam laporan laba rugikonsolidasian selama periode dimanaperbaikan dan pemeliharaan tersebut terjadi.

Subsequent cost are included in the asset’s carrying amonut or recognised as a separate asset, as appropriate, only it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised.All others repairs and maintenance are charged to the consolidated income

statement during the financial period in which they are incurred.

Tanah tidak disusutkan. Land is not depreciated.

Penyusutan aset tetap selain tanah dihitungdengan menggunakan metode garis lurusuntuk mengalokasikan biaya perolehanhingga mencapai nilai sisa sepanjangestimasi masa manfaatnya sebagai berikut:

Depreciation of fixed assets except land is calculated using the straight line method to allocate their cost to their residual values over their estimated useful lives, as follows:

Tahun / Year

Bangunan dan prasarana 9 - 33 Buildings and improvements Mesin dan peralatan pabrik 3 - 10 Machinery and factory equipment Botol, krat dan dispenser 4 – 8 Bottles, shells and dispensers Kendaraan 5 Transportation equipment Peralatan dan perabot kantor 4 –10 Office furniture and fixtures

Nilai residu dan umur manfaat setiap asetditelaah, dan disesuaikan jika perlu, padasetiap tanggal neraca.

The assets’residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.










h. Aset tetap dan penyusutan (lanjutan) h. Fixed assets and depreciation (continued)

Nilai tercatat aset diturunkan menjadi nilaiyang dapat diperoleh kembali jika nilaitercatat aset lebih besar dari estimasi nilaiyang dapat diperoleh kembali.

An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

Keuntungan dan kerugian yang timbul daripelepasan aset tetap ditentukan sebesarperbedaan antara penerimaan hasil

pelepasan dan jumlah tercatat aset tersebutdan diakui dalam akun ”Penghasilan/(beban)lain-lain di laporan laba rugi konsolidasian.

Gains and losses on disposals of fixed assets are determined by comparing the procrrds with the carrying amount and are recognized

within “Others income/(expenses)” in the consolidated income statement.

Aset dalam penyelesaian dinyatakansebesar biaya perolehan dan disajikansebagai bagian dari aset tetap. Akumulasibiaya perolehan akan dipindahkan kemasing-masing aset tetap yangbersangkutan pada saat aset tersebutselesai dikerjakan dan siap digunakan.Penyusutan mulai dibebankan pada saataset tersebut siap digunakan.

Construction in progress is stated at historical cost and is presented as part of fixed assets.The accumulated costs will be reclassified to the appropriate fixed assets account when construction is substantially completed and the asset is ready for its intended use.Depreciation is charged from the date when the assets are available for use.

i. Goodwill i. Goodwill

Goodwill merupakan selisih antara hargaperolehan investasi dan nilai wajar asetbersih anak perusahaan yang diakuisisi.Goodwill diamortisasi selama 20 tahundengan menggunakan metode garis lurusdengan perhitungan bahwa taksiran masamanfaat ekonomis aset utama yangdiakuisisi adalah 20 tahun.

Goodwill represents the excess of the acquisition cost over the fair value of the net assets of the acquired entities. Goodwill is amortised using the straight line method over 20 years with a consideration that the estimated useful lives of the main assets acquired are 20 years.

j. Pendapatan dan Beban j. Revenue and Expenses

Pendapatan bersih adalah pendapatanPerusahaan dan anak perusahaan yangdiperoleh dari penjualan produk setelah

dikurangi diskon, retur dan pajakpertambahan nilai.

Net revenue represent revenue earned from the sale of the Company’s and its subsidiary’s products net of discounts, returns and value

added tax.

Pendapatan dari penjualan barang diakuipada saat risiko dan manfaat kepemilikanbarang secara signifikan telah berpindahkepada pelanggan.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to customers.

Pendapatan jasa diakui pada saat jasadiberikan selama jumlah tersebut dapatdiukur dengan andal.

Revenue from the rendering of services is recognised when services are performed,provided that the amount can be measured reliably.

Beban diakui pada saat terjadinyaberdasarkan metode akrual.

Expenses are recognised when incurred on an accrual basis.










k. Perpajakan k. Taxation

Pajak penghasilan tangguhan disajikandengan menggunakan metode kewajiban(balance sheet liability method) untuk semuaperbedaan temporer antara dasarpengenaan pajak atas aset dan kewajibandengan nilai tercatatnya dalam laporankeuangan konsolidasian. Tarif pajak yang

berlaku saat ini dipakai untuk menentukanpajak penghasilan tangguhan.

Deferred income tax is provided using the liability method for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Currently enacted tax rates are used to determine deferred income tax.

Aset pajak tangguhan diakui apabila besarkemungkinan jumlah penghasilan kenapajak di masa mendatang akan memadaiuntuk dikompensasi dengan perbedaantemporer yang dapat dikurangkan.

Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences can be utilised.

Koreksi terhadap kewajiban perpajakandiakui saat surat ketetapan pajak diterima,atau jika mengajukan keberatan/banding,pada saat keputusan atas

keberatan/banding tersebut telah ditetapkan.

Amendments to taxation obligations are recorded when an assessment is received or,if objected to/appealed against, when the results of the objection/appeal are

determined.

l. Uang jaminan botol dan krat l. Deposits on returnable bottles and shells

Uang jaminan botol dan krat diakuiberdasarkan tarif jaminan yang berlaku padatanggal transaksi.

The deposits on returnable bottles and shells are recognised based on deposit rates prevailing at the date of the transactions.

Pada tanggal neraca, Perusahaanmelakukan telaah untuk mengetahui apakahada keadaan yang mengindikasikan bahwanilai tercatat uang jaminan tersebut besar

kemungkinan tidak dikembalikan kepadapelanggan.

At balance sheet date, the Company performs a review to determine whether there are any circumstances indicating a portion of the carrying amount of the deposit may not be

returned to customers.

Uang jaminan dihapuskan sebesar jumlahyang diestimasi oleh manajemen tidak akandikembalikan kepada pelangganberdasarkan telaah tersebut diatas.

Deposits are written off in an amount estimated by management based on the above review.










m. Imbalan kerja m. Employee benefits

Imbalan kerja jangka pendek Short-term employee benefits

Imbalan kerja jangka pendek diakui padasaat terhutang kepada karyawan.

Short-term employee benefits are recognised when they accrue to the employees.

Imbalan pensiun dan imbalan pasca-kerjalainnya

Pension benefits and other post- employment benefits

Perusahaan dan anak perusahaan memilikiprogram pensiun iuran pasti. The Company and subsidiary have defined contribution pension plans.

Program pensiun iuran pasti adalah programpensiun dimana Perusahaan dan anakperusahaan akan membayar iuran tetapkepada sebuah entitas yang terpisah (danapensiun) dan tidak memiliki kewajibanhukum atau konstruktif untuk membayarkontribusi lebih lanjut.

A defined contribution plan is a pension plan under which the Company and subsidiary pay fixed contributions into a separate entity (pension fund) and have no legal or constructive obligation to pay further contributions.

Kewajiban imbalan pensiun merupakan nilaikini kewajiban imbalan pasti pada tanggalneraca dikurangi dengan nilai wajar aktiva

program yang berasal dari program yangada dan penyesuaian atas keuntungan ataukerugian aktuarial dan biaya jasa lalu yangbelum diakui. Kewajiban ini dihitung setiaptahun oleh aktuaris independen denganmenggunakan metode projected unit credit .Nilai kini kewajiban imbalan pasti ditentukandengan mendiskontokan estimasi arus kasdi masa depan dengan menggunakantingkat bunga obligasi jangka panjang yangberkualitas tinggi dalam mata uang Rupiahyang sesuai dengan jatuh tempo kewajibanimbalan pensiun yang bersangkutan.

The pension benefits obligation is the present value of the defined benefit obligation at the balance sheets date less the fair value of plan

assets from existing program, together with adjustments for unrecognised actuarial gains or losses and past service costs. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality long-term bonds that are denominated in Rupiah and are of corresponding maturities to the pension obligation.

Keuntungan dan kerugian aktuarial yangtimbul dari penyesuaian dan perubahandalam asumsi-asumsi aktuarial yang

jumlahnya melebihi jumlah yang lebih besardari 10% dari nilai wajar aktiva program atau10% dari nilai kini imbalan pasti, dibebankanatau dikreditkan ke laporan laba rugikonsolidasian selama sisa masa kerja rata-rata yang diharapkan dari karyawantersebut.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions in excess of the greater of 10% of the fair value of plan assets or 10% of the present value of the defined benefit obligations are charged or credited to consolidated statements of income over the employees’ expected average remaining service lives.










m. Imbalan kerja (lanjutan) m. Employee benefits (continued)

Imbalan pensiun dan imbalan pasca-kerjalainnya (lanjutan)

Pension benefits and other post- employment benefits (continued)

Biaya jasa lalu diakui secara langsung dilaporan laba rugi konsolidasian, kecualiperubahan terhadap program pensiuntersebut mengharuskan karyawan tetapbekerja selama periode waktu tertentu untuk

mendapatkan hak tersebut (periode vesting ).Dalam hal ini, biaya jasa lalu diamortisasisecara garis lurus sepanjang periodevesting . Biaya jasa kini diakui sebagai bebanperiode berjalan.

Past service costs are recognised immediately in the consolidated statements of income, unless the changes to the pension plan are conditional on the employees remaining in service for a specified period of

time (the vesting period). In this case, the past service costs are amortised on a straight-line basis over the vesting period.Current service cost is expensed in the prevailing period.

Sesuai dengan Undang-undang (“UU”) No.13/2003 Perusahaan dan anak perusahaanharus menyediakan imbalan pensiunminimal yang diatur dalam UU No. 13/2003,yaitu kewajiban imbalan pasti. Jika imbalanpensiun berdasarkan UU No. 13/2003 lebihbesar daripada program pensiun yang ada,maka Perusahaan dan anak perusahaan

membukukan selisih tersebut sebagaikewajiban imbalan kerja.

In accordance with Law No. 13/2003, the Company and subsidiary are required to provide minimum pension benefits as stipulated in Law No. 13/2003, which represents an underlying defined benefit obligation. If the pension benefits based on Law No. 13/2003 are higher than those based on the existing pension plan, the Company

and subsidiary record the difference as an employee benefits obligation.

Pesangon pemutusan kontrak kerja Termination benefits

Pesangon pemutusan kontrak kerjaterhutang ketika karyawan dihentikankontrak kerjanya sebelum usia pensiunnormal. Perusahaan mengakui pesangonpemutusan kontrak kerja ketika Perusahaanmenunjukkan komitmennya untukmemutuskan kontrak kerja dengankaryawan berdasarkan suatu rencana formalterperinci yang kecil kemungkinannya untukdibatalkan. Pesangon yang akan dibayarkan

dalam waktu lebih dari 12 bulan setelahtanggal neraca didiskontokan untukmencerminkan nilai kini.

Termination benefits are payable when an employee’s employment is terminated before the normal retirement date. The Company recognises termination benefits when it is demonstrably committed to terminate the employment of current employees according to a detailed formal plan and the possibility to withdraw the plan is low. Benefits falling due more than 12 months after balance sheet date are discounted at present value.

Imbalan jangka panjang lainnya Other long-term benefits

Imbalan jangka panjang lainnya seperti cutiberimbalan jangka panjang dihitungberdasarkan peraturan Perusahaan dandengan metode projected credit unit dandidiskontokan ke nilai kini. Kewajiban inidinilai setiap tahun oleh aktuaris independenyang berkualifikasi.

Other long-term benefit such as long service leave are calculated in accordance with the Company’s regulations and using projected credit unit method and discounted to present value. The obligation is valued annually by an independent qualified actuary.










m. Imbalan kerja (lanjutan)

Imbalan jangka panjang lainnya(lanjutan)

Biaya jasa lalu dan keuntungan/kerugianaktuarial yang timbul dari penyesuaian danperubahan asumsi aktuarial dibebankanpada laba rugi tahun berjalan.

n. Pelaporan segmen

m. Employee benefits (continued)

Other long-term benefits (continued)

Past service costs and actuarial gains/losses arising from experience adjustment and changes in actuarial assumptions are charged immediately to current year

statement of income.

n. Segment reporting

Sebuah segmen usaha adalah sekelompokaktiva dan operasi yang menyediakanbarang atau jasa yang memiliki risiko sertatingkat pengembalian yang berbeda dengansegmen usaha lainnya. Sebuah segmengeografis menyediakan barang maupun jasadi dalam lingkungan ekonomi tertentu yangmemiliki risiko serta tingkat pengembalianyang berbeda dengan segmen operasilainnya yang berada dalam lingkungan

ekonomi lain.

A business segment is a group of assets and operations engaged in providing products or services that are subject to risks and returns that are different from those of other business segments. A geographical segment is engaged in providing products or services within a particular economic environment that are subject to risks and return that are different from those of segments operating in other economic environments.

o. Laba per saham o. Earnings per share

Laba per saham dihitung dengan membagilaba bersih dengan rata-rata tertimbang

jumlah saham biasa yang beredar padaperiode yang bersangkutan. Pada tanggal30 Juni 2010 dan 2009, tidak ada obligasikonversi, opsi atau waran yang dapatmenimbulkan pengaruh dilusi pada laba persaham. Oleh karena itu, laba per sahamdilusian sama dengan laba per saham biasa.

Earnings per share is calculated by dividing net income with the weighted-average number of ordinary shares outstanding during the period. As at 30 June 2010 and 2009,there were no convertible securities, options or warrants that would give rise to a dilution of earnings per share. Therefore diluted earnings per share is equivalent to basic earnings per share.

p. Deviden p. Dividends

Pembagian dividen final diakui sebagaikewajiban ketika dividen tersebut disetujuiRapat Umum Pemegang Saham.Pembagian dividen interim diakui sebagaikewajiban ketika dividen disetujuiberdasarkan keputusan rapat Direksi sesuaidengan Anggaran Dasar Perusahaan.

Final dividend distributions are recognised as a liability when the dividends are approved in the General Meeting of the Shareholders.Interim dividend distributions are recognised as a liability when the dividends are approved by a Board of Directors’ resolution in accordance with the Company’s Article of Association.








3. KAS DAN SETARA KAS 3. CASH AND CASH EQUIVALENTS

2010 2009

Kas Cash on hand Rupiah 21,770,728 22,000,000 Rupiah Dolar Brunei 27,765,332 75,576,894 Brunei Dollars

49,536,060 97,576,894

Bank - pihak ketiga Cash in banks - third parties Rupiah Rupiah - The Hongkong and Shanghai The Hongkong and Shanghai -

Banking Corporation Banking Corporation Limited (“HSBC”), Jakarta 2,692,220,732 7,670,093,556 Limited (“HSBC”), Jakarta

- Citibank N.A., Jakarta 533,054,381 1,532,856,927 Citibank N.A., Jakarta -- PT Bank Central Asia Tbk, PT Bank Central Asia Tbk, -

Jakarta 1,688,968,606 782,910,101 Jakarta Dolar AS US Dollars - Citibank N.A., Jakarta 347,691,763 1,633,539,831 Citibank N.A., Jakarta -- HSBC, Jakarta 684,592,500 1,206,760,784 HSBC, Jakarta -Euro Euro - HSBC, Jakarta 100,357,680 215,740,942 HSBC, Jakarta -- Citibank N.A., Jakarta 82,144,205 106,638,139 Citibank N.A., Jakarta -Dolar Brunei Brunei Dollars - Standard Chartered Bank, Standard Chartered Bank, -

Brunei 773,443,384 47,869,253,315 Brunei - HSBC, Brunei 6,893,702,952 - HSBC, Brunei -

- Bank Islam Brunei Darussalam Bank Islam Brunei Darussalam - Brunei 12,962,340 14,109,380 Brunei

13,809,138,543 61,031,902,975

Deposito berjangka - pihak ketiga Time deposits - third parties Dolar AS US Dollars - Standard Chartered Bank, Standard Chartered Bank, -

Brunei 40,348,847,894 - Brunei - HSBC, Jakarta 525,000,000,000 - HSBC, Jakaarta -Dolar Brunei Brunei Dollars - Standard Chartered Bank, Standard Chartered Bank, -

Brunei 241,099,524 262,434,468 Brunei - HSBC, Brunei 172,301,904 186,928,121 HSBC, Brunei -

565,762,249,322 449,362,589

579,620,923,925 61,578,842,458

Dikurangi: Less: Kas dan setara kas yang dibatasi Restricted cash and cash

penggunaannya equivalents - Guarantee deposit atas tenaga Guarantee deposits for -

kerja asing di Standard foreign employees at Chartered Bank, Brunei Standard Chartered Bank,(Dolar Brunei) (241,099,524) (262,434,468) Brunei (Brunei Dollars)

Jumlah kas dan setara kas 579,379,824,401 61,316,407,990 Total cash and cash equivalents








3. KAS DAN SETARA KAS (lanjutan) 3. CASH AND CASH EQUIVALENTS (continued)

Suku bunga deposito berjangka per tahun di atasadalah sebagai berikut:

The annual interest rates of the above time deposits are as follows:

2010 2009

Deposito Rupiah 5.35 – 5.50% - Rupiah deposits Deposito Dolar AS 0.04 - 0.07% 0.03 – 0,50% US Dollar deposits Deposito Dolar Brunei 0.40% 0.40% Brunei Dollar deposits

Pada tangggal 30 Juni 2010 dan 2009, tidakterdapat deposito berjangka yang dijaminkanuntuk kewajiban atau pinjaman lainnya.

At as 30 June 2010 and 2009, no time deposits are pledged as collateral for payables or loans.

4. PIUTANG USAHA 4. TRADE RECEIVABLES

2010 2009

Pihak ketiga Third parties Dolar Singapura Singapore Dollars - Field Catering & Supplies Pte. Field Catering & Supplies Pte -

Ltd., Singapura 2,050,068,971 1,706,305,562 Ltd., Singapore Dolar Brunei Brunei Dollars

- Piutang usaha anak perusahaan Subsidiary’s trade receivables - (berbagai pelanggan) 6,103,927,019 6,452,240,638 (various customers)

8,153,995,990 8,158,546,200 Dikurangi penyisihan piutang Less allowance for doubtful ragu-ragu (anak perusahaan) (279,377,314) (555,592,111) accounts (the subsidiary)

7,874,618,676 7,602,954,089

Rincian analisa umur piutang usaha adalahsebagai berikut:

The details of the ageing analysis of trade receivables are as follows:

2010 2009

Lancar 3,035,351,058 3,497,456,020 Current Lewat jatuh tempo: Overdue: 1 - 3 bulan 4,929,731,789 4,077,447,099 1 - 3 months 3 - 6 bulan 77,287,952 28,050,970 3 - 6 months 6 - 1 tahun 80,395,673 - 6 - 1 year Diatas 1 tahun 31,229,518 555,592,111 Above 1 year

8,153,995,990 8,158,546,200








4. PIUTANG USAHA (lanjutan) 4. TRADE RECEIVABLES (continued)

Perubahan penyisihan piutang ragu-ragu adalahsebagai berikut:

The changes in the allowance for doubtful accounts are as follows:

2010 2009

Saldo awal 278,176,084 599,125,244 Beginning balance Penambahan - - Additions Penghapusan - - Write off Pemulihan - - Recovery Selisih kurs penjabaran Currency translation

mata uang asing 1,201,230 (43,533,133) difference

Saldo akhir 279,377,314 555,592,111 Ending balance

Pihak yang mempunyaihubungan istimewa Related parties Rupiah Rupiah - PT Tirta Investama 247,377,211,211 594,277,257,583 PT Tirta Investama -

Rincian umur piutang usaha dari pihak yangmempunyai hubungan istimewa dihitung sejaktanggal faktur adalah sebagai berikut:

The details of trade receivables from related parties determined based on invoice dates are as follows:

2010 2009

Lancar 198,408,395,796 524,422,744,476 Current Lewat jatuh tempo 1- 3 bulan 48,968,815,415 69,854,513,107 Overdue 1 - 3 months

247,377,211,211 594,277,257,583

Berdasarkan hasil penelaahan keadaan akunpiutang masing-masing pelanggan pada akhirtahun, manajemen berkeyakinan bahwa nilaipenyisihan piutang ragu-ragu telah memadai

untuk menutup tidak tertagihnya piutang usaha.

Based on a review of the status of the individual receivable accounts at the end of the year, the management are of the opinion that allowance for doubtful accounts is sufficient to cover

uncollectible accounts.

Pada tangggal 30 Juni 2010 dan 2009, tidakterdapat piutang usaha yang dijaminkan untukkewajiban atau pinjaman lainnya.

At as 30 June 2010 and 2009, no trade receivables are pledged as collateral for payables or loans.

5. PIUTANG LAIN-LAIN 5. OTHER RECEIVABLES

Akun ini terutama meliputi pinjaman karyawandan uang muka karyawan. Pada tanggal 30 Juni2010 dan 2009, tidak terdapat pinjaman untukDewan Komisaris dan Dewan Direksi.

These accounts represent employee loans and employee cash advances. As at 30 June 2010 and 2009, there were no loans to the Board of Directors and Board of Commissioners.








6. PERSEDIAAN 6. INVENTORIES

2010 2009

Barang jadi 1,559,861,212 2,231,546,926 Finished goods Bahan baku 1,029,686,126 1,675,597,917 Raw materials Suku cadang 15,330,434,146 16,411,458,517 Spare parts Barang dalam perjalanan 283,421,564 - Goods in transit Bahan pembantu dan kemasan 7,590,073,122 6,242,699,414 Indirect materials and packaging Lain-lain 1,944,174,809 1,901,454,058 Others

27,737,650,979 28,462,756,832

Dikurangi penyisihan persediaan Less provision for obsolete usang dan lambat bergerak: and slow moving inventory: - Suku cadang (7,919,322,144) (6,016,352,964) Spare parts - - Bahan pembantu dan kemasan (264,597,761) (112,387,982) Indirect materials and packaging - - Barang jadi (80,744,000) - Finished goods -

(8,264,663,905) (6,128,740,946)

19,472,987,074 22,334,015,886

Pada tangggal 30 Juni 2010 dan 2009, tidakterdapat persediaan yang dijaminkan untukkewajiban atau pinjaman lainnya.

At as 30 June 2010 and 2009, no inventories are pledged as collateral for payables or loans.

Perubahan penyisihan persediaan usang danlambat bergerak adalah sebagai berikut:

The changes in the allowance for obsolete and slow moving inventory are as follows:

2010 2009

Saldo awal 8,065,438,484 2,296,740,946 Beginning balance Penambahan 2,218,250,515 3,832,000,000 Additions Pemusnahan (2,019,025,094) - Write off

Saldo akhir 8,264,663,905 6,128,740,946 Ending balance

Penambahan penyisihan persediaan usang dan

lambat bergerak dicatat sebagai beban pokokpendapatan.

The addition in the allowance for obsolete and

slow moving inventory aws charged to cost of revenue.

Pada tanggal 30 Juni 2010, persediaan Gruptelah diasuransikan terhadap risiko kebakarandan risiko lainnya dengan nilai pertanggungansejumlah Rp 30,400,000,000 dan B$ 500.000(2009: Rp 39.515.122.650 dan B$ 500.000).Menurut pendapat manajemen, pertanggunganasuransi telah memadai untuk menutupikerugian yang mungkin timbul dari risiko-risikotersebut di atas.

As at 30 June 2010 inventories owned by the Group were insured against losses from fire and other risks for Rp 30,400,000,000 and B$ 500,000 (2009: Rp 39,515,122,650 and B$ 500,000). In the management’s opinion, the insurance is adequate to cover possible losses arising from such risks.








7. UANG MUKA 7. ADVANCES

2010 2009

Pembelian persediaan Purchases of inventories Pihak ketiga Third parties Dolar AS 40,135,388,608 54,139,736,180 US Dollars Rupiah 9,450,001.341 - Rupiah Dolar Singapura 59,377,260 59,377,260 Singapore Dollars Yen Jepang 353,848,500 1,003,296,326 Yen Japan Euro 3,534,482,966 2,933,930,873 Euro

53,533,098,675 58,136,340,639

Akun ini terutama merupakan uang mukauntuk pembelian bahan baku resin dan barang

jadi.

This account mainly represents advances for purchasing of the raw materials - resin and finished goods.

8. ASET TETAP 8. FIXED ASSETS

2010

Awal/Beginning

Penambahan/Additions

Pengurangan/Disposals

Lain-lain/Others Akhir/Ending

Nilai perolehan Acquisition cost Tanah 8,809,072,700 - - - 8,809,072,700 Land

Bangunan dan Buildings and prasarana 102,691,840,238 5,225,289,280 (136,401,152) (316,438,986) 107,464,289,380 improvements

Mesin dan peralatan Machinery and pabrik 364,640,640,298 17,045,601,356 (535,444,228) (841,132,704) 380,309,664,722 factory equipment

Botol dan krat 389,892,700,958 42,042,729,093 (21,814,600,249) (80,853,599) 410,039,976,203 Bottles and shells Dispenser 720,443,034 - - (23,393,200) 697,049834 Dispensers

Transportation Kendaraan 4,997,482,005 32,700,000 - (88,720,806) 4,941,461,199 equipment Peralatan dan Office furniture and

perabot kantor 12,461,465,372 816,219,793 (252,560,500) (39,564,198) 12,985,560,467 fixtures

884,213,644,605 65,162,539,522 (22,739,006,129) (1,390,103,493) 925,247,074,505Aset tetap dalam Construction in

penyelesaian 7,644,632,539 (297,196,519) - - 7,347,436,020 progress

891,858,277,144 64,865,343,003 (22,739,006,129) (1,390,103,493) 932,594,510,525

Akumulasi Accumulated penyusutan depreciation

Bangunan dan Buildings and

prasarana 40,504,333,478 2,377,540,643 (26,668,931) (416,361,388) 43,804,794.750 improvements Mesin dan peralatan Machinery and pabrik 232,573,120,018 16,763,644,473 (504,661,911) 978,088,558 253,818,495,536 factory equipment

Botol dan krat 244,950,062,087 33,869,018,305 (21,813,093,251) (38,125,334) 278,235,589,761 Bottles and shells Dispenser 704,138,447 4,103,669 - (22,916,719) 685,325,397 Dispensers

Transportation Kendaraan 4,472,736,360 90,018,436 - (75,945,251) 4,486,809,545 equipment Peralatan dan Office furniture and


533,066,571,248 53,566,195,556 (22,565,343,370) 390,696,424 564,458,119,858

Nilai buku 358,791,705,896 368,136,390,667 Net book value








8. ASET TETAP (lanjutan) 8. FIXED ASSETS (continued)

2009

Awal/Beginning

Penambahan/Additions

Pengurangan/Disposals

Lain-lain/Others Akhir/Ending

Nilai perolehan Acquisition cost Tanah 7,141,297,700 2,770,740,000 - - 9,912,037,700 Land Bangunan dan Buildings and

prasarana 93,915,180,659 2,249,786,503 - (804,038,133) 95,360,929,029 improvements Mesin dan peralatan Machinery and

pabrik 350,033,306,130 15,148,532,843 (1,328,651) 3,981,139,670 369,161,649,992 factory equipment Botol dan krat 338,204,572,236 35,840,950,844 (15,730,968,072) (335,686,301) 357,978,868,707 Bottles and shells Dispenser 818,171,568 - - (59,439,658) 758,731,910 Dispensers

Transportation Kendaraan 14,180,686,114 33,000,000 (5,920,532,625) (198,349,394) 8,094,804,095 equipment Peralatan dan Office furniture and


819,864,588,378 56,486,653,842 (21,671,033,348) 2,487,236,115 857,167,444,987Aset tetap dalam Construction in

penyelesaian 7,157,179,465 2,980,014,008 - - 10,137,193,473 progress

827,021,767,843 59,466,667,850 (21,671,033,348) 2,487,236,115 867,304,638,460

Akumulasi Accumulated penyusutan depreciation

Bangunan dan Buildings and prasarana 37,370,221,416 2,310,612,510 - (759,265,269) 38,921,568,657 improvements

Mesin dan peralatan Machinery and pabrik 208,218,384,740 14,916,600,056 (1,326,651) 7,320,450,513 230,454,106,658 factory equipment

Botol dan krat 222,131,651,033 27,947,665,624 (15,730,968,072) (154,049,851) 234,194,298,734 Bottles and shells Dispenser 790,150,086 4,616,956 - (57,611,690) 737,155,352 Dispensers

Transportation Kendaraan 13,689,523,271 115,164,663 (5,853,642,424) (186,192,019) 7,764,853,491 equipment Peralatan dan Office furniture and


494,505,544,070 45,971,647,708 (21,591,420,747

) 6,079,758,916 524,965,529,947

Nilai buku 332,516,223,773 342,339,108,513 Net book value

Lain-lain terdiri dari pemindahan ataureklasifikasi, selisih kurs penjabaran mata uangasing, dan penurunan nilai.

Others consist of transfers or reclassifications,currency translation difference and impairment.

Perhitungan keuntungan penjualan aset tetapsetelah dikurangi penghapusan adalah sebagaiberikut:

The calculation of the gain on sale of fixed assets net off write-off is as follows:

2010 2009

Hasil penjualan 749,110,311 1,852,700,125 Sales proceeds Nilai buku bersih (50,614,684) - Net book value

Keuntungan penjualan aset tetap 698,495,627 1,852,700,125 Gain on sale of fixed assets Penghapusan aset tetap - - Fixed assets write off

698,495,627 1,852,700,125

Penyusutan dialokasikan sebagai berikut: Depreciation was allocated as follows:

2010 2009

Beban pokok pendapatan 52,876,850,210 45,337,190,753 Cost of revenue Beban penjualan 18,955,535 28,283,991 Selling expenses

General and administrative Beban umum dan administrasi 670,389,811 606,172,964 expenses

53,566,195,556 45,971,647,708








8. ASET TETAP (lanjutan) 8. FIXED ASSETS (continued)

Perubahan penurunan nilai aset tetap adalahsebagai berikut:

The changes in the fixed assets impairment accounts are as follows:

2010 2009

Saldo awal 3,579,417,474 3,776,616,840 Beginning balance Penambahan 1,843,000,000 - Additions Penghapusan - (149,992,080) Write off Pemulihan - - Recovery

Saldo akhir 5,422,417,474 3,626,624,760 Ending balance

Beban penurunan nilai aset tetap dialokasikan kebeban pokok pendapatan

Pada tanggal 30 Juni 2010 dan 2009, tidakterdapat aset tetap yang dijaminkan untukkewajiban atau pinjaman lainnya.

Fixed assets impairment charges are allocated to cost of revenue.

As at 30 June 2010 and 2009, no fixed assets are pledged as collateral for payables or loans.

Beban penurunan nilai aset tetap sebesarRp 14.5 miliar - bersih pada tahun 2006 adalahuntuk mesin-mesin yang berhubungan denganproduk tertentu yang dihentikan, termasuk AquaSplash of Fruit (ASOF). Manajemen berpendapatbahwa aset tetap tersebut bersifat “idle” danmanajemen belum memiliki rencana jangka

panjang terperinci lebih lanjut, sehingga nilainyaditurunkan ke jumlah yang dapat diperolehkembali.

The fixed assets impairment charges of Rp 14,5 billion - net in 2006 for machineries relating to certain discontinued product including Aqua Splash of Fruit (ASOF). Management are of the opinion that the fixed assets are “idle” in nature and management does not have further long-term detail plan, therefore the values are decreased to

their recoverable amounts.

Aset tetap dalam penyelesaian terdiri dariberbagai proyek mesin dan peralatan pabrik dipabrik Mekarsari dan Citeureup dengan tingkatpenyelesaian berkisar antara 80% sampaidengan 95% dan diperkirakan akan selesaisampai dengan November 2010.

Construction in progress consist of various machinery and factory equipment projects at Mekarsari and Citeureup plant with percentage of completion ranging from 80% to 95% and expected to be completed until November 2010.

Aset tetap diasuransikan terhadap risikokerugian akibat kebakaran dan risiko kerugianlainnya dengan nilai pertanggungan sebesarRp 437,800.000.000 dan B$ 3.150.000 (2009:

Rp 512.966.711.250 dan B$ 3.150.000).Manajemen berpendapat bahwa nilaipertanggungan tersebut cukup untuk menutupkemungkinan kerugian atas aset yangdipertanggungkan.

Fixed assets are covered by insurance against losses by fire and other risks amounting to Rp 437,800,000,000 and B$ 3,150,000 (2009: Rp 512,966,711,250 and B$ 3,150,000). The

management are of the opinion that the sum insured is adequate to cover possible losses for the assets insured.

Perusahaan mempunyai beberapa bidang tanahdi Sukabumi, Citeureup, Bekasi dan Jakartadengan sertifikat Hak Guna Bangunan (“HGB”)yang akan berakhir antara tahun 2013 - 2033.

The Company owns several pieces of land located in Sukabumi, Citeureup, Bekasi and Jakarta with Building Use Rights (“Hak Guna Bangunan or HGB titles”) which will expire between 2013 - 2033.

Manajemen berkeyakinan bahwa HGB tersebutdi atas dapat diperpanjang tanpa adanyahalangan yang berarti pada saat masa

berlakunya berakhir.

Management believes that the above HGB titles can be extended upon their expiration with no difficulty.








9. HUTANG USAHA 9. TRADE PAYABLES 2010 2009

Pihak ketiga Third parties Rupiah 53,044,250,765 69,641,427,431 Rupiah Dolar AS 4,439,224,693 4,103,404,975 US Dollars Euro 539,764,107 381,252,522 Euro Yen Jepang - 299,763,857 Yen Japan Dolar Singapura 497,760,337 408,515,934 Singapore Dollars

58,520,999,902 74,834,364,719Pihak yang mempunyai

hubungan istimewa Related party Rupiah Rupiah

- PT Tirta Sibayakindo 79,312,942,119 33,437,679,458 PT Tirta Sibayakindo

137,833,942,021 108,272,044,177

Hutang usaha berasal dari pembelian bahanbaku, kemasan, bahan pembantu dan barang

jadi.

Trade payables arise from purchases of raw material, packaging, indirect materials and finished goods.

Rincian umur hutang usaha dihitung sejaktanggal faktur adalah sebagai berikut:

The details of the ageing analysis of trade payables since invoice date are as follows:

2010 2009

Pihak ketiga: Third parties:

Lancar 53,001,513,340 74,459,939,112 Current Lewat jatuh tempo: Overdue: 1 - 3 bulan 5,384,698,829 374,425,607 1 - 3 months 3 - 6 bulan 134,787,733 - 3 - 6 months

58,520,999,902 74,834,364,719

Pihak yang mempunyaihubungan istimewa Related party

Lancar 79,312,942,119 33,437,679,458 Current

Pada tanggal 30 Juni 2010 dan 2009, tidak ada jaminan yang diberikan sehubungan denganhutang usaha.

As at 30 June 2010 and 2009, no collaterals are pledged in respect with the trade payables.

10. BEBAN YANG MASIH HARUS DIBAYAR 10. ACCRUED EXPENSES

2010 2009

Bonus 5,042,836,376 4,264,755,980 Bonus Listrik 2,110,007,327 2,342,468,175 Electricity Jasa profesional 2,527,715,872 6,876,528,342 Professional services Lembur karyawan 1,664,834,658 1,801,117,653 Employee’s overtime Suku cadang 3,736,335,607 - Spare parts Lain-lain (masing-masing dibawah Others (each below

Rp 100 juta) 2,618,718,619 1,200,788,851 Rp 100 million)

17,700,448,459 16,485,658,001








11. UANG JAMINAN BOTOL DAN KRAT 11. DEPOSITS ON RETURNABLE BOTTLES AND SHELLS

2010 2009

PT Tirta Investama 339,935,706,075 305,672,783,520 PT Tirta Investama Pelanggan anak perusahaan 3,619,817,700 3,730,611,783 The subsidiary’s customers

343,555,523,775 309,403,395,303

Akun ini merupakan akumulasi dari pengirimandan pengembalian botol dan krat sesuai tarif

uang jaminan yang berlaku pada tanggaltransaksi. Manajemen telah menyesuaikan uang

jaminan dari pelanggan dari waktu ke waktu.Pelanggan tidak perlu membayar selisih atastarif uang jaminan pelanggan yang berlaku saatini dengan yang dibayarkan pada tanggaltransaksi. Namun demikian, pengembalian uang

jaminan botol dan krat selalu menggunakan tarifyang berlaku saat ini.

This account represents the accumulative movements of bottles and shells deliveries and

returns at historical rates. The management has increased its customer deposit rates from time to time. Customers are not required to pay additional deposits for bottles and shells already held.However, the returned bottles and shells are refunded at the new customer deposit rates.

12. PERPAJAKAN 12. TAXATION

a. Pajak dibayar di muka a. Prepaid taxes

2010 2009

Perusahaan The Company Lebih bayar Pajak Overpayment of VAT

Pertambahan Nilai:- tahun 2009 - 894,213,761 year 2009 -

b. Hutang pajak b. Taxes payable

2010 2009

Perusahaan The Company

Pajak penghasilan: Income taxes: Pasal 21 269,691,645 14,833,887 Article 21 Pasal 23 dan 26 173,270,127 77,141,777 Articles 23 and 26 Pasal 25/29 6,427,593,797 4,654,904,064 Articles 25/29

Pajak Pertambahan Nilai 1,995,917,858 - Value Added Tax

8,866,473,427 4,746,879,728

Anak perusahaan The subsidiary Hutang pajak penghasilan

badan 2,554,475,381 2,921,071,996 Corporate tax payable

11,420,948,808 7,667,951,724








12. PERPAJAKAN (lanjutan) 12. TAXATION (continued)

c. Beban/(manfaat) pajak penghasilan c. Income tax expense/(benefit)

2010 2009

Perusahaan The Company Kini 22,291,672,000 16,373,302,120 Current Tangguhan (2,152,000,000) (1,364,212,828) Deferred

20,139,672,000 15,009,089,292

Anak perusahaan The subsidiary Kini 529,793,484 742,938,438 Current Tangguhan 378,771,909 504,696,109 Deferred

908,565,393 1,247,634,547

Konsolidasian Consolidated Kini 22,821,465,484 17,116,240,558 Current Tangguhan (1,773,228,091) (859,516,719) Deferred

21,048,237,393 16,256,723,839

Rekonsiliasi antara laba sebelum pajakpenghasilan dengan penghasilan kena pajakPerusahaan adalah sebagai berikut:

A reconciliation between the profit before income tax and taxable income of the Company is as follows:

2010 2009

Laba konsolidasian sebelum Consolidated profit before pajak penghasilan 87,450,523,640 55,550,745,658 income tax

Disesuaikan dengan jurnal Adjusted with consolidated eliminasi konsolidasi 2,961,920,528 715,482,530 elimination entries

Laba anak perusahaan Subsidiary’s profit before sebelum pajak penghasilan (4,610,966,053) (2,453,896,347) income tax

Laba Perusahaan sebelum The Company’s profit before pajak penghasilan 85,801,478,115 53,812,331,841 income tax

Koreksi positif 12,499,841,725 14,780,370,000 Positive corrections Koreksi negatif (9,134,631,840) (10,116,622,628) Negative corrections

Penghasilan kena pajak

Perusahaan 89,166,688,000 58,476,079,213 Taxable income of the Company

Pajak penghasilanPerusahaan 22,291,672,000 16,373,302,120 Income tax the Company

Pembayaran pajak di muka Prepayment of income taxes of Perusahaan (18,846,993,495) (14,045,890,808) the Company

Pajak (lebih bayar)/ Tax (overpayment)/ kurang bayar - Perusahaan 3,444,678,505 2,327,411,312 underpayment - the Company

Pajak penghasilan(anak perusahaan) 529,793,484 743,938,438 Income tax (the subsidiary)









c. Beban/(manfaat) pajak penghasilan(lanjutan)

c. Income tax expense/(benefit) (continued)

Jumlah penghasilan kena pajak Perusahaanberdasarkan hitungan di atas telah sesuaidengan taksiran penghasilan kena pajakyang akan dilaporkan dalam SuratPemberitahuan Pajak Tahunan Perusahaan.

The amount of taxable income of the Company based on the above calculation has been agreed with the estimated taxable income will be reported in the Company’s Annual Tax Return.

Rekonsiliasi antara beban pajak penghasilanPerusahaan dengan hasil perkalian labaakuntansi Perusahaan sebelum pajakpenghasilan dengan tarif pajak yang berlakuadalah sebagai berikut:

The reconciliation between the Company’s income tax expense and the theoretical tax amount using the tax rate on the Company’s profit before income tax is as follows:

2010 2009

Laba Perusahaan sebelum The Company’s profit before pajak penghasilan 85,801,475,115 53,812,331,841 income tax

Pajak dihitung pada tarif Tax calculated at

25%(2009:28%) 21,450,368,779 15,067,452,915 25%(2009: 28%)

Beban yang tidak dapatdikurangkan 443,475,064 580,765,819 Non-deductible expenses

Bagian laba bersih anak Share of subsidiary’s perusahaan (740,480,132) (549,672,782) net income

Pendapatan dividen - - Dividend Income Pendapatan yang dikenakan

pajak final (1,013,691,711) (89,456,660) Income subject to final tax

Beban pajak penghasilan Income tax expense of Perusahaan 20,139,672,000 15,009,089,292 the Company

Beban pajak penghasilan Income tax expense of anak perusahaan 908,565,393 1,247,634,547 the subsidiary

21,048,237,393 16,256,723,839









d. Aset dan kewajiban pajak tangguhan d. Deferred tax assets and liabilities

2009

Dikreditkan kelaporan laba

rugi/Credited

to statement of income

Selisih kurspenjabaranmata uang

asing / Currency

translation difference 2010

Kewajiban Deferred tax

pajak tangguhan liabilities

Perusahaan The Company Perbedaan antara nilai Difference between

buku bersih aset commercial and tax tetap komersial net book value dan fiskal 16,747,021,387 (479,112,762) - 16,267,908,625 of fixed assets

Penyisihan ataspenurunan nilai Provision for fixed aset tetap (894,854,369) (460,750,000) - (1,355,604,369) asset impairment

Penyisihan atas Provision for kerugian (407,994,950) - (407,994,950) losses

Penyisihan atas Provision for tunjangan cuti (37,607,212) - - (37,607,212) leave benefits

Penyisihan persediaan Provision for obsolete usang dan lambat and slow moving bergerak (2,016,359,621) (49,806,355) - (2,066,165,976) inventory

Penyisihan atas bonus (1,790,195,211) 529,486,117 - (1,260,709,094) Provision for bonus

Penyisihan imbalan Provision for kerja (8,497,867,750) (1,691,817,000) - (10,189,684,750) employee benefits

3,102,142,274 (2,152,000,000) - 950,142,274

Aset Deferred tax pajak tangguhan assets

Anak perusahaan The subsidiary Perbedaan antara nilai Difference between

buku bersih aset commercial and tax tetap komersial net book value dan fiskal (1,387,176,052) 163,470,465 42,943,094 (1,180,762,493) of fixed assets

Selisih kurs yang Unrealised foreign

belum direalisasi (267,766,335) 215,301,444 5,907,665 (46,557,226) exchanges

(1,654,942,387) 378,771,909 48,850,759 (1,227,319,719)









d. Aset dan kewajiban pajak tangguhan(lanjutan)

d. Deferred tax assets and liabilities (continued)

2008

Dikreditkan kelaporan laba

rugi/Credited

to statement of income

Selisih kurspenjabaranmata uang

asing / Currency

translation difference 2009

Kewajiban Deferred tax pajak tangguhan liabilities

Perusahaan The Company Perbedaan antara nilai Difference between

buku bersih aset commercial and tax tetap komersial net book value dan fiskal 21,251,262,498 1,141,762,669 - 20,109,499,829 of fixed assets

Penyisihan ataspenurunan nilai Provision for fixed aset tetap (1,132,985,052) 567,724,754 - (565,260,298) asset impairment

Penyisihan atas Provision for tunjangan cuti (29,260,871) - - (29,260,871) leave benefits

Penyisihan persediaan Provision for obsolete usang dan lambat and slow moving bergerak (643,087,465) (1,072,960,000) - (1,716,047,465) inventory

Penyisihan atas bonus (1,356,912,121) 162,780,447 - (1,194,131,674) Provision for bonus Penyisihan imbalan Provision for

kerja (7,755,883,800) 120,004,640 - (7,635,879,160) employee benefits

10,333,133,189 1,364,212,828 - 8,968,920,361

Aset Deferred tax pajak tangguhan assets

Anak perusahaan The subsidiary Perbedaan antara nilai Difference between

buku bersih aset commercial and tax tetap komersial net book value dan fiskal (1,771,343,347) 509,836,782 105,595,608 (1,155,910,957) of fixed assets

Selisih kurs yang Unrealised foreign belum direalisasi 5,134,968 (5,140,673) 5,705 - exchanges

(1,766,208,379) 504,696,109 105,601,313 (1,155,910,957)

Manajemen yakin bahwa jumlah laba fiscalpada masa mendatang akan memadai untukmengkompensasi perbedaan temporer yangdapat dikurangkan.

Management believes that future taxable profits will be available against the deductible temporary differences.

Pada bulan September 2008, DewanPerwakilan Rakyat menyetujui rancanganuntuk merubah Undang Pajak Penghasilanyang akan berlaku efektif sejak 1 januari2009. Berdasarkan undang-undang yangdiubah ini, tarif pajak penghasilan badan

In september 2008, the Indonesian House of Representatives approved a proposal to amend the Income Tax Law which will become effective as of 1 january 2009. Under this amended law, the corporate income tax rate will be reduced to a fixed rate of 28% for








12 .PERPAJAKAN (lanjutan)

kerkurang menjadi tarif tetap sebesar 28%pada tahun fiskal 2009 dan 25% pada tahunfiskal 2010 dan tahun tahun berikutnya.Perubahan tarif pajak ini telah dicerminkandi dalam perhitungan aset dan kewajibanpajak tangguhan Perusahaan dan anakperusahaan pada tanggal 30 Juni 2010 dan2009.

12. Taxation (continued)

the fiscal year 2009 and to 25% for the fiscal year 2010 and subsequent years. This change in tax rate is reflected in the Company and subsidiaries ’computation of deferred tax assets and liabilities as at 30 June 2010 and 2009.

e. Surat Ketetapan Pajak e. Tax Assessments


Pada bulan Maret 2007, Perusahaanmenerima Surat Ketetapan Pajak untuktahun fiskal 2005 yang menyatakan lebihbayar sebesar Rp 4.781.236.461 dariRp 5.107.130.661 yang diklaim Perusahaan.Pada waktu yang sama Perusahaan jugamenerima Surat Ketetapan Pajak yangmenyatakan kekurangan bayar atasberbagai jenis pajak sebesarRp 332.485.836 (termasuk denda danbunga). Perusahaan setuju danmembukukan surat ketetapan pajak tersebutpada tahun berjalan. Pengembalian bersihsebesar Rp 4.448.750.625 diterima padabulan Mei 2007.

In March 2007, the Company received a tax assessment letter for the fiscal year ended 31 December 2005 confirming an overpayment of corporate income tax of Rp 4,781,236,461 out of Rp 5,107,130,661 that was claimed by the Company. At the same time, the Company also received various tax assessments confirming underpayment of other taxes totaling Rp 332,485,836 (including penalties and interest). The Company agreed with the above assessments and recorded the assessments accordingly. The net refund of Rp 4,448,750,625 was received in May 2007.

Anak Perusahaan The Subsidiary

Pada bulan September 2006, anakperusahaan menerima Surat KetetapanPajak untuk tahun fiskal 2000 - 2006 yang

menyatakan kekurangan bayar pajakpenghasilan sejumlah B$ 268.900 atausama dengan Rp 1,581 juta danmembukukannya pada laporan laba rugikonsolidasian tahun 2006. Anak perusahaantidak setuju atas surat ketetapan pajak yangberjumlah B$ 232.393 atau sama denganRp 1.366 juta dan karenanya telahmengajukan keberatan pada bulanNovember 2006 dan membayar kurangbayar yg telah disetujui. Sampai dengantanggal laporan ini, hasil atas keberatanbelum diterima.

In September 2006, the subsidiary received Tax Assessments for the 2000 - 2006 fiscal year confirming underpayments of income

taxes totalling B$ 268,900 equivalent to Rp 1,581 million and charged the amount to the 2006 consolidated statement of income.The subsidiary disagreed with tax assessments totalling to B$ 232,393 equivalent to Rp 1,366 million and lodged an objection letter to the tax office in November 2006 and paid the agreed underpayments.Up to the date of this report, the results of the objection has not yet been received.









f. Administrasi f. Administration

Berdasarkan Undang-Undang Perpajakanyang berlaku di Indonesia, Perseroanmenghitung, menetapkan dan membayarsendiri besarnya jumlah pajak yangterhutang. Direktur Jenderal Pajak ("DJP")dapat menetapkan atau mengubahkewajiban pajak dalam batas waktu sepuluhtahun sejak saat terhutangnya pajak, atauakhir tahun 2013, mana yang lebih awal.

Ketentuan baru yang diberlakukan terhadaptahun pajak 2008 dan tahun-tahunselanjutnya menentukan bahwa DJP dapatmenetapkan atau mengubah kewajibanpajak tersebut dalam batas waktu lima tahunsejak saat terhutangnya pajak.

Under the taxation laws of Indonesia, the Company submits tax returns on the basis of self assessment. The Director General of Tax (DGT) may assess or amend taxes within ten years of the time the tax becomes due, or until the end of 2013, whichever is earlier.There are new rules applicable to fiscal year 2008 and subsequent years stipulating that the DGT may assess or amend taxes within

five years of the time the tax becomes due.

13. PENYISIHAN IMBALAN KERJA 13. PROVISION FOR EMPLOYEE BENEFITS

2010 2009

Imbalan pensiun 36,608,078,000 24,448,213,000 Pension benefits Imbalan lain jangka panjang 4,150,661,000 2,822,784,000 Other long-term benefits

40,758,739,000 27,270,997,000Bagian jangka pendek (2,047,644,000) - Current portion

38,711,095,000 27,270,997,000

Asumsi aktuarial utama yang digunakan dalamperhitungan untuk Grup adalah sebagai berikut:

The principal actuarial assumptions used in the calculations for the Group were as follows:

2010 2009

Usia pensiun normal 55 - 60 tahun/ years 55 - 60 tahun/ years Normal pension age Tingkat diskonto 9,50% 12% Discount rate Kenaikan gaji di masa depan 9% 9% Future salary increase Tabel mortalitas CSO 1999 CSO 1999 Mortality table

10% dari tabel 10% of kematian/ of mortality kematian/ of mortality

Tingkat cacat table table Disability rate








14. HAK MINORITAS 14. MINORITY INTEREST

Hak kepemilikan pemegang saham minoritasatas kekayaan bersih anak perusahaan - IBICSdn. Bhd.

Minority interest in the net assets of the subsidiary - IBIC Sdn. Bhd.

2010 2009

Nilai tercatat - awal 9,400,360,804 9,441,575,134 Carrying amount - beginning Bagian hasil bersih 740,480,132 490,779,269 Share of results Dividen - - Dividends Selisih kurs penjabaran Currency translation

laporan keuangan (314,787,060) (706,321,121) difference

9,826,053,876 9,226,033,282

15. MODAL SAHAM 15. SHARE CAPITAL

2010

Pemegang Saham Saham/Shares

Persentasekepemilikan/

Percentage of ownership

%Nilai/Value Shareholders

PT Tirta Investama 12,419,090 94.35 12,419,090,000 PT Tirta Investama

Masyarakat (masing-masingdengan kepemilikan kurang Public (all holdings dari 5%) 743,383 5.65 743,383,000 below 5%)

13,162,473 100.00 13,162,473,000

2009

Pemegang Saham Saham/Shares

Persentasekepemilikan/

Percentage of ownership

%Nilai/Value Shareholders

PT Tirta Investama 12,419,090 94,35 12,419,090,000 PT Tirta Investama Masyarakat (masing-masing

dengan kepemilikan kurang Public (all holdings dari 5%) 743,383 5,65 743,383,000 below 5%)

13,162,473 100.00 13,162,473,000

Pada tanggal 30 Juni 2010 dan 2009, Direksi yangmemiliki saham publik Perusahaan adalah TheresiaLianawaty Setionegoro dan Bastian Willy MatheusTannizar, dengan kepemilikan tidak lebih dari0,008% dari jumlah modal dasar, ditempatkan dandisetor penuh Perusahaan.

As of 30 June 2010 and 2009, the Director who heldthe Company’s public shares is Theresia LianawatySetionegoro and Bastian Willy Mateus Tannizar,with an ownership of not more than 0.008% of theauthorised, issued and fully paid-up shares of the Company.








16. AGIO SAHAM 16. SHARE PREMIUM

Agio saham merupakan selisih antara harga jual(Rp 7.500 per lembar saham) dengan nilainominal (Rp 1.000 per lembar saham) untuk1.000.000 saham yang ditawarkan kepadamasyarakat melalui Bursa Efek di Indonesia(dahulu Bursa Efek Jakarta dan Surabaya) padabulan Maret 1990, setelah dikurangi kapitalisasike modal saham melalui pembagian 3.000.000lembar dan 2.700.000 lembar saham bonussenilai Rp 3.000.000.000 dan Rp 2.700.000.000masing-masing pada tahun 1994 dan 1995 dan

selisih antara harga pasar (Rp 6.350 per lembarsaham) dengan nilai nominal (Rp 1.000 perlembar saham) untuk 1.462.473 lembar dividensaham yang dibagikan di bulan Agustus 1997.

Share premium represents the difference between the selling price (Rp 7,500 per share) and the par value (Rp 1,000 per share) of 1,000,000 shares offered to the public on the Indonesian Stock Exchange (formerly Jakarta and Surabaya Stock Exchanges) in March 1990, after the transfer to share capital through distributions of 3,000,000 and 2,700,000 bonus shares amounting to Rp 3,000,000,000 and Rp 2,700,000,000 in 1994 and 1995, respectively and the difference between the market price (Rp 6,350 per share) and the par

value (Rp 1,000 per share) of 1,462,473 dividend shares distributed in August 1997.

17. CADANGAN WAJIB 17. STATUTORY RESERVE

Undang-Undang No.40/2007 mengenaiPerseroan Terbatas, mengharuskan perusahaandi Indonesia untuk membuat cadangan sebesarminimum 20% dari jumlah modal yangditempatkan dan disetor. Undang-undangtersebut tidak mengatur jangka waktu untukmencapai cadangan wajib minimum tersebut

Dalam Rapat Umum Pemegang SahamTahunan Perusahaan pada tanggal 13 Juni2008, para pemegang saham menyetujuipembentukan cadangan wajib sebesar Rp 2,6miliar yang berasal dari laba bersih tahunsebelumnya..

Indonesian Limited Liability Corporation Law No.40/2007 requires companies in Indonesia to set up a reserve of a minimum 20% of the issued and paid share capital. There is no set period of the time over which this amount should be accumulated.

At the Annual General Meeting of Shareholders held on 13 June 2008, the shareholders approved appropriations to the statutory reserve amounting to Rp 2,6 billion from the previous year’s net income..

18. DIVIDEN KAS 18. CASH DIVIDENDS

Dalam rapat umum tahunan para pemegangsaham yang diselenggarakan pada tanggal11 Juni 2010 dan 19 Juni 2009, para pemegang

saham Perusahaan memutuskan pembayarandividen kas sebagai berikut:

During the shareholders’ annual general meetings held on 11 June 2010 and 19 June 2009, the Company’s shareholders ratified the declaration

of cash dividends as follows:

Periode Jumlah/Amount

Per saham/Per share Period

Deklarasi tahun 2010 untuk laba bersih tahun 2009 23,692,451,400 1.800 Declaration in 2010 from the 2009 net income Deklarasi tahun 2009 untuk laba bersih tahun 2008 15,794,967,600 1.200 Declaration in 2009 from the 2008 net income








19. PENDAPATAN BERSIH 19. NET REVENUE

2010 2009

a. Penjualan Barang a. Sales of goods

Pihak ketiga Third parties Lokal (Dolar Brunei) 13,416,154,382 13,664,995,632 (Brunei Dollar)Domestic Ekspor (Dolar Singapura) 4,195,129,894 4,524,477,454 (Singapore Dollar)Export

17,611,284,276 18,189,473,086 Pihak yang mempunyai

hubungan istimewa Related parties Lokal (Rupiah) 1,448,901,950,561 1,262,157,725,429 (Rupiah)Domestic

Ekspor - - Export

1,448,901,950,561 1,262,157,725,429

1,466,513,234,837 1,280,347,198,515

b. Penyediaan Jasa b. Rendering of services Pihak yang mempunyai

hubungan istimewa Related parties Jasa bantuan teknik Technical assistance fees

(Lihat catatan 2c, 25, 26) 15,995,869,854 13,690,884,247 (Refer to notes 2c, 25, 26) Pendapatan royalti Royalty income

(Lihat catatan 2c, 25, 26) 1,690,333,221 1,081,051,742 (Refer to notes 2c, 25, 26)

17,686,203,075 14,771,935,989

Jumlah pendapatan bersih 1,484,199,437,912 1,295,119,134,504 Net revenue

Tidak ada pendapatan dari pelanggan individuyang melebihi 10% dari jumlah pendapatanbersih.

No revenue earned from individual customers exceeded 10% of the total net revenue.

Lihat Catatan 26 untuk rincian transaksi pihakyang memiliki hubungan istimewa.

Refer to Note 26 for details of related party transactions.

20. BEBAN POKOK PENDAPATAN 20. COST OF REVENUE

2010 2009

Bahan baku dan kemasan Raw materials and packaging yang digunakan 162,546,881,833 163,690,829,703 used

Biaya overhead 150,805,246,668 142,273,337,966 Overhead cost

Jumlah biaya produksi 313,352,128,501 305,964,167,669 Total manufacturing cost

Persediaan barang jadi Finished goods inventory Awal tahun 2,427,840,341 1,973,482,642 At the beginning of the year Pembelian Purchases (Lihat catatan 26) 1,069,599,774,117 915,730,075,607 (Refer to Note 26)

Selisih kurs penjabaran Currency translation mata uang asing - (150,542,567) difference

Akhir tahun (1,559,861.212) (2,231,546,926) At the end of the year

Beban pokok pendapatan 1,383,819,881,747 1,221,285,636,425 Cost of revenue








20. BEBAN POKOK PENDAPATAN (lanjutan) 20. COST OF REVENUE (continued)

Tidak ada pembelian dari pemasok pihak ketigayang melebihi 10% dari jumlah beban pokokpendapatan konsolidasian.

No purchases from third party suppliers exceeded 10% of total consolidated cost of revenue.

Lihat Catatan 26 untuk rincian pembelian daripihak yang mempunyai hubungan istimewa.

Refer to Note 26 for details of purchases from related parties.

21. BEBAN PENJUALAN 21. SELLING EXPENSES

2010 2009

Pengangkutan 1,328,664,474 1,086,718,090 Freight Lain-lain (masing-masing di Miscellaneous (each below

bawah Rp 100 juta) 888,537,420 1,122,945,809 Rp 100 million)

2,217,201,894 2,209,663,899

22. BEBAN UMUM DAN ADMINISTRASI 22. GENERAL AND ADMINISTRATIVE EXPENSES

2010 2009

Gaji, upah dan Salaries, wages, and employee kesejahteraan karyawan 11,105,771,220 8,200,423,007 welfare

Perjalanan dinas 350,857,311 271,816,656 Business travelling Jasa tenaga ahli 1,362,814,005 1,498,315,308 Professional fees Jasa konsultasi manajemen 600,000,000 600,000,000 Management consultancy fees Pos dan telekomunikasi 412,259,885 389,541,678 Postage and telecommunication Lain-lain (masing-masing di Miscellaneous (each below

bawah Rp 50 juta) 1,997,716,636 2,162,695,459 Rp 50 million)

15,829,419,057 13,122,792,108

23. PENDAPATAN/(BEBAN) LAIN-LAIN 23. OTHER INCOME/( EXPENSES)

2010 2009

Penjualan barang bekas 346,865,965 331,529,841 Scrap Sales Pendapatan sewa 135.000.000 135,000000 Rental income Provisi biaya konsultan - (6,000,000,000) Consultant fees provision Penghapusan aset tetap Fixed assets written-off

- nilai buku bersih - - - net book value (Lihat catatan 2g, 8) (Refer to notes 2g, 8)

Lain-lain - bersih (6,486,751) (1,221,070,812)Miscellaneous - net

475,379,214 (6,754,540,971)








24. BIAYA KARYAWAN 24. EMPLOYEE COSTS

Jumlah biaya karyawan untuk tahun yangberakhir pada tanggal 30 Juni 2010 adalahsebesar Rp 53.176 juta (2009: Rp 47.511 juta).Termasuk dalam biaya karyawan adalah gaji dantunjangan lainnya yang dibayarkan kepadaanggota Dewan Komisaris dan DireksiPerusahaan sebesar Rp 2.846 juta (2009: Rp2.587 juta).

Total employee costs for the year ended 30 June 2010 amounted to Rp 53,176 million (2009: Rp 47,511 million). Included in the employee costs are salaries and allowances paid to the Board of Commissioners and Board of Directors of the Company amounting to Rp 2,846 million (2009: Rp 2,587 million).

Pada tanggal 30 Juni 2010, Perusahaan dananak perusahaan mempunyai karyawan tetap

sejumlah 1.909 orang (2009: 1.843).

As at 30 June 2010, the Company and its subsidiary had 1,909 permanent employees

(2009: 1,843).

25. LABA BERSIH PER SAHAM DASAR 25. BASIC EARNINGS PER SHARE

2010 2009

Laba bersih 65,661,806,115 38,803,242,549 Net income

Weighted average number Rata-rata tertimbang jumlah of ordinary shares

saham biasa yang beredar - outstanding - dasar dan dilusian 13,162,473 13,162,473 basic and diluted

Laba per saham - Earnings per share - dasar dan dilusian 4,989 2,948 basic and diluted

Pada tanggal 30 Juni 2010 dan 2009, tidak adaobligasi konversi, opsi atau waran yang dapatmenimbulkan pengaruh dilusi pada laba persaham, Oleh karene itu, laba per saham dilusiansama dengna laba per saham biasa.

As at 30 June 2010 and 2009, there were no convertible, options or warrants thet would give rise to a dilution of earnings per share. Therefore diluted earnings per share is equivalent to basic earnings per share.

26. PERJANJIAN-PERJANJIAN PENTING 26. SIGNIFICANT AGREEMENTS

I. Pihak-pihak yang mempunyai hubunganistimewa

I. Related parties

Perjanjian produksi Production agreement

Perusahaan mengadakan perjanjian jual beliproduk dengan TIV dan PT TirtaSibayakindo (“TSI”), untuk jangka waktusampai dengan tanggal 31 Desember 2014.Berdasarkan perjanjian tersebut, TIV danTSI setuju untuk memproduksi air minumdalam kemasan merek “AQUA” danmenjualnya kepada Perusahaan denganharga yang telah disepakati bersama.Perjanjian ini telah beberapa kali diubah danperubahan terakhir dibuat pada tanggal 14Oktober 2008, khususnya mengenaiperubahan harga pembelian dari TIV yang

berlaku efektif sejak 1 Oktober 2008.

The Company entered into a products sales and purchase agreements with TIV and PT Tirta Sibayakindo (“TSI”), for the period up to 31 December 2014. Under the agreement,TIV and TSI agreed to produce and sell “AQUA” bottled drinking water to the Company at a mutually agreed price. These agreements have been amended several times and the last amendment was made on 14 October 2008, particularly regarding purchase price changes from TIV, which effective since 1 October 2008.








26. PERJANJIAN-PERJANJIAN PENTING(lanjutan)

26. SIGNIFICANT AGREEMENTS (continued )

I. Pihak-pihak yang mempunyai hubunganistimewa (lanjutan)

Perjanjian produksi (lanjutan)

I. Related parties (continued)

Production Agreement (continued)

Perusahaan mengadakan perjanjiandistribusi dengan TIV sebagai penyalurtunggal air minum dalam kemasan merek“AQUA”. Perjanjian ini telah beberapa kalidiubah dan perubahan terakhir dibuat pada

tanggal 14 Oktober 2008, khususnyamengenai perubahan harga penjualan darihasil produksi TSI yang berlaku efektif sejak1 Oktober 2008.

The Company entered into a distributorship agreement with TIV as the sole distributor of “AQUA” bottled drinking water. This agreement has been amended several times and the last amendment was made on 14

October 2008, particularly regarding sale price changes from TSI’s production result which effective since 1 October 2008.

Perjanjian ini berlaku untuk jangka waktusatu tahun dan secara otomatisdiperpanjang kecuali ditentukan lain.

This agreement covers a period of one year and is renewable automatically unless otherwise stated due to amendments.

Perjanjian jasa konsultasi manajemen Management consultancy agreement

Pada tanggal 21 Januari 1999, Perusahaanmengadakan perjanjian jasa manajemen

dengan TIV, dimana TIV setuju untukmemberikan jasa manajemen yangberkaitan dengan masalah ketenagakerjaan,pelatihan dan penerimaan karyawan,keamanan, hukum dan perijinan. Perjanjianini berlaku untuk jangka waktu satu (1) tahundan secara otomatis diperpanjang. Jasakonsultasi manajemen pada tahun 2010adalah sebesar Rp 600.000.000 (2009: Rp600.000.000), dan disajikan sebagai bagiandari “Beban Umum dan Administrasi” padalaporan laba rugi konsolidasian.

On 21 January 1999, the Company entered into a management consultancy agreement

with TIV, whereby TIV agrees to provide management services in connection with human resources, training and employees recruitment, security, law and licenses. This agreement covers a period of one (1) year and is automatically renewable. The management consultancy fees in 2010 amounted to Rp 600,000,000 (2009: Rp 600,000,000) and was recorded as part of the “General and Administrative expenses” in the consolidated statements of income.

Perjanjian jasa bantuan teknik Technical assistance agreement

Perusahaan mengadakan perjanjiankerjasama bantuan teknik dengan TIV danTSI untuk jangka waktu sampai dengantanggal 31 Desember 2014. Dalamperjanjian disebutkan bahwa Perusahaansetuju untuk memberikan bantuan teknikberupa standardisasi produk, metodeproduksi, metode pengendalian mutu danpenyimpanan, spesifikasi peralatan produksiyang dipergunakan dan informasi lain yangdiperlukan melalui pendidikan dan pelatihanagar TIV dan TSI dapat memproduksi airminum dalam kemasan merek “AQUA” yangsesuai dengan standar yang telah

ditentukan Perusahaan.

The Company entered into technical assistance agreements with TIV and TSI covering the period up to 31 December 2014.Under the agreements, the Company agreed to provide technical assistance for product standardisation, production methods, quality control and storing methods, specification of production equipment used and other information required through education and training to enable TIV and TSI to produce “AQUA” bottled drinking water in accordance with the Company’s standards.








26. PERJANJIAN-PERJANJIAN PENTING(lanjutan)

25. SIGNIFICANT AGREEMENTS (continued)

I. Pihak-pihak yang mempunyai hubunganistimewa (lanjutan)

Perjanjian jasa bantuan teknik (lanjutan)

26 .SIGNIFICANT AGREEMENTS (continued)

I .Related parties (continued

Technical assistance agreement (continued)

Sebagai imbalan, Perusahaan menerima jasa bantuan teknik yang dihitung sebesar1,5% dari penjualan bersih per bulan jikapenjualan per bulan melebihi Rp300.000.000. Penghasilan jasa bantuan

teknik yang diterima Perusahaan pada tahun2010 adalah sebesar Rp 15.995.869.854(2009: Rp 13.690,884,247), dan disajikansebagai bagian dari “Penjualan bersih” padalaporan laba rugi konsolidasian.

As compensation, the Company receives technical assistance fees calculated at 1.5% of the monthly net sales if the sales exceed Rp 300,000,000 a month. The technical assistance fees received by the Company in

2010 amounted to Rp 15,995,869,854 (2009: Rp 13,690,884,247) and were recorded as part of the “Net sales” in the consolidated statements of income.

Perjanjian pemberian lisensi merek Trademark license agreement

Perusahaan mengadakan perjanjiankerjasama pemberian lisensi merek denganTIV. Dalam perjanjian disebutkan bahwaPerusahaan setuju untuk memberikanlisensi kepada TIV untuk menggunakanmerek AQUA pada produk MIZONE yang

diproduksi oleh TIV. Sehubungan denganpenggunaan merek tersebut, TIVberkewajiban untuk membayar biaya royaltikepada Perusahaan sebesar 0,5% daripenjualan tahunan bersih produk MIZONE.Penghasilan royalti yang diterimaPerusahaan pada tahun 2010 adalahsebesar Rp 1.690.333.221 (2009:1,081,051,742) dan disajikan sebagaibagian dari “Pendapatan lain-lain” padalaporan laba rugi konsolidasian. Perjanjianini berlaku sejak tanggal 1 Januari 2006 danselama TIV memproduksi MIZONE danmenggunakan merek AQUA.

The Company entered into a trademark licence agreement with TIV. Under the agreements, the Company agreed to grant a licence to TIV to use the AQUA trade mark on MIZONE products, produced by TIV. In consideration for the use of the trademark,

TIV shall pay a royalty fee to the Company 0.5% of the annual net sales of MIZONE. The royalty revenue received by the Company in 2010 amounted to Rp 1,690,333,221 (2009: Rp 1,081,051,742) and was recorded as part of the “Other income” in the consolidated statements of income. This agreement is effective since 1 January 2006 and is applicable as long as TIV produces MIZONE and uses the trademark.

II. Pihak ketiga II. Third party


Perusahaan, bersama dengan PT TirtaInvestama, pemegang saham utamaperusahaan, memperoleh fasilitas dari bankHSBC yang mencakup:- Pinjaman kredit modal kerja jangka

pendek.- Pinjaman untuk pembelian bahan baku

atau produk yang merupakan operasibisnis utama Perusahaan.

- Pinjaman untuk transaksi forward .

The Company, along with PT Tirta Investama,the major shareholder of the Company,obtained facilities from HSBC bank, which include: - Loan for short-term working capital.

- Loan for purchases of raw materials or product related to the company’s core business operation.

- Loan for forward transactions.








26. PERJANJIAN -PERJANJIAN PENTING(lanjutan)

26. SIGNIFICANT AGREEMENTS (continued)

II. Pihak ketiga (lanjutan) II. Third party (continued)

Total fasilitas untuk pinjaman-pinjaman diatas masing-masing sebesar Rp 150 miliar,USD 8 juta dan USD 4,5 juta.

The total facilities described above amount to Rp 150 billion, USD 8 million, and USD 4.5 million respectively.

Pada tanggal 30 Juni 2010 tidak ada hutangyang berasal dari perjanjian fasilitas ini(2009: Nihil).

As at 30 June 2010, there are no outstanding loans from these facilities (2009: Nil).

Anak Perusahaan The subsidiary

Anak perusahaan mengadakan perjanjiansewa tanah dengan Kerajaan BruneiDarussalam untuk jangka waktu sampaidengan tahun 2009. Berdasarkan perjanjiantersebut, anak perusahaan dapatmenggunakan tanah tersebut untukbangunan pabriknya.

The subsidiary has a land rental agreement with the Kingdom of Brunei Darussalam for the period until 2009. Based on the agreement,the subsidiary can use the land for its factory.

Perjanjian tersebut dapat dibatalkan apabilaterjadi kondisi-kondisi sebagaimanadisyaratkan dalam perjanjian.

The agreement can be cancelled if any conditions arise as set out in the agreement.

27. TRANSAKSI DENGAN PIHAK-PIHAK YANGMEMPUNYAI HUBUNGAN ISTIMEWA

27 TRANSACTIONS WITH RELATED PARTIES

Hubungan dan sifat transaksi dengan pihak-pihak yang mempunyai hubungan istimewaadalah sebagai berikut:

The relationship and the nature of transactions with related parties are as follows:

Perusahaan/Company

Hubungan/Relationship

Sifat saldo/transaksi/Nature of balances/transactions

PT Tirta Investama Pemegang saham utama/ Major shareholder

Penjualan dan pembelian air minum dalam kemasan,penerimaan uang jaminan botol dan krat, pembelian botol,

jasa konsultasi manajemen, sewa menyewa, jasa bantuanteknik dan royalti/

Sales and purchases of bottled drinking water, receipt of deposits on returnable bottles and shells, purchases of bottles, management consultancy services, rental,technical assistance services and royalty.

PT Tirta Sibayakindo Pemegang saham utamayang sama/ The same majority shareholder

Pembelian air minum dalam kemasan, jasa bantuan teknikdan uang muka pembelian barang jadi/ Purchases of bottled drinking water, technical assistance services and advances for purchases of finished goods.

Frucor BeveragesAustralia Pty. Ltd.,Australia

Perusahaan afiliasi/ Affiliated company

Penjualan air minum dalam kemasan/ Sales of bottled drinking water.

Rincian transaksi dengan pihak-pihak yangmempunyai hubungan istimewa adalah sebagaiberikut:

The details of transactions with related parties are as follows:








27. TRANSAKSI DENGAN PIHAK-PIHAK YANG

MEMPUNYAI HUBUNGAN ISTIMEWA (lanjutan) 27. TRANSACTIONS WITH RELATED PARTIES (continued)

2010 2009

Penjualan barang Sales of goods PT Tirta Investama 1,448,901,950,561 1,262,157,725,429 PT Tirta Investama

Jasa bantuan teknik Technical assistance fees PT Tirta Investama 13,682,253,788 11,649,901,563 PT Tirta Investama PT Tirta Sibayakindo 2,313,616,066 2,040,982,684 PT Tirta Sibayakindo

Pendapatan royalti Royalty income PT Tirta Investama 1,690,333,221 1,081,051,742 PT Tirta Investama

1,466,588,153,636 1,276,929,661,418

(sebagai persentase atas (as a percentage of pendapatan bersih) 98.81% 98.60% net revenue)

Pembelian air minum Purchases of bottled dalam kemasan drinking water

PT Tirta Investama 912,150,252,648 776,660,104,307 PT Tirta Investama PT Tirta Sibayakindo 157,431,793,620 139,069,971,300 PT Tirta Sibayakindo

1,069,582,046,268 915,730,075,607

(sebagai persentase atas jumlah (as a percentage of total pembelian barang jadi) 100.00% 100.00% purchases of finished goods)

Jasa konsultasi manajemen Management consultancy fees PT Tirta Investama 600,000,000 600,000,000 PT Tirta Investama

(sebagai persentase atas (as a percentage of beban usaha) 3,32% 3,91% operating expenses)

28. PELAPORAN SEGMEN 28. SEGMENT REPORTING

Bentuk pelaporan primer – segmen geografis

Perusahaan dan anak perusahaan hanyamempunyai satu segmen usaha yaitupengolahan dan pembotolan air minum dalamkemasan. Sehingga informasi segmen usahatidak disajikan.

Primary reporting format – geographical segment

The Company and its subsidiary only have one business segment which is the manufacturing and bottling of drinking water. Accordingly no business segment information is presented.

Ikhtisar hasil usaha berdasarkan wilayahgeografis adalah sebagai berikut:

A summary of the operations by geographical area is as follows:








28. PELAPORAN SEGMEN (lanjutan) 28. SEGMENT REPORTING (continued)

2010

IndonesiaBrunei

Darussalam

Penyesuaiandan eliminasi/Adjustments

and eliminations

Konsolidasian/Consolidated

Pendapatan bersih Net revenue Lokal 1,466,588,153,636 13,416,154,382 - 1,480,004,308,018 Domestic Ekspor 4,195,129,894 - - 4,195,129,894 Export

Jumlah pendapatanbersih 1,470,783,283,530 13,416,154,382 - 1,484,199,437,912 Total net revenue

Beban pokok pendapatan Cost of revenue

Lokal 1,376,152,504,269 5,965,650,403 - 1,382,118,154,672 Domestic Ekspor 1,701,727,075 - - 1,701,727,075 Export

Jumlah beban pokokpendapatan 1,377,854,231,344 5,965,650,403 - 1,383,819,881,747 Total cost of revenue

Laba kotor Gross profit Lokal 90,435,649,367 7,450,503,979 - 97,886,153,346 Domestic Ekspor 2,493,402,819 - - 2,493,402,819 Export

Jumlah laba kotor 92,929,052,186 7,450,503,979 - 100,379,556,165 Total gross profit

Laba usaha 77,305,343,895 4,828,980,514 198,610,805 82,332,935,214 Operating income

Laba bersih 65,661,806,115 3,702,400,660 (3,702,400,660) 65,661,806,115 Net income

Aset 1,250,352,693,561 58,545,439,116 (25,277,307,549) 1,283,620,825,128 Assets

Kewajiban 480,794,747,282 13,165,794,048 - 493,960,541,330 Liabilities

Aset tetap setelah Fixed assets - net of dikurangi akumulasi accumulated penyusutan 366,820,615,939 1,315,774,728 - 368,136,390,667 depreciation

Beban penyusutan 53,320,276,804 245,918,752 - 53,566,195,556 Depreciation expense

2009

IndonesiaBrunei

Darussalam

Penyesuaiandan eliminasi/Adjustments

and eliminations

Konsolidasian/Consolidated

Pendapatan bersih Net revenue Lokal 1,276,929,661,418 13,664,995,632 - 1,290,594,657,050 Domestic Ekspor 4,524,477,454 - - 4,524,477,454 Export

Jumlah pendapatanbersih 1,281,454,138,872 13,664,995,632 - 1,295,119,134,504 Total net revenue

Beban pokok pendapatan Cost of revenue Lokal 1,212,069,792,559 6,953,605,139 - 1,219,023,397,698 Domestic

Ekspor 2,262,238,727 - - 2,262,238,727 Export Jumlah beban pokok

pendapatan 1,214,332,031,286 6,953,605,139 - 1,221,285,636,425 Total cost of revenue

Laba kotor Gross profit Lokal 64,859,868,859 6,711,390,493 - 71,571,259,352 Domestic Ekspor 2,262,238,727 - - 2,262,238,727 Export

Jumlah laba kotor 67,122,107,586 6,711,390,493 - 73,833,498,079 Total gross profit

Laba usaha 54,402,192,100 3,899,087,941 199,762,031 58,501,042,072 Operating income

Laba bersih 38,803,242,549 2,453,896,347 (2,453,896,347) 38,803,242,549 Net income

Aset 1,062,718,426,421 59,295,960,459 (17,064,873,096) 1,104,949,513,784 Assets

Kewajiban 480,794,747,282 13,165,794,048 - 493,960,541,330 Liabilities

Aset tetap setelah Fixed assets - net of dikurangi akumulasi accumulated penyusutan 340,765,517,580 1,573,590,933 - 342,339,108,513 depreciation

Beban penyusutan 45,438,876,664 532,771,044 - 45,971,647,708 Depreciation expense








29. ASET DAN KEWAJIBAN MONETER DALAMMATA UANG ASING

29. MONETARY ASSETS AND LIABILITIES IN FOREIGN CURRENCIES

Pada tanggal 30 Juni 2010 rincian aset dankewajiban moneter dalam mata uang asing yangdijabarkan dalam Rupiah adalah sebagai berikut:

As at 30 June 2010, details of monetary assets and liabilities denominated in foreign currencies translated into Rupiah are as follows:

EURO USD BND SGD

Aset moneter Monetary assets Kas dan setara kas 16,416 4,555,984 1,215,830 -Cash and cash equivalents Piutang usaha Trade receivables - Pihak ketiga - - 941,794 316,301 Third parties-

16,416 4,555,984 2,157,624 316,301

EURO USD BND SGD

Kewajiban moneter Monetary liabilities Hutang usaha Trade payables - Pihak ketiga (48,707) (488,715) - (76,838) Third parties -

Aktiva moneter bersih (32,291) 4,067,269 2,157,624 239,463 Net monetary assets

Setara Rupiah (357,999,822) 36,943,004,327 13,983,917,152 1,551,999,214 Rupiah equivalent

Jumlah dalam Rupiah-bersih 52,120,920,871 Total in Rupiah-net

30. KOMITMEN BARANG MODAL 30. CAPITAL COMMITMENTS Pada tanggal 30 Juni 2010, Perusahaan tidakmempunyai komitmen barang modal (2009: nihil)sehubungan dengan pengembangan fasilitasproduksi.

As at 30 June 2010, the Company has no capital commitments (2009: nil) relating to expansion of the production facility.

31. STANDAR AKUNTANSI BARU 31. PROSPECTIVE ACCOUNTING PRONOUNCEMENT

Dewan Standar Akuntansi Keuangan Ikatan Akuntan

Indonesia (DSAK-IAI) telah mengeluarkan revisi atasbeberapa standar akuntansi berikut ini:

The Financial Accounting Standard Board

(“FASB”) of the Indonesian Accounting Institute has revised the followings accounting standards:

Standar akuntansi keuangan yang akan berlakuuntuk laporan keuangan yang periodenya dimulaipada atau setelah 1 Januari 2010:

Financial accounting standards that will be applicable for financial statements covering periods beginning on or after 1 January 2010:

- PSAK 26 (Revisi 2008) - Biaya Pinjaman - SFAS 26 (Revised 2008) - Borrowing Cost

- PSAK 50 (Revisi 2006) - Instrumen Keuangan:Penyajian dan Pengungkapan

- SFAS 50 (Revised 2006) - Financial Instruments: Presentation and Disclosures

- PSAK 55 (Revisi 2006) - Instrumen Keuangan:Pengakuan dan Pengukuran

- SFAS 55 (Revised 2006) - Financial Instruments: Recognition and Measurement








31. STANDAR AKUNTANSI BARU (lanjutan) 31. PROSPECTIVE ACCOUNTING PRONOUNCEMENT (continued)

Standar akuntansi keuangan dan interpretasi yangakan berlaku untuk laporan keuangan yangperiodenya dimulai pada atau setelah 1 Januari2011:

Financial accounting standards and interpretation that will be applicable for financial statements covering periods beginning on or after 1 January 2011:

- PSAK 1 (Revisi 2009) - Penyajian LaporanKeuangan

- PSAK 2 (Revisi 2009) - Laporan Arus Kas

- PSAK 4 (Revisi 2009) - Laporan KeuanganKonsolidasian dan Laporan KeuanganTersendiri

- PSAK 5 (Revisi 2009) - Segmen Operasi

- PSAK 1 (Revised 2009) - Presentation of Financial Statements

- PSAK 2 (Revised 2009) - Statement of Cash Flows

- PSAK 4 (Revised 2009) - Consolidated and Separate Financial Statements

- PSAK 5 (Revised 2009) - Operating Segments

- PSAK 12 (Revisi 2009) - Bagian Partisipasidalam Ventura Bersama

- PSAK 15 (Revisi 2009) - Investasi pada EntitasAsosiasi

- PSAK 25 (Revisi 2009) - Kebijakan Akuntansi,Perubahan Estimasi Akuntansi, dan Kesalahan

- PSAK 48 (Revisi 2009) - Penurunan Nilai Aset

- PSAK 57 (Revisi 2009) - Provisi, LiabilitasKontinjensi, dan Aset Kontinjensi

- PSAK 58 (Revisi 2009) - Aset Tidak Lancaryang Dimiliki untuk Dijual dan Operasi yangDihentikan

- ISAK 7 - Konsolidasi Entitas Bertujuan Khusus

- ISAK 9 - Perubahan atas LiabilitasPurnaoperasi, Restorasi dan Liabilitas

Serupa

- ISAK 10 - Program Loyalitas Pelanggan

- PSAK 12 (Revised 2009) - Interests in Joint Ventures

- PSAK 15 (Revised 2009) - Investments in Associates

- PSAK 25 (Revised 2009) - Accounting Policies, Changes in Accounting Estimates and Errors

- PSAK 48 (Revised 2009) - Impairment of

Assets - PSAK 57 (Revised 2009) - Provisions,

Contingent Liabilities and Contingent Assets

- PSAK 58 (Revised 2009) - Non-current Assets Held for Sale and Discontinued Operations

- ISAK 7 - Consolidation of Special Purpose Entities

- ISAK 9 - Changes in Existing Decommissioning, Restoration and Similar Liabilities

- ISAK 10 - Customer Loyalty Programs

- ISAK 11 – Distribusi Asets Non-kas kepadaPemilik

- ISAK 12 – Pengendalian Bersama Entitas:kontribusi Non-moneter oleh Venturer

- ISAK 14 – Aset Tidak Berwujud:Biaya SitusWeb

- ISAK 11 –Distributions of Non-cash Assets to Owners

- ISAK 12 – Jointly Controlled Entities:Non- monetary Contributions by Venturers

- ISAK 14 –Intangible Assets: Web Site Costs








31.STANDAR AKUNTANSI BARU (lanjutan)

Yang akan berlaku untuk laporan keuangan yangperiodenya dimulai pada atau setelah 1 Januari2012:

31. PROSPECTIVE ACCOUNTINGPRONOUNCEMENT (continued)

Applicable for Financial accounting covering periods beginning on or after 1 January 2012:

- PSAK No.10 (Revisi 2009) –PengaruhPerubahan Nilai Tukar Valuta Asing

- ISAK 13 – Lindung Nilai Investasi Neto dalamKegiatan Usaha Luar Negeri

Manajemen masih mempelajari dampak yangmungkin timbul dari penerapan standard-standar initerhadap laporan keuangan konsolidasian.

- PSAK 10 (Revised 2009) – The Effects of Changes in Foreign Exchange Rate

- ISAK 13 –Hedges of a Net Investment in a Foreign Operation

Management is still evaluating the possible impact of these standards on the consolidated financial statements.

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