PT Central Omega Resources Tbk Dan Anak Perusahaan/And Its Subsidiaries

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PT Central Omega Resources Tbk

Dan Anak Perusahaan/And Its Subsidiaries

Laporan Keuangan Interim Konsolidasian (Tidak diaudit)/

Consolidated Interim Financial Statements (Unaudited)

Untuk Periode Tiga Bulan yang Berakhir pada Tanggal 31 Maret 2012

(Dengan Perbandingan Angka untuk Periode Tiga Bulan yang Berakhir pada

Tanggal 31 Maret 2011 dan 31 December 2011)

For The Three Month Periods Ended March 31, 2012

(With Comparative Balance for Three Month Periods Ended March 31,2011

and As Of December 31, 2011)

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PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN/AND ITS SUBSIDIARIES

DAFTAR ISI/TABLE OF CONTENTS

Halaman/

Page

Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Interim Keuangan Konsolidasian

PT Central Omega Resources Tbk dan Anak Perusahaan untuk Periode Tiga Bulan yang

Berakhir pada Tanggal 31 Maret 2012 (Dengan Perbandingan Angka untuk Periode Tiga

Bulan yang Berakhir pada Tanggal 31 Maret 2011 dan 31 Desember 2011/

Director’s Statement on the Responsibility for the Consolidated Interim Financial Statements of PT

Central Omega Resources Tbk and Its Subsidiaries for The Three Months Periods Ended

March 31, 2012 (With Comparative Balance for The Three Month Periods Ended March 31,

2011 and as of December 31, 2011)

LAPORAN KEUANGAN INTERIM KONSOLIDASIAN

- Untuk Periode Tiga Bulan yang Berakhir

pada Tanggal 31 Maret 2012 (Dengan Perbandingan Angka untuk Periode Tiga Bulan yang

Berakhir pada Tanggal 31 Maret 2011 dan 31 Desember 2011//

CONSOLIDATED INTERIM FINANCIAL STATEMENTS - For The Three Months Periods Ended

March 31, 2012 (With Comparative Balance for The Three Month Periods Ended March 31,

2011 and as of December 31, 2011)

Laporan Posisi Keuangan Interim Konsolidasian

/Consolidated Interim Statements of Financial

Position

1 Laporan Laba Rugi Interim Komprehensif Konsolidasian/

Consolidated Interim Statements of

Comprehensive Income

3 Laporan Perubahan Ekuitas Interim Konsolidasian/

Consolidated Interim Statements of

Changes in Equity

4 Laporan Arus Kas Interim Konsolidasian/

Consolidated Interim Statements of Cash Flows

5 Catatan atas Laporan Keuangan Interim Konsolidasian/

Notes to Consolidated Interim

Financial Statements

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PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN PT CENTRAL OMEGA RESOURCES Tbk AND ITS SUBSIDIARIES Laporan Posisi Keuangan Interim Konsolidasian Consolidated Interim Statements of Financial Position 31 Maret 2012 dan 31 December 2011 March 31, 2012 and December 31,2011

Catatan/

2012 Notes 2011

Rp Rp

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 925,035,328,090 2d,2e,2g,2h,3,4,18,27,28 1,000,232,715,905 Cash and cash equivalents Piutang usaha - pihak ketiga 256,915,060,004 2d,2h,3,5,18,28 152,880,622,072 Trade accounts receivable - third parties

Piutang lain-lain 379,684,774 2h,3,18,27,28 27,883,006,150 Other accounts receivable

Persediaan 14,814,497,885 2i,6 12,437,257,042 Inventories

Uang muka 35,701,405,031 7 26,571,104,978 Advance payment

Pajak dibayar dimuka - 2t - Prepaid taxes

Biaya dibayar dimuka dan aset lancar lainnya 52,586,769 2j 1,951,253,081 Prepaid expenses and other current assets

Jumlah Aset Lancar 1,232,898,562,552 1,221,955,959,228 Total Current Assets ASET TIDAK LANCAR NONCURRENT ASSETS

Aset pajak tangguhan 1,007,519,220 2t,3,25 269,497,592 Deferred tax assets

Aset tetap - setelah dikurangi akumulasi Property and equipment - net of

penyusutan sebesar Rp 2.083.961.695 accumulated depreciation amounting to

dan Rp 5.455.093.253 masing-masing Rp 2,083,961,695 and Rp 5,455,093,253

pada tanggal 31 Maret 2012 as of March 31, 2012

dan 31 Desember 2011 77,997,702,637 2k,2p,3,8,15,16 22,101,255,463 and December 31, 2011 respectively

Biaya eksplorasi dan pengembangan Deferred exploration and development

yang ditangguhkan - setelah dikurangi costs - net of accumulated amortization of

akumulasi amortisasi sebesar Rp 11,754,177,359 and

Rp 11.754.177.359 dan Rp 6.399.220.407 Rp 6,399,220,407 as of March 31, 2012

masing-masing pada tanggal and December 31,2011, respectively

31 March 2012 dan 31 Desember 2011 59,670,113,520 2m,2p,3,9 55,099,377,371

Goodwill - 2n,17 - Goodwill

Aset lain-lain 2,107,788,395 2n,2p,3 1,857,355,834 Other noncurrent assets

Jumlah Aset Tidak Lancar 140,783,123,772 79,327,486,260 Total Noncurrent Assets JUMLAH ASET 1,373,681,686,324 1,301,283,445,488 TOTAL ASSETS

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

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-PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN PT CENTRAL OMEGA RESOURCES Tbk AND ITS SUBSIDIARIES Laporan Posisi Keuangan Interim Konsolidasian Consolidated Interim Statements of Financial Position 31 Maret 2012 dan 31 December 2011 March 31, 2012 and December 31,2011

Catatan/

2012 Notes 2011

Rp Rp

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha - pihak ketiga 610,888,575 2h,18,28 449,417,355 Trade accounts payable - third party

Utang lain-lain 2h,10,18,28 Other accounts payable

Pihak berelasi - 2e,27 - Related party

Pihak ketiga 9,467,596,045 28 10,788,218,758 Third parties

Utang pajak 79,405,372,933 2t,11 53,228,100,101 Taxes payable

Biaya yang masih harus dibayar 43,855,849,994 2d,2h,12,18,28,29 40,005,635,833 Accrued expenses Uang muka pelanggan 14,213,812,748 2r,13,29 14,213,812,748 Advances from customer

Pinjaman - 2h,18,28 4,500,000,000 Loan payable

Utang jangka panjang yang jatuh tempo dalam

waktu satu tahun: 2h,18,27 Current portion of long term-liabilities:

Provisi biaya reklamasi 5,825,000,000 2q,14 3,669,750,000 Provision for reclamation costs Utang pembelian kendaraan 121,504,026 15 2,694,628,222 Loan for purchase of vehicles Liabilitas sewa pembiayaan 116,365,740 2l,3,16 4,580,142,461 Lease liabilities

Jumlah Liabilitas Jangka Pendek 153,616,390,061 134,129,705,478 Total Current Liabilities LIABILITAS JANGKA PANJANG NONCURRENT LIABILITIES

Cadangan imbalan pasca-kerja 1,424,887,280 2s,3,24 1,424,887,280 Post-employment benefit reserve Utang jangka panjang yang jatuh tempo lebih

dari satu tahun: 2h,18,27 Long term liabilities - net of current portion:

Provisi biaya reklamasi 4,543,500,000 2q,14 4,543,500,000 Provision for reclamation costs Utang pembelian kendaraan 243,694,614 15 1,370,148,258 Loan for purchase of vehicles Liabilitas sewa pembiayaan 241,557,325 2l,3,16 1,188,896,735 Lease liabilities

Jumlah Liabilitas Jangka Panjang 6,453,639,219 8,527,432,273 Total Noncurrent Liabilities Jumlah Liabilitas 160,070,029,280 142,657,137,751 Total Liabilities GOODWILL NEGATIF - 2n,17 - NEGATIVE GOODWILL EKUITAS (DEFISIENSI MODAL) EQUITY (CAPITAL DEFICIENCY)

Ekuitas yang dapat diatribusikan kepada Equity attributable to owners of

pemilik entitas induk the Company

Modal saham - nilai nominal Rp 500

per saham Capital stock - Rp 500 par value per share

Modal dasar - 4.000.000.000 saham Authorized - 4,000,000,000 shares

dan 156.000.000 saham masing- and 156,000,000 shares as of

masing pada tanggal 31 Maret March 31, 2012 and

2012 dan 31 Desember 2011 December 31, 2011, respectively

Modal ditempatkan dan disetor

penuh - 1.093.040.000 saham Issued and fully paid-up - 1,093,040,000

dan 109.304.000 saham shares and 109,304,000 shares

masing-masing pada tanggal as of March 31, 2012 and

31 Maret 2012 dan 31 Desember 2011 546,520,000,000 19 546,520,000,000 December 31, 2011, respectively

Agio saham 491,472,175,789 20 491,472,175,789 Additional paid-in capital

Saldo laba (defisit) 175,318,639,166 120,376,204,202 Retained earnings (deficit)

1,213,310,814,955

1,158,368,379,991

Kepentingan non-pengendali 300,842,088 2c 257,927,746 Noncontrolling interest

Jumlah Ekuitas (Defisiensi Modal) 1,213,611,657,043 1,158,626,307,737 Total Equity (Capital Deficiency) JUMLAH LIABILITAS DAN EKUITAS 1,373,681,686,324 1,301,283,445,488 TOTAL LIABILITIES AND EQUITY

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-PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN PT CENTRAL OMEGA RESOURCES Tbk AND ITS SUBSIDIARIES Laporan Laba Rugi Interim Komprehensif Konsolidasian Consolidated Interim Statements of Comprehensive Income Untuk Periode Tiga Bulan yang Berakhir pada Tanggal 31 Maret 2012 For The Three Months Period Ended March 31,2012 (Dengan Angka Perbandingan untuk Periode Tiga Bulan (With Comparative Balance for Three Months Period yang Berakhir pada Tanggal 31 Maret 2011) Ended March 31, 2011)

Catatan/

2012 Notes 2011

Rp Rp

PENJUALAN 208,175,481,000 2r,21 14,892,390,000 SALES BEBAN POKOK PENJUALAN (99,745,645,213) 2r,22 (2,605,559,854) COST OF SALES LABA BRUTO 108,429,835,787 12,286,830,146 GROSS PROFIT

Beban pemasaran (68,520,900) (7,330,400) Marketing expenses

Beban umum dan administrasi (8,391,818,788) 2r,2s,23,24,29 (2,719,853,174) General and administrative expenses

Beban eksplorasi (1,329,143,851) - Exploration expenses

Pendapatan bunga 2,949,385,699 10,406,765 Interest income

Keuntungan selisih kurs 8,711,340,487 2d (78,324,895) Gain on foreign exchange

Beban administrasi bank (133,586,688) (5,927,758) Bank administration charges

Beban bunga (678,889,930) (341,425,092) Interest expense

Lain-lain (6,879,217,218) (18,156,200) Others

LABA (RUGI) SEBELUM PAJAK 102,609,384,598 9,126,219,392 INCOME (LOSS) BEFORE TAX BEBAN (PENGHASILAN) PAJAK 2t,25 TAX EXPENSE (BENEFIT)

Pajak kini (26,717,598,454) (2,893,556,915) Current tax

Pajak tangguhan 738,021,628 725,402,919 Deferred tax

Jumlah (25,979,576,826) (2,168,153,996) Total

LABA (RUGI) BERSIH 76,629,807,772 6,958,065,396 NET INCOME (LOSS)

PENDAPATAN KOMPREHENSIF LAIN - - OTHER COMPREHENSIVE INCOME JUMLAH LABA (RUGI) KOMPREHENSIF 76,629,807,772 6,958,065,396 TOTAL COMPREHENSIVE INCOME (LOSS) JUMLAH LABA (RUGI) BERSIH/LABA (RUGI)

KOMPREHENSIF YANG DAPAT TOTAL NET INCOME (LOSS)/COMPREHENSIVE DIATRIBUSIKAN KEPADA: INCOME (LOSS) ATTRIBUTABLE TO:

Pemilik entitas induk 76,586,893,430 5,566,452,317 Owners of the Company

Kepentingan non-pengendali 42,914,342 2c 1,391,613,079 Non-controlling interest

Jumlah 76,629,807,772 6,958,065,396 Total

LABA (RUGI) PER SAHAM DASAR 70.1 2u,26 50.9 BASIC EARNING (LOSS) PER SHARE

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-PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN PT CENTRAL OMEGA RESOURCES Tbk AND ITS SUBSIDIARIES

Laporan Perubahan Ekuitas (Defisiensi Modal) Interim Konsolidasian Consolidated Interim Statements of Changes in Equity (Capital Deficiency)

Untuk Periode Tiga Bulan yang Berakhir pada Tanggal 31 Maret 2012 For The Three Months Period Ended March 31, 2012

(Dengan Angka Perbandingan untuk Periode Tiga Bulan (With Comparative Balance for Three Months Period

yang Berakhir pada Tanggal 31 Maret 2011) Ended March 31, 2011)

Modal Ditempatkan

dan Disetor

Penuh/ Kepentingan Jumlah Ekuitas

Issued and Fully Agio Saham/ Saldo Laba (Defisit)/ Non-pengendali/ (Defisiensi Modal)/ Catatan/ Paid up Additional Retained Earnings Jumlah/ Non-controlling Total Equity

Notes Capital Stock Paid-in Capital (Deficit) Total Interest (Capital Deficiency)

Rp Rp Rp Rp Rp Rp

Saldo pada tanggal 1 Januari 2011 54,652,000,000 2,215,200,000 (58,199,261,917) (1,332,061,917) 582,436 (1,331,479,481) Balance as of January 1, 2011

Jumlah rugi komprehensif - - 5,566,452,317 5,566,452,317 1,391,613,079 6,958,065,396 Total comprehensive loss

Saldo pada tanggal 31 Maret 2011 54,652,000,000 2,215,200,000 (52,632,809,600) 4,234,390,400 1,392,195,515 5,626,585,915 Balance as of December 31, 2011

Penghentian pengakuan goodwill negatif sesuai Derecognition of negative goodwill in accordance

dengan ketentuan transisi PSAK No. 22 with transitional provision of PSAK No. 22

(Revisi 2010), "Kombinasi Bisnis" 2b,17 - - 1,357,531,728 1,357,531,728 - 1,357,531,728 (Revised 2010), "Business Combination"

Saldo setelah penghentian pengakuan goodwill negatif sesuai Balance after adjustment for derecognition of negative

dengan ketentuan transisi PSAK No. 22 goodwill in accordance with transitional provision of

(Revisi 2010), "Kombinasi Bisnis" PSAK No. 22 (Revised 2010), "Business Combination"

54,652,000,000 2,215,200,000 (51,275,277,872) 5,591,922,128 1,392,195,515 6,984,117,643

Penambahan modal melalui Penawaran Umum Terbatas Addition paid in capital for Rights Offering

dari 983.736.000 saham di bulan November 2011 19 491,868,000,000 - - 491,868,000,000 - 491,868,000,000 in November 2011 of 983,736,000 shares

Tambahan modal disetor - bersih 20 - 489,256,975,789 - 489,256,975,789 - 489,256,975,789 Additional paid-in capital - net

Jumlah laba komprehensif - - 171,651,482,074 171,651,482,074 (1,134,267,769) 170,517,214,305 Total comprehensive income

Saldo pada tanggal 31 Desember 2011 546,520,000,000 491,472,175,789 120,376,204,202 1,158,368,379,991 257,927,746 1,158,626,307,737 Balance as of December 31, 2011

Jumlah rugi komprehensif dari PT Itamatra Nusantara - - (21,644,458,466) (21,644,458,466) - (21,644,458,466) Total comprehensive loss - PT Itamatra Nusantara

Jumlah laba komprehensif - - 76,586,893,430 76,586,893,430 42,914,342 76,629,807,772 Total comprehensive income

Saldo pada tanggal 31 Maret 2012 546,520,000,000 491,472,175,789 175,318,639,166 1,213,310,814,955 300,842,088 1,213,611,657,043 Balance as of March 31, 2012

Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to consolidated financial statements

bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. which are an integral part of the consolidated financial statements.

Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/

Equity Attributable to Owners of the Company

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-PT CENTRAL OMEGA RESOURCES Tbk DAN ANAK PERUSAHAAN PT CENTRAL OMEGA RESOURCES Tbk and ITS SUBSIDIARIES Laporan Arus Kas Interim Konsolidasian Consolidated Interim Statements of Cash Flows Untuk Periode Tiga Bulan yang Berakhir Pada Tanggal 31 Maret 2012 For Three Months Period Ended March 31, 2012 (Dengan Angka Perbandingan untuk Periode Tiga Bulan yang (With Comparative Balance for Three Months Period Berakhir pada Tanggal 31 Maret 2011) Ended March 31, 2011)

2012 2011 Rp Rp

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan dari pelanggan 104,141,043,068 33,759,243,235 Cash received from customers

Pembayaran kepada kontraktor, pemasok dan lainnya (101,235,839,730) (3,351,509,663) Payment to contractors, suplpliers and others

Pembayaran kepada karyawan (1,602,806,383) - Payment to employees

Pembayaran iuran dana hasil produksi

kepada pemerintah (6,845,221,455) - Payment of royalty to government

Penghasilan bunga 2,949,385,699 10,406,765 Interest income

Pembayaran beban bunga (678,889,930) (341,425,092) Interest paid

Kas Bersih diperoleh dari (Digunakan untuk) Net Cash Provided by (Used in)

Aktivitas Operasi (3,272,328,730) 30,076,715,245 Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Perolehan aset tetap (57,980,408,869) (2,348,091,200) Acquisition of property and equipment

Peningkatan aset tidak lancar lainnya (250,432,561) - Increase in other noncurrent assets

Increase in advances for purchase of property

Kenaikan uang muka pembelian aset tetap (83,523,685) - and equipment

Kenaikan biaya eksplorasi dan pengembangan - (13,418,253,969) Increase in exploration and developmet costs Kas Bersih Digunakan untuk Aktivitas Investasi (58,314,365,115) (15,766,345,169) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Pembayaran utang sewa pembiayaan (5,411,116,131) (26,655,911) Payment of lease liabilities

Payment of loan for purchase of property

Pembayaran utang pembelian aset tetap (3,699,577,839) - and equipment

Penerimaan pinjaman 6,046,970,423 Proceeds from loans

Pembayaran pinjaman (4,500,000,000) Payment of loans

Kas Bersih Diperoleh dari Aktivitas Pendanaan (13,610,693,970) 6,020,314,512 Net Cash Provided by Financing Activities

KENAIKAN BERSIH KAS DAN SETARA KAS (75,197,387,815) 20,330,684,588 NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL TAHUN 1,000,232,715,905 4,373,368,677 AT THE BEGINNING OF THE YEAR

Pengaruh perubahan kurs mata uang asing - - Effect of foreign exchange rate changes

CASH AND CASH EQUIVALENTS KAS DAN SETARA KAS AKHIR TAHUN 925,035,328,090 24,704,053,265 AT THE END OF THE YEAR

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