31 MARET 2005 DAN 2004 MARCH 31, 2005 AND Catatan/ 2005 Notes 2004

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PT BIMANTARA CITRA Tbk. DAN ANAK PERUSAHAAN PT BIMANTARA CITRA Tbk. AND ITS SUBSIDIARIES

NERACA KONSOLIDASI CONSOLIDATED BALANCE SHEETS

31 MARET 2005 DAN 2004 MARCH 31, 2005 AND 2004

(Angka dalam tabel dinyatakan dalam jutaan Rupiah) (Figures in tables stated in millions of Rupiah)

Catatan/

2005 Notes 2004

AKTIVA ASSETS

AKTIVA LANCAR CURRENT ASSETS

Kas dan setara kas 73,630 2e,4 161,267 Cash and cash equivalents

Investasi jangka pendek 726,887 2f,5,42 641,372 Short-term investments

Piutang usaha - setelah Trade accounts receivable -

dikurangi penyisihan piutang ragu-ragu net of allowance for doubtful accounts of

Rp 4.530 juta tahun 2005 dan Rp 4,530 million in 2005 and

Rp 37.062 juta tahun 2004 Rp 37,062 million in 2004

Pihak hubungan istimewa - 2g,6,16,23,42 2,305 Related parties

Pihak ketiga 478,011 2g,6,16,23 377,191 Third parties

Piutang lain-lain 47,753 2g,7 33,771 Other accounts receivable

Persediaan 488,895 2h,8,16,23 442,400 Inventories

Uang muka dan biaya dibayar dimuka 197,666 2i,9 119,066 Advances and prepaid expenses

Pajak dibayar dimuka 105,860 10 76,171 Prepaid taxes

Jumlah Aktiva Lancar 2,118,702 1,853,543 Total Current Assets

AKTIVA TIDAK LANCAR NONCURRENT ASSETS

Rekening bank dibatasi penggunaannya 29 23 29 Restricted cash in bank Aktiva pajak tangguhan - bersih 259,860 2q,38 208,004 Deferred tax assets Investasi pada perusahaan asosiasi 721,786 2f,11 652,481 Investments in associates

Investasi lain 304,756 2f,12 140,320 Other investments

Aktiva tetap - setelah dikurangi Fixed assets - net of accumulated

akumulasi penyusutan depreciation of

Rp 2.041.745 juta tahun 2005 dan Rp 2,041,745 million in 2005 and

Rp 1.725.308 juta tahun 2004 2,538,373 2j,2k,13 2,165,841 Rp 1,725,608 million in 2004 Piutang pihak hubungan istimewa 8,359 2g,41 38,662 Receivables from related parties

Goodwill 324,618 2b,14,40 223,609 Goodwill

Aktiva lain-lain 667,705 2i,2l,15 336,598 Other assets

Jumlah Aktiva Tidak Lancar 4,825,485 3,765,544 Total Noncurrent Assets

JUMLAH AKTIVA 6,944,186 5,619,087 TOTAL ASSETS

Lihat catatan atas laporan keuangan konsolidasi yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasi.

See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements.

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PT. BIMANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. BIMANTARA CITRA Tbk AND ITS SUBSIDIARIES

NERACA KONSOLIDASI CONSOLIDATED BALANCE SHEETS

31 MARET 2005 DAN 2004 MARCH 31, 2005 AND 2004

(Angka dalam tabel dinyatakan dalam jutaan Rupiah) - Lanjutan (Figures in tables stated in millions of Rupiah) - Continued

Catatan/

2005 Notes 2004

KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES

Pinjaman jangka pendek 126,441 16 323,016 Short-term loans

Wesel bayar 100,000 17 160,000 Notes payable

Hutang usaha 303,268 18 208,019 Trade accounts payable

Hutang lain-lain 57,238 19 104,927 Other accounts payable

Pendapatan belum diakui 49,838 2m,20 43,852 Unearned revenues

Hutang pajak 91,096 2q,21 102,399 Taxes payable

Biaya masih harus dibayar 208,685 22 234,902 Accrued expenses

Hutang jangka panjang jatuh Current maturities of long-term

tempo dalam satu tahun liabilities

Pinjaman jangka panjang 360,612 2p,23 255,087 Long-term loans

Sewa guna usaha 10,485 2k,24 19,812 Lease liabilities

Jumlah Kewajiban Lancar 1,307,663 1,452,014 Total Current Liabilities

KEWAJIBAN TIDAK LANCAR NONCURRENT LIABILITIES

Kewajiban pajak tangguhan 26,293 2q,39 20,489 Deferred tax liabilities Hutang pihak hubungan istimewa 3,405 42 12,227 Payables to related parties

Goodwill negatif 81 2b,14,40 6,551 Negative goodwill

Hutang jangka panjang-setelah

dikurangi bagian yang jatuh tempo Long-term liabilities - net of

dalam satu tahun current maturities

Pinjaman jangka panjang 1,106,438 2p,23 1,270,434 Long-term loans

Sewa guna usaha 25,673 2k,24 35,747 Lease liabilities

Hutang obligasi 1,185,160 25 550,000 Bonds payable

Kewajiban tidak lancar lain-lain 177,192 2k,2p,26 120,514 Other noncurrent liabilities Jumlah Kewajiban Tidak Lancar 2,524,241 2,015,962 Total Noncurrent Liabilities

HAK MINORITAS 310,205 27 292,318 MINORITY INTERESTS

EKUITAS EQUITY

Modal saham - nilai nominal Capital stock - Rp 500 par value

Rp 500 per saham per share

Modal dasar - 3 miliar saham Authorized - 3 billion shares

Modal ditempatkan dan disetor - Issued and paid-up

1.296.797.040 saham tahun 2005 dan 1,296,797,040 shares in 2005 and 1.028.009.956 saham tahun 2004 648,399 28 514,005 1,028,009,956 shares in 2004

Agio saham 727,265 29 189,987 Additional paid-in capital

Modal sumbangan 410 30 410 Donated capital

Modal lain-lain - opsi saham karyawan 5,030 2o,41 6,980 Other capital - employee stock option Selisih kurs penjabaran laporan keuangan 135,829 2d,11 97,024 Translation adjustments

Keuntungan (kerugian) belum direalisasi efek Unrealized gain (loss) on available ekuitas tersedia dijual 35,411 2f,12 (2,726) for sale equity securities

Saldo laba 1,249,735 1,053,113 Retained earnings

Jumlah Ekuitas 2,802,078 1,858,793 Total Equity

JUMLAH KEWAJIBAN DAN EKUITAS 6,944,186 5,619,087 TOTAL LIABILITIES AND EQUITY See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements.

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PT BIMANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT BIMANTARA CITRA Tbk AND ITS SUBSIDIARIES

LAPORAN LABA RUGI KONSOLIDASI CONSOLIDATED STATEMENTS OF INCOME

UNTUK PERIODE-PERIODE YANG BERAKHIR 31 MARET 2005 DAN 2004 FOR THE PERIODS ENDED MARCH 31, 2005 AND 2004 (Angka dalam tabel dinyatakan dalam jutaan Rupiah) (Figures in tables stated in millions of Rupiah)

Catatan/

2005 Notes 2004

PENDAPATAN 533,172 2m,32 380,695 REVENUES

BEBAN POKOK PENJUALAN 254,060 2m,33 161,897 COST OF SALES

LABA KOTOR 279,112 218,798 GROSS PROFIT

BEBAN USAHA 229,133 2m,34 210,466 OPERATING EXPENSES

LABA USAHA 49,979 8,332 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN 2m OTHER INCOME (CHARGES)

Penghasilan bunga 1,592 2e,2f 1,523 Interest income

Beban bunga (43,798) 16,23 (46,086) Interest expense

Keuntungan (kerugian) kurs mata uang

asing - bersih (28,408) 2d 1,158 Gain (loss) on foreign exchange - net

Lain-lain - bersih 3,720 35 4,188 Others - net

Penghasilan (Beban) Lain-lain - Bersih (66,894) (39,217) Other Income (Charges) - Net

BAGIAN LABA BERSIH PERUSAHAAN EQUITY IN NET INCOME OF

ASOSIASI 20,880 2f,11 9,315 ASSOCIATES

LABA (RUGI) SEBELUM PAJAK 3,965 (21,570) INCOME (LOSS) BEFORE TAX MANFAAT (BEBAN) PAJAK (13,663) 2q,36 15,788 TAX BENEFIT (EXPENSES)

RUGI SEBELUM HAK MINORITAS (9,698) (5,782) LOSS BEFORE MINORITY INTERESTS

HAK MINORITAS 24,770 27 23,702 MINORITY INTERESTS

LABA BERSIH 15,072 17,920 NET INCOME

LABA PER SAHAM EARNINGS PER SHARE

(Rupiah penuh) 2r,38 (Full Rupiah amount)

Termasuk pos tidak berulang Including nonrecurring items

Saham dasar 12 17 Basic

Saham dilusian 12 17 Diluted

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LAPORAN PERUBAHAN EKUITAS KONSOLIDASI CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

UNTUK PERIODE-PERIODE YANG BERAKHIR 31 MARET 2005 DAN 2004 FOR THE PERIODS ENDED MARCH 31, 2005 AND 2004

(Angka dalam tabel dinyatakan dalam jutaan Rupiah) (Figures in tables stated in millions of Rupiah)

Keuntungan (kerugian) belum

direalisasi efek ekuitas Selisih tersedia dijual/

Modal lain-lain - kurs Unrealized

Agio opsi saham penjabaran gain (loss) on

saham/ Modal karyawan/ laporan available Jumlah

Modal Additional sumbangan/ Other capital - keuangan/ for sale Saldo laba/ ekuitas/

Catatan/ disetor/ paid-in Donated employee stock Translation equity Retained Total

Notes Capital stock capital capital option adjustments securities earnings equity

Saldo per 1 Januari 2004 512,100 410185,667 9,847 99,081 (2,726) 1,060,887 1,865,266 Balance at January 1, 2004

Opsi saham karyawan 2o,41 1,673 4,552 - (2,867) - - - 3,358 Employees stock option

Penyesuaian selisih kurs 2d,11 - - - - (2,057) - - (2,057) Foreign currency translation adjustment

Dividen 37 - - - - - - (25,694) (25,694) Dividend

Laba bersih periode berjalan - - - - - - 17,920 17,920 Net income for the period

Saldo per 31 Maret 2004 513,773 190,219 410 6,980 97,024 (2,726) 1,053,113 1,858,793 Balance at March 31, 2004 Saldo per 1 Januari 2005 648,183 410726,678 5,259 128,953 26,111 1,234,663 2,770,257 Balance at January 1, 2005

Opsi saham karyawan 2o,41 216 587 - (229) - - - 574 Employees stock option

Penyesuaian selisih kurs 2d,11 - - - - 6,876 - - 6,876 Foreign currency translation adjustment

Keuntungan belum direalisasi Unrealized gain on available for

efek ekuitas tersedia dijual 2f,12 - - - - - 9,300 - 9,300 sale equity securities

Laba bersih periode berjalan - - - - - - 15,072 15,072 Net income for the period

Saldo per 31 Maret 2005 648,399 410727,265 5,030 135,829 35,411 1,249,735 2,802,078 Balance at March 31, 2005

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LAPORAN ARUS KAS KONSOLIDASI CONSOLIDATED STATEMENTS OF CASH FLOWS

UNTUK PERIODE-PERIODE YANG BERAKHIR 31 MARET 2005 DAN 2004 FOR THE PERIODS ENDED MARCH 31, 2005 AND 2004 (Angka dalam tabel dinyatakan dalam jutaan Rupiah) (Figures in tables stated in millions of Rupiah)

2005 2004

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan kas dari pelanggan 771,555 548,363 Cash receipts from customers

Pembayaran kas kepada pemasok Cash paid to suppliers and

dan karyawan (663,915) (522,667) employees

Kas dihasilkan dari (digunakan untuk) operasi 107,640 25,696 Cash generated from (used in) operations Pembayaran pajak penghasilan (35,369) (51,910) Income tax paid

Pembayaran bunga (34,360) (47,261) Interest paid

Kas Bersih Diperoleh dari (Digunakan untuk) Net Cash Provided by (Used in) Aktivitas Operasi 37,911 (73,475) Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Penerimaan bunga 3,146 1,323 Interest received

Pencairan (penempatan) investasi jangka pendek (21,922) 167,726 Redemptions (placements) in short-term investments Penambahan investasi pada anak perusahaan (20,020) (36,430) Additions to investment in subsidiaries

Hasil penjualan investasi lain - 98 Proceeds from sale of other investments Perolehan aktiva tetap (59,357) (76,467) Acquisitions of fixed assets

Hasil penjualan aktiva tetap 2 2,166 Proceeds from sale of fixed assets Penambahan aktiva lain-lain (36,592) (38,390) Additions to other assets

Kas Bersih Digunakan untuk Aktivitas Investasi (134,743) 20,026 Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan pinjaman jangka pendek 43,415 (7,235) Proceeds from short-term loans Penerimaan pinjaman jangka panjang 24,519 32,544 Proceeds from long-term loans Pembayaran hutang sewa guna usaha (3,081) (2,580) Payments of lease liabilities

Setoran modal dari : Capital contribution from :

Pemegang saham minoritas anak perusahaan - 23,401 Minority stockholders of a subsidiary Pelaksanaan opsi program kepemilikan saham 574 3,358 Exercise of the employee stock option

Pembayaran dividen (1) - Dividends paid

Pembayaran dividen oleh anak perusahaan Dividends paid by subsidiaries to kepada pemegang saham minoritas - (77,851) their minority stockholders

Kas Bersih Diperoleh dari Aktivitas Pendanaan 65,426 (28,363) Net Cash Provided by Financing Activities

PENURUNAN BERSIH KAS DAN SETARA KAS (31,406) (81,812) NET DECREASE IN CASH AND CASH EQUIVALENT CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL TAHUN 104,930 243,101 AT BEGINNING OF YEAR

Pengaruh perubahan kurs mata uang asing 106 (22) Effect of foreign exchange rate changes CASH AND CASH EQUIVALENTS AT END KAS DAN SETARA KAS AKHIR PERIODE 73,630 161,267 OF PERIOD