Laporan Keuangan Tahunan 2012 PT Bakrieland Development Tbk

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DAFTAR ISI

Halaman/

P a g e

Surat Pernyataan Direksi

Laporan Auditor Independen

Laporan Posisi Keuangan Konsolidasian

Laporan Laba Rugi Komprehensif

Konsolidasian

Laporan Perubahan Ekuitas Konsolidasian

Laporan Arus Kas Konsolidasian

Catatan Atas Laporan Keuangan Konsolidasian

i - iv

1 - 4

5 - 6

7 - 8

9 10 - 199

Directors’ Statement Letter

Independent Auditors’ Report

Consolidated Statements of Financial Position

Consolidated Statements of Comprehensive

Income

Consolidated Statements of Changes in Equity

Consolidated Statements of Cash Flows

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Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

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

Notes December 31, 2012 December 31, 2011* (December 31, 2010)*

A S E T A S S E T S

Aset Lancar Current Assets

Kas dan setara kas 2d,2i,5,52 268.369.116.374 597.128.042.339 860.557.957.179 Cash and cash equivalents

Investasi jangka pendek 2i,6,52 24.233.263.875 6.685.468.837 775.342.421.134 Short-term investment

Piutang usaha Trade receivables

Pihak ketiga - setelah dikurangi Third parties - net of

cadangan kerugian allowance for impairment

penurunan nilai sebesar losses of

Rp 102.486.381.864 Rp 102,486,381,864 as of

pada 31 Desember 2012 December 31, 2012

dan Rp 57.413.489.729 pada and Rp 57,413,489,729 as of

31 Desember 2011 December 31, 2011

(Rp 44.540.176.057 pada (Rp 44,540,176,057 as of

1 Januari 2011/ January 1, 2011/

31 Desember 2010) 2i,7,52 820.440.230.859 991.930.558.167 1.042.256.529.855 December 31, 2010)

Pihak berelasi - Related parties - net of

setelah dikurangi cadangan allowance for

kerugian penurunan impairment losses of

nilai sebesar Rp 5.757.041.934 Rp 5,757,041,934

pada 31 Desember 2012 as of December 31, 2012

(Rp 1.872.500.645 (Rp 1,872,500,645

pada 1 Januari 2011/ as of January 1, 2011/

31 Desember 2010) 2f,2i,7,43a,52 212.524.588.405 174.446.478.872 126.170.674.401 December 31, 2010)

Piutang lain-lain Other receivables

Pihak ketiga - setelah dikurangi Third parties - net of allowance

cadangan kerugian penurunan for impairment losses of

nilai sebesar Rp 44.001.669 Rp 44,001,669 as of

pada 31 Desember 2012 December 31, 2012 and 2011

dan 2011 (Rp 44.001.669 pada (Rp 44,001,669 as of

31 Desember 2010) 2i,8,52 266.136.204.616 829.163.823.238 565.891.395.417 December 31, 2010)

Pihak berelasi - setelah dikurangi Related parties - net of

cadangan kerugian penurunan allowance for impairment

nilai sebesar Rp 2.866.983.437 losses of Rp 2,866,983,437

pada 31 Desember 2012 dan 2011 as of December 31, 2012 and 2011

(Rp 2.866.983.437 pada (Rp 2,866,983,437 as of

31 Desember 2010) 2f,2i,8,43b,52 2.870.919.777 704.106.754 - December 31, 2010)

Persediaan 2j,9 1.695.358.232.356 1.816.318.578.119 1.557.527.766.718 Inventories

Pajak dibayar di muka 2s,26a 8.404.783.369 4.168.616.145 2.507.258.722 Prepaid taxes

Uang muka dan biaya dibayar di muka 2g,10 387.825.278.700 1.207.537.947.709 596.144.709.624 Advances and prepaid expenses

Aset yang diklasifikasikan sebagai

dimiliki untuk dijual 2ii,18 140.475.000.000 - - Assets classified as held for sale

Jumlah Aset Lancar 3.826.637.618.331 5.628.083.620.180 5.526.398.713.050 Total Current Assets

Aset Tidak Lancar Non-Current Assets

Dana dalam pembatasan 2d,2i,11,52 309.783.703.675 239.288.930.699 293.916.870.346 Restricted funds

Piutang pihak berelasi - Due from related parties - net of

setelah dikurangi cadangan allowance for impairment

kerugian penurunan nilai sebesar losses of Rp 515,885,952,207

Rp 515.885.952.207 pada as of December 31, 2012 and

31 Desember 2012 dan Rp 411,758,406 as of

Rp 411.758.406 pada December 31, 2011

31 Desember 2011 (Rp 411,758,406 as of

(Rp 411.758.406 pada 1 Januari January 1, 2011/

2011/31 Desember 2010) 2f,2i,43c,52 64.236.985.781 44.193.251.030 11.041.775.494 December 31, 2010)

Penyertaan saham 2i, 2l,12 1.240.568.188.114 298.799.973.340 349.338.252.880 Investment in shares of stock

Tanah yang belum dikembangkan 2k,13 5.093.202.757.655 4.961.393.817.677 4.875.570.086.657 Land bank

Properti investasi - setelah dikurangi Investment properties - net

akumulasi penyusutan of accumulated depreciation of

sebesar Rp 32.792.246.950 Rp 32,792,246,950

pada 31 Desember 2012 as of December 31, 2012

31 Desember 2011 December 31,2011

(Rp 9.289.959.853 pada 1 Januari (Rp 9,289,959,853 as of January 1,

2011/31 Desember 2010) 2m,14 949.840.756.020 472.566.282.510 61.359.992.704 2011/December 31, 2010)

*) Disajikan kembali sehubungan dengan penerapan Pencabutan Pernyataan Standar Akuntansi Keuangan (PPSAK) No. 7 paragraf 56-61: Penyajian, yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah 1 Januari 2012 (lihat Catatan 2gg).

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Catatan/ 31 Desember 2012/ 31 Desember 2011/ January 1, 2011

Hak pengusahaan jalan tol - setelah Toll road concession rights assets

-dikurangi akumulasi amortisasi net of accumulated amortization of

sebesar Rp nihil pada Rp nil as of

31 Desember 2012 dan December 31, 2012 and

Rp 141.864.640.758 pada Rp 141,864,640,758 as of

(Rp 40.881.237.632 pada (Rp 40,881,237,632 as of

1 Januari 2011/31 Desember 2010) 2o,2hh,15 - 2.920.621.190.556 2.970.586.390.265 January 1, 2011/December 2010)

Aset tetap - setelah dikurangi akumulasi Fixed assets - net of accumulated

penyusutan sebesar depreciation of

Rp 716.282.306.378 pada Rp 716,282,306,378 as of

31 Desember 2012 dan December 31, 2012 and

Rp 623.033.897.585 pada Rp 623,033,897,585 as of

(Rp 538.013.277.453 pada (Rp 538,013,277,453 as of

1 Januari 2011/31 Desember 2010) 2n,2o,2p,16 3.498.009.020.446 2.565.593.225.157 2.548.267.970.292 January 1, 2011/December 2010)

Aset pajak tangguhan - bersih 2s,26f 10.295.214.492 133.162.185.360 67.887.921.653 Deferred tax assets - net

Goodwill 2c,17a 34.699.665.173 33.598.690.327 41.239.243.053 Goodwill

Aset lain-lain 2i,19,52 208.359.073.507 410.648.431.581 318.588.557.863 Other assets

Jumlah Aset Tidak Lancar 11.408.995.364.863 12.079.865.978.237 11.537.797.061.207 Total Non-Current Assets

JUMLAH ASET 15.235.632.983.194 17.707.949.598.417 17.064.195.774.257 TOTAL ASSETS

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LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS LIABILITIES

Liabilitas Jangka Pendek Short-Term Liabilities

Utang bank jangka pendek 2i,20,52 418.955.235.015 274.828.000.000 238.226.382.762 Short-term bank loans

Utang usaha Trade payables

Pihak ketiga 2i,21,52 435.882.983.014 488.741.860.974 384.683.148.842 Third parties

Pihak berelasi 2f,2i,21,43d,52 3.642.081.634 2.919.941.000 2.919.941.000 Related parties

Utang lain-lain Other payables

Pihak ketiga 2i,22,52 377.301.076.338 312.251.167.099 307.904.777.776 Third parties

Pihak berelasi 2f,2i,22,43e,52 657.547.171 - - Related parties

Biaya masih harus dibayar 2i,23,52 302.406.875.904 232.343.500.588 302.474.524.036 Accrued expenses

Liabilitas imbalan kerja karyawan

jangka pendek 2u 8.630.749.023 9.433.544.756 3.304.572.086 Short-term employee benefit

Uang muka pelanggan 2i,2r,24,43g,52 189.416.493.410 136.026.229.744 85.492.258.249 Advances from customers

Pendapatan ditangguhkan 2r,25,43h 25.545.306.154 - - Deferred income

Utang pajak 2s,26b 345.291.566.476 299.345.702.741 256.758.512.669 Taxes payable

Liabilitas jangka panjang yang jatuh Current maturities

tempo dalam satu tahun of long-term debts

Utang bank dan lembaga Bank and financial

keuangan 2i,27,52 549.014.008.884 2.273.747.077.197 317.686.308.835 institution loans

Utang usaha 2i,28,52 20.658.098.780 12.779.702.925 24.612.496.806 Trade payables

Liability for purchase

Utang pembelian aset tetap 2i,30,52 2.390.789.568 1.557.924.770 2.102.779.634 of fixed assets

Utang obligasi 2i,2x,29,52 1.583.060.348.323 88.818.750.000 275.572.320.303 Bonds payable

Liabilitas derivatif 2i,45,52 207.578.734.200 56.691.050.360 118.881.474.525 Derivative liabilities

Jumlah Liabilitas Jangka Pendek 4.470.431.893.894 4.189.484.452.154 2.320.619.497.523 Total Short-term Liabilities

Liabilitas Jangka Panjang Long-term Liabilities

Pendapatan ditangguhkan 2r,25,43h 131.088.644.989 152.168.021.100 198.465.347.012 Deferred income

Uang muka pelanggan 2i,2r,24,43g,52 293.459.842.600 43.086.409.054 - Advances from customers

Liabilitas imbalan kerja karyawan

jangka panjang 2u,41 58.478.019.993 46.204.357.132 34.699.335.084 Long-term employee benefits

Utang pihak berelasi 2f,2i,43f,52 305.664.850.638 145.303.077.735 31.007.529.263 Due to related parties

Utang dividen 2e,31 669.117.279 669.117.279 680.164.779 Dividends payable

Liabilitas jangka panjang - setelah

dikurangi bagian jatuh tempo dalam Long-term debts - net of current

satu tahun maturities of long-term debts

Utang bank dan lembaga Bank and financial

keuangan 2i,27,52 797.604.256.930 790.817.069.509 2.134.122.234.868 institution loans

Utang usaha 2i,28,52 - 16.212.713.318 13.605.009.364 Trade payables

Liability for purchase

Utang pembelian aset tetap 2i,30,52 2.590.468.538 3.871.249.390 1.385.048.857 of fixed assets

Utang obligasi 2i,2x,29,52 - 1.399.133.987.753 1.420.150.169.937 Bonds payable

Cadangan atas penggantian perabotan Reserve for replacement of furniture

dan peralatan 2v,2w 3.925.103.077 2.396.013.612 1.743.209.829 and equipment

Liabilitas pajak tangguhan - bersih 2s,26f 7.506.512.226 16.531.692.067 21.842.049.664 Deferred tax liabilities - net

Goodwill negatif 2c,17b - - 404.407.833.016 Negative goodwill

Jumlah Liabilitas Jangka Panjang 1.600.986.816.270 2.616.393.707.949 4.262.107.931.673 Total Long-term Liabilities

Jumlah Liabilitas 6.071.418.710.164 6.805.878.160.103 6.582.727.429.196 Total Liabilities

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(31 Desember 2010)/

Notes December 31, 2012 December 31, 2011* (December 31, 2010) *

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan kepada Equity attributable to

entitas induk parent entity

Modal saham - nilai nominal saham seri A Capital stock - par value A series of

Rp 500 per saham dan saham seri B Rp 500 per share and B series

Rp 100 per saham of Rp 100 per share

Modal dasar - terdiri dari 1.400.000.000 Authorized capital - 1,400,000,000 shares

saham seri A dan 93.000.000.000 for A series and 93,000,000,000

saham seri B shares for B series

Ditempatkan dan disetor penuh - Issued and fully paid - A series

1.400.000.000 saham seri A of 1,400,000,000 shares and

dan 42.121.913.019 saham B series of 42,121,913,019

seri B pada 31 Desember 2012 dan shares as of December 31, 2012

1.400.000.000 saham seri A and A series of 1,400,000,000 shares

dan 38.519.772.265 saham and B series of 38,519,772,265

seri B pada 31 Desember 2011 shares as of December 31, 2011

(1.400.000.000 saham seri A (A series of 1,400,000,000 shares

dan 38.519.771.390 saham and B series of 38,519,771,390

seri B pada 1 Januari 2011/ as of January 1, 2011/

31 Desember 2010) 31 4.912.191.301.900 4.551.977.226.500 4.551.977.139.000 December 31, 2010)

Tambahan modal disetor - bersih 2q,33 2.926.273.855.564 2.692.134.706.554 2.692.134.649.679 Additional paid-in capital - net

Saham yang diperoleh kembali sebanyak Treasury stock of

120.750.000 saham pada 120,750,000 shares as of

31 Desember 2012 dan 2011 December 31, 2012 and 2011

(120.750.000 saham pada (120,750,000 shares as of

1 Januari 2011/31 Desember 2010) 2cc,34 (27.835.501.000 ) (27.835.501.000 ) (27.835.501.000 ) January 1, 2011/December 31, 2010)

Saldo laba Retained earnings

Ditentukan penggunaannya 40.435.548.418 40.435.548.418 40.435.548.418 Appropriated

Belum ditentukan penggunaannya (253.231.284.436 ) 948.883.270.402 563.631.180.053 Unappropriated

Komponen ekuitas lainnya (291.629.106.470 ) 141.271.634.363 201.386.214.272 Others equity

Ekuitas yang dapat diatribusikan kepada

entitas induk 7.306.204.813.976 8.346.866.885.237 8.021.729.230.422 Equity attributable to parent entity

Kepentingan non-pengendali 2b,47a 1.858.009.459.054 2.555.204.553.077 2.459.739.114.639 Non-controlling interest

Jumlah Ekuitas 9.164.214.273.030 10.902.071.438.314 10.481.468.345.061 Total Equity

JUMLAH LIABILITAS DAN EKUITAS 15.235.632.983.194 17.707.949.598.417 17.064.195.774.257 TOTAL LIABILITIES AND EQUITY

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Catatan atas Laporan Keuangan Konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.

PENGHASILAN USAHA BERSIH 2r,35,44a 2.949.585.801.725 1.927.530.209.575 NET REVENUES

BEBAN POKOK PENGHASILAN 2r,36 1.332.331.844.898 1.002.616.832.168 COST OF REVENUES

LABA KOTOR 1.617.253.956.827 924.913.377.407 GROSS PROFIT

Beban penjualan 2r,37a (106.561.481.778 ) (101.052.248.732 ) Selling expenses

2n,2r,2u,2y,

Beban umum dan administrasi 7,16,37b,40,41 (725.607.731.608 ) (537.430.980.094 ) General and administrative expenses

Penghasilan (beban) bunga dan 20,27,38, Interest income (expense) and

keuangan - bersih 46g,46i,46j (473.801.491.002 ) 47.394.828.534 financial charges - net

Laba (rugi) selisih kurs - bersih 2h (43.826.741.418 ) (12.262.352.960 ) Gain (loss) on foreign exchange - net

Laba penjualan/penghapusan Gain on sales/disposal of

aset tetap 2n,16 1.407.279.107 66.727.246 fixed asset

Bagian atas laba (rugi) bersih Entitas Equity in net earnings (loss) of

Asosiasi - bersih 2l,12 (12.890.442.017 ) 1.216.584.010 Associated Companies - net

Cadangan kerugian penurunan nilai 43c (515.474.193.801 ) - Allowance for impairment losses

Rugi pembatalan penjualan unit apartemen Loss on cancellation of sale

dan rumah 7,9 (104.658.129.405 ) (3.767.213.541 ) of housing and apartments

Rugi penurunan nilai investasi 2ii,18 (319.671.304.517 ) - Loss on decline of investment

Laba atas penjualan investasi Gain on sales of investment

saham Entitas Anak dan Entitas in Subsidiaries and Associate

Asosiasi 4,12 23.222.601.151 6.093.140.048 Company

Lain-lain - bersih 39 (70.994.555.765 ) 57.630.331.708 Others - net

INCOME (LOSS) BEFORE

LABA (RUGI) SEBELUM TAKSIRAN PROVISION FOR TAX BENEFIT

MANFAAT (BEBAN) PAJAK (731.602.234.226 ) 382.802.193.626 (EXPENSES)

PROVISION FOR TAX BENEFIT

TAKSIRAN MANFAAT (BEBAN) PAJAK 2s,26c,26e (EXPENSES)

Final (52.785.776.226 ) (76.283.524.296 ) Final

Tahun berjalan (87.355.054.788 ) (24.233.523.141 ) Current

Tangguhan (19.006.527.752 ) (2.818.085.905 ) Deferred

Jumlah taksiran beban Total provision for tax

pajak - bersih (159.147.358.766 ) (103.335.133.342 ) expenses - net

LABA (RUGI) TAHUN BERJALAN DARI INCOME (LOSS) FOR THE YEAR

OPERASI YANG DILANJUTKAN (890.749.592.992 ) 279.467.060.284 FROM CONTINUING OPERATIONS

OPERASI YANG DIHENTIKAN DISCONTINUED OPERATIONS

Rugi tahun berjalan dari operasi Loss for the year from discontinued

yang dihentikan 2ii,18 (211.336.650.278 ) (204.717.156.596 ) operations

LABA (RUGI) TAHUN BERJALAN (1.102.086.243.270 ) 74.749.903.688 INCOME (LOSS) FOR THE YEAR

PENDAPATAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Selisih kurs karena penjabaran laporan Exchange differences due to

keuangan 7.678.650.581 369.947.955 financial statements translation

Rugi yang belum terealisasi atas investasi Unrealized loss on investment

efek yang tersedia untuk dijual (174.283.746.501 ) (60.484.527.864 ) under available-for-sale

Jumlah pendapatan komprehensif lain Total other comprehensive income

tahun berjalan setelah pajak (166.605.095.920 ) (60.114.579.909 ) for the year after provision tax

JUMLAH LABA (RUGI) KOMPREHENSIF TOTAL COMPREHENSIVE INCOME

TAHUN BERJALAN (1.268.691.339.190 ) 14.635.323.779 (LOSS) FOR THE YEAR

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Catatan/

Notes 2012 2011*)

Jumlah Laba Yang Dapat Diatribusikan

Kepada: Total Income Attributable To:

Pemilik entitas induk (1.202.114.554.838 ) (19.155.742.667 ) Owners of the parent entity

Kepentingan non-pengendali 2b 100.028.311.568 93.905.646.355 Non-controlling interest

Jumlah (1.102.086.243.270 ) 74.749.903.688 Total

Jumlah Laba (Rugi) Komprehensif Total Comprehensive Income

Yang Dapat Diatribusikan Kepada: (Loss) Atributable To:

Pemilik entitas induk (1.368.717.461.633 ) (79.270.322.576 ) Owners of the parent entity

Kepentingan non-pengendali 2b,47b 100.026.122.443 93.905.646.355 Non-controlling interest

Jumlah (1.268.691.339.190 ) 14.635.323.779 Total

Laba (Rugi) Per Saham Dasar Yang Basic Earnings (Loss)

Dapat Diatribusikan Kepada Per Share Attributable To

Pemilik Entitas Induk 2aa,50 Owners Of The Parent Entity

Laba (rugi) dari: Income (loss) from:

- operasi yang dilanjutkan (22,92 ) 4,69 continuing operations

-- operasi yang dihentikan (4,89 ) (5,17 ) discontinued operations

-Laba (rugi) tahun berjalan (27,81 ) (0,48 ) Income (loss) for the year

Laba (Rugi) Per Saham Dilusian Yang Dilutive Earnings (Loss)

Dapat Diatribusikan Kepada Per Share Attributable To

Pemilik Entitas Induk 2aa,50 Owners Of The Parent Entity

Laba (rugi) dari: Income (loss) from:

- operasi yang dilanjutkan (22,92 ) 4,69 continued operations

-- operasi yang dihentikan (4,89 ) (5,17 ) discontinued operations

-Laba (rugi) tahun berjalan (27,81 ) (0,48 ) Income (loss) for the year

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Capital Stock Issued and

Fully Paid

Bersih/

Additional Paid-In Capital-Net

Kembali/

Treasury Stock

Under Available

-for-sale

Transaction of Entities Under Common Control

Transaction of Associate Company

Due to Financial Statement Translation

Revaluation Surplus of Fixed Assets

Jumlah/

Total

Nonpengendali/

Non-controlling interest

Jumlah Ekuitas/

Total Equity

Ditentukan Penggunaannya/

Appropriated

Belum Ditentukan Penggunaanya/

Unappropriated

Saldo awal, 1 Januari 2011 4.551.977.139.000 2.692.134.649.679 (27.835.501.000) (103.776.667.843) 54.732.012.959 (14.882.633.354) (984.331.528) 266.297.834.038 40.435.548.418 563.631.180.053 8.021.729.230.422 2.459.739.114.639 10.481.468.345.061 Balance, January 1, 2011

Penghentian pengakuan Derecognition of negative goodwill

goodwill negatif sesuai in accordance with transition

dengan ketentuan transisi provision of PSAK No. 22

PSAK No.22 (Revisi 2009) (Revised 2009)

(lihat Catatan 2c dan 17) - - - 404.407.833.016 404.407.833.016 - 404.407.833.016 (see Notes 2c and 17)

Saldo awal, 1 Januari 2011 setelah Balance January 1, 2011

dampak Penerapan PSAK effect of first time adoption of

No. 22 (Revisi 2009) 4.551.977.139.000 2.692.134.649.679 (27.835.501.000) (103.776.667.843) 54.732.012.959 (14.882.633.354) (984.331.528) 266.297.834.038 40.435.548.418 968.039.013.069 8.426.137.063.438 2.459.739.114.639 10.885.876.178.077 PSAK No. 22 (Revised 2009)

Laba (rugi) komprehensif tahun Comprehensive income (loss)

berjalan - - - (60.484.527.864) - - 369.947.955 - - (19.155.742.667) (79.270.322.576) 93.905.646.355 14.635.323.779 for the year

Pelaksanaan waran (Catatan 32) 87.500 56.875 - - - 144.375 - 144.375 Exercise warrant (Note 32)

Penambahan investasi pada Addition investment in

entitas Anak oleh kepentingan Subsidiaries by non-controlling

non-pengendali - - - 1.559.792.083 1.559.792.083 Shareholders

Saldo akhir, 31 Desember 2011 4.551.977.226.500 2.692.134.706.554 (27.835.501.000) (164.261.195.707) 54.732.012.959 (14.882.633.354) (614.383.573) 266.297.834.038 40.435.548.418 948.883.270.402 8.346.866.885.237 2.555.204.553.077 10.902.071.438.314 Balance, December 31, 2011

Laba (rugi) komprehensif tahun Comprehensive income (loss)

berjalan - - - (174.281.557.376) - - 7.678.650.581 - - (1.202.114.554.838) (1.368.717.461.633) 100.026.122.443 (1.268.691.339.190) for the year

Pelaksanaan waran (Catatan 32) 360.214.075.400 234.139.149.010 - - - 594.353.224.410 - 594.353.224.410 Exercise warrant (Note 32)

Pembalikan surplus revaluasi Reverse of revaluation surplus

aset tetap yang timbul dari of fixed assets arising from

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Modal Saham Ditempatkan dan Disetor

Penuh/

Capital Stock Issued and

Fully Paid

Tambahan Modal

Disetor-Bersih/

Additional Paid-In Capital-Net

Saham yang Diperoleh Kembali/

Treasury Stock

yang Tersedia Untuk Dijual/

Unrealized Loss on Investment

Under Available

-for-sale

Sepengendali/

Difference In Value of Restructuring

Transaction of Entities Under Common Control

Perusahaan Assosiasi/

Difference In The Equity Transaction of Associate Company

Laporan Keuangan/

Exchange Difference Due to Financial

Statement Translation

Surplus Revaluasi Aset

Tetap/

Revaluation Surplus of Fixed Assets

Jumlah/

Total

Kepentingan Nonpengendali/

Non-controlling interest

Jumlah Ekuitas/

Total Equity

Saldo Laba/

Retained Earnings

Ditentukan Penggunaannya/

Appropriated

Belum Ditentukan Penggunaanya/

Unappropriated

Akuisisi kepentingan non- Acquisition of non-controlling

Pengendali (lihat Catatan Interests (see Notes 4 point h

4 butir h dan m) - - - (964.944.947.885) (964.944.947.885) and m)

Kepentingan non pengendali yang Non-controlling interests arising

timbul dari akuisisi dan from acquisition and

dekonsolidasi Entitas Anak deconsolidation of Subsidiaries

(lihat Catatan 4 butir i) - - - (32.275.268.581) (32.275.268.581) (see Note 4 point i)

Penambahan investasi pada Addition investment in

entitas Anak oleh kepentingan Subsidiaries by Non-controlling

nonpengendali - - - 199.999.000.000 199.999.000.000 Shareholders

(16)

Pembayaran kas kepada karyawan (337.636.353.698 ) (263.202.215.116 ) Cash paid to employees

Pembayaran kas untuk beban usaha (408.116.346.706 ) (699.683.173.064 ) Cash paid for operating expenses

Penjualan (pembelian) tanah (354.737.306.370 ) (730.579.795.071 ) Selling (acquisition) of land

Kas yang diperoleh (digunakan) untuk operasi 1.245.823.506.078 (1.053.603.910.620 ) Cash received (used) in operations

Penerimaan bunga 6.712.544.399 28.261.457.223 Interest received

Pembayaran beban keuangan (288.282.040.341 ) (207.321.441.714 ) Interest and financial expenses payment

Pembayaran pajak (146.783.107.457 ) (36.233.348.279 ) Tax payment

Kas Bersih Yang Peroleh Dari Net Cash Received From (Used For)

(Digunakan Untuk) Aktivitas Operasi 817.470.902.679 (1.268.897.243.390 ) Operating Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING

INVESTASI ACTIVITIES

Pembelian aset tetap dan Acquisition of fixed assets and

properti investasi (1.048.450.753.850 ) (336.052.576.048 ) invesment properties

Penurunan (peningkatan) Decrease (increase) in

investasi jangka panjang investment in shares

- Penurunan (peningkatan) Decrease (increase) in

-penyertaan saham (1.168.953.368.267 ) (16.225.000.000 ) investments of shares

- Hasil penjualan investasi saham 331.547.110.324 140.400.443.073 Proceed from sale of investment of shares

-- Pembayaran utang (306.723.562.612 ) - Payables payment

-Peningkatan aset kerjasama operasi (5.263.351.949 ) (2.347.369.959 ) Increase in joint operation assets

Penurunan (peningkatan) investasi jangka

pendek (17.547.795.038 ) 769.702.335.932 Decrease (increase) in short-term investments

Penurunan (peningkatan)

dana dalam pembatasan (70.494.772.977 ) 54.627.939.647 Decrease (increase) in restricted funds

Penerimaan penjualan aset tetap 1.954.909.083 542.160.260 Proceeds from sale of fixed assets

Kas Bersih Yang Diperoleh Dari Net Cash Received From

(Digunakan Untuk) Aktivitas Investasi (2.283.931.585.286 ) 610.647.932.905 (Used For) Investing Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES

Peningkatan pinjaman jangka panjang 167.877.073.923 649.511.513.691 Increase in long-term debt

Peningkatan tambahan modal disetor Increased in additional paid-in capital

dari realisasi waran 234.139.149.010 56.875 from exercise warrant

Pembayaran obligasi (90.000.000.000 ) (220.000.000.000 ) Payment bond

Peningkatan (penurunan) pinjaman Increase (decrease) in short-term

bank jangka pendek 144.650.735.015 (108.827.664.706 ) bank loans

Peningkatan utang pihak berelasi 160.361.772.903 114.295.548.472 Decrease in due to related parties

Peningkatan modal disetor dari Increase in issued and fully paid capital stock

realisasi waran 360.214.075.400 87.500 from exercise warrant

Penurunan (peningkatan) utang pembelian Decrease in liability for purchase

aset tetap (447.916.058 ) 1.945.273.363 of fixed assets

Peningkatan piutang pihak berelasi (20.043.734.751 ) (33.151.475.536 ) Increase in due from related parties

Penurunan utang usaha jangka panjang (8.334.317.463 ) (9.225.089.927 ) Decrease in long-term trade payables

Penerimaan setoran dari pemegang saham Cash received from non-controlling interest

non-pengendali 199.999.000.000 - shareholders

Kas Bersih Yang Diperoleh Dari

Aktivitas Pendanaan 1.148.415.837.979 394.548.249.732 Net Cash Provided From Financing Activities

KENAIKAN (PENURUNAN) BERSIH NET INCREASED (DECREASED) IN

KAS DAN SETARA KAS (318.044.844.628 ) (263.701.060.753 ) CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AWAL TAHUN 597.128.042.339 860.557.957.179 AT BEGINNING OF THE YEAR

Reklasifikasi ke aset yang diklasifikasikan Reclassification to assets

sebagai dimiliki untuk dijual (9.976.510.849 ) - classified as held for sale

DAMPAK BERSIH PERUBAHAN NET EFFECTS OF CHANGES IN

NILAI TUKAR ATAS KAS DAN EXCHANGE RATE ON CASH AND

SETARA KAS (737.570.488 ) 271.145.913 CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

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a. Pendirian Entitas Induk dan Informasi Umum a. Establishment and General Information

PT Bakrieland Development Tbk. (“Entitas Induk”) didirikan pada tanggal 12 Juni 1990 dengan Akta Notaris John Leonard Waworuntu, S.H., No. 209. Akta pendirian Entitas Induk disahkan oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-1978.HT.01.01.TH.91 tanggal 31 Mei 1991 dan diumumkan dalam Berita Negara Republik Indonesia No. 93 tanggal 19 November 1991. Anggaran dasar Entitas Induk telah mengalami beberapa kali perubahan, antara lain, mengenai perubahan nama dari PT Elang Realty Tbk. menjadi PT Bakrieland Development Tbk. yang diaktakan dengan Akta Notaris Harun Kamil, S.H., No. 29 tanggal 3 April 1997, yang telah disetujui oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan No. C2-3097.HT.01.04.Th.97 tanggal 25 April 1997, dan perubahan Anggaran Dasar selanjutnya termuat pada Akta Notaris Sutjipto, S.H., M.Kn., No. 216 tanggal 23 Juni 2008 mengenai penyesuaian Anggaran Dasar Entitas Induk untuk disesuaikan dengan Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas. Perubahan ini telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia dalam Surat Keputusan No. AHU-58505-AH.01.02. Tahun 2008 tanggal 3 September 2008 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 96 tanggal 28 November 2008 Tambahan No. 25686. Perubahan Anggaran Dasar terakhir termuat dalam Akta Pernyataan Keputusan Rapat Perubahan Anggaran Dasar No. 26 tanggal 7 Juni 2012 yang dibuat di hadapan Notaris Aryanti Artisari, S.H., M.Kn., notaris di Jakarta. Perubahan tersebut telah diberitahukan kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia sebagaimana Bukti Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-AH.01.10-31686 tanggal 31 Agustus 2012.

PT Bakrieland Development Tbk. (“The Company”) was established with Notarial Deed No. 209 of

John Leonard Waworuntu, S.H., dated

June 12, 1990. The Company’s articles of incorporation was approved by the Minister of Justice of the Republic of Indonesia in its Decision Letter No. C2-1978.HT.01.01.TH.91 dated May 31, 1991 and was published in the State Gazette No. 93 dated November 19, 1991. The Company’s articles of association have been amended several times, among others, the changes of the Company’s name from PT Elang Realty Tbk. to PT Bakrieland Development Tbk. which have been notarized by Notarial Deed No. 29 of Harun Kamil, S.H., dated April 3, 1997. The change was approved by the Minister of Justice of the Republic of Indonesia, in its Decision Letter No. C2-3097.HT.01.04.Th.97 dated April 25, 1997 and the last Article of Association were amended by Notarial Deed No. 216 of Sutjipto, S.H., M.Kn., dated June 23, 2008 in order to conform with Corporate Law No. 40 Year 2007. This amendment was approved by the Ministry of Justice and Human Rights in its Decision Letter No.AHU-58505-AH.01.02 Year 2008 dated September 3, 2008 and was published in Supplement No. 25686 of State Gazette No. 96 dated November 28, 2008. The last amended Company’s articles of association stated in Deed of Statement of Meeting of the Company’s Amendment Article of Association No. 26 of Aryanti Artisari, S.H., M.Kn., Notary in Jakarta, dated June 7, 2012. This amendment has been notified to the Minister of Law and Human Rights of the Republic of Indonesia as stated in Receipt Notification Amendment of the Company’s Amendment Article of Association No. AHU-AH.01.10-31686 dated August 31, 2012.

Sesuai dengan pasal 3 Anggaran Dasarnya, Entitas Induk bergerak dalam bidang pembangunan, perdagangan dan jasa, termasuk usaha jasa manajemen dan penyertaan pada Entitas yang berhubungan dengan usaha real estat dan properti, serta dalam bidang infrastruktur.

According to Article 3 of the Article of Association, the scope of the Company’s activities comprises of development, trading and services, including management service and investment in real estate and property, and infrastructure.

Entitas Induk berdomisili di Jakarta, kantor pusat Entitas Induk berlokasi di Gedung Wisma Bakrie 1 Lantai 6 dan 7, Jalan H.R. Rasuna Said Kav. B1, Jakarta Selatan. Saat ini Grup memiliki properti yang terletak di Jakarta, Bogor, Sukabumi, Bekasi, Lampung, Batam, Balikpapan, Tangerang dan Bali.

The Company is domiciled in Jakarta and its head office is located at Wisma Bakrie 1, 6th and 7th Floor, Jalan H.R. Rasuna Said Kav. B1, South Jakarta. Group have property at Jakarta, Bogor, Sukabumi, Bekasi, Lampung, Batam, Balikpapan, Tangerang and Bali.

Entitas Induk mulai beroperasi secara komersial pada tahun 1990.

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b. Penawaran Umum Efek dan Obligasi Entitas Induk

b. Public Offering of Shares and Bonds of The Company

Pada tanggal 13 Oktober 1995, Entitas Induk telah memperoleh pernyataan efektif dari Ketua Badan

Pengawas Pasar Modal (BAPEPAM)

No. S-1304/PM/1995 untuk melakukan Penawaran Umum Perdana kepada masyarakat atas 110 juta saham dengan nilai nominal Rp 500 per saham melalui Bursa Efek Jakarta dengan harga penawaran Rp 625 per saham. Entitas Induk telah mencatatkan seluruh sahamnya di Bursa Efek Jakarta pada tanggal 30 Oktober 1995.

On October 13, 1995, the Company has obtained an effective statement letter from the Chairman of the Capital Market Supervisory Agency (BAPEPAM) No. S-1304/PM/1995 to undertake an Intial Public Offering of its 110 million shares with par value of Rp 500 per share through Jakarta Stock Exchange at the offering price of Rp 625 per share. The Company has listed all its shares issued and fully paid in the Jakarta Stock Exchange on October 30, 1995.

Pada tanggal 15 September 1997, Entitas Induk melakukan Penawaran Umum Terbatas I dengan Hak Memesan Efek Terlebih Dahulu (HMETD) atas 1.050 juta saham dengan nilai nominal dan harga penawaran Rp 500 per saham. Seluruh saham telah dicatatkan di Bursa Efek Jakarta pada tanggal 6 Oktober 1997.

On September 15, 1997, the Company conducted a Limited Public Offering I through pre-emptive rights to issue 1,050 million shares with par value and offering price of Rp 500 per share. The whole shares have been listed in the Jakarta Stock Exchange on October 6, 1997.

Pada tanggal 22 November 2005, Entitas Induk melakukan Penawaran Umum Terbatas II dengan HMETD atas 4,2 miliar saham biasa seri B dengan nilai nominal Rp 100 per saham dan harga penawaran Rp 150 per saham yang seluruh saham yang ditempatkan dan disetor penuh telah dicatatkan di Bursa Efek Jakarta pada tanggal 12 Desember 2005.

On November 22, 2005, the Company conducted a Limited Public Offering II through pre-emptive rights to issue 4.2 billion B series shares with par value of Rp 100 per share and offering price of Rp 150 per share, which all of its shares issued and fully paid have been listed in the Jakarta Stock Exchange on December 12, 2005.

Pada tanggal 16 April 2007 Entitas Induk memperoleh Surat Pemberitahuan Efektif atas Pernyataan Pendaftaran Emisi Saham dari ketua Bapepam-LK untuk melakukan Penawaran Umum Terbatas III dengan HMETD atas 14 miliar saham biasa seri B dengan nominal Rp 100 per saham dan harga penawaran Rp 200 per saham, yang seluruh saham ditempatkan dan disetor penuh telah dicatatkan di Bursa Efek Jakarta pada tanggal 1 Mei 2007. Dengan diterbitkannya saham tersebut, maka jumlah saham Entitas Induk yang telah dicatatkan di bursa menjadi sebanyak 19.600.000.000 saham.

On April 16, 2007, the Company received Effective Letter for share issuance from Bapepam-LK to conduct a Limited Public Offering III through pre-emptive rights to issue 14 billion B series shares with par value Rp 100 per share and offering price of Rp 200 per share, which all of its shares issued and fully paid have been listed in the Jakarta Stock Exchange on May 1, 2007. Therefore the total of the Company’s shares listed on Stock Exchange is 19,600,000,000 shares.

Berkenaan dengan Penawaran Umum Terbatas III, Entitas Induk juga menerbitkan Waran Seri I, dimana untuk setiap 50 saham baru hasil pelaksanaan HMETD tersebut melekat 7 Waran Seri I yang diberikan cuma-cuma sebagai insentif bagi pemegang saham Entitas Induk dan/atau pemegang HMETD yang melaksanakan haknya (lihat Catatan 32).

In regards to Limited Public Offering III, the Company also issued Warrant Series I in which for each 50 new shares from pre-emptive rights includes 7 Warrants Series I issued as incentive for the Company shareholders and/or pre-emptive rights holders that exercise their right (see Note 32).

Pada tanggal 30 November 2007, Bursa Efek Jakarta dan Bursa Efek Surabaya telah bergabung menjadi Bursa Efek Indonesia.

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b. Penawaran Umum Efek dan Obligasi Entitas Induk (lanjutan)

b. Public Offering of Shares and Bonds of The Company (continued)

Pada tanggal 28 Februari 2008, Entitas Induk telah mendapatkan pemberitahuan efektif pernyataan pendaftaran dalam rangka Penawaran Umum Obligasi I Bakrieland Development Tahun 2008 dengan Tingkat Bunga Tetap dari Badan Pengawas Pasar Modal dan Lembaga Keuangan berdasarkan Surat No. S-1220/BL/2008.

On February 28, 2008, the Company received effective confirmation statement in regards with Public Offering of Fixed Rate Bonds I Bakrieland Development Year 2008 from Capital Market and Financial Institution Supervisory Agency’s based on its Letter No. S-1220/BL/2008.

Pada tanggal 11 Maret 2008, Entitas Induk menerbitkan Obligasi I Bakrieland Development Tahun 2008 dengan Tingkat Bunga Tetap, dengan PT Bank Permata Tbk. sebagai wali amanat. Nilai nominal obligasi keseluruhan adalah Rp 500 miliar (lihat Catatan 29 butir b dan 54 butir a).

On March 11, 2008, the Company issued its Bakrieland Development Bonds I Year 2008 with Fixed Rates, with PT Bank Permata Tbk. as the trustee. The bonds have a total face value of Rp 500 billion (see Notes 29 point b and 55 point a).

Pada tanggal 29 Juni 2009, Entitas Induk telah mendapatkan pemberitahuan efektif pernyataan pendaftaran dalam rangka Penawaran Umum Sukuk Ijarah I Bakrieland Development Tahun 2009 dengan cicilan imbalan ijarah sebesar Rp 314,8 juta dari Badan Pengawas Pasar Modal dan Lembaga Keuangan berdasarkan Surat No. S-5660/BL/2009.

On June 29, 2009, the Company received effective confirmation statement in regards with Public Offering of Sukuk Ijarah I Bakrieland Development Year 2009 with annual fixed Ijarah return (“Cicilan Imbalan Ijarah”) totalling of Rp 314.8 million from Capital Market and Financial Institution Supervisory Agency’s based on its Letter No. S-5660/BL/2009.

Pada tanggal 7 Juli 2009, Entitas Induk menerbitkan Sukuk Ijarah I Bakrieland Development Tahun 2009, dengan PT Bank Mega Tbk. sebagai wali amanat. Nilai nominal Sukuk Ijarah keseluruhan sebesar Rp 150 miliar (lihat Catatan 29 butir c).

On July 7, 2009, the Company issued its Sukuk Ijarah I Bakrieland Development Year 2009, with PT Bank Mega Tbk. as the trustee. The bonds have a total face value of Rp 150 billion (see Note 29 point c).

Pada tanggal 25 Juni 2010 Entitas Induk memperoleh Surat Pemberitahuan Efektif atas Pernyataan Pendaftaran Emisi Saham dari ketua Bapepam-LK untuk melakukan Penawaran Umum Terbatas IV dengan HMETD atas 19,96 miliar saham biasa seri B dengan nominal Rp 100 per saham dan harga penawaran Rp 160 per saham. Dengan diterbitkannya saham tersebut, maka jumlah saham Entitas Induk yang telah dicatatkan di bursa menjadi sebanyak 43,52 miliar saham.

On June 25, 2010, the Company received Effective Letter for share issuance from Bapepam-LK to conduct a Limited Public Offering IV through pre-emptive rights to issue 19.96 billion series shares with par value of Rp 100 per share and offering price of Rp 160 per share. Therefore the total of shares listed on Stock Exchange is 43.52 billion shares.

Berkenaan dengan Penawaran Umum Terbatas IV tersebut, Entitas Induk juga menerbitkan waran, dimana untuk setiap 20 saham baru hasil pelaksanaan HMETD tersebut melekat 7 Waran Seri II yang diberikan cuma-cuma sebagai insentif bagi pemegang saham Entitas Induk dan/atau pemegang HMETD yang melaksanakan haknya (lihat Catatan 32).

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c. Struktur Entitas Anak c. The Structure of Subsidiaries

Pada tanggal 31 Desember 2012 dan 2011 (1 Januari 2011/31 Desember 2010), Entitas Induk memiliki Entitas Anak sebagai berikut:

As of December 31, 2012 and 2011 (January 1, 2011/December 31, 2010), the Company has Subsidiaries as follows:

31 Desember 2012/December 31, 2012

Persentase Jumlah Aset

Kepemilikan / (sebelum eliminasi) /

Entitas Anak / Lokasi Proyek / Percentage of Tahun Pendirian / Total Assets

Subsidiaries Domicile Ownership Establishment (before elimination)

Kepemilikan saham secara Langsung /Direct Ownership:

PT Citrasaudara Abadi (“CSA”)a) _Tangerang,

Banten 99,99 1988 Rp 10.302.865.902

PT Villa Del Sol (“VDS”)a) b) _Cipanas,

Jawa Barat 99,99 1990 Rp 253.017.930.347

PT Krakatau Lampung Tourism

Development (“KLTD”)a) Lampung 90,00 1994 Rp 170.122.662.684

PT Graha Andrasentra Bogor,

Propertindo (“GAP”) Jawa Barat 99,97 1988 Rp 8.641.475.072.628

PT Bakrie Swasakti Utama (“BSU”) Jakarta 69,62 1982 Rp 4.208.996.303.602

PT Superwish Perkasa (“SP”) Jakarta 69,99 2006 Rp 709.100.667.389

PT Bakrie Nirwana Semesta (“BNS”) Jakarta 99,99 2007 Rp 975.090.943.449

PT Bumi Daya Makmur (“BDM”) Jakarta 69,99 2006 Rp 968.927.677.190

PT Bakrie Infrastructure (“BI”) Jakarta 69,99 2007 Rp 240.310.761.538

PT Bakrie Pangripta Loka (“BPLK”) Jakarta 99,99 2008 Rp 77.701.102.604

PT Bakrie Graha Investama (“BGI”)a) c) _Jakarta _99,98 ₂₀₀₉ _Rp _{15.382.340.244}

PT Bakrie Sentra Investama (“BSI”)a) b) _Jakarta _99,96 ₂₀₀₉ _Rp _{29.520.383.248}

BLD Investment Pte. Ltd. (”BLDI”)a) _Singapura _100,00 ₂₀₁₀ _Rp _{1.032.082.001.000}

Limitless World International Dubai,

Services-6 Ltd. (“LW-6”)a) United Arab Emirates 100,00 2008 Rp 731.318.355.000

Kepemilikan saham secara tidak Langsung /Indirect ownership: Melalui GAP / Through GAP:

PT Sanggraha Pelita Sentosa Bekasi,

(“SPS”) Sukabumi,

Jawa Barat 99,52 1995 Rp 15.116.481.910

PT Graha Intan Bali (“GIB”)a) c) _Bali _99,00 ₁₉₉₇ _Rp _{17.711.391.350}

PT Samudra Asia Nasional

(“SAN”)a) _Bali _99,99 ₂₀₀₃ _Rp _{706.169.420.423}

PT Mutiara Permata Biru (“MPB”)a) _Batam _99,00 ₁₉₉₉ _Rp _{59.261.989.176}

PT Bahana Sukmasejahtera

(“BSS”)b) _{Bogor, Jawa Barat} _99,96 ₁₉₉₆ _Rp _{923.952.520.028}

PT Bukit Jonggol Asri (“BJA”)a) Jonggol, Bogor 50,00 1997 Rp 4.687.231.625.577

Sugillite Company Limited (“SL”)a) British Virgin Island 99,99 2011 Rp 622.513.816.707

Melalui BSU /Through BSU:

PT Bakrie Pesona Rasuna (“BPR”) Jakarta 98,80 1996 Rp 17.168.548.905

PT Rasuna Residence Development

(“RRD”) Jakarta 98,80 2004 Rp 31.861.321.171

PT Provices Indonesia (“PVI”) Jakarta 99,94 2008 Rp 34.407.417.359

PT Graha Multi Insani (“GMI”)b) Yogyakarta 99,98 2011 Rp 91.733.747.545

Melalui BNS /Through BNS:

PT Libratindo Gemilang (“LG”)a) b) _Balikpapan,

Kalimantan Timur 99,99 2006 Rp 44.951.256.440

PT Bakrie Graha Nirwana (“BGN”)a) b) _Jakarta _99,99 ₂₀₀₈ _Rp _{13.630.625.900}

PT Nirwana Legian Hotel (“NLH”) Kuta, Bali 99,92 2008 Rp 73.324.766.452

PT Bali Nirwana Resort (“BNR”) Tanah Lot, Bali 52,55 1992 Rp 809.500.129.490

PT Bakrie Bangun Persada (“B2P”)a) _Jakarta _99,99 ₂₀₀₈ _Rp _{136.533.968.002}

PT Bakrie Batavia Krisma (“B2K”)a) Jakarta 80,00 2012 Rp 84.073.576

PT Bali Nirwana Dwitama (“BND”)c) d) Jakarta 99,99 2012 Rp 50.000.000.000

PT Bali Nirwana Tritama (“BNT”)c) d) Jakarta 99,99 2012 Rp 50.000.000.000

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c. Struktur Entitas Anak (lanjutan) c. The Structure of Subsidiaries (continued)

Melalui BI /Through BI:

PT Amerta Bumi Capital (“ABC”)a) b) _Surabaya _51,00 ₂₀₀₉ _Rp _{6.016.963.693}

PT Alberta Utilities (“AU”)a) b) _Jakarta _75,04 ₂₀₀₆ _Rp _{3.891.521.813}

Melalui LW-6 /Through LW-6:

PT Superwish Perkasa (“SP”) Jakarta 30,00 2006 Rp 709.100.667.389

Melalui BLDI /Through BLDI:

BLD Asia Pte. Ltd. (“BLDA”)a) Singapura 100,00 2010 Rp 898.506.007.190

Melalui BGI /Through BGI:

PT Hotel Elty Tenggarong (formerly PT Bakrie Armo

Nirwana) (“BAN”)a) _Balikpapan,

Melalui BJA /Through BJA:

PT Jungleland Asia (formerly PT Garda Mulia

Persada) (“JLA”)a) b) _{Jonggol, Bogor} _60,00 ₂₀₁₁ _Rp _{906.217.314.684}

Melalui SL /Through SL:

PT Citrasaudara Abadi (“CSA”)a) _Tangerang,

Banten 99,99 1988 Rp 10.347.541.085

PT Villa Del Sol (“VDS”)a) b) Cipanas,

Jawa Barat 99,99 1990 Rp 253.155.483.233

Development (“KLTD”)a) _Lampung _90,00 ₁₉₉₄ _Rp _{170.083.088.198}

PT Superwish Perkasa (“SP”)b) _Jakarta _69,99 ₂₀₀₆ _Rp _{669.719.332.407}

PT Bakrie Nirwana Semesta (“BNS”) Jakarta 99,99 2007 Rp 1.220.664.321.293

PT Bakrie Infrastructure (“BI”) Jakarta 70,00 2007 Rp 3.496.522.085.855

PT Bakrie Graha Investama (“BGI”)a) Jakarta 99,96 2009 Rp 14.652.514.146

PT Bakrie Sentra Investama (“BSI”)a) b) Jakarta 99,98 2009 Rp 28.669.296.771

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Jawa Barat 99,30 1995 Rp 16.725.148.645

PT Graha Intan Bali (“GIB”)a) c) Bali 98,78 1997 Rp 17.711.391.350

(“SAN”)a) _Bali _99,78 ₂₀₀₃ _Rp _{596.652.417.801}

PT Dutaperkasa Unggullestari

(“DPUL”) Malang, Jawa Timur 64,86 1992 Rp 181.325.552.840

PT Mutiara Permata Biru (“MPB”)a) _Batam _99,77 ₁₉₉₉ _Rp _{59.331.154.363}

PT Bukit Jonggol Asri (“BJA”)a) Jonggol, Bogor 50,00 1997 Rp 3.444.091.206.370

(“RRD”) Jakarta 94,70 2004 Rp 26.436.004.243

PT Libratindo Gemilang (“LG”)a) b) Balikpapan,

PT Berkah Puhu Lestari (“BPL”)a) b) _{Ubud, Bali} _99,99 ₁₉₉₉ _Rp _{15.419.224.507}

PT Bakrie Graha Nirwana (“BGN”)a) b) _Jakarta _99,80 ₂₀₀₈ _Rp _{10.721.951.906}

PT Nirwana Legian Hotel (“NLH”) Kuta, Bali 99,92 2008 Rp 47.796.169.113

PT Bakrie Bangun Persada (“B2P”)a) _Jakarta _99,99 ₂₀₀₈ _Rp _{196.344.246.316}

PT Bakrie Toll Road (“BTR”) Jakarta 99,99 2008 Rp 3.430.739.273.359

PT Amerta Bumi Capital (“ABC”)a) b) Surabaya 51,00 2009 Rp 3.852.900.733

PT Alberta Utilities (“AI”)a) b) Jakarta 75,03 2006 Rp 3.891.099.499

Melalui BTR /Through BTR:

PT Satria Cita Perkasa (“SCP”) Jakarta 99,99 2002 Rp 3.053.763.767.249

Transglobal Finance Limited

(“TGF”)a) _{British Virgin Island} _100,00 ₂₀₀₁ _Rp _{176.453.422.763}

Pan Galactic Invesment (“PGI”)a) _{British Virgin Island} _100,00 ₁₉₉₉ _Rp _{105.872.057.594}

Melalui SCP /Through SCP:

PT Semesta Marga Raya (“SMR”) Jawa Barat 60,00 2005 Rp 3.053.748.176.971

Melalui TGF /Through TGF:

Melalui PGI /Through PGI:

Melalui BPLK /Through BPLK:

PT Rasuna Caturtama

Corpora (“RCC”)a) c) _Jakarta _99,59 ₁₉₉₄ _Rp _485.921.700

(23)

Kepemilikan saham secara tidak Langsung /Indirect ownership: Melalui BGI /Through BGI:

Melalui BJA /Through BJA:

PT Jungleland Asia (formerly PT Garda Mulia

Persada) (“JLA”)a) b) _{Jonggol, Bogor} _99,83 ₂₀₁₁ _Rp _{299.309.613.971}

1 Januari 2011/January 1, 2011 31 Desember 2010/December 31, 2010

Persentase Jumlah aset

Entitas Anak / Lokasi proyek / Percentage of Tahun Pendirian / Total Assets

PT Citrasaudara Abadi (“CSA”)a) Tangerang,

Banten 99,99 1988 Rp 10.427.471.844

PT Villa Del Sol (“VDS”)a) b) Cipanas,

Jawa Barat 99,99 1990 Rp 253.425.244.685

Development (“KLTD”)a) _Lampung _90,00 ₁₉₉₄ _Rp _{148.049.386.943}

PT Superwish Perkasa (“SP”)b) _Jakarta _69,99 ₂₀₀₆ _Rp _{610.786.807.528}

PT Bakrie Nirwana Semesta (“BNS”) Jakarta 99,99 2007 Rp 912.638.571.740

PT Bakrie Infrastructure (“BI”) Jakarta 99,99 2007 Rp 3.217.731.252.128

PT Bakrie Graha Investama (“BGI”)a) b) Jakarta 99,96 2009 Rp 8.242.780.913

PT Bakrie Sentra Investama (“BSI”)a) b) Jakarta 99,98 2009 Rp 21.501.209.079

BLD Investment Pte. Ltd. (”BLDI”)a) Singapura 100,00 2010 Rp 1.117.262.560.059

PT Bukit Jonggol Asria) b) _{Jonggol, Bogor} _37,88 ₁₉₉₇ _Rp _{2.751.760.217.822}

Jawa Barat 99,30 1995 Rp 16.799.770.847

PT Graha Intan Bali (“GIB”)a) c) _Bali _98,78 ₁₉₉₇ _Rp _{148.242.031.219}

(“SAN”)a) Bali 99,78 2003 Rp 445.855.330.029

PT Dutaperkasa Unggullestari

(“DPUL”) Malang, Jawa Timur 64,86 1992 Rp 189.016.115.842

PT Mutiara Permata Biru (“MPB”)a) Batam 99,77 1999 Rp 68.222.089.943

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1 Januari 2011/January 1, 2011 31 Desember 2010/December 31, 2010

Persentase Jumlah aset

Entitas Anak / Lokasi proyek / Percentage of Tahun Pendirian / Total Assets

Kepemilikan saham secara tidak Langsung /Indirect ownership: Melalui BNS /Through BNS:

PT Libratindo Gemilang (“LG”)a) b) Balikpapan,

PT Berkah Puhu Lestari (“BPL”)a) b) Ubud, Bali 99,99 1999 Rp 15.526.907.166

PT Bakrie Graha Nirwana (“BGN”)a) b) Jakarta 99,80 2008 Rp 5.445.676.063

PT Nirwana Legian Hotel (“NLH”)a) b) _{Kuta, Bali} _99,92 ₂₀₀₈ _Rp _{14.610.662.097}

PT Bakrie Toll Road (“BTR”) Jakarta 99,99 2008 Rp 3.155.775.243.763

PT Alberta Utilities (“AI”)a) b) _Jakarta _75,03 ₂₀₀₆ _Rp _{3.907.636.481}

Melalui BTR /Through BTR:

PT Satria Cita Perkasa (“SCP”) Jakarta 99,99 2002 Rp 3.006.491.049.810

Transglobal Finance Limited

(“TGF”)a) British Virgin Island 100,00 2001 Rp 229.609.088.351

Pan Galactic Invesment (“PGI”)a) British Virgin Island 100,00 1999 Rp 137.765.456.946

Melalui SCP /Through SCP:

Melalui TGF /Through TGF:

Melalui PGI /Through PGI:

Melalui BPLK /Through BPLK:

PT Rasuna Caturtama

Corpora (“RCC”)a) c) _Jakarta _99,59 ₁₉₉₄ _Rp _485.921.700

BLD Asia Pte. Ltd. (“BLDA”)a) _Singapura _100,00 ₂₀₁₀ _Rp _{852.462.541.143}

Melalui BGI /Through BGI:

a)

Diaudit oleh Auditor Independen lain

b)

Entitas dalam tahap pengembangan

c)

Tidak aktif

d)

Tidak diaudit

a)

Audited by other Independent Auditors

b)

A company under development stage

c)

Inactive

d)

Unaudit

Kegiatan usaha Entitas Anak adalah sebagai berikut: Activities of Subsidiaries are as follows: Entitas Anak /

Subsidiaries

Kegiatan usaha /

Activities

Kepemilikan langsung /Direct ownership

PT Citrasaudara Abadi Perumahan /Residential area

PT Villa Del Sol Pengembangan pariwisata di Cianjur, Jawa Barat /Tourism

Development in Cianjur, West Java

PT Krakatau Lampung Tourism Development Pembangunan kawasan wisata Krakatoa Nirwana Resort / Krakatoa Nirwana Resort Tourism Resort Development PT Graha Andrasentra Propertindo Real estat, properti, perumahan dan perhotelan / Real

estate, property, residential area and hotels

(25)

Entitas Anak /

Subsidiaries

Activities

PT Superwish Perkasa Pembangunan dan real estat /Construction and real estate

PT Bakrie Nirwana Semesta Pembangunan, perdagangan dan jasa / Construction,

trading and services

PT Bumi Daya Makmur Perdagangan, pembangunan dan jasa / Trading,

construction and services

PT Bakrie Infrastructure Pembangunan, perdagangan dan jasa / Construction,

trading and services

PT Bakrie Pangripta Loka Perdagangan, pembangunan dan jasa / Trading,

PT Bakrie Graha Investama Perdagangan, pembangunan dan jasa / Trading,

PT Bakrie Sentra Investama Perdagangan, pembangunan dan jasa / Trading,

BLD Investment Pte. Ltd. Investasi dan pendanaan / Investments and refinancing

Limitless World International Services - 6 Perusahaan investasi / Investments company

Kepemilikan tidak langsung /Indirect ownership Melalui GAP /Through GAP:

PT Sanggraha Pelita Sentosa Perumahan Graha Taman Kebayoran dan Graha Taman

Sukabumi / Housing of Graha Taman Kebayoran and Graha Taman Sukabumi

PT Graha Intan Bali Perhotelan /Hotels

PT Samudra Asia Nasional Perhotelan /Hotels

PT Mutiara Permata Biru Perumahan dan bidang industri estat /Residential area and real estate

PT Bahana Sukmasejahtera Perumahan dan real estat /Residential area and real estate

PT Bukit Jonggol Asri Perumahan dan real estat /Residential area and real estate

Sugillite Company Limited. Perusahaan investasi / Investments company

PT Bakrie Pesona Rasuna Pengelola Plaza Festival, Elite Club Epicentrum,

Gelanggang Mahasiswa “Soemantri Brojonegoro” / Management of Plaza Festival, Elite Club Epicentrum, Sport Center “Soemantri Brojonegoro”

PT Rasuna Residence Development Pengelola Hotel Aston Rasuna Residence /Management of Hotel Aston Rasuna Residence

PT Provices Indonesia Pengelola gedung, apartemen dan perumahan /

Management of building, apartment and residential area

PT Graha Multi Insani Pembangunan dan perdagangan real estat (Condotel dan

Town House) “AWANA”/Development and sales of real estate (Condotel and Town House) “AWANA”.

PT Libratindo Gemilang Pembangunan dan real estat /Construction and real estate

PT Bakrie Graha Nirwana Perhotelan /Hotels

PT Nirwana Legian Hotel Perhotelan dan Pariwisata /Hotel and Tourism

PT Bali Nirwana Resort Perhotelan dan Pariwisata /Hotel and Tourism

PT Bakrie Bangun Persada Perhotelan dan Pariwisata /Hotel and Tourism

PT Bali Nirwana Dwitama Perhotelan dan Pariwisata /Hotel and Tourism

PT Bali Nirwana Tritama Perhotelan dan Pariwisata /Hotel and Tourism

(26)

Entitas Anak /

Subsidiaries

Activities

Melalui BI /Through BI:

PT Alberta Utilities Pembangunan, perdagangan dan jasa / Construction,

trading and services

PT Amerta Bumi Capital Pengadaan dan pelayanan air minum, serta memasarkan

untuk pasaran dalam negeri /Procurement and drinking water, services and marketing for the domestic market Melalui BGI / Through BGI:

PT Hotel Elty Tenggarong (dahulu PT Bakrie Armo Nirwana)

Perhotelan dan Pariwisata / Hotel and Tourism

Melalui BLDI / Through BLDI:

BLD Asia Pte. Ltd. Investasi dan pendanaan / Investments and refinancing

Melalui BJA / Through BJA:

PT Jungleland Asia Pembangunan kawasan pariwisata / Development of

tourism area Melalui SL /Through SL:

PT Bali Nirwana Resort Perhotelan dan Pariwisata /Hotel and Tourism

Melalui LW-6 /Through LW-6:

PT Bakrie Swasakti Utama Real estat, properti, apartemen, perhotelan dan perkantoran /Real estate, property, apartment, hotels and office spaces

PT Bumi Daya Makmur Perdagangan, pembangunan dan jasa / Trading,

construction and services

PT Superwish Perkasa Pembangunan dan real estat /Construction and real estate

Pada tanggal 31 Desember 2012, PT Graha Intan Bali, PT Bali Nirwana Dwitama, PT Bali Nirwana Tritama dan PT Bali Nirwana Caturtama merupakan Entitas yang tidak aktif beroperasi. Sedangkan PT Villa Del Sol, PT Libratindo Gemilang, PT Bakrie Graha Nirwana, PT Bahana Sukmasejahtera, PT Alberta Utilities, PT Bakrie Sentra Investama, PT Graha Multi Insani, PT Amerta Bumi Capital dan PT Jungleland Asia merupakan Entitas yang masih dalam tahap pengembangan.

As of December 31, 2012, PT Graha Intan Bali, PT Bali Nirwana Dwitama, PT Bali Nirwana Tritama dan PT Bali Nirwana Caturtama are inactive. Meanwhile PT Villa Del Sol, PT Libratindo Gemilang, PT Bakrie Graha Nirwana, PT Bahana Sukmasejahtera, PT Alberta Utilities, PT Bakrie Sentra Investama, PT Graha Multi Insani, PT Amerta Bumi Capital and PT Jungleland Asia are under development stages.

d. Dewan Komisaris, Direksi dan Karyawan d. Board of Commissioners, Directors and Employees

Pada tanggal 31 Desember 2012 dan 2011 (1 Januari 2011/31 Desember 2010) susunan Dewan Komisaris dan Direksi Entitas Induk Akta Notaris Aryanti Artisari, S.H., M.Kn., No. 26 tanggal 7 Juni 2012 dan Akta Notaris Andalia Farida, S.H., M.H., No. 15 tanggal 2 November 2011 (Akta Notaris Aulia Taufani, S.H., selaku pengganti dari Sutjipto, S.H., M.Kn., No. 121 tanggal 18 Mei 2010) adalah sebagai berikut:

Laporan Keuangan Tahunan 2012 PT Bakrieland Development Tbk

DAFTAR ISI

TABLE OF CONTENTS

Halaman/

P a g e

Surat Pernyataan Direksi

Laporan Auditor Independen

Laporan Posisi Keuangan Konsolidasian

Laporan Laba Rugi Komprehensif

Konsolidasian

Laporan Perubahan Ekuitas Konsolidasian

Laporan Arus Kas Konsolidasian

Catatan Atas Laporan Keuangan Konsolidasian

i - iv

1 - 4

5 - 6

7 - 8

9

10 - 199

Directors’ Statement Letter

Independent Auditors’ Report

Consolidated Statements of Financial Position

Consolidated Statements of Comprehensive

Income

Consolidated Statements of Changes in Equity

Consolidated Statements of Cash Flows