PT PABRIK KERTAS TJIWI KIMIA Tbk DAN ENTITAS ANAK

PT PABRIK KERTAS TJIWI KIMIA Tbk AND SUBSIDIARIES

Laporan Keuangan Interim Konsolidasian 30 September 2011 (Tidak Diaudit) dan 31 Desember 2010 (Diaudit) dan untuk Periode Sembilan Bulan yang Berakhir pada Tanggal 30 September 2011 dan 2010 (Tidak Diaudit)

Interim Consolidated Financial Statements September 30, 2011 (Unaudited) and

December 31, 2010 (Audited) and For The Nine Months Period Ended

September 30, 2011 and 2010 (Unaudited)

Daftar Isi Table of Contents

Halaman / P a g e

Laporan posisi keuangan interim konsolidasian Laporan laba rugi komprehensif

interim konsolidasian Laporan perubahan ekuitas interim konsolidasian Laporan arus kas interim konsolidasian Catatan atas laporan keuangan interim konsolidasian

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Interim consolidated statement of financial position

Interim consolidated statements of comprehensive income

Interim consolidated statements of changes in equity

Interim consolidated statements of cash flows

Notes to interim consolidated financial statements

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

The accompanying notes to the interim consolidated financial statements are an integral part of these interim consolidated financial statements.

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PT PABRIK KERTAS TJIWI KIMIA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2011 (TIDAK DIAUDIT) DAN 31 DESEMBER 2010 (DIAUDIT) (Saldo dalam tabel disajikan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain)

PT PABRIK KERTAS TJIWI KIMIA Tbk AND SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION SEPTEMBER 30, 2011 (UNAUDITED) AND DECEMBER 31, 2010 (AUDITED) (Amounts in tables are expressed in thousands of United States Dollar, unless otherwise stated)

Catatan/ 30 Sep 2011 / 31 Des 2010 / Notes Sep 30, 2011 Dec 31, 2010

ASET ASSETS ASET LANCAR CURRENT ASSETS Kas dan setara kas Cash and cash equivalents Pihak ketiga 2e,5 130.837 141.519 Third parties Pihak berelasi 2e,2i,5,33 17.828 23.452 Related parties Piutang usaha Trade receivables Pihak ketiga - setelah dikurangi Third parties - net of penyisihan piutang allowance for doubtful ragu-ragu 2g,6 42.147 56.383 accounts Pihak berelasi 2g,2i,6,33 145.101 191.563 Related parties Piutang lain-lain - Other receivables - pihak ketiga 783 506 third parties Persediaan 2j,7 325.435 287.212 Inventories Uang muka dan biaya Advances and prepaid dibayar di muka 2k,8 124.036 110.054 expenses Pajak dibayar di muka 2u,19a 8.401 17.382 Prepaid taxes Aset lancar lainnya Other current assets Pihak ketiga 2f,9 103.257 25.374 Third parties Pihak berelasi 2f,2i,9,33 155.809 64.254 Related parties

Jumlah Aset Lancar 1.053.634 917.699 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS Piutang usaha - pihak berelasi - Trade receivables related setelah dikurangi penyisihan parties - net of allowance piutang ragu-ragu 2g,2i,10,33 63.674 66.288 for doubtful accounts Piutang lain-lain - Other receivables - pihak berelasi 2i,11 150.346 148.610 related parties Aset pajak tangguhan 2u 1.160 650 Deferred tax assets Investasi jangka panjang 2h,12 1.133 1.112 Long-term investment Hutan tanaman industri - setelah Industrial timber estate - net of dikurangi akumulasi amortisasi 2l,13a - 2.002 accumulated amortization Hutan tanaman industri - Industrial timber estate - dalam pengembangan 2l,13b 15.927 9.042 under development Aset tetap - setelah dikurangi Fixed assets - net of akumulasi penyusutan 2m,2n,2o,2p,14 1.182.424 1.174.173 accumulated depreciation Goodwill - bersih 2c,15 8.122 6.391 Goodwill - net Aset tidak lancar lainnya 3.324 3.787 Other non-current assets

Jumlah Aset Tidak Lancar 1.426.110 1.412.055 Total Non-Current Assets

JUMLAH ASET 2.479.744 2.329.754 TOTAL ASSETS

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

The accompanying notes to the interim consolidated financial statements are an integral part of these interim consolidated financial statements.

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PT PABRIK KERTAS TJIWI KIMIA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2011 (TIDAK DIAUDIT) DAN 31 DESEMBER 2010 (DIAUDIT) (Saldo dalam tabel disajikan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain)

PT PABRIK KERTAS TJIWI KIMIA Tbk AND SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION SEPTEMBER 30, 2011 (UNAUDITED) AND DECEMBER 31, 2010 (AUDITED) (Amounts in tables are expressed in thousands of United States Dollar, unless otherwise stated)

Catatan/ 30 Sep 2011 / 31 Des 2010 / Notes Sep 30, 2011 Dec 31, 2010

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Pinjaman bank jangka pendek 2s,16 165.985 105.997 Short-term bank loans Utang usaha Trade payables Pihak ketiga 17 43.373 60.164 Third parties Pihak berelasi 2i,17,33 2.524 17.874 Related parties Utang lain-lain - pihak ketiga 17.929 11.545 Other payables - third parties Uang muka pelanggan Advances from customers Pihak ketiga 18.216 8.795 Third parties Pihak berelasi 2i 262 238 Related parties Beban masih harus dibayar 2h,18 63.854 47.026 Accrued expenses Utang pajak 2u,19b 3.089 12.224 Taxes payable Liabilitas jangka panjang yang jatuh tempo dalam Current maturities of waktu satu tahun: long-term liabilities: Liabilitas sewa pembiayaan 2n,20 57 138 Lease liabilities Pinjaman bank 21 13.176 8.137 Bank loan Pinjaman, wesel bayar dan Loans, notes payable obligasi 2h,2s,38 182.895 146.259 and bonds

Jumlah Liabilitas Jangka Pendek 511.360 418.397 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES Liabilitas pajak tangguhan - bersih 2u,19 54.534 53.684 Deferred tax liabilities - net Utang lain-lain - Other payables - pihak berelasi 2i,33 8.697 8.853 related parties Liabilitas imbalan kerja 2t,32 45.471 41.590 Employee benefits obligation Liabilitas jangka panjang: Long-term liabilities: Liabilitas sewa pembiayaan 2n,20 57 161 Lease liabilities Pinjaman bank 21 39.669 16.274 Bank loan Pinjaman - bersih 2h,2s,22 315.260 304.188 Loans - net Wesel bayar dan obligasi 2h,2s,23,38 972.376 965.764 Notes payable and bonds Liabilitas jangka panjang yang jatuh tempo dalam Current maturities of waktu satu tahun: long-term liabilities: Liabilitas sewa pembiayaan 2n,20 (57 ) (138 ) Lease liabilities Pinjaman bank 21 (13.176 ) (8.137 ) Bank loan Pinjaman, wesel bayar dan Loans, notes payable obligasi 2h,2s,38 (182.895 ) (146.259 ) and bonds

Jumlah Liabilitas Jangka Panjang 1.239.936 1.235.980 Total Non-Current Liabilities

Jumlah Liabilitas 1.751.296 1.654.377 Total Liabilities

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

The accompanying notes to the interim consolidated financial statements are an integral part of these interim consolidated financial statements.

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PT PABRIK KERTAS TJIWI KIMIA Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN INTERIM KONSOLIDASIAN 30 SEPTEMBER 2011 (TIDAK DIAUDIT) DAN 31 DESEMBER 2010 (DIAUDIT) (Saldo dalam tabel disajikan dalam ribuan Dolar Amerika Serikat, kecuali dinyatakan lain)

PT PABRIK KERTAS TJIWI KIMIA Tbk AND SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION SEPTEMBER 30, 2011 (UNAUDITED) AND DECEMBER 31, 2010 (AUDITED) (Amounts in tables are expressed in thousands of United States Dollar, unless otherwise stated)

Catatan/ 30 Sep 2011 / 31 Des 2010 / Notes Sep 30, 2011 Dec 31, 2010

EKUITAS EQUITY Capital stock - par value of Modal saham-nilai nominal Rp1,000 per share Rp1.000 per saham Authorized capital - Modal dasar - 5.000.000.000 saham 5,000,000,000 shares Ditempatkan dan disetor penuh - Issued and fully paid - 1.335.702.240 saham biasa 2v,24 537.169 537.169 1,335,702,240 shares Tambahan modal disetor 30.201 30.201 Additional paid-in capital Exchange differences due Selisih kurs karena penjabaran to financial statement

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