Final WIKA 2009 · Laporan keuangan terlampir tidak dimaksudkan untuk menyajikan posisi keuangan, hasil usaha, perubahan ekuitas dan arus kas sesuai dengan prinsip dan praktek akuntansi

Daftar Isi Table of Contents

Laporan Auditor Independen Independent Auditor's Report

Laporan Keuangan Konsolidasian The Consolidated Financial Statement

Neraca Konsolidasian Consolidated Balance Sheet

Laporan Laba Rugi Konsolidasian Consolidated Statement of Income

Laporan Perubahan Ekuitas Statement of Changes in Equity

Konsolidasian Consolidated

Laporan Arus Kas Konsolidasian Consolidated Statement of Cash Flow

Informasi Tambahan Suplementary Information

Notes to Consolidated Financial

Statements

117

Catatan Atas Laporan KeuanganKonsolidasian

i

5

6 - 116

ii - iii

1 - 234

i

PIETER, UWAYS & REKANRegister Public AccountanstsA member Firm of Kingston Sorel InternationalMinister of Finance : KEP-389/KM.6/2003

Pemegang saham, Dewan Komisaris dan Direksi The Stockholders, and the Board of Commissioners andDirectors

PT. Wijaya Karya (Persero), Tbk.

Laporan Auditor Independen / Independent Auditor's ReportNo. : 006/LA-PUR/GP/KSI/III/10

PT. Wijaya Karya (Persero), Tbk.

We have audited the consolidated balance sheets of PTWijaya Karya (Persero), Tbk and its subsidiaries as ofDecember 31, 2009, and the related consolidatedstatements of income, changes in stockholders' equityand cash flows for the year then ended. These financialstatements are the responsibility of the Company'smanagement. Our responsibility is to express an opinionon these financial statements based on our audits. Theconsolidated financial statements of PT Wijaya Karya(P ) Tbk d it b idi i f D b 31

Kami telah mengaudit neraca konsolidasian PT Wijaya Karya(Persero), Tbk dan Anak Perusahaan tanggal 31 Desember2009, serta laporan laba rugi, laporan perubahan ekuitas,dan laporan arus kas konsolidasian untuk tahun yangberakhir pada tanggal tersebut. Laporan keuangan adalahtanggung jawab manajemen perusahaan. Tanggung jawabkami terletak pada pernyataan pendapat atas laporankeuangan berdasarkan audit kami. Laporan keuangankonsolidasian PT Wijaya Karya (Persero), Tbk dan AnakPerusahaan untuk tahun yang berakhir pada tanggal 31

2. PT Wijaya Karya Intrade, a 78,40% owned subsidiary,which statements reflect total assets and revenues of18% and 9% respectively of the consolidated total assetsand revenue, as at and for the year ended December 31,2009.

3. PT Wijaya Karya Realty, a 78,40% owned subsidiary,which statements reflect total assets and revenues of 8%and 7% respectively of the consolidated total assets andrevenue, as at and for the year ended December 31,2009.

4. PT Wijaya Karya Insan Pertiwi, a 70,08% ownedsubsidiary, which statements reflect total assets andrevenues of 1% and 1% respectively of the consolidatedtotal assets and revenue, as at and for the year endedDecember 31, 2009.

2. PT Wijaya Karya Intrade, anak perusahaan yang 78,40%sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 9% dari aset konsolidasian dan pendapatan18% dari pendapatan konsolidasian untuk tahun yangberakhir pada tanggal tersebut. 3. PT Wijaya Karya Realty, anak perusahaan yang 78,40%sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 8% dari aset konsolidasian dan pendapatan7% dari pendapatan konsolidasian untuk tahun yangberakhir pada tanggal tersebut. 4. PT Wijaya Karya Insan Pertiwi, anak perusahaan yang70,08% sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 1% dari aset konsolidasian dan pendapatan1% dari pendapatan konsolidasian untuk tahun yangberakhir pada tanggal tersebut.

(Persero), Tbk and its subsidiaries as of December 31,2008 were audited by other independent auditor whosereport dated March 4, 2009 expressed an unqualifiedopinion on those consolidated financial statements. Wedid not audit the financial statements of subsidiaries asfollows:

Perusahaan untuk tahun yang berakhir pada tanggal 31Desember 2008 diaudit oleh auditor independen lain yanglaporannya bertanggal 4 Maret 2009 berisi pendapat wajartanpa pengecualian atas laporan keuangan konsolidasiantersebut. Kami tidak mengaudit laporan keuangan anak-anakperusahaan sebagai berikut:1. PT Wijaya Karya Beton, anak perusahaan yang 78,40%sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 28% dari aset konsolidasian dan pendapatan21% dari pendapatan konsolidasian untuk tahun yangberakhir pada tanggal tersebut.

1. PT Wijaya Karya Beton, a 78,40% owned subsidiary,which statements reflect total assets and revenues of28% and 21% respectively of the consolidated totalassets and revenue, as at and for the year endedDecember 31, 2009.

6. PT Wijaya Karya Jabar Power, anak perusahaan yang55% sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 0,16% dari aset konsolidasian.

Laporan keuangan tersebut diaudit oleh auditor independenlain dengan pendapat wajar tanpa pengecualian, yangkeseluruhan laporan tersebut telah diserahkan kepada kami,dan pendapat kami, sepanjang berkaitan dengan jumlah-jumlah untuk PT Wijaya Karya Beton, PT Wijaya KaryaIntrade, PT Wijaya Karya Realty, PT Wijaya Karya InsanPertiwi, PT Wijaya Karya Bangunan Gedung, dan PT WijayaKarya Jabar Power didasarkan semata-mata atas laporan-laporan auditor independen lain tersebut.

6. PT Wijaya Karya Jabar Power, a 55% ownedsubsidiary, which statements reflect total assets andrevenues of 0,16% of the consolidated total assets as atDecember 31, 2009.

Those financial statements were audited by otherindependent auditors whose unqualified opinion havebeen furnished to us, and in our opinion, insofar it relatesto the amounts for PT Wijaya Karya Beton, PT WijayaKarya Intrade, PT Wijaya Karya Realty, PT Wijaya KaryaInsan Pertiwi, PT Wijaya Karya Bangunan Gedung, andPT Wijaya Karya Jabar Power, is based on solely on thereports of other independent auditors.

K i l k k dit b d k t d diti W d t d dit i d ith diti

5. PT Wijaya Karya Bangunan Gedung, anak perusahaanyang 99% sahamnya dimiliki oleh perusahaan, yang laporankeuangannya menyajikan aset pada tanggal 31 Desember2009 sebesar 2% dari aset konsolidasian dan pendapatan1% dari pendapatan konsolidasian untuk tahun yangberakhir pada tanggal tersebut.

5. PT Wijaya Karya Bangunan Gedung, a 99% ownedsubsidiary, which statements reflect total assets andrevenues of 2% and 1% respectively of the consolidatedtotal assets and revenue, as at and for the year endedDecember 31, 2009.

iii

Menurut pendapat kami, berdasarkan audit kami dan laporanauditor independen lain tersebut, laporan keuangankonsolidasian yang kami sebut di atas menyajikan secarawajar, dalam semua hal yang material, posisi keuangankonsolidasian PT Wijaya Karya (Persero), Tbk dan AnakPerusahaan tanggal 31 Desember 2009 dan hasil usahaserta arus kas konsolidasian untuk tahun yang berakhir padatanggal tersebut sesuai dengan prinsip akuntansi yangberlaku umum di Indonesia.

In our opinion, based on our audits and the reports fromother independent auditors, the consolidated financialstatements referred to above present fairly, in all materialrespects, consolidated financial position of PT WijayaKarya (Persero), Tbk as of December 31, 2009 and theconsolidated results of its operations and its cash flowsfor the year then ended in conformity with generallyaccepted accounting principles in Indonesia.

Kami melaksanakan audit berdasarkan standar auditingyang ditetapkan Institut Akuntan Publik Indonesia danStandar Pemeriksaan Keuangan Negara yang diterbitkanoleh Badan Pemeriksa Keuangan Republik Indonesia (BPK-RI). Standar tersebut mengharuskan kami merencanakandan melaksanakan audit agar kami memperoleh keyakinanmemadai bahwa laporan keuangan bebas dari salah sajimaterial. Suatu audit meliputi pemeriksaan, atas dasarpengujian, bukti-bukti yang mendukung jumlah-jumlah danpengungkapan dalam laporan keuangan. Audit juga meliputipenilaian atas prinsip akuntansi yang digunakan danestimasi signifikan yang dibuat oleh manajemen, sertapenilaian terhadap penyajian laporan keuangan secarakeseluruhan. Kami yakin bahwa audit kami memberikandasar memadai untuk menyatakan pendapat.

We conducted our audits in accordance with auditingstandards established by the Indonesian Institute ofPublic Accountants and Government Audit Standartissued by Supreme Audit Institution of Republic ofIndonesia. Those standards require that we plan andperform the audit to obtain reasonable assurance aboutwhether the financial statements are free of materialmisstatement. An audit includes examining, on a testbasis, evidence supporting the amounts and disclosuresin the financial statements. An audit also includesassessing the accounting principles used and significantestimates made by management, as well as evaluatingthe overall financial statement presentation. We believethat our audits provide a reasonable basis for ouropinion.

Audit kami laksanakan dengan tujuan untuk menyatakanpendapat atas laporan keuangan pokok secara keseluruhan.Informasi tambahan tentang Laporan Keuangan Indukperusahaan terlampir disajikan untuk analisis tambahanterhadap laporan keuangan Konsolidasian dan bukanmerupakan bagian laporan keuangan pokok yangdiharuskan. Informasi tersebut telah menjadi obyek proseduraudit yang kami terapkan dalam audit atas laporan keuanganKonsolidasian PT Wijaya Karya (Persero), Tbk untuk tahunyang berakhir tanggal 31 Desember 2009, dan menurutpendapat kami, disajikan secara wajar, dalam semua halyang material, berkaitan dengan laporan keuangan pokoksecara keseluruhan.

The purpose of our audit is to express an opinion on theconsolidated financial statements as a whole. Theattached parent company's financial statements arepresented for the purpose of additional analysis on theconsolidated financial statements and it is not a part ofthe basic financial statements required by generallyaccepted accounting principles. Thos information hasbeen subjected to the auditing procedures applied in theaudit of consilidated fainancial statements of PT WijayaKarya (Persero) Tbk., as of December 31, 2009, in ouropinion present fairly, in all material respect in relation tothe consolidated financial statements as whole.

Laporan Kepatuhan Terhadap Peraturan Perundang-undangan dan Pengendalian Intern, kami sampaikan secaraterpisah kepada manajemen dengan laporan kami no:08/LA/PUR/GP/KSI/III/10 tanggal 8 Maret 2010

Compliance Report to Law and Regulation and InternalControl, we submit separately to management with ourreport no: 08/LA/PUR/GP/KSI/III/10 dated March 8,2010

Ijin Akuntan Publik Public Accountant License

29 Maret 2010 March 29, 2010

Laporan keuangan terlampir tidak dimaksudkan untuk menyajikan posisikeuangan, hasil usaha, perubahan ekuitas dan arus kas sesuai denganprinsip dan praktek akuntansi yang berlaku umum di negara dan yurisdiksi selain Indonesia. Standar, prosedur dan praktek untuk mengaudit laporankeuangan tersebut adalah yang berlaku umum dan diterapkan diIndonesia.

The accompanying financial statements are not intended to presentthe finacial position, result of operations, changes in shareholders'equity and cash flows in accordance with accounting principles andpractices generally accepted in countries and jurisdictions other thanIndonesia. The standards, procedures and practices to audit suchfinancial statements are those generally accepted and applied inIndonesia.

iv

PT WIJAYA KARYA (PERSERO), Tbk. PT WIJAYA KARYA (PERSERO), Tbk.

DAN ANAK PERUSAHAAN AND ITS SUBSIDIARIES

NERACA KONSOLIDASIAN CONSOLIDATED BALANCE SHEETS

31 Desember 2009 December 31, 2009

Dengan Angka Pembanding untuk Tahun 2008 With Comparative Figures for 2008

(Dinyatakan dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed in thousand Rupiahs, unless otherwise stated)

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan Setara Kas Cash and Cash Equivalent

Piutang Usaha Trade Receivables

Pihak Hubungan Istimewa Related Parties

Pihak Ketiga Third Parties

Piutang Retensi Retention Receivables

Tagihan Bruto Pemberi Kerja Due From Customer

Pendapatan Yang Akan Diterima Accrued Income

Piutang Lain-Lain Other Receivables

Persediaan Inventories

Uang Muka Advance

Pajak Dibayar Dimuka Prepaid Tax

Biaya Dibayar Dimuka Prepaid Expense

Jaminan Usaha Business Guarantee

Jumlah Aset Lancar Total Current Assets

ASET TIDAK LANCAR NON CURRENT ASSETS

Aset Pajak Tangguhan Deferred Tax Assets

Investasi Pada Perusahaan Asosiasi Investment in Associates

Tanah Belum Dikembangkan Land for Development

Aset Tetap Fixed Assets

Setoran Dana Kerja Sama Operasi Joint Operation Fund Deposits

Goodwill Goodwill

Aset Lain-Lain Other Assets

Jumlah Aset Tidak Lancar Total Non Current Assets

ASET ASSETS

Catatan atas Laporan Keuangan Konsolidasian terlampir The accompanying Notes to the Consolidated

merupakan bagian yang tidak terpisahkan dari laporan keuangan Financial Statements form an integral part of the

secara keseluruhan financial statements

13

(Net of allowance for doubtful

accounts of Rp 6,653,241 in 2009)

(setelah dikurangi penyisihan piutangragu-ragu sebesar Rp 6.653.241 tahun2009)

12.561.205 2n,17

66.123.559

2y,11226.343.376

2l,15121.508.510

203.677.628

19.708.510 21.589.497

335.877.846 2m,16

2k,142y,22

2j,12177.479.831

-

75.983 5.229.930.307

146.172.362

2h,2p,6

1.619.382 4.962.530.398

(setelah dikurangi penyisihan piutangragu-ragu sebesar Rp 96.433.563tahun 2009 dan Rp 75.034.886 tahun2008)


accounts of Rp 96,433,563 in 2009

and Rp 75,034,886 in 2008 )

(setelah dikurangi penyisihan piutangragu-ragu sebesar Rp 16.819.532tahun 2009 dan Rp 16.627.387 tahun2008)


accounts of Rp 16,819,532 in 2009

and Rp 16,627,387 in 2008 )

(setelah dikurangi akumulasipenyusutan sebesar Rp 209.734.908tahun 2009 dan sebesar Rp168.888.168 tahun 2008 )

(Net of accumulated depreciation of

Rp 209,734,908 in 2009 and Rp

168,888,168 in 2008 )

60.224.624 643.983.981 122.631.965 7

404.839.180

76.428.845

234.276.781

81.044.472.772

181.772.149

12.495.893

2008

2e,3

2d,f,42f,4668.376.900 2g,5

1.051.432.167

205.518.435 833.583.556 352.172.831

1.210.888.160

Notes2009

203.693.856

2i,910

94.753.932

85.800.618 1.350.022.508

706.972.814

10.048.964 2z,1852.924.232

5.700.613.602

738.083.204

142.774.616 332.207.429

5.771.423.810

57.002.513 541.493.503

1

2y,19

Catatan /



NERACA KONSOLIDASIAN CONSOLIDATED BALANCE SHEETS


Dengan Angka Pembanding untuk Tahun 2008 With Comparative Figures for 2008


KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES

Pinjaman Jangka Pendek Short Term Loans

Hutang Usaha Trade Payables

Pihak Ketiga Third Parties

Pihak Hubungan Istimewa Related Parties

Hutang Lain-lain Other Payables

Kewajiban Bruto Pemberi Kerja Due to Customer

Hutang Pajak Tax Payables

Uang Muka Dari Pelanggan Advance From Customers

Biaya Yang Masih Harus Dibayar Accrued Expenses

Pendapatan Yang Diterima Dimuka Unearned Revenue

Hutang Jangka Panjang Jatuh Tempo Long-Term Liabilities of

Dalam Satu Tahun Current Maturities

Hutang Bank Bank Loan

Jumlah Kewajiban Lancar Total Current Liablities

KEWAJIBAN TIDAK LANCAR NON CURRENT LIABILITIES

Kewajiban Pajak Tangguhan Deferred Tax Liabilities

Kewajiban Imbalan Pasca Kerja Employee Benefits Liabilities

Uang Muka Proyek Jangka Panjang Advance for Long Term Projects

Hutang Jangka Panjang Dikurangi Long Term Liablities - Net of

Jatuh Tempo Dalam Satu Tahun Current Maturity

Hutang Bank Bank Loan

Jumlah Kewajiban Tidak Lancar Total Non Current Liablities

HAK KEPEMILIKAN MINORITAS MINORITY INTEREST

EKUITAS EQUITY

Modal Saham Share Capital

Tambahan Modal Disetor Additional Paid-in Capital

Changes in Equity of

Subsidiary Company

Foreign Exchange Translation

of Financial Statement

Saldo Laba Retained Earnings

Jumlah Ekuitas Total Equity

KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY




102.773.556

106.675.119

Treasury stock presented in par

value of 176,686,500 share and

127,448,000 share in 2009 and 2008

-

12.002.917 2v1,27 8.037.914

- 3.435.524.547

-

617.371.349

-

6.426.000

207.151.667

32.894.938

156.503.407

1.285.670.315

386.430

74.868.631

20

26.737.623 18.144.602

2q,24121.441.112

2d,2159.515.116 1.103.504.794 21

756.439.593

21.326.789

603.838.743

2008Catatan /

2009 Notes

819.278.650

2h,2p,622

- -

3.718.383

25652.072.975

2y,23

26

2v1,28

29 23.574.000 3.620.586.590

986.086.634

30

665.257.512

2a,b,23

Authorized Capital 16,000,000,000

shares, par value of Rp 100 (full

amount) per share. Issued and paid

up capital 5,846,367,500 and

5,846,154,000 in 2009 and 2008.

5.700.613.602

31

683.439.809 629.374.265

386.017.420 246.892.633

584.636.750

2t,32

565.877.973

(17.668.650)

2s,33

(12.744.800)

8.813.220 564.159.304

584.615.400

82.756.205

Perubahan ekuitas pada Perusahaan Anak

Selisih kurs penjabaran laporan keuangan

Modal Dasar 16.000.000.000 saham,nilai nominal Rp 100 (Rupiah penuh) persaham. Modal ditempatkan dan disetor5.846.367.500 dan 5.846.154.000saham tahun 2009 dan 2008.

-

-

5.771.423.810

1.384.641.206

6.983.190

2

1.532.941.234

Modal Saham yang diperoleh kembalidisajikan dengan nilai nominal176.686.500 saham dan 127.448.000saham tahun 2009 dan 2008



LAPORAN LABA RUGI KONSOLIDASIAN CONSOLIDATED STATEMENT OF INCOME

Untuk tahun yang berakhir tanggal 31 Desember 2009 For the year ended December 31, 2009

Dengan Angka Pembanding untuk tahun With Comparative Figures for the year

yang berakhir 31 Desember 2008 ended December 31, 2008


PENJUALAN BERSIH NET SALES

BEBAN POKOK PENJUALAN COST OF SALES

Laba Kotor Sebelum Bagian Laba Gross Profit Before Income

Proyek KSO Portion of JO Project

Laba (Rugi) Proyek KSO Profit (Loss) JO Project

Laba Kotor Setelah Bagian Laba Gross Profit After Income

Proyek KSO Portion of JO Project

BEBAN USAHA OPERATING EXPENSES

Beban Penjualan Sales Expenses

Beban Umum dan Administrasi General and Administrative Expenses

Jumlah Beban Usaha Total Operating Expenses

LABA USAHA OPERATING INCOME

PENDAPATAN (BEBAN) LAIN-LAIN OTHER INCOME (EXPENSE)

Pendapatan Bunga Interest Income

Laba (Rugi) Selisih Kurs - bersih Gain (Loss) in Foreign Exchange - Net

Laba (Rugi) Penjualan Aktiva Tetap Gain on Disposal of Fixed Assets

Beban Bunga dan Denda Interest Expense and Penalty

Beban Penyisihan Piutang Allowance Expense for Doubtful Account

Beban Penurunan Nilai Persediaan Impairment Expense for Inventory

Beban Amortisasi Goodwill Amortization Expense of Goodwill

Lain-lain Bersih Others - Net

Jumlah Pendapatan (Beban) Lain-Lain Total Other Income (Expense) - Net

LABA SEBELUM PAJAK PENGHASILAN PROFIT BEFORE INCOME TAX

PENGHASILAN (BEBAN) PAJAK INCOME TAX (EXPENSES)

Pajak Kini Current Tax

Pajak Final Final Tax

Pajak Tangguhan Deferred Tax

Jumlah Penghasilan (Beban) Pajak Total Tax Expense

LABA BERSIH SEBELUM NET INCOME BEFORE

HAK MINORITAS MINORITY INTEREST

HAK MINORITAS ATAS LABA MINORITY INTEREST ON GAIN

ANAK PERUSAHAAN OF ITS SUBSIDIARIES

LABA BERSIH NET INCOME

Laba Bersih Per Saham Dasar Net Earning Per Share

(Rupiah penuh) (Full amount)




442.931.521

(9.034.916)

174.653.317

2a,b,23

2a,b,23(81.761.560)

152.411.483 155.001.293

2.589.810

(3.099.025)

Catatan /

2w,38

645.733.410

2w,39

2009 2008

5.967.731.531 2w,362w,37

Notes

348.108.993 256.414.877

(37.459.198) (72.726.644)

(51.764.196)

(123.866.051)

6.113.046.734 6.559.077.280

446.030.546

(50.177.873)

53.743.541

287.930.228

158.361.039 160.782.419

2.421.380

623.125.754

156.034.395

33,37

189.222.076

3

26,75

22.607.657

6.590.857.284

(17.301.869)

(141.585.048)

206.523.945

(41.274.146)

(28.092.939)

(2.000)

(136.841.998)

(45.046.450) (2.512.241)

2w,40

2a,b,2319.740.201

(18.618.922)

(31.515.351)

26.437.634 4.289.126

(44.024.039)

484.950.991

30.417.205 1.432.768

(21.783.740)

PT WIJAYA KARYA (PERSERO), Tbk. DAN ANAK PERUSAHAAN PT WIJAYA KARYA (PERSERO), Tbk. AND ITS SUBSIDIARIESLAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITIESUntuk tahun yang berakhir tanggal 31 Desember 2009 For the year ended December 31, 2009Dengan Angka Pembanding untuk tahun yang berakhir tanggal 31 Desember 2008 With Comparative Figures for the year ended December 31, 2008(Dinyatakan dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed in thousand Rupiahs, unless otherwise stated)

SALDO PER 1 JANUARI 2008 BALANCE AS OF JANUARY 1, 2008

Saham diperoleh kembali Treasury stockDividen DividendBina Lingkungan Community DevelopmentProgram Kemitraan Funding for small scale businessDana Cadangan Bertujuan Appropriation of General ReserveCadangan lainnya Other Reserve

Laba Bersih Net IncomeSALDO PER 31 DESEMBER 2008 BALANCE AS OF DECEMBER 31, 2008

- 156,034,395 156,034,395 584,615,400 (12,744,800) 565,877,973 - - 79,104,301 11,635,955

- - - - - 156,152,377 1,384,641,206

584,615,400 (12,744,800) 565,877,973 79,104,301 11,635,955 117,982 1,228,606,811 - - - - - 79,104,301 - (79,104,301) -

- (2,327,191) (2,327,191) - - - - - - 11,635,955 - - - - - -

(11,635,955) -

- - - - - - - (1,163,595) (1,163,595) - - - - - - - (34,907,865) (34,907,865) - (12,744,800) (11,461,806) - - - - - (24,206,606)

584,615,400 577,339,779 129,256,889 1,291,212,068

Saldo laba yang ditentukan penggunaannya /

Saldo laba yang belum ditentukan

Penggunaannya/

Unappropriate

JumlahAppropriated Retained

Issued and Paid up Capital Treasury stock Additional Paid-

in Capital

Foreign currency translation adjustment

Changes in Equity of Subsidiary

CompanyStock Option

Modal ditempatkan dan disetor/

Modal saham di peroleh kembali /

Tambahan modal disetor /

Selisih kurs penjabaran

laporan keuangan

Perubahan ekuitas pada perusahaan

anakOpsi saham

Cadangan lainnya/

Cadangan bertujuan/ Total equity

Reserve Reserve

Eksekusi Opsi Saham Stock Option ExecutionSaham diperoleh kembali Treasury StockKompensasi Berbasis Saham Stock Based CompensationDisagio saham diperoleh kembali Discount of TreasuryPerubahan ekuitas anak perusahaan Changes in Equity of Subsidiaries

Foreign Exchange TranslationSelisih kurs penjabaran laporan keuan of Financial StatementDividen DividendBina Lingkungan Community DevelopmentPrgram Kemitraan Funding for Small-Scale BusinessDana Cadangan Bertujuan Appropriation of General ReservesCadangan lainnya Others Reserves

Laba Bersih Net IncomeSALDO PER 31 DESEMBER 2009 BALANCE AS OF DECEMBER 31, 2009

Catatan atas Laporan Keuangan Konsolidasian terlampir merupakan The accompanying Notes to the Consolidated Financial Statementsbagian yang tidak terpisahkan dari laporan keuangan form an integral part of thesecara keseluruhan financial statements

584,636,750 (17,668,650) 564,159,304 6,983,190 8,813,220 (21,350) 154,713,703 41,985,009 189,340,058 1,532,941,234

154,713,703 41,985,009 117,982 1,343,719,158 - - - - - -

584,636,750 (17,668,650) 564,159,304 6,983,190 8,813,220 (21,350) - 189,222,076 189,222,076

- - - - - 75,609,402 - (75,609,402) - - - - - - - 30,349,054 (30,349,054) -

- (1,517,453) (1,517,453) - - - - - - - - - - - - -

(3,034,905) (3,034,905)

- - - - - - - (45,523,581) (45,523,581) - - - 6,983,190 - - - - 6,983,190

- - (5,640,199) - - - - 8,813,220 - - - - (5,640,199) - - -

- 8,813,220

- - 3,921,529 - - - - - 3,921,529

- - (4,923,850) - - - - - - (4,923,850)

21,350 - - - - (21,350) - - -

4



LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOW





ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

OPERASI OPERATING ACTIVITIES

Penerimaan Kas dari Pelanggan Received from Customers

Pembayaran Kepada Pemasok Payment to Suppliers

Pembayaran Kepada Direksi dan Karyawan Payment for Director and Employee

Pembayaran Beban Usaha dan Lainnya Payment for Operating Expense and Others

Penerimaan Bunga Interest Receipt

Pembayaran Bunga Pinjaman Payment of Interest

Pembayaran-penerimaan Pajak Payment - Receipt of Income Tax

PenghasilanKas Bersih Diperoleh dari (Digunakan Net Cash Provided by (Used for)

untuk) Aktivitas Operasi Operating Activities


INVESTASI INVESTING ACTIVITIES

Penurunan (Penambahan) Jaminan Usaha Decrease (Increase) Business Guarantee

Pembelian Aktiva Tetap Acquisition of Fixed Assets

Penempatan Saham Perusahaan Asosiasi Investment in Associated Company

Penurunan (Kenaikan)Kerjasama Operasi Decrease (Increase) in Joint Operation

Pengeluaran Investasi Lainnya Increase in Other Investing Activities

Kas Bersih Diperoleh dari (Digunakan Net Cash Provided by (Used for)

untuk) Aktivitas Investasi Investing Activities


PENDANAAN FINANCING ACTIVITIES

Kenaikan (Penurunan) Pinjaman Bank Increase (Decrease) of Bank Loans

Pembelian Kembali Obligasi Payment of Bonds's Buy Back

Pembelian Kembali Saham yang beredar Treasury Stock

Setoran Modal Paid Up Capital Stock

Payment of Dividend

Pembayaran Program Kemitraan Payment of small scale business and

dan Bina Lingkungan Community Development

Pembayaran Dividen Hak Minoritas Payment of Minority Interest Dividend

Perubahan Ekuitas pada Perusahaan Anak Changes in Equity of Subsidiary Company

Selisih Kurs Penjabaran Foreign Exchange Translation

Laporan Keuangan of Financial Statement

Kenaikan (Penurunan) dari Aktivitas Increase (Decrease) of

Pendanaan Lainnya Other Finance Activities

Setoran Modal Paid in capital

Bagian Laba Hak Minoritas yang Consolidated of Gain

dikonsolidasikan Minority Interest

Kas Bersih Diperoleh dari (Digunakan Net Cash Provided by (Used for)

untuk) Aktivitas Pendanaan Financing Activities

KENAIKAN BERSIH KAS DAN INCREASE OF NET CASH AND

SETARA KAS CASH EQUIVALENT

SALDO KAS DAN SETARA KAS PADA BEGINNING BALANCE OF CASH AND

AWAL TAHUN CASH EQUIVALENT

SALDO KAS DAN SETARA KAS PADA ENDING BALANCE OF CASH AND

AKHIR TAHUN CASH EQUIVALENT

Catatan atas Laporan Keuangan Konsolidasian terlampir merupakan The accompanying Notes to the Consolidated Financial Statements

bagian yang tidak terpisahkan dari laporan keuangan form an integral part of the


1.364.820.703

(5.080.895) 8.813.220

(204.582)

1.051.432.167

159.455.993

1.210.888.160

(313.388.536)

- 6.983.190

17.301.869 4.270.788

(79.988.525) (136.495.315)

(1.543.399)

-

(25.413.026)

(10.564.051)

(45.523.581)

(101.800.000) (39.964.347)

(209.176.554)

21.350

(477.335.336)

(40.455.781)

2009 2008

(5.628.651.223) (6.540.233.238) 6.789.386.493 6.382.186.684

(51.764.196) (44.024.039)

(119.789.120) (105.161.538)

30.417.205 53.743.541 (59.401.186) (64.520.070)

(4.552.358)

(119.869.929)

880.209.448

21.751.811

(123.685.912) 737.187

(672.745)

(133.443.664) 457.844.395

(454.503.975)

5

(3.490.786)

-

(18.000.270)

(24.206.605)

(34.907.865) Pembayaran Dividen

1.051.432.167

260.985.368 (511.576.901)

(6.516.623) - -

- - -

PT WIJAYA KARYA (PERSERO), Tbk PT WIJAYA KARYA (PERSERO), Tbk


CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Dengan Angka Perbandingan untuk Tahun 2008 With Comparative Figures for 2008


Umum General

Pendirian Perusahaan The Company's Establishment

The company's article of association has been amended

several times, last amended by Act No. 11 dated June 10, 2008

are drawn up before Masjuki, SH., Substitute Imas Fatimah,

SH., Notary in Jakarta which has been approved by the Minister

of Justice and Human Rights Republic of Indonesia as stated in

the Decree of Ministry of Justice and Human Rights Number

AHU 40110.AH.01.02 in 2008 dated on July 10, 2008 and has

been published in the Republic of Indonesia dated November

24, 2009 No. 94 Supplement No. 27 in 2009.

1. 1.

PT Wijaya Karya (Persero), Tbk., ("Perseroan")didirikan berdasarkan Undang-undang No.19 tahun1960 jo Peraturan Pemerintah No. 64 tahun 1961tentang Pendirian Perusahaan Negara/PN "WidjajaKarja" tanggal 29 Maret 1961. Berdasarkan PeraturanPemerintah No. 64 ini pula, perusahaan bangunanbekas milik Belanda yang bernama NaamlozeVennootschap Technische Handel Maatschappij enBouwbedrijf Vis en Co. yang telah dikenakannasionalisasi, dilebur ke dalam PN Widjaja Karja.

PT Wijaya Karya (Persero), Tbk., ("Perseroan") was

established based on Law No. 19 of 1960 in conjunction with

the Government Regulation No. 64 of 1961 dated March 29,

1961 regarding the establishment of State Company/PN

"Widjaja Karja". By the virtue of this Government Regulation

No. 64, construction company as formerly held by Dutch

namely Naamloze Vennootschap Technische Handel

Maatschappij en Bouwbedrijf Vis en Co imposed nationalization

was merged into PN Widjaja Karja.

Berdasarkan Peraturan Pemerintah No. 40 tanggal 22Juli 1971, PN. Widjaja Karja dinyatakan bubar dandialihkan bentuknya menjadi Perusahaan Perseroan(PERSERO), sebagaimana dimaksud dalam pasal 2ayat 3 Undang-undang No. 9 Tahun 1969 (LembaranNegara Republik Indonesia No. 40 tahun 1969,Tambahan Lembaran Negara Republik Indonesia2904). Selanjutnya Perseroan ini dinamakan "PT WijayaKarya", berdasarkan Akta Perseroan Terbatas No. 110tanggal 20 Desember 1972 yang dibuat di hadapanDian Paramita Tamzil, pada waktu itu pengganti dariDjojo Muljadi, SH., Notaris di Jakarta, jo AktaPerubahan Naskah Pendirian Perseroan Terbatas "PTWijaya Karya" No. 106, tanggal 17 April 1973 yangdibuat dihadapan Kartini Muljadi, SH., Notaris diJakarta, keduanya telah disahkan oleh MenteriKehakiman Rpublik Indonesia dengan Keputusan No.Y.A.5/165/14 tanggal 8 Mei 1973, didaftarkan diPengadilan Negeri Jakarta dengan No. 1723 dan No.1724 tanggal 16 Mei 1973, serta telah diumumkandalam Berita Negara Republik Indonesia No. 76 tanggal21 September 1973, Tambahan No. 683.

Based on Government Regulation No. 40 dated July 22, 1971,

PN Widjaja Karja was dissolved and changed into new

corporation as Perseroan (Persero), as that mentioned in

paragraph 3 of article 2 of the Law No. 9 of 1969 of the

Republic of Indonesia (State Gazette of the Republic of

Indonesia No. 40 of 1969, Supplement No. 2904). Pursuant to

Notary Deed No. 110 dated December 20, 1972 of Dian

Paramita Tamzil, replacing Notary of Djojo Muljadi, SH, public

notary practicing in Jakarta jo. Notary Deed No. 106 dated April

17, 1973 of Kartini Muljadi, SH., Notary public practicing in

Jakarta, the company, henceforth is name "PT Wijaya Karya",

both Notary Deeds have been approved by Minister of Justice

of the Republic of Indonesia under the Decree No. Y.A.5/165/14

dated May 8, 1973, registered in Jakarta District Court No.

1723 and No. 1724 dated May 16,1973, and promulgated in

state gazette of the Republic of Indonesia No. 76 dated

September 21, 1973. Supplement to the state gazette No. 683.

a. a.

Anggaran Dasar Perseroan telah beberapa kali diubah,yang terakhir telah diubah dengan Akta No. 11 tanggal10 Juni 2008 yang dibuat di hadapan Masjuki, SH.,pengganti Imas Fatimah, SH., Notaris di Jakarta yangtelah mendapat persetujuan Menteri Hukum dan HakAsasi Manusia Republik Indonesia sebagaimanadinyatakan dalam Surat Keputusan Menteri Hukum danHak Asasi Manusia Nomor AHU-40110.AH.01.02 tahun2008 tanggal 10 Juli 2008 dan telah diumumkan dalamBerita Negara Republik Indonesia tanggal 24 Nopember2009 Nomor 94 Tambahan Nomor 27 Tahun 2009.

6







Umum - Lanjutan General - Continued

Bidang Usaha Business Segment

Pengurus Perseroan Management of the Company

Dewan Komisaris :

Komisaris Utama Ir. Agoes Widjanarko,. MIP President Commissioner

Komisaris Independen DR. Amanah Abdulkadir, MA Independent Commissioner

Komisaris Independen Brigjend TNI (Pur) Dadi Pratjipto, SE. Independent Commissioner

Komisaris Pontas Tambunan, SH., MM Commissioner

Komisaris Soepomo, SH., SP.N., L.LM Commissioner

Kegiatan usaha yang saat ini dilakukan adalah JasaKonstruksi, Real Estate, Industri Pabrikasi danPerdagangan.

Business activity as currently conducted shall be Construction

Service, electrical Mechanical,Real Estate, Manufacturing and

Trading Industry.

Board of Commissioner :

Berdasarkan Surat Keputusan Menteri Negara BadanUsaha Milik Negara selaku Rapat Umum PemegangSaham No. KEP-208/MBU/2007 tanggal 21 September2007 dan Akta Pernyataan Menteri Negara BadanUsaha Milik Negara No. 149 tanggal 31 Agustus 2007dibuat dihadapan Imas Fatimah, S.H., Notaris diJakarta, susunan Komisaris Perseroan pada tanggal 31Desember 2009 dan 2008 adalah sebagai berikut :

Akta tersebut merubah Akta Pernyataan KeputusanPara Pemegang Saham sebelumnya yaitu Akta No. 28tanggal 13 Agustus 2007 tentang Perseroan menjadiPerusahaan Terbuka yang dibuat di hadapan ImasFatimah, SH., Notaris di Jakarta juncto Akta PerubahanAnggaran Dasar No. 13 tanggal 11 September 2007dibuat dihadapan Nila Noordjasmani Soeyasa Besar ,S.H, pengganti dari Imas Fatimah, S,H., Notaris diJakarta yang masing-masing telah disetujui MenteriHukum dan Hak Asasi Manusia Republik Indonesiadengan persetujuan No.W7-09068HT.01.04-TH.2007tanggal 16 Agustus 2007 dan No. W7-10030HT.01.04-TH.2007 tanggal 11 September 2007 dan telahdiumumkan dalam Berita Negara tanggal 25 April 2008Nomor 34 Tambahan 4961 Tahun 2008.

The above Deed changed Deed of Declaration of Shareholders

Decision No. 28 dated August 13, 2007 regarding the Company

became the Public Company made before Imas Fatimah, SH.,

Notary in Jakarta juncto Deed of Association Changes No. 13

dated September 11, 2007 drawn up before Nila Noordjasmani

Soeyasa Besar, SH, substitute of Imas Fatimah, S, H., Notary

in Jakarta, which each had been approved by the Minister of

Justice and Human Rights Republic of Indonesia with the

approval of No.W7-09068HT.01.04 -TH.2007 dated August 16,

2007 and No. W7-10030HT.01.04-TH.2007 on September 11,

2007 and has been announced in the State Gazette dated April

25 2008 No. 34 Supplement 4961 in 2008.

Perusahaan beralamat di Jl. D.I Panjaitan kav.9,Jakarta Timur, perusahaan mulai beroperasi secarakomersial pada tahun 1961.

The Company's headquarter is located at Jl. D.I. Panjaitan Kav.

9, East Jakarta. The Company started its activities in

commercial manner in 1961.

Based on Decree of the State Minister of State-Owned

Enterprises of the Republic of Indonesia No. KEP-

208/MBU/2007 dated September 21, 2007 and Deed No. 149

dated August 31, 2007 of Imas Fatimah, S.H., Notary in

Jakarta, the composition of the Company's Board of

Commissioners as of December 31, 2009 and 2008 is as

follows :

1. 1.

b. b.

c. c.

Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan,maksud dan tujuan Perseroan adalah berusaha dalambidang jasa konstruksi, pabrikasi, jasa penyewaan,keagenan, investasi, agroindustri, perdagangan,pengelolaan kawasan, layanan jasa peningkatankemampuan di bidang konstruksi, teknologi informasidan pengembangan pada khususnya.

According to Article 3 of the Articles of Association, the goals

and objectives of the Company are particularly in the

development of construction industry, manufacturing, rental

services, agency, investment, agroindustry, trade, management

of area, services on capability improvement in the construction

services, developer and information technology.

7








Dewan Direksi

Direktur Utama Bintang Perbowo, SE., MM. President Director

Direktur Keuangan Drs. R. Ganda Kusuma, MBA. Director of Finance

Direktur Operasi I Ir. Budi Harto, MM. Operational Director I

Direktur Operasi II Ir. Slamet Maryono Operational Director II

Direktur Sumber Daya Manusia Ir. Tonny Warsono, MM Director of Human Resources

dan Pengembangan and Development

Komite Audit :

Ketua DR. Amanah Abdulkadir, MA Chairman

Anggota Shalahuddin Haikal, MM., LLM Member

Anggota Ir. Mukti Wibowo Member

Anggota M. Slamet Wibowo, SE., MBA Member

Ketua DR. Amanah Abdulkadir, MA Chairman

Anggota Rosmala, SE., Ak. Member

Anggota Ir. Tri Budi Santoso Member

Anggota Shalahuddin Haikal, MM., LLM Member

Sekretaris Perusahaan :

Berdasarkan Surat Keputusan Dewan KomisarisNo.65/DK/WIKA/2008 tanggal 6 November 2008,susunan Komite Audit tanggal 31 Desember 2008,adalah sebagai berikut :

Based on the Letter of Board of Commissioner

No.65/DK/WIKA/2008 dated November 6, 2008, the structure

of Audit Committee dated December 31, 2008 is as follows:

Corporate Secretary

Berdasarkan Surat Keputusan Dewan DireksiNo.SK.02.01/A.DIR.00538/2009 tanggal 24 Desember2009 dan Surat Keputusan DireksiNo.SK.02.01/A.DIR.0362/2008 Pejabat SekretarisPerusahaan per 31 Desember 2009 adalah NatalArgawan, SE., dan Pejabat Sementara Sekretarisperusahaan per 31 Desember 2008 adalah ImamSudiyono.

Based on the Letter of Board of Director

No.SK.02.01/A.DIR.00538/2009, dated December 24, 2009 and

No. SK.02.01/A.DIR.0362/2008 , Official for the Corporate

Secretary as of December 31, 2009 was Natal Argawan, SE.,

and Temporary Official for the Corporate Secretary as of

December 31, 2008 was Imam Sudiyono.

Biaya remunerasi Direksi Perusahaan untuk tahun 2009dan 2008 masing-masing sebesar Rp 5.263.939.239(Rupiah penuh) dan Rp 3.852.572.482 (Rupiah penuh).Biaya remunerasi Dewan Komisaris Perusahaan untuktahun 2009 dan 2008 masing-masing sebesar Rp1.973.071.511 (Rupiah penuh) dan Rp 1.523.547.087(Rupiah penuh).

Remuneration cost of Board of Director of the Company for the

year 2009 and 2008 shall be respectively Rp 5,263,939,239

(Full amount) and Rp 3,852,572,482 (Full amount).

Remuneration cost of Board of Commissioner of the Company

for the year 2009 and 2008 shall be respectively Rp

1,973,071,511 (Full amount) and Rp 1,523,547,087 (Full

amount) .

Board of Director :

Berdasarkan Akta No. 59 tanggal 23 Mei 2008mengenai Pernyataan Keputusan Rapat PerusahaanPerseroan (Persero) PT. Wijaya Karya Tbk dibuat dihadapan Notaris Imas Fatimah, SH. Notaris di Jakarta,susunan Direksi tanggal 31 Desember 2009 and 2008sebagai berikut :

Based on the Deed No.59 dated May 23 2008 regarding

Statement of Meeting Resolution of the Company of PT Wijaya

Karya (Persero) Tbk drawn up and passed before Notary Public

Imas Fatimah,SH., practicing in Jakarta,the composition of

Board of Director as of December 31, 2009 and 2008 is as

follows:

1. 1.

Audit Committee :

Berdasarkan Surat Keputusan Dewan KomisarisNo.52/DK/PT.WK/2009 tanggal 9 Oktober 2009,susunan Komite Audit tanggal 31 Desember 2009,adalah sebagai berikut :

Based on the Letter of Board of Commissioner No.52/DK/PT.

WK/2009 dated October 9, 2009, the structure of Audit

Committee as of December 31 2009 is as follows:

8








Perusahaan Anak Subsidiary Company

PT Wijaya Karya Beton ("WIKA BETON") PT Wijaya Karya Beton ("WIKA BETON")

Upstream

1,596,807,892 1,370,998,105

Jumlah karyawan Perusahaan (organik dan nonorganik) pada tanggal 31 Desember 2009 dan 2008masing-masing adalah 1.290 orang dan 1.268 orang(tidak diaudit).

The Company has 1.290 and 1.268 employees (organic and

non-organic) as of December 31, 2009 and 2008, respectively

(unaudited).

Perusahaan memiliki secara langsung lebih dari 50%saham anak perusahaan, dengan rincian sebagaiberikut:

The Company directly owned more than 50% shares on

subsidiaries as follows:

Seluruh anak perusahaan berdomisili di Indonesia. The entire subsidiaries are domiciled in Indonesia.

WIKA BETON merupakan anak perusahaan dariPerseroan. Sebelum menjadi anak perusahaan, sejaktahun 1974 WIKA BETON merupakan bagian dari indukperusahaan yaitu Divisi Produk Beton. Seiring denganvisi dan misi perseroan maka WIKA BETON resmimenjadi anak perusahaan pada tanggal 11 Maret 1997sesuai dengan Akta Perseroan Terbatas WIKA BETONNo.44 tanggal 11 Maret 1997, yang dibuat di hadapanAchmad Bajumi, SH, selaku pengganti dari ImasFatimah, SH. Notaris di Jakarta.

WIKA BETON constitutes subsidiary of the company. Before

being subsidiary of the company, since in 1974, WIKA BETON

was the part of the company i.e. Division of Concrete Pruduct.

Along with the vission and mission of the company, then

consequently, WIKA BETON was officially established as

subsidiary of the company on the date of March 11, 1997 in

accordance with Deed of Limited Company of WIKA BETON

No.44 dated March 11, 1997 drawn up and passed before

Achmad Bajumi, SH, then as alternate notary public for Imas

Fatimah, SH. Notary public practicing in Jakarta.

Anggaran Dasar Perseroan yang termuat dalam AktaPendirian, telah mengalami beberapa kali perubahan,terakhir berdasarkan Akta Perubahan Anggaran DasarWIKA BETON No.31 tanggal 15 Agustus 2007 ("AktaNo. 31") yang dibuat dihadapan Hambit Maseh, S.H.,Notaris di Jakarta yang telah memperoleh persetujuanMenteri Kehakiman dan Hak Asasi Manusia RepublikIndonesia dengan persetujuan No. W7-09069HT.01.04.TH.2007 tanggal 16 Agustus 2007. Alamatkantor pusat WIKA BETON di Jalan D.I Panjaitan Kav.3-4, Jakarta. Perusahaan dalam menjalankanoperasinya mempunyai 6 Wilayah Penjualan ("WP")dan 7 Pabrik Produk Beton ("PPB"), yang berlokasitersebar di beberapa wilayah Indonesia.

Articles of association of the company has been amended

several times and most recently by Deed of Amendment to

Articles of Association of WIKA BETON Number 31 dated

August 15, 2007 (Deed No.31) drawn up and passed before

Hambit Maseh, S.H., Notary practicing in Jakarta, so obtained

approval from Minister of Justice and Human Right of the

Republic of Indonesia Number W7-09069 HT.01.04.TH.2007

dated August 16 2007. Head office of WIKA BETON is located

at Jalan D.I. Panjaitan Kav 3-4 Jakarta. The company in

implementing the operation has 6 Selling Areas ("WP") and 7

Concrete Producing Plant ("PPB") have spreading location

within several Indonesian teritories.

PT Wijaya Karya Realty Real Estate 2000 78.40% 456,986,844 421,879,881

2008PT Wijaya Karya Beton Concrete Industry 1997

Jumlah aktiva (sebelum eliminasi)/ Total

assets (before elimination)

2009

PT Wijaya KaryaBangunan Gedung

Construction and Engineering 2008 99% 133,240,523 50,093,001

PT Wijaya Karya InsanPertiwi

Construction, Electrical Mechanical 1984 70.08% 48,828,659 34,603,012

PT Wijaya Karya Intrade Trading 2000 78.40% 522,764,204

- PT Wijaya Karya JabarPower

650,195,372

8,913,749 Phase of Development 55%

Nama perusahaan/ The

Company

Bidang usaha/ Line of

Business

Kegiatan Komersial/

Commercial

Operations

Persentase Kepemilikan/ Percentage of

Ownership

1. 1.

d. d.

78.40%

9








Ikhtisar Data Keuangan Financial Data Summary

PT Wijaya Karya Realty ("WIKA REALTY") PT Wijaya Karya Realty ("WIKA REALTY")

1.29%

Modal Dasar/Authorized Capital 4,600,000,000 460,000,000,000 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

Berdasarkan Anggaran Dasar WIKA BETON, kegiatanusaha WIKA BETON bergerak dalam bidang usahaindustri beton, jasa konstruksi dan bidang usaha lainnyayang terkait.

Based on the Articles of association of WIKA BETON, business

activities of WIKA BETON shall engage in the business of

providing concrete industry, construction services and such

other related business fields.

Berdasarkan akta berita acara Rapat Umum PemegangSaham Luar Biasa WIKA BETON No.15 tanggal 30April 2007, dibuat di hadapan Hambit Maseh, SH.,Notaris di Jakarta, struktur permodalan dan susunanpemegang saham WIKA BETON adalah sebagaiberikut :

Based on the deed of minutes of General Extraordinary Meeting

of Shareholders of WIKA BETON No.15 dated April 30, 2007,

drawn up and passed before Hambit Maseh, SH., Public Notary

Practicing in Jakarta, the structure of capitalization and the

structure of shareholders of WIKA BETON shall be as follows :

Pemegang Saham/Shareholders Nilai Nominal/Par Value of Rp.100,- per shareSaham/Share Rupiah penuh/Full amount %

Total Assets

Jumlah Kewajiban 1,337,989,202 1,176,375,961 Total Liabilities

Saham dalam Portepel/Portfolio Stock 3,450,000,000 345,000,000,000

Uraian 2009 2008 Description

- Koperasi Karya Mitra Satya 233,565,000 23,356,500,000 20.31% Jumlah/Total 1,150,000,000 115,000,000,000 100%

- PT Wijaya Karya (Persero) Tbk 901,600,000 90,160,000,000 78.40%- Yayasan Kesejahteraan Pegawai PT WIKA 14,835,000 1,483,500,000

Jumlah Ekuitas 258,818,690 194,622,144 Equity

WIKA REALTY didirikan tanggal 20 Januari 2000berdasarkan akte Notaris Imas Fatimah, SH., No.17,telah memperoleh persetujuan dari Menteri NegaraPenanaman Modal dan Pembinaan BUMN Nomor S-01/MDU.1-PBUMN/1999, tentang persetujuan PendirianAnak Perusahaan PT Wijaya Karya (Persero). Aktependirian tersebut telah mendapat pengesahan dariMenteri Kehakiman Republik Indonesia No.C-20856 HT01.01.TH 2000, tanggal 15 September 2000. Maksuddan tujuan WIKA REALTY telah dituangkan dalam AktaPernyataan Keputusan Rapat No.67 Notaris ImasFatimah, SH., di mana perusahaan bergerak di bidangusaha Realty dan bidang properti, memulai kegiatankomersialnya pada tanggal 21 Januari 2000. Padatanggal 21 Juli 2004, dalam rangka peningkatan modaldasar perusahaan dan pemecahan nilai saham.Anggaran dasar perusahaan dirubah dengan aktanomor 4 dari Notaris Imas Fatimah, SH. Perubahan initelah mendapat persetujuan dari Menteri Kehakimandan Hak Asasi Manusia RI No.C-1689 HT 01.04.TH2004 tanggal 8 Juli 2004.

WIKA REALTY was officially established on the date January

20, 2000 based on Notarial Deed of Imas Fatimah, SH., No.17

so obtained approval from State Minister for Investment and

Guidelines of BUMN number S-01/MDU.1-PBUMN/1999

regarding approval for Establishment of Subsidiary Company of

PT Wijaya Karya (Persero). Deed of Establishment has been

approved by Minister of Justice of the Republic of Indonesia

No.C-20856 HT 01.01.TH 2000 dated September 15, 2000. The

purpose and objective of WIKA REALTY shall have been

entered into Deed of Statement Meeting Resolution No.67

Notary Public of Imas Fatimah, SH., in which the company shall

engage in the business of providing Realty and property

business field and commence the activities on January 20,

2000. On the date of July 21, 2004, for the purpose of the

Company authorized capital increase and share value fraction.

Articles of association of the company was amended by deed

No 4 from Public Notary, Imas Fatimah, SH. The amended has

been approved by Minister of Justice and Human Right of the

Republic of Indonesia No.C-1689 HT 01.04.TH 2004 dated July

8, 2004.

1,596,807,892 1,370,998,105

1. 1.

Jumlah Aset

10








Saham/Share


Description

Total Assets

Total Liabilities

Equity

PT Wijaya Karya Intrade ("WIKA INTRADE") PT Wijaya Karya Intrade ("WIKA INTRADE")

Pemegang Saham / ShareholdersNilai Nominal/Par Value of Rp.100,- per share

Rupiah penuh/Full amount %

Modal Dasar/Authorized Capital 2,800,000,000 280,000,000,000 -

Perubahan terakhir adalah berdasarkan AktaPerubahan Anggaran Dasar PT Wijaya Karya RealtyTbk. No.33 tanggal 15 Agustus 2007 ("Akta No.33")yang dibuat di hadapan Hambit Maseh,SH. Notaris diJakarta yang telah mendapat persetujuan dari MenteriKehakiman dan Hak Asasi Manusia RI No.W7-09022HT.0104.TH 2007 tanggal 21 Agustus 2007.

Recent amendment shall be made on the basis of Deed

Amendment to Articles of Association of PT Wijaya Karya

Realty Tbk. No.33 dated August 15, 2007 ("Deed No.33")

drawn up and passed before Hambit Maseh, SH., Notary public

practicing in obtained approval from Minister of Justice and

Human Right of the Republic of Indonesia No.W7-

09022HT.0104.TH 2007 dated August 21, 2007.

Berdasarkan Akta Pernyataan Keputusan Rapat No.67tanggal 15 Agustus 2001 Notaris Imas Fatimah,SH.,maksud dan tujuan bidang usaha WIKA REALTY yaituRealty, Property dan Jasa kecuali jasa di bidang hukumdan pajak.

Based on the Deed of Statement of Meeting Resolution No.67

dated August 15, 2001 of Notary of Imas Fatimah,SH., the

purpose and objective of WIKA REALTY business field shall be

Realty, Property and services, except services in legal and tax

field.

Berdasarkan akta berita acara Rapat Umum PemegangSaham Luar Biasa WIKA REALTY No.17 tanggal 30April 2007, dibuat di hadapan Hambit Maseh, SH.,Notaris di Jakarta, struktur permodalan dan susunanpemegang saham WIKA REALTY adalah sebagaiberikut :

Based on the deed of minutes of General Extraordinary Meeting

of Shareholders of WIKA REALTY No.17 dated April 30, 2007,

drawn up and passed before Hambit Maseh, SH., Notary


structure of shareholders of WIKA REALTY shall be set forth

as follows :

Jumlah/Total 700,000,000 70,000,000,000 100%

Saham dalam Portepel/Portfolio Stock 2,100,000,000 210,000,000,000

- Yayasan Kesejahteraan Pegawai PT WIKA 9,030,000 903,000,000 1.29%

- Koperasi Karya Mitra Satya 142,170,000 14,217,000,000 20.31%

Modal Ditempatkan dan Disetor Penuh/ Paid in Capital : - - -

- PT Wijaya Karya (Persero) Tbk 548,800,000 54,880,000,000 78.40%

WIKA INTRADE didirikan tanggal 20 Januari 2000berdasarkan Akta Perseroan Terbatas No.16 dibuat dihadapan Nila Noordjasmani Soeyasa Besar,SH.,pengganti dari Imas Fatimah, SH., Notaris di Jakarta, dimana telah mendapat pengesahan dari Menteri Hukumdan Perundang-undangan Republik Indonesia denganC-19656HT 01.TH 2000 tanggal 4 September 2000dan telah diumumkan dalam Berita Negara RepublikIndonesia No.10 tanggal 2 Pebruari 2001. AnggaranDasar WIKA INTRADE telah mengalami beberapa kaliperubahan, terakhir mencakup perubahan nilai nominalmodal dasar, dengan Akta Notaris Imas Fatimah, SH.,No.3 tanggal 2 Juni 2004.

WIKA INTRADE was officially established on January 20, 2000

on the basis of Notarial Deed of Limited Liability Company

No.16 drawn up and passed before Nila Noordjasmani Soeyasa

Besar, SH., then as an alternate notary public Imas Fatimah,

SH. Notary Public practicing in Jakarta, in which has obtained

appoval from Minister for Laws and Regulations of the Republic

of Indonesia No.C-19656 HT 01.TH 2000 dated September 4,

2000 and promulgated in State Gazette of the Republic of

Indonesia No.10 dated February 2, 2001. Articles of

Association of WIKA INTRADE was amended in several times

and most recently by amendment to Par Value of Authorized

Shares, under Notarial Deed of Imas Fatimah, SH., No.3 dated

June 2, 2004

Jumlah Kewajiban 337,865,808 318,122,335 Jumlah Ekuitas 119,121,037 103,757,546

Uraian 2009 2008Jumlah Aset 456,986,844 421,879,881

1. 1.

11









Description

Total Assets

Total Liabilities

Equity

PT Wijaya Karya Insan Pertiwi ("WIKA INSAN PERTIWI") PT Wijaya Karya Insan Pertiwi ("WIKA INSAN PERTIWI")

Perihal Pernyataan Keputusan Rapat Umum PemegangSaham dan pengesahan dari Departemen Hukum danHak Asasi Manusia Republik Indonesia RI No.C-16985.HT. 01.04.TH 2004 tanggal 8 Juli 2004, sertatelah terdaftar dalam Daftar Perusahaan di JakartaTimur TDP No. 090415115039 tanggal 26 Juli 2004.

Regarding Statement of General Meeting Resolution of

Shareholders and Legalization from Ministry of Law and Human

Rights of the Republic of Indonesia No.C-16985.HT.01.04.TH

2004 dated July 8, 2004, and registered in Registration of the

Company in East Jakarta TDP No.090415115039 dated July

26, 2004.

WIKA INTRADE bergerak dalam bidang industri danperdagangan umum baik untuk memenuhi permintaandalam negeri maupun luar negeri yang meliputi BisnisUnit Metal, Konversi Energi, Pressing dan JasaHandling Ekspor dan Impor.

WIKA INTRADE shall engage in the business of providing

public Industry and Trading both in order to fulfill domestic and

foreign requirements including business unit such as Metal,

Energy Conversion, Pressing, Exported and Imported Handling

Services.

- PT Wijaya Karya (Persero) Tbk 211,680,000 21,168,000,000 78.40%

- Yayasan Kesejahteraan Pegawai PT WIKA 3,483,000 348,300,000 1.29%

Modal Dasar/Authorized Capital 1,080,000,000 108,000,000,000 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

Berdasarkan akta berita acara Rapat Umum PemegangSaham Luar Biasa WIKA INTRADE No.19 tanggal 30April 2007, dibuat di hadapan Hambit Maseh, SH.,Notaris di Jakarta, struktur permodalan dan susunanpemegang saham WIKA INTRADE adalah sebagaiberikut :

Pursuant to deed of minutes of Extraordinary General Meeting

of Shareholders of WIKA INTRADE No.19 dated April 30, 2007,

drawn up and passed before Hambit Maseh, SH., Notary


structure of shareholders of WIKA INTRADE shall be set forth

as follows :

Pemegang Saham/Shareholders Nilai Nominal/Par Value of Rp.100,- per shareSaham/Share Rupiah penuh/Full amount %

Jumlah Aset 522,764,204 650,195,372 Jumlah Kewajiban 497,158,726 606,501,617

Saham dalam Portepel/Portfolio Stock 810,000,000 81,000,000,000

Uraian 2009 2008

- Koperasi Karya Mitra Satya 54,837,000 5,483,700,000 20.31%

Jumlah/Total 270,000,000 27,000,000,000 100%

Struktur permodalan dan komposisi susunan pemegangsaham PT Wika Insan Pertiwi :

The Structure of capitalization and composition of the structure

of shareholders of PT Wika Insan Pertiwi :

Jumlah Ekuitas 25,605,477 43,693,755

PT Wika Insan Pertiwi merupakan perseroan swastanasional yang mengkhususkan di bidang konstruksimekanikal dan elektrikal, dengan berbagai pengalamandi proyek-proyek Pembangkit Tenaga Diesel,Pembangkit Listrik Panas Bumi dan lainnya.

PT Wika Insan Pertiwi shall constitute national private

company engaging in special manner in mechanical electrical

construction with various experiences in projects of Diesel

Powered Electrical Generator, Geothermal Powered Electrical

Generator and others.

Pada November 2008 PT Wijaya Karya (Persero) Tbktelah mengambil alih 70.08% saham PT Catur InsanPertiwi dan menjadi PT Wijaya Karya Insan Pertiwi.

As of November 2008, PT Wijaya Karya (Persero),Tbk. have

taken over 70,08% shares of PT Catur Insan Pertiwi and finally

become PT Wijaya Karya Insan Pertiwi.

1. 1.

12









Description

Total Assets

Total Liabilities

Equity

PT Wijaya Karya Bangunan Gedung ("WIKA GEDUNG") PT Wijaya Karya Bangunan Gedung ("WIKA GEDUNG")

Modal Dasar/Authorized Capital 625 625,000,000 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

Pemegang Saham/Shareholders Nilai Nominal/Par Value of Rp.1.000.000,- per shareSaham/Share Rupiah penuh/Full amount %

Jumlah/Total 625 625,000,000 100%

Saham dalam Portepel/Portfolio Stock -

- Suprapto 32 32,000,000 5.12%

- Ir. Hastjaryo 62 62,000,000 9.92%

- PT Wijaya Karya (Persero) Tbk 438 438,000,000 70.08%

- Widjanarko Tantono 93 93,000,000 14.88%

PT Wijaya Karya Bangunan Gedung didirikan sesuaiAkta No.43 tanggal 24 Oktober 2008 dibuat di hadapanImas Fatimah, SH. Notaris di Jakarta. Anggaran Dasartelah mendapat pengesahan dari Menteri Hukum danHak Asasi Manusia Republik Indonesia sesuai surat No. AHU.92223.AH.01.01.TH 2008 tanggal 1 Desember2008.

PT Wijaya Karya Bangunan Gedung was officially established

pursuant to Deed No.43 dated October 24, 2008 drawn up and

passed before Imas Fatimah, SH. Notary Public practicing in

Jakarta, whose Articles of association of the Company has

obtained legalization from Minister of Law and Human Rights of

the Republic of Indonesia under the letter No.

AHU.92223.AH.01.01. TH 2008 dated December 1, 2008.

Maksud dan tujuan dari Perseroan adalah Industrikonstruksi dan tehnik, jasa pemborongan dengan polapembayaran termin maupun turnkey/Bangun Operasi

Serah, pengelolaan dan penyewaan gedung/kawasanniaga terpadu, perdagangan dan pemeliharaanperalatan serta material konstruksi, layananpeningkatan kemampuan di bidang jasa konstruksi dantehnik pada khususnya sesuai dengan prinsip-prinsipperseroan terbatas.

The purpose and objective of the company shalll be

construction and engineering industry, contracting services

under the pattern of termyn and turnkey progress/Build Operate

Transfer (BOT), building/ integrated commercial area

management and rental, equipment construction material

trading and maintenance and capability improvement services

in construction and engineering services especially in

accordance with the principles of limited company.

Struktur permodalan dan komposisi susunan pemegangsaham PT. Wijaya Karya Bangunan Gedung adalahsebagai berikut :


of shareholders of PT. Wijaya Karya Bangunan Gedung :

Jumlah Kewajiban 32,120,616 17,374,375 Jumlah Ekuitas 16,708,043 17,228,637

Uraian 2009 2008Jumlah Aset 48,828,659 34,603,012

- Koperasi Karyawan PT Wijaya Karya (Kokar Wika) 500 500,000,000 1%

Jumlah/Total 50,000 50,000,000,000 100%

Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :- PT Wijaya Karya (Persero) Tbk 49,500 49,500,000,000 99%

Pemegang Saham/ShareholdersNilai Nominal/Par Value of Rp.1.000.000,- per share

Saham/Shares Rupiah penuh/Full amount %

Modal Dasar/Authorized Capital 200,000 200,000,000,000

Saham dalam Portepel/Portfolio Stock 150,000 150,000,000,000

1. 1.

13









Description

Total Assets

Total Liabilities

Equity

PT Wijaya Karya Jabar Power ("WIKA JABAR POWER") PT Wijaya Karya Jabar Power ("WIKA JABAR POWER")


Description

Total Assets

Total Liabilities

Equity

Jumlah Ekuitas 57,027,536 50,093,001

PT. Wijaya Karya Jabar Power didirikan sesuai AktaNo.2 tanggal 16 Juli 2009 dibuat di hadapan A.BudyPrihastyanti Suryaningsih, SH., di Bandung yang telahmendapatkan pengesahan dari Menteri KehakimanRepublik Indonesia berdasarkan Surat Keputusan No.C-388.HT.03.01.TH 2000.

PT. Wijaya Karya Jabar Power was officially established

pursuant to Deed No.2 dated July 16, 2009 of A.Budy

Prihastyanti Suryaningsih, SH. Notary practicing in Bandung,

whose Articles of association of the Company has obtained

legalization from Minister of Law and Human Rights of the

Republic of Indonesia under the letter No.C-388.HT.03.01.TH

2000.

Maksud dan tujuan dari Perseroan adalahmenyelenggarakan usaha pengembangan Panas Bumisisi hulu (up stream) dan pengembangan PembangkitListrik Tenaga Panas Bumi (PLTP) di sisi hilir (down

stream) dan menyelenggarakan usahaketenagalistrikan sampai dengan Pembangkit ListrikTenaga Panas Bumi dengan memanfaatkan sumberpanas bumi yang berada di daerah Gunung TampomasKabupaten Sumedang dan Subang Propinsi JawaBarat.

The purpose and objectives of the Company is to conduct

efforting up stream geothermal development and the down

stream development of Power Geothermal (PLTP) and held

until the electricity business by Power Plant by utilizing

geothermal heat source earth where is located in the area of

Mount Tampomas Sumedang and Subang Province of West

Java.

Jumlah Aset 133,240,523 50,093,001 Jumlah Kewajiban 76,212,986 -

Uraian 2009 2008

- PT Wijaya Karya (Persero) Tbk 495,000 4,950,000,000 55%

- PT Jasa Sarana 360,000 3,600,000,000 40%

Modal Dasar/Authorized Capital 3,600,000 36,000,000,000 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

Struktur permodalan dan komposisi susunan pemegangsaham PT. Wijaya Karya Jabar Power adalah sebagaiberikut :


of shareholders of PT. Wijaya Karya Jabar Power as follows :

Pemegang Saham/Shareholders Nilai Nominal/Par Value of Rp.10.000,- per shareSaham/Shares Rupiah penuh/Full amount %

Jumlah Aset 8,913,749 - Jumlah Kewajiban 27,084 -

Saham dalam Portepel/Portfolio Stock 2,700,000 27,000,000,000

Uraian 2009 2008

- Resources Java Tehnik.MI 45,000 450,000,000 5%

Jumlah/Total 900,000 9,000,000,000 100%

8,886,665 -

1. 1.

Jumlah Ekuitas

14








Penawaran Umum Saham Perusahaan Public Offering the Company Shares

Shares Allocation Program

Porsi saham ESA untuk manajemen (pengurus danpengawas) adalah sebesar 22,5% dengan pembagiansebesar 17,5% untuk manajemen perusahaan indukdan sebesar 5% untuk manajemen anak perusahaan.Adapun porsi saham ESA untuk pegawai sebesar77,5% dengan pembagian sebesar 62,5% untukpegawai perusahaan induk dan sebesar 15% untukpegawai anak perusahaan.

The ESA share portion to management (both management and

supervisor) shall be 22.5% under distribution of 17.5%, to

management of the parent company and 5% to subsidiary

company. ESA share portion to the employee shall be 77.5%

under the distribution of 62.5% to the employee parent

company and 15% to the employee of subsidiary company.

Pada tanggal 11 Oktober 2007, Perusahaanmemperoleh pernyataan efektif dari Ketua Bapepamdengan suratnya No.S-5275/BL/2007 untuk melakukanpenawaran perdana kepada masyarakat atas1.846.154.000 lembar saham seri B baru, dengan nilainominal Rp 100 per saham dan harga penawaran Rp420 per saham. Saham-saham tersebut dicatatkanpada Bursa Efek Jakarta pada tanggal 29 Oktober2007.

On October 11, 2007, the Company has obtained effective

statement from the Chairman of Capital Market Supervisory

Agency under the letter No.S-5275/BL/2007 to conduct initial

public offering for 1,846,154,000 shares of New Serie B, with

par value of Rp 100 per share and bid price of Rp 420 per

share. Such shares shall be listed in Jakarta Stock Exchange

on October 29, 2007.

Seluruh saham perusahaan sebanyak 5.846.367.500saham pada tahun 2009 dan 5.846.154.000 sahampada tahun 2008 telah dicatatkan pada Bursa EfekIndonesia

All share of the company of 5,846,367,500 shares in 2009 and

5,846,154,000 shares in 2008 have been listed in Indonesian

Stock Exchange.

e. e.

1. 1.

Program Penjatahan Saham (Employee Stock

Allocation/ESA)

Program ESA adalah penjualan saham Perseroankepada peserta program ESA, melalui penjatahan pastipada saat penawaran umum perdana sahamdilaksanakan. Jumlah saham dalam program ESAsebanyak-banyaknya 10% dari jumlah saham yangditawarkan dalam Penawaran Umum Perdana Saham,dengan harga diskon sebesar 20% (Dua puluh persen)dari harga Penawaran Umum, yang harus dibayarsecara penuh oleh peserta program ESA pada saatmelakukan Pemesanan Saham. Saham yang diperolehdari program ESA diberlakukan Lock Up Period selama8 bulan sejak pencatatan di BEJ. Adapun beban diskonharga sebesar 20% tersebut akan ditanggung olehPerseroan.

ESA Program shall be individual shares selling offered to the

participant of ESA program, through definite allocation at the

time of initial public offer implementation. The total amount of

shares in ESA program shall be at most of 10% of total shares

so offered in Initial Public Offer of Shares, with the discounted

price of 20% (Twenty percent) of Public Bid Price so fully

payable by participant of ESA program in the course of shares

order implementation. The acquired shares from ESA program

shall apply Lock Up Period within 8 months as of the date of list

in BEJ. The discounted price of 20% shall be duly borne by the

company.

Dari jumlah saham yang ditawarkan dalam penawaranumum kepada masyarakat tersebut sebesar 10% atausebanyak 184.615.400 lembar saham biasa seri Bdijatahkan secara khusus kepada manajemen dankaryawan perusahaan melalui program penjatahansaham untuk pegawai perusahaan.

From the total shares offered in public offering of 10% or

184,615,400 shares of general of serie B shall be allocated in

special manner to the management and employee of the

company through shares allocation program to the Employee

Stock Allocation/ESA.

Program ESA diimplementasikan sesuai dengan

Peraturan Bapepam No. IX.A.7.

ESA Program shall be implemented in accordance with

Regulation of Capital Market Supervisory Agency No.

IX.A.7.

15








See note in 31 & 33

Kebijakan Akuntansi Accounting Policy

Dasar Penyusunan Laporan Keuangan Konsolidasian

Laporan keuangan konsolidasian, kecuali laporanarus kas disusun berdasarkan konsep akrual. Dasarpengukuran yang digunakan dalam penyusunanlaporan keuangan adalah konsep harga perolehan,kecuali persediaan yang dinyatakan sebesar nilaiyang lebih rendah antara biaya perolehan dengannilai realisasi bersih.

The consolidated financial statements, except for the

statements of cash flows are prepared using the accrual basis

of accounting. The measurement basis used is historical cost,

except for inventory which is stated in the lower cost and net

realizable value.

Laporan arus kas konsolidasian disusunmenggunakan metode langsung dan arus kasdiklasifikasikan atas dasar aktivitas operasi, investasidan pendanaan.

Consolidated cash flows are prepared based on direct method

by classifying cash flow on the basis of operating, investing and

financing activities.

Mata uang yang digunakan dalam penyusunanlaporan keuangan konsolidasian adalah mata uangRupiah yang merupakan mata uang fungsionalperusahaan dan Anak perusahaan

The reporting currency used in the preparation of the

consolidated financial statements is Indonesia Rupiah which is

the functional currency of the company and Subsidiaries

Lihat catatan 31 & 33

2. 2.

a. Basis of consolidated financial statements presentation

Laporan keuangan konsolidasian disusun sesuaidengan prinsip akuntansi yang berlaku umum diIndonesia, yaitu Standar Akuntansi Keuangan danPeraturan Bapepam No.VIII.G.7 tanggal 13 Maret2000 mengenai Pedoman Penyajian LaporanKeuangan serta Surat Edaran Bapepam Nomor SE-02/PM/2002 tanggal 27 Desember 2002 tentangPedoman Penyajian Laporan Keuangan Emiten atauPerusahaan Publik untuk Industri Konstruksi.

The consolidated financial statements have been prepared in

accordance with accounting principles generally accepted in

Indonesia, namely Statement of Financial Accounting Standard

(PSAK), and Regulation of Capital Market Supervisory Board

No.VIII.G.7 dated March 13, 2000 regarding Guidelines for

Presentation of Financial Statement and Circular Letter of

Capital Market Supervisory Board Number SE-02/PM/2002

dated December 27, 2002 regarding Financial Statement

Presentation Guidelines for Construction Public Company.

Program ESOP/MSOP adalah pemberian Hak OpsiPembelian Saham kepada peserta ProgramESOP/MSOP untuk membeli saham baru yang akandikeluarkan dari portepel Perseroan sebanyak-banyaknya 5% dari modal ditempatkan dan disetordalam Perseroan yang berdasarkan PeraturanBapepam No.IX.D.4 merupakan maksimum sahamyang dapat diterbitkan oleh perusahaan publik dalamperiode 5 (lima) tahun tanpa memberikan hak lebihdahulu kepada pemegang saham lama (Hak MemesanEfek Terlebih Dahulu/HMETD).

ESOP/MSOP program is the grant for the Right of Share

Purchase Option to the Participant of ESOP/MSOP program to

purchase new shares so duly issued by portfolio of company of

5% of subscribed and paid up capital in the Company on the

basis of Regulation of Capital Market Supervisory Agency

No.IX.D.4 constituting maximum share that may be issued by

the public company within the period of 5 years without prior

right grant to the former shareholders (First Stock Subscription

Right/HMETD).

Opsi Pembelian Saham untuk Manajemen dan

Karyawan

Shares Purchase Option for Management and Employees

1. 1.

16







Kebijakan Akuntansi - Lanjutan Accounting Policy - Continued

Prinsip - prinsip Konsolidasi The principles of Consolidation

Transaksi dan Saldo dalam Mata Uang Asing

United States of America Dollar

European Euro

Japanese Yen

Singapore Dollar

Dinar

2. 2.

c. c. Transaction and Balance in Foreign Currency

Pembukuan perusahaan dan anak perusahaandilakukan dalam satuan Rupiah. Transaksi-transaksiselama tahun berjalan dalam mata uang asingdijabarkan ke mata uang Rupiah dengan kurs yangberlaku pada saat terjadinya transaksi. Pada tanggalneraca, aset dan kewajiban moneter dalam uangasing dijabarkan dalam mata uang Rupiah denganmenggunakan kurs tengah Bank Indonesia.Keuntungan atau kerugian kurs yang timbuldibebankan dalam laporan laba rugi konsolidasiandalam tahun yang bersangkutan. Pada tanggal 31Desember 2009 dan 2008, nilai tukar yang digunakanadalah sebagai berikut :

Financial recording of the company and subsidiary company

made in Rupiah currency. Transactions denominated in foreign

currencies are converted into rupiah at the exchange rate

prevailing at the date of transactions. At the balance sheet date,

monetary asset and liabilities in foreign currencies are

translated into Rupiah currency at the middle rate of Bank

Indonesia at the date. Exchange gains and losses arising are

recognized in the consolidated statement of income. As of

December 31, 2009 and 2008, the exchange rates were used

as follows :

2009 2008

Kebijakan akuntansi yang dipakai dalam penyajianlaporan keuangan konsolidasian telah diterapkansecara konsisten oleh Perusahaan Anak, kecualidinyatakan secara khusus.

Accounting policy so required in the presentation of

consolidated financial statement has been applied consistently

by the Subsidiaries, unless otherwise expressly stated in

special manner.

Hak minoritas atas laba (rugi) bersih dan ekuitasAnak perusahaan dinyatakan sebesar proporsipemegang saham minoritas atas laba (rugi) bersihdan ekuitas Anak perusahaan tersebut

The Net Minority interest on gain (loss) and equity of

subsidiaries are stated at the proportion of ownership of the

minority shareholders on gain (loss) and equity of the related

subsidiaries.

Penyertaan pada Perusahaan Anak seperti dijelaskanpada catatan 1d.

Participation in Subsidiary shall be notified in Notes 1d.

b. b.

Laporan keuangan konsolidasian meliputi laporankeuangan Perseroan dan Perusahaan Anak dengankepemilikan lebih dari 50%, baik langsung maupuntidak langsung, kecuali anak perusahaan yangpengendaliannya bersifat sementara atau terdapatpembatasan jangka panjang yang mempengaruhikemampuan Anak perusahaan untuk mengalihkandananya kepada Perusahaan.

Consolidated financial statement shall include the financial

statement of the Company and Subsidiaries which are owned

more than 50% either directly or indirectly, except for the

subsidiary which is intended to be temporarily controlled or

operated under long-term restrictions; which significantly effects

the ability to transfer funds to the Company.

Pengaruh dari seluruh transaksi dan saldo antaraPerusahaan Anak di dalam Perusahaan Induk telahdieliminasi dalam penyajian laporan keuangankonsolidasian.

The consequence of all transaction and balance made among

the Subsidiaries within the Parent Company have been

eliminated in the presentation of consolidated financial

statement.

Dolar Amerika Serikat 9,400 10,950

Dolar Singapura 6,698.51 7,608 Dinar 133.61 156.24

Euro Eropa 13,509.68 15,432 Yen Jepang 101.68 121,22

17








Related Parties

1) 1)

2) 2) Associated company;

3) 3)

4) 4)

5) 5)

Perusahaan asosiasi.

Perorangan yang memiliki, baik secara langsungmaupun tidak langsung, suatu kepentingan haksuara di perusahaan pelapor yang berpengaruhsecara signifikan, dan anggota keluarga dekatdari perorangan tersebut (yang dimaksuddengan anggota keluarga dekat adalah merekayang dapat diharapkan mempengaruhi ataudipengaruhi perorangan tersebut dalamtransaksinya dengan perusahaan pelapor).

Individuals who having both directly or indirectly voting right

interest in the reporting company influencing significantly and

members of close family from the mentioned individual

person (the term of member of close family shall be those

who could be expected to have influence or been influenced

by individual person in term of transactions made with the

reporting company).

Karyawan kunci, yaitu orang-orang yangmempunyai wewenang dan tanggung jawabuntuk merencanakan, memimpin danmengendalikan kegiatan perusahaan pelaporyang meliputi anggota dewan komisaris, direksidan manajer dari perusahaan dan anggotakeluarga dekat orang - tersebut, dan

Key employee is the person having authority and

responsibility to plan, lead and control the activities of

reporting company including member of board of

commissioners, board of directors and manager of the

company and member of family who close with the

mentioned persons, and

Perusahaan dimana suatu kepentingansubstansial dalam hak suara dimiliki baik secaralangsung maupun tidak langsung, oleh setiaporang yang diuraikan dalam angka 3) atau 4),atau setiap orang tersebut mempunyai pengaruhsignifikan atas perusahaan tersebut. Inimencakup perusahaan-perusahaan yang dimilikidewan komisaris, direksi atau pemegang sahamutama dari perusahaan pelapor dan perusahaan-perusahaan yang mempunyai anggotamanajemen kunci yang sama denganperusahaan pelapor.

The company in which substantial interest in voting right

held both in direct or indirect manner, by each person so

notified in point 3) or 4), or such each person holding

significant influence to the aforementioned company. It

includes companies having member of board of

commissioner, board of director , or main shareholders of the

reporting company and the companies holding key

management member so similar with the reporting Company.

Perusahaan melakukan transaksi dengan pihak-pihakyang mempunyai hubungan istimewa. Sesuai denganPernyataan Standar Akuntansi Keuangan (PSAK) No.7, "Pengungkapan atas pihak-pihak yang mempunyaihubungan istimewa". diartikan sebagai berikut :

The company has transactions with other parties establishing

special relationship. In accordance with Statement of Financial

Accounting Standard No.7 "Disclosure in respect of Parties

establishing special relationship" stated as follows:

Yang dimaksud pihak-pihak yang mempunyaihubungan istimewa adalah :

The term of parties establishing special relationship shall have

the following meaning :

Perusahaan yang melalui satu atau lebihperantara, mengendalikan, atau dikendalikanoleh,atau berada di bawah pengendalianbersama dengan perusahaan pelapor (termasukperusahaan holding, anak perusahaan dansesama anak perusahaan).

The Company through one or more agencies shall control or

shall be controlled by, or under the mutual control with the

reporting company (including holding companies,

subsidiaries and fellow subsidiaries)

d. d.

2. 2.

Pihak-pihak yang mempunyai hubungan istimewa

18








1) 1)

2) 2)

3) 3)

4) 4)

Cash and Cash Equivalent

Allowance for Doubtful Accounts

e. Kas dan Setara Kas e.

Kas dan setara kas mencakup kas, bank daninvestasi jangka pendek yang jatuh tempo dalamwaktu tiga bulan atau kurang. Kas dan setara kasyang telah ditentukan penggunaannya atau tidakdapat digunakan secara bebas tidak tergolong dalamkas dan setara kas.

Cash and cash equivalent include short term cash, bank and

investment due within the period of three months or less. Cash

and cash equivalent so determined the use or limited to be

used may not be classified as cash and cash equivalent.

f. Penyisihan Piutang Ragu-Ragu f.

Perseroan mengadakan perjanjian dalamrangka usaha perseroan dengan BUMN-BUMN lain maupun anak perusahaan sertalembaga-lembaga pemerintah yangberwenang.

The company enters into agreement for the purpose of

business made by the company and other State Owned

Enterprises and subsidiaries and competent authorized

governmental.

Mempunyai anggota pengurus yang samadengan anak perusahaan yaitu direksiperseroan menjadi anggota dewan komisarisanak perusahaan.

Company's member of management so similar with the

subsidiary i.e. Board of director of the company to be the

member of Board of Commissioner of the subsidiary

company.

Semua transaksi dengan pihak-pihak yangmempunyai hubungan istimewa, baik yang dilakukandengan atau tidak dengan tingkat bunga atau harga,persyaratan dan kondisi sebagaimana dilakukandengan pihak ketiga, diungkapkan dalam laporankeuangan konsolidasian.

All transactions made by the parties establishing special

relationship, either conducted by or not conducted under

interest rate or price, similar requirements and conditions as

conducted by the third party shall be disclosed in consolidated

financial statement.

Sifat hubungan istimewa yang terjadi padaperusahaan adalah sebagai berikut :

The characteristic of related parties established by the

company shall be as follows:

Pemerintah Republik Indonesia yang diwakilioleh menteri negara BUMN merupakanpemegang saham mayoritas perseroan. Olehkarena itu perseroan dan BUMN lain memilikihubungan affiliasi melalui penyertaan modalpemerintah Republik Indonesia.

Government of the Republic of Indonesia represented by

State Minister for State Owned Enterprise shall constitute

majority shareholders of the company. Therefore, the

Company and other State Owned Enterprises shall establish

affiliation through the capital participation of the Government

of Republic of Indonesia.

Perseroan memiliki dana dan memilikipinjaman dana pada bank-bank pemerintahatau bank-bank yang dimiliki oleh BUMNdengan persyaratan dan tingkat bunga normalsebagaimana berlaku pada pihak ketiga.

The company deposits its fund and has funding loan in

governmental banks or any banks held by the State Owned

Enterprise under the terms of conditions and normal interest

rate as applicable to the third party.

Perusahaan menerapkan akuntansi BUMNKonstruksi yang ditindaklanjuti dengan SK DireksiNo.IN.03.00/A.DIR.0003/2005 tentang pembentukanpenyisihan piutang ragu-ragu dengan kriteria sebagaiberikut :

The company has applied Construction Stated Owned

Enterprise accounting as further implemented by Letter of

Decision of Board of Director No. IN.03.00/A.DIR.0003/2005

regarding formation of provision for doubtful account under the

following criteria :

2. 2.

19








Retention Receivable

Due from Customer

Persediaan Inventory

>24 - 27 bulan/months 40% >27 - 30 bulan/months 60% >30 - 33 bulan/months 80%

>15 - 18 bulan/months 10% >18 - 21 bulan/months 20% >21 - 24 bulan/months 30%

Umur piutang/Aging Accounts Prosentase/Percentage

>12 - 15 bulan/months 5%

Inventory of finished goods, raw material, accessories and work

in progress on the basis of the lowest value between acquisition

cost and net realization value. The acquisition cost is

determined using weighted average method. Merchandise

inventory failed to be sold due to the type, shape or model that

are not in accordance with the market demand shall be

removed to other assets. Such unsold inventory is set aside of

20% of final balance value of related inventory.

h. Tagihan Bruto Pemberi Kerja atas Kontrak h.

Tagihan bruto pemberi kerja merupakan piutangperusahaan yang berasal dari pekerjaan kontrakkonstruksi yang dilakukan namun pekerjaan yangdilakukan masih dalam pelaksanaan. Tagihan brutodisajikan sebesar selisih antara biaya yang terjadiditambah dengan laba yang diakui dikurangi dengankerugian yang diakui dan termin.

Due from customer constitutes the company receivable

sourcing from construction employment contract so duly

conducted, but the activities as carried out shall be in the

course of implementation. Due from customer shall be served

amounting to the difference between the accrued cost so added

by admitted profit and decreased by admitted loss and

installment.

Tagihan bruto diakui sebagai pendapatan sesuaidengan metode persentase penyelesaian yangdinyatakan dalam berita acara penyelesaianpekerjaan yang belum diterbitkan faktur karenaperbedaan antara tanggal berita acara progres fisikdengan pengajuan penagihan pada tanggal neraca.

Due from customer is recognized as income in accordance with

the method of percentage of completion declared in

Certification of completion of the works in which the invoice has

not been yet issued due to differences between the date

physical progress and submission of invoice on the date of

balance sheet.

>33 - 36 bulan/months 100%

g. Piutang Retensi g.

Piutang retensi merupakan piutang perusahaankepada pemberi kerja yang akan dilunasi setelahpenyelesaian kontrak atau pemenuhan kondisitertentu yang ditetapkan dalam kontrak. Piutangretensi dicatat pada saat pemotongan sejumlahpersentase tertentu dari setiap tagihan termin untukditahan pemberi kerja sampai suatu kondisi setelahpenyelesaian kontrak dipenuhi.

Retention receivable constitute the company receivable to the

employer that shall be fully paid upon the completion of contract

or complience with certain condition as stipulated in contract.

The retention receivable shall be recorded at the time of set off

by several definite percentage of each installment receivable to

be retained by the employer until certain condition upon the

completion of contract.

i. i.

Persediaan barang jadi, bahan baku, perlengkapandan barang dalam proses diakui berdasarkan nilaiterendah antara harga perolehan atau nilai realisasibersih. Harga perolehan ditentukan denganmenggunakan metode rata-rata tertimbang.Persediaan barang dagangan yang tidak terjualkarena tipe, bentuk atau model tidak sesuai dengankebutuhan pasar, dipindahkan ke aset lain-lain.Persediaan yang tidak terjual disisihkan sebesar 20%dari nilai saldo akhir persediaan yang bersangkutan.

2. 2.

20








Persediaan Real Estat Real Estate Inventory

Biaya dibayar di muka Prepaid expenses

Investasi Investment

Investasi Jangka Pendek Short-term Investment

Persediaan real estat terdiri tanah dan bangunan,bangunan sedang dalam penyelesaian dan tanahsedang dikembangkan dinyatakan sebesar biayaperolehan atau nilai realisasi bersih, mana yang lebihrendah.

Real estate inventory consist of land and building. The building

in the process of completion and land is being developed,

declared as amount as acquisition cost or net realization value,

which one is lowest.

Business expenses, production cost, procurement cost,

distribution cost shall be borne in proportional manner under the

income so admitted per period.

Untuk biaya-biaya dibayar di muka sewa danasuransi diamortisasi selama masa manfaat masing-masing biaya dengan menggunakan metode garislurus.

Prepaid expenses in terms of rental and insurance fee shall be

amortized during the benefit period of each cost pursuant to pro

rate method.

k. k.

Biaya pinjaman yang berhubungan dengan kegiatanpengembangan proyek dikapitalisasi ke proyek yangsedang dikembangkan.

Loan cost in connection with the project developing activities is

capitalized to the project that is being developed.

j. j.

Biaya dibayar di muka terdiri dari biaya usaha, biayaproduksi, biaya pengadaan, biaya pengelolaan, biayadistribusi, biaya sewa dan asuransi.

Prepaid expenses consist of business expenses, production

cost, procurement cost, management cost, distribution cost,

rental and insurance fee.

Biaya perolehan tanah sedang dikembangkanmeliputi biaya perolehan tanah yang belumdikembangkan ditambah dengan biayapengembangan langsung dan tidak langsung padaaset pengembangan real estat ditambah denganbiaya pinjaman.

Land acquisition cost is being developed including Land for

Development acquisition cost as added by direct and indirect

developed cost on real estate developed asset and added by

loan cost.

Biaya perolehan tanah yang belum dikembangkanmeliputi biaya pra perolehan dan perolehan tanah dandipindahkan ke tanah yang sedang dikembangkanpada saat pematangan tanah akan dimulai ataudipindahkan ke tanah matang pada saat tanahtersebut siap dibangun.

Land acquisition cost not yet developed shall include pre-land

acquisition cost and land acquisition and removed to the land

that is being developed at the time of improvement on land is

begun or removed to the improved land at the time the land is

ready to be built

Biaya perolehan bangunan sedang dalampenyelesaian meliputi biaya perolehan tanah yangtelah selesai dikembangkan ditambah dengan biaya-biaya pembangunan dan biaya pinjaman sertadipindahkan ke aset tanah dan bangunan pada saatdibangun dan siap dijual.

Building acquisition cost that is being completed shall include

land acquisition cost that has been completed to be developed

and added by developed cost and loan cost and removed to the

land and building assets during the development and it is ready

to be sold.

Deposito berjangka yang jatuh tempo kurang dari tigabulan namun dijaminkan dan deposito berjangka yangjatuh tempo lebih dari tiga bulan disajikan sebagaiinvestasi jangka pendek dan dinyatakan sebesarperolehan.

Time deposit due less than three months but pledged and time

deposit due more than three months shall be served as short

term investment and mentioned amounting to acqusition value.

Untuk biaya usaha, biaya produksi, biaya pengadaan,biaya distribusi akan dibebankan secara proporsionaldengan pendapatan yang diakui pada setiap periode.

2. 2.

21








Investasi Pada Perusahaan Asosiasi Investment to Association Company

Tanah Belum Dikembangkan Land for Development

Aset Tetap Fixed assets

1). Kepemilikan Langsung 1). Direct Acquisition

Prasarana Infrastructure

Office building, employee housing, guest house and

permanent villa

Bangunan semi permanen dan pabrik Semi permanent building and plant

Perlengkapan kantor Office equipment

Kendaraan bermotor Motor Vehicles

Peralatan proyek - Mesin dan peralatan prefab Project equipment- Machines and prefab housing

Project equipment is depreciated under sum of the years digit

method so duly adjusted, while other fixed asset shall be made

under straight line method.

Estimasi umur ekonomis aset tetap sesuai SuratKeputusan Direksi No.01.09./A.DIR 0702/95 tanggal22 Desember 1995, adalah sebagai berikut :

Estimated useful life of fixed asset based on Letter of Decision

of Board of Director No.01.09/A.DIR 0702/95 dated December

22, 1995 set forth as follows :

Tahun /Years

Tanah yang belum dikembangkan adalah tanah yangsudah dimiliki tetapi belum mulai dikembangkandinyatakan berdasarkan nilai terendah antara biayaperolehan dan nilai realisasi bersih (the lower of cost

or net realizable value) dan akan dipindahkansebagai akun persediaan pada saat mulaidikembangkan dan dibangunnya prasarana.

Land for Development is the land that has been owned, but has

not yet developed. It shall be considered on the basis of the

lowest value between acquisition value and net realization value

and removed as inventory account at the time the infrastructure

began to be developed and built.

m. m.

Aset tetap dinyatakan berdasarkan biaya perolehansetelah dikurangi akumulasi penyusutan, kecualiuntuk aset tetap tertentu yang digunakan dandiperoleh sebelum tahun 1987, dinilai kembaliberdasarkan peraturan pemerintah No.45 tanggal 2Oktober 1986 dengan kredit ke akun "selisih penilaiankembali aset tetap" dalam bagian ekuitas di neraca.

Fixed Assets shall be stated on the basis of acquisition cost

after deduction of accumulated depreciation, except in certain

fixed asset so required and acquired prior to 1987, revalued

under Government Regulation No.45 dated October 2 1986 so

credited to the account "Difference of reassesment on fixed

asset" in part of equity in balance sheet.

Penyertaan jangka panjang pada perusahaanasosiasi dengan kepemilikan kurang dari 20%dinyatakan sebagai biaya perolehan (metode biaya).Penyertaan dengan kepemilikan antara 20%-50%dicatat dengan metode ekuitas. Berdasarkan metodeini,investasi saham pada perusahaan asosiasidisesuaikan dengan jumlah bersih kenaikan ataupenurunan laba atau rugi bersih perusahaan asosiasidan dividen yang diterima sejak tanggal akuisisi.

Long-term Investment in shares of stock in associated

company with less than 20% ownership is stated at cost (cost

method). The investment with the ownership of at least of 20%

but not exceeding 50% are recorded by equity method in which

investment in shares are recorded at cost adjusted by net

amount of increase or decrease of equity in the net earnings or

losses of the associated company and dividends received since

the date of acquisition.

l. l.

Peralatan proyek disusutkan berdasarkan metodejumlah angka tahun yang disesuaikan, sedangkanaset tetap yang lainnya berdasarkan metode garislurus.

Bangunan kantor, mess/guest house, rumahtinggal/ villa permanen. 20

1044

2. 2.

22








housing equipment

Peralatan produksi/pabrik - Mesin dan peralatan Project equipment- Machines and pilling plant

pabrik tiang beton equipment

Mesin dan peralatan pabrik Machines and plant equipment

2). 2). Leases

a) a)

b) b)

c)

d) d)Pada awal sewa, nilai kini dari jumlahpembayaran sewa secara substansial mendekatinilai wajar aset sewaan; dan

At the initial lease period, present value of total of minimum

lease payment in substantial manner shall approach fair

value of lease asset, and

Sewa mengalihkan kepemilikan aset kepadalesse pada masa sewa.

Lease shall transfer the ownership of asset to the lessee at

the termination of lease period.

Lesse mempunyai opsi untuk membeli aset padaharga yang cukup rendah dibandingkan nilaiwajar pada tanggal opsi mulai dapatdilaksanakan, sehingga pada awal sewa dapatdipastikan bahwa opsi memang akandilaksanakan.

Lease shall have option to purchase the asset on sufficient

low price rather than fair value as of the date of the

commencement of the implementation of the option.

Therefore, in the initial lease, it may ensure that the option

shall be implemented.

Masa sewa adalah untuk sebagian besar umurekonomis aset meskipun hak milik tidakdialihkan.

c) Lease period shall be intended to most economic aging of

assets, though, abandonment is not transferred.

Aset dalam penyelesaian dinyatakan sebesar biayaperolehan dan dipindahkan ke aset tetap pada saatselesai dan siap digunakan.

Construction in progress stated at cost and removed into fixed

asset at the time of the completion and ready to be used.

4 - 84 - 8

Biaya pemeliharaan dan perbaikan dibebankan padalaporan laba rugi konsolidasi pada saat terjadinya.Pemugaran dan peningkatan daya guna dalam jumlahbesar dikapitalisasi. Aset tetap yang sudah tidakdigunakan lagi atau yang dijual, biaya perolehan sertaakumulasi penyusutan dan amortisasinya dikeluarkandari kelompok aset tetap yang bersangkutan dan labaatau rugi yang terjadi dilaporkan dalam laporan labarugi tahun yang bersangkutan.

Maintenance and repairs cost are charged as an expense as

incurred in consolidated financial statement. Renewals and

improvements which extend the useful lives of the fixed assets

are capitalized. When assets are retired or otherwise disposed

of, their acquisition cost and the related accumulated

depreciation are eliminated from the financial statements, and

the resulting gains and losses are recognized in the statements

of income.

Sewa

Suatu sewa diklasifikasikan sebagai sewapembiayaan jika sewa tersebut mengalihkan secarasubstansial seluruh risiko dan manfaat yang terkaitdengan kepemilikan aset. Suatu sewa diklasifikasikansebagai sewa operasi jika sewa tidak mengalihkansecara substansial seluruh risiko dan manfaat yangterkait dengan kepemilikan aset.

Lease is classified as financing lease, if such lease transfers

substantially all risks and benefits related to the ownership of

the assets. Lease is classified as operating lease, if such lease

does not transfers substantially all risks and benefits related to

the ownership of the assets.

Klasifikasi sewa sebagai sewa pembiayaan atausewa operasi didasarkan pada substansi transaksidan bukan pada bentuk kontraknya. Contoh darisituasi yang secara individual atau gabungan dalamkondisi normal mengarah pada sewa yangdiklasifikasikan sebagai sewa pembiayaan adalah :

Lease classification as financing lease or operating lease shall

be made under the substance of transaction and instead of the

form of contract. The example of either individual or collective

situation in normal condition refering to the lease which is

classified as financing lease shall be as follows :

4 - 8

2. 2.

23








e) e)

a) a)

b) b)

c) c)

Proyek Kerja Sama Joint Operation

Aktiva tetap yang tidak di gunakan dalam usaha Unused Assets

Pendapatan diakui pada saat laporanpertanggungjawaban proyek disetujui dan dicatatsebesar porsinya.

Income is recognized upon the approval and record of project

liable statement under the quantity of the portion.

Jika lesse dapat membatalkan sewa, maka rugilessor yang terkait dengan pembatalanditanggung oleh lesse.

If the lessee cancel to lease, then the loss suffered by lessor

related to such cancellation shall be duly borne by lessee.

Laba atau rugi dari fluktuasi nilai wajar residudisebabkan kepada lesse sebagai contoh, dalambentuk potongan harga rental dan setara dengansebagian besar hasil penjualan residu padaakhir sewa );dan

Pofit or loss of scrap fair value fluctuation shall be borne to

the lessee, for an example, in form of lease discount and

equal to the most of scrap selling proceeds at the termination

of lease period; and

Lesse memiliki kemampuan untuk melanjutkansewa untuk periode kedua dengan nilai rentalyang secara substansial lebih rendah dengannilai pasar rental.

Lessee shall be capable to continue the lease to the second

period with lease value in substantial manner that is more

than lease market value.

Aset sewaan bersifat khusus dan dimana hanyalesse yang dapat menggunakannya tanpa perlumodifikasi secara material.

Lease asset shall have special characteristic and in which

only lessee who may use it without requiring modification

materially.

Indikator dari situasi yang secara individual ataupungabungan dapat juga menunjukkan bahwa sewadiklasifikasikan sebagai sewa pembiayaan :

Indication from the individual or collective situation may show

that the lease is classified as financing lease so set forth as

follows :

Perusahaan melakukan perjanjian kerjasama denganberbagai pihak sebagaimana tersebut pada masing-masing perjanjian, berupa penyerahan dana kepadapengelola dengan kewajiban yang tertuang dalamperjanjian kerjasama menurut porsi yang ditetapkan.Pengelola proyek dibentuk dengan dengan anggotayang berasal dari masing-masing pihak yangmelakukan perjanjian. Pengelola proyek inimelaksanakan kegiatan pembangunan proyek yangberasal dari pemberi kerja (owner ) danbertanggungjawab sepenuhnya terhadap seluruhkegiatan tersebut termasuk laporanpertanggungjawaban keuangan dan proyek kepadamasing-masing pihak yang melakukan perjanjiankerja sama. Penyerahan dana kepada pengelolaproyek dicatat dan diberlakukan sebagai SetoranDana Kerja Sama Operasi.

The company has cooperation agreement with various parties

as contained in respective agreement, in form of fund

submission to the management under the obligation entered

into in the cooperation agreement pursuant to the determined

portion. Project management shall be formed by the member

from the respective parties conducting the joint operation

agreement. This project management shall implement project

developing activities recommended from the owner and shall be

held full liable to any and all activities including financial and

project liable statement to respective party carrying out the joint

operation agreement. Fund submission to the said project

management shall be recorded and applied as fund for paid up

operational joint operation.

o. o.

Aktiva tetap yang tidak digunakan dalam kegiatanusaha dinyatakan sebesar harga perolehan dan tidakdisusutkan, disajikan dalam kelompok aktiva lain-lain.

Fixed assets that are not required in terms of business activities

shall be declared amounting to the acquisition price and not

depreciated in other assets classification.

2. 2.

n. n.

24








Kewajiban bruto pemberi kerja Due to customers

Uang Muka dari Pelanggan Advance from Costumer

Hutang Obligasi dan Biaya Emisi Obligasi Bonds and Deferred Issuance Cost

Biaya Emisi Saham Share Issue Cost

Saham Beredar yang Diperoleh Kembali Treasury Stock

All expenses occurred in connection with the initial bid of the

Company shares to the public shall be recorded as set off

Additional Paid Up Capital constituting the component of equity

in consolidated balance sheet.

t. t.

r. r.

Hutang obligasi disajikan sebesar nilai nominalsetelah memperhitungkan amortisasi premium ataudiskonto.

Bond debt shall be served amounting to the nominal value after

calculating the amortization of premium or discount.

Biaya emisi obligasi merupakan biaya transaksi yangharus dikurangkan langsung dari hasil emisi dalamrangka menentukan emisi neto obligasi. Selisih antaraemisi neto dengan nilai nominal merupakan diskontoatau premium yang harus diamortisasi selama jangkawaktu obligasi dengan metode garis lurus.

Bonds issue expense shall constitute transaction cost shall be

deducted directly by the issue proceeds in order to determine

bonds net issue proceed. The diferrence between net issue and

nominal value shall constitute discount or premium so duly

amortized within the period of bonds under straight line method.

Kewajiban bruto pemberi kerja merupakan kewajibanperusahaan yang berasal dari pekerjaan kontrakkonstruksi yang dilakukan namun pekerjaan yangdilakukan masih dalam pelaksanaan. Kewajiban brutodisajikan sebesar selisih antara biaya yang terjadiditambah laba yang diakui dikurangi dengan kerugianyang diakui dan termin.

Due to customer shall constitute liability of the company

originating from the constructing contracted activities as carried

out and being in the implementation process. Due to customer

shall be served amounting to the difference between the

accrued cost so increased by the admitted profit, then deducted

by the admitted loss and installment.

q. q.

Uang muka dari pelanggan merupakan uang mukayang diterima dari pelanggan atau pemilik proyek.Jumlah tersebut secara proporsional akandikompensasikan dengan tagihan yang didasarkanatas kemajuan fisik yang telah dicapai.

Down payment made by the costumer shall constitute down

payment received from the said costumer or the owner of

project. Such amount in proportional manner shall be

compensated by the invoice on the basis of achieved physical

improvement.

p. p.

Saham beredar yang diperoleh kembali ditarik dariperedaran, dinyatakan sebesar nilai nominal (par

value method) dan disajikan sebagai pengurang"Modal Ditempatkan dan Disetor Penuh" pada neracakonsolidasian. Selisih harga perolehan kembalidengan nilai nominal saham disajikan sebagaipengurang akun "Tambahan Modal Disetor" (AgioSaham).

Share supply as reacquired and drawn from the circulation shall

be declared amounting to the par value and served as set off

"Full subscribed and paid up capital" in consolidated balance

sheet. The difference between re price acquisition and share

nominal value shall be served as set off for the account

"Additional Paid Up Capital" (Premium).

2. 2.

s. s.

Seluruh beban yang terjadi sehubungan denganpenawaran perdana saham Perusahaan kepadamasyarakat dicatat sebagai pengurang TambahanModal Disetor (Agio Saham) yang merupakankomponen ekuitas dalam neraca konsolidasian.

25








Dana Pensiun dan Imbalan Pasca Kerja Pension and Other Benefit Cost

Dana Pensiun Pension Fund

- - Realization PhDp above the average of its assumed

- Perubahan asumsi tingkat kenaikan PhDP - Change the rate of increase PhDP assumption

Imbalan Pasca Kerja Compensation of Post Employee Benefits

Above conditions have resulted in a surplus condition in the

previous year turned into a deficit of Rp 44 billion.

Perusahaan tetap mengikutsertakan seluruhkaryawan pada program jaminan hari tua melalui PTJamsostek.

The company continues to participate all employee in pension

Program through Manpower Social insurance to PT Jamsostek.

Perusahaan menghitung kewajiban imbalan pascakerja dengan metode projected unit credit , sesuaidengan PSAK 24 (Revisi 2004). Biaya jasa kini diakuisebagai beban pada tahun berjalan. Biaya jasa lalusebagai dampak perubahan asumsi aktuaria bagikaryawan aktif diakui dalam laporan laba rugi selamasisa masa kerja rata-rata karyawan tersebut. Imbalankerja atas pemutusan hubungan kerja diakui sebagaikewajiban dan beban pada saat terjadi.

The company calculates post employment compensation

liability under projected unit credit method in accordance with

PSAK 24 (Revision 2004). The current service cost shall be

admitted as the current year expenses. Cost carry forward as

impact of actuary assumption changes to active employee shall

be admitted in profit and loss statement within the remaining

average services period of the employees. Work compensation

in respect of termination of employment relationship shall be

admitted as liability and expenses at the time it occurs.

Iuran pegawai ditetapkan 5% dari pendapatan tetappegawai, sedangkan iuran beban perusahaansebesar 12,3% dari pendapatan tetap pegawai.

Employment premium shall determined of 5% of fixed income of

the employee, while the company expense premium shall be

12.3% of fixed income of the employee.

Sejak tahun 2006 Dana Pensiun telah berada padaposisi Full Funded , sehingga perusahaan hanyamemiliki kewajiban untuk pemenuhan iuran saja dantidak mempunyai kewajiban untuk pemenuhan danaPast Service Liabilities (PSL).

As of 2006, Pension Fund has been in Full Funded Position,

such that the company is only obliged to only fulfill the premium

and is not obliged to fulfill the fund to Past Service Liabilities

(PSL).

Namun sesuai Laporan Aktuaris PT. Dian ArthaTama atas Laporan Berkala Dana Pensiun PT WijayaKarya per 31 Desember 2009 atas analisa perubahansurplus (defisit), untuk tahun 2009 telah terjadikenaikan Kewajiban Aktuaria yang cukup besarterutama disebabkan oleh :

But according Actuaries report PT. Dian Artha Tama on

Pensions Newsletters PT Wijaya Karya as of December 31,

2009 on the analysis of changes in surplus (deficit), for the year

2009 has been an increase in Actuarial Liability significant

mainly due to:

u. u

Perusahaan menyelenggarakan program pensiunmanfaat pasti yang dikelola oleh Dana Pensiun WIKAuntuk pegawai organik yang masa penerimaansampai dengan tahun 2006, untuk pegawai denganmasa penerimaan 2007 dan seterusnya sertapegawai terampil diikutsertakan pada programpensiun iuran pasti yang pelaksanaannya dikelolaoleh Dana Pensiun Lembaga Keuangan (DPLK)Manulife.

The company shall provide definite benefit pension program

managed by WIKA Pension Fund to organic employee with the

recruitment period of 2007 and subsequently and non-organic

employee (skillful employee) shall be participated in definite

premium pension program in which the implementation shall be

managed by Manulife Financial Institution Pension Fund.

2. 2.

Realisasi PhDp rata-rata diatas dari yangdiasumsikan

Atas kondisi tersebut telah mengakibatkan kondisisurplus di tahun sebelumnya berubah menjadi defisitsebesar Rp 44 milyar.

26








Uang Muka Proyek Jangka Panjang Advance for Long-Term Projects

Pengakuan Pendapatan dan Beban Revenue and Expense Recognition

1). 1). Land and building sales under KPR facilities :

a a

)

b b

)

c c

Berdasarkan ketentuan tersebut, pendapatan daripenjualan rumah diakui bila seluruh syarat berikuttelah terpenuhi :

On the basis of foregoing conditions, income of housing selling

shall be recognized if the following conditions have been fulfilled

:

Penjualan tanah dan bangunan fasilitas KPR:Pengikatan jual beli telah berlaku Agreement of sale and purchase shall be effective

Harga jual akan tertagih di mana jumlahpembayaran yang diterima sekurang-kurangnya mencapai 20% dari harga jualyang telah disepakati.

Sale price shall be collected in which the amount of

received payment shall be at least 20% of sale price as

mutually agreed.

Pendapatan bidang usaha konstruksi diakuiberdasarkan metode persentase penyelesaiaan.Persentase penyelesaian konstruksi ditetapkanberdasarkan kemajuan fisik proyek yang dinyatakandalam bentuk Berita Acara Opname Proyek (BAOP)yang ditandatangani kedua belah pihak. Terhadappendapatan usaha konstruksi yang telah diterbitkanfakturnya diakui sebagai piutang usaha, sedangkanyang belum diterbitkan fakturnya diakui sebagaitagihan bruto pemberi kerja.

Income of construction business field is recognized on the basis

of percentage of completion method. The construction

percentage of completion shall be determined under projected

physical improvement declared in form Minutes of Project

Opname signed both parties. In terms of constructions income

which its invoice has been issued shall be recognized as trade

receivable, while the invoice not yet issued shall be recognized

as due from customer.

Pendapatan bidang manufaktur dan perdagangandiakui berdasarkan penyerahan barang kepadapembeli. Pendapatan penyewaan alat-alat beratdihitung berdasarkan masa penggunaannya.Terhadap pendapatan yang telah diterbitkan fakturnyadiakui sebagai piutang usaha, sedangkan yang belumditerbitkan fakturnya diperlakukan sebagaipendapatan yang akan diterima.

Income of manufacture and trading shall be recognized under

goods delivery to purchaser . Income of heavy tools rental

services is calculated under the period of use. In terms of

issued income, the invoice issued shall be recognized as trade

receivable, while the invoice non-issued shall be treaten as

invoice that shall be received.

Pendapatan bidang usaha perumahan diakui denganmetode akrual penuh (full accrual method ) yaitusetelah penandatanganan akte jual beli untukpenjualan tunai dan setelah akad kredit untukpenjualan melalui Kredit Pemilikan Rumah (KPR) dari bank.

Income of real estate business field shall be recognized under

full accrual methods i.e. upon the signing of deed of sale

purchase for cash selling and deed of credit for the selling

through Housing Ownership Credit (KPR) from the bank.

v. v.

Uang muka proyek jangka panjang merupakan uangmuka yang diterima dari pemberi kerja atau pemilikproyek atas pekerjaan konstruksi yang akandilakukan yang jangka waktu penyelesaian proyeklebih dari satu tahun. Jumlah tersebut secaraproporsional akan dikompensasikan dengan tagihanyang didasarkan atas kemajuan fisik yang telahdicapai.

Long-term projected down payment shall consitute down

payment as received from the employer or the owner of the

project in respect of constructing activities that shall be

conducted within the period of more than one year for the

completion of the project. Such amount in proportional manner

shall be duly compensated under the invoice on the basis of

achieved physical improvement.

w. w.

Tagihan penjual terhadap pembeli pada masayang akan datang bebas dari subordinasiterhadap hutang lain dari pembeli.

Invoice so submitted by the seller to the purchaser in the

subsequent periods shall be free from subordination to

other loans of the purchaser.

2. 2.

27








d d

2). 2).

3). 3).

a a

b b

c c

d d

4). 4).

a a

b b

c c

Harga jual akan tertagih di mana jumlahpembayaran yang diterima sekurang-kurangnya telah mencapai 20% dari harga jualyang telah disepakati.

Sale price shall be collected in which amount of received

payment shall reach at least 20% of the sale price as

mutually agreed.

Tagihan penjual terhadap pembeli pada masayang akan datang bebas dari subordinasiterhadap hutang lain dari pembeli.

Invoice as submitted by the seller to the purchaser in

subsequent periods shall be free from the subordination in

respect of other loans from the purchaser.

Penjual tidak mempunyai kewajiban yangsignifikan lagi untuk menyelesaikanpematangan lahan yang dijual, pembangunanfasilitas yang dijanjikan ataupun yang menjadikewajiban penjual sesuai pengikatan jual beli.

The Seller shall not be held significant liable to complete

sold improvement on land, facility development so

undertaken or as obligation of the seller in accordance

with the agreement of sale and purchase.

Pengakuan pendapat atas penjualan tanahbeserta bangunan tanpa fasilitas KPR bankdilakukan bila pembeli telah membayarminimum 50% dari harga jual dan nilai progrespembangunan telah mencapai minimal 80%.

Income recognition in respect of land and building sale

without bank KPR facility shall be conducted, if the

purchaser has made minimum payment of 50% of sale price

and development progress has minimum reached 80%.

Penjualan kavling tanah tanpa bangunan. Revenue from sale of land without building.

Pengikatan jual beli telah berlaku Agreement of sale and purchase shall be effective

Penjual telah mengalihkan kepada pembeliseluruh risiko dan manfaat kepemilikan yangumum yang terdapat pada suatu transaksipenjualan, dan penjual selanjutnya tidakmempunyai kewajiban atau terlibat lagi secarasignifikan dengan aset (property ) tersebut.Dalam hal ini setidak-tidaknya bangunantersebut telah diserahterimakan dan siapdihuni.

The seller have transferred to the purchaser all general

ownership risks and benefits contained in sale

transaction, and the seller hereinafter shall not be held

liable to or involve significantly with assets (property). In

the manner, such building at least shall have been

delivered and accepted and shall be ready to be lived.

Penjualan tanah dan bangunan tanpa fasilitas KPR Land and building sales without KPR facilities :

Jumlah pendapatan penjualan dan biaya unitbangunan dapat diestimasi dengan andal.

The total income of development unit sale and cost may

be estimated reliably.

Pengakuan pendapatan atas penjualanapartemen diakui dengan metode persentasepenyelesaian, apabila seluruh kriteria berikutterpenuhi.

Income recognition in respect apartement sale shall be

recognized under percentage of completion method, if all

this following criteria shall be fulfilled:

Proses konstruksi telah melampaui tahapawal, yaitu fondasi bangunan telah selesai dansemua persyaratan untuk memulaipembangunan telah terpenuhi;

Construction process shall pass initial phase, such as

building foundation shall have been completed and all

requirements to begin the development shall have been

fulfilled;

Jumlah pembayaran oleh pembeli telahmencapai 20% dari harga jual yang telahdisepakati dan jumlah tersebut tidak dapatdiminta kembali oleh pembeli.

The amount of payment by the purchaser shall reach 20%

of the sale price so duly agreed and such amount shall

not be returned to the said purchaser; and

2. 2.

28








Bunga Pinjaman Interest Loans

Beban ditangguhkan Deferred Expense

a a

b b

Goodwill Goodwill

Revaluasi Revaluation

x. x.

Bunga atas pinjaman yang digunakan untukmembangun/membuat aset tetap sampai konstruksiselesai, dibebankan sebagai unsur harga perolehan.Bunga atas pinjaman yang digunakan untukpembiayaan bidang realty dan konstruksi dibebankanke harga pokok. Bunga untuk pembiayaan bidangusaha industri dan perdagangan dibebankan sebagaibeban lain-lain.

Interest of loan required to build/make fixed asset until

construction finished shall be borne as an element of

acquisition cost.Interest of Loan so required to finance realty

and construction business field shall be borne in cost of goods

sold. Interest for the industrial and commercial business field

finance shall be subject to such other expenses.

y. y.

Apabila semua persyaratan tersebut di atas tidakterpenuhi, semua penerimaan uang yang berasal daripelanggan dicatat sebagai uang muka dari pelanggandengan menggunakan metode deposit, sampaisemua persyaratan terpenuhi.

If the aforementioned terms and conditions fail to be complied

with, then consequently all the money receipt from the customer

shall be recorded as down payment made by the said customer

pursuant to the deposit method until the compliance with the

terms and conditions.

Beban diakui sesuai dengan manfaatnya pada tahunyang bersangkutan (accrual method).

The expenses shall be recognized in accordance with the

benefits in the relevant year (accrual method).

Goodwill merupakan selisih lebih yang tidakteridentifikasi antara biaya perolehan dengan nilaiwajar aset bersih anak perusahaan pada saatakuisisi. Goodwill diamortisasi selama 5 tahun.

Goodwill shall constitute positive increment not identified

between acquisition cost and net asset fair value of subsidiaries

during the acquisiton. The goodwill shall be amortized within 5

years.

aa. aa.

Revaluasi aset tetap dilakukan berdasarkanKeputusan Menteri Keuangan No.384/KMK.04/1998tanggal 14 Agustus 1998. Selisih antara nilairevaluasi dan nilai buku (nilai tercatat) aset tetapdibukukan dalam perkiraan modal dengan namaSelisih Penilaian Aset Tetap.

Revaluation of fixed assets shall be conducted on the basis of

Decree of Minister of Finance No.384/KMK.04/1998 dated

August 14, 1998. The difference between revaluation value and

book value of fixed assets shall be booked in capital

assumption in the name of Difference of Fixed Assets

Assestment.

Biaya ditangguhkan disajikan di Neraca pada nilaibersihnya, yaitu harga perolehan dikurangi akumulasiamortisasi.

Deferred expense shall be served on Balance sheet in the net

value, i.e. acquisition price is deducted by amortization

accumulated.

Pembebanan pada periode berjalan dilakukan denganmetode garis lurus sesuai dengan taksiran masamanfaatnya paling lama 3 tahun. Pembebanandimulai saat manfaat dari pengeluaran tersebut mulaiterjadi.

The cost for the current year period shall be imposed under

straight line method in accordance with the assumption of

benefit period within no later than 3 years. Such charges shall

be commenced upon the benefit of accrued outcome.

z. z.

Yang dapat termasuk dalam beban ditangguhkandiantaranya :

Deferred expense shall include the following matters :

Pengeluaran untuk pendirian suatu segmendalam tahap pengembangan.

Outcome for the establishment on a segment in

developmental phase.Pengurusan legal hak atas tanah. Legal management for land right.

2. 2.

29








Pajak Penghasilan Income Tax

Beban pajak kini untuk anak perusahaan ditentukanberdasarkan penghasilan kena pajak dalam periodeyang bersangkutan yang dihitung berdasarkan tarifpajak yang berlaku. Aset dan kewajiban pajaktangguhan untuk anak perusahaan diakui ataskonsekuensi pajak pada tahun mendatang yangtimbul dari perbedaan jumlah tercatat aset dankewajiban menurut laporan keuangan dengan dasarpengenaan pajak aset dan kewajiban pada tanggalneraca. Kewajiban pajak tangguhan diakui untuksemua perbedaan temporer kena pajak dan asetpajak tangguhan diakui untuk perbedaan temporeryang boleh dikurangkan dan akumulasi rugi fiskal,sepanjang besar kemungkinan dapat dimanfaatkanuntuk mengurangi penghasilan kena pajak padamasa mendatang.

Current tax assesment for subsidiaries shall be determined

under income after tax within the related period calculated on

the basis of the prevailing tax rate. Deferred tax asset and

liability for subsidiaries shall be recognized for the consequence

of tax in the subsequent years accrued from the difference of

recorded amount on asset and liability pursuant to the financial

statement under asset and liability tax assesment on the date

of balance sheet. The deferred tax assesment shall be

recognized to all temporary difference of tax assesment and

deferred tax asset shall be recognized of temporary difference

that may be deducted an accumulation of fiscal loss, to the

extent that it may be possible that it may have benefit to deduct

income tax hereafter.

Pajak tangguhan untuk anak perusahaan dihitungdengan menggunakan tarif pajak yang berlaku atausecara substansial telah berlaku pada tanggal neraca.Pajak tangguhan dibebankan atau dikreditkan padalaporan laba rugi konsolidasi atau ke ekuitas apabilapajak tersebut berhubungan dengan transaksi yanglangsung dikreditkan atau dibebankan ke ekuitas.

Deferred tax for subsidiaries is calculated under the prevailing

tax rate or insubstantial manner shall have been applicable on

the date of the balance sheet. The deferred tax shall be borne

or credited in consolidated profit loss statement or equity if such

tax is in connection with the transaction so credited or borne to

the equity in direct manner.

Sehubungan dengan ditetapkannya PeraturanPemerintah RI No.40 Tahun 2009 yang diundangkanpada tanggal 4 Juni 2009 yang merupakanPerubahan (revisi) atas Peraturan Pemerintah RINo.51 Tahun 2008 yang telah diundangkan tanggal23 Juli 2008 tentang Pajak atas Penghasilan DariUsaha Jasa Konstruksi sebagai pengganti PeraturanPemerintah RI No.140 tahun 2000, PT Wijaya Karya(Persero) sebagai pelaksana konstruksi sesuai pasal10B PP No.40 tahun 2009 dikenakan tarif 3% finaluntuk kontrak yang diperoleh mulai 1 Agustus 2008.

Related to the stipulation of Government Regulation of the

Republic of Indonesia No.40 Year 2009 so enacted on June 4,

2009 as revised of No.51 Year 2008 so enacted July 23, 2008

regarding Income Tax of Construction Service Business as the

substitute of Government Regulation of the Republic of

Indonesia No. 140 Year 2000, PT Wijaya Karya (Persero) as

the construction management pursuant to Article 10B

Government Regulation No.40 Year 2009 shall be subject to

tariff 3% final to the contract so achieved as August 1, 2008.

Beban penyusutan aset tetap yang direvaluasi dicatatberdasarkan metode garis lurus dengan tarifpenyusutan yang dihitung menurut sisa umurekonomis aset tersebut.

Depreciation expense of fixed assets so revaluated shall be

recorded on the basis of straight line method with depreciated

rate calculated in accordance with the remaining asset

economic aging.

Pada saat pencatatan revaluasi, akumulasipenyusutan bangunan dieliminasi ke dalam jumlahbruto dari aset bangunan, sehingga harga perolehantercatat merupakan nilai wajar dari hasil revaluasiatas bangunan tersebut.

During the record of revaluation, accumulated depreciation for

the development shall be eliminated in gross amount of

development asset, such that the recorded acquisition price

shall be fair value of revaluation proceeds for such building.

ab. ab.

2. 2.

30








Laba Bersih Per Saham Net Earning Per Share

Segmen Usaha Business Segment

Perbedaan nilai tercatat aset atau kewajiban yangberhubungan dengan pajak penghasilan final dengandasar pengenaan pajaknya, tidak diakui sebagai asetatau kewajiban pajak tangguhan. Beban pajak kinisehubungan dengan penghasilan yang menjadisubjek pajak penghasilan final diakui proporsionaldengan jumlah pendapatan menurut akuntansi yangdiakui pada periode berjalan. Selisih antarapenghasilan pajak final yang telah dibayar denganjumlah yang dibebankan sebagai beban pajakpenghasilan pajak final pada perhitungan laba rugikonsolidasi diakui sebagai pajak dibayar di muka atauhutang pajak

The difference of asset or liability recorded value in connection

with final income tax and basis for tax assesment shall not be

recognized as deferred asset or liability. Current tax charges in

connection with the income as subject for final income tax shall

be recognized proportionally with the amount of income

pursuant to the accountant so recognized in the consequtive

periods. The difference between final income tax so fully paid

by the amount borne as final income tax in terms of calculation

on consolidated profit loss shall be recognized as witholding tax

or tax payable.

Sesuai dengan peraturan perundangan perpajakan,penghasilan yang telah dikenakan PPh final tidak lagidilaporkan sebagai penghasilan kena pajak, semuabeban sehubungan dengan penghasilan yang telahdikenakan PPh final tidak boleh dikurangkan. Di lainpihak, baik pendapatan maupun beban tersebutdipakai dalam perhitungan laba rugi menurutakuntansi. Oleh karena itu tidak terdapat perbedaantemporer sehingga tidak diakui adanya aset ataukewajiban pajak tangguhan, dan terhadap saldo asetpajak tangguhan tahun 2007 telah dibebankan padatahun berjalan.

In accordance with laws and regulations of taxation, income

after Final Income Tax shall not be reported as taxable income,

all charges in connection with the income income after Final

Tax Income shall not be deducted. In addition, both the income

and charges shall be required in profit loss calculation pursuant

to the accounting. Therefore, there is no temporary difference,

such that it shall not be recognized that there is no deferred tax

asset or liability , and in respect of the deferred tax asset

balance year 2007, it has been borne in the consequitive years.

Pada laporan keuangan per 31 Desember 2008,perusahaan belum menerapkan ketentuanperpajakan sebagaimana diatur dalam PP No.51Tahun 2008 secara keseluruhan, tetapi menghitungKewajiban perpajakan sesuai PP No.51 Tahun 2008hanya untuk kontrak yang diperoleh mulai 1 Agustus2008 (tidak memberlakukan sejak 1 Januari 2008),dengan pertimbangan Perusahaan secara bersama-sama dengan Kontraktor BUMN Karya lainnya danAsosiasi Kontraktor Indonesia telah mengajukan suratkeberatan terhadap pemberlakuan PP No.51 Tahun2008 yang dikeluarkan tanggal 20 Juli 2008 dandiundangkan pada tanggal 23 Juli 2008, yang berlakusurut sejak 1 Januari 2008.

In the financial statements as of December 31, 2008, the

company has not implemented the tax provisions as stipulated

in Government Regulation No.51 of 2008 as a whole, but

calculating tax obligations according to Regulation No.51 of

2008 only to contracts derived from August 1, 2008 (does not

apply since January 1, 2008), with consideration of the

Company jointly with any other contractor's work and the state-

owned Indonesian Contractor's Association has submitted a

letter of objection to the application of Regulation No.51 of 2008

which was issued on July 20, 2008 and promulgated on July 23,

2008, with retrospective effect from January 1, 2008.

Informasi pelaporan segmen usaha disajikan untukmenunjukkan hasil usaha grup yang berasal dari tiapsegmen berdasarkan bidang usaha.

Business segment reporting information served in order to

show group business proceeds originating from each segment

on the basis of the business field.

ac. ac.

Laba bersih per saham masing-masing dihitungdengan membagi laba bersih dengan jumlah rata-ratatertimbang saham yang beredar pada tahun yangbersangkutan.

Net earnings per share of each calculated by dividing net

income by the average number of shares that were outstanding

weigh the year concerned.

ad. ad.

2. 2.

31








Akun ini terdiri dari : This account consists of :

KasBank Bank

Pihak hubungan istimewa : Related parties :

Rupiah Rupiahs

PT Bank Mandiri (Persero),Tbk. PT Bank Mandiri (Persero),Tbk.

PT Bank BNI (Persero), Tbk. PT Bank BNI (Persero), Tbk.

PT Bank Jatim PT Bank Jatim

PT Bank BTN (Persero), Tbk. PT Bank BTN (Persero), Tbk.

PT Bank BPD Sumsel PT Bank BPD Sumsel

PT Bank BPD Jabar Banten PT Bank BPD Jabar Banten

PT Bank BPD Aceh PT Bank BPD Aceh

PT Bank BPD Kaltim PT Bank BPD Kaltim

PT Bank BPD Riau PT Bank BPD Riau

PT Bank BPD Syariah PT Bank BPD Syariah

PT Bank BRI (Persero), Tbk. PT Bank BRI (Persero), Tbk.

PT Bank Bukopin, Tbk PT Bank Bukopin, Tbk

PT Bank Syariah Mandiri PT Bank Syariah Mandiri

Dolar Amerika Serikat United States Dollar


PT Bank BNI (Persero), Tbk. PT Bank BNI (Persero), Tbk.


Euro Eropa European Euro


Yen Jepang Japanese Yen



Pihak ketiga : The third parties :

Rupiah Rupiahs

PT Bank Mega, Tbk. PT Bank Mega, Tbk.

PT Bank NISP, Tbk. PT Bank NISP, Tbk.

PT Bank Danamon, Tbk PT Bank Danamon, Tbk

PT Bank Permata, Tbk PT Bank Permata, Tbk

PT Bank Lippo PT Bank Lippo

PT Bank CIMB Niaga, Tbk PT Bank CIMB Niaga, Tbk

PT Bank Central Asia, Tbk PT Bank Central Asia, Tbk

Bank DBS . Bank DBS

HSBC Bank HSBC Bank

PT Bank Panin, Tbk PT Bank Panin, TbkBank Syariah MandiriPT Bank Bukopin, Tbk PT Bank Bukopin, Tbk

Deutch Bank Deutch Bank

Bank Standard chartered Bank Standard chartered

PT Bank Int'l Indonesia, Tbk PT Bank Int'l Indonesia, Tbk

Bank Mizuho Bank Mizuho

13,860,889 5,842,449 Cash

93,144,470 127,730,243

3. 3.

2009 2008

- 7,205,702 - 16,008,777

1,700 -

4,203 5,143 221,575 71,442

- 2,098,617

18,542,200 6,396,050 1,605 1,605

1,143,448 1,659,140

663,944 772,342

3,647,275 17,921 366,396 -

14,905,400 72,706,597 101,562 119,092

9,225,205 30,075,680

634,089 23,532,661 - 353,540

363,255 724,548

2,708,354 853,106 3,330,073 6,168,411

5,588 5,836

92,981 92,672 - -

84,455,458 1,019,928

7,470,910 1,092,387 28,913 3,276

11,041,297 66,812,807

30,207 32,404 14,309 97,161 50,012

683,531 683,921 348,641 -

465,458 304,450 - - Bank Syariah Mandiri

32







Kas dan Setara Kas - Lanjutan Cash and Cash Equivalent - Continued


PT Bank Mega, Tbk.Citibank Citibank

Bank DBS . Bank DBS

HSBC Bank HSBC Bank


Standart chatered BankPT Bank CIMB Niaga, Tbk PT Bank CIMB Niaga, Tbk

PT Bank Int'l Indonesia, Tbk PT Bank Int'l Indonesia, Tbk


Bank DBSHSBC BankBank Mizuho


Bank DBS Bank DBS

Dinar Dinar

Dolar Singapura

Deposito Berjangka Time Deposit

Pihak Hubungan Istimewa Related parties

Rupiah Rupiahs


PT Bank Mandiri Syariah. PT Bank Mandiri Syariah.

PT Bank BNI (persero), Tbk. PT Bank BNI (persero), Tbk.

PT Bank BRI (persero), Tbk PT Bank BRI (persero), Tbk

PT Bank BTN (persero), Tbk PT Bank BTN (persero), Tbk

PT Bank Jabar PT Bank Jabar

PT Bank BTPN, Tbk PT Bank BTPN, Tbk

PT Bank BRI (Persero) Syariah PT Bank BRI (Persero) Syariah



PT Bank BRI (Persero), Tbk PT Bank BRI (persero), Tbk

PT Bank Jawa Barat PT Bank Jawa Barat

Pihak ketiga : The Third Parties :

Rupiah Rupiahs

PT Bank Mega, Tbk. PT Bank Mega, Tbk.

PT Bank DBS PT Bank DBS


Bank Panin, Tbk Bank Panin, Tbk

PT Bank CIMB Niaga,Tbk PT Bank CIMB Niaga,TbkJumlah Total

- 815,002 Standart chatered Bank

- 258,792

3,484,811 12,170,137 - 631

1,116,494 299,690

15,397 11,190,230 PT Bank Mega, Tbk.

- 65,026

1,855,219 7,992,802

Banque exterieure d'Algerie 12,376,732 7,819,088 Banque exterieure d'Algerie

26,408,441 - Bank HSBC

509,826 - Bank Mizuho

3,064 4,901

10,090,336 18,962,648 Bank DBS

76,000,000 782,000 - 2,251,000

15,000,000 -

21,700,000 45,886,183 34,000,000 102,342,481 3,865,000 171,264,645

Singapore Dolar

PT Bank Int'l Indonesia, Tbk 5,396 14,994 PT Bank Int'l Indonesia, Tbk

402,637,000 207,477,000

1,210,888,160 1,051,432,167

Seluruh deposito berjangka waktu di bawah 3 bulan.Pada tanggal 31 Desember 2009 dan 2008 seluruhdeposito dalam mata uang Rupiah, dengan tingkat sukubunga antara 4,25% s.d. 9,60 % dan deposito mata uangasing, dengan tingkat suku bunga antara 4% s.d. 4,30 %tahun 2009 dan 8,75% s.d. 13,5% tahun 2008.

The maturity period of all time deposits are below 3 months.

During the year ended December 31, 2009 and 2008, all

deposit in Rupiah currency earned interest at annual rate of

4,25% - 9,60% and in foreign currency earned interest of 4% -

4,30% during the year ended December 31, 2009 and 8,75% -

13,5% during the year ended December 31, 2008.

- 30,466,126 - 25,447,778

40,914,130 1,540,949

53,043,000 -

35,000,000 27,027,926 - 4,864,230

20,000,000 -

17,934,000 - 167,376,365 -

Tidak terdapat kas dan setara kas yang dijadikanjaminan.

There are no cash and cash equivalent have been pledged as

collateral

3. 3.

33







PIUTANG USAHA TRADE RECEIVABLES


Rupiah Rupiahs

Dolar Amerika Serikat United States of America Dollar

Akumulasi penyisihan Allowance for doubtful accounts

Sub Jumlah Sub Total

Pihak ketiga : The third Parties :

Rupiah Rupiahs




DZD Dinar DZD Dinar



Jumlah Total


Wika Induk Parent company

Produk PT Wika Beton PT Wika Beton Product

Produk PT Wika Realty PT Wika Realty Product

Produk PT Wika Intrade PT Wika Intrade Product



Pihak ketiga : The third Parties :

Wika Induk Parent company

Produk PT Wika Beton PT Wika Beton Product

Produk PT Wika Realty PT Wika Realty Product

Produk PT Wika Intrade PT Wika Intrade Product

PT Wika Insan Pertiwi PT Wika Insan Pertiwi

PT Wika Gedung PT Wika Gedung



Jumlah Total

208,323,490 207,624,649

(4,629,634) (2,106,214)

203,693,856 205,518,435

2009 2008

159,765,098 168,380,132 48,558,392 39,244,517

4. 4.

Akun ini merupakan piutang usaha dari jasa-jasakonstruksi, penyerahan barang hasil industri danperdagangan, penyewaan alat-alat berat yang telahditerbitkan fakturnya dan piutang atas usaha realty,dengan rincian sebagai berikut :

This account consists of trade receivables from the

construction, delivery of industrial production and trading, heavy

tools rental services in which the invoice has been issued and

receivable for the realty business, as follows:

(91,803,929) (72,928,672)

668,376,900 833,583,556

872,070,756 1,039,101,991

- 19,699,111 9,209,398 -

760,180,829 906,512,228

680,392,621 876,653,589 70,578,810 8,835,739

- 1,323,789

208,323,490 207,624,649

(4,629,634) (2,106,214)

203,693,856 205,518,435

2,065,103 47,603,208

105,594,557 68,133,061 98,340,838 88,489,517 2,322,992 3,398,863

Rincian piutang usaha berdasarkan unit kerja adalahsebagai berikut :

The detail of trade receivables based on work unit are as

follows :

2009 2008

760,180,829 906,512,228

(91,803,929) (72,928,672)

668,376,900 833,583,556

71,118,991 26,511,774 17,621,732 23,643,443 9,620,066 -

400,545,393 570,133,853 160,694,204 182,087,053 100,580,444 104,136,105

872,070,756 1,039,101,991

34







PIUTANG USAHA - Lanjutan TRADE RECEIVABLES - Continued

Saldo awal Beginning balance

Penambahan (Pengurangan) Addition (Deduction)Saldo akhir Ending balance

Umur piutang Aging schedule

s.d. 1 bulan 0 up to 1 months

> 1 s.d. 3 bulan > 1 up to 3 months



> 12 bulan > up to 12 monthsJumlah Total


PT Pertamina (Persero) PT Pertamina (Persero)

PT Istaka Raya PT Istaka Raya

PT PLN (Persero) PT PLN (Persero)

Pembangunan Perumahan Pembangunan Perumahan

PT Adhi Karya (Persero), Tbk PT Adhi Karya (Persero), Tbk

PT Waskita Karya PT Waskita KaryaPT Rekayasa Industri PT Rekayasa Industri

PT Nidya Karya PT Nidya Karya

PT Brantas Abipraya PT Brantas Abipraya

PT Pertamina Unit V Balikpapan PT Pertamina Unit V Balikpapan

PT Hutama Karya PT Hutama Karya

Dirjen PU Cipta Karya Jakarta Dirjen PU Cipta Karya Jakarta

Cipta Karya - Kabupaten Dairi Cipta Karya - Kabupaten Dairi

DPU dan Kimpraswil Kaltim DPU dan Kimpraswil Kaltim

PT Petrokimia Gresik PT Petrokimia Gresik

Dep. Kim.Pras. Wilayah Riau Dep. Kim.Pras. Wilayah Riau

Angkasa Pura I Angkasa Pura I

Pemprov Sumatera Selatan Muba Pemprov Sumatera Selatan Muba

Dinas PU Pemkab, Bangka Selatan Dinas PU Pemkab, Bangka Selatan

Jasa Marga PT Jasa Marga PT

PTPN 8 PTPN 8

96,433,563 75,034,886

Berdasarkan analisa atas status masing-masing saldoakun piutang usaha pada akhir tahun, manajemenperusahaan berpendapat bahwa jumlah penyisihanpiutang ragu-ragu adalah cukup untuk menutupikemungkinan kerugian atas tidak tertagihnya piutang ragu-ragu.

Based on the analysis for the status of each trade receivables

account balance in the end of the year, the management of the

company believes that the allowence for doubtful accounts is

adequate to cover any possibility of loss on uncollected

doubtful receivable.

Rincian piutang usaha berdasarkan umur adalah sebagaiberikut :

The detail of trade receivables based on aging are as follows :

2009 2008

75,034,886 22,071,310 21,398,677 52,963,576

Mutasi penyisihan piutang ragu-ragu adalah sebagaiberikut :

The movement in the allowance for doubtful accounts is as

follows :

968,504,319 1,114,118,382

Rincian saldo piutang usaha berdasarkan pelangganadalah sebagai berikut :

The detail of trade receivables balance based on customer are

as follows :

86,174,643 99,240,699 60,105,053 48,999,215 76,922,118 260,684,841

2009 2008

430,942,098 541,687,876 314,360,407 163,505,751

4,431,687 5,298,833 - 4,881,180

35,509,971 9,142,026 - 7,580,765

27,759,048 18,739,359 13,712,483 17,246,886 13,217,050 11,364,158

2009 2008

20,837,647 94,273,980 19,972,988 19,475,175

- 1,071,776 15,251,728 - 2,426,354 -

- 1,456,072 - 1,285,540 - 1,164,671

- 3,725,931 9,155,205 1,772,534

- 1,716,925

7,984,380 - 1,096,113 - 3,316,909 -

4. 4.

35








Pihak hubungan istimewa - lanjutan : Related parties - continued:

Pelanggan Wika Beton Pelanggan Wika Beton

PLTU Sulut PLTU Sulut

Proyek Bintumen Bintumen Project

Hubungan istimewa lainnya di bawah Other related parties under

Rp 1.000.000 Rp 1,000,000



Pihak ketiga : The third parties :

PT Jakarta Lingkar Barat PT Jakarta Lingkar Barat

PT Sumber Segera Primadaya PT Sumber Segera Primadaya

PT UE Assa PT UE Assa

PT Bukit Darmo Property PT Bukit Darmo Property

PT Marga Nujyasumo Agung PT Marga Nujyasumo Agung

Cojaal Cojaal

PT Lapindo Brantas PT Lapindo Brantas

PLTU Labuan Banten 2 Labuan PLTU Labuan Banten 2 Labuan

PT Sahid Sahirman PT Sahid Sahirman

PLTU Jetty Labuan PLTU Jetty Labuan

USAID USAID

PT Truba Jaya Engineering PT Truba Jaya Engineering

Mitsubishi/ PLTGU Muara Karang Mitsubishi/ PLTGU Muara Karang

Teluk Naga Teluk Naga

Deyon Resources PT Deyon Resources PT

PT Alfa Goldland Realty PT Alfa Goldland Realty

Gloria Ramayana, PT Gloria Ramayana, PT

Pabrik Metanol Brunai Pabrik Metanol Brunai

Dinamika Karya Utama, PT Dinamika Karya Utama, PT

PLTU Indramayu PLTU Indramayu

Traveller Suramadu Traveller Suramadu

PT Pelindo III PT Pelindo III

PKS Malingping PKS MalingpingMHWS MHWS

PT Inco, Tbk. PT Inco, Tbk.

PT Sunindo Gapura Prima PT Sunindo Gapura Prima

Sinar Himalaya PT Sinar Himalaya PT

Permata Berlian Realty, PT. Permata Berlian Realty, PT.

PKS Adaro PKS Adaro

Pabrik Tower Transisi Teluk Naga Tower Transisi Teluk Naga

CMEC/ PLTU Labuan Angin I & II CMEC/ PLTU Labuan Angin I & IIPabrik Conveyor Phase 2 Pabrik Conveyor Phase 2

Sukses Karya Perdana. PT. Sukses Karya Perdana. PT.

PLTMG Palembang PLTMG Palembang

PKS Buana Karya Bhakti PKS Buana Karya Bhakti

Centunion 3 Centunion 3

China National Machinery & Equip. China National Machinery & Equip.

PT Indocement Tunggal Perkasa PT Indocement Tunggal Perkasa

PT GRHA 165 PT GRHA 165

PT Magnium Anugerah Lestari PT Magnium Anugerah Lestari

PT Lucky Sakti PT Lucky Sakti

PT Excelcomindo Pratama, Tbk PT Excelcomindo Pratama, Tbk

19,692,826 7,428,838 208,323,490 207,624,649

(4,629,634) (2,106,214)

4,932,950 - 7,294,274 - 1,731,877 -

18,521,189 23,348,849 16,721,312 23,220,804 22,927,828 22,927,828

37,271,000 77,013,968 34,241,812 34,241,812 22,251,714 31,167,164

203,693,856 205,518,435

- 142,785,000

- 8,391,895 - 8,214,806 - 7,234,827

- 11,679,815 24,084,658 10,870,369 15,179,588 9,607,564

18,406,303 22,393,413 9,086,634 18,958,485 6,209,616 12,118,458

- 4,422,545 4,732,698 4,062,375

2,001,001 5,147,272 2,015,680 5,045,049

- 4,676,822

11,327,039 6,571,666 - 5,405,285

5,548,138 5,299,188

1,489,467 2,081,849 6,086,158 1,934,451 1,796,826 1,796,826

623,372 2,754,729 - 2,573,925 - 2,088,065

- 3,148,077 1,006,923 3,108,274

- 5,878,401 4,542,973 5,127,040 5,867,216 2,970,170

- 1,323,789 - 6,583,208

37,115,859 6,751,325

- 1,766,481 - 1,699,808 - 1,568,070

- 2,846,106

4. 4.

36








Pihak ketiga - lanjutan: The third parties - continued:

PT Sumber Daya Nusaphala PT Sumber Daya Nusaphala

PT Mandiri Dipta Cipta PT Mandiri Dipta Cipta

PT Bakri Swasakti Utama PT Bakri Swasakti Utama

PT Mahkota Inti Citra PT Mahkota Inti Citra

Pelanggan PT Wika Insan Pertiwi Customer of PT Wika Insan Pertiwi

Pelanggan PT Wika Beton Customer of PT Wika Beton

Pelanggan PT Wika Realty Customer of PT Wika Realty

Pelanggan PT Wika Intrade Customer of PT Wika Intrade

Srikaya PT Srikaya PT

Citra Margatama PT Citra Margatama PT

Indominco. PT Indominco. PT

Bakrie Metal Industries. PT Bakrie Metal Industries. PT

Mitsubishi (Tanjung Priok) Mitsubishi (Tanjung Priuk)

Cakrawala Sakti Kencana. PT Cakrawala Sakti Kencana. PT

Yayasan Mandiri Yayasan Mandiri

Poso Energy, PT Poso Energy, PT

Swakarsa Sinarsentosa PT Swakarsa Sinarsentosa PT

Dharma Intisawit Nugraha Dharma Intisawit Nugraha

Kaltim Prima Coal. PT Kaltim Prima Coal. PT

Pelanggan PT Wika Gedung Pelanggan PT Wika Gedung

PT Poso Energy PT Poso Energy

Waskita UBH JO Waskita UBH JO

Pihak ketiga lainnya di bawah Other third parties under

Rp 1.000.000 Rp 1,000,000



Jumlah Total

160,694,204 182,087,053 100,580,444 104,136,105 71,118,991 26,511,774

1,493,688 2,548,065 1,111,701

17,621,732 23,643,443

1,169,373 - 1,500,000

3,057,204 - 3,327,148 - 2,432,793 -

1,020,214 - 28,550,139 - 5,685,207 -

3,902,433 - 9,481,171 -

12,376,781 -

760,180,829 906,512,228

(91,803,929) (72,928,672)

668,376,900 833,583,556

3,327,148 - 6,832,643

2,976,423 4,053,238

1,892,720 - 4,080,300 - 9,620,066 -

Perusahaan mempunyai piutang usaha sebesar Rp34.241.811 atas Pembangunan Trade Center Mall yangsementara dihentikan pekerjaannya pada progrespekerjaan 78%, hal ini disebabkan pihak pemberi kerjaPT UE ASSA belum dapat menyelesaikan kewajibanpembayaran pada perusahaan.

The company has trade receivable of Rp 34,241,811 for the

development of Trade Center Mall as for the time being the

activities are suspended. The activities progress is 78%. It is

due to the employer of PT UE ASSA that fail to complete the

payment liability to the company.

Perusahaan telah membentuk penyisihan piutang ragu-ragu sebesar 100% atas piutang tersebut untuk menutupikemungkinan kerugian tidak tertagihnya piutang tersebut.Akumulasi penyisihan piutang masing-masing sebesarRp 34.241.811 pada tahun 2009 dan sebesar Rp28.771.345 pada tahun 2008

The Company has established the allowance for doubtful

accounts for 100% of these receivables to cover possible

losses on uncollectible receivables. Accumulated allowances

for this accounts are Rp 34,241,811 and Rp 28,771,345 as of

December 31, 2009 and 2008.

Pada tanggal 15 Desember 2009 Pengadilan NegeriSurabaya telah memutuskan PT UE ASSA Pailit, danlebih lanjut pengadilan telah menunjuk Syahrial Ridho.SH.MH sebagai kurator.

On December 15, 2009 the District Court of Surabaya has

adjuncted PT EU ASSA to be bankrupt and has been further

appointed Syahrial Ridho. SH.MH as a curator.

872,070,756 1,039,101,991

Piutang usaha dijaminkan pada bank-bank pemberipinjaman (lihat catatan 20)

Trade receivables have been pledged as collateral for Banks

providing loan (see note 20)

Proyek Trade Center Mall, Surabaya Trade Center Mall Project, Surabaya

4. 4.

37







PIUTANG RETENSI RETENTION RECEIVABLES


Rupiah Rupiahs



Pihak ketiga : Third parties :

Rupiah Rupiahs


DZD Dinar DZD Dinar



Penyisihan piutang ragu-ragu Allowance for Doubtful Account

Jumlah Total

Departemen Sipil Umum Civil Construction Department

Departemen Bangunan Gedung Building Construction Department

Departemen Utilitas Utility Department

Departemen EPC EPC Department

Departemen Wilayah dan Luar Negeri Foreign Affairs Department



PT Wika Realty PT Wika Realty

Penyisihan piutang ragu-ragu Allowance for Doubtful Account

5. 5.

Akun ini merupakan jaminan yang ditahan oleh pemberikerja dan dipotong dari setiap pembayaran yang diperoleh dan akan cair pada saat serah terima pekerjaan kedua,dengan rincian sebagai berikut :

This account shall constitute retained guarantee by the

employer and deducted by each acquired payment and shall

be reimbursed at the time of delivery and acceptance of the

second activities with the following detail specification :

2009 2008

- 6,262,342 325,729,231 293,492,071

(6,653,241) -

307,740,307 284,838,234 12,980,961 2,391,495 5,007,963 -

80,206,457 48,893,067 5,556,734 9,787,692

85,763,191 58,680,759

45,765,252 97,226,577 143,184,651 15,725,438 57,480,525 45,178,669

2009 2008

44,800,464 71,608,612 91,423,315 90,628,009

404,839,180 352,172,831

Rincian piutang retensi per unit kerja adalah sebagaiberikut :

The detail of retention receivables based on work unit are as

follows :

(6,653,241) -

404,839,180 352,172,831

Perseroan mempunyai hak tagih penuh dan sampai saatini tidak mengalami hambatan untuk melakukanpencairannya, dan rata-rata umur piutang retensi kurangdari satu tahun, sehingga manajemen berkeyakinanbahwa terhadap piutang retensi tersebut tidak dilakukanpenyisihan, kecuali piutang retensi sebesar Rp 6.653.241atas Pembangunan Trade Center Mall yang disisihkan100% pada tahun 2009.

The company reserved fully right to collect and until this time

the company has no obstacle to collect and the average aging

retained receivables within less than one year, such that

management believes that there is no need to make provision

for doubtful account for such retained receivable, except for

retention receivables amounting to Rp 6,653,241 for

Development of Trade Center Mall in 2009.

2,676,910 - 2,496,032 -

23,665,273 31,805,525

38







PIUTANG RETENSI - Lanjutan RETENTION RECEIVABLES - Continued


PT Jasa Marga (Persero), Tbk. PT Jasa Marga (Persero), Tbk.

PT Pelindo II PT Pelindo II


Bank Indonesia Bank Indonesia

PT Petrokimia Gresik (Persero) PT Petrokimia Gresik (Persero)

Pemerintah Kabupaten Berau Pemerintah Kabupaten Berau

Ditjen. Perhubungan Darat Ditjen. Perhubungan Darat

DPU Bina Marga Kab. Medan DPU Bina Marga Kab. Medan

PT PLN (Persero) Kal Sel & SulUt PT PLN (Persero)

PT Pertamina DOH Jawa Barat PT Pertamina DOH Jawa Barat

BPLS Porong BPLS


Pemda DKI Jakarta Pemda DKI Jakarta

DPU & Kimpraswil Pemda. Kaltim DPU & Kimpraswil Pemda. Kaltim

DPU SNVT SDA Kalimantan III DPU SNVT SDA Kalimantan III

DPU & Kimpraswil Tarakan DPU & Kimpraswil Tarakan

Pertamina PT (Kualanamu) Pertamina PT (Kualanamu)

PTPN 8 PTPN 8

DPU SDA BBWS Ciliwung - Cisadane DPU SDA BBWS Ciliwung - Cisadane

Diknas Pemkab. Singingi Diknas Pemkab. Singingi

Otorita Pengembangan Daerah Otorita Pengembangan Daerah

Industri Pulau Batam Industri Pulau Batam

Waskita - Usaha Batang Hari Waskita - Usaha Batang Hari

Dinas Bina Marga & Pengairan Dinas Bina Marga & Pengairan

Kab.Bengkalis Kab.Bengkalis

DPU Cipta Karya Musi Banyu Asin DPU Cipta Karya Musi Banyu Asin

DPU Pemprov. Papua DPU Pemprov. Papua

Proyek PLTU SulUt Proyek PLTU SulUt

Hubungan istimewa lainnya di bawah Other related parties under

Rp 1.000.000 Rp 1,000,000Sub Jumlah Sub Total


Chengda Chengda

China National Machinery & Equipment China National Machinery & Equipment

PT Sumber Daya Nusaphala PT Sumber Daya Nusaphala

UE ASSA UE ASSA

Srikaya. PT. Srikaya. PT.


PT Citra Margatama Surabaya PT Citra Margatama Surabaya

PT Bakrie Swasakti Utama PT Bakrie Swasakti Utama

Catholic Relief Services Catholic Relief Services

USAID II USAID II

Ciliandra Perkasa Group Ciliandra Perkasa Group

PT Magnium Anugerah Lestari PT Magnium Anugerah Lestari


PT Mahkota Inti citra PT Mahkota Inti citra

Rincian piutang retensi per customer adalah sebagaiberikut

These following are detail of retention receivable per customer

as follows

2009 2008

- 1,532,653

- 2,018,027 20,362,250 5,974,876 14,727,461 11,781,830

6,475,000 3,666,351 - 820,343 - 2,442,898

- 10,326,662 - 2,799,558

226,659 226,659

3,493,589 - 1,474,182 - 2,420,954 -

1,891,617 - 1,192,661 - 1,568,642 -

5,992,881 2,054,154 7,399,730 6,654,266 6,476,932 5,386,532

220,578 - 266,216 -

1,793,749 -

780,039 -

541,989 -

6,206,521 -

1,582,129 -

- 10,032,985 1,516,011 4,473,182

- 4,802,433 23,276,229 18,999,585

- 14,020,515 7,805,703 7,798,920 6,653,241 6,653,241

669,412 2,995,951 85,763,191 58,680,760

78,232,948 54,138,029

- 2,858,922 5,033,646 3,628,734 1,579,029 1,768,253

- 4,787,521 26,189,238 21,721,765

- 2,768,550

5. 5.

39








Pihak ketiga - lanjutan: Third parties - continued :

PT Dian Anggara Persada PT Dian Anggara Persada

Canadian Red Cross Society Canadian Red Cross Society

PT Bumi Serpong Damai PT Bumi Serpong Damai

PT Sumbergas Sakti Prima PT Sumbergas Sakti Prima

PT Graha 165 PT Graha 165


Cojaal Cojaal


PT Indocement Tunggal Perkasa PT Indocement Tunggal Perkasa

PT Permata Berlian Realty PT Permata Berlian Realty

PT Dinamika Karya Utama PT Dinamika Karya Utama

Mitsubishi Corporation Mitsubishi Corporation

Sumitomo Sumitomo

CNEEC CNEEC

PT Sinar Himalaya PT Sinar Himalaya

PT Buana Karya Bakti PT Buana Karya Bakti

PT Panca Surya Agrindo PT Panca Surya Agrindo

PT Teknik Umum PT Teknik Umum

PT Trubajaya Engineering PT Trubajaya Engineering

PT Sumber Alfaria Trijaya PT Sumber Alfaria Trijaya

PT Adaro Indonesia PT Adaro Indonesia

PT Pandega Citra Niaga PT Pandega Citra Niaga


PT Cakrawala Sakti Kencana PT Cakrawala Sakti Kencana

PT Deyon Resources PT Deyon Resources

Australian Red Cross Society Australian Red Cross Society



PT Medco Power Indonesia PT Medco Power Indonesia

Yayasan Kesehatan Bank Mandiri Yayasan Kesehatan Bank Mandiri

Pelanggan Wika Realty Pelanggan Wika Realty

PT Gloria Ramayana PT Gloria Ramayana

PT Samadita Karya PT Samadita Karya

Indominco Indominco

Pelanggan Wika Insan Pertiwi Pelanggan Wika Insan Pertiwi

Pelanggan Wika Gedung Pelanggan Wika Gedung

Pihak ketiga lainnya di bawah Pihak ketiga lainnya di bawah

Rp 1.000.000 Rp 1,000,000


Penyisihan piutang ragu-ragu

Jumlah Total

- 1,600,000 3,977,642 7,298,162

- 215,224

6,572,716 8,584,799 1,159,091 2,386,364

13,366,796 4,249,714

21,386,162 9,166,409 3,078,331 2,883,292 7,417,951 3,052,337

- 1,636,207 - 2,384,335 - 3,980,806

6,942,241 1,358,796 - 2,463,904 - 1,167,509

1,268,625 1,254,882 1,306,150 2,612,300

- 203,601

- 188,930 23,902,016 9,577,947 1,492,155 2,262,600

15,005,950 7,515,000 - 1,186,318 - 1,477,082

5,877,296 4,194,886 - 1,584,946 - 1,199,078

6,865,654 7,097,539 2,330,182 1,191,864 8,738,819 5,590,482

6,141,161 3,928,999 325,729,231 293,492,071

(6,653,241) -

3,354,092 - 2,496,033 - 2,676,910 -

23,665,272 31,545,127 2,782,381 - 3,639,560 -

Allowence for Doubtful Account

404,839,180 352,172,831


Perusahaan mempunyai piutang retensi sebesar Rp6.653.241 atas Pembangunan Trade Center Mall yangsementara dihentikan pekerjaannya pada progrespekerjaan 78%, hal ini disebabkan pihak pemberi kerjaPT UE ASSA belum dapat menyelesaikan kewajibanpembayaran kepada perusahaan.

The company has retained receivable of Rp 6,653,240 for the

development of Trade Center Mall as for the time being the

activities are suspended. The activities progress is 78%. It is

due to the project owner of PT UE ASSA that fail to complete

the payment liability to the company.

5. 5.

40








DUE FROM (TO) CUSTOMERS

Biaya konstruksi Construction cost

Laba yang diakui Recognized profit

Penagihan Proggress billing

Tagihan bruto pemberi kerja (bersih) Due from customer (net)

Tagihan bruto pemberi kerja Due from customer

Kewajiban bruto pemberi kerja Due to customer

a.

a

.



Departemen Utilitas Utility Department Departemen EPC EPC Department

Departemen Wil. dan Luar Negeri Foreign Affairs Department


PT Wika Gedung PT Wika Building


Estimasi Kerugian ProyekJumlah Total

Tagihan bruto kepada pemberi kerja merupakan piutangperusahaan yang berasal dari pekerjaan jasa konstruksiyang sudah diakui sebagai pendapatan sesuai denganmetode persentase penyelesaian yang dinyatakan dalamBerita Acara Penyelesaian Pekerjaan yang belumditerbitkan faktur karena perbedaan antara tanggal beritaacara prestasi fisik dengan pengajuan penagihan padatanggal neraca. Rincian tagihan bruto kepada pemberikerja adalah sebagai berikut :

Due from filled to the project owner shall constitute the

company receivable from the activities of construction services

so recognized as an income in accordance with completion

percentage method contained in Minuted Completion of

Activities not yet issuing the invoice due to the difference

between the minutes of physical performance and collected

submission on the date of balance sheet. Detail specification of

due from the project owner shall be as follows :

2009 2008

5,333,972,342 5,827,131,229

Perusahaan telah membentuk penyisihan piutang ragu-ragu sebesar 100% atas piutang tersebut untuk menutupikemungkinan kerugian tidak tertagihnya piutang tersebut.Akumulasi penyisihan piutang retensi sebesar Rp6.653.240 pada tahun 2009.

The Company has established the allowance for doubtful

accounts for 100% of these receivables to cover possible

losses are uncollectible receivables. Accumulated allowance for

retention receivable for Rp 6,653,240 in 2009.

Pada tanggal 15 Desember 2009 Pengadilan NegeriSurabaya telah memutuskan PT UE ASSA Pailit, dansaat ini perusahaan terus memantau proses lanjutanpengadilan yang telah menunjuk Syahrial Ridho. SH. MHsebagai kurator.



appointed Syahrial Ridho. SH.MH as a curator. And the

company is in progress of monitoring the court process.

TAGIHAN (KEWAJIBAN) BRUTO KEPADA PEMBERI

KERJA

6. 6.

(18,144,602) (386,430) 625,839,379 706,586,384

Tagihan bruto pemberi kerja Due to customers

Estimasi Kerugian Proyek (1,722,369) - 625,839,379 706,586,384

643,983,981 706,972,814

307,416,099 256,454,705 5,641,388,441 6,083,585,934

(5,013,826,693) (5,376,999,549)

- 505,642 -

(1,722,369) -

21,526,150 36,993,627 29,392,455 46,842,398

50,161,458 55,564,649 154,280,381 215,090,221

2009 2008

250,539,110 207,053,808 106,875,445 145,428,111

Loss Estimation on Project

643,983,981 706,972,814

32,425,708

5. 5.

41







DUE FROM (TO) CUSTOMERS - Continued

b.

Kewajiban bruto kepada pemberi kerja b

.


Departemen Wil. dan Luar Negeri Foreign Affairs Department

Departemen Utilitas Utility Department Jumlah Total


PT Jasa Marga (Persero), Tbk. PT Jasa Marga (Persero), Tbk.

PT Pelindo II PT Pelindo II


Ditjen. Perhubungan Darat Ditjen. Perhubungan Darat

Universitas Gajah Mada Universitas Gajah Mada

Din. Pemkab Kutai Kertanegara Diknas Pemkab Kutai Kertanegara

BRR NAD NIAS BRR NAD NIAS

Pemda DKI Jakarta Pemda DKI Jakarta

PT Angkasa Pura 1 PT Angkasa Pura 1

PT PLN (Persero) PT PLN (Persero)


DPU Bina Marga Kab. Medan DPU Bina Marga Kab. Medan

DPU dan Kimpraswil Kaltim DPU dan Kimpraswil Kaltim

PT PTPN (Persero) PT Perkebunan Nusantara (Persero)

Pabrik Pabrik

Pemda Kaltim Pemda Kaltim

SNVT, Kalsel SNVT, Kalsel

Pelanggan Realty Realty Client

Pemerintah RI,SatKer Sementara Government RI, temporary dev.&

Pengelolaan Sumb. Air Jratuseluna Operation of Oase Jratunseluna

PT Pertamina (Balongan) PT Pertamina (Balongan)

PT Pertamina (Soekarno Hatta) PT Pertamina (Soekarno Hatta)

Pertamina Region I Pertamina Region I

PT Angkasa Pura II PT Angkasa Pura II

BPLS Lapindo Porong BPLS Lapindo Porong

Otorita Batam Otorita Batam

Dep PU Tata Ruang Tarakan Dep PU Tata Ruang Tarakan

JO Wika - PP - Sacna JO Wika - PP - Sacna

Rp 1.000.000 Rp 1,000,000


- 18,144,602 386,430

Rincian saldo Tagihan bruto pemberi kerja per pelangganadalah sebagai berikut :

Detail specification to due from balance to the project owner

shall be as follows :

2009 2008

- 386,430 805,116 -

Due from customers

3,930,654 - 13,499,145

57,571,058 16,159,651

- 9,022,806 - 38,697,703

9,682,908 9,682,908

2009 2008

5,633,498 - 1,864,014 387,920

1,404,354 - 5,761,649 - 6,452,379

- 4,723,126 5,761,649 8,381,288

- 1,105,548

5,496,064 14,182,614 33,418,499 6,807,992 36,413,294 18,024,277

- 16,750,324 -

DPU Dirjen SDA BBWSCiliwung Cisadane

- DPU Dirjen SDA BBWS Ciliwung Cisadane82,282,298

2,204,274 - 30,092,531 - 1,467,060 -

- 14,063,206

- 6,110,315

184,193,826

1,706,051 - 151,378 -

11,816,388 5,796,291

15,880,196 -

6. TAGIHAN (KEWAJIBAN) BRUTO KEPADA PEMBERI

KERJA - Lanjutan

6.

343,867,591

25,676,107

-

-

17,339,486

42









JFE Civ.EngineerIng&Constr.Corp. JFE Civil Engineering & Constr. Corp.


Catholic Relief Services Catholic Relief Services

Excelcomindo Excelcomindo



PT UE ASSA PT UE ASSA

Canadian Red Cross Society Canadian Red Cross Society

PT Pandega Citra Niaga PT Pandega Citra Niaga

Mitsubishi Corporation Mitsubishi Corporation

PT Buana Karya Bakti PT Buana Karya Bakti

PT Sinar Himalaya PT Sinar Himalaya



CNEEC CNEEC

PT Mahkota Inti citra PT Mahkota Inti citra

China Mechanical Electric Corp. China Mechanical Electric Corp.

Chengda (Proyek PLTU Cilacap) Chengda (Proyek PLTU Cilacap)



PT Gloria Ramayana Inter Hotel PT Gloria Ramayana Inter Hotel

PT Samadista Karya PT Samadista Karya

PT Cakrawala Sakti Kencana PT Cakrawala Sakti Kencana

PT Deyon Resources PT Deyon Resources

Yayasan Kesehatan Bank Mandiri Yayasan Kesehatan Bank Mandiri

Sumitomo Sumitomo

Proyek PLTU Kalsel Proyek PLTU Kalsel

PT Alam Sutera PT Alam Sutera

PT Bumi Nusa Kaltim PT Bumi Nusa Kaltim

PT Indocement PT Indocement


PT Truba Jaya Engineering PT Truba Jaya Engineering

PT Medco Power Indonesia PT Medco Power Indonesia

Dongfang Yayasan Kesehatan Bank Mandiri

Pakodian Group Pakodian Group

Pelanggan Wika Realty Pelanggan Wika Realty

PT Sukses Karya Perdana PT Sukses Karya Perdana

Trubaindo Coal Mining Trubaindo Coal Mining

Lippo Karawaci. PT Lippo Karawaci. PT

Kaltim Prima Coal Kaltim Prima Coal

Masaji Tatanan Container Masaji Tatanan Container

Pelanggan Wika Gedung PT Jasa Marga

PT Poso Energy PT Poso Energy

PT RUHAAK Pala Industry PT RUHAAK Pala Industry

Pihak ketiga lainnya di bawah Other the third parties under

Rp 1.000.000 Rp 1,000,000


Jumlah Total

- 46,290,122 27,072,854 98,320,919

701,273 47,837,099 10,482,651

- 220,266

3,126,431 7,970,276 1,722,369

25,000 9,521,239

- 13,973,243 - 1,418,251

37,311,281 13,242,861

41,714,847 - 1,537,881 - 4,296,402

40,372,056 54,172,769 - 1,622,768 - 28,462,268

- 5,850,037 - 4,963,567

17,466,307 16,985,210

7,875,752 - 6,849,559

1,374,024 7,152,791

- 9,893,988 3,203,510 1,420,370

- 2,476,810

944,010 6,944,759 3,605,264 7,606,250 6,860,058 31,345,178

32,779,192 3,035,939 - 1,863,769 -

- 6,091,662 - 1,599,481

2,465,054 1,480,075

3,677,509 19,266,009 - 2,208,763

11,752,409 11,465,062

- 3,147,800 -

32,425,708 -

1,795,774 - 824,815 - 425,547 -

150,000 2,854,068 300,116,390 522,778,988

643,983,981 706,972,814

2,241,265

29,392,455

-


KERJA - Lanjutan

6.

17,720,451

-

43








The company has seeked due process of law to settle the

issues and continued holding negotiation in order to settle right

and liability respectively.

Pada tanggal 15 Desember 2009 Pengadilan NegeriSurabaya telah memutuskan PT UE ASSA Pailit, dansaat ini perusahaan terus memantau proses lanjutanpengadilan yang telah menunjuk Syahrial Ridho. SH.,MHsebagai Kurator.



appointed Syahrial Ridho. SH.MH as a curator. And the

company is in progress of monitoring the court process.

Pembangunan Jalur Ganda KA Kroya-Yogyakarta Development of Train Double Track Kroya-Yogyakarta


Perusahaan mempunyai tagihan bruto sebesar Rp1.722.369 atas Pembangunan Trade Center Mall yangsementara dihentikan pekerjaannya pada progrespekerjaan 78%, hal ini disebabkan pihak pemberi kerjaPT UE ASSA belum dapat menyelesaikan kewajibanpembayaran kepada perusahaan.

The company has retained account due from customers Rp

1,722,369 for the development of Trade Center Mall as for the

time being the activities are suspended. The activities progress

is 78%. It is due from the project owner of PT UE ASSA that

fail to complete the payment liability to the company.

Perusahaan telah membentuk penyisihan tagihan brutosebesar 100% atas tagihan bruto tersebut. Akumulasipenyisihan tagihan bruto sebesar Rp. 1.722.369 padatahun 2009.

The Company has established the allowance for due from

customer accounts for 100%. Accumulated allowance for

retention receivable for Rp 1,722,369 in 2009.

Seluruh tagihan Eskalasi tersebut telah cair di bulanDesember 2009.

Perusahaan mempunyai tagihan bruto kepada pemberikerja pada proyek Pembangunan Jalur Ganda KA Kroya -Yogyakarta total sebesar Rp. 46.135.142. dan sebesarRp. 27.548.589 yang merupakan penyesuaian hargaterutama dari unsur BBM.

The company has retained account due from customers for the

development Kroya - Yogyakarta of double track of train railway

total Rp 46,135,142 and Rp 27,548,589 which is primarily price

adjustment of fuel elements.

Sesuai dengan surat No. LAP-815/DI/04/2007 tanggal 23Oktober 2007 dari BPKP kepada Dirjen Perkeretaapianmengenai laporan hasil evaluasi usulan penyesuaianharga kontrak, dengan rekomendasi secara legal dansubstansi kontraktor dapat dipertimbangkan penyesuaianharga kontrak akibat kenaikan BBM dan keterlambatanSPK dengan dibuatkan amandemen kontrak.

Pursuant to Letter No. LAP-815/DI/04/2007 dated October 23,

2007 submitted by BPKP to Directorate General of Railways

regarding report of evaluation result for Contracted Price

Adjustment Proposal and Recommendation in legal and

subtance manner, the Contractor may consider the adjustment

of price contracted as result of BBM increase and delay of SPK

by preparing the amendment of the contract.

Pada tanggal 12 Oktober 2009, amandemen atas kontrakterkait dengan price adjustment , telah ditandatanganiyaitu amandemen kontrak No 7 atas Kontrak No.SPP-01/BLN/SL-PI/PLS/I/09 antara PLS dan JFE Civil-WikaJO.

On October 12, 2009, amendment of a contract relating to price

adjustment, has signed which is a contract amendment No. 7 to

Contract between the PLS and No.SPP-01/BLN/SL-PI/PLS/I/09

Civil JFE-Wika JO.

The whole bill of escalation has been settled on December

2009.

Perusahaan menempuh jalur hukum untuk penyelesaianmasalah tersebut dan terus melakukan negosiasi untukmenyelesaikan hak dan kewajiban masing-masing.


KERJA - Lanjutan

6.

44







PT Wika Beton Customer

PT Wika Intrade Customer

PT Wika Realty Customer

Total

Head of Management

Other receivable Construction Department:

Civil Construction Department

Utility Department

Building Construction Department

Foreign Construction Department

EPC Department

PT Wika Beton

PT Wika Reality

PT Wika Intrade

PT Wika Insan Pertiwi

Total

Allowance for doubtful accounts

Total

Seluruh piutang lain-lain adalah dalam mata uang rupiah

31,340,632 Pelanggan PT Wika Intrade 93,048,516 6,117,384

2009 2008

Pelanggan PT Wika Beton 26,072,147 22,766,608

7. PENDAPATAN YANG AKAN DITERIMA 7. ACCRUED INCOME

Pendapatan Akan Diterima merupakan piutang usaha yangbelum ditagihkan selain dari aktivitas pelaksanaan proyek,dengan rincian sebagai berikut.

Accured income represents unbilled trade receivables from

other project construction activites, are as follows:

Departemen Sipil Umum 22,487,521 53,241,023

Akun ini terdiri dari: This account consists

2009 2008

Pusat Manajemen 1,524,342 26,010,007

Jumlah 122,631,965 60,224,624

8. PIUTANG LAIN-LAIN 8. OTHER RECEIVABLE

Piutang lain-lain Konstruksi

1,848,309 PT Wika Insan Pertiwi 728,367 312,310

PT Wika Beton 434,341 4,076,443 PT Wika Realty 19,414,058 480,477

Departemen Wilayah dan Luar 2,043,841 692,174 Departemen EPC 1,327,918 3,722,391

Departemen Utilitas 1,849,157 4,288,568 Departemen Bangunan 17,894,955 7,756,304

PT Wika Intrade 25,543,877

Other receivables construction divisions are receivable for the

company to the subcontractors which have made payments for

the purchase of materials project which it is working on and will

be accounted with debt payments to subcontractors.

Piutang lain-lain PT Wika Realty merupakan piutangperusahaan kepada kontraktor atas pembayaran yangtelah dilakukan untuk pembelian material proyek yangsedang dikerjakan yang akan di set off denganpembayaran hutang kepada kontraktor.

Other receivable of PT Wika Reality shall constitute the

company's loan conducted to purchase projected material

that is being inplemented an set off by debt payment to the

contractor.

Piutang lain-lain Departemen Sipil Umum sebesar Rp22.487.520 merupakan piutang atas penggadaan besiproyek JO serta piutang kepada PT Propelat atas proyekCikubang sebesar Rp 13.700.000 yang telah disisihkan100% pada tahun 2007.

Other receivable of department of civil construction shall be Rp

22,487,520, for the procurement of JO project iron and

receivable to the PT Propelat for Cikubang projetc of Rp

13,700,000 deducted of 100% in 2007.

Jumlah 76,428,845 85,800,618

Jumlah 93,248,377 102,428,005 Penyisihan piutang ragu- (16,819,532) (16,627,387)

Piutang lain-lain divisi-divisi konstruksi merupakanpiutang perusahaan kepada subkontraktor ataspembayaran yang telah dilakukan untuk pembelianmaterial proyek yang sedang dikerjakan dan akandiperhitungkan dengan pembayaran hutang kepadasubkontraktor.

Berdasarkan analisa status masing-masing saldo akunpiutang lain-lain pada akhir tahun, manajemenperusahaan berpendapat bahwa jumlah penyisihanpiutang ragu-ragu adalah cukup untuk menutupikemungkinan kerugian atas tidak tertagihnya piutang ragu-ragu.

Based on analysis of the status of each account balance of

other receivables in the end of the year, the management of the

company believes that the amount of deduction of non accrual

loan shall be sufficient to cover the loss possibility uncollected

for allowance of doubtful account.

All other receivables are in rupiah currency.

Pelanggan PT Wika Realty 3,511,302

45







PERSEDIAAN INVENTORIES

Barang jadi Finished goods

Barang dalam proses Work in pocess

Produk komponen Component product

Barang baku dan bahan penolong Raw material and indirect material

Persediaan dalam pengiriman Inventories in transit

Suku cadang Spare part

Persediaan aktiva real estate Real estate inventories

Tanah sedang dikembangkan Land under development

Tanah matang Land available for sale

Bangunan sedang konstruksi Building under Construction

Bangunan jadi Housing inventories

Bahan material Material inventories

Penurunan nilai persediaan Intrade Impairment of Intrade's inventoryJumlah Total

Barang Jadi Finished Goods

Produk Beton di gudang Concrete product in warehouse

Produk Beton di lapangan Concrete product in field

Tabung kompor gas Gas Stove

Plastik Pressing/Painting Pressing Plastic /Painting

Sparepart Otomotif Otomotif Sparepart

Konversi Energi(SWH ) Energy Conversion (SWH)

Pupuk & Aspal Fertilizer & Asphalt

Jumlah bersih Total

- -

Jumlah bersih Net total

Barang Dalam Proses Work in Process

(45,046,450)

19,149,603 5,180,009 13,600,343

124,662,835 278,100,142

Akun ini terdiri dari : This account consist of :

2009 2008756,289,840 837,576,780

9. 9.

11,307,828

The inventory constitued of the finished goods inventory of

concrete products (PT Wika Beton), metal products, gas,

fertilizers, automotive spare parts and energy conversion (PT

Wika Intrade) are detailed as follows:

2009 2008

310,773 844,393 (45,046,450) -

1,044,472,772 1,350,022,508

14,742,318 19,911,698 37,939,075 33,939,243 4,111,768 5,176,177

12,245,927 18,710,466 6,019,429 3,982,792

116,709,419 119,030,871

Persediaan Barang Jadi merupakan persediaan barangjadi produk beton (PT Wika Beton), produk metal, tabunggas, pupuk, sparepart otomotif dan konversi energi (PTWika Intrade) yang terinci sebagai berikut :

284,219,462 756,289,840 837,576,780

- 11,799,648 5,422,456 3,152,326 5,994,705 3,894,432

66,673,888 122,616,408 553,964,455 411,894,505 12,598,210 -

111,636,125

Persediaan barang dalam proses merupakan persediaandalam proses produksi atas produk metal, tabung komporgas, sparepart otomotif dan konversi energi PT WikaIntrade yang terinci sebagai berikut :

Inventories of goods in process inventory in a production

process for metal products, gas stove, sparepart automotive

and energy conversion of PT Wika Intrade detailed as follows:

Impairment expense of

Intrade's inventory

711,243,390 837,576,780

Nilai bersih yang dapat direalisasikan adalah taksiranharga jual wajar setelah dikurangi taksiran biaya untukmemperoleh dan menjual barang jadi.

Net value can be realized is the estimated selling price after

deducting the estimated reasonable cost to acquire and sell

goods.

Beban penurunan nilai persediaan pupuk sebagai akibatdari dari penurunan nilai jual atas persediaan pupuk diPT Wijaya Karya Intrade telah dilakukan berdasarkananalisa umur persediaan dan hasil penelaahan terhadapkeadaan persediaan serta harga jual pada saat tanggalNeraca.

The impairment of fertilizer stocks decline in value as a result of

the decline in trading value of stocks of fertilizer in PT Wijaya

Karya Intrade has been conducted on the basis of analysis of

inventory age and a review of the state of condition inventories

and selling prices at the balance sheet date.

Penurunan nilaipersediaan intrade.

46







PERSEDIAAN - Lanjutan INVENTORIES - Continued

Sparepart Otomotif Automotive Sparepart



Konversi Energi (SWH) Energy Conversion (SWH)

Jumlah Total

Produk Komponen Component Product

Sparepart Otomotif Automotive Sparepart



Jumlah Total

Bahan baku Penolong Raw Material Suplement

Wika Induk Parent Company

Wika Beton Wika Beton

Wika Intrade Wika Intrade

Wika Gedung Wika Gedung

Jumlah Total

a.Festival Fatmawatib.Tamansari Samarindac.Tamansari Bukit Mutiara d.Tamansari Majapahite Tamansari Manglayang Regencyf. Tamansari Puri Bali g.Tamansari Metropolitan Manadoh.Tamansari Pelabuhan Ratui. Tamansari Sudirmanj. Grand Tamansari Samarinda 2k.The Hills Semarang

Jumlah/Total

- - 11,877,593

773,558 1,838,067

2009 20081,942,641 5,433,943 8,591,629

13,600,343

Bahan Baku dan Penolong merupakan persediaan bahanbaku pada industri beton, metal, produk sparepartotomotif dan konversi energi serta persediaan materialbesi beton dan semen di proyek-proyek konstruksi.

Raw materials suplement is an industrial raw material in

concrete, metal, automotive products and spareparts and

supplies energy conversion materials and cement concrete iron

on construction projects.

2009 2008

1,599,128 941,971 - 12,658,372

3,580,881 -

11,307,828 19,149,603

Persediaan produk komponen merupakan persediaanproduk dalam proses (setengah jadi) PT Wika Intradeuntuk komponen tabung kompor gas dan sparepartotomotif yang terinci sebagai berikut :

Inventories of products is a component stock of the product in

the process of (work in process) PT Wika Intrade for

component Gas Cylinder (Gas Stove) and automotive

spareparts are detailed as follows:

2009 2008

2008

3,780,900 - 124,662,835 278,100,142

Tanah yang sedang dikembangkan terdiri dari/land under development consists of :

LT 2009 LT

75,433,803 156,064,889 34,251,114 83,084,200 11,197,018 38,951,053

46,329 11,525,110 45,377

83,791 21,243,880 284,098 34,835 20,557,693

9,865 - -

15,455 5,252,865 11,525 47,673 7,514,059 56,638

7,105,300 5,400,834 4,965,333

13,522,392 24,604,863 15,982,418 18,741,004 15,232,026 13,476,700 21,268 13,656,762 23,568

32,761

921 7,694,199 1,637 14,548 14,190,104 32,813

39,626 14,433,997 - - 304,446 116,709,419 488,417 119,030,871

- 630,885 - -

5,180,009

9. 9.

47








Tanah matang terdiri dari/Land ready to sale consists of :

a.Taman Sari Persada Bogorb. Tamansari Mangly. Regencyc.Tamansari Persada Balid.Tanah Acehe.Tamansari Bukit Damaif. Tamansari Samarindag.Tamansari Bukit Mutiarah.Tamansari Majapahiti. Tamansari Pelabuhan Ratuj. Tamansari Metro Politan Manadok.Tamansrai Puri Bali

Jumlah/Total

Bangunan yang sedang dikonstruksi terdiri dari/Building in under construction are :

a.Tamansari Bukit Mutiarab.Tamansari Pelabuhan Ratuc. Tamansari Manglayang Regencyd.Tamansari Puri Balie.Grand Tamansari Samarindaf. Tamansari Metropolitan Manadog.Tamansari Persada Bogorh.Tamansari Majapahiti. Tamansari Sudirmanj. Festival Fatmawatik.Grand Tamansari Samarinda 2l. The Hills Semarang

m.The Green Tamansari Surabayan.Lain-lain

Jumlah/Total

Material Real Estat terdiri dari:

Proyek Sidikarang Sidikalang project

Proyek Sudirman Sudirman projerct

Proyek Centro City Centro City project

Proyek Akper MUBA Akper MUBA project

Total

LT 2009 LT 2008 3,473 1,064,574 5,105 1,988,103

2,435,914 451,356

1,607,740 365,212

5,217,432 14,062 1,414 680,940 551

6,594,735 416,267

5,381,254 50,017

322,389 298,709

1,607,740 - 1,962 349,127 2,316

12,132 2,492,248 10,761 1,144 451,356 1,729 878

14,742,318 43,524

LT 2009 LT 2008

19,911,698

- - 655 - - 507

4,073,856 1,387,950

2,868,015 7,402 73 10,886 436 3,315

4,846

7,258 9,931,940 6,518 888 495,891 1,479

2,802 2,401,587 4,226 1,646 3,851,289 2,732

1,661,796 4,298 1,827 794,187 2,092

163

1,322

165,486 - 44,741

2009 2008- 396,294 - 237,871

24,229 37,939,075 28,375

Real Estate raw material are:

660,827 - - 1,143,453 -

1,072

The inventory of consumable goods and non ready consumable

goods that are in the process of production for concrete

product, metal product and energy conversion product.

136,121 - 612,993 -

13,739,636

3,032,470 2,687,975 4,161,999 1,515,029

661,850 2,607,574

11,780,649 2,029,891

- - - -

33,939,243

Raw material and assistance shall constitute inventory for raw

material in concrete, metal and energi construction industry and

construction materials in the project.

844,393

- 901,894 1,688

275,017 496 1,332,444

1,902

1,606 1,084

2,594

36,142

11,751

65

9. 9.

310,773

Bahan baku dan penolong merupakan persediaan bahanbaku pada industri beton, metal dan konversi energi,serta bahan-bahan material konstruksi proyek.

jumlah 310,773

Persediaan barang jadi dan barang dalam prosesmerupakan persediaan barang jadi dan barang dalamproses produksi atas produk beton, produk metal, danproduk konversi energi.

48








UANG MUKA ADVANCES

Subkontraktor Sub-contractor

Pemasok Supplier

Uang muka pekerjaan Advance

Lain-lain OtherJumlah Total

149,186,509 10,227,953 480,420

19,453 9,735,184

Rincian uang muka adalah sebagai berikut : Details of advances are as follows :

2009 2008

38,207,804 74,874,668

Persediaan tersebut juga dijaminkan ke Bank Niagadengan nilai penjaminan Rp 5.000.000.000 (Rupiahpenuh).

The aforementioned inventory is alao guaranteed to Niaga

Bank with the coverage value Rp 5,000,000,000 (Full amount).

Lihat catatan 20. Please see note 20.

10. 10.

133,316,939

181,772,149 234,276,781

The company shall guarantee the inventory of manufacturing of

energy conversion product and automotive component with the

insurance coverage value of Rp 6,497,900,000 by the police

No.203.204.300.09.0056 to PT Asuransi Jasa Indonesia

(Jasindo) with the effective period coverage of June 20, 2009

until June 20, 2010. Also insurance coverage for Casting

Product stock value of Rp 15,571,622,218 (Full amount) by the

police No.203.204.300.09.0057 with the effective period

coverage of June 20, 2009 until June 20, 2010. The

managament belives that the coveraga value shall be sufficient

to cover the loss.

All inventories shall be owned in the name of the company.

Receivable and stock with minimum value of Rp 50 Billions

shall be as main mortgage for credit facility of revolving working

capital and facility of non cash loan so obtainted by PT Wika

Beton in Bank Mandiri pursuant to the Extension of Argeement

No. CGB.ONE/SPPK/RD2.060/2007 dated May 9, 2007.

Inventory that is in the delivery process shall constitute

inventory that have been delivered prior to the date of balance

sheet, but it has not yet been in the destination area.

Both loan and inventory of minimum Rp 45,000,000,000 (Full

amount) as owned by the company shall be guaranteed in Bank

Mega in accordance with deed of fiduciary either in the present

and hereafter in respect of credit facility so provided to PT Wika

Beton.

9. 9.

Perseroan mengasuransikan persediaan produk pabrikkonversi energi dan produk pabrik komponen automotifCibinong dengan nilai pertanggungan sebesar Rp6.497.900.000 (Rupiah penuh) dengan polisNo.203.204.300.09.0056 pada PT Asuransi JasaIndonesia (Jasindo) dengan jangka waktu pertanggungan20 Juni 2009 sd 20 Juni 2010, serta asuransi atasPersediaan Produk Casting Jatiwangi dengan nilaipertanggungan sebesar Rp 15.571.622.218 (Rupiahpenuh) dengan No Polis 203.204.300.09.0057 berlakusejak 20 Juni 2009 sampai dengan 20 Juni 2010.Manajemen berkeyakinan nilai pertanggungjawabantersebut cukup untuk menutup kerugian.

Seluruh persediaan dimiliki atas nama Perusahaan.

Piutang dan persediaan minimal senilai Rp. 50 milyarsebagai agunan utama atas fasilitas kredit modal kerjarevolving dan fasilitas non cash loan yang diperoleh PTWika Beton dari Bank Mandiri sesuai PerpanjanganPerjanjian No.CGB.ONE/SPPK/RD2.060/2007 tanggal 9Mei 2007.

Persediaan dalam pengiriman merupakan persediaanyang telah dikirim sebelum tanggal neraca tetapi belumsampai di tujuan.

Piutang dan persediaan minimal senilai Rp45.000.000.000 (Rupiah penuh) yang dimiliki perusahaandijaminkan kepada Bank Mega sesuai dengan aktafiducia baik sekarang maupun di kemudian hari atasfasilitas kredit yang diberikan kepada PT Wika Beton.

49







UANG MUKA - Lanjutan ADVANCES - Continued

PAJAK DIBAYAR DI MUKA PREPAID TAXES

PPh pasal 21 Income Tax Art 21

PPh pasal 22 Impor Income Tax Art 22 - Import

PPh pasal 22 Wajib Bayar Income Tax Art 22 - Waba




PPh Final dibayar dimuka Prepaid of Final Tax

Pajak Pertambahan Nilai VAT In

PPN Impor VAT - Import

PPN DN Restitusi VAT Refund

PPN K DPL VAT Out DPL

Jumlah Total

Rincian pajak dibayar di muka adalah sebagai berikut : Details of prepaid taxes are as follows :

2009 2008

1,175,864 22,115,331

Uang muka intern pekerjaan/kegiatan kerja (persekot)merupakan uang muka yang diberikan kepada pelaksanaproyek untuk keperluan operasional proyek.

Intern down payment to the activities/work activities shall

constitute down payment made to management of the project

for the purpose of projected operational requirement.

Lain-lain pada uang muka tersebut merupakan persekotoperasional pegawai dan pemasaran.

Other payment constitute down payment for the operational of

the employee and marketing.

11. 11.

Uang muka kepada subkontraktor merupakan uang mukayang diberikan kepada subkontraktor sehubungandengan kontrak pelaksanaan pekerjaan proyek,subkontraktor akan mengangsur kepada perusahaanpada saat pembayaran prestasi kerja.

Down payment made to subcontractor shall constitute down

payment made to subcontractor in connection with the contract

for the project activities implementation. The subcontractor

shall make the payment in installment to the Company at the

time of work performance payment.

Uang muka kepada pemasok merupakan uang mukayang diberikan kepada pemasok sehubungan denganpengadaan bahan baku dan material konstruksi di proyek.

Down payment made to supplier shall constitute down payment

made to supplier in connection with the procurement of

construction raw material and material in the project.

36,530,969 30,084,561 3,783,203 - 2,651,072 -

15,010,917 1,174,728 18,339,250

11,529,615 - - 15,360,817

10,300,539 - 8,719,881 6,055,556

135,466,588 111,722,113

Berdasarkan Surat Perintah Pemeriksaan No : PRIN-82/WPJ.19/KP.0305/2009 tanggal 29 Mei 2009,KPPBUMN saat ini masih melakukan pemeriksaan ataspengajuan restitusi tersebut.

Based on Examination Warrant No: PRIN-

82/WPJ.19/KP.0305/2009 dated May 29, 2009, KPP SOEs is

still doing its investigation of the filing of refund.

KPP BUMN melakukan pemeriksaan dibidang perpajakanberdasarkan dengan Undang-Undang No. 6 tahun 1983tentang Ketentuan Umum dan Tata Cara Perpajakansebagaimana telah beberapa kali diubah, terakhir denganUndang-Undang Nomor 28 tahun 2007.

Tax Service Office for state own company conducts tax

inspection according to the Law No. 6 year 1983 on General

Provisions and Tax Procedures as amended several times, last

by law No. 28 of 2007.

226,343,376 203,677,628

Pada tahun 2009 PT Wijaya Karya (Persero), Tbk telahmengajukan perhitungan restitusi terhadap kelebihanbayar atas pajak tahun 2007 dan 2008.

In the year 2009 PT Wijaya Karya (Persero) Tbk has proposed

the calculation of refund of the excess taxes in 2007 and 2008.

10. 10.

50







PAJAK DIBAYAR DI MUKA - Lanjutan PREPAID TAXES - Continued

Restitusi pajak tersebut adalah sebagai berikut : Refund of the tax is as follows:

PPN Tahun 2007 sebesar Rp 2.670.385.048 (Rupiah penuh). VAT in 2007 was Rp 2,670,385,048 (Full amount).

PPN Tahun 2008 sebesar Rp 269.762.362.056 (Rupiah penuh). VAT in 2008 was Rp 269,762,362,056 (Full amount).

BIAYA DIBAYAR DI MUKA PREPAID EXPENSES

Biaya usaha Operating expenses

Biaya produksi Production expenses

Biaya pengadaan Procurement expenses

Biaya pengelolaan Coordination expenses

Biaya distribusi Distribution expenses

Biaya sewa dan asuransi Rent and insurance expenses

Lain-lain OtherJumlah Total



Departemen Wilayah dan Luar Negeri Foreign Affairs Department


Departemen Pusat Central Department

PT Wika Beton PT Wika Beton


PT Wika Intrade PT Wika Intrade


Jumlah Total

SPT PPh 29 pajak tahun 2007, sebesar Rp33.925.115.021 (Rupiah penuh).SPT PPh 29 pajak tahun 2008, sebesar Rp28.982.113.551 (Rupiah penuh).

Annuall of Income tax article 29 in 2007 was

Rp 33,925,115,021 (Full amount).

Annuall of Income tax article 29 in 2008 was

Rp 28,982,113,551 (Full amount).

12. 12.

177,479,831 146,172,362

Biaya usaha dibayar di muka per unit kerja atau lokasi,merupakan biaya-biaya yang dikeluarkan sehubungandengan kegiatan usaha perusahaan seperti biayapengusahaan proyek, tender dan biaya usaha lainnyaserta biaya sewa dan asuransi.

Prepaid business expenses per working or location unit shall

constitute costs expended in connection with the company

business activities such as business undertaking cost of the

project, tender and others and rental and insurance fee.

Rincian biaya dibayar di muka adalah sebagai berikut : Details of prepaid expenses are as follows :

2009 2008

9,964,792 3,327,985

Rincian biaya usaha dibayar di muka adalah sebagaiberikut :

Details of prepaid business expense shall be as follows :

156,165,413 116,105,091 492,274 7,796,900 627,366 1,191,852

2,332,840 8,762,317 586,250 3,097,745

7,310,896 5,890,472

1,891,468 1,238,167 18,199 358,768

491,469 322,012

- 85,597 83,450 -

678,491 -

2009 2008

- 551,963 1,000,680 771,478

5,801,035 - 9,964,792 3,327,985

Biaya produksi dibayar di muka merupakan biaya-biayayang dikeluarkan untuk keperluan perusahaan dan belumdapat diperhitungkan dengan penjualan karena padatanggal neraca berita acara kemajuan fisik belum dapatditandatangani pengawas lapangan dan atau berita acarapenyerahan barang belum ditandatangani.

Prepaid production expense shall constitute costs expended for

the company's requirement and could not be calculated by the

sales, because on the balance sheet date minutes of physical

improvement could not be signed by the field supervisor and or

minutes of goods delivery has not been signed.

11. 11.

51







BIAYA DIBAYAR DI MUKA - Lanjutan PREPAID EXPENSES - Continued




Departemen EPC EPC Department




PT Wika Gedung PT Wika Building


Jumlah Total

JAMINAN USAHA BUSINESS GUARANTEE

INVESTASI PADA PERUSAHAAN ASOSIASI INVESTMENT IN ASSOCIATED COMPANIES

- 293,556 - 66,000

52,978 1,551,670

Rincian biaya produksi dibayar di muka adalah : Details of prepaid production expenses are as follows :

2009 2008918,808 1,208,860

Biaya distribusi dibayar di muka merupakan biaya atasdistribusi produk beton dan produk intrade yangditangguhkan sehubungan dengan perbedaan waktuantara pengakuan penjualan dan saat terjadinyapengiriman produk beton.

Prepaid distribution expense shall constitute cost for the

distribution of concrete and intrade product with the interval

time between recognition of sale and the period of concrete

product delivery.

13. 13.

Akun ini merupakan jaminan yang diberikan perusahaandalam rangka memperoleh/pelaksanaan pekerjaankontrak konstruksi. Jaminan tersebut berupa dana yangdisetor kepada bank yang ditunjuk dan akan dicairkansetelah habis masa berlakunya bank garansi, dengan rata-rata berlakunya bank garansi kurang dari satu tahun.

This account shall constitute guarantee provided in order to

obtain/ implement the construction contract activities. Such

guarantee shall be in form fund so paid up to the appointed

bank and shall be recorded upon the termination of bank

guarantee period, within the average effective period of bank

guarantee less than one year.

Jumlah

101,330 - - 648,453

2,332,840 8,762,317

618,029 2,587,059 213,839 1,089,211 427,856 1,317,508

Kepemilikan/ (Pengurangan) Penyertaan/Percentage of Amount of Participation Additional/ Amount of Participation

Penyertaan

14. 14.

Akun ini merupakan penyertaan saham pada perusahaanasosiasi, sebagai berikut :

This account shall constitute share investment in associated

company so set forth as follows :

TAHUN 2009

Nama perusahaan

Persentase Penambahan/ Jumlah

2. PT Wijaya Tama Perkasa 40,00% 15,000,000 (15,000,000) - 1. PT WIKA - NGK Insulator 18,70% 1,708,240 - 1,708,240

Ownership Awalperiode (Deduction) Akhir Periode/(%) Beginning balance Ending Balance

3. PT Marga Kunciran 10,00% 3,000,270 - 3,000,270

19,708,510 101,800,000 121,508,510

4. PT Marga Nujyasumo 20,00% - 116,800,000 116,800,000

12. 12.

52







INVESTASI PADA PERUSAHAAN ASOSIASI - Lanjutan INVESTMENT IN ASSOCIATED COMPANIES - Continued

PT WIKA - NGK Insulator PT WIKA - NGK Insulator

Ownership Awalperiode (Deduction) Akhir Periode/Beginning balance Ending Balance

(Pengurangan) Penyertaan/Percentage of Amount of Participation Addition/ Amount of Participation

TAHUN 2008

Nama perusahaan

Persentase

3,000,270 2. PT Wijaya Tama Perkasa 40,00% - 15,000,000 15,000,000 1. PT WIKA - NGK Insulator 18,70% 1,708,240 - 1,708,240

Penambahan/ JumlahKepemilikan/

JumlahPenyertaan

3. PT Marga Kunciran 10,00% - 3,000,270

Anggaran Dasar WIKA NGK telah beberapa kalimengalami perubahan yang perubahan terakhirnya,antara lain sehubungan dengan perubahan seluruhAnggarann Dasar WIKA NGK, adalah sebagaimana yangtermaksud dalam Akta Pernyataan Keputusan RapatNo.3 tanggal 25 Pebruari 2000, dibuat di hadapan SarinaSihombing, SH., Notaris di Kabupaten Daerah Tingkat IITangerang berkedudukan di Ciputat.

Articles of Association of WIKA NGK has been amended

several times and most recently in connection with the

amendment to all Articles of Association of WIKA NGK as

embodied in Deed of Statement of Meeting Resulution No.3

dated February 25, 2000, drawn up and passed before Sarina

Sihombing, Sihombing, Notary Public practicting in Regency as

the second level regions Tangerang having its domicile in

Ciputat.

Maksud dan tujuan usaha WIKA NGK adalahsebagaimana tercantum dalam Anggaran Dasar adalahmelaksanakan kegiatan usaha membuat dan merakithigh tension porcelain insulators dan produk-produklainnya yang berhubungan serta memasarkan danmenjual seluruh hasil produknya di wilayah indonesia danmaupun luar indonesia.

Purpose and objektive of WIKA NGK business as contained in

Article of Assocation shall be to implement business activities in

producing and assembling "high tension porcelain inslator" and

other relevant products and marketing and selling all production

proceeds thorough Indonesia and out of Indonesia teritory.

Berdasarkan Akta Pernyataan Keputusan Rapat No.3tanggal 25 Pebruari 2000, dibuat di hadapan SarinaSihombing, SH., Notaris di Kabupaten Daerah Tingkat IITangerang, berkedudukan di Ciputat, struktur permodalandan komposisi susunan pemegang saham WIKA NGKadalah sebagai berikut :

Based on the Deed of Statement of Meeting Resolution No.3

dated February 25, 2000, drawn up and passed before Sarina

Shombing, SH., Notary Public practicing in Regency as second

level regionis Tangerang having its domicile in Ciputat, the

stucture of capitalization and composition of structure of

Shareholders of WIKA NGK shall be as follow:

1,708,240 18,000,270 19,708,510

Perusahaan memiliki 1.708 saham yang merupakan18,70% hak kepemilikan. WIKA NGK Insulator bergerakdalam bidang insulator.

The company has 1,708 shares constituting 18.70% of the

ownership right. WIKA NGK Insulator engages in the business

of providing insulation field.

WIKA NGK didirikan pada tanggal 23 Juli 1987berdasarkan Akta Perseroan Terbatas No.76 dibuat dihadapan Kartini Muljadi, SH. Notaris di Jakartasebagaimana diubah dengan Akta Perubahan AktaPendirian No.5 tanggal 3 Juni 1988, dibuat di hadapanInge Hendarmin, SH., pengganti dari Kartini Muljadi, SH.,Notaris di Jakarta, yang keduanya telah mendapatkanpengesahan dari Menteri Kehakiman Republik Indonesiaberdasarkan Surat Keputusan No.C2-5652-HT.01.01.TH'88 tanggal 2 Juli 1988, serta telah diumumkan dalamTambahan No.816, Berita Negara Republik IndonesiaNo.65 tanggal 12 Agustus 1988.

WIKA NGK shall be established and organized on July 23, 1987

under deed of limited liablity company No. 76 drawn up and

passed before Kartini Muljadi SH, Notary public practicing in

Jakarta as amendmend by deed of amendmend to deed of

establishment No. 5 dated June 3, 1988 drawn up and passed

before Inge Hendarmin, SH., as an alternate notary public for

Kartini Muljadi, SH, Notary public practicing in Jakarta, both

have obtained legalization from Minister of Jutice of the

Republic of Indonesia by the viture of decree of No. C2-5652-

HT.01.01.TH '88 dated July 2, 1988, and promuglated in

suplement No. 861 dated August 12,1988.

14. 14.

53








PT Wijaya Tama Perkasa PT Wijaya Tama Perkasa

Rupiah (Nilai penuh/full amount)

Modal Dasar/Authorized Capital

Pemegang Saham/ShareholdersNominal Rp 1.630.000/ US$ 1.000 per saham/ shares

Saham/Shares Rupiah/ USD %

5,620 Rp 9,160,600,000

- PT Wijaya Karya (Persero) 1,048 Rp 1,708,240,000 18.65% USD 1,048

USD 5,620 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

- Sumitomo Corporation 1,524 Rp 2,484,120,000 27.12% USD 1,524

- NGK Insulator Ltd. 3,048 Rp 4,968,240,000 54.23% USD 3,048

PT Wijaya Tama Perkasa didirikan pada tanggal 1 April2008 berdasarkan Akta Perseroan Terbatas No.04 dibuatdi hadapan Imas Fatimah, SH. Notaris di Jakarta.

PT Wijaya Tama Perkasa shall be duly organized and

established on April 1, 2008 under Deed of Limited Liability

Company No.04 drawn up and passed before Imas

Fatimah,SH. Notariy Public practicing in Jakarta.

Maksud dan tujuan usaha PT Wijaya Tama Perkasaadalah sebagaimana tercantum dalam Anggaran Dasaradalah melaksanakan kegiatan usaha di bidangpenyelenggaraan pembangunan jalan tol, pembangunanprasarana dan sarana dasar (infrastruktur), fasilitaspenunjang jalan, pengembangan lahan-lahan/kawasansekitar jalan tol, melakukan usaha perdagangan umumtermasuk antar pulau, impor, ekspor, distributor danpemasok.

Purpose and Objective of PT Wijaya Tama Perkasa as

contained in Articles of Assocation shall be to implement

businss activities in toll road development, road supporting

facility, land/area surrounding toll road developement, public

trading business including inter island, importing, exporting,

distributor and supplier.

Berdasarkan Akta tersebut, struktur permodalan dankomposisi susunan pemegang saham PT Wijaya TamaPerkasa adalah sebagai berikut :

Pursuant to the aforementioned Deed, the structure of

capitalization and composition of structure of shareholders of

PT Wijaya Tama Perkasa shall be as follows :

Saham dalam Portepel/Portfolio Stock - -

Perusahaan memiliki 15.000 lembar saham yangmerupakan 40% hak kepemilikan. PT Wijaya TamaPerkasa bergerak dalam bidang penyelenggaraan danpengelolaan fasilitas jalan tol.

The company has 15,000 shares constituting 40% of the

ownership right. PT Wijaya Tama Perkasa engaging in the

business of providing of toll road facility development and

management implementation.

Jumlah/Total 5,620 Rp 9,160,600,000 100% - USD 5,620

Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :- PT Wijaya Karya (Persero)Tbk, 15,000 Rp

Pemegang Saham/Shareholders Nilai nominal Rp.1.000.000,- Per saham Saham/Shares

Modal Dasar/Authorized Capital 150,000 Rp 150,000,000,000

15,000,000,000 15,000,000,000 7,500,000,000

40%40%20%

%

Jumlah/Total 37,500 Rp Saham dalam Portepel/Portfolio Stock 112,500 Rp

37,500,000,000 112,500,000,000

100%

- PT Margatama Perkasa 15,000 Rp - PT Kartika Marga Sakti 7,500 Rp

As the change in policy of freeways Surabaya Mojokerto

management, the company has divested on authorized

capital in 2009 at PT Wijaya Tama Perkasa as of Rp

15,000,000,000 (Full amount).

14. 14.

Dengan telah berubahnya kebijakan pengelolaan JalanTol Surabaya Mojokerto, perusahaan telah menarikkembali nilai pernyertaan tahun 2009 sebesar Rp15.000.000.000 (Rupiah penuh) di PT Wijaya TamaPerkasa.

54








PT Marga Kunciran Cengkareng PT Marga Kunciran Cengkareng


- PT Jasa Marga- CMS- PT Wijaya Karya (Persero)Tbk,- PT Nindya Karya- PT Istaka Karya

PT. MARGA NUJYASUMO AGUNG

1,500,135,000 Rp 164,850 1,500,135,000 Rp 164,850

The Company has 120,000,000 shares or 28.24% ownership

of PT Marga Agung Nujyasumo that specializes in planning,

organizing construction of roads, bridges and complement of

freeways and the management of freeways facilities.

Struktur permodalan dan komposisi susunan pemegangsaham PT Marga Nujyasumo Agung adalah sebagaiberikut :

The structure of capitalization and composition of structure of

shareholders of PT Marga Nujyasumo Agung shall be as

follows :

Jumlah/Total 3,297,000 Rp 30,002,700,000 Saham dalam Portepel/Portfolio Stock

5%5%

100%

Perusahaan memiliki 120.000.000 lembar saham yangmerupakan 28.24% hak kepemilikan, PT MargaNujyasumo Agung yang bergerak dalam bidangperencanaan, penyelenggaraan pembangunan jalan,jembatan bangunan pelengkap dan fasilitas jalan tol sertapengelolaan jalan dan fasilitas tol.

Perusahaan memiliki 329.700 lembar saham yangmerupakan 10% hak kepemilikan. PT Marga KunciranCengkareng bergerak dalam bidang penyelenggaraandan pengelolaan fasilitas jalan tol.

The company has 329,700 shares constituting 10% of the

ownership right. PT Marga Kunciran Cengkareng engaging in

the business of providing of toll road facility development and

management implementation.

Maksud dan tujuan usaha PT Marga KunciranCengkareng adalah sebagaimana tercantum dalamAnggaran Dasar adalah melaksanakan kegiatan usaha dibidang penyelenggaraan pembangunan jalan tol,pembangunan prasarana dan sarana dasar(infrastruktur), fasilitas penunjang jalan, pengembanganlahan-lahan/kawasan sekitar jalan tol, melakukan usahaperdagangan umum termasuk antar pulau, impor, ekspor,distributor dan pemasok.

Purpose and objective of PT Marga Kunciran Cengkareng as

contained in Articles of Assocation shall be to implement

businss activities in toll road development, road supporting

facility, land/area surrounding toll road developement, public

trading business including inter island, importing, exporting,

distributor and supplier.

Berdasarkan akta Perjanjian Usaha Patungan No: 03tanggal 20 Februari 2008 dan Akte pendirian perusahaanPT Marga Kunciran Cengkareng (PT MKC) Nomor: 07tanggal 14 Mei 2008, keduanya dibuat dihadapan SuzyAnggraini Muharam, SH. Notaris di Jakarta. Para pihaksepakat untuk memenuhi modal di tempatkan dan disetorsebesar:

Based on the Deed of Joint Venture Agreement No: 03 dated

February 20, 2008 and the Deed of Establishment of Company

of PT Marga Kunciran Cengkareng (PT MKC) number; 07

dated May 14, 2008, both made at notary Suzy Anggraini

Moharram, SH. Notary in Jakarta. The parties agreed to be

placed and paid the capital as follows:

%

1,978,200 Rp 18,001,620,000 329,700 Rp 3,000,270,000

Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

659,400 Rp 6,000,540,000

Pemegang Saham/Shareholders Nilai nominal Rp.9.100,- Per saham Saham/Shares

Modal Dasar/Authorized Capital 3,297,000 Rp 30,002,700,000

20%60%10%

14. 14.

55









TANAH BELUM DIKEMBANGKAN LAND FOR DEVELOPMENT

a.

Tamansari Pelabuhan Ratub.

Tamansari Puri Balic.

Grand Tamansari Samarinda Sebatikd Tamansari Manglayang Regency

ASET TETAP FIXED ASSET

Nilai Tercatat Carrying Value

Kepemilikan langsung Direct Acquisition

Hak atas tanah Landrights

Bangunan Buildings

Prasarna Infrastructures

Perl. kantor Office equipment

Peralatan pabrik dan Project & Plant

proyek equipment

Kendaraan Vehicles

Aset tetap dalam Construction

penyelesaian in progress

Sewa Guna Usaha Leasing

Peralatan pabrik Project equipment

Jumlah Total

Rp 600,000,000,000 Saham dalam Portepel/Portfolio Stock - -

1,818,448 - -

38,030 11,081,873 38,427 11,081,873 600,000 44,025,109 - -

327,666,667 Rp 327,666,667,000 - PT Wijaya Karya (Persero)Tbk, 120,000,000 Rp 120,000,000,000

%

918,823 66,123,559

Pemegang Saham/Shareholders Nilai nominal Rp.1.000,- Per saham Saham/Shares

Modal Dasar/Authorized Capital 600,000,000 Rp 600,000,000,000 Modal Ditempatkan dan Disetor Penuh/ Paid in Capital :

- PT Moeladi 152,333,333

LT Jumlah/Total LT Jumlah/Total

245,921 9,198,129 259,605 10,507,624

Jumlah/Total 600,000,000

152,333,333,000 - PT Jasa Marga

Rp

15. 15.

Tanah yang belum dikembangkan terdiri dari : Land for development consist of :

2009 2008

25.39%

20%54.61%

100%

16. 16.

Rincian aset tetap adalah sebagai berikut : Fixed assets consist of :

2009Saldo Awal/ Penambahan/ Pengurangan / Saldo akhir /

34,872 298,032 21,589,497

88,469,101 11,661,187 - 100,130,288 21,941,816 2,238,078 - 24,179,894

1 January, 2009 Reclassifications Reclassifications 31 December, 2009

116,615,795 419,788 150,000 116,885,583

Beginning Balance Additions Deductions Ending Balance

1 Januari/ Reklasifikasi / Reklasifikasi / 31 Desember/

- 2,000,000 - 2,000,000

504,766,014 45,024,933 7,848,610 541,942,337

3,173,904 - 3,173,904

9,597,076 3,694,315 7,693,055 5,598,336

13,341,259 797,184 - 14,138,443 -

251,627,063 24,214,381 5,555 275,835,889

14. 14.

56







ASET TETAP - Lanjutan FIXED ASSET - Continued

Akumulasi Penyusutan Accumulated depreciation


Bangunan Buildings


Perl. kantor Office equipment


proyek equipment

Kendaraan Vehicles

Sewa Guna Usaha Leasing

Peralatan pabrik Project equipment

Jumlah Total

Nilai Buku Net Book Value

Nilai Tercatat Carrying Value


Hak atas tanah Landrights

Bangunan Buildings


Perlngkapan kantor Office equipment


proyek equipment

Kendaraan Vehicles

Aset tetap dalam Construction

penyelesaian in progress

Jumlah Total

Akumulasi Penyusutan Accumulated depreciation


Bangunan Buildings


Perlngkapan kantor Office equipment


proyek equipment

Kendaraan Vehicles

Jumlah Total

Nilai Buku Net Book Value

10,824,083 1,274,623 70,131 12,028,575

122,150,120 34,238,492 3,228,856 153,159,756

28,377,192 5,555,533 - 33,932,725 5,343,677 2,322,594 1,006 7,665,265

2008

Saldo Awal/ Penambahan/ Pengurangan / Saldo akhir /

168,888,168 44,146,733 3,299,993 209,734,908

335,877,846 332,207,429

2,193,096 245,298 - 2,438,394

- 510,193 - 510,193

44,145,282 44,323,819 - 88,469,101 7,412,508 14,529,308 - 21,941,816

1 January, 2008 Reclassifications Reclassifications 31 December, 2008

114,592,031 2,023,764 - 116,615,795

Beginning Balance Additions Deductions Ending Balance

1 Januari/ Reklasifikasi / Reklasifikasi / 31 Desember/

376,790,976 139,465,044 11,490,005 504,766,014

22,105,270 6,271,922 - 28,377,192

3,050,499 123,405 - 3,173,904

21,087,081 - 11,490,005 9,597,076

10,895,517 2,445,742 13,341,259

175,608,057 76,019,006 - 251,627,063

131,290,003 37,598,165 - 168,888,168

245,500,972 335,877,846

95,454,243 26,695,877 - 122,150,120 581,223 1,611,873 - 2,193,096

4,312,252 1,031,425 - 5,343,677 8,837,016 1,987,067 - 10,824,083

Beban penyusutan untuk tahun 2009 dan 2008 masing-masing sebesar Rp 44.146.733 dan Rp 37.598.165 .

Depreciation expenses in 2009 and 2008 respectively is Rp

44,146,733 and Rp 37,598,165.

Seluruh aset tetap dimiliki oleh perusahaan All fixed assets are owned by the company

16. 16.

57








PT Asuransi Himalaya PelindungPT Asuransi Himalaya PelindungPT Asuransi Jasa Raharja PuteraPT Asuransi Jasa Raharja PuteraPT Asuransi Jasa IndonesiaPT Asuransi Jasa Indonesia

PST.0102/2009-00199 26/08/09 - 26/08/10 642,026 PST.0102/2009-00199 26/08/09 - 26/08/10 4,835,140

2009Penanggung/ Nomor Polis Jangka Waktu/ Nilai Pertanggungan/

Insurance Company Policy Number Terms Insurance Coverage

Aset tetap perusahaan, kecuali tanah, telah diasuransikandengan Polis Standar Kebakaran Indonesia dengan nilaipertanggungan sebagai berikut :

The fixed asset of the company, except landrights, are covered

by Indonesian Fire Standard Policy under the following

insurance coverage :

94,373,637

2008Penanggung/ Nomor Polis Jangka Waktu/ Nilai Pertanggungan/

203.204.300.09.0056 20/06/09 - 20/06/10 11,560,581 203.204.300.09.0057 20/06/09 - 20/06/10 48,001,190

02.00.12.09.00416/09 10/09/09 - 10/09/10 270,000 02.00.12.09.00417/09 10/09/09 - 10/09/10 29,064,700

PT Asuransi Umum Mega IP.01.01.08.002638 20/10/08 - 20/10/09 675,600 PT Asuransi Himalaya Pelindung PST.0102/2007 - 00132 26/08/08 - 26/08/09 642,026

PT Asuransi Jasa Indonesia 209.482.200.08.001

Insurance Company Policy Number Terms Insurance Coverage

PT Asuransi Umum Mega IP.01.01.08.002637 20/10/08 - 20/10/09 2,469,100

PT Asuransi Jasa Raharja Putera 02.00.13.07.00421/09 10/09/08 - 10/09/09 29,064,700 PT Asuransi Jasa Raharja Putera 02.00.13.07.00422/09 10/09/08 - 10/09/09 29,064,700

Aktiva tetap berupa tanah yang berlokasi di Boyolalidijaminkan atas fasilitas kredit modal kerja PT WikaBeton pada Bank Niaga (lihat catatan 20).

14/01/08 - 14/01/09 9,538,700 PT Asuransi Jasa Indonesia 203.204.300.08.063 20/06/08 - 20/06/09 18,058,481

26/08/08 - 26/08/09 4,835,140 PT Asuransi Jasa Indonesia 203.204.300.07.0081 12/06/08 - 12/06/09 12,904,180

Fixed asset in form of land located in Boyolali shall be

warranted PT Wika Beton for credit facility of working capital in

Bank Niaga (please see note 20).

Aktiva tetap berupa tanah (17 Sertifikat HGB) dijaminkanoleh PT WIKA Realty atas fasilitas kredit modal kerjapada Bank BTN (lihat catatan 20).

Fixed asset in from of land (17 certivicates of Building Premint)

shall be warranted by PT Wika Reality for credit facility in Bank

BTN (please see note 20).

107,252,627

Manajemen berpendapat bahwa nilai pertanggungan atasaset tetap yang diasuransikan adalah cukup untukmenutup kemungkinan kerugian yang terjadi.

Management believes that the insurance coverage is adequate

to cover possible losses arising from such risk.

Aktiva tetap berupa tanah yang berlokasi di Deli Serdangdan Lampung Selatan dijaminkan atas fasilitas kreditmodal kerja PT WIKA Beton pada Bank Mega (lihatcatatan 20).

Fixed asset in form of land located in Deli Serdang and South

Lampung shall be warranted by PT Wika Beton for credit

facility of working capital in Bank Mega (please see note 20).

Aktiva tetap berupa tanah yang berlokasi di Cipinang,Karangrejo dan Kembang Kuning dijaminkan atasfasilitas kredit modal kerja PT Wika Beton pada BankMandiri (lihat catatan 20).

Fixed asset in form of land located in Cipinang, Karang Rejo

and Kembang Kuning shall be warranted PT Wika Beton for

credit facility of working capital in Bank Mandiri (please see

note 20).

PT Asuransi Himalaya Pelindung PST.0102/2007 - 00132

16. 16.

58








Cost Calculation Approach (Cost Approach)

Aktiva tetap berupa peralatan dan mesin senilai Rp5.000.000.000 (Rupiah penuh) dijaminkan oleh PT WikaBeton pada Bank Niaga (lihat catatan 20).

Fixed asset in form of equipment and machine amounting to Rp

5,000,000,000 (Full amount) shall be warranted PT Wika Beton

in Bank Niaga (please see note 20).

PT Wika Intrade melakukan revaluasi atas kelompokasset bangunan sesuai dengan PSAK 16 (revisi tahun2007) pada tanggal 10 Desember 2009 atas dasarCertificate Of Appraisal dengan nomor 086.1/IAI-1/LP/XII/2009 yang dikeluarkan oleh Kantor Jasa PenilaiPublik Iskandar Asmawi Imam dan Rekan.

PT Wika Intrade revaluated its asset of building in accordance

with PSAK 16 (revised in 2007) on December 10, 2009. Base

on a Certificate of Appraisal No. 086.1/IAI-1/LP/XII/2009 issued

by the Office of Public Appraisal Services Iskandar Asmawi

Imam and Partners.

Dalam melakukan penilaian, KJPP Iskandar AsmawiImam & Rekan menggunakan metode:

In conducting the revaluation, KJPP Iskandar Asmawi Imam &

Partner using the method:

Comparison Market Data Approach (Market Data

Approach)

Pendekatan ini mempertimbangkan jumlah biaya yang harus dikeluarkan untuk memproduksi propertipengganti baru berdasarkan harga pasar yangberlaku saat ini untuk bahan-bahan, tenaga kerja,biaya pemborong, keuntungan dan pembayaranlainnya, tetapi tidak memperhitungkan adanya kerjalembur, bonus bagi tenaga kerja serta premi untukbahan-bahan, kemudian dikurangi denganpenyusutan yang dihitung berdasarkan kondisi yangterlihat (observed condition ) yang digambarkan olehpersepsi pasar atas kemunduran kondisi dari propertitersebut disamping mengadakan penyelidikanterhadap manfaat yang ada sekarang, biladibandingkan dengan unit baru sejenis yangmenyangkut kapasitas dan kegunaan properti yangbersangkutan.

Aktiva tetap berupa peralatan berat pada peralatanproyek senilai Rp 9.538.000.000 (Rupiah penuh)dijaminkan pada Bank Mandiri (lihat catatan 20).

Fixed asset in form of heavy equipment on project amounting to

Rp 9,538,000,000 (Full amount) shall be warranted in Bank

Mandiri (please see note 20).

This approach considers the cost to produce a new

replacement property based on prevailing market prices

current for materials, labor, contractor costs, benefits and

other payments, but does not take into account any

overtime, bonuses for labor and the premium for

materials, then reduced with depreciation calculated

based on the visible conditions (observed condition)

which describes the decline of the market's perception of

the condition of the property in addition to an investigation

of existing benefits, when compared with similar new units

concerning the capacity and utility property concerned.

Asumsi yang digunakan dalam penilaian properti adalahsebagai berikut:

Assumptions is used in the revaluation of property are as

follows:

1.

Dengan pendekatan ini, diperhatikan penjualan-penjualan yang terjadi bila ada, pencatatan-pencatatan, wawancara-wawancara dengan orang-orang atau pejabat-pejabat dan pemilik-pemilikproperti sejenis lainnya yang mengetahui denganbenar mengenai nilai-nilai properti sejenis, sertapenawaran-penawaran sebanding. Data tersebutkemudian dianalisa dan dilakukan perbandinganterhadap perbedaan-perbedaan antara properti yangsebanding, kemudian diadakan penyesuaian.

With this approach, noted that sales happen when there

is, the recording-recording, interviews with the people or

officials and the owners of other similar property right to

know about the values of similar properties, and offers

comparable. The data is then analyzed and made

comparison of the differences between the comparable

properties, and then held adjustments.

2. Pendekatan Kalkulasi Biaya (Cost Approach ) 2.

16. 16.

1. Pendekatan Perbandingan Data Pasar (Market Data

Approach )

59








SETORAN DANA KERJA SAMA OPERASI OPERATION COOPERATION FUND DEPOSIT

JO WIKA-IKPT-Adhi Karya (TPPI) JO WIKA-IKPT-Adhi Karya (TPPI)

JO WIKA-Waskita (Cikapayang) JO WIKA-Waskita (Cikapayang)

JO WIKA-Mirai (Amandit) JO WIKA-Mirai (Amandit)

2. Dalam melakukan penilaian, telah dilaksanakaninspeksi untuk keperluan penilaian, kecualidinyatakan lain dalam laporan dan tanggal penilaian(cut of date ) ditetapkan pada tanggal terakhirinspeksi. Tanggal penilaian adalah tanggal dimanaperkiraan nilai tersebut berlaku dan kamimenganggap bahwa sejak tanggal dimulai hinggaakhir inspeksi tidak ada kejadian atau peristiwa luarbiasa yang mempengaruhi nilai.

2. In conducting assessments, inspections have been

carried out for assessment purposes, unless otherwise

stated in the report and the date of assessment (the cut of

date) set at the last date of inspection. Assessment date

is the date on which the value estimate applies, and we

assume that the starting date until the end of the

inspection there was no incident or extraordinary events

that affect the value.

3. Penilaian ini berlaku terbatas pada tanggal penilaiandan pendapat mengenai kondisi penggunaan danhunian didasarkan hasil pengamatan pada tanggalinspeksi.

3. This assessment applies is limited to the date of

assessment and opinion on the use and occupancy

conditions based on observations of the inspection.

1. Semua informasi yang diberikan oleh sumber laporandapat dipertanggung jawabkan. Bila ternyataanggapan tersebut tidak sesuai dengan halsesungguhnya, maka diluar tanggung jawab Penilai.

1. All information provided by the source of reliable reports.

If these assumptions were inconsistent with the real thing,

it is beyond the responsibility of Appraisers.

Nilai buku properti yang di nilai per 30 Nopember 2009adalah sebesar Rp 12.397.268.209 (Rupiah penuh) yangterdiri atas tanah sebesar Rp 3.919.371.120 (Rupiahpenuh) dan bangunan sebesar Rp 8.477.897.089 (Rupiahpenuh).

Net book value of the property value as of November 30, 2009

was Rp 12,397,268,209 (Full amount) which are land of Rp

3,919,371,120 (Full amount) and buildings of Rp 8,477,897,089

(Full amount).

PT Wika Intrade telah mencadangkan Pajak Penghasilanatas selisih revaluasi sebesar 10% dari surplus revaluasiyaitu sebesar Rp 1.249.039.179 (Rupiah penuh).

PT Wika Intrade has reserved the income tax on revaluation

difference of 10% of the revaluation surplus is Rp

1,249,039,179 (Full amount).

17. 17.

4. Penilai beranggapan bahwa bagian-bagian propertiyang tidak diinspeksi tidak memiliki kerusakaan yangberarti dan tidak menyebabkan perubahan nilai.

4. Appraiser assume that the parts are not inspected the

property has no significant damage and did not cause

changes in value.

Berdasarkan pertimbangan-pertimbangan pokok yanglazim digunakan dalam penilaian serta memperhatikansemua keterangan, nilai wajar dari properti yang dinilaiadalah sebesar Rp 24.887.660.000 (Rupiah penuh).

Based on basic considerations commonly used in the

assessment and with regard to all the information, the fair value

of the property is valued at Rp 24,887,660,000 (Full amount).

- 3,846,246 8,960,098 22,697,111

Akun ini merupakan setoran dana kerjasama operasidengan pihak lain, dengan rincian sebagai berikut :

This account shall constitute Joint operation fund deposit made

with such other parties under the following detail specification :

2009 2008

48,972,543 24,510,720

16. 16.

60







SETORAN DANA KERJA SAMA OPERASI - Lanjutan OPERATION COOPERATION FUND DEPOSIT - Continued

JO WIKA-Pelita (Cut Nyak Dien) JO WIKA-Pelita (Cut Nyak Dien)

JO WIKA-Adhi Karya (Btng Tongar) JO WIKA-Adhi Karya (Batang Tongar)

JO WIKA-Hutama-Waskita-

Adhi Karya (Suromadu BT Tengah)

JO WIKA-BK (Bawakaraeng Thp 2) JO WIKA-BK (Bawakaraeng Tahap 2)

JO WIKA (SuramaduCauseway-Sby) JO WIKA (Suramadu Causeway sisi Sby)

JO WIKA-Pelita (Ulee-Lheu) JO WIKA-Pelita (Ulee-Lheu)

JO WIKA-DGI (Kanjiro) JO WIKA-DGI (Kanjiro)

JO WIKA (Sungai Ular) JO WIKA (Sungai Ular)

JO WIKA-PP-Hutama (Jati Gede) JO WIKA-PP-Hutama (Jati Gede)

JO WIKA-Himpun Karya(S.Kayan) JO WIKA-Himpun Karya (Sungai Kayan)

JO WIKA-Bumi Intan (Sarmi) JO WIKA-Bumi Intan (Sarmi)

JO WIKA-Hazama

(Sabodam Bawakaraeng)

JO WIKA (Liang Anggang Pelaihari) JO WIKA (Liang Anggang Pelaihari)

JO WIKA-Brantas-Mahir(JLB Sulsel) JO WIKA-Brantas-Mahir (JLB Sulsel)

JO WIKA-PP (FO Cengkareng) JO WIKA-PP (FO Cengkareng)

JO WIKA-PP BngawanSolo JaTeng JO WIKA-PP Bengawan Solo JaTeng

JO WIKA-Shimitzu, Sabo Dam Merapi - JO WIKA-Shimitzu, Sabo Dam Merapi -

Jawa Tengah Jawa Tengah

JO WIKA-Shimitzu, Jatibarang JO WIKA-Shimitzu, Jatibarang

JO WIKA-PP GOR Pekanbaru JO WIKA-PP GOR Pekanbaru

JO WIKA-Pelita JN 46 Tapak Tuan JO WIKA-Pelita JN 46 Tapak Tuan

Air Limbah Denpasar Air Limbah Denpasar

JO WIKA-Pang. Lada-Pang. Bun JO WIKA-Pangkalan Lada-Pangkal Bun

JO WIKA-Nindyakarya, Cikro Girder JO WIKA-Nindyakarya, Cikro Girder

JO WIKA-Tectona-Inti,Jmbtan Timur JO WIKA-Tectona-Inti, Jembatan Timur

JO WIKA-Adhikarya Tuban Aromatic JO WIKA-Adhikarya Tuban Aromatic

JO WIKA-Raden Panji Suprapto JO WIKA-Raden Panji Suprapto

Setoran KSO lainnya di bawah Others JO Deposit fund under

Rp.1 Milyar Rp 1 BillionJumlah Total

GOODWILL GOODWILL

Nilai perolehan/ cost =Didistribusikan/ Distributed :

Setoran modal/ Paid in capital : =Saldo laba/ Retained Earnings : =

Jumlah/Total

Goodwill

Amortisasi goodwill/Goodwill amortization

Nilai bersih goodwill/Net book goodwill

17. 17.

- 4,983,238 JO WIKA-Hutama-Waskita-AdhiKarya (Suromadu BT Tengah) 31,989,442 29,222,836

5,391,615 149,002

- 702,871

3,627,232 1,418,436 JO WIKA - Hazama (SabodamBawakaraeng) - 2,952,611

- 1,098,532

2,629,283 1,875,292 (19,587,903)

6,140,458 1,630,244

3,658,473 5,380,029 - (100) - 1,375,603

(4,046,747) - 3,790,533 -

(5,000,000) - 2,062,853 -

7,478,133 - 1,375,729 -

13,080,417 7,864,434 5,139,882 1,086,966

(1,539,295) -

Setoran Dana Kerjasama terdiri dari setoran modal danbagian laba (rugi) JO yang diakui.

Joint Operation fund deposit consists of capital deposit and

profit (loss) allocation of JO as recognized.

18. 18.

4,251,538 - 2,552,996 3,547,766

142,774,616 94,753,932

2,188,350 - 1,680,831 -

(1,609,748) -

10,048,964

11,981,009 70.08% 8,396,291 8,834,291

12,561,205

2,512,241

Akun ini merupakan goodwill yang berasal dari akuisisiPT Wijaya Karya Insan Pertiwi, yang dibeli di atas nilaibuku, dengan perhitungan sebagai berikut :

This account of constitute goodwill from acquisition of PT

Wijaya Insan Pertiwi, which is acquired over book value, with

calculation as follows :

21,395,497

625,000 70.08% 438,000

61







ASET LAIN-LAIN OTHER ASSETS

Keanggotaan Golf Club Golf Club membership

Aset tetap yang tidak digunakan Non operational assets

Persediaan Slow Moving Slow moving inventories

Aset Eks Proyek Aceh Equipment ex project

Properti Klub : Club Property

Taman Sari Persada Raya Taman Sari Persada Raya

Taman Sari Persada Kemala Taman Sari Persada Kemala

Taman Sari Persada Bogor Taman Sari Persada Bogor

Taman Sari Persada Bali Taman Sari Persada Bali

Taman Sari Bukit Bandung Taman Sari Bukit Bandung

Aset Eks Bisnis Unit Metal dan Dies Assets ex Business Unit Metal & Dies

Aset Eks Proyek Pasopati DSUI Assets ex project of DSUI

Beban ditangguhkan Deferred charges

Lain-lain OthersJumlah Total

19. 19.

Rincian aset lain-lain adalah sebagai berikut : Details other assets consist of :

2009 2008

5,132,748 7,496,876 2,235,431 3,353,143

1,763,018 1,784,370 16,913,325 16,929,011 3,438,000 3,438,000

712,293 3,002,018

14,897,308 14,941,755 3,077,884 3,092,796

708,280 708,280 12 12

2,019,523 146,880

Aset lain-lain Property Club Tamansari merupakanfasilitas milik PT Wijaya Karya (Persero) Tbk yang adapada masing-masing kawasan Tamansari yangpengelolaannya diserahkan kepada PT Wika Realty.

Other Assets Tamansari Club Property is a facility owned by PT

Wijaya Karya (Persero) Tbk available in each area of

management Tamansari submitted to PT Wika Realty.

Berdasarkan hasil apraisal dari Kantor Jasa Penilai PublikIskandar Asmawi Imam & Rekan Registered PublicAppraisers No. 2.08.0029 SK. MenkeuNo.262/KM.1/2008, nilai ekonomis dari sebagian propertitersebut terinci sebagai berikut :

Based on the results of valuation of Public Appraiser Services

Office of Iskandar Asmawi Imam & Partner. Registered No.

Appraisers. 2.08.0029 SK. Finance No.262/KM.1/2008, the

economic value of the property are detailed in part as follows:

Properti Klub Tamansari Persada Raya (LT 15.860 m2)sesuai Certificate of Appraisal No.072.1/IAI-1/LP/XI/2009tanggal 13 November 2009, nilai ekonomis = Rp22.062.200.000 (Rupiah penuh).

Property Club Raya Tamansari Persada (LT 15,860 m2)

according to the Certificate of Appraisal No.072.1/IAI-

1/LP/XI/2009 November 13, 2009, the economic value = Rp

22,062,200,000 (Full amount).

Keanggotaan golf club merupakan biaya perolehan hakpakai keanggotaan klub golf, dengan tujuan sebagaisarana pemasaran. Terhadap biaya perolehanKeanggotaan golf club ini tidak diamortisasi karena masaberlaku keanggotaannya tidak dibatasi, dan dapatdipindahtangankan.

The membership of golf club shall constitute right to use for the

membership of golf club, intended to be as means for

marketing. Acquisition cost of golf club membership shall not be

amortized due to indefinite period and it may be transferred.

Aset tetap yang tidak digunakan, merupakan aset tetapex Divisi Mould dan Polymer (DMP).

Fixed asset that is not used shall constitute former fixed asset

owned by Mould and Polymer Division (DMP).

Aset tetap lain-lain Property Club Tamansari merupakanfasilitas milik PT Wijaya Karya (Persero) Tbk yang adapada masing-masing kawasan Tamansari, yangpengelolaannya kepada PT Wika Realty.

Other assets i.e. Tamansari Club Property shall constitute

facility owned by PT Wijaya Karya (Persero) Tbk so available in

each Tamansari area in which management is conducted by PT

Wika Realty,

1,748,546 1,926,275 277,865 183,097

52,924,232 57,002,513

62







ASET LAIN-LAIN - Lanjutan OTHER ASSETS - Continued

PINJAMAN JANGKA PENDEK SHORT-TERM LOAN

Pokok Pinjaman Principle


PT BRI (Persero) Tbk PT BRI (Persero) Tbk

PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk

PT BNI (Persero) Tbk PT BNI (Persero) Tbk



PT Bank Bukopin Tbk PT Bank Bukopin Tbk

PT Bank Mega Tbk PT Bank Mega Tbk

PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

PT Bank Danamon Tbk PT Danamon Tbk

PT Panin Tbk PT Bank Panin Tbk

PT Bank Central Asia PT Bank Central Asia

Lembaga keuangan non bank Non-bank financial institutions

PT Daksa Kalimantan Putra PT Daksa Kalimantan Putra


Jumlah Total

PT WIJAYA KARYA (Persero), Tbk. PT WIJAYA KARYA (Persero), Tbk.

PT Bank Mega Tbk. PT Bank Mega Tbk.

19. 19.

10,227,377 14,998,947 72,777,213 392,861,403

Rincian pinjaman jangka pendek adalah sebagai berikut : Details of short-term loans are as follows :

2009 2008

- 46,513,501

a.

62,549,836 331,348,955

Properti Klub Tamansari Pesona Bali Tangerang Banten(LT 37.575 m2) sesuai Certificate of AppraisalNo.072.2/IAI-1/LP/XI/2009 tanggal 13 November 2009,nilai ekonomis = Rp 37.816.900.000 (Rupiah Penuh).

Property Club of Tamansari Pesona Bali Tangerang Banten (LT

37,575 m2) according to the Certificate of Appraisal

No.072.2/IAI-1/LP/XI/2009 November 13, 2009, the economic

value = Rp 37,816,900,000 (Full amount).

Properti Klub Tamansari Persada Bogor (LT 3.845 m2)sesuai Certificate of Appraisal No.072.3/IAI-1/LP/XI/2009tanggal 13 November 2009, nilai ekonomis = Rp8.251.100.000 (Rupiah penuh).

Property Club Bogor Tamansari Persada (LT 3845 m2)

according to the Certificate of Appraisal No.072.3/IAI-

1/LP/XI/2009 November 13, 2009, the economic value = Rp

8,251,100,000 (Full amount).

20. 20.

156,503,407 603,838,743

a.

2,000,000 -

39,768,857 - 83,726,194 210,977,340

Perjanjian kredit dengan Bank Mega ini mengacu padasurat pemberitahuan persetujuan perubahan kondisifasilitas kredit dari Bank Mega No. 282/CRB2/09 tanggal18 Juni 2009 atas Akta Perubahan X No.07 tanggal 4 Mei2007 dengan komposisi fasilitas pinjaman RekeningKoran sebesar Rp 5.000.000.000 (Rupiah penuh), BankGaransi Line sebesar Rp 500.000.000.000 (Rupiahpenuh). Atas pinjaman Rekening Koran dan Kredit ModalKerja Tanpa Schedule dikenakan bunga floating rate

sebesar 13% per tahun.

Based on the approval notification letter of credit facility

conditions change from the Bank Mega No. 282/CRB2/ 09

dated June 18, 2009 Changes to the Deed No.07 dated X May

4, 2007 with the composition of the Current Account loan

facility amounting to Rp 5,000,000,000 (Full amount), Bank

Guarantee Line Rp 500,000,000,000 (Full amount). Current

Account on the loan and Working Capital Loan Without

Schedule subject to floating interest rate of 13% per year.

41,344,859 29,322,443 - 98,170,940 - 59,300,000

5,000,000 612,478 19,183,957

63







PINJAMAN JANGKA PENDEK - Lanjutan SHORT-TERM LOAN - Continued

a.

a.

b.

b.

c.

c.

PT Bank Mandiri (Persero) Tbk. PT Bank Mandiri (Persero) Tbk.

1.

1.

2.

2.

3 3.

This loan shall be guaranteed by trade receivable of Rp

60,000,000,000 (Full amount) and land right located in

Bekasi, Bandung, Surabaya and land right in the name of the

subsidiary company, PT Wijaya Karya Beton located in Deli

Serdang and South Lampung with the following detail

specification:

Sertifikat atas tanah HGB N0. 21/Kel.GayunganSurabaya, yang tercatat atas nama Perseroan.

Certificate of Land for Building Right No.21/Kel.

Gayungan Surabaya as recorded in the name of the

Company.

Sertifikat atas tanah HGB N0.0410/Kelapa Dua WetanJakarta Timur, yang tercatat atas nama Perseroan.

Certificate of Land for Building Right No.0410.Kelapa Dua

Wetan Ciracas East Jakarta as recorded in the name of

the Company.

Fasilitas Bank Garansi hanya untuk tambahan modalkerja atas pekerjaan yang diterima dan digunakan untukmemenuhi syarat dalam setiap pekerjaan yang didapat.Total fasilitas bank dari Bank Mega Rp 505.000.000.000(Rupiah penuh). Masa berlaku perjanjian sampai dengan5 Juli 2010.

Bank Guarantee Facility for additional working capital for the

work accepted and used to meet the requirements of each job

obtained. Total bank facilities from the Bank Mega Rp

505,000,000,000 (Full amount). Period of validity of the

agreement until July 5, 2010.

Akta Perjanjian Pemberian Fasilitas Non Cash Loan

No. KP-CRO/015/PNCL/2008 yang telah mengalamiaddendum sebanyak I kali terakhir denganNo.TOP.CRO/CLA.155/ADD/2009 tanggal 3 Juni 2009dengan batas Non Cash Loan sebesar Rp1.500.000.000.000 (Rupiah penuh).

Deed of agreement for the grant of Non Cash Loan

Facility No. KP-CRO/015/PNCL/2008 has been added in I

(One) times is most recently by

No.TOP.CRO/CLA.155/ADD/2009 dated June 3, 2009

with limit Non Cash Loan of Rp 1,500,000,000,000 (Full

amount).

Sertifikat atas tanah HGB N0. 1414/CipinangCempedak Jakarta Timur, yang tercatat atas namaPerseroan.

Certificate of Land for Building Right No.1414/Cipinang

Cempedak East Jakarta as recorded in the name of the

Company.

Akta Perjanjian Kredit Modal Kerja (Transaksional) No.KP-COD/026/PK.KMK/2005 No.32 tanggal 22September 2005 telah mengalami addendum sebanyak6 kali terakhir dengan No.TOP.CRO/CLA.156/ADD/2009 tanggal 3 Juni 2009dengan limit kredit tetap sebesar Rp 250.000.000.000(Rupiah penuh).

Deed of agreement of Working Capital Credit

(Transactional) No.KP-COD/026/PK.KMK/2005 No.32

dated September 22, 2005 has been added in 6 (Six)

times as most recently by No.

TOP.CRO/CLA.156/ADD/2009 dated June 3, 2009 with

fixed credit limit of Rp 250,000,000,000 (Full amount).

KMK Revolving No. KR-CRU/009/PK.KMK/2001 No.22tanggal 11 Mei 2001 telah mengalami addendum

sebanyak 10 dalam addendum X atas KMK RevolvingNo. KR-CRU/009/PK.KMK/2001 tertuang dalam SuratNo. TOP.CRO/CLA.153/ADD/2009 tanggal 3 Juni 2009dengan limit kredit sebesar Rp 60.000.000.000 (Rupiahpenuh).

KMK revolving No. KR-CRU/009/PK.KMK/2001 No.22

dated May 11, 2001 has been added in 10 (Ten) times in

addendum X dor KMK revolving No.KR-

CRU/009/PK.KMK/2001 entered into in letter

No.TOP.CRO/CLA.153/ADD/2009 dated June 3, 2009

with credit limit of Rp 60,000,000,000 (Full amount).

b. b.

Pinjaman ini dijamin dengan Piutang Usaha senilai Rp60.000.000.000 (Rupiah penuh) dan hak atas tanah yangberlokasi di Bekasi, Bandung, Surabaya, dan hak atastanah atas nama anak Perusahaan, PT Wijaya KaryaBeton, yang berlokasi di Deli Serdang dan LampungSelatan, dengan rincian sebagai berikut:

20. 20.

64








Syarat dan ketentuan sebagai berikut : The terms and conditions shall be set forth as follows :

- -

- -

- -

- -

- -

Main Collateral

- -

- -

- -

Agunan Tambahan Additional Collateral

- -

- -

- -

- -

The debtor shall be obliged to pay interest to Bank of 13%

per annum and shall be effectively paid on the 23rd of

each the month.

Memperpanjang fasilitas NCL selama 1 tahun danmemberikan tambahan fasilitas NCL sebesar Rp1.500.000.000.000 (Rupiah penuh).

20.

All inventory/good stock owned by the Debtor of Rp

53,338,382,399 (Full amount) pursuant to Deed of

fiduciary securlty No.W7-312.AH.05.02.TH.2009/P

dated March 13, 2009.

Certificate of land Right No.0444/ Ciracas-Kelapa

Dua Wetan registered in the name of the company.

Omset kontrak proyek milik debitur sebagaimana ternyata dalam suatu daftar terdiri dengan nilaiobjek dan penjaminan sebesar Rp1.853.702.353.697 (Rupiah penuh) yangtertuang dalam akta Cessie atau omset kontrakproyek sebagai jaminan dengan akta No.16tanggal 27 Nopember 2006.

The turnover of project contract hold by the debtor as

transpired in separate list with object and loan value

of Rp 1,853,702,353,697 (Full amount) as entered

into in Deed of Cessie for the Turnover of project

contract as security under Deed No.61 dated

December 27, 2006.

2.

Certificate of land Right No.3903/ Jakasampurna -

Bekasi, as registered in the name of the company.

Sertifikat atas tanah HGB No. 0444/ CiracasKelapa Dua Wetan yang tercatat atas namaperseroan.

To extend NCL facility within 1 year of Rp

1,500,000,000,000 (Full amount).

Mengubah ketentuan tentang Agunan dengan rinciansebagai berikut :

To change terms and conditions with regard to mortgage

under the following detail specification :

Fasilitas yang tertuang dalam perpanjangan ini adalahKMK Revolving sebesar Rp 60.000.000.000 (Rupiahpenuh).

Facility as entered into in this extension shall be Rp

60,000,000,000 (Full amount).

Perpanjangan jangka waktu Fasilitas KMK LAMAselama 1 tahun terhitung sejak tanggal 11 Mei 2009sampai dengan 10 Mei 2010.

Extension of period for KMK LAMA FACILITY shall be

within 1 (one) years as of May 11, 2009 until May 10,

2010.

Seluruh persediaan / stock barang milik debiturdengan nilai Rp. 53.338.382.399 (Rupiah penuh)sesuai akta jaminan fidusa No. W7-312.AH.05.02.TH.2009/P tanggal 31 Maret2009.

Receivable/bill on the basis of projected contract hold

be the Debtor amounting to Rp 1,230,290,962,612

(Full amount) pursuant to fiduciary security No.W7-

313.AH05.02.TH.2007/P dated March 13, 2009.

Sertifikat atas tanah HGB No.205/ Karangrejo,yang tercatat atas nama perseroan.

Debitur wajib membayar bunga kepada Bank sebesar13% per tahun dan wajib dibayar efektif pada tanggal 23 setiap bulannya.

Certificate of land Right No.205/ Karangrejo

registered in the name of the company.

20.

2.

Sertifikat atas tanah HGB No.1174/ Cipinangcempedak, yang tercatat atas nama perseroan.

Certificate of land Right No.1174/ Cipinang

Cempedak registered in the name of the company.

1. Agunan Utama 1.

Piutang/atau tagihan berdasarkan proyek yangdimiliki debitur dengan nilai Rp1.230.290.962.612 (Rupiah penuh) sesuai aktajaminan fidusia No. W7-313.AH05.02.TH.2007/Ptanggal 13 Maret 2009.

Sertifikat atas tanah HGB No.3903/Jakasampurna - Bekasi, yang tercatat atasnama perseroan.

65








- -

- -

PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank Rakyat Indonesia (Persero) Tbk.

1.

1

2.

2

3.

3

4.

4

Muara Karang Gas Power Plant 1 Muara Karang Gas Power Plant

2

3

4

Tingkat suku bunga per tahun adalah sebesar 13%. Annual Interest Rate shall be 13% (subject to review)

Tambahan Kredit Modal Kerja ini digunakan khusus untukproyek proyek sebagai berikut :

Additional Working Capital Loan are used exclusively for the

projects as follows:

Infrastruktur penanganan luapan lumpur lapindo paket 3dari pejabat pembuat komitmen penanganan luapanlumpur di Surabaya

Infrastructure lapindo mudflow handling package from the

government officials who made 3 commitment mudflow

handling in Surabaya

Fasilitas Kredit Modal Konstruksi Plafond Pseudo R/Kdengan Max. Co menurun sesuai dengan penyelesaianproyek dengan limit fasilitas kredit sebesar Rp100.000.000.000 (Rupiah penuh).

Plafond Construction Working Capital Credit Facility of

Pseudo R/K with Max.Co decreasing accordance with the

complation of the project with the limit credit facility of Rp

100,000,000,000 (Full amount).

Fasilitas Bank Garansi sebesar Rp 1.500.000.000.000(Rupiah penuh) yang akan di gunakan sebagaitambahan modal kerja proyek-proyek yang di tanganiPT Wijaya Karya (Persero) Tbk.

Facility of Bank Garansi shall be Rp 1,500,000,000,000

(Full amount) that shall be required asd additional working

capital for the project as signed by PT Wijaya Karya

(Persero) Tbk.

Jangka waktu fasilitas kredit berlaku terhitung sampaidengan 30 November 2010.

The Period of credit facility shall be effective until

November 30, 2010.

Sertifikat atas tanah HGB No.0436/ CiracasKelapa Dua Wetan yang tercatat atas namaperseroan.

Certificate of land Right No.0436/ Ciracas-Kelapa

Dua Wetan as registered in the name of the

company.

Seluruh peralatan alat berat yang terdiri dari 1(satu) unit launcher beam,1 (satu) unit slip formpaver dan 2 (dua) unit tower crane, dengan nilaisebesar Rp 9.538.000.000 (Rupiah penuh) yangtelah diikat dengan akta jaminan fidusia No.45tanggal 15 Februari 2008.

All engineering equipments such as 1 (one) unit of

launcher beam,1 (one) unit of slip form paver, 1 (one)

unit of tower crane, of Rp 9,538,000,000 (Full amount

) as lawfully bound by Deed of fiduciary security

No.45 dated February 15, 2008.

Perusahaan telah mendapat persetujuan perpanjanganperjanjian Kredit dengan PT Bank Rakyat Indonesia (BRI)nomor R.II.14-ADK/DKR/01/2009 yang dituangkan dalamAkta No.54 tanggal 27 Februari 2009. Pihak bank telahmenyetujui fasilitas Kredit Modal Kerja Konstruksi PlafondPT Wijaya Karya (Persero) Tbk. sebagai berikut:

The Company has obtained approval for the extension of

agreement of Credit with PT Bank Rakyat Indonesia (BRI)

number R.II.14-ADK/DKR/01/2009 as entered into in Deed

No.54 dated February 27, 2009. The creditor has agreed on

approval letter of Plafond Construction Working Capital

Credit Facility of PT Wijaya Karya (Persero) Tbk as follows :

12

Pembangkit Listrik Tenaga Uap (PLTU) 2 BantenLabuan untuk Civil Work dari PT. PLN (Persero)

Steam Power Plant (Power Plant) of 2 Labuan Banten for

Civil Work from PT PLN (Persero).

Pembangkit Listrik Tenaga Uap (PLTU) 2 BantenLabuan untuk Jetty & Marine Work dari PT. PLN(Persero)

Steam Power Plant (Power Plant) of 2 Labuan Banten for

Jetty and Marine Work from PT PLN (Persero).

3

4

c. c.

20. 20.

66








- -

- -

- -

- -

- -

- -

PT Bank Danamon Tbk. PT Bank Danamon Tbk.

- -

Perusahaan telah mengadakan perjanjian kredit denganPT Bank Danamon Indonesia Tbk. Sebagai manaterulang dalam akta perjanjian kredit No. 14 tanggal 8 Mei2007 yang telah diubah dan diperpanjang masaberlakunya oleh pihak danamon sepakat dan setuju untukmemberikan fasilitas kredit berupa fasillitas kreditberjangka (KB) dan fasilitas kredit rekening koran (KRK)sebesar Rp 50.000.000.000 (Rupiah penuh) denganketentuan sebagai berikut :

The Company shall have enter into agreement of credit with

PT Bank Danamon Indonesia Tbk, as transpired in deed of

credit agreement No.14 dated May 8, 2007 that has been

change of the period by the Bank Danamon shall agree and

covenant to provide Credit Facility of Account Statement of

Rp 50,000,000,000 (Full amount) under the following terms

and conditions :

Fasilitas I berupa fasilitas Kredit Koran (Overdraft)bersifat Revolving (uncommitted) sampai jumlah pokoksetinggi-tingginya sebesar Rp 50.000.000.000 (Rupiahpenuh) dengan tingkat suku bunga sebesar SertifikatBank Indonesia (SBI) 1 bulan ditambah Margin. Marginsaat ini 3% (tiga persen) per tahun.

1st Facility in form of Credit Facility of Account Statement

(Overdraft) shall be revolving (uncommitted) until at the

highest principal amount of Rp 50,000,000,000 (Full

amount) with the interest rate of Certificate of Bank

Indonesia of 1 month increased by Margin. The current

margin shall be 3% (three percent) per annum.

Piutang atas pembangkit Listrik Tenaga Uap (PLTU) 2Banten Labuan untuk Civil Work dari PT.PLN (Persero)dengan nilai kontrak sebesar Rp 398.200.000.000(Rupiah penuh).

Receivables for Steam Power plant (power plant) to

Labuan Banten 2 Civil Work from PT PLN (Persero) with

a contract value of Rp 398,200,000,000 (Full amount).

Piutang atas pembangkit Listrik Tenaga Uap (PLTU) 2Banten Labuan untuk Jetty dan Marine Work dariPT.PLN (Persero) dengan nilai kontrak sebesar Rp403,771,000,000 (Rupiah penuh).

Receivables for Steam Power plant (power plant) for 2

Banten Labuan Jetty and Marine Work from PT PLN

(Persero) with a contract value of Rp 403,771,000,000

(Full amount).

Piutang piutang usaha dan omset kontrak proyek, baikyang telah dan atau akan dimiliki oleh debitur senilai Rp300.000.000.000 (Rupiah penuh)

All receivables and revenue contracts project, and

whether they have been or will be owned by the debtor

valued at Rp 300,000,000,000 (Full amount)

Sebidang tanah dan bangunan dengan SHGBNO.4/Kembang Kuning atas nama PT Wijaya Karya(Persero) Tbk dengan luas tanah 124.417 m2 dan luasbangunan 29.082 m2 terletak di propinsi Jawa Barat,Kota Bogor.

Land and building parcel by SHGB No.4/Kembang Kuning

in the name of PT Wijaya Karya (Persero) Tbk covering

with land area of 124,417 m2 and 29,082 m2 building was

located in Bogor city, Province of West Java.

Piutang proyek atas pembangunan Muara Karang GasPower Plant sebesar Rp 245.304.000.000 (Rupiahpenuh).

Receivables on construction projects Muara Karang Gas

Power Plant is Rp 245,304,000,000 (Full amount).

Piutang atas infrastruktur penanganan luapan lumpurlapindo paket 3 dari pejabat pembuat komitmenpenanganan luapan lumpur di Surabaya dengan nilaikontrak sebesar Rp 362.221.000.000 (Rupiah penuh)

Receivables of mudflow handling infrastructure lapindo 3

package commitment from government officials who

made the handling of mudflow in Surabaya with a contract

value of Rp 362,221,000,000 (Full amount)

Fasilitas Pinjaman ini dijamin dengan : This loan facility shall be guaranted by :

20. 20.

d. d.

67








- -

- -

iv. Bank garansi jumlah Rp 400.000.000.000 (Rupiahpenuh) Guarantee Tenor maximum 180 (Seratusdelapan puluh) hari untuk Bid Bond, Retention Bond,dan Costum Bond Guarantee Tenor maximum 12(Dua belas) bulan untuk Performance Bond, PaymentBond, dan Counter Guarantee.

iv. Bank guarantee shall amount up to Rp

400,000,000,000 (Full amount) within maximum tenor

Guarantee of 180 (One hundred eighty) days to bid

Bond, Retension bond and costum Bond guarantee

within maximum tenor of 12 (twelve) months for the

performance purpose of bond, payment Bond and

Counter guarantee.

v. Stand By Letter of Credit (SBLC) jumlah Rp400.000.000.000 (Rupiah penuh) Guarante Tenormaximum 180 (Seratus delapan puluh) hari untuk BidBond, Retention Bond, Costum Bond GuaranteeTenor maximum 12 (Dua belas) bulan untukPerformance Bond, Paymend Bond dan CounterGuarantee.

v. Stand By Letter of Credit (SBLC) shall amount up to Rp

400,000,000,000 (Full amount) maximum tenor

Guarantee of 180 (One hundred eighty) days for bid

bond, Retension bond and costum Bond guarantee

within maximum tenor of 12 (twelve) months for the

performance purpose of bond, payment Bond and

Counter guarantee.

ii. Usance Letter of Credit (L/C) Impor dan/atau usanceSurat Kredit Berdokumen Dalam Negeri (SKBDN)jumlah Rp 400.000.000.000.(Rupiah penuh) L/Cvalidity maksimum 180 (Seratus delapan puluh) haridengan tujuan untuk keperluan bahan baku impor,peralatan dan mesin.

ii. Usance Letter of Credit (L/C) import and/or Usance

Documented of Letter of Credit Domestic of Rp

400,000,000,000 (Full amount) L/C Maximum Validity of

180 (One hundred eighty) days intended to fulfill the

requirement of imported raw material, equipment and

machines.

iii. L/C Impor dan/atau Surat Kredit Berdokumen DalamNegeri (SKBDN) jumlah Rp 300.000.000.000 (Rupiahpenuh) L/C Validity maksimum 180 (Seratus delapanpuluh) hari dengan tujuan untuk keperluan bahanbaku impor, peralatan dan mesin.

iii. L/C Import and/or Documented of Letter of Credit

Domestic of Rp 300,000,000,000 (Full amount) L/C

maximum validity of 180 (One hundred eighty) days

intended to fulfill the requirement of imported raw

material, equipment and machines.

Fasilitas II berupa Kredit Revolving yang di berikanBank adalah Fasilita Uncommitted Omnibus TradeFinance sampai jumlah pokok setinggi-tingginya Rp400.000.000.000 (Rupiah penuh) ekuivalen dalam matauang Dollar Amerika Serikat (US$) dan/alat mata uanglain yang tersedia di Bank, yang di pergunakan dalambentuk :

2nd Facility in form Revolving credit facility as provided

by the bank shall be uncommited Omnibus trade

finance Facility until at the highest principal amount of

Rp 400,000,000,000 (Full amount) as equivalent with

the Currency of United States (US$) and/or such other

currency available in bank and may be required again

in from of :

i. Sight Letter of Credit (L/C)Impor dan/atau Sight SuratKredit Berdokumen Dalam Negeri (SKBDN) denganjumlah Rp 400.000.000.000 (rupiah penuh) L/CValidity maxsimum 180 (Seratus delapan puluh) hariuntuk keperluan bahan baku impor, peralatan danmesin.

i. Sight Letter of Credit (L/C) Import and/or Sight

Documented of Letter of Credit Domestic of Rp

400,000,000,000 (Full amount) of L/C of maximum

Validity of 180 (One hundred eighty) days for the

purpose of imported raw material, equipment and

machines.

Jangka waktu fasilitas kredit berlaku terhitungsampai dengan 30 November 2010.

The Period of credit facility shall be effective until

November 30, 2010.

20. 20.

68








PT Bank Panin Tbk. PT Bank Panin Tbk.

- -

- -

- -

Jangka waktu pinjaman adalah 1 bulan, 3 bulan atau 6bulan untuk setiap penarikan pinjaman dengan ketentuantanggal jatuh tempo setiap pinjaman tidak boleh melebihitanggal jatuh tempo fasilitas kredit yang digunakan olehPT Wijaya Karya (Persero) Tbk.

Perusahaan telah mengadakan perjanjian kredit denganPT. Bank Panin,Tbk, sebagai mana tertuang dalam aktaper janjian kredit No.17 tanggal 15 Juni 2009 dan pihakBank Panin sepakat dan setuju untuk memberikanfasilitas kredit berupa fasilitas money market sejumlahmaksimal Rp 70.000.000.000. (Rupiah penuh).

The company shali have entered intro credit agreement

made with PT Bank Panin, Tbk as transpired in Deed of

Credit agreement No 17 dated June 15, 2009 and

conversely Bank Panin to provide credit facility in from of

money market facility at maximum amount of Rp

70,000,000,000. (Full amount).

Tujuan kredit akan di gunakan sebagai modal kerjaumum.

The purpose of credit shall be required for the general

working capital.

e. e.

20. 20.

Sedangkan bilamana perusahaan tidak atau lalaimembayar lunas jumlah pokok yang terhutang, bungaatau lain-lain wajib di bayar sesuai dengan perjanjianmaka tanpa mengurangi kewajiban debitur untuk tetapmembayar jumlah uang yang telah wajib dibayarnya,perusahaan wajib membayar bunga denda atas jumlahuang yang tidak atau lalai dibayar tersebut sebesar 3%pertahun atas bunga yang berlaku saat itu.Bunga denda dihitung secara harian mulai dari hari dantanggal jatuh tempo jumlah uang yang wajib dibayar.

Selain hal-hal diatas perusahaan juga wajib membayarprovisi, biaya administrasi dan biaya lain-lain yang dikeluarkan Bank kepada pihak ketiga.

Untuk jangka waktu pinjaman selama 1 bulan sebesarsuku bunga SBI berjangka satu bulan ditambah 3,5%pertahun.

Untuk jangka waktu pinjaman selama 3 bulan sebesartingkat suku bunga SBI berjangka waktu 1 bulanditambah 4% pertahun.

Untuk jangka waktu pinjaman selama 6 bulan sebesartingkat suku bunga SBI berjangka waktu 1 bulanditambah 4,5% per tahun.

Jangka waktu fasilitas kredit adalah 1 tahun terhitungsejak penandatanganan perjanjian yaitu sejak tanggal 15Juni 2009 sampai dengan 16 Juni 2010.

While, if the company fails or neglects to make full payment

for such outstanding principal, payable interest or orther in

accordance with the agreement, then without being

prejudiced the debtor's liability to continue to pay such

amount of payable money, the company shall be obliged to

pay penalty interest for the amount of money that fails or

neglects to pay of 3% per annum above the interest so

applicable at the time.

Penalty interest shall be calculated daily as of the day and

due date of amount of payable money.

In addition to the aformentioned premises, the company

hereto shall be obliged to pay the provision, administration

cost and such other costs as expended be bank to the third

party.

For the loan period of 1 month, it shall be the interest

rate of SBI with the period 1 month added by 3.5% per

annum.

For the loan period of 6 month, it shall be the interst rate

of SBI with the period 1 month added by 4.5% per

annum.

The periond credit of facility shall be effective within 1 year

upon the signing of the agrement i.e as for June 15, 2009

until June 16, 2010.

The effective period of loan shall be 1 month, 3 months or 6

months for each loan withdhrawal provided that the payment

due date of each ioan shall not exceed the due date of credit

facility as required by PT Wijaya Karya (Persero) Tbk.

Atas tiap jumlah uang yang tertuang atau sisanya yangbelum dibayar lunas atas pemberian fasilitas kredit,perusahaan wajib membayar bunga kepada bank sebesar:

In respect of each amount of payable outstanding money for

the provision of credit facility, then the company shall be

obliged to pay interest to bank at the sum of :

For the loan period of 3 month, it shall be the interst rate

of SBI with the period 1 month added by 4% per annum.

69








Proyek PLTA dengan pemberi kerja PT Poso Energy 1 Project PLTA whom owned PT Poso Energy

2

PT Bank DBS Indonesia f. PT Bank DBS Indonesia

a a

b b

c c

Documented of Letter of Credit Domestic with the

maximum rate of Rp 62,500,000,000 (Full amount) or in

such other currencies or approved by BI as equal with the

aforementioned rate.

Letter of Credit dengan nilai maksimum Rp62.500.000.000. (Rupiah penuh) atau dalam mata uanglain yang disetujui oleh BI yang setara dengan nilaitersebut.

Letter of Credit with maximum rate of Rp 62,500,000,000

(Full amount) or under such other currencies or approved

by BI as equal with the aforementioned rate.

Pinjaman pada PT Bank DBS Indonesia merupakanpinjaman Fasilitas Modal Kerja (Revolving) dengan tingkatbunga sesuai tarif SBI +2,5% per tahun tertuang dalamPerubahan Perjanjian Fasilitas Perbankan No.175/PFP-DBSI/VIII/2008 dengan Fasilitas Perbankan maximumsenilai Rp 370.000.000.000 (Rupiah penuh). Dan suratperjanjian DBS No. 29/CB/OUL/2009 tanggal 23 Februari2009.

Loan to PT Bank DBS Indonesia shall constitute loan of

Working Capital Facility (Revolving) with the interest rate on

the basis of SBI rate +2,5% per annum as entered into

amendment to banking facility agreement No.175/PFP-

DBSI/VIII/2008 dated July 7, 2008 with the maximum

banking facility of Rp 370,000,000,000 (Full amount). And

amendment to banking facility agreement No.

29/CB/OUL/2009 dated Februari 23, 2009.Fasilitas yang disediakan berupa: The provided Facility shall be as folows:

Kredit modal kerja dengan nilai maksimum Rp15.000.000.000. (Rupiah penuh)

Working capital credit with maximum rate of Rp

15,000,000,000. (Full amount).

Proyek dengan pemberi kerja Departemen PekerjaanUmum, Direktorat Sumber Daya Air Balai Besar wilayahSungai Bengawan Solo.

Project whom owned Departemen Pekerjaan Umum,

Direktorat Sumber Daya Air Balai Besar wilayah Sungai

Bengawan Solo.

Apabila hasil penjualan dari objek jaminan fidusia tidakmencukupi untuk melunasi semua apa yang wajib dibayaroleh perusahaan kepada Bank, maka perusahaan tetapterkait membayar lunas sisa uang yang masih harusdibayar berdasarkan perjanjian kredit.

If the sale proceeds of the object of fiduciary security is

insuficent to full pay all outstanding matters so duly made by

the company to bank, then the company shall continue to be

bound to make full payment for the remaining amuont of

outstanding money on the basis of credit agreement.

Pembebanan jaminan fidusia ini akan berakhir dengansendirinya pada saat perusahaan telah membayar semuakewajibannya kepada Bank Panin, Tbk.

The cost of this fiduciary security shall be terminated

automatically upon the full payment made by the company

for all their liabilities to PT Bank Panin, Tbk.

2

f.

20. 20.

Surat Kredit Berdokumen Dalam Negeri nilai maksimumRp 62.500.000.000 (Rupiah penuh) atau dalam matauang lain yang disetujui oleh BI yang setara dengannilai tersebut.

Untuk menjamin pembayaran yang lunas, penuh dansebagai mana mestinya setiap jumlah uang yangterhutang maka perusahaan telah bersedia melakukanperjanjian jaminan piutang kepada kreditur yang diaturdalam akta perjanjian fidusia No.18 tanggal 15 Juni 2009.

Perusahaan telah mengadakan perubahan perjanjianjaminan fidusia dengan PT Bank PANIN Tbksebagaimana tertuang dalam Akta Perjanjian Kredit No.18tanggal 15 Juni 2009, pasal 5.9 B tanggal 16 Desember2009 yaitu piutang usaha yang dijaminkan sebagaianggunan.Anggunan di atas adalah sebagai berikut :

1

To warrant the payment made full payment, full and

accordingly in respect of each outstanding money, the

company shall undertake to either into agreement of loan

guarantee to the creditor as regulated in Deed of fiduciary

agreement No.18 dated June 15, 2009.

The company shall have entered into agreement of fiduciary

security with PT Bank Panin Tbk, as transpired in deed of

credit agreement No. 18 dated June 15, 2009 article 5.9 B

which such as the trade receivable is as collateral

guaranteed .

The collateral above is as follows:

70








d.

d

.

e.

e

.

PT WIKA BETON PT WIKA BETON

PT Bank Mega Tbk. PT Bank Mega Tbk.

-

-

-

Bank Garansi dengan nilai maksimum Rp175.000.000.000 (Rupiah penuh) atau dalam mata uanglain yang disetujui oleh BI yang setara dengan nilaitersebut.

Bank Guarantee with maximum rate of Rp

175,000,000,000 (Full amount) or under such other

currencies or approved by BI as equal with the


Tanah seluas 33,615 M2 yang terletak di KabupatenLampung Selatan, Kecamatan Natar,Desa BumiAgung,Lampung, tercatat atas nama PT Wijaya Karya Betondengan HGB No.8/Bumi Agung.

Land covering an area of 33,615 M2 located in South of

Lampung, Sub district, Natar discrit, Bumi Agung Village,

shall be registered in the name of PT Wijaya Karya Beton

by building right No.8/Bumi Agung.

Mesin-mesin pabrik, terletak di Medan,Lampung danMakasar.

Factory machines which are located in Medan,Lampung

and Makasar.

Fasilitas kredit berupa PRK sebesar Rp 5.000.000.000(Rupiah penuh) digunakan hanya untuk tambahan danaoperasional perusahaan, berupa Fasilitas KMK dengannilai kesanggupan Rp 5.000.000.000 (Rupiah penuh)digunakan hanya untuk tambahan modal kerja ataspekerjaan yang diterima perusahaan, dengan jumlahpenarikan sebesar 70% dari nilai kontrak. Fasilitas BankGaransi sampai dengan Rp 25.000.000.000 (Rupiahpenuh) digunakan hanya untuk tender, uang mukapelaksanaan dan pemeliharaan.

Credit facility in form of Acoount Statement loan facility of Rp

5,000,000,000 (Full amount) shall be required to add the

company operational fund, in from of working capital credit

facility with the undertaking rate of Rp 5,000,000,000 (Full

amount). as required to only add working capital for the

activities received by the company with the total withdrawal

of 70% of contracted value. facility of Bank Guarantee

reaching up to Rp 25,000,000,000 (Full amount) shall be

required for the purpose of tender, down payment of the

implementation and maintenance.

Pinjaman ini dijamin dengan hak atas tanah rinciansebagai berikut :

This loan shall be warranted by land right set forth as folows:

Tanah seluas 18.570 M2 yang terletak dikabupaten Deliserdang. Kecamatan Sunggal desa Dei Semayangtercatat atas nama PT Wjaya Karya Beton dengan HGBNo.101/Dei Semayang.

Land covering an area of 18,570 M2 located Deli Serdang

sub district,Sunggal district Dei Semayang Village, shall be

registered in the name of PT Wijaya Karya Beton by

building right No.101/Dei Semayang.

Stand By Letter of Credit Facility (SBLC) dengan nilaimaksimum Rp 25.000.000.000 (Rupiah penuh) ataudalam mata uang lain yang disetujui oleh BI yang setaradengan nilai tersebut.

Stand By Letter of Credit Facility (SBLC) with maximum

rate of Rp 25,000,000,000 (Full amount) or under such

other currencies or approved by BI as equal with the


Fasilitas berlaku sampai dengan 7 Juli 2010 dan dijamindengan omzet kontrak minimal senilai 125% dari totalkredit tertarik (CL&NCL).

The facility shall be effective until July 7, 2010 and shall be

guaranteed with the minimum turnover contract of 125% of

total withdrawn credit (CL&NCL).

PT Wijaya Karya Beton memiliki fasilitas kredit RekeningKoran (PRK), Fasilitas Kredit Modal Kerja dan FasilitasBank Garansi dari Bank Mega sesuai dengan perjanjiankredit tanggal 6 Desember 2000 No.23, yang telahmengalami beberapa kali perubahan, terakhir sesuaiperubahan XIV perpanjangan kredit No.10 tanggal 4Desember 2009, dengan jangka waktu 6 Desember 2009sampai dengan 6 Desember 2010, dengan tingkat bunga17%.

PT Wijaya Karya Beton has Account Statement of credit

facility (PRK),working capital credit facility and bank

guarantee facility from Bank Mega in accordance with credit

agreement dated December 6, 2000 No,23 amended severel

times and most recently by amendment XIV of credit

extension No.10 dated December 4, 2009 within the period

of December 6, 2009 until December 6, 2010 with the

interest rate of 17%.

20. 20.

a. a.

71








-

PT Bank Mandiri (Persero), Tbk. PT Bank Mandiri (Persero), Tbk.

I I Revolving Working Capital Credit Facility

1 Batas Kredit : Rp 15.000.000.000 (Rupiah penuh) 1 Credit Limited : Rp 15,000,000,000 (Full amount)

5 Jangka Waktu : 8 Juni 2009 s.d 10 May 2010 5.Period : June 8, 2009 until May 10, 2010

:1% p.a of limit credit

8 Denda : 2% pertahun diatas tingkat suku bunga kredit, bilaterlambat pembayaran

9.Collateral

1)

1

)

Piutang dan/atau persediaan yang dimiliki perusahaanbaik sekarang maupun di kemudian hari minimal senilaiRp 45.000.000.000 (Rupiah penuh).

Receivable and/or inventory owned by the company both

in the present and hereafter shall be minimum Rp

45,000,000,000 (Full amount).

4 Tujuan 4 The Use Purpose:

Tambahan modal Kerja dalam rangka membiayaiproduksi berbagai beton pra cetak.

Additional Working Capital shall be in order to

financing production on various working on process

of the concrete.

2 Jenis Kredit : KMK 2 Type of credit : KMK

3 Sifat Kredit : Revolving 3 Characteristic of Credit : Revolving

PT Wika Beton memperoleh Fasilitas Kredit Non CashLoan dari PT Bank Mandiri (Persero) Tbk, PerjanjianKredit Modal Kerja (Fixed Loan) nomor KP-CRO/017/PK-KMK/2009 tanggal 8 Juni 2009. Kemudian PemberianFasilitas Bank Garansi nomor KP-CRO/002/PGB/2009tanggal 8 Juni 2009 serta perjanjian Kredit untuk JasaPelayanan Transaksi Treasury nomor KP-CRO/015/PFL/2009 tanggal 8 Juni 2009 yangkesemuanya dibuat dihadapan Notaris Sri Ismiyati, SH.Notaris Jakarta serta tambahan limit Fasilitas Non CashLoan (L/C,SKBDN dan Bank Garansi) dari PT BankMandiri ke PT Wika BetonNo.CBG.CB2/SPPK/D04.003/2009 tanggal 7 Mei 2009perihal surat penawaran pemberian kredit (SPPK) untukperpanjangan jangka waktu KMK Revolving, PenawaranKMK Fixed Loan, Perpanjangan Jangka Waktu sertatambahan limit fasilitas NCL (Bank Garansi) danpersetujuan Plafond Forex.

PT Wika Beton obtain Non-Loan Credit Facility loan from PT

Bank Mandiri (Persero) Tbk, Working Capital Loan

Agreement (Fixed Loan) KP-CRO/017/PK-KMK/2009

number dated June 8, 2009. Then Granting Bank Guarantee

Facility KP-CRO/002/PGB/2009 number dated June 8, 2009,

and agreements for Credit Transaction Services Treasury

KP-CRO/015/PFL/2009 number dated June 8, 2009 which

are all made before Notary Sri Ismiyati, SH . Notary Jakarta

as well as additional Non-Cash limit loan facility (L / C,

Domestic L/C and Bank Guarantee) from PT Bank Mandiri

to PT Wika Beton No. CBG.CB2/SPPK/D04.003/2009 dated

May 7, 2009 regarding the letter of credit supply ( FIES) for

extension of time Revolving KMK, Bid KMK Fixed Loan,

Term Extension and the additional limits NCL facilities (Bank

Guarantee) and the approval Forex Limited.

Ketentuan yang tertuang adalah sebagai berikut: The Terms and conditions as entered into in shall be as

follows :

Fasilitas Kredit Modal Kerja Revolving

8.Penalty

9 Agunan

Agunan Utama Main Collateral

6 Suku Bunga 6.Interest rate

13.00% p.a dibayar efektif dan berubah sesuaidengan ketentuan Bank Mandiri dan dibebankan setiap tanggal 23.

13.00% p.a shall be effectively paid and charged

unther the terms and condition of bank mandiri and

shall be borne on each date of 23rd.

7 Provisi : 1% p.a dari limit kredit 7.Provision

:2% per annum above interest rate of

credit, if they fail to make the payment

in punctual time.

:Receivable and stock with

minimum rate of Rp 72.4 Billions.

:Piutang dan persediaandengan nilai minimal Rp 72,4Milyar.

b. b.

20. 20.

72








2)

2

)

a)

a

)

b)

b

.

Fasilitas Non Cash Loan II Non Cash Loan Facilities

Batas Kredit : Rp 65.000.000.000 (Rupiah penuh) Credit Limited : Rp 65,000,000,000 (Full amount)

Jenis Kredit : Non Cash Loan Type of credit : Non Cash Loan

Sifat Kredit : Revolving Characteristic : Revolving

Tujuan Pengunaan 1)

1

)

2)

2

)

: 11 Mei 2009 s/d 10 Mei 2010 Period : May 11 2009 until May 10, 2010

Provisi : 1% p.a,kecuali jaminan tender 0,75 % Provision

Batas Kredit : Rp 35.000.000.000 (Rupiah penuh) Credit Limited : Rp 35,000,000,000 (Full amount)

Jenis Kredit : KMK Fixed Loan Type of credit : KMK Fixed Loan

Sifat Kredit : Characteristic :

Tujuan Pengunaan

1)

1

)

: 8 Juni 2009 s/d 10 Mei 2010 Period : June 8 2009 until May 10, 2010

Provisi : 1% p.a,kecuali jaminan tender 0,75 % Provision

Agunan Additional Collateral

The purpose loan facility

Penerbitan Garansi bank a.I. Jaminan Penawaran,Jaminan Pelaksanaan, Jaminan uang muka, JaminanPemeliharaan, Jaminan Pembayaran dan Counterguarantee, maksimum sebesar Rp 15 Milyar.

The issuance of bank garansi a.l offering

bound,performance bound, down payment bound,

maintenance bound, payment and counter

guarantee shall be maximum Rp 15 Billions.

Revolving, Standby Loan,

Committed and advised

3 (Tiga) bidang tanah berikut bangunan-bangunandan atau segala sesuatu yang telah atau dikemudianhari akan didirikan diatasnya, luas tanah 65.103 m2terletak di Jl. Raya Kejapanan-Majosari, PasuruanJawa Timur, SHGB no. 14,25 dan 408 atas namaWika Beton, telah diikat dan dipasang haktanggungan senilai Rp 25 Milyar.

3 (Three) lands area including buildings and or any

and all matters that have or hereafter shall be

errected on it. Land area of 65,103 m2 located at Jl.

Raya Kejapanan-Majosari, Pasuruan East Java,

SHGB No 14,25 and 408 in the name of Wika Beton

shall have been bound and security interest shall be

mortgaged of Rp 25 Billions.

Tanah dan bangunan, mesin dan peralatan pabriksenilai Rp 101,250 Milyar. Lokasi jalur 8. Jl. RayaNarogong Km.26 Cileungsi.Bogor, di pasang haktanggungan dan diikat secara Fiducia sebesar nilaipasar.

Land and buildings, machinery and factory equipment

as of Rp 101.250 Billions. Location at line of 8. Jl.

Raya Narogong Km.26 Cileungsi.Bogor, installed of

dependents and tied to the rights Fiducia as a market

value.

3

4

12

1

5

4

3

2

1

: 1% p.a, unless tender guarantee

as of 0.75 %

The purpose loan facility

Tambahan modal Kerja dalam rangka membiayaiproduksi berbagai beton pra cetak

Additional Working Capital shall be in order to

financing production on various work on process of

the concrete.

Pembukaan Letter of Credit (L/C) dan atau SKBDN,yang bersifat sight, Usance, atau (UPAS) dengantenor maksimum 180 hari, maksimum Rp 5 milyar.

The opening of Letter of Credit (L/C) and or

Documented of Letter of Credit Domestic with the

characterisitc of sight ,Usance or (UPAS) with

maximum tenor of 180 days, maximum amount of

Rp 5 Billions.

Jangka waktu

: 1% p.a, unless tender guarantee

as of 0.75 %

KMK Fixed Loan KMK Fixed Loan

5

6

5

6

123

4

5

6

Revolving, Standby Loan,Committed dan advised

Jangka waktu

2

3

III

6

4

II

III

20. 20.

73








PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

1

2

Perusahaan telah mengadakan perjanjian kredit denganBank Niaga sesuai dengan perjanjian kreditNo.266/CBG/JKT/05 dan No. 267/CBG/JKT/05 tanggal 12September 2005 yang dibuat dibawah tangan.Sebagaimana diubah dengan perubahan terhadapPerjanjian Kredit Nomor 593/AMD/CBG/JKT/09 tertanggal28 Oktober 2009 (Selanjutnya berikut perpanjangan,perubahan dan penambahanya disebut ''PerjanjianKredit", dengan Perubahan Terhadap Perjanjian KreditNomor: 392/AMD/CBG/JKT/06, berdasarkan nama bankyang telah memberikan fasilitas kredit Pinjaman Tetapsebesar Rp 12.000.000.000 (Dua belas milyar rupiah)kepada perseroan (Selanjutnya disebut 'Fasilitas Kredit')yang dibuat dan ditandatangani tanggal 6 November2006.

The Company shall have entered into credit agreement with

Bank Niaga in accordance with credit Agreement No.

266/CBG/JKT/05 and No. 267/CBG/JKT/05 dated

September, 12, 2005 made subrosa as amended by

Amendment to credit Agreement Number

593/AMD/CBG/JKT/09 dated October 28, 2009 (hereinafter

extension,amendment and additional shall be referred to as

"Credit Agreement" by the amendment to Credit Agreement

Number 392/AMD/CBG/JKT/06 on the basis of bank which

has provided Fixed Loan credit facility of Rp 12,000,000,000

(Twelve billion rupiah) to the company (hereinafter shall be

referred to as "Credit Facility" as made and signed on

November 6, 2006.

Berdasarkan perjanjian kredit tersebut, Bank Niagamemberikan fasilitas kredit berupa:

On the basis of such credit agreement, Bank Niaga hereto

shall provide credit facility in form of :

2

1

Jangka waktu pinjaman adalah 11 September 2009sampai dengan 11 September 2010.

Loan period shall be September 11,2009 until September

11, 2010.

Berdasarkan Perubahan terhadap perjanjian untukpanjar melalui Rekening Koran Nomor:525/AMD/CBG/JKT/09, Bank setuju untukmemperpanjang jangka waktu fasilitas PRK yang jatuhtempo pada tanggal 11 September 2009, diperpanjangjangka waktunya sampai dengan tanggal 11 September2010.

Pursuant to the amendment to agreement for down

payment through account statement Number

525/AMD/CBG/JKT/09, Bank shall agree to extend the

period for PRK Facility due on the date of September 11,

2010.

Fasilitas Rekening dengan jumlah sebesar Rp3.000.000.000 (Rupiah penuh), dengan tingkat sukubunga pinjaman sebesar 13,25% per tahun.

Statement facility with the amount of Rp 3,000,000,000

(Full amount) with loan interest rate of 13.25% per annum.

Penggunaan fasilitas kredit adalah untuk membiayaikegiatan oprasional usaha (modal kerja) PT. WikaBeton

The use of credit facility shall be intended to finance

business operational activities (working capital) of PT

Wika Beton.

Pinjaman Tetap dengan jumlah sebesar Rp12.000.000.000 (Rupiah penuh), tingkat suku bungapinjaman 13,25% per tahun

Fixed Loan with the amount of Rp 12,000,000,000 (Full

amount) and loan interest rate of 13.25% per annum.

Penggunaan fasilitas credit adalah untuk membiayaimodal kerja PT. Wika Beton

The use of credit facility shall be intended to finance

business operational activities (working capital) of PT

Wika Beton.

Jangka waktu pinjaman adalah 11 September 2009sampai dengan 11 September 2010. Dengan ketentuan-ketentuan lain dalam perjanjian kredit tidak diubah dandengan demikian tetap berlaku dan mempunyaikekuatan hukum yang mengikat antara Bank danPeminjam.

The period of Loan shall be effective as of September 11,

2009 until September 11, 2010. Provided that credit

agreement shall not be amended and therefore shall

remain effective and has legal force and effect binding

between Bank and Debtor.

c. c.

20. 20.

74








a a

b b

c c

d d

PT Bank Mandiri Syariah PT Bank Mandiri Syariah

PT WIKA REALTY PT WIKA REALTY

PT Bank Negara Indonesia (Persero), Tbk. PT Bank Negara Indonesia (Persero), Tbk.

Sehubungan dengan fasilitas tersebut perusahaanmemberikan jaminan kepada Bank Niaga berupa :

In connection wiyh the aforementioned facilities, the

company hereto shall provide guarantee to Bank Niaga in

form of :

Hak tanggungan atas tanah dana bangunan denganSHGB No. 101,160 dan 99 terletak di Mojosongo,Boyolali, jawa tengah atas nama peminjam dengan nilaihak tanggungan minimal sebesar Rp 6.262.000.000(Rupiah penuh).

Security interest for land and building with SGNB No.

101.160 and 99 located in Mojosongo,Boyolali,Cetral

Java in the name of the Debtor with minimum security of

Rp 6,262,000,000 (Full amount).

PT Wika Realty mendapatkan Kredit Modal Kerja dari PTBank Negara Indonesia (Persero) Tbk dengan PerjanjianKredit Modal Kerja No. JMM/2/926/R pada tanggal 20Oktober 2009.

PT Wika Realty obtains Working Capital Credit from

PT Bank Negara Indonesia (Persero) Tbk under

Agreement of Working Capital Credit No.

JMM/2/926/R on dated tanggal October 20, 2009.

PT Wika Beton memperoleh fasilitas kredit pembiayaanuntuk Supplier/Sukontraktor dari PT Waskita Karya(Persero) atas nama PT Wijaya Karya Beton sesuaidengan Perjanjian Kerjasama antara PT Waskita Karya(Persero) dengan PT Bank Syariah Mandiri tentangfasilitas Pembiayaan Modal Kerja kepada PT WaskitaKarya No.10 tanggal 18 Februari 2009 dibuat dihadapanNotaris Badarusyamsi, SH., notaris Jakarta denganplafond pembiayaan sebesar Rp 50.000.000.000 (Rupiahpenuh) dan SP3 kepada supplier no.9, 10, 11 tanggal 16Februari 2009.

PT Wika Beton obtains finance facility to

supplier/subcontractor of PT Waskita Karya (Persero) in the

name of PT Wijaya Karya Beton in accordance with

Cooperation Agreement made between PT Waskita Karya

(Persero) and PT Bank Syariah Mandiri regarding provision

of Working Capital Finance to PT Waskita Karya (Persero)

No. 10 dated February 18 2009 drawn up and passed before

Notary Public Badarusyamsi, SH. Notary in Jakarta with

limited financial as of Rp 50,000,000,000 (Full amount) and

SP3 to supplier no.9, 10, 11 dated February 16, 2009.

Berdasarkan surat sanggup (Aksep/Promes) No11/1472/180/Promes, PT Wijaya Karya Beton berjanjitanpa syarat untuk membayar kepada PT Bank SyariahMandiri sejumlah uang Rp 1.812.986.214 (Rupiah penuh)dan akan berakhir pada tanggal 6 February 2010 dansurat sanggup (Aksep/Promes No.11/1329/180/Promesdengan nominal sebesar Rp 433.347.696 (Rupiah penuh)dan akan berakhir tanggal 12 Januari 2010.

Based on the promissory notes (draft / promissory note) No

11/1472/180/Promes, PT Wijaya Karya Beton unconditional

promise to pay to PT Bank Syariah Mandiri as of Rp

1,812,986,214 (Full amount) and will end on February 6,

2010 and promissory notes (draft / promissory note with a

nominal No.11/1329/180/Promes for Rp 433,347,696 (Full

amount) and will end on January 12, 2010.

Fidusia atas persediaan milik peminjam dengan nilaipenjaminan sebesar Rp 5.000.000.000 (Rupiah penuh).

Fiducia for the inventory owned by the debtor as of Rp

5,000,000,000 (Full amount).

Fidusia atas tagihan peminjam kepada pihak ketigadengan nilai penjaminan sebesar Rp 5.000.000.000(Rupiah penuh).

Fiducia for Debtor's bill to the third party with the

underwriting rate of Rp 5,000,000,000 (Full amount).

Fidusia atas mesin-mesin dan peralatan milik peminjamdengan nilai penjaminan sebesar Rp 5.000.000.000(Rupiah penuh).

Fiducia for machines and equipments owned by the

Debtor as of Rp 5,000,000,000 (Full amount).

d. d.

a. a.

20. 20.

75








I I Plafond Working Capital Credit

Rp 7.500.000.000 (Rupiah penuh) Rp 7,500,000,000 (Full amount)

: :

Kredit Modal Kerja Line Line Working Capital Credit

Maksimum Maximum


Keperluan : Requirement :

Period :

Bentuk /Sifat : Type/Nature :

Transaksional bersifat clean up system The nature of transaction shall be clean up system.

Suku Bunga Interest rate :

Bank Garansi Bank Guarantee

Maksimum : Maximum :


II.

Plafon Plafond

Keperluan Requirement

Sesuai denga surat permohonan fasilltas kredit tanggal 26Mei 2008, telah disetujui kredit modal kerja dengan rinciansebagai berikut :

In accordance with approval letter for credit facilities

dated May 26, 2008, Working capital was approved

set forth as folows:

Kredit Modal Kerja

13,75 p.a atau sesuai ketentuan yang berlakupada tanggal penandatanganan PK dan reviewsetiap bulan sekali untuk disesuaikan dengan tarifyang berlaku pada saat itu.

13.75% p.a or pursuant to the prevailing

provision on the date of signing of the credit

and monthly review in order to be adjusted by

the prevailing rate at that time.

Tambahan modal kerja usaha property, konstruksidan building manajemen (tidak termasuk pembeliandan pengolahan tanah) dengan target penjualantahun 2008 sebesar Rp 306,508 Juta.

Additional working capital for property business,

construction and building management (excluding land

purchase and management) with the sale target in 2008

of Rp 306.508 Million.

Jangka waktu :

II.

Bentuk sifat :R/C terbatas Type/Nature : Limited R/C

Suku bunga Interest Rate

Tambahan modal kerja usaha property, konstruksidan building manajemen (tidak termasuk pembeliandan pengolahan tanah) dengan target penjualantahun 2008 sebesar Rp 306,508 Juta

Additional property business working capital,

construction and building management (excluding

land purchase and management) with sale target

in 2008 of Rp 306.508 Million.

Jangka Waktu Period

Sejak penandatanganan PK, jatuh tempo fasilitastanggal 24 September 2009 sampai dengan 23September 2010.

Upon signing of the credit, due date of facility on

September 24, 2009 until September 23, 2010.

Sejak tanggal penandatanganan kredit, jatuh tempofasilitas tanggal 24 September 2009 sampai dengan23 September 2010.

Upon signing of the credit, due date of facility on the

date of September 24, 2009 until September 23, 2010.

13,75% p.a. yang akan ditinjau kembali setiap bulanuntuk disesuaikan dengan tarif bunga yang berlaku diBank BNI pada saat itu.

13.75% pa. that shall be reviewed monthly to be

adjusted with interest rate so applicable in Bank BNI at

that time.

III III.

20. 20.

76









Jangka Waktu Period

IV. Surat Kredit Bank Dalam Negeri IV. Surat Kredit Bank Dalam NegeriDocumented of Letter of Credit Domestic

Maksimum : Maximum :



Jangka Waktu Period

Collateral :

1 1

a a

b b

c.

c

JaminanTanah kosong di jalan RS. Fatmawati, kel. CilandakBarat, Jakarta Selatan. Terdiri dari 3 sertifikat :

Emptied land at jalan RS. Fatmawati, Kel. Cilandak

Barat, South Jakarta. Consists of 3 certificate:

SHGB No. 1877 an. PT Wijaya Karya Realty,jangka waktu tanggal 25 Oktober 2005 sd 29 Mei2036. Surat Ukur No. 06695/2004 tanggal 28Desember 2004 seluas 2.300 m2. Diikat denganhak tanggungan senilai Rp 7.744.400.000 (Rupiahpenuh).

SHGB No. 1877 an. PT Wijaya Karya Realty, with

the effective period of October 25, 2005 until

May 29, 2036. Certificate of Survey No.

06695/2004 dated December 28, 2004 covering

an area of 2,300 M2 bound by Security Interest of

Rp 7,744,400,000 (Full Amount).



the effective period of October 25, 2005 until

May 31, 2036. Certificate of Survey No.

06696/2004 dated December 28, 2004 covering

an area of 2,170 m2 bound by Security Interest of

Rp 6,318,000,000 (Full amount).

Disesuaikan dengan fasilitas kredit berjalan sejaktanggal penandatanganan PPGB, tanggal 24September 2009 sampai dengan 23 September 2010.

It shall be adjusted with current credit facility as of

the date of the PPGB signing, on September 24,

2009 until September 23, 2010.

Pembelian barang untuk proyek pemerintah danswasta.

Goods purchase for government and non-government

projects.

Sejak penandatanganan PK, jatuh tempo fasilitasyaitu tanggal 24 September 2009 sampai dengan 23September 2010.

Upon signing of the credit, due date of facility from

September 24, 2009 until September 23, 2010.

Untuk menjamin tender,pelaksanaan pekerjaan, danpenerimaan uang muka serta pembelian barang atasproyek pemerintah dan swasta.

To warrant the tender, work performance and down

payment receipt and goods purchase for

governmental and private project.



the effective period of October 25, 2005 until May

31, 2036. Certificate of Survey No. 06694/2004

dated December 28, 2004 covering an area of

2,810 m2 bound by Security Interest of Rp

8,238,000,000 (Full amount).

20. 20.

77








PT Bank CIMB Niaga Tbk

-

- Penggunaan Dana : - The use of loan:

Bidang Konstruksi : Constructions

Bidang Realty Realty

Fasilitas Letter of Credit Letter of Credit (LC) Facility

Besarnya penarikan pinjaman adalah 80% dari nilai progressproyek atau 80% dari nilai tagihan dari pemberi kerja, manayang lebih rendah.

The amount of loan to be drawn will be 80% of project

progress or 80% of the amount of invoice.

Digunakan untuk Modal Kerja pembangunan perumahan dansarana/prasarana diluar pematangan lahan.

To be used for working capital to finance residence

projects and infrastructures.

Besarnya penarikan pinjaman adalah 80% dari nilai RencanaAnggaran Biaya Perumahan

The amount of loan to be drawn will be 80% of

Planning of Cost Budget for Residence projects


PT Wika Realty memperoleh pinjaman dari Bank Niaga berupafasilitas kredit Pinjaman Transaksi Khusus sesuai Perjanjian KreditNo. 350/AMD/CBG/JKT/08 yang telah diperpanjang denganperjanjian No 475/AMD/CBG/JKT/09 tanggal 7 Desember 2009dengan ketentuan sebagai berikut :

PT Wika Realty acquired loan from Niaga bank i.e.

special transaction loan facility according to Loan

Agreement No. 350/AMD/CBG/JKT/08 which has

been extended with Agreement No.

475/AMD/CBG/JKT/09 dated December 7, 2009 with

provisions as follows:

Pinjaman Transaksi Khusus (PTK) sebesar Rp 34.000.000.000(Rupiah penuh)

- Special Transaction Loan amounting Rp

34,000,000,000 (Full amount)

Digunakan untuk Modal Kerja proyek-proyek WR danrefinancing existing proyek-proyek yang dibiayai sendiri.

To be used for Working Capital to finance Wika

Realty’s projects and refinance self financing’s

projects.

Tanah, bangunan dan kolam renang (Sport Club) diKomplek Tamansari Bukit Mutiara Blok D1 No.1, Kel.Gunung Bahagia, Kec. Balikpapan Utara, Balikpapan,Kalimantan Timur. SHGB No. 1122 an. PT WijayaKarya Realty. Surat Ukur No. 89/GunungSamarinda/2001. Imb No. 280/DPKP/BU/GS tanggal17 Juni 2002. Akan diikat hak tanggungan Rp3.390.000.000 (Rupiah penuh).

2 Land, buildings and swimming pool (sport club) at

Komplek Tamansari Bukit Mutiara Blok D1 No.1, Kel.

Gunung Bahagia, Kec. North of Balikpapan, Kota

Balikpapan, East of Kalimantan. SHGB No. 1122 an.

PT Wijaya Karya Realty. Certificate of Survey No.

89/Gunung Samarinda/2001. Imb No.

280/DPKP/BU/GS dated June 17, 2002. bound by

security interest of Rp 3,390,000,000 (Full amount).

Jaminan piutang (fiducia) senilai Rp 70.000.000.000(Rupiah penuh).

3 Account receivable (fiduciary) of Rp 70,000,000,000

(Full amount).

2

3

1.

2.

1.

2.

Fasilitas berupa Letter of Credit atas unjuk (Sight LC) dan atauberjangka (Usance LC) dan Surat Kredit Berdokumen DalamNegeri (SKBDN) dengan nilai tidak melebihi Rp 20.000.000.000(Rupiah penuh).

LC Facility shall be in the form of Sight LC or Usance

LC or Documented of Letter of Credit Domestic

whose amount not exceeding Rp 20,000,000,000

(Full amount)

b. b.

20. 20.

78








Suku Bunga Interest rate :

This Loan Facility is pledged by:

a.

b.

c.

`d

PT WIKA INTRADE PT WIKA INTRADE

PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk

Fasilitas Kredit Investasi

: Rp 30.000.000.000 (Rupiah penuh). : Rp 30,000,000,000 (Full amount)

: :

: : July 16, 2008

: :

: :

: :

Collateral :

- -

- -

Fasilitas Kredit Modal Kerja Transaktional

: Rp 50.000.000.000 (Rupiah penuh) Credit Limit : Rp 50,000,000,000 (Full amount)

: No of Agreement : CBG.ONE/SPPK.RD2.087/2008

13,25% p.a. yang akan ditinjau kembali seiap bulanuntuk di sesuaikan dengan tarif bunga yang berlaku diBank Niaga pada saat itu.

13.25% pa. that shall be reviewed again monthly to

be adjusted with interest rate so applicable in Niaga

Bank at that time.

No Perjanjian CBG.ONE/SPPK.RD2.087/2008 No of Agreement CBG.ONE/SPPK.RD2.087/2008

Tanggal 16 Juli 2008 Date

Investment Credit Facility

Batas Kredit Credit Limit

APHT senilai Rp 23.690.000.000 (Rupiah penuh) atas HGB No.754 an perusahaan.di Desa Gunung Samarinda, BalikpapanUtara Kalimantan Timur.

c. APHT amounting Rp 23,690,000,000 (Full amount)

on HGB No. 754 on behalf of PT Wika Realty located

at Gunung Samarinda, Balikpapan Utara, Kalimantan

Timur.

d. Fiduciary on Debtor’s account amounting Rp

1,000,000,000 (Full amount)

Fidusia atas Rekening Peminjam senilai Rp1.000.000.000 (Rupiah penuh).

Fasilitas pinjaman Bank CIMB Niaga Tbk ini dijaminkan dengan :

APHT senilai Rp 517.150.000 (Rupiah penuh) atas HGB No,29,032, 033, 037, 038, 047 dan 048 an perusahaan.di Curug,Sawangan, Depok Jawa Barat.

a. APHT amounting Rp 517,150,000 (Full amount) on

HGB No. 29, 032, 033, 037, 038, 047 and 048 on

behalf of PT Wika Realty located at Curug,

Sawangan, Depok, Jawa Barat.

APHT senilai Rp 23.238.000.000 (Rupiah penuh) atas HGB No,21, 025, 028, 035, 039, 046, 059, 060, 063 dan 065 anperusahaan.di Curug, Sawangan, Depok Jawa Barat.

b. APHT amounting Rp 23,238,000,000 (Full amount)

on HGB No. 21, 025, 028, 035, 039, 046, 059, 060,

063 and 065 on behalf of PT Wika Realty located at

Curug, Sawangan, Depok, Jawa Barat.

a. a.

Nomor CBG.ONE/SPPK.RD2.087/2008

Mesin dan peralatan produksi tabung gas yangsudah dimiliki dan yang akan dibeli denganpembiayaan Bank serta piutang usaha danpersediaan tabung kompor gas 3 kg.

Machine and equipment for gas stove production

owned by and shall be purchased by Bank

Financing and Trade Receivables and procurement

of 3 kg gas stove.

Cross default dan cross collateral dengan fasilitasKredit Modal kerja.

Cross default and cross collateral with Working

Capital Credit Facility.

Transactional Working Capital Credit

Batas Kredit

Angsuran Installment

Angsuran pokok dilakukan setiap tanggal 23 pada setiap triwulan.

Principal Installment shall be conducted every on

date of 23 of each quarter.

Jaminan

Jangka waktu Sejak penandatanganan Perjanjian Kredit s.d 23 Maret 2010

Effective Period Upon signing of the credit, due

date of facility until March 23,

2010.

Suku Bunga 11 % p.a Interest Rate 11 % p.a

20. 20.

79








: : August 04, 2008

: :

: :

: :

- -

- -


Batas Kredit : Rp 125.000.000.000 (Rupiah penuh) Credit Limit : Rp 125,000,000,000 (Full amount)

No Perjanjian : 673/AMD/CBG/JKT/09 No of Agreement : 673/AMD/CBG/JKT/09

Jangka Waktu : 13 Desember 2009 s.d 13 Maret 2010 Effective Period :

Perjanjian Pinjaman Tetap (PT) Sublimit Fasilitas Bank Garansi




Perjanjian Trust Receipt (TR) Sublimit Fasilitas Bank Garansi




Perjanjian Untuk Panjar Melalui Rekening Koran

Batas Kredit : Rp 5.000.000.000 (Rupiah penuh) Credit Limit : 12.5% p.aRp 5,000,000,000 (Full amount)


Bunga : 12.5% p.a Interest : 12.5% p.a

Jangka Waktu : 13 Desember 2009 s.d 13 Maret 2010 Effective Period : 12.5% p.a

Perjanjian Pinjaman Transaksi Khusus (PTK) Agreement of Special Transaction Loan



Bunga : 12.5% p.a Interest : 12.5% p.a

Jangka Waktu : 13 Desember 2009 s.d 13 Maret 2010 Effective Period : 12.5% p.a

Tanggal 04 Agustus 2008 Date

Jaminan Collateral :

Mesin dan peralatan produksi tabung gas yangsudah dimiliki dan yang akan dibeli denganpembiayaan Bank serta piutang usaha danpersediaan tabung gas 3 kg.

Machine and equipment for gas stove production

owned by and shall be purchased by Bank

Financing and Trade Receivables and procurement

of 3 kg gas scuba.

Cross default dan cross collateral dengan fasilitasKredit Investasi.

Cross default and cross collateral with Investment

credit facilities.

Jangka waktu Berlaku maksimal s.d tanggal 28 Februari 2010

Effective Period It shall be effective within

maximum period of February

28 2010.

Suku Bunga 13 % p.a Interest rate 13 % p.a

Agreement of Fixed Loan of Sublimit Bank Guarantee

Facilities

December 13, 2009 until March

13, 2010

Agreement of Trust Receipt of Sublimit Bank

Guarantee Facilities


13, 2010

Agreement of the Down Payment through Bank

Statement


13, 2010


13, 2010


Perjanjian Penerbitan Bank Garansi InterchangeableCC Lines (Sight/Usance/UPAS/SKBDN)

Agreement of Bank Guarantee Issuance of

Interchangeable CC Lines.

b. b.


13, 2010

20. 20.

80








Perjanjian tersebut dijamin dengan : Collateral :

- -

- -

- -

- -

PT Bank Danamon Tbk PT Bank Danamon Tbk

Fasilitas Uncommited Omnibus Trade Finance 1. Facility of Uncommitted Omnibus Trade Finance


No Perjanjian : 31 No of Agreement : 31Jangka Waktu : Effective Period : 12.5% p.a

Jaminan : :-

2.

Batas Kredit : Credit Limit :

No Perjanjian : 32 No of Agreement : 32

Jangka Waktu : 15 Mei 2008 s.d 15 Mei 2009 Effective Period

Jaminan :- -

PT WIKA INSAN PERTIWI PT WIKA INSAN PERTIWI

PT Bank Central Asia , Tbk PT Bank Central Asia , Tbk

Hak Tanggungan atas tanah dan bangunan pabrikJatiwangi, terletak di Desa Brujul Kulon, KecamatanJatiwangi, Kabupaten Majalengka, Propinsi JawaBarat, seluas 30.994 M2, sesuai dengan sertifikat HakGuna Bangunan No.00011 atas nama PT WijayaKarya Intrade senilai Rp 12.000.000.000 (Rupiahpenuh).

Security interest for land and building of Jatiwangi

plant located at Desa Brujul Kulon, Kabupaten

Majalengaka, Propinsi Jawa Barat, of 30.994 M2, in

accordance with certificate of Building Right

No.00011 in the name of PT Wijaya Karya (Persero)

of Rp 12,000,000,000 (Full amount).

Persediaan Automotive Part, Energy Conversion danGeneral Trading senilai Rp 34.000.000.000 (Rupiahpenuh).

Inventory automotive part, energy conversion and

general trading as of Rp 34,000,000,000 (Full

amount).

20. 20.

Production Machine of Rp 34,660,780,407 (Full

amount).

Trade Receivable of Rp 75,000,000,000 (Full

amount).

Piutang Usaha senilai Rp 75.000.000.000 (Rupiahpenuh).

Mesin Produksi senilai Rp 34.660.780.407 (Rupiahpenuh).

May 15, 2008 until May 15, 2009and has been extended untilOctober 22, 2009

15 Mei 2008 s.d 15 Mei 2009 dantelah diperpanjang sd 22 Oktober2009

Collateral :

Jaminan Fidusia Piutang, sesuai dengan AktaJaminan Fidusia Nomor 32, tanggal 15 Mei 2008.

Guarantee of Fiduciary Receivables, in accordance

with Deed of Fiduciary Security Number 32 dated

May 15, 2008.

Collateral :

Jaminan Fidusia Piutang, Sesuai dengan Akta Jaminan Fidusia Nomor 32, tanggal 15 Mei 2008.

Guarantee of Fiduciary Receivable in accordance

with Deed of Fiduciary Security Number 32 dated

May15, 2008.

Fasilitas transaksi Valuta Asing dengan Pre Settlement Exposure Foreign Exchange (PSE-FX) Settlement Risk (SR)

Facility of Foreign Exchange Transaction with

Presettlment Exposure Foreign Exchange (PSE-

FX)/Settlement Risk (SR)

USD 100,000 dan/jumlah maksimum SR tidak lebih dari USD 1,000,000

USD.100.000, and/or maximum SR amount shall not

exceed USD, 1,000,000

: 15 May 2008 s.d 15

May 2009

1.

2.

Berdasarkan Perjanjian Kredit tanggal 20 April 2002Nomor 005-0156-2006-000. yang telah beberapa kalidiubah, terakhir dengan Perubahan Perjanjian Kredittanggal 18 April 2009 Nomor 005-0156-2006-000dengan ketentuan dan syarat-syarat sebagai berikut:

Based on the Credit Agreement dated April 20, 2002

Number 005-0156-2006-000. which amended several

times, most recently by Changes Credit Agreement

dated April 18, 2009 Number 005-0156-2006-000 with

the terms and conditions as follows:

c. c.

81








Fasilitas Kredit : Time Loan Revolving (T/L Rev) Credit Facilites : Time Loan Revolving (T/L Rev)

Plafon : Rp 5.000.000.000 (Rupiah penuh) Plafond : Rp 5,000,000,000 (Full amount)

Jangka Waktu : 1 (satu) tahun Effective Period : 1 (One) p.a

Suku Bunga : 16% per tahun Interest Rate : 16% p.a

Provisi : 1% per tahun Provision : 1% p.a

Denda : 0,5% per bulan Penalty : 0.5% per a month

Jaminan : Collateral : :

HUTANG USAHA ACCOUNT PAYABLES

Sub Kontraktor Sub Contractor

Pemasok Supplier

Mandor Supervisor

Lain-lain Others

Jumlah Total

s.d 1 bulan up to 1 bulan

1 s.d 3 bulan 1 up to 3 bulan



> 12 bulan > 12 bulan Jumlah Total

Pihak hubungan istimewa Related Parties

Pihak ketiga The Third Parties Jumlah Total

20. 20.

Tanah dan bangunan No.23/Kembang Kuning, Bogor atasnama PT Catur Insan Pertiwi

Tanah dan bangunan No.350/Manggarai Selatan, JakartaSelatan, atas nama WidjanarkoTantono.Tanah dan bangunan No.83/Manggarai Selatan, JakartaSelatan, atas nama WidjanarkoTantono.

Land and building No. 23/Kembang

Kuning, Bogor in the name of PT

Catur Insan Pertiwi

Land and building No. 350/South of

Manggarai, South of Jakarta, in the

name of Widjanarko Tantono.

Land and building No. 83/South of

Manggarai, South of Jakarta, in the

name of Widjanarko Tantono.

1,306,997,104

Rincian hutang usaha berdasarkan umur adalah sebagaiberikut:

The details of trade payable based on aging are as follows:

369,537,485 313,277,667 19,047,448 12,888,442

402,294,087 475,221,751


2009 2008

372,140,890 505,609,244

1,306,997,104

Rincian saldo hutang usaha kepada pihak ketiga danhubungan istimewa sebagai berikut :

The details of trade payables balance to third parties andrelated parties are as follows:

2009 2008

164,219,110 187,646,75386,657,569 71,244,10853,082,990 60,283,110

2009 2008479,092,938 526,952,493379,967,303 460,870,640

59,515,116 21,326,789 1,103,504,794 1,285,670,315 1,163,019,910 1,306,997,104

1,163,019,910

1,163,019,910

21. 21.

82







HUTANG USAHA - Lanjutan ACCOUNT PAYABLES - Continued

Pihak hubungan istimewa Related Parties

Pemerintah RI/Bappenas Government RI/Bappenas

Krakatau Steel Krakatau Steel

Perum Tirta Jasa . PT Perum Tirta Jasa . PT

PTPN 3 PTPN 3 Sub Jumlah Sub Total

Pihak Ketiga The Third Parties

PT Holcim PT Holcim

PT Farika Duta Agung PT Farika Duta Agung

PT Adhimix PT Adhimix

PT Kemilau PT Kemilau

PT Wilmar Tading PT Wilmar Tading

PT Sinoma China PT Sinoma China

Kemilau PT Kemilau PT

Focon Ready Mix PT Focon Ready Mix PT

Horas PT Horas PT

Multi Structure PT Multi Structure PT

Lampiri Djaya PT Lampiri Djaya PT

Cakrawala. PT Cakrawala. PT

Interworld Steel Interworld Steel

Berkat Jaya Niaga Tama Berkat Jaya Niaga Tama

Jaya Ready mix Jaya Ready mix

Pihak Ketiga - lanjutan The Third Parties - continued

Supra Teratai Metal. PT Supra Teratai Metal. PT

System Precision. PT System Precision. PT

South East Coal Energy. PT South East Coal Energy. PT

Pramac (Asia) PTE. Ltd Pramac (Asia) PTE. Ltd

Waybee Engineering Waybee Engineering

Fira Perdana Utama. PT Fira Perdana Utama. PT

Ihtiar Bayar Utama. PT Ihtiar Bayar Utama. PT

Karya Murni Perkasa. PT Karya Murni Perkasa. PT

Varia Usaha Beton. PT Varia Usaha Beton. PT

Swadaya Multi Persada. PT Swadaya Multi Persada. PT

Pramandana Dina Lestari. PT Pramandana Dina Lestari. PT

Kopegtel D Kopegtel D

Swadaya Graha. PT Swadaya Graha. PT

Technip Technip

Puteranusa Antaria. PT Puteranusa Antaria. PT

Sinar Indah Perkasa. PT Sinar Indah Perkasa. PT

Sumiden Serasi. PT Sumiden Serasi. PT

Prasaka NAD Prasaka NAD

Synohidro Corp Synohidro Corp

Tandala B Tandala B

Delta Mas Malang Delta Mas Malang


jumlah total

- 2,090,192 - 2,206,702 -

2009 2008

- 21,326,789

- 5,746,653

- 45,885,000 - 6,307,758

22,025,696 5,469,587 - 6,307,758 - 189,050,000

59,515,116 21,326,789

7,960,326 - 12,202,651

21,556,504 - 15,148,967 - 12,008,787 -

- 8,899,120 9,150,952 2,875,511

112,138,100 7,541,055 5,021,323

- 28,241,681 9,429,491 9,554,714

- 11,799,422

- 5,248,144 - 6,904,663 -

7,073,275 - 5,859,256 - 7,553,226 -

11,121,411 - 6,180,831 - 8,991,165 -

7,581,980

- 8,169,625 - 6,333,014 -

7,260,747 - 5,070,201 - 5,348,230 -

7,411,848 - 11,111,201 - 7,642,896 -

5,460,512

1,103,504,794 1,285,670,315

1,163,019,910 1,306,997,104

Hutang usaha anak perusahaandan hutang usaha DibawahRp.5.000.000

- Subsidiary payables Under

Rp 5,000,000

- 876,321,115 828,210,711

21. 21.

55,218,222

83







HUTANG USAHA - Lanjutan ACCOUNT PAYABLES - Continued

HUTANG LAIN LAIN OTHER PAYABLES

Koperasi karyawan-Wika

Pengurusan akta jual beli, HGB,BPHTB, Realty

Buy back

Others

HUTANG PAJAK TAX PAYABLE

Akun ini terdiri dari

Hutang PajakPajak Penghasilan Income TaxPasal 21 Article 21

Pasal 23 Wapu Article 23 of wapu

Pasal 29 Article 29

Pasal 22 SPM Nihil Article 22 SPM Nihil

Final Jasa Konstruksi Final for Construction Services

Pajak Pertambahan Nilai Value Added Tax

Jumlah

Beban Pajak Penghasilan Income Tax Assessment

Beban Pajak Kini Current Tax

Beban PPh Final Jasa Konsruksi Final Tax of Construction Service

Pendapatan (Beban) Pajak Tangguhan Income (Expenses) Deferred Tax

Jumlah

Loan from government (PT Krakatau Steel (Persero)) naturity in

one year from balanced date. Agreement trade with PT

Krakatau Steel (Persero) included raw material for production.

Hutang pihak hubungan istimewa adalah hutang padaPemerintah RI (PT Tirta Jasa (Persero)) yang jatuhtempo pada satu tahun sejak tanggal neraca, perjanjiandengan PT Tirta Jasa (Persero) meliputi penjualan jasapencabutan tiang pancang.

Loan from government (PT Tirta Jasa (Persero)) naturity in one

year from balanced date. Agreement trade with PT Tirta Jasa

(Persero) included service.

Hutang pihak hubungan istimewa adalah hutang padaPemerintah RI (Bappenas) yang jatuh tempo pada satutahun sejak tanggal neraca, perjanjian denganBappenas meliputi penjualan aspal dan alumunium alloyingot.

Loan from government (Bappenas) naturity in one year from

balanced date. Agreement trade with Bappenas included

asphalt and allumunium alloy ingot.

Hutang pihak hubungan istimewa adalah hutang padaPemerintah RI (PT Krakatau Steel (Persero)) yang jatuhtempo pada satu tahun sejak tanggal neraca, perjanjiandengan PT Krakatau Steel (Persero) meliputi penjualanbahan baku produksi.

Pengurusan Akta Jual Beli,

HGB, BPHTB Realty19,164,114 22,385,080 Pembelian kembali saham - 4,464,103

Iuran dan potongan pegawailainya

1,330,933 556,921 Contributions and other

deduction from wages

Koperasi karyawan-Wika 2,938,695 455,752

22. 22.

Akun ini terdiri dari This account consits of2009 2008

Tax payable

3,911,060 2,444,400 23,809,851 13,554,220

Total

23. 23.

This account consits of

2009 2008

Lain-lain 3,303,881 5,033,082 jumlah 26,737,623 32,894,938

Total

2009 2008

(37,459,198) (72,726,644)

44,548,577 -51,399,444 16,494,674

207,151,667 106,675,119

83,347,298 74,181,825 135,437 -

Total

(123,866,051) -19,740,201 (9,034,916)

(141,585,048) (81,761,560)

21. 21.

84







HUTANG PAJAK - Lanjutan TAX PAYABLE - Continued

Beban Pajak Kini

Income before tax

based on consolidated

income statement

Dikurangi : Less:

Laba sebelum pajak penghasilan anak Income before tax of subsidiaries:

perusahaanPT Wika Beton PT Wika Beton





Laba sebelum pajak penghasilan PT Gain Before Tax of IncomeWijaya Karya (Persero) Tbk PT Wijaya Karya (Company) Tbk

Koreksi Positif : Additional:

Difference between accounting -

depreciation and tax

Beban penyisihan piutang ragu-ragu Allowance for bad debts -

Kenikmatan, sumbangan & representasi Benefit, donation & representations

Penyisihan Imbalan Pasca Kerja Allowance for post benefit -

employment

Tax fine

Penurunan persediaan Impairment of inventory

Expenses of Income tax

-year (2006)

Beban atas pendapatan yang telah Expenses of Income

di kenakan PPh Final tax-final

Koreksi Negatif : Deduction :

Selisih penyusutan menurut akuntansi Depreciation in accountancy

dan fiskal and fiscal

Pend. bunga deposito & jasa giro Interest revenue


Penyisihan Imbalan Pasca Kerja Allowance of Employment benefits

Angsuran pokok leasing Leasing Installment

Pend. telah dikenakan PPh Final Taxabale Income (final)

Penghasilan Kena Pajak Taxable Income

Pajak penghasilan Induk perusahaanKredit pajak Tax Creditable

PPh Pasal 22 import PPh Pasal 22 import

PPh Pasal 22 waba PPh Pasal 22

PPh Pasal 23 PPh Pasal 23

PPh Pasal 25 PPh Pasal 25

(7,680,797)

Laba sebelum taksiran pajakpenghasilan menurut laporan labarugi konsolidasian. 348,012,218 256,414,877

(110,268,250) (73,432,693) (40,356,878) (29,035,093)

Current tax

Rekonsiliasi antara laba komersial sebelum taksiran pajak penghasilan menurut laporan rugi laba dengan taksiranpenghasilan kena pajak adalah sebagai berikut:

Reconciliation of commercial net income before tax in

according to income statement and the estimated taxable

income are as follows:

2009 2008

(36,106,323)

40,378,240 743,475 4,347,275

5,307,095 2,355,699

Selisih penyusutan menurutakuntansi dan Pajak

35,669,971 -

(200,317,931) (116,320,528)

(3,825,164) (6,078,944) (9,761,316) (93,001)

13,904,864

(565,592) - 51,211,842

28,437 -

- 42,118,167 102,824,957 98,515,593

Sanksi administrasi ataspemeriksaan pajak 2,153,102 -

45,046,450 - Beban pajak hasil pemeriksaanPPh badan 2006

- 9,316,212

29,088,265

1,151,956 -13,996,524 -1,117,998 -

17,342,050 44,225,751 50,128,030 94,872,001

133,071,978 (112,676,936)

2,758,372 -910,905 -

823,286 -17,089,764 -

23. 23.

85








10% x 50.000 10% x

15% x 50.000 15% x

tahun 2008Beban Pajak Kini Induk Perusahaan Current tax for parent company

PPh Pajak Loan Tax of Loan

Beban Pajak Kini Anak Perusahaan Current Tax for subsidiaries





Beban pajak kini Current Tax

Pajak Penghasilan Final Jasa Konstruksi Final tax of construction service

- PT Wijaya Karya (Persero) Tbk - PT Wijaya Karya (Persero) Tbk

- PT Wijaya Karya Realty - PT Wijaya Karya Realty

- PT Wijaya Karya Gedung - PT Wijaya Karya Gedung

- PT Wijaya Karya Insan Pertiwi - PT Wijaya Karya Insan Pertiwi

Jumlah Total

Pendapatan (Beban) Pajak Tangguhan : Deferred Taxes income (expences)

Pengaruh Perbedaan Temporer Temporary deferred

Penyusutan dan Amortisasi Depreciation and amortisation

Komersial di atas Penyusutan Fiskal Depreciation Commercial on Fiscal


Employee Benefit Employee Benefit

Post-Work Compensation Liability

realized

Beban Penyisihan Piutang Allowance for bad debt

Aktiva (kewajiban) pajak tangguhan Asset (liabilities) deferred tax

Akhir tahun at ending peiod

143,637,941

43,103,882 - 5,575,689 - 37,528,193

7,500 30% x 143,637,941 - 43,091,382

- 30% x2008

50,000

50,000

- 5,000

-

Final income tax scale Construction Services has been

calculated to the company's revenue Construction Service

detail as follows:

2009 2008

100,039,001 -

35,198,452 37,459,198 72,726,645

Sehubungan dengan telah ditetapkannya PeraturanPemerintah RI No 40 Tahun 2009 yang telahdiundangkan pada tanggal 4 Juni 2009 sebagai revisi(perubahan) atas Peraturan Pemerintah No. 51 Tahun2008 tanggal 20 Juli 2008 yang diundangkan padatanggal 23 Juli 2008 tentang Pajak Atas Penghasilan Dariusaha Jasa Konstruksi sebagai pengganti PeraturanPemerintah RI No. 140 tahun 2000, PT Wijaya Karya(Persero) Tbk sebagai pelaksana konstruksi sesuai Pasal10B PP No. 40 Tahun 2009 dikenakan tarif 3% final untukkontrak yang diperoleh mulai 1 Agustus 2008. Terkecualiuntuk proyek-proyek yang didanai dari dana LOAN tidakdikenakan Pajak Penghasilan Final Jasa Konstruksi.

The stipulation in connection with Government Regulation No.

40 Year 2009 which was promulgated on June 4, 2009 as

revised (changes) of Government Regulation no. 51 In 2008

dated July 20, 2008 promulgated on July 23, 2008 on the Tax

on Income From Construction Services business as a

substitute for Government Regulation No. RI. 140 in 2000, PT

Wijaya Karya (Persero) Tbk as the executor of the construction

according to Article 10B PP No. 40 Year 2009 rates apply to

3% final contract obtained starting August 1, 2008. Except for

the projects financed from funds not subject LOAN Final

Income Tax Services Construction.

37,459,198 - 1,301,877

33,369,595 18,880,939 199,044 11,084,923

3,890,559 3,930,713

Besaran Pajak Penghasilan Final Jasa Konstruksi yangtelah diperhitungkan terhadap pendapatan Jasa Kontruksiperusahaan terinci sebagai berikut :

-

123,866,051 -

- -

- -

-

17,613,837 - 2,794,231 - 3,418,983 -

-

23. 23.

Kewajiban Imbalan Pasca Kerjayang direalisasikan

86








Aktiva (kewajiban) pajak tangguhan Asset (liabilities) deferred tax

Awal tahun at beginning peiodPendapatan (Beban) Pajak Tangguhan: Income (expense) deferred tax parent

Induk perusahaan companyPendapatan (Beban) Pajak Tangguhan: Income (expense) deferred tax parent

Anak perusahaan Subsidiaries. PT Wika Beton PT Wika Beton. PT Wika Realty PT Wika Realty. PT Wika Intrade PT Wika Intrade. PT Wika Insan Pertiwi PT Wika Insan PertiwiPend. (Beban) Pajak Tangguhan Income and (loss) deferred tax

konsolidasian Consolidated

Aktiva dan (Kewajiban) Deferred TaxPajak Tangguhan Assets and (Liabilities)

Aktiva Pajak Tangguhan Deferred Tax Assets- PT Wika Beton PT Wika Beton- PT Wika Realty PT Wika Realty- PT Wika Intrade PT Wika IntradeJumlah Aktiva Pajak Tangguhan Total Deferred Tax Asstes

Kewajiban Pajak Tangguhan Deferred Tax Liabilities- PT Wika Intrade PT Wika Intrade- PT Wika Beton PT Wika Beton- PT Wika Insan Pertiwi PT Wika Insan Pertiwi

Jumlah Aktiva (Kewajiban) Total Deferred Tax Asstes

Pajak Tangguhan Liabilities

UANG MUKA DARI PELANGGAN





PT Wika Insan Pertiwi PT Wika Insan PertiwiJumlah

BIAYA YANG MASIH HARUS DIBAYAR ACCRUED EXPENSES


Produksi Production

Usaha Business

Pengadaan Procurement

Pengelolaan Management

Biaya distribusi Distribution Cost

Pemeliharaan Maintenance

Lain-lain OtherJumlah

465,638 691,145 (154,441)

5,361,899 (2,940,302) (5,870) 2,548,794

- (8,954,605) -

- 8,954,605

13,693,027

23.

3,666,528 10,689,856 -12,495,893 3,666,528

1,671,304 -

19,740,201 9,034,916

134,733

2008

101,050,520 38,878,042 15,241,531 33,141,467

12,495,893 (3,718,383)

24. 24. ADVANCE RECEIVED FROM

- (3,690,595) - (691,146)

-- (3,003,170)

2009

655,202,468 126,054,285 104,808,006 12,483,598 15,636,121

Total

25. 25.

2009 2008

1,825,056 216,184 3,324,004 2,632,938 121,441,112 74,868,631

733,219,472

8,577,816 14,453,688 986,086,634 819,278,650 Total

2,362,392 2,056,236 94,318,936 26,279,478 9,070,135 842,653

23.

87







BIAYA YANG MASIH HARUS DIBAYAR - Lanjutan ACCRUED EXPENSES - Continued

PENDAPATAN YANG DITERIMA DIMUKA UNEARNED REVENUE


Sewa diterima dimuka Rent of Advance



PT Wika Realty PT Wika RealtyJumlah

KEWAJIBAN IMBALAN PASCA KERJA POST EMPLOYEE BENEFIT LIABILITIES

Mortalitas Mortality

Tingkat Cacat/tahun Disable rate/annum

Tingkat Pengunduran Diri/tahun Pension rate/annum

- Umur 18 - 44 Age 18 - 44 -

- Umur 18 - 44 Age 45 - 54 -

Tingkat Kenaikan Gaji/tahun Salary increase rate/annum

Bunga Teknis/tahunMetode Method

a Beban Imbalan Pasca Kerja a Post benefit employee expenses

Induk Perusahaan Parent company

- Biaya jasa kini - staff (organik) Current service cost (staff) -

- Biaya jasa kini - non staff (terampil) Current service cost - non staff -

Biaya jasa kini Perusahaan Current service cost

- Biaya Bunga -

- Biaya Aktuaria -

- Koreksi Aktuaria -

Sub Jumlah

2008

1,002,302 207,684 747,514,065 648,489,374

Biaya produksi yang masih harus dibayar merupakankewajiban yang balum ditagihkan oleh pihak ketigamaupun tenaga kerja proyek sehubungan denganpengeluaran-pengeluaran untuk proyek di lapangan.

Accrued production expenses represents amount outstanding

from project expenditures that should be paid to third parties or

project temporary workers.

Biaya usaha yang masih harus dibayar merupakankewajiban yang belum ditagihkan oleh pihak ketigasehubungan dengan aktivitas umum dan administrasiperusahaan.

Operating Expenses which still have to be paid represent

obligation which not yet been billed from third party referring to

public activity and company administration.

26. 26.

2009

25. 25.

Using primary assumption to benefit expenses are as follows:

2009 2008CSO - 1980

0,01% 0,01%

Total

27. 27.

Perusahaan telah menghitung kewajiban sehubungandengan undang-undang Ketenagakerjaan No. 13/2003.

The company have been calculating their obligation in

connection with Labor Law No. 13/2003.

Penilaian aktuaria atas imbalan pasca kerja pensiuntanggal 31 Desember 2009 dan 2008, dilakukan olehperusahaan konsultan aktuaria PT Dian Artha Tama,dengan menggunakan metode Projected Unit Credit.

Appraisal actuarist of employment benefit at December 31

2009 and 2008 calculated by actuary PT Dian Artha Tama,

using Projected Unit Credit Method.

6,839,627 2,434,340 1,083,599 941,577

756,439,593 652,072,975

Asumsi-asumsi yang digunakan dalam perhitungan diatas adalah sebagai berikut :

246,450 2,537,800 1,608,842 2,455,450 2,157,288

12% 10,50%Projected Unit Credit

2009 2008

2,189,133 1,362,392

1% 1%0,05% 0,5%

5% 7%

348,667

4,630,764 2,355,699 Sub total

Interest Cost (989,033) (1,567,281) Assets actuaria 626,548 156,850

88







KEWAJIBAN IMBALAN PASCA KERJA - Lanjutan POST EMPLOYMENT BENEFIT LIABILITIES - Continued

Anak Perusahaan Subsidiaries

- PT Wika Beton PT Wika Beton -

- PT Wika Realty PT Wika Realty -

- PT Wika Intrade PT Wika Intrade -

- PT Wika Insan Pertiwi PT Wika Insan Pertiwi -

Sub JumlahJumlah

b Jumlah kewajiban yang diakui di b Balance sheet recognized of liabilities

Neraca amount


- Nilai sekarang kewajiban imbalan Present value post benefit employee -pasca kerja liabilities

- Nilai wajar aktiva kewajiban imbalan pasca kerja Fair Value post benefit -

Status Pendanaan Funded status

- Koreksi aktuaria yang belum diakui Unrecognized of actuarial gain (loss) -Sub Jumlah Sub total


- PT Wika Beton PT Wika Beton -- PT Wika Realty PT Wika Realty -- PT Wika Intrade PT Wika Intrade -- PT Wika Insan Pertiwi PT Wika Insan Pertiwi -

Sub Jumlah Sub totalJumlah

c Perubahan kewajiban yang dicatat c Changes in liabilities that recordeddi neraca in balance sheet


- Kew. Imbalan pasca kerja awal Balance post benefit employment -

tahun liabilities

- Pemb. Imbalan Pasca kerja -

- Pend. (beban) Imbalan Pasca Revenue (cost) of post benefit -

Kerja employment

Sub jumlah

- PT Wika Beton PT Wika Beton -

- PT Wika Realty PT Wika Realty -

- PT Wika Intrade PT Wika Intrade -

- PT Wika Insan Pertiwi PT Wika Insan Pertiwi -

UANG MUKA PROYEK JANGKA PANJANG ADVANCE FOR LONG TERM PROJECTS


RupiahDollar Amerika Serikat

Jumlah

549,488 636,865 2,303,819 3,354,218 5,264,225

1,261,027 1,834,225 632,357 576,693 823,969

(11,702,727) 4,630,764 2,961,441

35,839,654 24,554,499

(13,677,752) (9,890,331) 22,161,902 14,664,168

Sub total

7,984,982 7,619,924 Total

2009 2008

(17,531,138)

8,037,914 Total

2,961,441 805,850

(2,961,441) (200,107) Payment of post benefit

743,921 463,727 2,363,567 2,303,819 6,828,377 5,076,473

3,088,532 1,827,505 632,357 481,422

11,459,141

463,727 2,363,567 2,303,819

Sub Jumlah 7,372,153 5,076,473


3,088,532 1,827,505 632,357 481,422

4,630,764 2,355,698

4,630,764 2,961,441 Sub total

Rupiah

117,856,869 - US Dollar

617,371,349 665,257,512 Total

28. 28.

2009 2008 499,514,480 665,257,512

Sub totalJumlah 12,002,917 8,037,914 Total

27. 27.

1,287,696

89







UANG MUKA PROYEK JANGKA PANJANG - Lanjutan ADVANCE FOR LONG TERM PROJECTS - Continued

Rincian uang muka berdasarkan unit kerja adalah sebagai The advance details per unit are

berikut: as follows :

Departemen Sipil Umum Department of General Civil

Departemen Bangunan Gedung Department of Building Construction

Departemen Utilitas Departemen Utilitas

Departemen EPC Departemen EPC

Dep. Wilayah dan Luar Negeri Department of Regional and Foreign

PT Wika GedungJumlah Total

Rincian uang muka berdasarkan proyek adalah sebagai The advance details per project are

berikut: as follows :

Pembangunan Jalan

Tol Surabaya - Mojokerto Jatim Surabaya - Mojokerto Jawa Timur

Proyek Sorek Meranti Sumbar Sorek Meranti Project, West Sumatera

Pemb.Balantang Port Balantang Port

Pemb.PLTU Lab. Angin Sumut PLTU Labuhan Angin, North Sumatera

Pemb.Pab. Tower Meterindo Jakarta Tower Meterindo, Jakarta

Pemb.Mall Lucky Square Bandung Mall Lucky Square, Bandung

Pemb.Bendung Bendali lll Bendung Bendali lll

Pemb.Rev. Pant. Amal Tarakan Revetment Amal Tarakan Beach.

Pemb.Saluran Air Panti Rao Sumbar Saluran Air Panti Rao, West Sumatera

Pemb.Methanol Brunei Jakarta Plant Methanol Brunei, Jakarta

Pab. Kons. Baja Teluk Naga Jakarta Konstruksi Baja teluk Naga Jakarta

PLN Pikitring PLN Pikitring

Pemb.PLTU Pel. Ratu Jawa Barat PLTU Pelabuhan Ratu,west java

Pemb.Alfa. Cikarang Jawa Barat Alfamart Cikarang west java

Pipanisasi Pertamina Balongan Jabar Piping Pertamina Balongan west java

Pemb.Per. Calang Aceh (CRC) Housing Calang Aceh (CRC)

Pemb.Apart. Belleza ME Jakarta Apartment Belleza ME Jakarta

Menara Nusa Finishing Menara Nusa Finishing

Pemb.Masjid Polres Jakarta Utara North Jakarta Police Office Mosque

PCC Grinding Indo. Palimanan PCC Grinding Indocement Palimanan

Pemb.Indocement Hambalang Indocement Hambalang

Pemb.Pabrik Kelapa Sawit Lebak Plant Kelapa Sawit Lebak

Banten Malimping Jabar Malimping Jabar

Pemb.Apart. Adhiwangsa Surabaya Apartment Adhiwangsa Surabaya

Pemb.Mall Paragon Solo Mall Paragon Solo

Pemb.Apartemen Cervino Jakarta Apartment Cervino Jakarta

Pemb.Apartement Trilium Apartment Trilium

Pemb.Hotel Meritus Surabaya Meritus Inn Surabaya

Pemb.Gedung Astra Jakarta Gedung Astra Jakarta

Pemb.Mall Paragon Semarang Mall Paragon Semarang

Pemb. BSD Entertainment Centre BSD Entertainment Centre

Apart. MT Haryono Square Jakarta Apartment MT Haryono Square

Pemb. RSIA YPK Mandiri Jakarta RSIA YPK Mandiri jakarta

Rehab. Bandara Polonia Medan Rehabilitasi Bandara Polonia Medan

Rehabilitasi bandara Adi Sumarmo Rehabilitasi Bandara Adi Sumarmo

East West Motorway Algeria East West Motorway Algeria

Production of Concrete Pipe Algeria Production of Concrete Pipe Algeria

Pemb. PLTU Jetty Labuan PLTU Jetty Labuan

Pemb. PLTU Labuan Banten PLTU Labuan Banten

Pemb. PLTU Sulawesi Utara PLTU Sulawesi Utara

24,503,848 - 617,371,349 665,257,512

2009 2008

282,359,845 98,765,537 62,084,274 121,880,895

94,772,989 168,844,550 53,184,393 128,589,212

100,466,000 147,177,318

- 3,426,037 - 1,300,779

1,549,531 1,549,531 - 347,761

- 876,893 - 240,309

Toll Way

60,000,000 60,000,000 - 968,713

- 35,370 - 190

- 9,037,572 - 4,579,136

18,457,760 24,041,204 - 645,653

- 906,342 - 883,247

- 708,265 - 1,050,193

1,096,039 6,492,906 1,461,150 18,365,333

10,000,000 16,477,273 - 6,434,084

17,975,161 38,773,139 - 6,126,727

- - 5,940,845

- 71,418 - 8,031,689 - 828,240

1,215,577 17,398,576 3,816,637 15,024,707

29,986,972 77,305,646 - 25,054,149

- 4,477,273 - 35,977,574

2,241,377 7,373,645 2,799,928 2,085,602

3,021,832 20,559,926 - 2,408,108

14,975,666 39,017,302

28. 28.

90







UANG MUKA PROYEK JANGKA PANJANG - Lanjutan ADVANCE FOR LONG TERM PROJECTS - Continued

Pemb. RFO II Gersik RFO II Gersik

Pemb. Cement Mill Palimanan Cement Mill Palimanan

Pemb. GPPP Switchyards GPPP Switchyards

Pemb. PLTU Kalimantan Selatan PLTU Kalimantan Selatan

Gardu Induk Muara Karang Jakarta Gardu Induk Muara Karang Jakarta

PKS PT Buana Karya (Kalsel) PKS PT Buana Karya (Kalsel)

Pengendalian Banjir Kanal Timur Pengendali Banjir Kanal Timur

Pemb. Mall Balikpapan Kalimantan Mall Balikpapan Kalimantan

Proyek. Amplas FO Sumatra Utara Amplas FO Sumatra Utara

Normalisaasi Kali Cisadane Hilir Normalisaasi Kali Cisadane Hilir

Proyek Dermaga Sampit Kalimantan Dermaga Sampit Kalimantan

Proyek Kelinjau Kelinjau

Proyek Ware House Soho jakarta Whare HouseSoho jakarta

PLTU Indramayu Jawa Barat PLTU indramayu. Jawa Barat

Dermaga Calang Dermaga Calang

Proyek Berau Berau

Proyek jalan layang OLC KPC Fly Over OLC KPC

Jalan Alam Sutera Tanggerang Jalan Alam Sutera Tanggerang

Proyek Collection Road Wahau Collection Road Wahau

Tower Excelcomindo Tower Excelcomindo

Proyek Perumahan Lamno NAD Residence of Lamno NAD

Pemb. Jalan & Infrastruktur Nabire Road & Infrastructure Nabire

Pemb. Jalur Ganda Serpong Maja Jalur Ganda Serpong Maja

Pemb. DAM Trembesi Batam DAM Trembesi Batam

Reklamasi Pantai Kubu Reclamation Kubu beach

Civil Work of Alabio Irrigation Civil Work of Alabio Irrigation

Proyek PLTU Tanjung Priok PLTU Tanjung Priok

Proyek PLTU Nagan Raya NAD PLTU Nagan Raya NAD

Proyek PLTU SulUt Proyek PLTU SulUt

Proyek PLTU Pelabuhan Ratu Proyek PLTU Pelabuhan Ratu

Pemb SMA Pintar Riau SMA Pintar Riau

Pemb Sport Center Kuansing Riau Sport Center Kuansing Riau

Pemb Bandara Kualanamu Bandara Kualanamu

Pantai Amal Tarakan Pantai Amal Tarakan

Pemb. Jalan Akses Cemara Akses Cemara

Pemb. Bendungan Poso Dam. Poso

DPPU Kualanamu DPPU Kualanamu

Pemb Indocement P3 & P4 Pemb Indocement P3 & P4

Proyek proyek PT Wika Gedung The projects of PT Wika Gedung

Proyek proyek PT Wika Insan Pertiwi The projects of PT Wika Insan Pertiwi

Lain-lain dibawah Rp 1.000.000 Lain-lain dibawah Rp 1,000,000

Jumlah

49,787,180 16,483,562 18,398,998 48,149,657 - 167,536

- 906,307 - 10,200,000 - 17,813,342

- 14,941,965 - 12,047,271

- 2,414,400 2,790,965 9,003,175

- 1,584,421 - 3,484,689

- 5,900,278 16,850,898 26,303,636

6,692,451 11,054,051 - 423,822

15,392,596 - 7,849,353 - 2,537,062 -

3,077,886 - 5,198,787 -

- 35,757 - -

- 3,143,173 - 1,179,113

2,862,376 15,200,000

7,217,442 - 43,896,462 - 1,292,501 -

- -

4,852,837 -

170,721,140 - 2,150,202 -

6,659,434 - 24,503,848 - 3,316,318 -

35,958,491 -

1,622,911 - 4,931,008 -

Konsekuensi apabila pekerjaan konstruksi tidak dapatdiselesaikan tepat waktu adalah denda keterlambatan(yang umumnya sebesar 0,1% dari nilai awal kontrakperhari keterlambatan) sampai maximal 5% dari nilaikontrak awal.

Consequences if the construction activites fail to be completed

inpunctual time, the consequent shall be penalty for the the

delay (it shall be generaly 0,1% of initial contracted value per

delay day until maximum of 5% of intial contracted value.

10,212,572 -

617,371,349 665,257,512 Total

28. 28.

91







KEWAJIBAN JANGKA PANJANG LONG TERM LIABILITY

PT Bank Mandiri (Persero) Tbk, PT Bank Mandiri (Persero),Tbk.

Dikurangi:Bagian jatuh tempo Deduction: part of due within

dalam waktu satu tahun the period of one year Bagian jangka panjang Long term part

HAK MINORITAS MINORITY INTEREST

Rincian hak minoritas pada perusahaan anak : The minority interest in subsidiares as follow:

PT Wijaya Karya Beton PT Wijaya Karya Beton

PT Wijaya Karya Intrade PT Wijaya Karya Intrade

PT Wijaya Karya Realty PT Wijaya Karya Realty

PT Wijaya Karya Insan Pertiwi PT Wijaya Karya Insan Pertiwi

PT Wijaya Karya Building PT Wijaya Karya Building

PT Wijaya Karya Jabar Power PT Wijaya Karya Jabar Power

Jumlah

MODAL SAHAM CAPITAL STOCK

2009 2008 - 30,000,000

29. 29.

2009 2008 61,663,248 38,494,682 5,603,682 23,779,376

30. 30.

Akun ini merupakan kewajiban pada pemegang sahamminoritas atas kekayaan pada anak perusahaan, yang diperhitungkan berdasakan persentase modal yang disetor.

This account is an obligation to the minority shareholders on

asset of the subsidiaries, which calculated based on the

percentage of paid-up capital.

Sehubungan dengan dilaksanakannya program MESOP(Management Employee Stock Option Program) yaituopsi kepemilikan saham PT Wijaya Karya (Persero) Tbkdi perusahaan anak oleh manajemen dan pegawai PTWijaya Karya (Persero) Tbk, maka persentase minoritasmengalami kenaikan sebesar rata-rata 21,6%.

Related to conducting MESOP program (Management

Employee Stock Opiton Program) which is option of stock

ownership of PT Wijaya Karya (Persero) Tbk at subsidiary

company by management and employes of PT Wijaya Karya

(Persero) Tbk, percentage minority of interested increased

becomes 21.6% in averages.

- 23,574,000 - 6,426,000

PT Wijaya Karya Intrade memperoleh fasilitas kreditinvestasi dari PT Bank Mandiri (Persero) Tbk.sesuai AktePerjanjian Kredit antara PT Wijaya Karya Intrade denganPT Bank Mandiri (Persero) Tbk. No:CGB.ONE/SPPK.RD2.087/2008 tanggal 16 Juli 2008,dengan jangka waktu sejak penandatanganan PerjanjianKredit sampai dengan 23 Maret 2010, tingkat suku bunga11% p.a. Angsuran pokok dilakukan setiap tanggal 23pada setiap triwulan. Jaminan cross default dan crosscollateral dengan fasilitas Kredit Modal Kerja (lihatcatatan 20).

PT Wijaya Karya Intrade obtains investment credit facility from

PT Bank Mandiri (Persero), Tbk, pursuant to Deed of credit

Agreement made between PT Wijaya Karya intrade and PT

Bank Mandiri Tbk, No: CGB.ONE/SPPK.RD2.087/2008 dated

July 16 2008 within the period upon the signing of credit

Agreement until March 23 2010,with the interest of 11% p.a

principal installment shal be made on every the 23d day of each

quarter,cross default and cross collateral security with working

capital credt facility (please see note 20).

31. 31.

Susunan pemegang saham pada tanggal 31 Desember2009 berdasarkan catatan yang dibuat oleh PT DatindoEntrikom, biro administrasi efek.sesuai suratNo.DE/XII/09-4498 tanggal 14 Desember 2009,No.DE/XII/09-4504 tanggal 15 Desember 2009,No.DE/XII/09-4520 tanggal 17 Desember 2009 adalahsebagai berikut:

The structure of shareholders dated December 31 2009 under

the notes made by PT Datindo Entrikom, stock administration

bureau, pursuant to letter No.DE/XII/09-4498 tanggal December

14, 2009, No.DE/XII/09-4504 tanggal December 15, 2009,

No.DE/XII/09-4520 tanggal December 17, 2009 as follows :

3,998,999 - 102,773,556 82,756,205 Total

25,730,144 14,827,339 5,207,211 5,154,808 570,272 500,000

92







MODAL SAHAM - Lanjutan CAPITAL STOCK - Continued

Saham Preferen (Seri A Dwiwarna)Pemerintah Republik Indonesia Saham Biaya (Seri B)Pemerintah Republik Indonesia Komisaris / Commisioner :Ir. Agoes Widjanarko.MIP ( Kom. Utama/ Pres. Commisioner )Pontas Tambunan, SH. MM. (Komisaris / Commisioner)

Soepomo ,SH,SP.N, L.LM ( Komisaris / Commisioner )

Direksi / Director

R.Ganda Kusuma (Direktur Keuangan/ Financial Director )Budi Harto ( Direktur Operasi I / Operational Director I )Slamet Maryono (Direktur Operasi II / Operationa l Director II )Tonny Warsono (Direktur SDM dan Pengembangan/

Director of Human Resources and Development)

Karyawan melalui ESA/Employee via ESA

Karyawan melalui ESOP/MSOP /Employee via ESOP/MSOPMasyarakat/PublicJumlah Modal Ditempatkan dan Disetor PenuhTotal Paid In Capital

123,500 Shares Implementation option ESOP / MSOP stage I

15,000 Shares Implementation option ESOP / MSOP stage II

Jumlah saham Nilai nominal/Par Value%

(Total stock) Rupiah penuh/Full In Rupiah

912,000 91,200,000 0.02%

793,000 79,300,000 0.01%

1,013,500 101,350,000 0.02%1,865,000 186,500,000 0.03%

1 100 0.00%

3,999,999,999 399,999,999,900 68.42%

213,500 21,350,000 0.00%1,647,413,000 164,741,300,000 28.18%

4,742,000 474,200,000 0.08%183,769,500 18,376,950,000 3.14%

904,000 90,400,000 0.02%4,742,000 474,200,000 0.08%

Berdasarkan catatan yang dibuat oleh PT Datindo Entrikom, biro administrasi efek.sesuai surat No.DE/XII/09-4520tanggal 17 Desember 2009 adalah sebagai berikut:

Based on notes made by PT Datindo Entrikom, stock

administration bureau , pursuant to letter No.DE/XII/09-4520

letter dated December 14, 2009 are as follows:

Pelaksanaan opsi ESOP/MSOP tahap I 123.500 LembarsahamPelaksanaan opsi ESOP/MSOP tahap II 15.000 lembarsaham

Agio dari realisasi eksekusi oleh karyawan perusahaan atasopsi saham untuk ESOP/MSOP tahap I dan II adalahsebesar Rp 47.554.990 (agio opsi tahap 1 = Rp 20.046.600dan agio opsi tahap 2 = Rp 27.508.390)

Premium share of the realization of the execution by the

company's employees stock options for the ESOP / MSOP

stage I and II is Rp 47,554,990 (premium option stage 1 = Rp

20,046,600 and premium option stage 2 = Rp 27,508,390)

Pelaksanaan opsi ESOP/MSOP tahap II 60.000 lembarsaham


Berdasarkan catatan yang dibuat oleh PT Datindo Entrikom, biro administrasi efek.sesuai surat No.DE/XII/09-4504tanggal 15 Desember 2009 adalah sebagai berikut:




Pelaksanaan opsi ESOP/MSOP tahap II 15.000 Lembarsaham


5,846,367,500 584,636,750,000 100%

Penambahan saham baru PT Wijaya Karya (Persero) Tbkterhadap hasil pelaksanaan opsi ESOP/MSOP adalahsebesar 213.500 lembar saham.

Addition of new shares of PT Wijaya Karya (Persero) Tbk for

the implementation of the option ESOP / MSOP is 213,500

shares.

Berdasarkan catatan yang dibuat oleh PT DatindoEntrikom, biro administrasi efek.sesuai suratNo.DE/XII/09-4498 tanggal 14 Desember 2009 adalahsebagai berikut:




Susunan pemegang saham pada tanggal 31 Desember2008 berdasarkan catatan yang dibuat oleh PT DatindoEntrikom, biro administrasi efek.sesuai surat No.DE/I/09-0055 tanggal 8 Januari 2009, adalah sebagai berikut:

The structure of shareholders dated December 31 2008 under

the notes made by PT Datindo Entrikom, stock administration

bureau, pursuant to letter No.DE/I/09-0055 dated January 8,

2009 as follows :

31. 31.

93








Saham Preferen (Seri A Dwiwarna)Pemerintah Republik Indonesia Saham Biaya (Seri B)Pemerintah Republik Indonesia Komisaris/Commisioner :Ir. Agoes Widjanarko.MIP(Komisaris Utama/Pres. Commisioner )Pontas Tambunan, SH. MM. (Komisaris/Commisioner

Soepomo ,SH,SP.N, L.LM (Komisaris/Commisioner

Direksi/Director

R.Ganda Kusuma (Direktur Keuangan/Financial Director )Budi Harto (Direktur Operasi I/Operational Director I )Slamet Maryono (Direktur Operasi II/Operational Director II )Tonny Warsono (Direktur SDM dan Pengembangan/

Director of Human Resources and Development)

Karyawan melalui ESA /Employee via ESA

Masyarakat/PublicJumlah Modal Ditempatkan dan Disetor Penuh/Total Paid In Capital

1 1

1,013,500 101,350,000 0.02%1,865,000 186,500,000 0.03%

1 100 0.00%

3,999,999,999 399,999,999,900 68.42%

Jumlah saham Nilai nominal/Par Value%

(Total stock) Rupiah penuh/Full In Rupiah

4,742,000 474,200,000 0.08%183,769,500 18,376,950,000 3.14%

904,000 90,400,000 0.02%4,742,000 474,200,000 0.08%

912,000 91,200,000 0.02%

793,000 79,300,000 0.01%

Kapitalisasi selisih (keuntungan) penilaian KembaliAktiva Tetap sebesar Rp 87.635.040.495 (Rupiahpenuh) ;

Capitalization of the discrepancy (gain) in the ReevaluatIon

of the Fixed Assets of Rp 87,635,040,495 (Full amount) ;

Berdasarkan akta perubahan anggaran dasar nomor 6tanggal 1 Juni 2001 oleh Nila Noordjasmani SoeyasaBesar,SH. Notaris dari pengganti Imas Fatimah,S.H. yangtelah disetujui peningkatan modal ditempatkan dandisetor Perseroan dari Rp 68.000.000.000 (Rupiahpenuh) yang terbagi atas 68.000 saham menjadi Rp69.523.000.000 (Rupiah penuh) terbagi atas 69.523saham. Penambahan modal ditempatkan dan disetorsebesar Rp 1.523.000.000 (Rupiah penuh) berasal daritambahan penyertaan modal pemerintah nomor 85 Tahun2000 tanggal 28 September 2000.

Based on the deed of amandment to Articles of Association

from deed No. 6 of Nila Noordjasmani Soeyasa Besar, SH. The

successor of Notary Imas Fatimah, S.H, dated June 1, 2001,

has been agreed for the addition of the issued and fully-paid

capital (paid-in capital) of the company from Rp 68,000,000,000

(Full amount) represented by 68,000 shares becoming Rp

69,523,000,000 (Full amount) comprised of 69,523 shares. The

addition of paid-in capital amounting to Rp 1,523,000,000 (Full

amount) was generated from the Additional paid-in capital

based on Government Regulations No.85 dated September 28,

2000.Berdasarkan Rapat Umum Pemegang Saham Luar Biasa(RUPSLB) tanggal 14 Juni 2007 telah disetujui dandisahkan perubahan nilai nominal saham Perusahaandari Rp 1.000.000 (Rupiah penuh) setiap saham menjadiRp 100 (Rupiah penuh) seiap saham,Peningkatan ModalDasar Perusahaan dari Rp 260.000.000.000 (Rupiahpenuh) menjadi Rp 1.600.000.000.000 (Rupiah penuh).Peningkatan Modal Ditempatkan dan Disetor dalamPerusahaan yang dilakukan oleh Negara RepublikIndosesia, yaitu dari Rp 69.523.000.000 (Rupiah penuh)yang terbagi atas 69.523 saham menjadi sebesar Rp400.000.000.000 (Rupiah penuh) yang terbagi atas4.000.000.000 saham,terdiri dari saham seri A Dwiwarna1 saham dan saham seri B 3.999.999.999 saham.

Under the resolutions of the Extraordinary General Meeting of

Shareholders of June 14, 2007, the change in the nominal

value of the shares of the company was agreed on and

validated from Rp 1,000,000 (Full amount) for each share to Rp

100 (Full amount) for each; likewise,the incresase in the

authorized capital of the company from Rp 260,000,000,000

(Full amount) to Rp 1,600,000,000,000 (Full amount).

Likewise,the increase in the Paid-in and paid-upcapital in the

company made by the state of the Republic of Indonesia, from

by Rp 69,523,000,000 (Full amount) divided into 69,523.

Became to Rp 400,000,000,000 (Full amount) , divided to

4,000,000,000 shares,consist of series A Dwiwarna 1 share

and series B 3,999,999,999 shares.

Peningkatan Modal ditempatkan dan disetor dalamperseroan sebesar Rp 330.477.000.000 (Rupiah penuh)berasal dari:

The increase in the paid-in and paid-up capital in the company

of Rp 330,477,000,000 (Full amount) came from :

1,647,413,000 164,741,300,000 28.18%

5,846,154,000 584,615,400,000 100%

31. 31.

94








2 2

3 3

4 4

MODAL SAHAM YANG DIPEOLEH KEMBALI TREASURY STOCK

Kapitalisasi selisih positif ekuitas anak perusahaansebesar Rp.19.264.853.100 (Rupiah penuh) ;

Capitalization of the positive discrepancy in the equity of the

subsidiaries of Rp 19,264,853,100 (Full amount) ;

Kapitalisasi saldo laba perseroan sampai dengan 31Desember 2006 sebesar Rp. 223.594.543.514( Rupiahpenuh) ;

Capitalization of the company's profit balance up to

December 31, 2006 of Rp 223,594,543,514 (Full amount) ;

Pada tahun 2004 PT Wika Beton telah mengalamiperubahan komposisi modal dimana modal disetormeningkat dari Rp 44.500.000.000 (Rupiah penuh).Menjadi Rp 80.000.000.000 (Rupiah penuh) yangberasal dari kapitalisasi laba ditahan dan revaluasiaktiva tetap.Perubahan ekuitas anak perusahaantersebut mengakibatkan nilai investasi bersihperusahaan meningkat sebesar Rp 19.246.853.100(Rupiah penuh).

In 2004, PT Wika Beton changed the composition of capital in

which the paid up capital increases from Rp 44,500,000,000

(Full amount) to be Rp 80,000,000,000 (Full amount) sourcing

from retained profit capitalization and revaluation of fixed asset.

The changes of subsidiaries equity shall result in the net

investment value of the company increase up to Rp

19,246,853,100 (Full amount).

Berdasarkan Rapat Umum Pemegang Saham LuarBiasa (RUPSLB) tanggal 14 Juni 2007, kapitalisasiselisih positif ekuitas anak perusahaan sebesar Rp19.246.853.100 (Rupiah penuh), dikapitalisasi sebagaisetoran modal.

Pursuant to resolution of Extraordinary General Meeting of

Shareholders dated June 14, 2007, Capitalization of the positive

discrepancy of the subsidiaries' equity of Rp 19,246,853,100

(Full amount) shall be capitalized as capital deposit.

32. 32.

Tambahan modal disetor sebesar Rp 562.891 (Rupiahpenuh) ;sebagai akibat selisih kekayaan sisa hasillikuidasi PT Kertas Gowa;

Addition to the paid-up capital of Rp 562,891 (Full amount);

as a result of the discrepancy assets as a result of the

remaining liquidition proceeds of PT Kertas Gowa ;

Perusahaan melakukan penilain kembali atas aktivatetapnya yang telah disetujui Menteri NegaraPendayagunaan BUMN dengan surat No. S-315/M-PBUMN/2000 tanggal 28 Juni 2000 dan berdasarkanketentuan Menteri Keuangan No.384/KMK.04/98tanggal 14 Agustus 1998.

The company has conducted to reevaluation of fixed asset as

approved by the state Minister for the supervision of state

Owned Enterprise by the letter No. S-315/M-PBUMN/2000

dated June 28 2000 and on the basis of Minister of Finance

No.384/KMK.04/98 dated August 14, 1998.

Berdasarkan Rapat Umum Pemegang Saham LuarBiasa (RUPSLB) tanggal 14 Juni 2007, Kapitalisasiselisih(keuntungan) penilaian Kembali Aktiva Tetapsebesar Rp 87.635.040.495 (Rupiah penuh),dikapitalisasi sebagai setoran modal.

On the basis of Resolution of Extraordinary General Meeting of

shareholders dated June 14, 2007, Capitalization of the

discrepancy (gain) of reevaluation of fixed asset of Rp

87,635,040,495 (Full amount), shall be capitalized as capital

deposit.

Berdasarkan Undang-Undang Nomor 40 tahun 2007tentang Perseroan Terbatas Pasal 37 ("UU No.40 Tahun2007) dan lampiran Keputusan Ketua Badan PengawasPasar Modal dan Lembaga Keuangan Nomor :KEP-401/BL/2008 Peraturan XI.B.3 : Pembelian KembaliSaham Emiten atau Perusahan Publik Dalam KondisiPasar yang berpontesi Kritis, Perusahaan memutuskanuntuk melaksanakan Program Pembelian Kembali Saham(Buyback).

Pursuant to Law Number 40 Year 2007 regarding Limited

Liability Company in Article 37 and 38 ("Law No.40 Year 2007)

and Attachment of Decree of Chairman of Supervisory agency

for capital market and financial institution Number KEP-

401/BL/2008 of Regulation XI.B.3:Emiten Sock Repurchasor

Public Company.In critical potencial market condition, the

company hereto shall decide to implement Stock Buyback

Program.

31. 31.

95







MODAL SAHAM YANG DIPEOLEH KEMBALI - Lanjutan TREASURY STOCK - Continued

- Modal Ditempatkan dan Disetor Penuh - Full Subrscribed and Paid Up Capital

- Tambahan Modal Disetor-Agio Saham - Additional Paid Up Capital-Premium

- Modal Ditempatkan dan Disetor Penuh - Full Subrscribed and Paid Up Capital

- Tambahan Modal Disetor-Agio Saham - Additional Paid Up Capital-Premium

TAMBAHAN MODAL SETOR ADDITIONAL PAID-IN CAPITAL

Akun ini terdiri dari : This account shall be as follows:

Selisih kekayan sisa hasil likuidasi PT Kertas Gowa Assets from take over PT Kertas Gowa

Kapitalisasi ke Modal Disetor Capitalization to paid capital

Agio dari penawaran umum saham : Premium from initial public offering

Opsi Saham (ESOP/MSOP) Tahap 1 1st Stage of ESOP/MSOP

Opsi Saham (ESOP/MSOP) Tahap 2 2nd Stage of ESOP/MSOP

Agio opsi ESOP/MSOP Tahap 1 & 2 Premium from ESOP/MSOP stage 1-2

Biaya Emisi saham Share in issuance cost

Discount of Buyback Expense

12,744,800 11,461,806

Jumlah 24,206,606 Total

Berdasarkan akte RUPS No.26 tanggal 28 Mei2009,periode perolehan kembali saham tahap II telahdijadwalkan tanggal 23 Februari 2009 sampai dengan 22Mei 2009 dengan rencana Perolehan Kembali Sahamtotal sebanyak 33.407.500 lembar saham. RealisasiPerolehan Kembali Saham sampai dengan periode 31Desember 2009 adalah sebanyak 33.407.500 lembarsaham dengan harga perolehan sebesar Rp7.277.630.095.

Based on Extraordinary General Meeting of Shareholders deed

No.26 dated May 28, 2009,Period of Reacqusition of Shares at

phase II has been scheduled on Februari 23, 2009 until May 22,

2009 by the plan of total share Reacquisition of 33,407,500

shares. Realization of Share Reacqusition until within the period

of December 31, 2009 shall be 33,407,500 shares with the total

acqusition price of Rp 7,277,630,095.

Reacquired shares shall be recorded using par value method

and preserved as the deducation of acounts set forth as

follows:

32. 32.

Periode Perolehan Kembali Saham dijadwalkan tanggal13 Oktober 2008 sampai dengan 13 Januari 2009 denganrencana Perolehan Kembali Saham total sebanyak143,279,000 lembar saham. Realisasi Perolehan KembaliSaham sampai dengan periode 31 Desember 2008adalah sebanyak 12,744,800 lembar saham denganharga perolehan sebesar Rp 24,206,606.

Period of Reacquisition of Shares be scheduled on October 13,

2008 until January 13, 2009 by the plan of total share

Reacquisition of 143,279,000 shares. Realization of Share

Reacquisition until within the period of December 31 2008 shall

be 12,744,800 shares with the total acquisition price of Rp

24,206,606.

Saham-saham yang diperoleh kembali tersebut dicatatdengan menggunakan metode nilai nominal (par valuemethod) dan disajikan sebagai pengurang akun-akunsebagai berikut:

(11,461,806) 564,159,304 565,877,973

47,555 - (15,797,710) (15,797,710)

5,859,391 2,368,209 659,599 -

- 563

Saham-saham yang diperoleh kembali tersebut dicatatdengan menggunakan metode nilai nominal (par valuemethod) dan disajikan sebagai pengurang akun-akunsebagai berikut :

Reacquired shares shall be recorded using par value method

and preserved as the deducation of acounts set forth as

follows:

17,668,650 17,378,811

Jumlah 35,047,461 Total

Disagio atas Saham yangdiperoleh kembali

- (563) 590,769,280 590,769,280

(17,378,811)

33. 33.

96







TAMBAHAN MODAL SETOR - Lanjutan ADDITIONAL PAID-IN CAPITAL - Continued

ADDITIONAL PAID-IN CAPITAL FROM STOCK

OPTION (ESOP / MSOP)

Saham yang didistribusikan akan diambil dari saham dalamportepel, dan bukan merupakan saham yang telahditerbitkan atau dibeli kembali oleh perusahaan.

Shares are distributed will be taken from stocks in the portfolio,

and not a stock that has been issued or bought back by the

company.

TAMBAHAN MODAL DISETOR YANG BERASAL DARI

OPSI SAHAM (ESOP/MSOP)

Beban kompensasi ditentukan berdasarkan nilai wajar padatanggal pemberian opsi, Nilai wajar setiap opsi yangdiberikan ditentukan dengan menggunakan metodepenentuan harga opsi "Black Scholes" dengan asumsisebagai berikut :

The burden of compensation is determined based on fair value

at the date of granting options, fair value of each option granted

is determined using option pricing methods "Black Scholes"

with the following assumptions:

Agio Saham Bersih dari IPO (15,206,941) Net Premium

Opsi Pembelian Saham untuk Manajemen dan

Karyawan (ESOP/MSOP)

Shares Purchase Optional Plan for Management and

Employees

Pelaksanaan ESOP/MSOP PT Wijaya Karya (Persero) Tbkmengacu pada Surat Perusahaan ke Bursa Efek IndonesiaNo.PU.01.09/A.DIR.0421/2008 tanggal 7 Mei 2008 tentangLaporan Rencana Pelaksanaan ESOP/MSOP PT WijayaKarya (Persero) Tbk.

Implementation of the ESOP / MSOP PT Wijaya Karya

(Persero) Tbk refers to the Letter to the Indonesia Stock

Exchange No.PU.01.09/A.DIR.0421/2008 dated May 7, 2008

on the Implementation Plan Report ESOP / MSOP PT Wijaya

Karya (Persero) Tbk.

Jumlah Agio saham 590,769 Total Premium

Biaya Emisi IPO (15,797,711) Share in issuance cost

Option Rights First and Second Stage can be used to purchase

new Series B shares of the Company after a waiting period

(Vesting Period) for 1 (one) year after the date of distribution of

the First Stage Right Option. The options granted rights can be

used to purchase shares of the Company on the

implementation period has been set as of the date October 29,

2007 and will end on 30 trading days starting May 13, 2013 for

Stage One to Stage Two and the implementation as of the date

set October 29, 2008 and will end on 30 trading days from the

date of May 14, 2014.

Premium from initial public offering was the different par value

with received initial public offering, shall be as follows :

Jumlah Saham yang dikeluarkan 1,846,154 Stocks amount distributed

Agio per saham 320 Premium

Program Implementation ESOP / MSOP implemented with

Option Rights issue in 2 stages with the following details:

Jumlah Hak Opsi yang diterbitkan adalah masing-masingsebanyak 153.846.000 lembar saham seri B setiap tahapdengan harga pelaksanaan ESOP/MSOP per saham Rp322,74.

The Stock Option Issued of the amount was 153,846,000 for

each share the serie of B with every single step of conducted

ESOP MSOP of Rp 322.74 per share.

Hak Opsi Tahap Pertama dan Kedua dapat digunakanuntuk membeli saham Seri B baru Perseroan setelahmelewati masa tunggu (Vesting Period ) selama 1 (satu)tahun, setelah tanggal pendistribusian Hak Opsi TahapPertama. Hak Opsi yang diberikan dapat digunakan untukmembeli saham Perseroan pada Periode Pelaksanaanyang telah ditetapkan terhitung sejak tanggal 29 Oktober2007 dan akan berakhir pada 30 hari bursa dimulai sejak 13Mei 2013 untuk Tahap Pertama sedangkan untuk TahapKedua pelaksanaan ditetapkan terhitung sejak tanggal 29Oktober 2008 dan akan berakhir pada 30 hari bursa sejaktanggal 14 Mei 2014.

33. 33.

Pelaksanaan Program ESOP/MSOP dilaksanakan denganmenerbitkan Hak Opsi dalam 2 tahap dengan rinciansebagai berikut :

Agio dari hasil penawaran umum saham merupakan selisihnilai nominal saham dengan penerimaan hasil penawaranumum saham perusahaan melalui IPO terinci sebagaiberikut :

97







TAMBAHAN MODAL SETOR - Lanjutan ADDITIONAL PAID-IN CAPITAL - Continued

Prakiraan DividenKetidakstabilan harga yang diharapkanSuku Bunga bebas resiko yang diharapkanPeriode Opsi yang diharapkan

Saldo Opsi Awal TahunPenambahan Opsi tahun iniOpsi yang dieksekusi tahun ini

`

Saldo Opsi Awal TahunPenambahan Opsi tahun iniOpsi yang dieksekusi tahun ini

PEMBAGIAN LABA APPROPRIATION OF RETAINED EARNING

Dividen Dividend

Program Kemitraan Funding for small scale business

Bina Lingkungan Environmental Conservation

Cadangan bertujuan Objective Reserves

Cadangan lainnya Other reservesTotal

LABA (RUGI) BERSIH PER SAHAM DASAR BASIC EARNINGS (LOSS) PER SHARE

9.09% 11.49% Expected risk - free interest rate5 tahun 5 tahun Expected lives

16.00% 13.01% Estimated of Dividend53.62% 52.30% Expected Volatility

Pemberian Tahap I Pemberian Tahap II

Opsi yang dapat dieksekusipada akhir tahun

5,830,344 619,741 Stock options shall be executed at

the end of the year

2008

ESOP/MSOP I ESOP/MSOP II

3,491,182 659,599 Additional of stock option in this

(29,047) (39,858) Executed options in this year

Ringkasan dari program dan mutasinya sepanjang tahunyang berakhir pada tanggal-tanggal 31 Desember 2009 dan2008 adalah sebagai berikut :

Summary of the program and mutations throughout the year

ended December 31, 2009 and 2008 are as follows:

2009

ESOP/MSOP I ESOP/MSOP II

2,368,209 - Beginning balance of stock option

34. 34.

Pembagian laba induk dan anak perusahaan danpenggunaan saldo laba berdasarkan keputusan rapatumum pemegang saham (RUPS) telah diputuskanpembagian laba dan penggunaan saldo laba sebagaiberikut:

Appropriation of retained earning for the year 2008 of the

Company was arranged by Decree oa Annual General Meeting

of Stockholders, for the year 2009 and 2008 are as follows:

2009 2008

- - Executed options in this year

Opsi yang dapat dieksekusipada akhir tahun

2,368,209 - Stock options shall be executed at

the end of the year

- - Beginning balance of stock option

2,368,209 - Additional of stock option in this

Jumlah 156,034,394 129,138,907

35. 35

Laba per saham dasar dihitung dengan membagi lababersih dengan rata-rata tertimbang jumlah saham biasayang beredar pada tahun yang bersangkutan.

Basic earning per share be calculated by dividing net profit by

the average weighted general share amount circulated in the

relevant year.

1,517,453 1,163,595 30,349,054 11,635,955 75,609,402 79,104,301

45,523,580 34,907,865 3,034,905 2,327,191

33. 33.

98







LABA (RUGI) BERSIH PER SAHAM DASAR - Lanjutan BASIC EARNINGS (LOSS) PER SHARE - Continued

Laba (rugi) bersih perhitungan laba (rugi) Net income (loss) for

per saham dasar Putation of basic earning (loss)

per share

Jumlah rata-rata tertimbang saham untuk Weighted average share for-

perhitungan laba (rugi) bersih per Computation of basic earning (loss)

saham dasar per share

Laba bersih per saham dasar Net Earning (loss) per share

(Rupiah penuh) (Full amount)

PENJUALAN BERSIH NET SALES

Akun ini terdiri dari: This account shall be as follows:

Jasa Konstruksi Construction service

Produk Beton Concrete Product

Produk Realty Realty Product

Manufaktur dan Perdagangan Manufacturing and trading

Mekanikal Elektrikal Electrical Mechanical

Dikurangi potongan penjualan Less discount on sales

Jumlah Total

No Contract with net value exceeds 10% of net sales.



Jasa Konstruksi Construction Services

Produk Beton Concrete Product

Realty Realty

Manufaktur dan Perdagangan Manufacture and trading

Mekanikal Elektrikal Electrical Mechanical

Jumlah Total

LABA (RUGI) PROYEK KERJASAMA OPERASI PROFIT (LOSS) JO PROJECT

35. 35

2009 2008

3,770,006,323 4,310,239,683 1,248,851,348 904,201,257

5,669,681,000 5,832,447,019

33.37 26.75

36. 36

2009 2008

189,222,076 156,034,395

Sebesar Rp 1.919.217.719 atau 52% dan Rp1.275.364.000 atau 30% dari pendapatan usaha bersihkonstruksi merupakan pendapatan dari pihak yangmempunyai hubungan istimewa, masing-masing untuktahun 2009 dan 2008.

As amount Rp 1,919,217,719 or 52% and Rp 1,275,364,000 or

30 % of net construction business income shal constitute

income of the affiliated parties respectively in 2009 and 2008.

Tidak ada kontrak dengan nilai bersih melebihi 10% daripenjualan bersih.

37. 37

6,590,857,284 6,562,204,984 - (3,127,704)

6,590,857,284 6,559,077,280

444,480,262 343,882,510 1,061,017,727 941,228,509 66,501,624 62,653,025

5,967,731,531 6,113,046,734

38. 38

Laba proyek kerjasama (Joint Operation) merupakan labaatas proyek-proyek yang dilaksanakan dengan polakerjasama (Joint Operation) meliputi proyek-proyek SipilUmum berupa, jembatan, pengendalian banjir danbendungan serta proyek Mekanikal berupa pemipaan.

Profit (loss) from Joint Operation project represent profit (loss)

from projects with joint operation schema. These projects

included general civil such as Roads Development, Bridges,

and Dam and Mechanial work inform of piping.

366,819,264 297,855,052 1,008,100,594 889,151,560 54,090,876 51,385,998

2009 2008

3,435,607,747 4,070,506,361 1,103,113,049 804,147,763

99







LABA (RUGI) PROYEK KERJASAMA OPERASI - Lanjutan PROFIT (LOSS) JO PROJECT - Continued

In 2009 and 2008 joint operation of projects are as follows:

JO Proyek Suramadu Causeway JO Suramadu Causeway Project

sisi Surabaya Surabaya

JO Proyek Amandit JO Amandit Project

JO Proyek Sendiman Bawakaraeng JO Sendiman Bawakaraeng Project

JO Proyek Suromadu BT Tengah JO Suromadu Central of BT Project

JO Proyek Jl.46 Tapaktuan Aceh Selatan JO Jl.46 Tapaktuan South of Aceh

JO Proyek Jembatan Lintas Barat JO Access West Bridge Project

JO Proyek Mamak Kakian JO Mamak Kakian Project

JO Proyek Sabodam Bawakaraeng II JO Sabodam Bawakaraeng Project

JO Proyek Sarmi JO Sarmi Project

JO Proyek Sungai ular JO Snake River Project

JO Proyek TPPI JO TPPI Project

JO Proyek Pasupati JO Pasupati ProjectJO Proyek Sabo JO Sabo Project

JO Proyek WTP Tahap II JO WTP phase II Project

JO Proyek FO Cengkareng JO FO Cengkareng Project

JO Proyek Jati Gede JO Jati Gede Project

JO Proyek Batang Tongar JO Batang Tongar Project

JO Proyek Sungai Kayan - Bulungan JO Kayan - Bulungan River Project

JO Proyek Liang Anggang-Pelaihari JO Liang Anggang-Pelaihari Project

JO Proyek Pangkalan Lada JO Pangkalan Lada Project

JO Proyek Cirebon Kroya Girder JO Cirebon Kroya Girder Project

JO Proyek MERR II-C JO MERR II-C Project

JO Proyek Jembatan Kakap JO Kakap Bridge Project

JO Proyek Sabo & Tanggul Merapi JO Sabo & Tanggul Merapi Project

JO Proyek Banjir Bengawan Solo JO Banjir Bengawan Solo Project

JO Proyek GOR Pekanbaru JO GOR Pekanbaru Project

JO WIKA-Adhikarya Tuban Aromatic JO Wika- Adhikarya Tuban Aromatic

JO-Other Projects under

Rp 1,000,000.

Jumlah

BEBAN UMUM DAN ADMINISTRASI GENERAL AND ADMINISTRATION


Personalia Personnel

Fasilitas Kantor Office of Facility

Penelitian dan Pengembangan Research and Development

Informatika Informatics

Keuangan Finance

Jumlah Jumlah

38. 38

(2,072,366) (2,587,910) 1,868,995 3,422,611 - 1,067,538

(8,523,095) (6,165,438) - -

(13,384,970)

Untuk tahun 2009 dan 2008, proyek kerjasama tersebutberasal dari proyek-proyek sebagai berikut;

2009 2008

- -

- 6,902,425

4,286,425 -

4,641,010 -

6,897,834 -

(3,998,750) (1,869,029) (3,350,341) - 1,339,657 -

(2,387,151) 2,795,209 4,065,130 2,272,131 2,698,349 2,406,738

8,822,582 7,045,225 4,528,934 3,886,299 1,336,564 2,029,931

-

(1,609,748) -

JO Proyek Lainnya dibawah Rp1.000.000,- 3,287,980 2,041,670

1,754,225 -

2,013,498 -

1,404,577 -

(8,373,653)

1,592,530 -

3,443,413

2,607,022

158,361,039 152,411,483

22,607,657 (3,099,025)

-

-

3,774,039 -

Total

39. 39

2009 2008 119,789,120 112,264,963 23,883,838 27,185,065

-

5,354,137 -

1,893,940

100







PENDAPATAN (BEBAN) LAIN LAIN OTHER INCOME (EXPENSE)

Interest Income and deposit

Laba (Rugi) Selisih Kurs Gain (Loss) in Foreign Exchange - Net

Laba (Rugi) Penjualan Aset Gain on Disposal of Fixed Assets

Beban Bunga Interest Expense and Penalty

Beban Penyisihan Piutang Allowance for Doubtful Account

Impairment expense for inventory

Beban Amortisasi Goodwill Amortize of goodwill

Lain-lain bersih Others - Net

Pendapatan (Beban) Lain-lain Other Income (Expense) - Net

Pendapatan bunga deposito dan jasa giro Interest Income and deposit

Laba (rugi) selisih kurs Gain (Loss) in Foreign Exchange

Laba (rugi) kurs dengan perincian sebagai berikut : Gain (Loss) in Foreign Exchange, mentioned as follows :

Induk Perusahaaan Parent company





Beban bunga Interest Expense and Penalty







2009

1,432,768 (2,000) (51,764,196) (41,274,146)

(136,841,998)

Pendapatan bungaDeposito/Jasa Giro

Beban PenurunanHarga Persediaan

2008

(31,515,351)

53,743,541

(45,046,450) (2,512,241)

40. 40

5,730,422 (158,189) (743,546) (3,299,135)

30,417,205

(96,785) 1,432,768

2008 47,599,887 859,908 -

(22,494,803) 472,642 26,437,634

26,437,634 4,289,126

(44,024,039) (50,177,873)

- -

(28,092,939) (21,783,741)

Pendapatan bunga deposito dan Jasa Giro sebesar Rp30.417.205 dan sebesar Rp 53.743.541 tahun 2009 dan2008 merupakan pendapatan bunga atas depositoberjangka perusahaan dan bunga bank atas saldorekening giro perusahaan. Pendapatan bunga tersebuttelah memperhitungkan PPh final atas bunga.

Laba selisih kurs sebesar Rp 1.432.768 dan sebesar Rp26.437.634 tahun 2009 dan 2008 merupakan laba ataspenyesuaian saldo-saldo neraca perusahaaan, sepertikas setara kas, piutang, hutang dan uang muka diterimadengan kurs per 31 Desember 2009 dan 2008.

2009

Interest Income and deposits of Rp 30,417,205 and Rp

53,743,541 in 2009 and 2008 is interest income on corporate

deposits and bank interest on corporate bank statement

balances. Interest income has been taking into account the

final income tax on interest.

Gain (Loss) in Foreign Exchange of Rp 1,432,768 and Rp

26,437,634 in 2009 and 2008 are adjusted return on the

balance sheet balances firms, such as cash equivalents,

receivables, payables and advances received by the

exchange rate as of December 31, 2009 and 2008.

Beban bunga sebesar Rp 57.534.974 dan sebesar Rp44.024.039 tahun 2009 dan 2008 merupakan bunga atasfasilitas kredit modal kerja yang dipergunakan olehperusahaan. Dengan rincian sebagai berikut :

2009 2008 387,041 (15,334,743) (7,362,158) (9,132,130) (12,817,245) (6,888,626) (36,787,183) (12,205,671) (955,428) (462,868)

(51,764,196) (44,024,039) 5,770,777 -

Interest Expense and Penalty to Rp 57,534,974 and Rp

44,024,039 in 2009 and 2008 is interest on the credit facility

for working capital used by the company. With details as

follows:

101







PENDAPATAN (BEBAN) LAIN LAIN - Lanjutan OTHER INCOME (EXPENSE) - Continued

Beban penyisihan piutang Allowance for Doubtful Account

Allowance expense for doubtful account shall as follows :





Beban penurunan nilai persediaan Impairment expense for inventory

Beban amortisasi goodwill Amortize of goodwill

Lain lain bersih Others - Net

Beban lain-lain bersih dengan rincian sebagai berikut : Other expenses net with details as follows:







PERJANJIAN KERJASAMA JOINT OPERATION AGREEMENT41. 41.

(9,880,998) (8,622,489)

Allowance for doubtful account for receivables was the

burden of receivables balances that have been aged more

than 1 (one) year and indicated liquidation not in accordance

with the provisions stipulated in the contract that has been

agreed.

Impairment expense for inventory of Rp 45,046,450 in 2009

is the load due to stock price declined to fertilizer PT Wika

Intrade stock book price comparison.

Goodwill amortization charges to Rp 2,512,241 in 2009 was

a burden on the difference between the purchase price of

shares of PT Wika Insan Pertiwi time of acquisition, the

maximum loading is over 5 years.

Beban penyisihan piutang merupakan beban atas saldo-saldo piutang yang telah berumur lebih dari 1 (satu) tahundan terindikasi pencairannya tidak sesuai denganketentuan yang tertuang dalam kontrak yang telahdisepakati.

Beban penyisihan piutang ragu-ragu dengan rinciansebagai berikut :

2009 2008

43,782 (253,577) (41,274,146) (50,177,873)

Beban penurunan nilai persediaan sebesar Rp45.046.450 tahun 2009 adalah beban akibatmenurunannya harga jual persediaan pupuk PT WikaIntrade dibandingkan harga buku persediaan.

Beban amortisasi goodwill sebesar Rp 2.512.241 tahun2009 adalah beban atas selisih harga beli saham PTWika Insan Pertiwi saat akuisisi, pembebanan dilakukanmaksimal selama 5 tahun.

(17,532,066) (40,378,240) (13,904,864) (923,567)

(691,212) (52,694) (167) -

Perusahaan melakukan perjanjian kerja sama denganberbagai pihak sebagaimana tersebut pada masing-masing perjanjian, berupa penyerahan dana kepadaPengelolaan sesuai kewajiban yang tertuang dalamperjanjian kerja sama menurut porsi yangditetapkan.Pengelola proyek dibentuk dengan anggotayang berasal dari masing-masing pihak yang melakukanperjanjian kerja sama.

The Company engaged in joint operations agreement with other

parties, as specified in each agreement in the form of providing

funds to Management in charge of the project based on the

obligations set forth in the cooperative agreement according to

the specified portion agreed percentage. Management in charge

of the project was formed made up of the members of each party

to the cooperative agreement.

(21,783,741)

2009 2008 (31,582,768) (29,236,797) 2,778,287 (832,374) (1,518,043) 6,584,609 2,920,797 1,753,683

(28,092,939)

40. 40

102







PERJANJIAN KERJASAMA - Lanjutan JOINT OPERATION AGREEMENT - Continued

Perjanjian kerjasama antara lain,sebagai berikut: The joint operation agreement are follows:

Pengerjaan Pasteur-Cikapayang-Surapati Elevated Road And Bridge Project./Pasteur-Cikapayang-Surapati Elevated Road And Bridge Project.

PT Wijaya Karya (Persero) : PT Waskita

Pekerjaan jalan dan jembatan,Sumatera East Coast Highway Proyek-CA.01/Sumatera East Coast Highway Project-Ca.01 Road nd Bridge Project

PT Wijaya Karya (Persero) : PT Hutama Karya

PT Wijaya Karya (Persero): PT LKD

Sub Proyek Batang Tongar Irigation/Batang Tongar Irrigation Sub-Project.

PT Wijaya Karya (Persero) : PT Adhi Karya, Tbk.

PT Wijaya Karya (Persero) :PT Hutama Karya: PT Agrabudhi

Tuban,Aromatic/Aromatic of Tuban

PT Wijaya Karya (Persero) : PT Adhi Karya. Tbk.

Proyek Bendung Jati Gede/Bendung Jati Gede Project

PT Wijaya Karya (Persero) Tbk -PT Waskita - HK - PP

Proyek Eastern Indonesia Region transport: Paket pemb.Jembatan S KarejaeCS-IBRD.17/Eastern Indonesa Region teansport project:of bridge S Karejae CS-IBRD.17

PT Wijaya Karya (Persero) : PT Nindya Karya

Proyek TPPI Tuban Aromatic TPPI.1/TPPI Tuban Aromatic of project TTPI.1

PT Wijaya Karya (Persero) PT IKPT: PT Adhi Karya, Tbk.

PT Wijaya Karya (Persero) : PT IKPT : PT Adhi Karya, Tbk.

Wika PP Scana JO Panti Rao/Wika PP Scana JO Panti Rao

PT Wijaya Karya (Persero) : PT Pembangunan Perumahan : PT Sacna

Wika Mirai, Proyek Amandit/ Wika Mirai ,Amandit of Project

PT Wijaya Karya (Persero) : PT Nindya Karya

1

50%:50% Selesai/Finished

251%;49%

No Nama Project / Name of Project Porsi Bagi Hasil/ Portion

of share (%) Status / Status

Selesai/Finished

935%:30%;35% Selesai/Finished

725%:25%:25%:25% Berjalan/In Progress

8


5 Proyek Jembatan Suromadu Sisi Surabaya/Suromadu Surabaya Side,Bridge

Project33,33%:33,33%;33,33% Selesai/Finished

6 50%;50% Selesai/Finished

3 Pekerjaan Jembatan Ogan-Tanjung Raya/Ogan Tanjung Raya Road and Bridge

Project.



1251%:49% Berjalan/In Progress

10 Proyek TPPI Tuban Aromatic TPPI.2/TPPI Tuban Aromatic of Project TPPI.235%;30%;35% Selesai/Finished

1115%:42%:43% Berjalan/In Progress

Management in charge of the project constructed the project

granted by the Employer (owner) and was fully responsible to

complete all project activities, including preparing financial

statement for each part to the cooperative agreement.

Pengelola proyek yang berasal dari Pemberi Kerja(Owner) dan bertanggung jawab sepenuhnya terhadapseluruh kegiatan tersebut termasuk laporanpertanggungjawaban keuangan dan proyek kepadamasing-masing pihak yang melakukan perjanjian kerjasama.

41. 41.

103







Perjanjian kerjasama antara lain- lanjutan : The joint operation agreement - continued

PT Wijaya Karya (Persero) : PT Sacna

Proyek Kanjiro/ Kanjiro Project

PT Wijaya Karya (Persero) PT Nindya Karya

Proyek Bawakaraeng/ Bawakaraeng Project

PT Wika Karya (Perero) : PT BK

Proyek Cut Nyak Dien/Cut Nyak Dien Project

PT Wijaya Karya (Persero : PT PELITA

Proyek Suramadu ll/Suramadu ll Project

PT Wijaya Karya (Persero) : PT Agrabudi : PT Hutama

Proyek Sungai Ular/Sungai Ular Project

PT Wijaya Karya (Persero) : PT Adhi Karya, Tbk.

Proyek Suromadu BT Tengah/Suromadu BT Tengah Project

PT Wijaya Karya Tbk : PT Hutama Karya : PT Adhi Karya, Tbk.

Proyek Tanjung Api-api/Tanjung Api-Api Project

PT Wijaya Karya (Persero) : CIA

Proyek Cokroyosan/Cokroyosan Project

PT Wijaya Karya (Persero) : PT Pembangunan Perumahan

Proyek Ulee Lheu/Ulee Lheu Project

PT Wijaya Karya (Persero) : PT Pelita

JO WIKA-Karka (Proyek Brau)/JO WIKA-Karka (Brau Project)

PT Wijaya Karya (Persero) : PT Karka 51% : 49%

JO WIKA-Hazama (Proyek Sabo)/JO WIKA-Hazama (Sabo Project)

PT Wijaya Karya (Persero) : PT Hazama

Proyek Sungai Kayang Bulungan/Sungai Kayang Bulungan Project

PT Wijaya Karya (Persero) Tbk - Himpun Karya

Proyek Jln. Nintombong - Sarmi/Jln Nintombong - Sarmi Project

PT Wijaya Karya (Persero) Tbk - Bumi Intan Perkasa

PT Wijaya Karya (Persero) Tbk - Hazama

Proyek Pati - Rembang/Pati - Rembang Project

PT Wijaya Karya (Persero) Tbk - Adhikarya - DGI

Proyek Liang Anggang Pelairi/Liang Anggang Pelairi Project

PT Wijaya Karya (Persero) Tbk - Raden Panji Suprapto

Proyek Pangkalan Bun/Pangkalan Bun Project

PT Wijaya Karya (Persero) Tbk - Jaya Konstruksi 60% - 40%

13 Wika Scana, Proyek Bendung Mamak/Wika Scana: Bendung Mamak Project

98%:2% Berjalan/In Progress



1832,75% : 67,25% Berjalan/In Progress

1925%:25%:25%:25% Berjalan/In Progress

1660% : 40% Selesai/Finished

1733,33%:33,33%;33,33% Berjalan/In Progress



35% : 65% Berjalan/In Progress

2555% - 45% Berjalan/In Progress


23Berjalan/In progress

24



30Berjalan/In Progress

2833% - 40% - 27% Berjalan/In Progress



27 Proyek Bendungan Sabo - Bawakaraeng/Bendungan Sabo - bawakaraeng

Project35% - 65% Berjalan/In Progress

104







Perjanjian kerjasama antara lain- lanjutan : The joint operation agreement - continued

Proyek Cikro Girder/Cikro Girder Project

PT Wijaya Karya (Persero) Tbk - Nindya Karya 55% - 45%

Proyek jembatan Lintas Barat Sulsel/Lintas Barat Sulsel Bridge Project

PT Wijaya Karya (Persero) Tbk - Brantas - Mahir

Proyek Bosem Morokembangan/Bosem Morokembangan Project

PT Wijaya Karya (Persero) Tbk - Adhikarya

Proyek Fly Over Cengkareng/Fly Over Cengkareng Project

PT Wijaya Karya (Persero) Tbk - PP

Proyek Jalan Merve Surabaya/Proyek Jalan Merve Surabaya Project

PT Wijaya Karya (Persero) Tbk - PP - Kartikabhakti

AKTIVA DAN KEWAJIBAN DALAM MATA UANG ASING

ASET ASSET

Kas dan Setara Kas Cash and Equivalent

US Dollar US Dollar

Yen Jepang Japanese yen

Euro Eropa European Uero

Dinar Dinar

SGD SGD

Piutang Usaha Account Receivable

US Dollar US Dollar



Dinar Dinar

SGD SGD

Piutang Retensi Retention Receivable

US Dollar US Dollar



Dinar Dinar

Tagihan bruto Due custemur

US Dollar US Dollar



Dinar Dinar

SGD SGD



31Berjalan/In Progress

3242,5% - 32,5% - 25% Berjalan/In Progress

Pada tahun 2009 dan 2008 Perusahaan dan AnakPerusahaan mempunyai aktiva dan kewajiban dalammata uang asing sebagai berikut :

As at 2009 and 2008, the company and subsidiary have

asset and liabilities denominated in foreign currencies as

follow:

2009 2008Mata uang Ekuivalen Mata uang Ekuivalen

3533% - 34 - 33 % Berjalan/In Progress

42. 42. ASSET AND LIABILITIES DENOMINATION IN FOREIGN



186.47 2,519,163 567,98 8,765,144 92,633.28 12,377,103 50160,07 7,837,009

28,426 267,205,299 11662,63 127,705,778 403,444.87 41,022,274 156431,68 18,962,648

Asing Rupiah Asing RupiahForeign Currency Equivalent Rupiah Foreign Currency Equivalent Rupiah

- - 85,78 1,323,789 68,927 9,209,673 - -

12,674 119,137,202 4,390.89 48,080,256 - - 162,507.11 19,699,111

0.81 5,396 1,97 14,994

37,480.83 5,007,963 - -

- - 51,660.96 6,262,342 - - - -

- - - -

1,972 18,537,695 1,112.25 12,179,187

- - - -

- - - - - - - -

2,188 20,565,454 - - - - - -

105







Uang Muka Dibayarkan Advance Payment

US Dollar US Dollar

Yen Jepang Yen Jepang

Euro Eropa Euro Eropa

Dinar Dinar

SGD SGD

Jumlah Aset Valas Total Assets

US Dollar US Dollar



Dinar Dinar

SGD SGD

KEWAJIBAN LIABILITIES

Uang Muka Proyek Advance for

Jangka Panjang Long Term Projects

US Dollar US DollarYen Jepang Yen JepangEuro Eropa Euro EropaDinar Dinar SGD SGD

Hutang Usaha Account Payable

US Dollar US Dollar



Dinar Dinar

SGD SGD

Jumlah Kewajiban Valas Foreign Currencies

US Dollar US Dollar


Euro Eropa European UERO

Dinar Dinar

SGD SGD

Asset (Kewajiban) Asset (Liabilities)

Valas Bersih Foreigen Currencies-net

US Dollar US Dollar


Euro Eropa European UERO

Dinar Dinar

SGD SGD

INFORMASI SEGMEN SEGMENT INFORMATION

a.

28,534 268,220,519 - -

73,794 693,666,169 17,165.77 187,965,222 403,444.87 41,022,274 370,599.75 44,924,101

- - - - - - - -

- - - - - - - -

- - - -

- - - -

0.81 5,396 1.97 14,994

12,538 117,856,869 - -

186 2,519,163 653.77 10,088,933 199,041.56 26,594,739 50,160.07 7,837,009

- - - - - -

4,376 41,136,267 8,056,731 60,061,063 - -

- - - -

- - - -

- - - - - - - -

16,914 158,993,136 8,056,731 60,061,063 - - - -

332,187 2,527,277

199,041.56 26,594,739 50,160.07 7,867,009 0.81 5,396 1.97 149,940

403,444.87 41,022,274 38,413 42,396,825 186 2,519,163

- - 332,187 2,527,277

56,880 534,673,033 (8,039,565) 127,904,159

43. 43.

Informasi mengenai segmen industri Perseroan dan anakperusahaan sebagai berikut:

Detail of the Company's and subsidiaries' industry segment

are as follows:

a.

42. 42.AKTIVA DAN KEWAJIBAN DALAM MATA UANG

ASING - Lanjutan

ASSET AND LIABILITIES DENOMINATION IN FOREIGN

CURRENCIES - Continued

106







INFORMASI SEGMEN - Lanjutan SEGMENT INFORMATION - Continued

(Dalam Jutaan Rupiah) (In Million Rupiah)

Konsolidasi/Consolidated

Pendapatan Bersih Net revenue

Beban Kon. & Usaha Opert & Contruction Exp.

Laba (Rugi) KSO Gain (Loss) KSO Project

Total Laba Usaha Total Operating Income

Pendapatan (Beban)Lain-lain Other Income (Expense)

Laba sebelum Pajak Profit Before Income Tax

Beban Pajak Tax Expense

Tahun Berjalan Current year

Pajak Final Final tax

Pajak Tangguhan Diferred Tax

Laba (Rugi) sebelum Gain (Loss) before

Hak Minoritas Minority Interest

Hak Minoritas Anak Minority Interest-Net

Perusahaan

Laba Bersh Net Income

Informasi Lainya Others Information

Aktiv Segmen Segment Asset

Investasi pada Invesments In

Perusahaan Asosiasi Associated Companies

Jumlah Aktiva Total Asset

Kewajiban Segmen Segments Liabilites

(Dalam Jutaan Rupiah) (In Million Rupiahs)

2008Mekanikal/ Konsolidasi/Mechanical Consolidated

Pendapatan Bersih Net revenue

Beban Kont. & Usaha Oper. & Contruction Exp.

Laba (Rugi) Proy. KSO Gain (Loss) KSO Project

Total Laba Usaha Total Operating Incom

Pendapatan (Beban)Lain-lain Other Income (Expense)

Laba sebelum Pajak Profit Before Income Tax

Beban Pajak Tax Expense

Tahun Berjalan Current year

Pajak Tanggungan Diferred Tax

Laba sebelum Hak Gain (Loss) before

Minoritas Minority Interest

(3,099) 287,930

(31,516) 256,415

(72,727) (9,034)

174,653

Construction Industrial Real Estate Trading Mechanical Elimination

Konstruksi Industri / Real Estate/ Perdagangan/ Mekanikal/ Eliminasi/2009

22,608

123,757 65,316 45,326 5,462 - 484,951

- - - - -

6,590,856 (3,547,524) (1,292,426) (388,189) (1,109,414) (82,810) 291,849 (6,128,514)

1,416,182 453,505 1,154,740 88,272 (291,849) 3,770,006

22,608

245,090

(33,370) (199) (3,891) - (37,459)

(136,842) 298,909 110,268 40,356 (36,107) 3,825 (69,143) 348,109 53,819 (13,488) (24,960) (81,433) (1,637) (69,143)

19,740

196,075 82,261 22,538 (26,304) 1,097 (69,143) 206,524

(102,834) (17,613) (3,419) (123,866) - 5,362 (6) 13,693 691 -

17,302

196,056 64,492 17,670 (20,623) 769 (69,143) 189,222

18.67 17,768 4,868 (5,682) 328 -

(6,268,047) 6,559,077 4,311,333 1,021,730 350,157 940,806 62,653 (127,601)

5,580,939

460,878 - - - - (339,370) 121,509

3,266,598 1,563,582 370,636 354,426 48,463 (22,766)

Real Estate/ Perdagangan/ Eliminasi/

5,702,448

2,272,332 1,285,881 251,650 327,940 22,173 93,451 4,066,524

3,727,476 1,563,582 370,636 354,426 48,463 (362,136)

(8,955) (2,940) 2,549 466 (154) - (37,528) (18,881) (11,085) (3,931) (1,302) -

202,610 73,434 29,035 11,146 6,079 (65,888)

(4,185,143) (944,064) (312,814) (897,042) (56,585)

156,127 51,611 20,499 7,681 4,623 (65,888)

79,519 (4,232) (8,308) (32,618) 11 (65,888)

123,091 77,666 37,343 43,764 6,068 -

127,601 (3,099) - - - - -

Construction Industrial Real Estate Trading Elimination

Konstruksi Industri /

43. 43.

107







INFORMASI SEGMEN - Lanjutan SEGMENT INFORMATION - Continued

Hak Minoritas Anak Minority Interest-Net

Perusahaan

Laba Bersh Net Income

Informasi Lainya Others Information

Aktiva Segmen Segment Asset

Investasi pada Investment In

Perusahaan Asosiasi Associated Companies

Jumlah Aktiva Total Asset

Kewajiban Segmen Segments Liabilites

b

.

(Dalam Jutaan Rupiah) (In Milion Rupiahs)

Konsolidasi/Consolidated

Tahun 2009 In 2009

Pendapatan bersih Net Income

Laba kotor Gross profit

Aset Asset

Tahun 2008 In 2008

Pendapatan bersih Net Income

Laba kotor Gross profit

Aset Asset

SIFAT DAN TRANSAKSI HUBUNGAN ISTIMEWA RELATED PARTY TRANSACTION

Sifat Hubungan Istimewa The Nature of Related Party

The Nature of Related Party are as follows:

a

b

c

(18,618)

156,035

5,751,715

19,708 5,771,423

4,304,026

(1,659) (1,383) -

Luar Negeri Eliminasi/

2,602,128 1,176,376 318,122 606,502 17,374 (416,476)

4,036,862 1,370,998 421,880 650,195 34,603 (743,115)

650,195 34,603 (441,103)

156,127 40,463 16,071 6,022 3,240 (65,888)

- (11,148) (4,428)

321,720 - - - - (302,012)

3,715,142 1,370,998 421,880

442,932

488,569 114,711 41,580 - 644,860 3,451,840 1,080,189 47,972 - 4,580,001

Jawa/ Java Out of Java Abroad Elimination

4,761,953 1,757,190 363,563 291,849 6,590,857

Informasi mengenai segmen geografis Perseroan dananak perusahaan sebagai berikut:

Detail of the Company's and subsidiaries' geographic

segment are as follows:

Luar Jawa

Sifat hubungan dengan pihak-pihak yang mempunyaihubungan istimewa adalah sebagai berikut:

Pemerintah RI diwakili oleh Menteri BUMN merupakanpemegang perusahaan dan BUMN lain memiliki hubunganafiliasi melalui penyertaan modal pemerintah RI.

Government of RI represented by Minister of BUMN is the

shareohlder of the Company and other BUMNs having

affiliated realitions thorugh capital participation of

Goverment of Republic of Indonesia.

Perusahaan yang menempatkan dana dan memilikipinjaman dana pada bank-bank yang dimiliki olehpemerintah atau dari bank-bank yang dimiliki oleh BUMNdengan persyaratan dan tingkat bunga normalsebagaimana yang berlaku untuk nasabah pihak ketiga.

The Company that puts its fund and has loan of fund at

Government's banks or BUMN-held Bank under the

prevailing conditions and applicable normal interest rate

for third party customers.

Perusahaan yang mengadakan perjanjian dalam rangkausaha, dengan BUMN-BUMN lain merupakan anakperusahaan BUMN serta badan-badan lembaga-lembagapemerintah yang berwenang.

The Company that enters into business agreement with

other BUMNs or BUMN'S subsidiary or other autorized

government's agencies

6,514,085 388 66 (743,115) 5,771,424

44.

(9,278)

44.

4,454,183 2,076,077 156,418 (127,601)

43. 43.

6,559,077 288,624 137,757 2,583

b.

c

a

b

108







RELATED PARTY TRANSACTION - Continued

d

Pihak hubungan istimewa/Related Parties Sifat hubungan istimewa/ The nature of relationship Transaksi/Transaction

PT Bank Mandiri (Persero) Tbk Kepemilikan sama terikat / Common Ownership Rekening koran, pinjaman dana/account, loan

PT Bank Tabungan Negara (Persero) Tbk Kepemilikan sama terikat / Common Ownership Rekening koran, pinjaman dana/account, loan

PT Bank Negara Indonesia (Persero) Tbk Kepemilikan sama terikat / Common Ownership Rekening koran, pinjaman dana/account, loan

PT Bank Syariah Mandiri Kepemilikan sama terikat / Common Ownership Rekening koran, pinjaman dana/account, loan

PT Bank Negara Indonesia (Persero) Tbk Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank Jatim Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank Tabungan Negara (Persero) Tbk Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank BPD Sumsel Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank BPD Jabar Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank BPD Aceh Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank BPD Kaltim Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank BRI (Persero), Tbk Kepemilikan sama terikat / Common Ownership Rekening koran / account

PT Bank Bukopin, Tbk Kepemilikan sama terikat / Common Ownership Rekening koran / account

Sekertaris Negara Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemprov.DKI Jakarta Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Hutama Karya Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Perusahaan Listrik Negara (Persero) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Adhi Karya (Persero) Tbk Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Pembangunan Perumahan Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Waskita Karya Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Dinas Perhubungan DKI Jakarta Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT .Pertamina Unit V Balikpapan Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Istaka Karya Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Departemen Kimpraswil Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Pertamina DOH Jawa barat Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

BPKP Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemprov. Sumatra Selatan Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemkab Singkil (NAD) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Jasa Marga (Persero), Tbk Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemprov. Riau Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Departemen Perhubungan Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Bank Indonesia Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemda Kaltim Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemda Riau Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Petrokimia Gresik (Persero) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemkab Berau Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Direktorat Jenderal Sumber Air Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Dinas Bina Marga Kab Kutai Timur Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pelindo II Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pelindo III Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Dit Jen Perhubungan Darat Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Gadjah Mada University Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Mempunyai anggota yang pengurus yang sama denganPerusahaan Anak,yaitu Direksi Perusahaan menjadiKomisaris pada perusahaan anak.

Having member of managements that is equal to the

subsidiary, namely: the Board of Directors of the

Company shall be the Commissioner of the subsidiary.

Ikhtisar pihak-pihak yang mempunyai hubungan istimewadengan perusahaan Anak, yaitu Direksi perusahaanmenjadi Komisaris pada perusahaan Anak.

The summary of parties having the special relations with the

Company is as follows:

d

44. 44.SIFAT DAN TRANSAKSI HUBUNGAN

ISTIMEWA - Lanjutan

109








Dep. Pek Umum Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemprov Sumatera Barat Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PU Prop Kaltim Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemkab . Muba Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Dephub. BRR Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemprov Kaltim Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemda Riau Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemda Jogyakarta Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemkab Sinkil (Aceh) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Pemkab Dairi (Aceh) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

BPD Jawa Barat Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Dept PU Dirjen Cipta Karya Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Satuan Kerja Sementara PengelolaanSumber Air Jratunseluna Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

PT Angkasa Pura (Persero) Kepemilikan sama terikat / Common Ownership Jasa konstruksi / Construction Services

Transaction with the parties having the special relation

KAS DAN SETARA KAS/CASH AND CASH EQUIVALENT

% Terhadap Total Aset% To Total Assets

Bank-Rupiah

PT. Bank Mandiri (Persero),Tbk.PT. Bank BNI (Persero), Tbk.PT. Bank JatimPT. Bank BTN (Persero), Tbk.PT. Bank BPD SumselPT. Bank BPD Jabar BantenPT. Bank BPD AcehPT. Bank BPD KaltimPT. Bank BPD RiauPT. Bank BPD SyariahPT. Bank BRI (Persero), Tbk.PT. Bank Bukopin, TbkPT. Bank Syariah Mandiri

US DOLARPT. Bank Mandiri (Persero),Tbk.PT. Bank BNI (Persero), Tbk.PT. Bank BRI (Persero), Tbk.

Euro Eropa PT. Bank Mandiri (Persero),Tbk.

Yen JepangPT. Bank Mandiri (Persero),Tbk.PT. Bank BRI (Persero), Tbk.

Deposito Berjangka/Time Deposit

Rupiah

PT. Bank Mandiri (Persero),Tbk.PT. Bank Mandiri Syariah.PT. Bank BNI (persero) Tbk.PT. Bank BRI (persero)PT. Bank BTN (persero)

2009 2008 2009 2008

4,203 5,143 0.00% 0.00%221,575 71,442 0.00% 0.00%

1,605 1,605 0.00% 0.00%1,143,448 1,659,140 0.02% 0.03%

93,144,470 127,730,243 1.63% 2.21%18,542,200 6,396,050 0.33% 0.11%

634,089 724,548 0.01% 0.01%- 353,540 - 0.01%

- 16,008,777 - 0.28%1,700 23,532,661 0.00% 0.41%

- 2,098,617 - 0.04%- 7,205,702 - 0.12%

9,225,205 30,075,680 0.16% - - - - -

14,905,400 72,706,597 0.26% - 101,562 119,092 0.00% -

363,255 - 0.01% - - - - -

402,637,000 207,477,000 7.06%

3,647,275 - 0.06% - 366,396 - 0.01% -

663,944 - 0.01% - - - - -

3,865,000 171,264,645 0.07% 2.97%76,000,000 782,000 1.33% 0.01%

3.59%21,700,000 45,886,183 0.38% 0.80%34,000,000 102,342,481 0.60% 1.77%

44. SIFAT DAN TRANSAKSI HUBUNGAN

ISTIMEWA - Lanjutan

44.

110








PT. Bank JabarPT. Bank BTPNPT. Bank BRI (Persero) Syariah

US DOLAR

PT. Bank Mandiri (Persero),Tbk.PT. Bank BRI (Persero)PT. Bank Jawa Barat

PIUTANG USAHA/ACCOUNT RECEIVABLES


PT Pertamina (Persero)PT Istaka RayaPT PLN (Persero)Pembangunan PerumahanPT Adhi Karya (Persero), TbkPT Waskita KaryaPT Rekayasa IndustriPT Nidya KaryaPT Brantas AbiprayaPT Pertamina Unit V BalikpapanPT Hutama KaryaDirjen PU Cipta Karya JakartaCipta Karya - Kabupaten DairiDPU dan Kimpraswil KaltimPT Petrokimia GresikDep. Kim.Pras. Wilayah RiauAngkasa Pura IPemprov Sumatera Selatan MubaDinas PU Pemkab, Bangka SelatanJasa Marga PTPTPN 8Pelanggan Wika BetonPLTU SulutProyek BintumenHubungan istimewa lainnya di bawah

Rp 1.000.000,-Total

PIUTANG RETENSI / RETENTION RECEIVABLES


PT Jasa Marga (Persero), Tbk.PT Pelindo IIPT Pelindo IIIBank IndonesiaPT Petrokimia Gresik (Persero)

- 2,251,000 - 0.04%15,000,000 - 0.26% -

53,043,000 - 0.93% - 954,521,693 818,692,146 16.74% 12.40%

17,934,000 - 0.31% - 167,376,365 - 2.94% -

20,000,000 - 0.35% -

13,712,483 17,246,886 0.24% 0.30%13,217,050 11,364,158 0.23% 0.20%

19,972,988 19,475,175 0.35% 0.34%27,759,048 18,739,359 0.49% 0.32%

2009 200820,837,647 94,273,980 0.37% 1.63%

- 3,725,931 - 0.06%9,155,205 1,772,534 0.16% 0.03%

4,431,687 5,298,833 0.08% 0.09%- 4,881,180 - 0.08%

35,509,971 9,142,026 0.62% 0.16%- 7,580,765 - 0.13%

- 1,071,776 - 0.02%15,251,728 - 0.27% -

- 1,285,540 - 0.02%- 1,164,671 - 0.02%

- 1,716,925 - 0.03%- 1,456,072 - 0.03%

1,096,113 - 0.02% - 3,316,909 - 0.06% -

7,984,380 - 0.14% - 2,426,354 - 0.04% -

19,692,826 7,428,838 0.35% - 208,323,490 207,624,649 3.65% 3.46%

1,731,877 - 0.03% -

4,932,950 - 0.09% - 7,294,274 - 0.13% -

226,659 226,659 0.00% 0.18%6,475,000 3,666,351 0.11% 0.05%

- 10,326,662 - 0.00%- 2,799,558 - 0.00%

2009 2008- 1,532,653 - 0.03%


ISTIMEWA - Lanjutan

44.

111








Pemerintah Kabupaten BerauDitjen. Perhubungan DaratDPU Bina Marga Kab. MedanPT PLN (Persero) Kal Sel & SulUtPT Pertamina DOH Jawa BaratBPLS PorongDep. Kim.Pras. Wilayah RiauPemda DKI JakartaDPU & Kimpraswil Pemda. KaltimDPU SNVT SDA Kalimantan IIIDPU & Kimpraswil TarakanPertamina PT (Kualanamu)PTPN 8DPU SDA BBWS Ciliwung - CisadaneDiknas Pemkab. SingingiOtorita Pengembangan Daerah

Industri Pulau BatamWaskita - Usaha Batang HariDinas Bina Marga & Pengairan

Kab.BengkalisDPU Cipta Karya Musi Banyu AsinDPU Pemprov. PapuaProyek PLTU SulUtHubungan istimewa lainnya di bawah

Rp 1.000.000,-Total

TAGIHAN BRUTO PEMBERI KERJA/DUE TO (FROM) CUSTOMER


PT Jasa Marga (Persero), Tbk.PT Pelindo IIPT Pelindo IIIDitjen. Perhubungan DaratUniversitas Gajah MadaPemda DKI JakartaPT Angkasa Pura 1PT PLN (Persero)Dikpora Kab.Kuantan SengingiDep. Kim.Pras. Wilayah RiauDPU Bina Marga Kab. MedanDPU dan Kimpraswil KaltimPT Perkebunan Nusantara (Persero)PabrikPemda KaltimSNVT, KalselPelanggan RealtyPemerintah RI, Satuan Kerja Sementara

Pengelolaan Sumber Air Jratuseluna

14,727,461 11,781,830 0.26% 0.03%

- 2,018,027 - 0.01%20,362,250 5,974,876 0.36% 0.04%

- 820,343 - 0.00%- 2,442,898 - 0.06%

1,192,661 - 0.02% 0.09%1,568,642 - 0.03% -

6,476,932 5,386,532 0.11% 0.04%1,891,617 - 0.03% 0.12%

0.11% 0.10%7,399,730 6,654,266 0.13% 0.20%5,992,881 2,054,154

- - 0.00% - 1,582,129 - 0.03% -

2,420,954 - 0.04% - 6,206,521 - 0.11% -

3,493,589 - 0.06% - 1,474,182 - 0.03% -

266,216 - 0.00% - 1,793,749 - 0.03% -

541,989 - 0.01% - 220,578 - 0.00% -

780,039 - 0.01% - - - 0.00% -

5,633,498 - 0.10% 0.00%1,864,014 387,920 0.03% 0.01%

85,763,191 58,680,760 0.02 1.00%

2009 2008 2009 2008

- - - - 669,412 2,995,951 0.01% 0.05%

0.10% 0.02%33,418,499 6,807,992 0.59% 0.12%

9,682,908 9,682,908 0.17% 0.17%57,571,058 16,159,651 1.01% 0.28%

- 9,022,806 - 0.16%- 46,290,122 - 0.80%

- 0.02%- 1,404,354 - 0.02%

- 4,723,126 - 0.08%5,761,649 8,381,288 0.10% 0.15%

14,182,615 - 0.25%36,413,294 18,024,277 0.64% 0.31%

- -

- 14,063,206 - 0.24%- - - 0.00%

- 5,761,649 - 0.10%- - - 0.00%


ISTIMEWA - Lanjutan

44.

- -

- 1,105,548

5,496,064 1,420,370

112








PT Pertamina (Balongan)PT Pertamina (Soekarno Hatta)Pertamina Region IPT Angkasa Pura IIBPLS Lapindo Porong

Otorita BatamJasa Marga. PTDep PU Tata Ruang TarakanJO Wika - PP - Sacna

Rp 1.000.000.,-Sub Jumlah

PINJAMAN JANGKA PENDEK/SHORT-TERM LOAN

% Terhadap Total Kewajiban% To Total Liabilities

PT BRI (Persero) TbkPT Bank Mandiri (Persero) PT BNI (Persero) Tbk

PERIKATAN DAN KONTINJENSI COMMITMENT AND CONTINGENCY

Kontrak Konstruksi Construction Contract

Nama Proyak/ Nilai Kontrak Pemberi Kerja/

Name of Projects Contract Value Owner Mulai/Started

1 PLTU Indramayu PLN2 PLTU Pelabuhan Ratu PLN3 PLTU Labuan PLN4 Jetty Labuan PLN5 PLTGU Tanjung Priok MHI

& US$ 23.353.3386 PLTGU Muara Karang MHI

& US$ 10.694.4527 PLTU Sulut PLN8 Aceh Road/Bridge Reconstruction and USAID

Rehabilitation Project (USID)9 Construction of Three (3) Storey Women Catholic Relief Services (CRS)

and Children Hospital Building

2,204,274 - 0.04% -

- - 82,282,298 - 1.44% -

16,750,324 - 0.29% - 25,676,107 - 0.45% -

30,092,531 - 0.53% - 1,467,060 - 0.03% -

6.03% 2.83%

1,706,051 - 0.03% - 151,378 - 0.00% -

15,880,196 - 0.28% - - - - -

Period of Time

Selesai/Ended

- 392,861,403 - 9.13%

Tidak ada perbedaan kebijakan harga dan syarattransaksi antara pihak hubungan istimewa sama danpihak ketiga.

There is no differences on policy between the price and

transaction conditions amongs the parties having the special

relations and third party.

- 331,348,955 - 7.70%- 14,998,947 - 0.35%

2009 2008 2009 2008- 46,513,501 - 1.08%

9-Feb-09 17-Oct-11

144,773,151 15-Sep-07 30-Jan-09

398,199,400 26-Jun-07 25-Nov-10403,771,398 29-Sep-07 29-Sep-09

154,130,317 12-Jun-07 28-Nov-09254,000,000 2-Apr-08 2-Apr-10

29,091,000 6-Oct-08 20-May-09

358,243,183 30-Oct-07 30-Dec-09732,642,000 22-Aug-05 30-Jun-09

Jangka Waktu/

11,816,388 5,796,291 0.21% 0.10%343,867,591 163,214,123

212,784,168

45. 45.

Perseroan telah mengikat kontrak konstruksi denganberbagai pihak, kontrak ini mengikat kedua belahpihak untuk memenuhi kewajibannya dalam jangkawaktu kontrak. Perusahaan memiliki komitmen untukmelaksanakan pekerjaan konstruksi dengan nilaikontrak diantaranya sebagai berikut :

The Company has entered into a construction contract with

other parties, this contract shall bind the parties to fulfill their

obligations during the term of contract.The company is

committed to perform construction work based on the contract

value, amongs other things is:


ISTIMEWA - Lanjutan

44.

No.

DPU Dirjen SDA BBWSCiliwung Cisadane

- -

113







PERIKATAN DAN KONTINJENSI - Lanjutan COMMITMENT AND CONTINGENCY - Lanjutan



10 East west Motoroway Project- Algeria COJAAL

11 Production of Concrete Pipe for COJAAL. Consortium Japonais pour L'AutoConstantine Algier

12 Amandit Irrigation-JO, Kalsel Dept.PU, Dirjend SDA13 Bandung Pengadilan III-Lanjutan DPU SDA Kaltim 14 Fly Over - PT.KPC PT.KPC15 Jalan Pati - Rembang A-JO DPU-Bina Marga , Jateng16 Jalan Ganda Cirebon-Kroya-JO Departemen Perhubungan 17 Lanjutan Pembangunan Revetment Pantai DPU-Tarakan

Amal-Tarakan18 Pembangunan Jalan MERR II-C DPU Bina Marga, Surabaya

dan Jl.A Yani-JO19 Pembangunan Jalan Nimbotong-Sarami-JO DPU Bina Marga, Jayapura20 Pembangunan Jalan Pangkalan Lada- DPU Bina Marga, Kalteng

Jl.A.Yani-JO21 Pembangunan Jembatan Kalinjau DPU Subdin Bina Marga22 Pembangunan Jembatan Lintas Barat-JO DPU Bina Marga-Sulsel23 Pemeliharaan Jalan Liang Anggang- DPU Bina Marga-Kalteng

Pleihari-JO24 Penurapan S. Kayan-Bangunan-Jo DPU-Kab Bangunan 25 Sabo Dam Bawakaraeng 7.4,7,5-JO DPU-Ditjen SDA, Sulsel26 Supply and Install Concrete Spun Pile- PT, INCO

PT. INCO27 Pekerjaan Jalan Collection Road PT Swakarsa Sinar Sentosa

Muara Wahau28 Normalisasi Kali Cisadane Hilir DPU Dirjen SDA, BBWS CILCIS29 DAM Tembesi Thp I (PILTO DYKE) Batam Otorita Pengembangan Daerah In30 Pemb. Jembatan Simpang Susun (Tahap I) PT. Alfa Goldlan Realty31 Pekerjaan Jalan Beton (Alam Sutera) PT Alam Realty Tbk

Proyek JO:32 Pembangunan Fly Over Cengkareng PU Binamarga

(PP-WIKA 51%-49%)33 Pemb. Jembatan Kakap CS Surabaya

(WIKA-TECTONIA-INTI:40%-30%-30%)34 Pek. Lanjutan tahap II PSAB Kota Tj. Redeb Pemda Berau Kaltim

(WIKA KARKA ARGANUSA)35 RFO II PT Petro Kimia Gersik36 Pipanisasi Balongan Pertamina

& US$ 25.737.465 Pertamina37 PKS Malimping PT PN 8

& US$ 7.400 PT PN 838 PLTU Sulut & US$ 4.352.744 EPC39 PKS Adaro PT Adaro40 P9-P10 PCC Grinding-Palimanan PT Indocement41 P9/P10B Cement Mill PT Indocement42 Teluk Naga PT Bukaka Teknik43 The Belleza Plumbing PT. Sumberdaya Nusaphala44 Lucky Square PT. Lucky Sakti45 The Adhiwangsa PT. Adhibaladika /PT Bukit Darmo

Selesai/Ended

453,419,360 1-Jul-07 1-Oct-09

Jangka Waktu/Period of Time

1-May-08 28-Nov-0935,003,000 12-May-08 4-Oct-09

22,622,000 13-Jun-08 5-Sep-0918,489,000 1-Jan-08 8-Jan-09

47,417,000 1-Aug-08 1-May-09

126,508,000 26-Aug-05 25-Feb-09

35,626,000 26-Nov-07 24-Nov-0943,182,000 23-Jan-08 30-Dec-09

62,819,000 1-May-08 26-Dec-0843,621,000 23-May-08 6-Feb-10

7,230,000 1-Nov-08 23-Jun-09

27,400,000 29-Aug-08 31-Dec-09

9-Sep-08 8-Aug-09

122,479,320 3-Dec-08 30-May-09

16,422,000 1-May-08 9-Oct-0912,526,000 12-Nov-08 29-Oct-09

42,126,000 13-May--8 3-Jan-09

32,597,000 1-Mar--08 6-Mar-09

15-Dec-08 29-Dec-11

62,099,333 26-Dec-08 25-Dec-10

3,265,824 19-Dec-08 18-Apr-09

53,356,100 12-Aug-08 15-Jan-11

224,050,039 23-Dec-08 26-Dec-0910,017,375 19-Dec-08 18-Apr-09

1-Aug-2008 1-Mar-200941,952,000 1-Jul-2000 28-Feb-200957,000,000 2-Apr-2008 30-Nov-2009

7-Jan-08 31-Mar-0929,483,636 1-Aug-2008 31-Jul-09

3-Jul-08 2-Jul-09

129,500,000 15-Sep-2008 15-Sep-200957,615,322 5-Dec-2007 4-Aug-2009

525,000,000 9-Mar-07 7-Feb-09

23,053,734 22-Nov-2005 22-Jul-0661,404,830 28-Dec-06 6-Jun-07

51,000,000 23-Sep-08 28-Aug-0925,644,144 18-Dec-08 31-Mar-09

No.

45. 45.

58,225,985

529,954,544

28,009,000

114







PERIKATAN DAN KONTINJENSI - Lanjutan COMMITMENT AND CONTINGENCY - Lanjutan



46 SOHO Pulo Gadung PT. Sinar Himalaya47 Paragon City Semarang PT. Cakrawala Sakti kencana48 BSD Entertainment Center PT. Deyon Resources49 Bandara Adhi Sumarmo PT. Angkasa Pura I50 Solo Paragon-Solo PT. Sunindo Gapura Prima51 Apartement Cervino PT. Pakkodian - -52 Gedung Astra PT. Samadistiua Karya53 MT Haryono Square PT. Sukses Karya Perdana 54 LJ Meritus PT. Gloria Ramayana Interhotek55 SMAN3 Tenggarong Lanjutan56 Trilium PT. Pemuda Central Investindo57 RSIA Mandiri Yayasan Kesehatan Bank Mandiri58 CBD Serpong Arsitek PT. Dinamika Karya Utama59 SMA Pintar Kuantan Sengingi PT. Dinamika Karya Utama60 Sport Centre Kuantan Sengingi PT. Dinamika Karya Utama61 Bandara Sultan Syarief Kasim II PT. Angkasa Pura II62 Mitsubishi Corporation

63 PLTU Nagan Raya NAD (2x110 MW) Sinohydro Corporation Limited64 DPPU Kualanamu Medan Sumatra Utara65 PLN

66 PLN

67PT. Indominco Mandiri

68 Penggantian Fasilitas DPPU Soekarno Hatta Pertamina69 Konstruksi Sabo Dam & Tanggul Gunung DEP PU70 Pengendalian Banjir Benganwan Solo DEP PU71 Pembangunan Jalan TOL Sumo PT. Marga Nujyasumo Agung72 Waduk Serbaguna Jatibarang DEP PU73 Normalisasi Kaligarang & Banjir DEP PU74 Lippo Kawaraci FO PT. Lippo Karawaci Tbk75 Bandengan FO DEP PU76 Jabung Ring Dyke Package J2 (2) DEP PU77 Rek Rigid Alam Sutera (THP II) PT. Alam Sutera Realty Tbk78 Pek Jembatan Simpang Susun Alam PT. Alam Sutera Realty Tbk

PERISTIWA SETELAH TANGGAL NERACA SUBSEQUENT EVENTS

Selesai/Ended

29,843,309 7-Jan-08 7-Nov-08

Jangka Waktu/Period of Time

14-Jul-08 24-Jun-0944,860,909 Oct-08 Oct-09

52,527,273 15-Apr-08 11-Nov-0846,022,727 21-May-08 14-Mar-09

158,181,818 3-Apr-08 28-Jan-09108,000,000 7-Apr-08 2-Jan-09

160,375,000 75,000,000

11-Aug-08 7-Jun-0965,890,909 8-Dec-08 4-Oct--10

64,340,835 31-Jul-08 30-Nov-1022,386,364 9-Oct-08 4-Oct--09

62,954,545 19-Jul-08 20-Sep-0939,969,649 16-Jul-08 16-Dec-08

25,272,727

12-Aug-09 5-Dec-10PLTU 2 Sulawesi Utara ( 2 x 25 )MW Power Project

358,243,183 30-Oct-07 30-Dec-09 & USD 32.129.500

Tanjung Priok Gas FiredPower Plant ExtentionProject

199,768,713 11 Feb-09 29-Oct-11& USD 21.253.759

13,875,907 28-Oct-09 30-Apr-10

118,590,909 8-Dec-08 3-Nov-10165,500,000 12-Aug-09 5-Dec-10

25,460,180 PT Pertamina

29-May-09 3-Jun-101,408,468,529 1-Jun-09 22-May-11

308,656 12-Aug-09 12-Aug-1260,548,876 6-May-09 12-Aug-12

PLTU Kalimantan Selatan 2 x 65MW CFSPP Project

323,009,447 20-Aug-08 20-Oct-10

Workshop, Crushing and SkylineConveyor System of East Block -Indominco

71,972,000 27-Feb-09 1-Feb-10

77,303,081

5-Mar-09 4-Jul-09

92,840,961 17-Dec-09 4-Jun-123,156,702 5-Mar-09 4-Jul-09

22,000,000 1-Oct-09 27-Feb-1086,685,607 2-Dec-09 5-Nov-11

184,785,207 15-Oct-09 13-Dec-1395,329,040 15-Oct-09 14-Oct-12

46. 46.

Pada tanggal 5 Februari 2010 telah diadakan RUPSLBWIKA NGK, yang dihadiri oleh 100% pemegang sahamWIKA-NGK. Perseroan berencana melakukan divestasisaham pada WIKA-NGK. Sehubungan dengan haltersebut, pemegang saham WIKA-NGK telahmenyatakan setuju untuk melaksanakan likuidasidengan keputusan 100% terhadap WIKA-NGK.

On February 5, 2010 has been held WIKA NGK EGM, which

was attended by 100% shareholder WIKA-NGK. The Company

plans to divest its shares in WIKA-NGK. Accordingly, the

shareholders WIKA-NGK has agreed to carry out the liquidation

by the decision 100% of WIKA-NGK.

13,156,701

45.

No.

45.

115







PERISTIWA SETELAH TANGGAL NERACA - Lanjutan SUBSEQUENT EVENTS - Continued

PENYELESAIAN LAPORAN KEUANGAN FINANCIAL STATEMENT COMPLETION

46. 46.

Pelaksanaan divestasi adalah 100% atau 1048 lembarsaham dengan nilai nominal sebesar Rp 1.708.240.000(Rupiah penuh).

Implementation of the divestment is 100% or 1048 shares with

a nominal value of Rp 1,708,240,000 (Full amount).

47. 47.

Manajemen perusahaan bertanggung jawabsepenuhnya terhadap penyajian laporan keuangan dancatatan atas laporan keuangan yang yang diselesaikanpada tanggal 29 Maret 2010.

The Financial Statement are the responsibility of the

Company's Management included noted to financial

statements which were completed on March 29, 2010.

116

INFORMASI TAMBAHAN /

SUPLEMENTARY INFORMATION


INDUK PERUSAHAAN PARENT COMPANY

NERACA BALANCE SHEETS

31 Desember 2009 December 31 2009

Dengan Angka Pembandng untuk Tahun 2008 With Comparative Figures for 2008


ASET ASSETS

ASET LANCAR CURRENT ASSET S


Piutang Usaha -bersih Trade Receivables-net

Piutang Retensi Retention Receivables

Tagihan Bruto Pemberi Kerja Due Customer

Piutang Lain-lain bersih Other Receivables-net

Persediaan Inventories

Uang Muka Advance

Pajak Dibayar dimuka Prepaid Tax

Biaya Dibayar Dimuka Prepaid Expance

Jamina Usaha Business Guarantee

Jumlah Aset Lancar Total Current Assets

ASTE TIDAK LANCAR NON CURRENT ASSETS

Aset Pajak Tangguhan Deferred Tax Asset

Investasi Pada Perusahaan Assosiasi Investment in Associates

Aset Tetap Bersih Fixed Asset-net

Setoran Dana Kerja Sama Operasi Joint Operation Fund Deposits

Aset Lain-lain Other Assets

Jumlah Aset Tidak Lancar Total Non Current Assets

JUMLAH ASET TOTAL ASSETS

45,670,163 49,175,660 760,038,473 565,145,281

3,723,520,837 3,986,769,327

117

99,495,512 142,774,616 94,753,932

- 5,000 2,963,482,364 3,421,624,046

- -

712,079,506 899,312,671 480,877,149 585,757,513 376,000,966 320,367,305

2009 2008

171,015,649 219,459,272 213,473,357 151,876,658

4,278,373 11,991,633

581,660,175 660,130,416 336,262,889 392,068,474 87,834,301 180,655,104

469,828,795 321,720,177 101,764,898



NERACA BALANCE SHEETS

31 Desember 2009 Dengan Angka Pembandng untuk Tahun 2008 With Comparative Figures for 2008


KEWAJIBAN DAN EKUITAS LIABILITIEAS AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIES

Pinjaman Jangka Pendek Short Term Loans

Hutang Usaha Trade Payables

Hutang Lain-lain Other Payables

Kewajiban Bruto Pemberi Kerja Due to Customer

Hutang Pajak Tax Payables

Uang Muka Dari Pelanggan Advance From Customer

Biaya Yang Masih Harus Dibayar Accrued Expences

Pendapatan Yang Diterima Dimuka Unearned Revenue

Jumlah Kewajiban Lancar Total Non Current Liabilities

KEWAJIBAN TIAK LANCAR NON CURRENT LIABILITIES

Kewajiban Imbalan Pasca Kerja Post Employment Benefits Liability

Uang Muka Proyek Jangka Panjang Advance for Long Term Project

Jumlah Tidak Tidak Lancar Total Non Current Assets

EKUITAS EQUITY

Modal Saham Shares Capital

Tambahan Modal Disetor Additional Paid-in Capital

Perubahan ekuitas pada Perusahaan Anak Changes in equity of subsidiary company

Selisih kurs penjabaran laporan keuangan Foreign exc. translation of financial. statements

Saldo Laba Retained Earning

Jumlah Ekuitas Total Equity

JUMLAH KEWAJIBAN DAN EKUITAS TOTAL LIABILITIES AND EQUITY

386,017,418 246,892,633 1,532,941,232 1,384,641,206

3,723,520,837 3,986,769,327

118

564,159,304 565,877,973 8,813,220 6,983,190 -

584,636,750 584,615,400 Modal saham yang diperoleh kembalidisajikan dengan nilai nominal 176.686.500saham dan 127.448.000 saham tahun 2009dan 2008 (17,668,650) (12,744,800)

-

592,867,501 665,257,512 597,498,265 668,218,953

Modal Dasar 16.000.000.000 saham nilainominal Rp.100 (Rupiah penuh) per saham.,Modal ditempatkan dan disetor5.846.367.500 dan 5.846.154.000 sahamtahun 2009 dan 2008.

1,002,302 6,418,220 1,593,081,340 1,933,909,168

4,630,764 2,961,441

121,023,166 66,258,228 - -

644,137,535 576,946,357

803,133,152 761,554,432 5,640,584 58,581,820

18,144,602 386,430

December 31 2009

2009 2008

- 463,763,681



LAPORAN LABA RUGI STATEMENT OF INCOME





PENJUALAN BERSIH NET SAES


Laba Kotor Sebelum Bagian Laba (Rugi) Gross Profit Before Income Portion

Proyek KSO From JO Project

Laba (Rugi) Proyek KSO Profit (Loss) Project

Laba kotor Setelah Bagian Laba (Rugi) Gross Profit After Income Portion

Proyek KSO From JO Project

BEBAN USAHA OPERATING EXPENSES

Beban Penjualan Sales Expenses

Beban Umum dan Administrasi General and Administrative Expenses

Jumlah Beban Usaha Total Operating Expenses

LABA USAHA OPERATING INCOME

PENDAFTARAN (BEBAN) LAIN-LAIN OTHER INCOME (EXPENSES)

Pendapatan Bunga Interest Income

Laba (Rugi) selisih kurs-bersih Gain (Loss) in Foreign Exchange-Net

Laba Penjualan aktifa tetap Gain on Disposal of Fixed Assets

Beban Bunga dan denda Interest Expenses and Pinalty

Beban penyisihan Piutang Allowance for Doubtful Account

Beban Amortisasi Goodwill Amortization Expense of Goodwill

Lain-lain Bersih Other-Net

Jumlah pendapatan (Beban) Lain-lain Total Other Income (Expense)-Net

BAGIAN LABA(RUGI) PERUSAHAAN PROFIT (LOSS) SUBSIDIARIES -

ANAK DAN ASSOSIASI AND ASSOCIATION COMPANY

LABA SEBELUM PAJAK PENGHASILAN PROFIT BEFORE INCOME TAX

PENGHASILAN (BEBAN) PAJAK INCOME TAX (EXPENSE)

Pajak kini Current Tax

PPh Final Jasa Konstruksi Final Tax

Pajak Tangguhan Deferred Tax

Jumlah Penghasilan (Beban)Pajak Total Tax Expenses

LABA BERSIH NET INCOME

Laba Bersih Per Saham Dasar Basic Earning Per Share

(Rupiah Penuh) (Full amount)

33.37 26.75

119

- (8,954,606) (100,039,001) (46,482,799)

189,222,076 156,034,395

289,261,077 202,517,203

- (37,528,193) (100,039,001) -

(20,965,266) 13,538,288

69,143,661 65,887,919

(17,532,066) (40,378,240) (2,512,241)

(31,582,767) (29,236,795) -

5,730,422 47,599,887 (2,000) (323,663)

387,041 (15,334,743)

108,277,815 113,542,298

241,082,682 123,090,996

24,546,344 51,211,842

349,360,497 236,633,294

1,050,735 853,242 107,227,080 112,689,056

326,752,840 239,732,319 22,607,657 (3,099,025)

2009 20083,676,865,300 4,311,332,558 3,350,112,460 4,071,600,239

Additional information

PT WIJAYA KARYA (PERSERO),Tbk. (PARENT COMPANY)


Dengan Angka Pembanding untuk tahun yang berakhir 31 Desember 2008 With Comparative Figures for the year ended December 31, 2008


Jumlah/Belulm ditentukan

penggunanya /Paid-in capital Treasury stock Unappropriated Total

Others reserveGeneral reserve

SALDO PER 1 JANUARY 2008 584,615,400 577,339,779 129,256,889 1,291,212,068 BALANCE AS OF JAN 1, 2008

Pembelian saham kembali - (12,744,800) (11,461,806) - - - (24,206,606) Treasury stock

Deviden - - - - - (34,907,865) (34,907,865) Dividend

Bina lingkungan - - - - - (1,163,595) (1,163,595) Environmental Conservatife

Program kemitraan - - - - (2,327,191) (2,327,191) Funding for small scale business

Dana cadangan bertujuan 11,635,955 (11,635,955) - Appropriation of General Reserve

Cadangan lainnya 79,104,301 (79,104,301) - Other Reserve

584,615,400 (12,744,800) 565,877,973 - - 79,104,301 11,635,955 117,982 1,228,606,811 Laba bersih - - - - - 156,034,395 156,034,395 Net Income

SALDO PER 31 DESEMBER 2008 584,615,400 (12,744,800) 565,877,973 - - 79,104,301 11,635,955 156,152,377 1,384,641,206 BALANCE AS OF DEC. 31, 2008

Eksekusi Opsi Saham 21,350 - - (21,350) - Stock Option Execution

Saham diperoleh kembali (4,923,850) (4,923,850) Treasury Stock

Kompensasi Berbasis Saham 3,921,529 3,921,529 Stock Based Compensation

Disagio saham diperoleh kembali (5,640,199) (5,640,199) Disagio of treasury

Perubahan ekuitas anak perusahaan 8,813,220 8,813,220 Changes in Equity of Subsidiries

Selisih kurs penjabaran laporan keuangan 6,983,190 6,983,190 Foreign exchange translation

Dividen (45,523,581) (45,523,581) Dividend

Bina Lingkungan (1,517,453) (1,517,453) Enviromental Conservation

Prgram Kemitraan (3,034,905) (3,034,905) Funding for Small-Scale Business

Dana Cadangan Bertujuan 30,349,054 (30,349,054) - Appropriation of General Reserves

Cadangan lainnya 75,609,402 (75,609,402) - Others Reserves

584,636,750 (17,668,650) 564,159,304 6,983,190 8,813,220 (21,350) 154,713,703 41,985,009 117,982 1,343,719,158 Laba bersih - - - - - 189,222,076 189,222,076 Net Income

SALDO PER 31 DESEMBER 2009 584,636,750 (17,668,650) 564,159,304 6,983,190 8,813,220 (21,350) 154,713,703 41,985,009 189,340,058 1,532,941,234 BALANCE AS OF DEC. 31, 2009

Ditentukan penggunannya / Appropriated

STATEMENT OF CHANGES IN EQUITIES

Saldo laba/Retained Earning

Cadangan lainnya /

Opsi saham

Stock option

Informasi tambahanPT WIJAYA KARYA (PERSERO),Tbk .(INDUK PERUSAHAAN)

LAPORAN PERUBAHAN EKUITAS

Selisih kurs penjabaran

laporan

Modal saham diperoleh kembali /

Tambahan modal disetor /Modal disetor /

120

Additional paid-in Capital

Foreign exchange translation of financial

Perubahan ekuitas

pada anak Changes in

equity of Subsidiary Company

Cadangan bertujuan



LAPORAN ARUS KAS STATEMENT OF CASHFLOW





URAIAN DESCRIPTION


OPERASI OPERATING ACTIVITIES

Penerimaan kas dari pelanggan Received from Customer

Pembayaran kepada pemasok Payment to Supliers

Pembayaran beban usaha Pyment for Operating Expense

Pyment for Dierctor and Enploye

Penerimaan Bunga Interest Received

Pembayaran bunga pinjaman Payment of Interest

Pembayaran Pajak Penghasilan Payment -received of Income Tax

Kas Besih Diperoleh Dari (Digunakan Net Cash Provided by (Used For)

untuk) aktivitas Investasi Operating Activities


INVESTASI INVESTING ACTIVITIES

Penurunan (Penambahan) jaminan usaha Decrease (Increase0 Business Guarante

Pembelian aktifa tetap Acquisition of Fixed Assets

Investasi Pada Perusahaan Assosiasi Profit of subsidiaries company

Bagian Laba Anak Perusahaan Invesment of Association Company

Penurunan (Kenaikan) Kerjasama Operasi Increase in Other Investing Activitoes

Pengeluaran Investasi lainnya Net Cash Provided by (Used For)

Kas Besih Diperoleh Dari (Digunakan Investing Activities

untuk) aktivitas Investasi


PENDANAAN FINANCING ACTIVITIES

Kenaikan (Penurunan) pinjaman bank Increase (Decrease) of Bank Loans

Pembelian kembali obligasi Payment of Buy Back Bonds

Pembelian kembali Saham yang beredar Treasury Stock

Payment of Divided, Tantiem,

jasa produksi dan PKBL Service Product and PUKK

Increase of trade receivble-related parties

Kenaikan (Penurunan) Aktivitas Increase (Decrease) of

pendanaan lainnya Other Finance Activities

Perubahan ekuitas pada perusahaan anak Changes in Equity of Subsidiary Company

Kas Bersih Diperoleh Dari (Diguna Net Cash Provided by (Used For)

kan untuk) Aktivitas pendanaan Financing Activities

KENAIKAN (PENURUNAN) BERSIH INCREASE (DECREASE) OF NET CASH

KAS DAN SETARA KAS CASH EQUIVALENT

SALDO KAS DAN SETARA KAS BEGINNING BALANCE OF CASH AND

AWAL TAHUN EQUIVALENT

SALDO KAS DAN SETARA KAS ENDING BALANCE OF AND

AKHIR TAHUN EQUIVALENT

899,312,671 1,180,798,894

712,079,506 899,312,671

(187,233,165) (281,486,223)

(49,735,268) - 8,813,220

(504,685,729) (81,623,771)

- (38,398,651) Kenaikan Piutang pihak hubungan istimewa - (224,590,021)

-

- (24,206,606) Pembayaran dividen, tantiem, -

(103,138,874) (53,713,819)

(463,763,681) 339,015,171 - (133,443,664)

69,143,661 (142,706,743) (25,413,028) 28,299,977

3,505,496 -

5,000 545,000 (2,271,386) (5,739,972)

(148,108,618) 65,887,919

387,041 (15,334,743) (106,870,761) (66,763,731) 420,591,438 3,803,570,984

Pembayaran kepada Direksi dan Karyawan (53,434,579) (77,230,480) 24,546,344 51,211,842

3,788,538,429 3,975,081,127 (3,145,306,115) (3,949,719,617)

(87,268,921) (63,393,031)

2009 2008

121

Documents

Final WIKA 2009 · Laporan keuangan terlampir tidak dimaksudkan untuk menyajikan posisi keuangan, hasil usaha, perubahan ekuitas dan arus kas sesuai dengan prinsip dan praktek akuntansi