PT JAPFA COMFEED INDONESIA Tbk & ITS SUBSIDIARIES Laporan Posisi Keuangan Konsolidasian 30 September 2012 (Tidak Diaudit)

dan 31 Desember 2011 (Diaudit) ASET ASET LANCAR Kas dan setara kas Investasi Jangka Pendek Piutang Usaha Pihak berelasi Pihak ketiga - setelah dikurangi penyisihan piutang ragu-ragu masing-masing sebesar Rp 965,973,450 pada bulan September 2012 dan sebesar Rp 1,016,410,763 pada bulan Desember 2011 Piutang lain - lain Persediaan Ayam pembibit turunan Uang muka Pajak dibayar dimuka Biaya dibayar dimuka Jumlah Aset Lancar ASET TIDAK LANCAR Rekening bank yang dibatasi penggunaannya Aset pajak tangguhan Goodwill Tanaman - bersih Sapi pembibit turunan Properti investasi - setelah dikurangi akumulasi penyusutan masing - masing Sebesar Rp 36,805,800,457 pada bulan September 2012 dan Sebesar Rp 38,469,810,863 pada bulan Desember 2011 Aset tetap - setelah dikurangi akumulasi penyusutan Sebesar Rp 2,020,520,493,708 pada bulan September 2012 dan Sebesar Rp ### pada bulan Desember 2011 Aset tetap yang tidak digunakan - bersih Aset real estat Aset lain - lain Jumlah Aset Tidak Lancar 4,334 124,446 70,013 2,263 167,949 2,982 73,382 70,013 2,267 140,835 30-Sept 2012 Rp'000.000 910,402 12,533 56,984 31-Dec 2011 Rp'000.000 827,444 11,283 48,142

PT JAPFA COMFEED INDONESIA Tbk DAN ENTITAS ANAK Consolidated Balance Sheets As of 30 September 2012 (Unaudited) and 31 December 2011 (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents Short-term Investments Trade Accounts Receivables Related Parties Third Parties - Net of allowance for doubtful accounts of Rp 965,973,450 on September 2012 and Rp 1,016,410,763 on December 2011, respectively Other Accounts Receivables Inventories Breeding Chickens Advances Prepaid Taxes Prepaid Expenses

853,757 45,805 3,679,752 381,937 492,133 192,962 36,221 6,662,485

630,573 47,414 2,640,526 382422 145,778 173,389 25,329 4,932,300

NON-CURRENT ASSETS Restricted Cash in Bank Deferred Tax Assets Goodwill Plantations - Net Breeding Cattles Investment Properties Net of Accumulated Depreciation Of Rp 36,805,800,457 on September 2012 and Rp 38,469,810,863 on December 2011, respectively Property, Plant and Equipment - Net of Accumulated Depreciation 2,020,520,493,708 on September 2012 and Of Rp Rp ### on December 2011, respectively Unused Assets - Net Real Estate Assets Other Assets

46,004

50,880

3,718,653 10,854 19,386 36,336 4,200,237

2,933,581 2,832 17,990 39,355 3,334,117

TOTAL ASET

10,862,722

8,266,417

TOTAL ASSETS

PT JAPFA COMFEED INDONESIA Tbk & ITS SUBSIDIARIES Consolidated Balance Sheets 30 September 2012 (Tidak Diaudit) dan 31 Desember 2011 (Diaudit)

PT JAPFA COMFEED INDONESIA Tbk DAN ENTITAS ANAK Laporan Posisi Keuangan Konsolidasian As of 30 September 2012 (Unaudited) and 31 December 2011 (Audited)

LIABILITAS DAN EKUITAS

30-Sept 2012 Rp'000.000

31-Dec 2011 Rp'000.000

LIABILITIES AND EQUITY

LIABILITAS LIABILITAS LANCAR Utang bank jangka pendek Utang usaha Pihak berelasi Pihak ketiga Utang lain-lain kepada pihak ketiga Utang pajak Biaya masih harus dibayar Uang muka yang diterima Bagian liabilitas jangka panjang yang akan jatuh tempo dalam waktu satu tahun Pinjaman jangka panjang Pembelian aset tetap Sewa Pembiayaan Utang Obligasi Jumlah Liabilitas Lancar LIABILITAS TIDAK LANCAR Liapilitas pajak tangguhan Liabilitas imbalan pasti pasca kerja Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo dalam waktu satu tahun Pinjaman jangka panjang Pembelian aset tetap Sewa pembiayaan Utang obligasi Jumlah Liabilitas Jangka Panjang Jumlah Liabilitas 34,392 472,043 34,270 427,653 2,116,991 113,711 541,244 78,905 107,036 154,156 33,685 1,799,804 346 313,758 47,704 36,821 73,190 43,136

LIABILITIES CURRENT LIABILITIES Short-term Bank Loans Trade Accounts Payable Related Party Third Parties Other Accounts Payable to Third Parties Taxes Payable Accrued Expenses Advances Received Current maturities of Long-Term Liabilities Long-term Loans Liability for the purchase of Property, Plant & Equipment Lease Liabilities Bonds Payable Total Current Liabilities NON-CURRENT LIABILITIES Deferred Tax Liabilities Defined-benefit post-employment reserve Long-Term Liabilities Net of Current Portion Long-term Loans Liability for the Purchase of Property, Plant and Equipment Lease Liabilities Bonds Payable Total Non-Current Liabilities Total Liabilities

316,282 5,841 2,614

276,969 7,415 1,582 499,266 3,099,991

3,470,466

703,362 1,801.96 5,420 1,489,070 2,706,089 6,176,555

914,495 3,421.00 1,240 1,381,079 4,481,070

EKUITAS Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Modal saham Modal dasar - 2.000.000.000 saham Seri A dengan nominal Rp 1.000 per saham dan 5.000.000.000 saham Seri B dengan nilai nominal Rp 200 per saham Modal ditempatkan dan disetor - 1.489.414.660 saham Seri A dengan nilai nominal Rp 1.000 per saham dan 582.318.000 saham seri B dengan nilai nominal Rp 200 per saham Agio saham Treasury Stock Saldo laba Ditentukan penggunaannya Belum ditentukan penggunaanya Selisih nilai transaksi restrukturisasi entitas sepengendali Komponen ekuitas lainnya Jumlah Kepentingan Nonpengendali Jumlah Ekuitas

EQUITY Equity attributable to the owner of parent company Capital Stock Authorized - 2,000,000,000 Series A shares with IDR 1,000 par value per share and 5,000,000,000 Series B shares with IDR 200 par value per share issued and Paid-up 1,489,414,660 Series A shares with IDR 1,000 par value per share and 582,318,000 Series B shares with IDR 200 par value per share Additional Paid-In Capital Treasury Stock Retained Earnings (Deficit) Appropriated Unappropriated Difference in value arising from restructuring transaction among entities under common control Other Equity Components Total Noncontrolling Interests Total Equity

1,666,250 579,384 (17,717) 120,000 1,613,344 316,232 3,753 4,281,245 404,922 4,686,167

1,605,878 426,227 104,000 864,308 316,232 1,287 3,317,932 467,415 3,785,347

TOTAL LIABILITAS DAN EKUITAS

10,862,722

8,266,417

TOTAL LIABILITIES AND EQUITY

PT JAPFA COMFEED INDONESIA Tbk DAN ENTITAS ANAK Laporan Laba Rugi Komprehensif Konsolidasian Untuk Periode Sembilan Bulan yang Berakhir 30 September 2012 dan 2011 (Tidak Diaudit)

P.T. JAPFA COMFEED INDONESIA Tbk AND ITS SUBSIDIARIES Consolidated Statements of Comprehensive Income For The Nine Months Period Ended 30 September 2012 and 2011 (Unaudited)

30 SEPTEMBER 2012 Rp'000.000 PENJUALAN BERSIH BEBAN POKOK PENJUALAN LABA KOTOR Keuntungan penjualan aset tetap Penghasilan Bunga Keuntungan (kerugian) kurs mata uang asing - bersih Beban umum dan administrasi Beban Penjualan Beban bunga Lain-lain - bersih LABA SEBELUM PAJAK 13,398,634 10,810,919 2,587,715 4,421 38,712 19,311 (859,033) (260,151) (323,520) 25,680 1,233,136 2011 Rp'000.000 11,870,898 9,903,352 1,967,546 56,676 14,345 (2,568) (722,999) (361,621) (238,273) 21,012 734,118 NET SALES COST OF GOODS SOLD GROSS PROFIT Gain on sale of property, plant and equipment Interest Income Gain (loss) on foreign exchange - net General and administrative expenses Selling expenses Interest expense Others - net INCOME BEFORE TAX

BEBAN (PENGHASILAN) PAJAK Pajak kini Pajak tangguhan Beban (Penghasilan) Pajak LABA BERSIH BEBAN KOMPREHENSIF LAIN Selisih Kurs karena Penjabaran Laporan Keuangan JUMLAH LABA KOMPREHENSIF

281,042 (49,968) 231,075 1,002,061

163,628 (13,041) 150,587 583,531

TAX EXPENSE (BENEFIT) Current Tax Deferred Tax Tax Expense (Income) NET INCOME OTHER COMPREHENSIVE LOSS Translation adjustment TOTAL COMPREHENSIVE INCOME

2,466 1,004,527

(21,624) 561,908

Laba bersih yang dapat diatribusikan kepada : Pemilik entitas induk Kepentingan nonpengendali

924,640 77,421 1,002,061

540,634 42,898 583,531

Net income attributable to : Owners of the Company Noncontrolling interests

Laba komprehensif yang dapat diatribusikan kepada : Pemilik entitas induk Kepentingan nonpengendali

927,106 77,421 1,004,527

519,010 42,898 561,908

Comprehensive income attributable to : Owners of the Company Noncontrolling interests

LABA PER SAHAM DASAR (dalam Rupiah penuh)

435

261

BASIC EARNINGS PER SHARE (in full amounts of Rupiah)

P.T. JAPFA COMFEED INDONESIA Tbk AND ITS SUBSIDIARIES Laporan Perubahan Ekuitas Konsolidasian Untuk Periode Sembilan Bulan yang Berakhir 30 September 2012 dan 2011 (Tidak Diaudit)

PT JAPFA COMFEED INDONESIA Tbk AND ENTITAS ANAK Consolidated Statements of Changes in Equity For The Nine Months Period Ended 30 September 2012 and 2011

Modal Ditempatkan dan Disetor / Issued and Paid up Capital

Agio Saham / Additional Paid-In Capital

Treasury Stock

Selisih Kurs karena Penjabaran Laporan Keuangan / Translation Adjustment

Selisih Transaksi Perubahan Ekuitas Anak Perusahaan / Difference Due to Changes in Equity of a Subsidiary

Selisih Transaksi Restrukturisasi Entitas Sepengendali / Difference in Value Arising From Restructuring Transactions Among Entities Under Common Control

Saldo Laba (Defisit) / Retained Earnings (Deficit) Ditentukan Penggunaanya / Appropriated Belum Ditentukan Penggunaannya / Unappropriated Jumlah Ekuitas / Total Equity Kepentingan Nonpengendali / Non- Controlling Interest Jumlah Ekuitas / Total Equity

Rp '000.000 Saldo per 1 Januari 2011 sebelum penyesuaian / Balance as of 1 January 2011 before adjustment Perubahan ekuitas untuk periode sembilan bulan pada tahun 2011/ Changes in equity for the nine months period in 2011 Penghentian pengakuan goodwill negatif sebagai dampak ketentuan transisi PSAK 22 (Revisi 2010) / Derecognition of negative goodwill in accordance with transition provistion of PSAK 22 ( Revised 2010) Saldo per 1 Januari 2011 setelah penyesuaian / Balance as of 1 January 2011 after adjustment Pembentukan cadangan umum/ Appropriation for general reserve Dividen/Dividends Peningkatan kepentingan nonpengendali / Increase in non-controlling interests Selisih nilai transaksi restrukturisasi entitas sepengendali/ Difference in value arising from restructuring transaction among entities under common control Jumlah laba komprehensif / Total comprehensive income Saldo per 30 September 2011 / Balance as of 30 September 2011 1,605,878 -

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

Rp '000.000

1,605,878

426,227

21,211

1,381

(15,971)

80,000

955,555

3,074,281

412,586

3,486,867

71,874

71,874

71,874

1,605,878

426,227

21,211

1,381

(15,971)

80,000

1,027,429

3,146,154

412,586

3,558,740

24,000 -

(24,000) (756,182) -

(756,182) -

(1,468)

(756,182) (1,468)

(21,624)

332,208 -

540,634

332,208 519,010

42,898

332,208 561,908

426,227

(412)

1,381

316,237

104,000

787,880

3,241,190

454,016

3,695,205

Saldo per 1 Januari 2012 / Balance as of 1 January 2012

1,605,878

426,227

(94)

1,381

316,232

104,000

864,307

3,317,932

467,415

3,785,346

Saham Treasuri / Treasury Stocks Pembentukan cadangan umum/ Appropriation for general reserve Dividen/Dividends Peningkatan kepentingan nonpengendali/ Increase in noncontrolling interest Penerbitan modal saham / Issuance of Capital Stock Jumlah laba komprehensif/Total comprehensive income

60,372 -

153,156 -

(17,717) -

2,466

16,000 -

(16,000) (159,603) 924,640

(17,717) (159,603) 213,528 927,106

73,614 (213,528) 77,421

(17,717) (159,603) 73,614 1,004,527

Saldo per 30 Juni 2012 / Balance as of 30 June 2012

1,666,250

579,384

(17,717)

2,372

1,381

316,232

120,000

1,613,344

4,281,245

404,922

4,686,167

PT JAPFA COMFEED INDONESIA Tbk AND ITS SUBSIDIARIES Laporan Arus Kas Konsolidasian Untuk Periode Sembilan Bulan yang Berakhir 30 September 2012 and 2011 (Tidak Diaudit)

PT JAPFA COMFEED INDONESIA Tbk AND ITS SUBSIDIARIES Consolidated Statements of Cash Flows For The Nine Months Period Ended 30 September 2012 and 2011 (Unaudited)

30 September 2012 Rp '000.000 ARUS KAS DARI AKTIVITAS OPERASI Penerimaan dari Pelanggan Pembayaran kepada pemasok dan lain - lain Pembayaran kepada karyawan Kas bersih dihasilkan dari Operasi Penerimaan restitusi pajak Pembayaran Pajak Penghasilan Pembayaran bunga Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Penerimaan bunga Hasil penjualan aset tetap Penambahan jaminan Penambahan investasi jangka pendek Perolehan aset tetap Penjualan anak perusahaan Akuisisi entitas anak - bersih Kas Bersih Digunakan untuk Aktivitas Investasi ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan dari utang obligasi Penambahan utang obligasi Penambahan modal disetor oleh kepentingan nonpengendali Penerimaan pinjaman jangka panjang Penerimaan (pembayaran) utang sewa pembiayaan Pembayaran utang pembelian aset tetap Perolehan modal saham yang dibeli kembali Penerimaan utang bank jangka pendek Pembayaran pinjaman jangka panjang Pembayaran Deviden Kas Bersih diperoleh dari Aktivitas Pendanaan KENAIKAN BERSIH KAS DAN SETARA KAS KAS DAN SETARA KAS AWAL PERIODE Pengaruh perubahan kurs mata uang asing 13,168,072 (12,078,816) (560,609) 528,647 21,106 (252,481) (304,951) (7,679)

30 September 2010 Rp '000.000 11,934,177 (11,242,239) (466,213) 225,725 (350,526) (242,431) (367,232) Cash flows from Operating Activities Cash Receipts from Customers Cash paid to suppliers and others Cash paid to employees Net Cash Generated from Operations Cash receipts from tax refund Payment of Income Tax Interest Paid Net Cash Flows from (used from) Operating Activities Cash flows from Investing Activities Interest income Proceeds from Sale of Property, Plant & Equipment Increase in security deposit Placements in temporary investments Acquisitions of property, plant, & equipment Proceeds from sale of a subsidiary Acquisitions of subsidiaries Net Cash Flows Used for Investing Activities Cash Flows from Financing Activities Proceeds from bond payable Additional bond payable Additional Paid-up Capital by Non-Controlling Interest Proceeds from long-term bank loans Proceeds (payments) of lease liability Payments of Liability for the Purchase of Property, Plant Proceeds from buy back capital shares Proceeds from (Payment of) short term bank loans Payment of long term bank loans Payment of Devidend Net Cash Generated by (Used in) Financing Activities NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS CASH AND CASH-EQUIVALENTS AT THE BEGINNING OF THE YEAR Effect of Foreign Exchange Rate Changes

38,712 9,942 327 (1,250) (941,530) (71,247) (965,046)

14,345 142,620 (824,924) 805,028 (376,754) (239,686)

1,500,000 (500,000) 70,000 35,704 5,212 (6,618) (17,717) 317,187 (207,524) (159,603) 1,036,641 63,916 827,444 19,043

28,500 348,408 (5,857) (941) 984,324 (138,665) (756,182) 459,586 (147,332) 762,186 (488)

KAS DAN SETARA KAS AKHIR PERIODE

910,402

614,366

CASH AND CASH-EQUIVALENTS AT THE END OF THE PERIOD