Atpk 2008

DAFTAR ISI CONTENTS
iDeNTiTAs PeRUsAhAAN 02 CORPORATe ideNTiTy

Visi, Misi, DAN sTRATegi PeRUsAhAAN 03 ViSiON, MiSSiON, ANd STRATegy OF THe COMPANy
PROFiL PeRUsAhAAN 04 COMPANy PROFiLe
Riwayat Singkat Perusahaan 04 Company in Brief
Komposisi Modal 08 Capital Allotment
Susunan Dewan Komisaris dan Direksi 09 Board of Commissioners and Directors
Profil Dewan Komisaris 12 Profile of Board of Commissioners
Profil Direksi 13 Profile of Board of Directors
CATATAN PeNTiNg Di TAhUN 2008 16 COMPANy HigHLigHTS 2008
iKhTisAR KeUANgAN 23 FiNANCiAL HigHLigHTS
KiNeRJA sAhAM 24 SHARe PeRFORMANCe
Kronologis Pencatatan Saham 24 Share Listings Chronology
Harga dan Transaksi Saham Tahun 2007 – 2008 24 Share Price and Transactions Year 2007 – 2008
Komposisi Kepemilikan Saham Perseroan 25 Composition of Share Ownership
LAPORAN DewAN KOMisARis 26 THe BOARd OF COMMiSSiONeRS MeSSAge
LAPORAN DiReKsi 28 THe BOARd OF diReCTORS MeSSAge
ANALisis DAN PeMBAhAsAN MANAJeMeN 33 MANAgeMeNT ANALySiS ANd ReView
Tinjauan Operasi per Segmen Usaha 34 Review of Operation per Business Segment
Analisis Keuangan 38 Financial Analysis
Informasi dan Fakta Material Setelah Tanggal Neraca 40 Information on Subsequent Events and Material Facts
Kebijakan Dividen 43 Dividend Policy
Kegiatan Pemasaran Dan Pangsa Pasar 44 Marketing Activities and Market Share
Sektor Batubara 44 Coal Sector
Sektor Migas 45 Oil and Gas Sector
Sektor Kelistrikan 46 Electricity Sector
Laporan Keterbukaan Informasi 48 Disclosure of Information
TATA KeLOLA PeRUsAhAAN 64 gOOd CORPORATe gOVeRNANCe
Struktur Tata Kelola 64 Structure of Corporate Governance
Peningkatan Yang Terus Menerus 66 Sustainable Growth
Rapat Direksi Dan Dewan Komisaris 66 Meeting of the Board of Directors And the Board of
Commissioners
Pengendalian Internal 67 Internal Control
Sekretaris Perusahaan 68 Corporate Secretary
Risiko Usaha 69 Business Risks
Komite Audit 73 Audit Committee
Laporan Komite Audit 75 Audit Committee Report
Komite-Komite Lainnya 79 Other Committees
Komite HRD dan Remunerasi 79 HRD and Remuneration Committee
Komite Kepatuhan dan Resiko 79 Compliance and Risk Committee
Perkara Hukum Dan Status Penyelesaiannya 80 Litigations and its Settlement Status
Manajemen Sumber Daya Manusia 81 Human Resources Management
Perencanaan dan Pengembangan SDM 81 HR Planning and Development
Manajemen SDM 82 HR Management
Sistem Informasi SDM 82 HR Information System
Komposisi Karyawan ATPK Group 83 Composition of ATPK Group’s Employees
DATA PeRUsAhAAN 84 CORPORATe dATA
Struktur Organisasi Perusahaan 84 Company’s Organizational Structure
Struktur Kepemilikan Perusahaan 84 Company’s Ownership Structure
Dalam Kelompok Usaha Perseroan
Daftar Alamat 102 List of Addresses
Lembaga dan Profesi Penunjang 103 Supporting Institutions
sURAT PeRNyATAAN DewAN KOMisARis 104 BOARd OF COMMiSSiONeRS’ STATeMeNT LeTTeR
sURAT PeRNyATAAN DiReKsi 105 BOARd OF diReCTORS’ STATeMeNT LeTTeR
sURAT PeRNyATAAN DiReKsi 106 diReCTORS’ STATeMeNT LeTTeR
Tentang Tanggung Jawab atas Relating To The Responsibility On The Financial Statements
Laporan Keuangan 31 Desember 2008 As Of End Of The Year Ended 31 December 2008
LAPORAN KeUANgAN AUDiTAN 2008 107 AudiTed FiNANCiAL RePORT 2008
IDENTITAS PERUSAHAAN
CORPORATE IDENTITY
Nama Perusahaan Company’s Name
PT ATPK Resources Tbk. PT ATPK Resources Tbk.
Alamat Kantor Pusat Head Office Address

GKBI Lantai 39, Suite 3901 GKBI 39th Floor, Suite 3901
Jl. Jenderal Sudirman No 28 Jl. Jenderal Sudirman No 28
Jakarta 10210 – Indonesia Jakarta 10210 – Indonesia
Telepon : +62 21 5799 8155 Telephone : +62 21 5799 8155
Faksimili : +62 21 5799 8156 Facsimiles : +62 21 5799 8156
Website : www.atpkresources.com Website : www.atpkresources.com
Email : atpk_office@atpkresources.com Email : atpk_office@atpkresources.com
Alamat Kantor Operasional Operational Office Address

Plaza Bapindo, Citibank Tower Lt.14 Plaza Bapindo, Citibank Tower 14th Fl.
Jl. Jend. Sudirman Kav. 54-55 Jl. Jend. Sudirman Kav. 54-55
Jakarta 12190 – Indonesia Jakarta 12190 – Indonesia
Telepon : +62 21 527 5550 Telephone : +62 21 527 5550
Faksimili : +62 21 527 6979 Facsimiles : +62 21 527 6979
Bidang Usaha Business Line
Laporan Tahunan 2008 Annual Report

Pertambangan Umum dan Migas, Mining, Oil and Gas,
Pembangkit Tenaga Listrik dan Independent Power Plant Industry and
Perkebunan Kelapa Sawit Palm Oil Plantation
Anak-anak Perusahaan Subsidiaries

1. PT ATPK Power Resources 1. PT ATPK Power Resources
2. PT ATPK Energy Resources 2. PT ATPK Energy Resources
3. PT Modal Investasi Mineral 3. PT Modal Investasi Mineral

PT ATPK Resources Tbk.
Visi, Misi, dan Strategi PERUSAHAAN
VISION, MISSION, AND STRATEGY OF THE COMPANY
Visi Perusahaan Vision
Menjadi perusahaan energi unggulan berbasis Become the leading coal, oil & gas and renewable
batubara, minyak & gas bumi, energi terbarukan. energy based company.
Misi Perusahaan MISSION
• Menemukan, mengambil alih, membangun dan • Discover, acquire, develop and explore the
memanfaatkan sumber energi-sumber energi potential energy resources and to constantly
yang potensial dan secara terus menerus optimize such products and their derivatives
mengoptimalkan produk-produk dari sumber using the most suitable technology, at a fair
energi tersebut dan produk-produk turunannya value and in an environmentally friendly
dengan menggunakan teknologi yang paling manner;
sesuai, dengan nilai yang wajar dan dilaku-
kan secara ramah lingkungan;
• Secara terus menerus meningkatkan nilai nilai • Continuously enhance energy and energy
aset energi serta aset yang terkait dan men- related assets’ values and turn them into profit-
jadikannya Investasi Perseroan yang meng- able corporate investment portfolios;
untungkan;
• Menyediakan peluang-peluang bagi karya- • To provide opportunities for employers that
wan yang mengarah kepada peningkatan lead to the enhancement of their competence
kemampuan mereka; and skills;
• Memberikan Nilai Tambah Pasar dan Nilai • To deliver the best Market Upside and Eco-
Tambah Ekonomi yang terbaik bagi para nomic Value Addition to the Stakeholders
Pemegang Saham.
Strategi Perusahaan Corporate Strategy
• Memanfaatkan dan mengoperasikan prospek • Exploit and operate coal and other pros-
energi batubara dan material-material lain, pective sources of energy, such as oil & gas and
energi minyak & gas bumi serta serta prospek- other renewable energy prospects, by means
prospek energi terbarukan yang tersedia, of merger, acquisitions and development of
dengan cara penggabungan usaha, meng- new fields;
ambil alih dan pengembangan lapangan
baru;

• Membuat pasar energi lokal dan internasional • Establish and develop both local and inter-
dengan jalan berkolaborasi dan bersinergi national markets in energy products by way of
dengan pengguna akhir atau pedagang; collaboration and/or synergies with end-users
or traders;
• Mengarah kepada perluasan secara vertikal • Pursue vertical and perform integrated ex-
dilaksanakannya integrasi aset-aset hulu dari pansions of upstream assets into downstream
Perseroan ke proyek-proyek hilir, seperti Pem- projects, such as mine entrance power plant,
bangkit Listrik Mulut Tambang, pabrik LPG dan LPG and CNG plants, oil and gas pipeline
atau CNG, pipa minyak bumi, gas dan bisnis- construction, and other downstream energy
bisnis hilir lainnya. businesses.
PROFIL PERUSAHAAN
COMPANY PROFILE
Riwayat Singkat COMPANY
Perusahaan IN BRIEF
Perseroan didirikan pada tahun 1988 dengan Established in 1988 under the name PT. Anugrah
nama PT. Anugrah Tambak Perkasindo berdasar- Tambak Perkasindo, Deed Number 27 dated
kan Akta Nomor 27 tanggal 12 Januari 1988, 12 January 1988, amended by Deed Number
sebagaimana diubah dengan Akta Nomor 11 11 dated 4 July 1988, both made before Linda
tanggal 4 Juli 1988, keduanya dibuat di hadapan Herawati, SH, Notary in Medan, and obtained
Linda Herawati, SH, Notaris di Medan, dan telah legitimation from Minister of Justice based on
mendapat pengesahan dari Menteri Kehakiman the Decree No. C2 -123-HT.01.01.TH ‘89 on
Republik Indonesia berdasarkan Surat Keputusan 9 January 1989, and registered on 9 February
Nomor C2-123-HT.01.01.TH’89 tanggal 9 Januari 1989 at the Medan District Court under the Tax
1989, dan didaftarkan pada tanggal 9 Pebruari 21/PT/Pend/1989 and Tax 22/PT/Perub/1989,
1989 di Kepaniteraan Pengadilan Negeri Medan and has been announced in the State Gazette of
berturut-turut di bawah Nomor 21/PT/Pend/1989 the Republic of Indonesia No. 19 dated 7 March
dan Nomor 22/PT/Perub/1989, serta telah di- 2000, Supplement No. 1196.
umumkan dalam Berita Negara Republik Indone-
sia Nomor 19 tanggal 7 Maret 2000, Tambahan
Nomor 1196.
Pada tahun 2002, Perseroan melakukan Pena- In 2002, the Company carried out its first Initial
waran Umum Saham Perdana dan selanjutnya Public Offering and subsequently listed all of its
mencatatkan seluruh saham yang telah dikeluarkan shares at the Jakarta Stock Exchange (Company
dan disetor penuh pada Bursa Efek Jakarta (Com- Listings) on 17 April 2002.
pany Listing) pada tanggal 17 April 2002.

Pada tahun 2007, Perseroan telah menyampaikan In 2007, the Company submitted a Registration
Pernyataan Pendaftaran dengan Surat nomor 013/ Request Statement No. 013/Dir - ATPK/V-2007
Dir – ATPK/V-2007 sehubungan dengan Pena- regarding its plan to carry out a Limited
waran Umum Terbatas I dalam rangka penerbitan Public Offering I in the form of Right Issue.
HMETD (selanjutnya disebut Penawaran Umum Ter- (hereinafter referred to as Limited Public Offering
batas I) kepada Ketua BAPEPAM dan LK di Jakarta I) to the Chairman of Bapepam and LK on 16 May
pada tanggal 16 Mei 2007. 2007.
Anggaran Dasar Perseroan telah beberapa kali The Company’s Articles of Association has ex-
mengalami perubahan, antara lain adalah sebagai perienced a number of amendments, as follows:

berikut:
1. Berdasarkan keputusan Rapat Umum 1. Based on the resolution passed at the Extra-
Pemegang Saham Luar Biasa (RUPSLB) ordinary General Meeting of Shareholders
Perseroan yang diadakan pada tanggal (EGMS) of the Company dated 26 January
26 Januari 2006 sebagaimana termaktub 2006, made by Wenny Adytia Kurniawan,
dalam Akta Berita Acara Rapat Umum SH, Notary in Stabat and duly obtained
Pemegang Saham Luar Biasa Perseroan Ter- approval from the Ministry of Law and Human
batas PT. Anugrah Tambak Perkasindo Tbk Rights Republic of Indonesia based on the
Nomor 1 tanggal 26 Januari 2006, dibuat Decree No. C-17638 HT.01.04.TH.2006 on
PROFIL PERUSAHAAN
COMPANY PROFILE
oleh Wenny Adytia Kurniawan, SH, Notaris di 16 June 2006; the EGMS resolved the al-
Stabat, dan telah mendapatkan persetujuan teration of the Company’s core business from
dari Menteri Hukum dan Hak Asasi Manusia fishery to palm oil plantation business.
Republik Indonesia berdasarkan Surat Keputus-
an Nomor C-17638 HT.01.04.TH.2006 tang-
gal 16 Juni 2006, RUPSLB Perseroan tersebut
telah menyetujui perubahan kegiatan usaha
utama Perseroan dari semula di bidang per-
tam-bakan bergerak menjadi di bidang per-
kebunan kelapa sawit;
2. Berdasarkan keputusan RUPSLB Perseroan 2. Based on resolution passed at the EGMS of

yang diselenggarakan pada tanggal 7 Juni the Company dated 7 June 2006 as recorded
2006 sebagaimana termaktub dalam Akta in the EGMS minutes No. 20 dated 7 June
Berita Acara Rapat Nomor 20 tanggal 7 Juni 2006, made by Nurdelia Tutupoly, SH, Notary
2006, dibuat oleh Nurdelia Tutupoly,SH, Nota- in Medan, and duly obtained approval from
ris di Medan, dan telah mendapatkan per- the Ministry of Human Rights and the Repu-
setujuan dari Menteri dan Hak Asasi Manusia blic of Indonesia by Mail Decree number
Republik Indonesia berdasarkan Surat Kepu- C-20631 HT.01.04.TH.2006 dated 14 July
tusan Nomor C-20631 HT.01.04.TH.2006 2006; the shareholders of the Company re-
tanggal 14 Juli 2006, RUPSLB Perseroan ter- solved to change the name of the Company
sebut telah menyetujui : perubahan nama Per- from PT. Anugrah Tambak Perkasindo Tbk. to
seroan semula dari PT. Anugrah Tambak PT. ATPK Resources Tbk. and the Company’s
Perkasindo Tbk. menjadi PT. ATPK Resources domicile from Medan to Jakarta, and to diver-
Tbk., perubahan domisili Perseroan dari sify the field of business activities to include
Medan ke Jakarta, dan diversifikasi bidang general mining business and infrastructure de-
usaha Perseroan ke bidang usaha pertam- velopment.
bangan umum dan pembangunan infrastruktur.
3. Berdasarkan keputusan RUPSLB Perseroan 3. Based on the resolution passed at the EGMS
yang diselenggarakan pada tanggal of the Company dated 30 November 2006 as
30 Nopember 2006 sebagaimana termaktub set in the EGMS minutes No. 48 dated
dalam Akta Berita Acara Rapat Nomor 48 30 November 2006, made by Fathiah Helmi,
tanggal 30 Nopember 2006, dibuat oleh SH, Notary in Jakarta, and duly obtained
Fathiah Helmi, SH, Notaris di Jakarta, dan approval from the Ministry of Law and Human
telah mendapatkan persetujuan dari Menteri Rights Republic of Indonesia based on Decree
Hukum dan Hak Asasi Manusia Republik No. W7-00139 HT.01.04.TH.2007 dated
Indonesia berdasarkan Surat Keputusan 4 January 200;, the EGMS resolved to add
Nomor W7-00139 HT.01.04.TH.2007 tang- the fields of coal mining, oil & gas exploration
gal 4 Januari 2007, RUPSLB tersebut telah and the enter into the sector of Independent
menyetujui penambahan kegiatan usaha Power Producer (IPP).

utama Perseroan ke bidang pertambangan
batu bara, pertambangan minyak dan gas
bumi dan bidang industri pembangkit tenaga
listrik dengan swasta sebagai usaha turunan-
nya.
4. Berdasarkan keputusan RUPSLB Perseroan 4. Based on resolution passed at the EGMS of the
yang diselenggarakan pada tanggal 30 Juni Company dated June 30, 2007 as set in the
PROFIL PERUSAHAAN
COMPANY PROFILE
2007 sebagaimana termaktub dalam Akta EGMS minutes No. 84, dated 30 June 2007,
Berita Acara Rapat Umum Pemegang Saham made by Fathiah Helmi SH, Notary in Jakarta;
Luar Biasa Nomor 84, tanggal 30 Juni 2007, the EGMS resolved:
dibuat oleh Fathiah Helmi SH, Notaris di (i) to increase the paid-up capital of the
Jakarta, RUPSLB Perseroan telah menyetujui: Company through Limited Public Offering I
(i) Peningkatan modal ditempatkan dan di- or Right Issue and provide free Warant to the
setor Perseroan melalui Penawaran Umum Ter- listed shareholders who are entitled by the
batas I dengan menerbitkan Hak Memesan respective capital markets rules and regu-
Efek Terlebih Dahulu dan memberikan secara lations, (ii) the use and distribution of the right
cuma-cuma Waran kepada pemegang saham issue funds derived from the Limited Public
yang berhak sesuai ketentuan pasar modal Offer I and (iii) amendement of the Company’s
yang berlaku, (ii) penggunaan dana dari Pe- Articles of Association.
nawaran Umum Terbatas I, dan (iii) perubahan
anggaran dasar Perseroan.
5. Berdasarkan pernyataan keputusan RUPSLB 5. Based on resolution passed at the EGMS of

Perseroan tanggal 19 Mei 2008 yang ter- the Company dated 19 May 2008, as stated
maktub dalam Akta Pernyataan Keputusan in the EGMS minutes No. 39, dated 19 May
Rapat Umum Pemegang Saham Luar Biasa 2008, made before Fathiah Helmi SH, Notary
Perseroan Nomor 39, tanggal 19 Mei 2008, in Jakarta, that the EGMS approved the Li-
yang dibuat dihadapan Fathiah Helmi SH, mited Public Offer I and give mandate to the
Notaris di Jakarta, Rapat menyetujui Penawar- Board of Directors to amend the Article of
an Umum Terbatas I (PUT I) dan memberi kua- Association of the Company, article 4 clause 2
sa kepada Direksi untuk merubah pasal 4 ayat and 3, and duly obtained approval from
2 dan 3 anggaran dasar Perseroan dan telah the Minister of Justice and Human Rights
dilaporkan pada Menteri Hukum dan Hak Asa- man of the Republic of Indonesia No. AHU-
si Manusia Republik Indonesia Nomor AHU- AH.01.10.12967 on 26 May 2008.
AH.01.10.12967 tanggal 26 Mei 2008.

6. Berdasarkan keputusan RUPSLB Perseroan 6. Based on resolution passed at the EGMS of the
tanggal 28 Juni 2008 yang termaktub dalam Company dated 28 June 2008 recorded in the
Akta Berita Acara Rapat Umum Pemegang EGMS minutes Number 114, dated 28 June
Saham Luar Biasa Perseroan Nomor 114, 2008, made before Fathiah Helmi SH, Notary
tanggal 28 Juni 2008, yang dibuat oleh in Jakarta, the EGMS agreed to the divestment
Fathiah Helmi SH, Notaris di Jakarta, Per- and sale of the palm oil plantation assets
seroan telah menyetujui untuk melaksanakan located in the Percut area, Sei Tuan District,
penjualan atas aset-aset perkebunan kelapa North Sumatera.
sawit yang berlokasi di daerah Percut, Ke-
camatan Sei Tuan, Sumatera Utara.
7. Berdasarkan pernyataan keputusan RUPSLB 7. Based on the statement at the second EGMS
kedua Perseroan tanggal 15 Juli 2008 yang of the Company dated 15 July 2008, recorded
ter-maktub dalam Akta Pernyataan Keputusan in the second EGMS minutes No. 37, dated
Rapat Umum Pemegang Saham Luar Biasa 15 July 2008, made before Fathiah Helmi
Kedua Nomor 37, tanggal 15 Juli 2008, yang SH, Notary in Jakarta, the EGMS has resolved
dibuat di hadapan Fathiah Helmi SH, Notaris to amend the Company’s Articles of Asso-
di Jakarta, Perseroan telah menyetujui per- ciation to accommodate the increase the
ubahan seluruh anggaran dasar Perseroan company’s authorized capital, and the adjust-
antara lain penyesuaian dengan Undang- ments of the Company Article of Association to
PROFIL PERUSAHAAN
COMPANY PROFILE
Undang Nomor 40 Tahun 2007 tentang Per- comply with the Law Number 40 of the year
seroan Terbatas dan Peraturan Bapepam & LK 2007 regarding the Limited Liability Company
No.IX.J.1 tentang Pokok-Pokok Anggaran (Perseroan Terbatas) and with Bapepam & LK
Dasar Perseroan yang melakukan penawaran Regulations No. IX.J.1 especially concerning
umum efek bersifat ekuitas dan Perusahaan the Articles of Association of a public listed
Publik. company.
Perseroan memiliki beberapa anak perusaha- The Company has several subsidiary com-
an, dimana salah satu anak perusahaan ter- panies, in which the Company has a parti-
sebut telah memiliki penyertaan saham pada cipation of shares. Details of the subsidiaries
beberapa perusahaan. Rincian anak per- are as described below:
usahaan tersebut adalah sebagaimana di-
uraikan di bawah ini :
No Anak Perusahaan Perseroan Kepemilikan Berdiri Partisipasi

No Subsidiaries Ownership established Participation
1 PT. ATPK Power Resources 99 % 6 Juli-06 6 Juli-06
2 PT. ATPK energy Resources 99 % 6 Juli-06 6 Juli-06
3 PT. Modal investasi Mineral 96,7 % 24 Juni-06 22 Des-06
Sebagaimana terlihat dalam tabel di atas, As shown in the table above, the Company
Perseroan mulai berpartisipasi dalam MIM began its ownership participation in MIM on
sejak tanggal 22 Desember 2006, dimana 22 December 2006 which by then,MIM al-
pada saat terjadinya penyertaan oleh Per- ready owned 6 (six) subsidiary companies,
seroan, MIM telah memiliki 6 (enam) anak namely: PT. Saptajaya Menjak Sengewari
perusahaan yaitu: PT. Saptajaya Menjak (SMS), PT. Mega Alam Sejahtera (MAS),
Sengewari (SMS), PT. Mega Alam Sejahtera PT.Sarana Mandiri Utama (SMU), PT.Damanka
(MAS), PT.Sarana Mandiri Utama (SMU), Prima (Damanka), PT.Tuhup Coal Mining
PT.Damanka Prima (Damanka), PT.Tuhup Coal (TCM) and PT. MIM Geoservices Technology
Mining (TCM) dan PT. MIM Geoservices (MGT), details of which are as follows:
Technology (MGT), dengan perincian sebagai
berikut:

No Anak Perusahaan MiM Kepemilikan MiM Berdiri Partisipasi MiM
No MiM’s Subsidiaries MiM’s Ownership established MiM Participation
1 PT. sMs 70 % 5-Peb-06 9-Mar-06

2 PT. MAs 70 % 27-Peb-03 24-Peb-06
3 PT. sMU 70 % 6-Agt-02 22-Mar-06
4 PT. Damanka 70 % 11-Sep-01 25-Mar-06
5 PT. TCM 70 % 10-Agt-04 17-Peb-06
6 PT. MgT 80 % 9-Peb-06 9-Peb-06
PROFIL PERUSAHAAN
COMPANY PROFILE
Dengan demikian, Perseroan secara efektif Accordingly, the Company effectively has
memiliki partisipasi secara tidak langsung di deemed ownership in all of the MIM’s sub-
anak-anak perusahaan MIM pada tanggal sidiaries starting 22 December 2006; the date
22 Desember 2006, pada saat penyertaan of the Company acquisition of MIM.
Perseroan di MIM.
Berdasarkan pada pendirian Perseroan Ter- Based on the establishment of PT. MIM Coal
batas PT. MIM Coal Power (MCP) termaktub Power (MCP) as a limited liability company,
dalam Akta pendirian Nomor 1 tanggal recorded in the Deed of Establishment Number
6 September 2008, yang dibuat di hadapan 1 on 6 September 2008, made before
Sukarno, SH, Notaris di Balikpapan, dan telah Sukarno, SH, Notary in Balikpapan, and duly
mendapat persetujuan dari Menteri Hukum approved by the Ministry of Law and Human
dan Hak Asasi Manusia Republik Indonesia Rights Republic of Indonesia No. AHU-85888.
Nomor AHU-85888.AH.01.01. Tahun 2008 AH.01.01. Year 2008 dated 13 November
tanggal 13 Nopember 2008, dimana di- 2008; stated that MCP is a subsidiary of MIM,
sebutkan MCP adalah anak perusahaan dari based in Balikpapan. MCP core business are
MIM, berkedudukan di Balikpapan. Bidang in the field of coal mining, coal gasification,
usaha MCP antara lain bergerak dalam briquet manufacturing, nickel, tin, metal, gold,
bidang pertambangan batu bara, penggalian silver mining and also power plant.
gambut, gasifikasi batu bara dan pembuatan
briket batu bara, pertambangan nikel, timah
dan logam, emas, perak, dan pembangkit
listrik (power plant).
Bahwa modal dasar MCP adalah MCP’s paid-in capital amounting to

Rp. 200.000.000,- (dua ratus juta rupiah) Rp. 200.000.000,- (two hundred million
terbagi atas 2,000 (dua ribu) lembar saham, rupiah) consists of 2,000 (two thousand)
masing-masing saham bernilai nominal se- shares each with share’s nominal value of

besar Rp. 100.000,- (seratus ribu rupiah), Rp. 100.000, - (one hundred thousand
modal yang ditempatkan dan disetor PT MCP rupiah), the issued and paid up capital in
oleh PT. MIM adalah sebesar 99 %. PT MCP by MIM is 99%.
KOMPOSISI MODAL CAPITAL Allotment
Modal dasar Perseroan ini berjumlah The Authorized Capital of the Company is
3.300.000.000 lembar saham, masing-masing devided into 3.300.000.000 shares, with each
saham bernilai nominal Rp.200,- setiap saham with par value of Rp. 200,- per share; therefore,
atau dengan jumlah nilai nominal seluruhnya the total authorized capital of the Company is
sebesar Rp. 660.000.000.000,- . Rp. 660.000.000.000,-.
Modal yang ditempatkan dan disetor pe- The issued and paid-up capital of the Company
nuh berjumlah 830.527.502 saham atau consists of 830.527.502 shares with the value of
Rp.166.105.500.400. yaitu oleh para pemegang Rp.166.105.500.400 at the share recording date
saham yang namanya tercatat dalam Daftar of 12 June 2008, as follows:
Pemegang Saham Perseroan tertanggal 12 Juni
2008, dengan rincian sebagai berikut :
• Credit Suisse Singapore sebanyak • Credit Suisse Singapore, 190.644.300 shares
190.644.300 saham.
PROFIL PERUSAHAAN
COMPANY PROFILE
• UOB Kay Hian Private Limited sebanyak • UOB Kay Hian Private Limited, 186.137.833
186.137.833 saham. shares.
• Credit Suisse Zurich sebanyak 105.310.000 • Credit Suisse Zurich is 105.310.000 shares.
saham.
• Masyarakat sebanyak 348.435.369 saham • Public of 348.435.369 shares.
Sedangkan modal yang ditempatkan dan di- Whereas the issued and paid up capital of the
setor penuh per 31 Desember 2008 ber- Company consists of 830.562.002 shares with
jumlah 830.562.002 saham atau senilai the value of Rp.166.112.400.400 at the share re-
Rp. 166.112.400.400, yaitu oleh para pemegang cording date of 31 December 2008, as follows:
saham yang namanya tercatat dalam Daftar
Pemegang Saham Perseroan tertanggal 31 Desem-
ber 2008, dengan rincian sebagai berikut :
• Credit Suisse Zurich sebanyak 105.310.000 • Credit Suisse Zurich, 105.310.000 shares.
saham
• Kim Eng Securities Pte Ltd sebanyak • Kim Eng Securities Pte Ltd, 91.038.072 shares
91.038.072 saham
• UOB Kay Hian Private Limited sebanyak • UOB Kay Hian Private Limited, 269.028.833
269.028.833 saham shares.
• Pershing LLG Main Custody sebanyak • Pershing LLG Main Custody is 85.845.072
85.845.072 saham shares.
• Masyarakat sebanyak 279.340.025 saham • Public of 279.340.025 shares.
Susunan Dewan Board of Commisioners

Komisaris dan Direksi and Directors
Berdasarkan keputusan RUPSLB yang diselengga- Based on resolution passed at EGMS of the Com-
rakan pada tanggal 28 Juni 2008 sebagaimana pany dated 28 June 2008, recorded in the EGMS
termaktub dalam Akta Pernyataan Keputusan Ra- minutes No. 115, dated 28 June 2008, made
pat Umum Pemegang Saham Tahunan Nomor 115, before Fathiah Helmi SH, Notary in Jakarta, the
tanggal 28 Juni 2008, dibuat di hadapan Fathiah EGMS resolved the change of the members and
Helmi SH, Notaris di Jakarta, telah menyetujui pe- composition of the Board of Commissioners and the
rubahan susunan anggota Dewan Komisaris dan members of the Board of Directors of the Company
Direksi Perseroan, yaitu: menyetujui pengunduran by endorsement of the resignation of Mr Daniel
diri Tuan Daniel Anthony Carducci selaku Komisaris Anthony Carducci as Commissioner of the
Perseroan dan Tuan Syed Abdel Nasser Bin Syed Company, the discharge of Mr. Syed Abdel
Hassan Al Junied selaku Direktur Perseroan, ter- Nasser Bin Hassan Al Junied as the Director of the
hitung sejak diputuskannya dalam Rapat terse- Company and the appointment of Mr Saur M
but, dan disetujui untuk mengangkat Tuan Saur M Silalahi M.Sc as new Director of the Company.
Silalahi M.Sc selaku Direktur Perseroan. Pengang- This appointment was a suggestion of Hopaco
katan tersebut atas usulan dari Hopaco Properties Properties Limited, holder of 4.71% and Mincorp
Limited selaku pemegang 4,71 % dan Mincorp PLC, holder of 4.59% of the Company’s shares.
PLC selaku pemegang 4,59 % dari seluruh saham Thereafter the EGMS approved to reappointed the
Perseroan. Selanjutnya RUPSLB menyetujui un- remaining Board of Commissioners and Directors
tuk mengangkat kembali seluruh anggota Dewan and show the compositions as follow:
Komisaris dan anggota Direksi, dengan susunan
sebagai berikut:
PROFIL PERUSAHAAN
COMPANY PROFILE
Dewan Komisaris Board of Commissioners
Komisaris Utama / President Commissioner : Rajadurai Rajakumaran Manickam Rajadurai

(Dato’ Rajadurai Rajakumaran)
Komisaris merangkap Komisaris : Anwar Pulukadang

independen / Commissioner and
independent Commissioner
Direksi Board of directors
Direktur Utama / President director : Dokter Haji Muhammad Wasisto Budiharsoyo,MA
Direktur / director : Azahar Bin Zaini
Direktur / director : Raymond Bernardus
Direktur / director : Ir. Saur Maruli Silalahi, MSc.
Direktur / director : Dharwan Widjaja
Direktur / director : H. Akhmad Taufik SE.
Berdasarkan akta Pernyataan Keputusan Rapat Based on the official statement of the share-

Umum Pemegang Saham Tahunan Nomor 20 ter- holders at the AGMS No. 20 dated 21 January
tanggal 21 Januari 2009, yang dibuat di hadap- 2009. Made before Fathiah Helmi SH, Notary
an Fathiah Helmi SH, Notaris di Jakarta, telah in Jakarta, the AGMS has agreed to change the
menyetujui perubahan susunan anggota dewan composition of the board of Commissioners and
Komisaris dan Direksi Perseroan, dan juga dalam of the Board of Directors of the Company, and it
akta tersebut diterangkan bahwa pada tanggal also stated that on 9 November 2008, Mr Azahar
9 Nopember 2008, Tuan Azahar Bin Zaini telah Bin Zaini had passed away, in line with the pro-
meninggal dunia. Berdasarkan ketentuan dalam visions in article 15 paragraph 13 of the Company’s
pasal 15 ayat 13 Anggaran Dasar Perseroan, Articles of Association, a Director’s term of office
masa jabatan anggota Direksi dengan sendirinya ends, when such member of the Board of Directors
berakhir, apabila anggota Direksi tersebut mening- passes away. Therefore Mr Azahar Bin Zaini’s term 10
gal dunia. Maka dengan sendirinya masa jabatan subsequently ended, and so the composition of
Tuan Azahar Bin Zaini telah berakhir, sehingga the Board of Commissioners and Directors of the
susunan Direksi dan Dewan Komisaris Perseroan Company changed to as follows:
adalah sebagai berikut :
PROFIL PERUSAHAAN
COMPANY PROFILE



11
PROFIL PERUSAHAAN
COMPANY PROFILE
PROFIL PROFILE OF
DEWAN KOMISARIS BOARD OF COMMISSIONER
Dato’ R. Rajakumaran
Komisaris Utama
President Commissioner
Lahir di Malaysia pada tanggal 6 April 1960, Born in Malaysia on 6 April 1960, Malaysian
berkewarganegaraan Malaysia, saat ini ber- Nationality, currently domiciled in Kuala Lumpur,
domisili di Kuala Lumpur, Malaysia. Latar belakang Malaysia. Educational background: The Institute
pendidikan: The Institute of Chartered Secre- of Chartered Secretaries and Administrators (UK),
taries and Administrator (U.K), London School of London School of Accountancy, London; AEB “A”
Accountancy, London; AEB “A” levels di Regent levels at the Regent School of Economics, Kuala
School of Economics, Kuala Lumpur. Pernah Lumpur. Served as Corporate Secretary of Setron
menjabat sebagai Company Secretary of Setron (Malaysia) Berhad, 1994 to 2006, Director / Joint
(Malaysia) Berhad, dari tahun 1994 – 2006; Corporate Secretary of Macro Corporation Limited,
kemudian sebagai Direktur / Join Company Australia. Appointed as a President Commissioner
Secretary of Macro Corporation Limited, Australia. on 30 November 2006.
Diangkat sebagai Komisaris Utama pada tanggal
30 Nopember 2006.

Anwar Pulukadang
Komisaris Independen
Independent Commissioner
Lahir di Tondano, Sulawesi Utara pada tanggal Born in Tondano, North Sulawesi on 27 June 1943,
27 Juni 1943, berkewarganegaraan Indonesia. Indonesian Nationality. Educational background:
Latar belakang pendidikan: Bachelor of Science Bachelor of Science & Engineering-Waseda Uni-
& Engineering – Waseda University, Tokyo. Master versity, Tokyo. Master of Science & Engineering-
12
of Science & Engineering–Waseda University, Waseda University, Tokyo. Employed by Mitsui
Tokyo. Pernah bekerja di Mitsui & Co,Ltd, dari & Co., Ltd., from 1970-1974. Afterward worked
tahun 1970–1974. Kemudian pernah bekerja as a Corporate Credit Executive at PT ASEAM,
sebagai Corporate Credit di PT ASEAM, Indonesia, Indonesia, 1974-1981; Commissioner and
dari tahun 1974-1981; Selanjutnya pernah men- Advisor to PT Daya Guna Samudra Tbk, from 1981-
jabat sebagai Komisaris dan Advisor di PT Daya 2004. Currently President Director of PT Tripindo
Guna Samudra Tbk, dari tahun 1981–2004. Patria. Appointed as Independent Commissioner of
Sampai saat ini masih menjabat sebagai the Company on 23 June 2007.
Direktur Utama PT Tripindo Patria. Diangkat
sebagai Komisaris Independen pada tanggal
23 Juni 2007.
PROFIL PERUSAHAAN
COMPANY PROFILE
PROFILE OF
PROFIL DIREKSI BOARD OF DIRECTORS
Dr. H.M. Wasisto Budiharsoyo, MA

Direktur Utama
President Director
Lahir di Lamongan pada tanggal 24 Nopember Born in Lamongan on 24 November 1959, Indo-
1959, berkewarganegaraan Indonesia. Latar nesian Nationality. Educational background:
belakang pendidikan : Dokter Umum – Universitas Medical doctor from Airlangga University; Mas-
Airlangga; Master of Art in Hospital Management ter of Art in Hospital Management from Leeds
dari Leeds University, England. Pernah menjabat University, England. Served as Chairman of
sebagai Ketua Bappeda Kab.Berau, Kalimantan Bappeda (Regional Government Planning Board),
Timur, dari tahun 2001–2003. Kemudian men- Berau Regency, East Kalimantan Province, from
jadi kepala Dinas Kesehatan di Kab. Berau, Kali- 2001-2003. Later served as the Head of the Health
mantan Timur, dari tahun 2003–2005. Sampai Department of Berau Regency, East Kalimantan
saat ini masih menjabat sebagai Direktur Utama Province, from 2003-2005. Currently President
PT Modal Investasi Mineral. Diangkat sebagai Di- Director of MIM. Appointed as President Director of
rektur Utama pada tanggal 30 Nopember 2006. the Company on 30 November 2006.
Azahar Bin Zaini

Direktur
Director
Lahir di Kuala Lumpur pada tanggal 25 Desem- Born in Kuala Lumpur on 25 December 1954,
ber 1954, berkewarganegaraan Malaysia, saat Malaysian Nationality, currently domiciled in
ini tinggal di Jakarta, Indonesia. Latar belakang Jakarta, Indonesia. Educational background: BBA
pendidikan : BBA – Western Michigan University; - Western Michigan University, MBA - University
13 MBA – University of Northern Colorado, USA. Ber- of Northern Colorado, USA. Experienced in the
pengalaman di Pasar Modal Indonesia, Malaysia Capital Market affair of Indonesia, Malaysia and
dan Singapura. Pernah bekerja sebagai Technical Singapore. Employed as a Technical Advisor at
Advisor di Biro Administrasi Efek, PT Sirca Datapro the Effect/Share Administration Bureau, PT Sirca
Perdana. Diangkat sebagai Direktur sejak tanggal Datapro Perdana. Appointed as Director of the
7 Juni 2006. Company on 7 June 2006.
Catatan: Meninggal dunia pada tanggal 9 Note: Deceased on 9 November 2008.
Nopember 2008.
PROFIL PERUSAHAAN
COMPANY PROFILE
Raymond Bernardus
Direktur
Director
Lahir di Muntok pada tanggal 2 Nopember 1947, Born in Muntok on 2 November 1947, Indone-
berkewarganegaraan Indonesia, berdomisili di sian Nationality, domiciled in Jakarta. Educational
Jakarta. Latar belakang pendidikan : Master background: Master Economics - University of
Ekonomi – Universitas Indonesia; Master Student Indonesia; Master Student in Computer Science -
in Computer Science – Benarif Institute of Technol- Benarif Institute of Technology, Master Student in
ogy; Master Student in Business Law – Universitas Business Law - University of Padjajaran Regional
Padjajaran. Pernah menjabat sebagai Regional Director (Indonesia) for El-Paso Energy Inter-
Director (Indonesia) untuk El-Paso Energy Inter- national, in the year 1996-2002; Served as
national, pada tahun 1996–2002; Kemudian Director of Marketing & Commercial PT Garda
pernah menjabat sebagai Director of Marketing Tujuh Buana, 2002-2004; Served as Independent
& Komersial PT Garda Tujuh Buana, pada tahun Consultants in the field of electricity, coal and oil &
2002–2004; Pernah menjadi Konsultan Inde- gas. Appointed as a Director of the Company on
penden di bidang kelistrikan, batubara dan migas. 7 June 2006.
Diangkat sebagai Direktur pada tanggal 7 Juni
2006.
Dharwan Widjaja Laporan Tahunan 2008 Annual Report

Direktur
Director
Lahir di Bukittinggi pada tanggal 30 Juni 1943, Born in Bukittinggi on 30 June 1943, Indonesian
Warga Negara Indonesia, berdomisili di Medan, Nationality, domiciled in Medan, Indonesia.
Indonesia. Pengusaha senior di Kota Medan Senior businessman in the city of Medan with the 14
dengan pengalaman usaha yang cukup luas. experience in a wide range of businesses.
Berpengalaman di dalam pembibitan udang lebih Experience in the shrimp industry for more
dari 10 tahun. Masuk dalam jajaran Direksi sejak than 10 years. Appointed as Board of Directors of
tahun 2001. the Company since 2001.
PROFIL PERUSAHAAN
COMPANY PROFILE
H. Akhmad Taufik
Direktur
Director
Lahir di Gunung Para pada 19 Oktober 1964, Born in Gunung Para on 19 October 1964,
warga negara Indonesia, berdomisili di Medan, Indonesian Nationality, domiciled in Medan,
Indonesia. Latar belakang pendidikan : Sarjana Indonesia. Educational background: Bachelor
Muda Ekonomi UNPAB Medan. Mengawali of Economics UNPAB Medan. Initiated his career
karirnya di perbankan, bergabung dengan in banking, joined the Company in 2004 as
Perseroan pada tahun 2004 sebagai Corporate Corporate Secretary and was promoted to
Secretary dan diangkat menjadi Direktur Perseroan Director of the Company since 2005.
sejak tahun 2005.
Saur Maruli Silalahi

Direktur
Director
Lahir di Kabanjahe, Sumatera Utara pada tanggal Born in Kabanjahe, North Sumatera on 17 July
17 Juli 1945, berkewarganegaraan Indonesia, 1945, Indonesian Nationality, domiciled in
tinggal di Jakarta, Indonesia. Latar Belakang Jakarta, Indonesia. Educational background: Mas-
pendidikan: Master of Engineering Science in ter of Engineering Science in Mining Engineering
Mining Engineering dari University of Queeensland, from the University of Queeensland, Australia.
Australia. Berpengalaman sebagai Direktur Utama Experienced as President Director and Directors
dan Direktur di beberapa perusahaan batubara, of several coal companies. Coal & Mineral
konsultan pertambangan, pengajar, dan penulis Mining consultant and lecture & author of a coal
kamus batubara dan pertambangan. Bergabung and mining dictionary. Appointed to the Board of
15 dengan Dewan sejak Juli 2008. the Company in July 2008.
CATATAN PENTING DI TAHUN 2008
COMPANY HIGHLIGHTS 2008
Januari 2008 January 2008
14 Januari 2008 dimulainya periode pelaksanaan 14 January 2008 was the commencement of the
(exercise) waran Perseroan. Melalui Penawaran execution period of the company’s Warrants.
Umum Terbatas I tahun 2007 Perseroan mener- At the Limited Public Offering I in June 2007 the
bitkan dan memberikan secara cuma-cuma sejum- Company offered 136,816,738 free Warrants as
lah 136.816.738 waran sebagai insentif bagi an incentive to the shareholders of the Company
pemegang saham Perseroan. Periode pelaksanaan (3 shares to 1 warrant). Implementation period of
waran berakhir pada tanggal 12 Juli 2010. the Warrants terminates at 12 July 2010.
Maret 2008 March 2008

Perseroan menyampaikan keterbukaan informasi The Company submitted an Disclosure of Informa-
tentang hasil kajian Tim PT Modal Investasi tion on MIM research team regarding its report
Mineral (MIM) atas batubara di area pertambang- on the coal mining area of PT Saptajaya Menjak
an PT Saptajaya Menjak Sengewari yang tidak Sengewari which was deemed not feasible from
layak untuk dilanjutkan penambangan komersial, economical and technical prospective for further
diantaranya karena jumlah cadangan batubara commercial mining, due to the insufficient coal
yang relatif kecil. Oleh karenanya PT MIM be- reserves. For this reason, MIM has plans to divest
rencana untuk mendivestasikan kepemilikan its shares in PT Saptajaya Menjak Sengewari.
sahamnya di PT Saptajaya Menjak Sengewari.
April 2008 April 2008

Perseroan menyampaikan keterbukaan informasi The Company submitted its Disclosure of Informa-
tentang PT ATPK Power Resources yang mention on PT ATPK Power Resources regarding the
dapatkan persetujuan dari Bupati Bolaang approval from the Bolaang Mangondow Regent to
Mongondow untuk melakukan kegiatan Survey conduct preliminary surveys on Geothermal utiliza-
Pendahuluan Pemanfaatan Panas Bumi di Wilayah tion in the geothermal potential area of Gunung

Panas Bumi Gunung Ambang, Kecamatan Ambang, Modayag District, Bolaang Mongondow
Modayag, Kabupaten Bolaang Mongondow. Regency, North Sulawesi Province. The survey re-
Kegiatan survey tersebut terkait dengan rencana lated to PT ATPK Power Resources’s plan to invest in
PT ATPK Power Resources untuk melakukan investasi the field of geothermal power plant.
dibidang energi listrik yang menggunakan sumber
daya energi panas bumi.
Mei 2008 May 2008

Perseroan menyampaikan keterbukaan informasi The Company submitted its Disclosure of Informa-
perihal terjadinya pembatalan perjanjian kerja- tion regarding the cancellation of contract between
sama antara MIM dengan Dayen Environmental MIM and Dayen Environmental Limited, Singapore 16
Limited, Singapore yang telah ditandatangani which were signed on 18 December 2007, due to
pada 18 Desember 2007 disebabkan perlunya the required changes of the cooperation scheme in
perubahan struktur/skema bentuk kerjasama. the contract.
Juni 2008 June 2008

• Perseroan menyampaikan keterbukaan infor- • The Company submitted Disclosure of Infor-
masi tentang keberhasilan Konsorsium MIM, mation related to the achievement of the
PT Mega Alam Sejahtera (MAS) dan Consortium of MIM, PT Mega Alam Sejahtera
PT Sarana Mandiri Utama (SMU), sebagai (MAS) and PT Sarana Mandiri Utama (SMU),
CATATAN PENTINg DI TAHUN 2008
salah satu pemenang pelelangan pengadaan to be the winner of the lower rank coal
batubara peringkat rendah yang diseleng- procurement tender submitted by the State
garakan oleh PT Perusahaan Listrik Negara Electricity Company (PT PLN (Persero)) for
(PT PLN Persero) untuk PLTU 2 Sulawesi Utara Coal Fired Steam Power Plant (CFSPP) 2 in
(Manado) 2x25 MW, PLTU Gorontalo 2x25 North Sulawesi (Manado) 2x25 MW, CFSPP
MW, PLTU Maluku Utara (Ternate) 2x7 MW in Gorontalo 2x25 MW and CFSPP in North
dan menandatangani “Letter of Intent” (LOI) Maluku (Ternate) 2x7 MW and signed “Letter
dengan pihak PT PLN (Persero). Perjanjian jual of Intent” (LOI) with PT PLN (Persero). The
beli batubara akan ditandatangani jika hal-hal signing of the agreement is subject to the
yang ditentukan dalam LOI telah terpenuhi. fulfillment of certain matters as agreed and
specified in the LOI.
• Hasil Rapat Umum Pemegang Saham Tahun- • The resolution passed at the AGMS of the
an (RUPST) Perseroan tanggal 28 Juni 2008 Company dated 28 June 2008 approved
diantaranya menyetujui perubahan Dewan the changes of the Board of Commissioners
Komisaris & Direksi Perseroan, sehingga ter- and the Board of Directors of the Company
hitung sejak ditutupnya RUPST 2008 sampai so that from the end of AGMS 2008 until the
dengan ditutupnya RUPST yang akan diseleng- following AGMS in 2009 the composition of
garakan pada tahun 2009, susunan anggota the Board of Commissioners and members
Dewan Komisaris dan Direksi Perseroan of the Board of Directors of the Company
adalah sebagai berikut : are as follows:


Direktur / director : Azahar Bin Zaini
17

• Hasil Rapat Umum Pemegang Saham Luar • The resolution passed at the EGMS dated
Biasa (RUPSLB) Perseroan tanggal 28 Juni 28 June 2008 resolved the implementation of
2008 diantaranya menyetujui untuk melaksa- the sale of the palm oil plantation located land
nakan penjualan atas aset-aset perkebunan in the area of Percut, Sei Tuan District, North
kelapa sawit yang berlokasi di daerah Percut, Sumatera. Sales transactions in the form of
Kecamatan Sei Tuan, Sumatera Utara. Penye- asset sale and purchase agreements will be
lesaian transaksi penjualan aset tersebut made after the Company has received
berupa penandatanganan akta jual beli payment for the agreed price of
akan dilakukan setelah hal-hal diantaranya Rp 34,100,000,000,-. This asset sales transac-
Perseroan telah menerima pembayaran atas tion is classified as material transactions and
seluruh harga jual yang disepakati yaitu se- the above EGMS are held in accordance with
besar Rp 34.100.000.000,-. Transaksi pen the provisions in the Regulations of Bapepam
jualan asset ini tergolong transaksi material & LK No.IX.E.2 Attachment of Chairman of
dan RUPSLB diatas diselenggarakan sesuai Bapepam’s decision No.Kep-05/PM/2000
dengan ketentuan dalam Peraturan Bapepam- dated 13 March 2000 as amended by Chair-
LK No.IX.E.2 Lampiran Keputusan Ketua man of Bapepam’s decree No. Kep-02/
Bapepam No.Kep-05/PM/2000 tanggal PM/2001 on 20 February 2001 concerning
13 Maret 2000, sebagaimana diubah dengan Material Transactions and Changes in Main
Keputusan Ketua Bapepam No. Kep-02/ Business Activities.
PM/2001 tanggal 20 Februari 2001 tentang
Transaksi Material dan Perubahan Kegiatan
Usaha Utama.
Juli 2008 July 2008

• Hasil Rapat Umum Pemegang Saham Luar • Based on the statement at the second EGMS
Biasa (RUPSLB) Kedua Perseroan tanggal of the Company dated 15 July 2008, recorded
15 Juli 2008 telah menyetujui perubahan in the second EGMS minutes No. 37, dated
seluruh anggaran dasar Perseroan antara lain 15 July 2008, made before Fathiah Helmi

penyesuaian dengan Undang-Undang nomor SH, Notary in Jakarta, the EGMS has resolved
40 tahun 2007 tentang Perseroan Terbatas to amend the Company’s Articles of Asso-
dan peraturan Bapepam & LK no. IX.J.1 ciation to accommodate the increase the
tentang Pokok-pokok Anggaran Dasar Per- company’s authorized capital from
seroan yang melakukan Penawaran Rp 200.000.000.000, which consists of
Umum Efek Bersifat Ekuitas dan Perusahaan 1.000.000.000 shares at Rp 200,- per share
Publik dan meningkatkan modal dasar Per- to Rp 660.000.000.000, consisting of
seroan dari Rp 200.000.000.000,- yang 3.300. 000.000 shares at Rp 200,- per share
terdiri dari 1.000.000.000 saham menjadi and the adjustments of the Company Article of
Rp 660.000.000.000,- terdiri dari Association to comply with the Law Number
3.300.000.000 saham, masing-masing se- 40 of the year 2007 regarding the Limited Lia- 18
besar Rp 200,- setiap saham. bility Company (Perseroan Terbatas) and with
Bapepam & LK Regulations No. IX.J.1 espe-

cially concerning the Articles of Association of
a public listed company.
• Perseroan menyampaikan keterbukaan infor • The Company submitted Disclosure of Infor-

masi tentang PT ATPK Power Resources yang mation about PT ATPK Power Resources which
mendapatkan rekomendasi dari Bupati Bone received recommendations from the Bone
Bolango sehubungan rencana survey pen- Bolango Regent in relations to the preliminary
dahuluan pemanfaatan energi panas bumi di survey for utilization of geothermal energy in
wilayah panas bumi Suwawa, Kabupaten the area of Suwawa District, Bone Bolango
Bone Bolango, Propinsi Gorontalo. Kegiatan Regency, Gorontalo Province. The survey is
survey tersebut terkait dengan rencana associated with PT ATPK Power Resources’s
PT ATPK Power Resources untuk melakukan plan to invest in geothermal energy power
investasi dibidang energi listrik tenaga panas plant.
bumi.

masi tentang PT ATPK Power Resources yang mation about PT ATPK Power Resources
mendapatkan rekomendasi dari Gubernur which received recommendations from the
Sulawesi Utara dan Walikota Bitung di Governor of North Sulawesi and the
Sulawesi Utara untuk melakukan survey pen- Mayor of Bitung City in North Sulawesi to
dahuluan pemanfaatan energi panas bumi di conduct preliminary survey for utilization
wilayah panas bumi Gunung Dua Saudara, of geothermal energy in the area of
Kota Bitung, Propinsi Sulawesi Utara. Gunung Dua Saudara, Bitung City, North
Sulawesi Province.

masi tentang PT ATPK Energy Resources yang mation about PT ATPK Power Resources and
bersama dengan mitra kerjasamanya yaitu its partner PT Anugrah Global Esa which
PT Anugrah Global Esa telah memperoleh has obtained recommendation from the
rekomendasi dari Bupati Grobogan, Jawa Grobogan Regent, Grobogan Regency,
Tengah untuk membentuk konsorsium dengan Central Java Province to form a consortium
perusahaan milik Pemerintah Kabupaten with the local state-owned company to
Grobogan dalam rangka pengelolaan sumur- manage the “Gabus” oil field. The re-
sumur tua di lapangan minyak “Gabus”. commendation is part of the Company’s
Rekomendasi tersebut merupakan hasil upaya grand-strategy to enhance the current
untuk meningkatkan status kontrak kerjasama cooperation contract by and between
konsorsium PT ATPK Energy Resources PT ATPK Energy Resources, PT Anugrah

PT Anugrah Global Esa dan KUD “Widoro- Global Esa and Village Cooperative (KUD)
kandang” dengan Pertamina yang telah ber- “Widorokandang” with Pertamina which is
jalan selama ini yaitu pengelolaan sumur- limited to “oil uplifting and transport
sumur Migas tua yang terbatas pada kegiatan contract” to become a Production Sharing
“oil up–lifting and transport” menjadi setingkat Contract (PSC) type of contract, in the form
Production Sharing Contract (PSC) dalam of “Joint Operation Contract” (KSO) with
bentuk kontrak Kerja Sama Operasi (KSO) Pertamina.
dengan Pertamina.
19 Sehubungan rencana peningkatan status For the purpose of the above enhancement
kontrak kerjasama tersebut, PT ATPK Energy plan, PT ATPK Energy Resources Energy
Resources mendirikan PT Energi Gabus established PT Energi Gabus Pratama

Pratama (EGP) yang khusus akan menangani (EGP), which will specifically manage the
kegiatan lapangan minyak “Gabus” berlokasi “Gabus” oil field located in the Grobogan
di Kabupaten Grobogan/Purwodadi, Jawa Regency,,Central Java Province. EGP esta-
Tengah. EGP didirikan pada tanggal blished on 25 March 2008 with authorized
25 Maret 2008 dengan modal dasar capital of Rp 1,000,000,000,- and paid-up
Rp 1.000.000.000,- dan modal setor awal capital amounting to Rp 250,000,000,-
Rp 250.000.000,- yang terbagi atas 2.500 divided into 2,500 shares, domiciled
saham, berdomisili di Jakarta Selatan dengan in South Jakarta where PT ATPK Energy
susunan kepemilikan saham PT ATPK Energy Resources owned 2475 shares (99%) and
Resources sejumlah 2.475 saham (99%) dan PT ATPK Power Resources owned 25 shares
PT ATPK Power Resources sejumlah 25 saham (1%). EGP duly obtained ap[proval from the
(1%). EGP telah memperoleh pengesahan dari Ministry of Law and Human Rights No.
Menteri Hukum dan Hak Asasi Manusia AHU-24269.AH.01.01 Year 2008 dated
melalui surat keputusan No. AHU-24269. 9 May 2008.
AH.01.01 Tahun 2008 tanggal 9 Mei 2008.
• Perseroan menyampaikan keterbukaan infor- • The Company’s submitted Disclosure of Infor-

masi berupa laporan kegiatan eksplorasi ten- mation regarding exploration activities report
tang hasil penyelidikan/eksplorasi di area on investigation & exploration in the nickel
Kuasa Pertambangan nikel PT Wahana Bumi mining area of PT Wahana Bumi Mulia located
Mulia (70,24 % sahamnya dimiliki oleh in Tojo Una Una Regency, Central Sulawesi
PT Modal Investasi Mineral) yang berlokasi Province conducted by LAPI ITB. The study
di Kabupaten Tojo Una Una, Sulawesi Tengah concluded that the area is not prospective and
yang telah dilaksanakan oleh LAPI ITB yang further development effort is not feasible to be
menyimpulkan bahwa area tersebut tidak implemented, due to the limited distribution of
prospektif dan upaya pengembangan Laterite within the area of 150 Ha and are
lanjutan tidak layak untuk dilaksanakan, localized and not widly spread with a below
diantaranya dikarenakan penyebaran laterit average thickness (2-3 meters).
hanya terbatas pada area sekitar 150 Ha,
bersifat setempat dan tidak menyebar, dengan
ketebalan dibawah rata-rata (2-3 meter).
September 2008 September 2008

• PT ATPK Power Resources melalui surat • A decree of Bupati Halmahera West
keputusan Bupati Halmahera Barat Nomor.159 Nomor.159 year 2008 dated 16 September
tahun 2008 tertanggal 16 September 2008 2008 declared that PT ATPK Power Resources

telah ditetapkan lulus evaluasi Tahap I Lelang has passed the first Phase of tender evaluation
WKP panas bumi Jailoho di Kabupaten regarding geothermal work area (WKP) at
Halmahera Barat, Provinsi Maluku Utara Jailoho in West Halmahera Regency, North
tahun 2008. Dengan demikian PT ATPK Power Maluku Province in 2008. Therefore, PT ATPK
Resources diperkenankan untuk mengikuti Power Resources has received the permission
lelang tahap II atau tahap Final, yaitu tahap to participate in the second stage tender or
penyampaian penawaran harga/tarif listrik. Final stage tender, namely the stage of sub-
mission of the proposed price / electricity
tariff.
• PT. MIM Coal Power (MCP) termaktub di- • The establishment of PT. MIM Coal Power 20
dirikan dengan Akta Nomor 1 tanggal (MCP) is based on Deed No. 1 dated
6 September 2008, yang dibuat di hadapan 6 September 2008, made before Sukarno, SH,
Sukarno, SH, Notaris di Balikpapan, dan telah Notary in Balikpapan, and duly obtained
mendapat persetujuan dari Menteri Hukum approval from the Ministry of Law and
dan Hak Asasi Manusia Republik Indonesia Human Rights Republic of Indonesia No.
Nomor AHU-85888.AH.01.01. Tahun 2008 AHU-85888.AH.01.01. year 2008 dated
tanggal 13 Nopember 2008. MCP adalah 13 November 2008. MCP is a subsidiary
anak perusahaan dari MIM, berkedudukan di company of MIM, domiciled in Balikpapan.
Balikpapan.
Bidang usaha MCP antara lain bergerak MCP’s core business are, among others,
dalam bidang pertambangan batu bara, coal mining, coal gasification, briquet coal
penggalian gambut, gasifikasi batu bara dan manufacturing, nickel, tin, metal, gold,
pembuatan briket batu bara, pertambangan silver mining, and power plant. MIM
nikel, timah dan logam, emas, perak, pem- owned 99% share of MCP.
bangkit listrik (power plant). Kepemilikan
saham MCP oleh MIM adalah sebesar 99%.
Oktober 2008 October 2008

• Perseroan menyampaikan keterbukaan infor- • The Company’s submitted Disclosure of
masi berupa laporan kegiatan eksplorasi Information regarding exploration activities
bulanan tentang hasil penyelidikan pen- report on investigation & exploration on
dahuluan potensi bahan galian endapan laterite sediment in the nickel mining area
laterit nikel di daerah Kuasa Pertambangan of PT MIM Nikelindo Mulia located in Tojo
PT MIM Nikelindo Mulia (MNM) yang ber- Una Una Regency, Central Sulawesi
lokasi di Kabupaten Tojo Una Una, Sulawesi Province conducted by the Company’s
Tengah oleh tim ahli Geologi perusahaan yang geological team. The study concluded that
menyimpulkan bahwa daerah penyelidikan the area is not prospective and further
tersebut tidak prospektif untuk endapan laterit development effort is not feasible to be
nikel. implemented.
Nopember 2008 November 2008

• Tanggal 9 November 2008 Perseroan ke- • On 9 November 2008, the Company lost
hilangan salah satu anggota Direksi, dengan one member of the Board of Directors.
meninggal dunianya Bapak Azahar Bin Zaini Mr. Azahar Bin Zaini passed away in
di Kuala Lumpur, Malaysia. Kuala Lumpur, Malaysia.
• Perseroan menyampaikan keterbukaan infor- • The Company submitted an Disclosure of

masi kepada Bapepam-LK dan Bursa Efek Information to Bapepam & LK and Bursa
Indonesia (BEI) susunan anggota Komite Audit Efek Indonesia (BEI) regarding the members
Perseroan sebagai berikut : of the Company’s Audit Committee as
follows:
Ketua : Ir. Anwar Pulukadang Chairman : Ir. Anwar Pulukadang
Anggota : Abdul Ficar Hadjar, SH. MH. Member : Abdul Ficar Hadjar, SH. MH.
Anggota : Darman Amran Member : Darman Amran
Komite Audit akan bermasa tugas sampai The Audit Committee will be in force until
dengan ditutupnya Rapat Umum Pemegang the end of the next Annual General
Saham Tahunan Perseroan berikutnya. Meeting of the Shareholders.
21
• PT ATPK Power Resources belum berhasil me- • PT ATPK Power Resources has fail to win
menangi lelang Wilayah Kerja Pertambangan the tender for the Geothermal Mining Area
(WKP) Panas Bumi Jailoho di Kabupaten at Jailoho in West Halmahera Regency,
Halmahera Barat. Hal ini didasarkan pada North Maluku Province. This is based on
pengumuman hasil penawaran harga yang the tender announcement which indicated
menunjukan bahwa PT ATPK Power Resources that PT ATPK Power Resources came
menempati peringkat ke-2 pada lelang second in the ranking.
tersebut.
• PT Mega Alam Sejahtera (MAS) menanda- • PT Mega Alam Sejahtera (MAS) signed a joint
tangani kontrak kerjasama dengan PT Bara venture contract with PT Bara Jaya Utama
Jaya Utama untuk melakukan eksplorasi, to conduct explorations, exploitations and coal
eksploitasi dan penjualan batubara atas off-take in the coal mine area of 3,274 Ha
wilayah kuasa pertambangan seluas which is owned by MAS.
3.274 Ha yang dimiliki oleh MAS.
Desember 2008 December 2008

• Rapat Direksi Perseroan tanggal 23 Desember • Board of Directors meeting of the Company on
2008 memutuskan menyetujui dan menunjuk 23 December 2008 resolved the approval and
Bapak Raymond Bernardus (Direktur Operasi- appointment of Mr. Raymond Bernardus
onal) sebagai pejabat sementara Direktur (Director of Operations) as Acting Financial
Keuangan menggantikan Almarhum Bapak Director, replacing Mr. Azahar Bin Zaini whom
Azahar Bin Zaini yang meninggal dunia pada passed away on 9 November 2008. The
tanggal 9 Nopember 2008. Penunjukkan appointment is effective from 23 December
tersebut efektif berlaku mulai tanggal 2008 until the appointment of the new
23 Desember 2008 sampai dengan diang- Company’s Financial Director at the next
katnya Direktur Keuangan Perseroan yang General Meeting of the Shareholders.
baru dalam Rapat Umum Pemegang Saham
Perseroan berikutnya.
22
IKHTISAR KEUANGAN
FINANCIAL HIGHLIGHTS
(Dalam ribuan Rupiah, 2008 2007 2006 2005 2004 (In Thousand of Rupiahs,
kecuali data per saham) except data per share)
LAPORAN LABA RUgi FiNANCiAL RePORT
Pendapatan 3,524,173 2.818.660 1.528.797 12.265.482 19.308.270 Revenue
Laba (Rugi) Kotor (334.489) 1.012.944 (537.216) 638.763 (619.967) Gross Income (Loss)
Laba (Rugi) Usaha (25,856,862) (25.184.980) (19.239.501) (1.555.459) (2.652.876) Income (Loss) from Operations
Laba (Rugi) Bersih (25,542,581) (44.666.317) (30.223.336) 1.692.673 (4.475.373) Net income (Loss)
NeRACA BALANCe SHeeT
Aktiva Pajak Tangguhan 7,443,586 15.671.351 8.854.638 4.501.224 3.965.455 Deferred Tax Assets
Aktiva Tetap 31,850,929 38.465.179 60.680.856 71.102.519 73.832.618 Fixed Assets
Aktiva Lain-Lain 22,101,360 20.145.682 21.882.245 333.743 719.603 Other Assets
Jumlah Aktiva 193,748,689 208.613.155 102.887.052 84.154.091 86.569.209 Total Assets
Kewajiban Lancar 32,775,293 18.995.251 15.550.310 485.070 1.113.591 Current Liabilities
Kewajiban tidak Lancar 1,646,949 1.350.972 32.901.471 178.366 272.290 Non Current Liabilities
Ekuitas 164,725,990 188.101.252 53.267.319 83.490.656 85.183.329 Equity
Jumlah Kewajiban dan ekuitas 193,748,689 208.613.155 102.887.052 84.154.091 86.569.209 Total Liabilities and equity
Modal Kerja Bersih 94,021,220 115,335,692 (4.080.997) 2,470,425 5,802,941 Net Working Capital
RAsiO (%) RATiOS (%)

Laba (Rugi) Bersih / Nett (Loss) Income /
Penjualan Bersih (725%) -1.584,66 % -1.976,94% 13,80% -23,18% Nett Sales
Laba (Rugi) Bersih / Nett (Loss) Income /
Jumlah Aktiva (13,18%) -21,41% -29,38% 2,01% -5,17% Total Assets
Rasio Kewajiban Terhadap Ekuitas 21% 11% 93% 0,27% 1,63% Liability to Equity Ratio
Laba (Rugi) Bersih / Ekuitas (15,51%) -23,75% -56,74% 2,03% -5,25% Net (Loss) Income / Equity
Rasio Lancar 386,87% 707,18% 73,76% 1.693,90% 588,32% Current Ratio

23
Kewajiban Lancar / Current Liabilities /
Jumlah Aktiva 16,92% 9,11% 15,11% 0,58% 1,29% Total Assets
Laba(Rugi) Usaha Income (Loss) from Operations
per Saham (Rp) (31) (30,68) (46,87) (3,79) (6,46) per Share (Rp)
Laba (Rugi) Bersih per Saham (Rp) (31) (54,41) (73,63) (4,12) (10,90) Nett Income (Loss) per Share (Rp)
Jumlah Saham Beredar 830.562.002 820.900.000 410.450.000 410.450.000 410.450.000 Total Circulated Shares
KINERJA SAHAM
SHARE PERFORMANCE
KRONOLOGIS SHARE LISTINGS

PENCATATAN SAHAM CHRONOLOGY
Akumulasi Jumlah Jumlah Nominal /

Aksi Korporasi / Tanggal Pencatatan Jumlah saham /
saham / Accumulated Nominal Value
Corporate Action di Bursa / Listed Total Shares
Total Shares (Rp)
Penawaran Perdana /
28 Maret 2002 135.450.000 135.450.000 27.090.000.000
Initial Public Offering
Saham Disetor /
17 April 2002 275.000.000 410.450.000 82.090.000.000
Company Listing
Penawaran Umum
Terbatas I / 16 Agustus 2007 410.450.000 820.900.000 164.180.000.000
Rights Issue I
Saham Hasil Konversi

22 Januari 2008 -
Waran Seri I 9.662.002 830.562.002 166.112.400.400
5 Januari 2009
HARGA DAN TRANSAKSI Share Price and

SAHAM TAHUN 2007-2008 Transaction year 2007–2008

Pasar Reguler / Reguler Market Total semua Pasar / All Market
Tahun /
year harga saham / Share Price (Rp) Nilai / Frek / hari Nilai / Frek / hari
Volume Value Freq. Bursa / Volume Value Freq. Bursa /
Kuartal / Tertinggi / Terendah / Penutupan / ( saham / Share ) (Rp) (x) days ( saham / Share ) (Rp) (x) days
quarter Highest Lowest Closing
2007
Q1 780 115 780 47,203,500 23,986,017,000 1,437 26 106,241,000 53,352,167,000 1,457 29
Q2 2,650 800 2,625 188,385,500 295,752,412,500 5,290 49 211,098,500 315,094,865,000 5,341 57
Q3 2,600 550 1,250 83,691,000 96,972,957,500 2,937 62 89,613,000 103,024,307,500 2,961 63
Q4 1,350 920 1,230 35,657,500 42,484,340,000 1,747 51 47,813,150 56,355,790,000 1,754 53

24
Total 354,937,500 459,195,727,000 11,411 188 454,765,650 527,827,129,500 11,513 202
2008
Q1 1,260 700 900 23,551,000 23,054,335,000 1,227 52 31,016,500 29,641,890,000 1,249 53
Q2 1,050 600 650 69,386,000 62,952,905,000 4,191 56 71,872,610 65,268,143,300 4,216 58
Q3 650 285 350 34,870,000 16,522,247,500 2,522 62 37,436,740 17,987,867,500 2,549 62
Q4 250 125 129 556,500 100,845,500 67 19 1,646,500 285,294,000 75 24
Total 128,363,500 102,630,333,000 8,007 189 141,972,350 113,183,194,800 8,089 197
Sumber: PT Bursa Efek Indonesia Source: Indonesia Stock Exchange

KINERJA SAHAM
SHARE PERFORMANCE
Komposisi Kepemilikan Composition of

Saham Perseroan Share Ownership
Komposisi pemegang saham Perseroan per The composition of shareholders of the Company
tanggal 31 Desember 2008 yang dikeluarkan oleh as of 31 December 2008 issued by the Company’s
Biro Administrasi Efek Perseroan – PT Adimitra Bureau of Securities Administration - PT Adimitra
Transferindo adalah sebagai berikut: Transferindo is as follows:
Nilai Nominal / Nominal Value

Rp. 200 per saham / per Share
No Pemegang saham
No Shareholder Jumlah saham Persentasi
Percentage
No. of Shares (%)
1 UOB Kay hian Pte. Ltd. 269.028.833 32,39
2 Credit suisse Zurich 105.310.000 12,68
3 Kim eng securities PTe,LTD 91.038.072 10,96
4 Pershing LLg Main Custody 85.845.072 10,34
5 Masyarakat/Public (<5%) 279.340.025 33,63
Jumlah Saham Beredar / 830.562.002 100,00

Total Shares Issued
Saham dalam Portepel / 2.469.437.998 -

Shares in Portfolio
25
LAPORAN DEWAN KOMISARIS
THE BOARD OF COMMISSIONERS MESSAGE
Perseroan melalui tahun 2008 dengan melewati PT ATPK Resources Tbk (“Company”) arrived
tantangan yang berat. Dewan Komisaris menya- savely throughout the fiscal year of 2008 by
dari tahun lalu adalah perjalanan yang tidak bisa facing some tough challenges. The Board of
dianggap mudah karena beberapa faktor seperti Commissioners believes that last year was a jour-
krisis global, sengketa dengan pemegang saham ney that cannot be considered an easy one due to
minoritas di beberapa anak perusahaan MIM yang several factors such as the global crisis, disputes
mengakibatkan terlambatnya kegiatan penam- with certain minority shareholders in subsidiaries
bangan di lahan-lahan batubara milik anak per- of MIM, which caused the delay in commencing
usahaan MIM tersebut. production in coal mines owned by the subsidiaries
of MIM.
Dampak dari penundaan kegiatan penambangan The postponement in the coal production activities
tersebut menyebabkan pengaruh yang besar bagi affected to the Company’s financial performance,
keuangan Perseroan yang hingga saat ini belum which as a result, up to now, the Company has
ada pemasukkan bagi Perseroan. Namun demi- yet demonstrate a significant increase in revenues.
kian, manajemen Perseroan telah melaksanakan However, the management of the Company has
kegiatan operasional dan membuat perencanaan struggled hard to carry out the operational activities
untuk jangka menengah dan panjang yang kami efficiently and has build up mid and a longer term
yakin akan membawa Perseroan pada kondisi plan for which we and the management believes
yang lebih baik. will improve operational and financial performance
of the Company.
Pengawasan atas kinerja Perseroan diterapkan Control over the Company’s performance was
melalui komite-komite yang dibentuk, khususnya instigated through committees, especially the
komite audit. Dengan demikian fokus Perseroan audit committee. Consequently, we hope that the
tetap terjaga dan prosedur-prosedur yang ada Company will keep its focus on its core activi-

akan dapat diterapkan disegala bidang. ties, and continue exercising good corporate go-
vernance practise at every level as well as sector of
the Company.
Bisnis yang digeluti Perseroan saat ini masih Company’s business lines remain promising and
merupakan sektor bisnis yang masih menjanjikan, prospective, given that the coal price are on bullish
dimana harga batubara mulai meningkat kembali mode as oil price shows positive sign and the world
seiring dengan membaiknya perekonomian dunia. economic condition is on the path to recovery. This
Kondisi tersebut membangkitkan rasa optimisme condition brings optimism to the Company. The
kami akan kemampuan Perseroan. Cadangan coal reserves owned by Company’s through the
batubara yang dimiliki Perseroan melalui anak- MIM subsidiaries offer a wide range of quality and 26
anak perusahaan dengan berbagai tingkat kuali- are expected to generate the main revenues for the
tas sangat diharapkan menjadi sumber pemasukan Company going forward, in addition to income
utama selain dari bisnis minyak dan gas. from the oil and gas activities.
Pada tahun 2008, Perseroan ditinggalkan salah In the year 2008, The Company was left by one of
seorang Direkturnya yaitu Bpk. Azahar Bin Zaini its Directors, Mr. Azahar Bin Zaini whom passed
yang meninggal pada bulan Nopember 2008. away on November 2008. We pray to God
Kami mendoakan semoga amal ibadahnya di- Almighty to acknowledge his good deeds.
terima disisi-Nya.
LAPORAN DEWAN KOMISARIS
THE BOARD OF COMMISSIONERS MESSAGE
Dan akhirnya kami mengucapkan terima kasih Finally, we would like to thank all the Directors,
kepada segenap Direksi dan karyawan Per- staff and employees of the Company and its sub-
seroan dan anak-anak perusahaannya atas segala sidiaries for all the hard work, commitment and
kerja keras, komitmen dan dukungan yang di- support which they have dedicated throughout the
dedikasikan selama tahun 2008. Kami meng- fiscal year of 2008. We valued the trust and support
hargai kepercayaan dan dukungan dari segenap shown by our employees and hope that their trust
karyawan dan mengharapkan semoga dukungan and support will continue in the years to come.
dan kepercayaan tersebut akan terus berlanjut dan
berkesinambungan di tahun-tahun mendatang.
Atas nama Dewan Komisaris On behalf of the Board of Commissioners
Anwar Pulukadang
Komisaris Independen
Independent Commissioner
27
LAPORAN DIREKSI
THE BOARD OF DIRECTORS MESSAGE
Yang terhormat Para Pemegang Saham, Dear Shareholders,
Kami bersyukur dapat melalui tahun 2008 dengan We are greatful to be able to overcome the 2008
baik dengan tetap fokus pada sektor pertambangan fiscal year with acceptable result by keeping our
batubara, minyak dan gas serta pembangkit listrik focus on coal mining, oil and gas and power plant
dan telah berupaya meraih peluang dan membuat sector, and seizing opportunity for future growth
tahapan-tahapan awal yang cukup baik untuk per- and make initial development stages in every sec-
tumbuhan ditahun-tahun mendatang dalam masing- tor of the our business.
masing sektor kegiatan usaha tersebut.
Agar lebih fokus pada kegiatan usaha pertam- To be more focused on the business activities of coal
bangan batubara dan mineral, minyak dan gas and mineral mining, oil and gas and power plant,
serta kelistrikan, dalam tahun 2008 Direksi Per- in 2008 the Board of Directors of the Company
seroan memutuskan untuk melakukan divestasi decided to conduct divestment on the Company’s
aset perkebunan kelapa sawit yang dimiliki Per- palm oil plantation asset. The Company’s Extra-
seroan. Rapat Umum Pemegang Saham Luar Biasa ordinary General Meeting of Shareholders dated
Perseroan tanggal 28 Juni 2008 telah memutuskan 28 June 2008 has resolved on the execution of sale
menyetujui untuk melaksanakan penjualan atas of our palm oil plantation assets, located in Percut
aset-aset perkebunan kelapa sawit yang berlokasi Sei Tuan Sub-District, North Sumatra Province.
di daerah Percut, Kecamatan Sei Tuan, Sumatera Finalization of the aforementioned sales transaction
Utara. Penyelesaian transaksi penjualan aset terse- has been implemented by signing of the deed of
but berupa penandatanganan akta jual beli akan the sales and purchase of the asset in which shall
dilakukan setelah hal-hal diantaranya Perseroan te- be effective after several conditions being satisfied,
lah menerima pembayaran atas seluruh harga jual among other is after the Company received the
yang disepakati tersebut. payment of the agreed sales price.

Beberapa upaya Direksi Perseroan telah dilakukan A number of the Board of Director’s effort has
dalam tahun 2008 untuk meraih peluang usaha been conducted in the year 2008 to seize business
yang ada dan beberapa diantaranya membuahkan opportunities which are available and some of
hasil, walau masih dalam taraf awal pengem- the efforts has successfully produce fine results,
bangan bisnis. although some are still in the initial phase of the
development.
Pada sektor minyak dan gas bumi, PT ATPK Energy In the oil and gas sector, PT ATPK Energy Resources
Resources bersama dengan mitra kerjasamanya together with its business partner, PT Anugrah
yaitu PT Anugrah Global Esa telah memperoleh re- Global Esa have obtained recommendation from 28
komendasi dari Bupati Grobogan, Jawa Tengah un- the Regent of Grobogan Regency, Central Java
tuk membentuk konsorsium dengan perusahaan mi- Province, to establish a consortium with the
lik Pemerintah Kabupaten Grobogan dalam rangka Grobogan Regional Company with focus of
pengelolaan sumur-sumur tua di lapangan minyak managing the old-aged wells in “Gabus” oil field.
“Gabus”. Hal tersebut merupakan upaya untuk The recommendation is an part of the Company’s
meningkatkan status kontrak kerjasama konsorsium strategy to enhance the status of the current co-
PT ATPK Energy Resources PT Anugrah Global Esa operation contract, which is the consortium of
dan KUD (Koperasi Unit Desa) “Widorokandang” PT ATPK Energy Resources, PT Anugrah Global Esa
dengan Pertamina yang telah berjalan selama ini and Koperasi Unit Desa or KUD (Village Coopera-
yaitu pengelolaan sumur-sumur Migas tua atau oil tive Agency) “Widorokandang” with Pertamina
LAPORAN DIREKSI
up – lifting dan transport menjadi bentuk kontrak namely the “oil up-lifting and transport contract”,
Kerja Sama Operasi (KSO) atau service contract. an common sales and purchase contract between
Pertimbangan peningkatan status kontrak harus di- the Consortium and Pertamina; to become a PSC
lakukan adalah bahwa berdasarkan hasil ujicoba type contract or Joint Operation Contract (KSO).
produksi dari sumur-sumur tua tersebut, volume Consideration of enhansing the status of the con-
minyak yang dihasilkan belumlah signifikan. tract was decided based on the trial production of
Dengan status KSO memungkinkan anak perusa- the old-aged wells, where the volume of oil pro-
haan Perseroan tersebut melakukan eksplorasi dan duced is not significant. With KSO contract, it will
produksi minyak pada formasi/reservoir yang allow the Company’s subsidiaries to implement
lebih dalam dan di area yang lebih luas dari yang international standard exploration and production
ada saat ini, untuk menggapai tahapan produksi work at deeper formation / reservoir away from
yang lebih besar. the existing old-aged wells and able to operate in
a wider area to achieve the economical production
volume.
Pada sektor kelistrikan, PT ATPK Power Resources In power plant sector, PT ATPK Power Resources
mencoba untuk menggali potensi dan meman- undertakes the utilization of the potential of geo-
faatkan energi panas bumi untuk menghasilkan thermal energy to generate electricity. The achieve-
listrik. Tahap awal pengembangan usaha yang ment of the first stage development effort is ob-
telah dicapai adalah diperolehnya rekomendasi taining recommendation and approval from both
dan persetujuan baik dari Gubernur maupun the Governor and Regent of the regional govern-
Bupati kepala daerah setempat untuk melakukan ment to conduct a preliminary survey to study the
survey pendahuluan pemanfaatan panas bumi di utilization of geothermal energy located at several
beberapa lokasi wilayah panas bumi di Sulawesi. geothermal areas in Sulawesi. In addition, PT ATPK
Selain itu, PT ATPK Power Resources juga mengikuti Power Resources has passed the first Phase of ten-
dan berhasil lulus evaluasi Tahap I Lelang Wilayah der evaluation regarding geothermal work area
Kuasa Penambangan (WKP) panas bumi Jailolo (WKP) at Jailoho in West Halmahera Regency,
di Kabupaten Halmahera Barat, Provinsi Maluku North Maluku Province in 2008 although it did not
Utara tahun 2008, walau akhirnya belum berhasil pass the second stage or the final TENDER stage;
untuk memenangi lelang tahap II atau tahap Final, the price proposal of the electricity tariff.
yaitu tahap penawaran harga/tarif listrik.
Pada sektor pertambangan nikel oleh PT MIM In nickel mining sector, operated by PT MIM
Nikelindo Mulia dan PT Wahana Bumi Mulia, ber- Nikelindo Mulia and PT Wahana Bumi Mulia, base
dasarkan laporan hasil penyelidikan pendahuluan on preliminary exploration report on the potential
potensi bahan galian endapan nikel laterit, oleh of nickel laterite sediment, conducted by LAPI-ITB,
Lembaga Afiliasi Penelitian dan Industri Institut Tek- an independent surveyor, concluded that the area
nologi Bandung (LAPI-ITB), independen surveyor, of exploration on both companies are not pros-
29 menyimpulkan bahwa daerah penyelidikan di area pective. Accordingly, the management decided not
tambang kedua perusahaan tersebut tidak prospek- to continue the exploration activities and return the
tif untuk endapan nikel laterit. Mengingat keadaan mining licenses to the local governments.
lapangan yang tidak berpotensi untuk eksplorasi
detail, manajemen perusahaan telah memutuskan
untuk tidak melakukan kegiatan eksplorasi lebih
lanjut dan mengembalikannya kepada Pemerintah
Daerah Kabupaten setempat.
Pada sektor pertambangan batubara, di bulan In coal mining sector, in November 2008, PT Mega
Nopember 2008 PT Mega Alam Sejahtera (MAS) Alam Sejahtera (MAS) has signed the cooperation
LAPORAN DIREKSI
menandatangani perjanjian kerjasama dengan agreement with PT Bara Jaya Utama (BJU) with a
PT Bara Jaya Utama (BJU) dengan rencana mulai plan to commence coal production from MAS in
produksi pada pertengahan tahun 2009. mid of 2009.
Pada bulan Mei 2008, Konsorsium PT Modal In May 2008, the consortium of MIM, PT Mega
Investasi Mineral (MIM) dengan PT Mega Alam Alam Sejahtera and PT Sarana Mandiri Utama
Sejahtera (MAS) dan PT Sarana Mandiri Utama (SMU) is one of the winner of the PT PLN (Persero)
(SMU) menjadi salah satu pemenang pelelang- tender for low rank coal supply to CFSPP 2 North
an pengadaan batubara peringkat rendah oleh Sulawesi (Manado) 2x25 MW, CFSPP Gorontalo
PT PLN (Persero) untuk PLTU 2 Sulawesi Utara 2x25MW and CFSPP North Maluku (Ternate) 2x7
(Manado) 2x25 MW, PLTU Gorontalo 2x25 MW, MW. The Consortium has signed the Letter of Intent
PLTU Maluku Utara (Ternate) 2x7 MW, menanda- (LOI) with PT PLN (Persero). The Consortium will
tangani “Letter of Intent” (LOI) dengan pihak PT PLN sign the Sales and Purchase contract with PT PLN
(Persero). Konsorsium berniat menandatangani per- (Persero) if and when the conditions specified in the
janjian jual beli batubara jika persyaratan yang LOI have been satisfied.
ditentukan dalam LOI telah dipenuhi.
Perseroan masih mengalami kerugian sebesar The Company still suffered loss of Rp25,54 billion
Rp 25,54 milyar untuk tahun buku 2008 oleh for the financial year 2008 due to the postpone-
karena belum mampu berproduksi akibat be- ment of coal production which, among others
berapa hal seperti: (i)Terjadinya perbedaan is caused by: (i) Dispute between MIM and the
pendapat antara anak perusahaan Perseroan minority shareholder of PT SMU which is still in
yaitu PT Modal Investasi Mineral (MIM) sebagai legal process (ii) Nickel Mining license of PT MIM
pemegang 70% saham dalam PT Sarana Mandiri Nikelindo Mulia was returned to the local govern-
Utama (SMU) dengan pemegang saham minoritas ment of Tojo Una Una Regency due to the un-
di PT SMU yang masih berlangsung sampai saat ini prospective laterite nickel sediment, and (iii) Nickel
(ii) pengembalian Kuasa Pertambangan yang di- Mining license of PT Wahana Bumi Mulia is not
miliki PT MIM Nikelindo Mulia kepada Pemerintah extended due to the constraint of nickel laterite

daerah Kabupaten Tojo Una Una karena daerah sediment distribution, which is limited only in the
penyelidikan tersebut tidak prospektif untuk enda- area of 150 Ha coupled with uneconomical nickel
pan nikel laterit, dan (iii) tidak memperpanjang and other material reserve.
masa berlaku ijin Kuasa Pertambangan Eksplorasi
Nikel PT Wahana Bumi Mulia dikarenakan penye-
baran Laterit hanya dalam area sekitar 150 Ha
dengan kadar logam nikel dan logam ikutannya
yang tidak ekonomis.
Mengacu pada opini auditor pada laporan ke- With reference to the auditor’s opinion on the Com-
uangan tahunan 2007 dan informasi serta pany’s financial report for year end 2007 and 30
dokumen yang baru-baru ini diperoleh, maka information and documents recently obtained, the
Direksi Perseroan melalui rapatnya tertanggal Board of Directors of the Company through the
23 Desember 2008 telah menyetujui untuk melaku- Board of Director Meeting dated 23 December
kan kegiatan audit forensik dan menunjuk penase- 2008, has agreed to commissioned a forensic au-
hat hukum untuk menganalisis dan mengetahui dit review and appoint legal advisory firm to audit
kejadian sebenarnya yang diduga sebagai pe- and eventually present legal advise on allegedly ir-
nyimpangan atas pengeluaran-pengeluaran se- regularities in the utilization of funds proceeds from
jumlah dana hasil penawaran umum terbatas the Company’s Right Issue in 2007 for the benefit
Perseroan pada tahun 2007 kepada pihak- of certain parties. In time, according to the rules on
pihak tertentu. Pada waktunya, sesuai peraturan transparency, the Board of Directors of the Com-
LAPORAN DIREKSI
mengenai keterbukaan informasi, Direksi Perseroan pany will submit the disclosure report to its stake-
akan menyampaikan laporan permasalahan diatas holders, including Bapepam & LK and the Indo-
dengan selengkapnya kepada seluruh pemangku nesia Stock Exchange.
kepentingan Perseroan, termasuk Bapapam & LK
dan Bursa Effek Indonesia.
Walaupun Perseroan menghadapi permasalahan Despite of experiencing problems as described

seperti yang diuraikan di atas, komitmen kami ter- above, we shall keep our commitment to the im-
hadap Corporate Social Responsibility (CSR) tetap plementation of Corporate Social Responsibility
dipertahankan. Untuk mengantisipasi meningkat- (CSR) intact. In anticipation of the growing needs
nya kebutuhan program pengembangan masya- of community development program, the Com-
rakat kami sebisa mungkin secara pro-aktif menye- pany is determined to continously instigate pro-
lenggarakan dialog dengan tokoh masyarakat dan active dialogue with the community leaders and the
pemerintah guna memastikan bahwa kami siap local government officials to ensure the realization
memberikan bantuan sesuai kemampuan kami. of our commitments to the best of our ability. Corres-
Menyelaraskan dengan kemampuan Perusahaan, ponding to the ability of the Company, the CSR im-
kegiatan terkait dalam pelaksanaan CSR telah di- plementation is concentrated and focused at each
lakukan didalam wadah community development of the Company’s mining subsidiaries neighbor-
yang berada di masing-masing anak perusahaan hood, although no material or significant value was
tambang walau belumlah dapat dikatakan mate- involved. Management of the Company believes
rial atau signifikan nilainya. Manajemen Perseroan believe in the importance of such CSR program that
dalam hal ini meyakini dan menyadari pentingnya will ensure a positive impact to the development
kegiatan CSR yang akan berdampak positip dalam and progress, as well as, to preserve the Compa-
perkembangan dan kemajuan serta memelihara ny’s going concern ability.
kelangsungan usaha perusahaan.
Mengkaji secara keseluruhan permasalahan mau- Evaluating the overall prospects and problems as
pun prospek yang diuraikan di atas, Direksi mera- described above, the Directors of the Company feel
sa yakin bahwa Perseroan masih memiliki potensi confident that the Company still has its potential to
khususnya dalam sektor batubara, minyak dan grow and flourish, especially in the sectors of coal,
gas serta kelistrikan melalui pemanfaatan tenaga oil & gas and geothermal or renewable energy
panas bumi. based power plant.
Tantangan ke depan adalah kemampuan Direksi The challenge ahead is the ability of the Board of
Perseroan untuk mengembalikan dana hasil pena- Directors of the Company to recover the proceeds
waran umum terbatas di atas dan / atau men- from the Right Issue and / or to find new investors
dapatkan investor yang bersedia bekerjasama who are willing to cooperate with the Company to
dengan Perseroan untuk mengembangkan lebih continue the development and boost up the Compa-
31 lanjut hasil-hasil yang telah dicapai Perseroan sam- ny’s potential duly achieved todate.
pai dengan saat ini.
Seiring perkembangan dunia usaha, PT. ATPK Keeping up with the ethical standard within the
Resources Tbk. juga meningkatkan sistem Good international business society, PT ATPK Resources
Corporate Governance (GCG). Peningkatan terse- Tbk. is committed to implement the principles of
but bukan hanya untuk memenuhi kebutuhan Per- Good Corporate Governance (GCG). Such imple-
seroan yang semakin kompleks dan dinamis, tetapi mentation is not only for coping with the Compa-
juga merupakan tujuan utama rencana jangka ny’s more complex and dynamic requirements, but
panjang dan untuk membentuk landasan baru also to ensure the Company’s long term plan of
penerapan GCG. Untuk itu di Desember 2008, building a better GCG platform. To commence such
Direksi Perseroan telah memutuskan melaksana- objective, in December 2008, the Company’s
LAPORAN DIREKSI
kan tinjauan forensik dan hukum atas beberapa Board of Director has decided to perform the foren-
permasalahan hukum dan keuangan yang diha- sic audit review and legal review on several legal
dapi Perseroan. and financial problems facing the Company.
Atas nama Direksi, Saya mengucapkan banyak On behalf of the Board of Directors, I would like
terima kasih kepada semua karyawan atas kerja to thank to our employees for their hard work in
kerasnya di tahun yang sulit ini. Secara khusus this difficult year. To our suppliers and customers
kami juga menyampaikan terima kasih kepada and partners, a special thank for your continuous
para mitra atas dukungan yang terus menerus. support. To our shareholders, we highly appre-
Kepada para pemegang saham kami sangat ber- ciate your support and hope that the recovery of
syukur atas dukungan yang telah diberikan dan the market will lead to a better reflection of the
kami sangat berharap dengan pulihnya tingkat value of your investment. I personally would like to
kepercayaan pasar akan mampu mengembalikan thank my fellow Board members, who are still able
nilai investasi yang ditanamkan. Secara pribadi to show excellent leadership under such awesome
saya menyampaikan terima kasih kepada rekan- pressures.
rekan Direksi yang tetap mampu menunjukkan
kepemimpinannya yang handal ditengah tengah
tekanan yang luar biasa.
Atas nama Direksi On behalf of the Board of Directors
Dr.H.M. Wasisto Budiharsoyo, M.A.

Direktur Utama

President Director
32
ANALISIS DAN PEMBAHASAN MANAJEMEN
MANAGEMENT ANALYSIS AND REVIEW
Perseroan melakukan Penawaran Umum Terbatas The Company conducted an Limited Public Offering
I (PUT I) di bulan Juli-Agustus 2007 kepada para I (PUT I) in July-August 2007 to the shareholders
pemegang saham Perseroan dalam rangka pener- of the Company, where 410.450.000 (four hun-
bitan Hak Memesan Efek Terlebih Dahulu (HMETD) dred and ten million four hundred fifty thousand)
sejumlah 410.450.000 (empat ratus sepuluh juta shares with nominal value of Rp 200 (two hundred
empat ratus lima puluh ribu) saham dengan nilai rupiah) per share were offered with the price of
nominal Rp 200 (dua ratus rupiah) setiap saham Rp 445 (four hundred forty-five rupiah) each,
yang ditawarkan dengan harga Rp 445 (empat totalling the amount of Rp 182.650.250.000 (one
ratus empat puluh lima rupiah) setiap saham- hundred eighty two billion six hundred fifty-two
nya, sehingga seluruhnya berjumlah sebanyak million five hundred forty thousand rupiah). New
Rp 182.650.250.000 (seratus delapan puluh dua shares were offered to shareholders in PUT I were
miliar enam ratus lima puluh juta dua ratus lima Registered Common Stocks which were drawn from
puluh ribu rupiah). Saham baru yang ditawarkan the Company’s portfolio which have the same rights
kepada Pemegang Saham dalam rangka PUT I and equal treatment in every respects with the other
tersebut adalah Saham Biasa Atas Nama yang se- Registered Common Stocks that have been pre-
luruhnya dikeluarkan dari Portepel Perseroan yang viously placed by the Company. In every 3 (three)
mempunyai hak yang sama dan sederajat dalam new shares there is 1 (one) Series I Warrant offered
segala hal dengan Saham Biasa Atas Nama lain- freely by the Company. The Series I Warrant gave
nya yang telah ditempatkan dan disetor penuh rights to its holder rights to purchase one (1) new
dalam Perseroan. Pada setiap 3 (tiga) saham baru share at the price of Rp 200 (two hundred rupiah).
melekat 1 (satu) Waran Seri I yang diberikan oleh
Perseroan secara cuma-cuma. Waran Seri I mem-
berikan hak kepada pemegangnya untuk membeli
1 (satu) saham baru pada harga Rp 200 (dua ratus
rupiah).
Laporan realisasi penggunaan dana hasil Pena- The Company’s Accomplishment Report of the
waran Umum Terbatas I tahun 2007 (PUT I/2007) Limited Public Offering I (PUT I) 2007 issued in
oleh Perseroan di bulan April 2008 menunjukkan April 2008 showed that all of the Right Issue funds
bahwa dana tersebut telah seluruhnya didistri- have been distributed by the Company in accor-
busikan oleh Perseroan sesuai dengan alokasi dance with its planned allocation described in
yang direncanakan dalam prospektus PUT I. Dana the prospectus. The funds raised, deducted with
yang diperoleh setelah dikurangi biaya-biaya emi- emission fees, is used for the Company’s Opex for
si, digunakan untuk modal kerja Perseroan, peluna- operations, settlements of Rexy Finance Limited’s
san pinjaman ke Rexy Finance Limited, pinjaman loan, loan for Opex and Capex granted to
untuk PT Modal Investasi Mineral, PT ATPK Power PT Modal Investasi Mineral, PT ATPK Power
33 Resources dan PT ATPK Energy Resources. Sedang- Resources and PT ATPK Energy Resources. While
kan dana yang diperoleh dari hasil pelaksanaan the funds obtained from the results of the Series I
sebagian Waran Seri I yang dimulai sejak 14 Warrant implementation, from 14 January 2008 un-
Januari 2008 hingga akhir tahun 2008 berjumlah til the end 2008 amounting to Rp 1.932.400.400,-
Rp 1.932.400.400 telah dipergunakan Perseroan were used for additional Capex.
untuk tambahan modal kerja.
Jumlah Waran Seri I yang tersisa dan belum dilak- The number of Series I Warrants remained and
sanakan berjumlah 127.154.736 waran. Waran unimplemented is 127.154.736 warrants. Series
Seri I yang tidak dilaksanakan sampai berakhirnya I Warrants which are not exercised within their
masa berlaku Waran, yaitu tanggal 12 Juli 2010 exercise period, which expires on 12 July 2010,
akan menjadi kadaluarsa, tidak bernilai dan tidak will expire and be deemed cancelled.
berlaku.
TINJAUAN OPERASI Review of operation

PER SEGMEN USAHA per business segment
1. Sektor Perkebunan 1. Plantation Sector

Perkebunan kelapa sawit milik Perseroan di- Palm oil plantation owned by the Company
pandang kurang efisien dikarenakan luas considered less efficient because of the
lahan perkebunan tersebut cukup kecil. Disam- plantation area is insignificant. Besides, the
ping itu kebun Perseroan juga belum meng- plantation area of the Company also has not
hasilkan Tandan Buah Segar (TBS). Luas lahan produced Fresh Fruit Bunches (FFB) yet. Due to
perkebunan yang kecil tersebut juga tidak the insignificant Plantation area it was deemed
efisien bagi Perseroan untuk membangun not efficient for the Company to build a Palm
Pabrik Kelapa Sawit (PKS) sehingga menye- Oil Factory (POF) to avoid the dependency
babkan ketergantungan Perseroan kepada by the Company to third party POF in pro-
PKS lain dalam mengolah TBS hasil per- cessing the FFB. Furthermore, the condition of
kebunan kelapa sawit. Selanjutnya, kondisi the land of palm oil plantation is considered
dari tanah perkebunan kelapa sawit tersebut less suitable for palm tree to grow due to its
juga kurang baik dan kurang cocok bagi location. Land area for the palm oil plantation
pertumbuhan tanaman kelapa sawit dikare- was previously a pond used for shrimp
nakan lokasi Aktiva Perseroan kelapa sawit farming. Based on the considerations above,
tersebut sebelumnya digunakan untuk usaha the Company has decided to divest the palm
pertambakan udang. Berdasarkan pertim- oil plantation area.
bangan-pertimbangan tersebut di atas, Per-
seroan memutuskan untuk melakukan pen-
jualan dan pengalihan atas Aktiva Perseroan
(Divestasi).

Rapat Umum Pemegang Saham Luar Biasa The Extraordinary General Meeting of Share-
Perseroan tanggal 28 Juni 2008 telah me- holders dated 28 June 2008 has decided to
mutuskan menyetujui untuk melaksanakan approve the sale of oil palm plantations assets
penjualan atas aset-aset perkebunan kelapa located in Percut areas, Sei Tuan District,
sawit yang berlokasi di daerah Percut, Ke- Sumatera Utara to PT Perkebunan Sungai
camatan Sei Tuan, Sumatera Utara kepada Wang at Rp 34.100.000.000 (thirty-four
PT Perkebunan Sungai Wang seharga billion one hundred million Rupiah) and grand
Rp 34.100.000.000 (tiga puluh empat miliar the authority to the Board of Directors of the
seratus juta Rupiah) dan memberi kuasa Company to perform all of the actions
kepada Direksi Perseroan untuk melakukan required.
34
segala tindakan yang diperlukan sehubungan
dengan hal tersebut.
2. Sektor Migas 2. Oil and Gas Sector

Hingga akhir tahun 2008 kegiatan utama Up to the end of 2008 the main activities in the
dalam pengelolaan sumur minyak tua management of Gabus oil well consists of
Gabus adalah aktivitas pembersihan dan cleaning activities and well repair work and
perbaikan sumur minyak tua serta uji produksi perform crude oil trial production from the fine
minyak. Dari program 10 sumur minyak tua wells. The result from the trial production is
tahap pertama di Lapangan Gabus yang considered not feasible for further investment
diperbolehkan untuk dilakukan pembersih- and therefore, PT ATPK Energy Resources
an dan perbaikan sumur untuk diproduksikan, and its partners decided to enhance the
hanya sekitar 6 sumur saja yang masih dapat current Up-lift & Transport contract to a PSC
diuji produksikan dan 3 sumur diantaranya type contract in the form of Joint Operation
masih cukup layak/berpotensi untuk diting- Contract with Pertamina. The main purpose of
katkan produksinya. Manajemen perusahaan the contract enhancement is to enable PT ATPK
menilai hasil tersebut belum signifikan akibat Energy Resources gain entitlement to the oil
adanya kendala baik teknis di lapangan mau- produced from the field as well as to conduct
pun adanya pembatasan penggunaan tek- exploration & production work in a deeper
nologi dari sistem kontrak kerjasama dengan formation and at wider areas, in order to
Pertamina saat ini. Oleh karena itu, PT ATPK achieve better production outcome.
Energy Resources bersama dengan mitra
kerjanya berupaya untuk meningkatkan status
kontrak kerjasama ke bentuk Kerjasama
Operasi atau Service Contract dengan pihak
Pertamina. Hal ini dimaksudkan agar anak
perusahaan Perseroan tersebut dapat melaku-
kan kegiatan eksploitasi dan produksi minyak
pada formasi batuan atau lapisan reservoir
yang berada lebih dalam di area yang lebih
luas dari yang ada saat ini, untuk menggapai
tahapan produksi yang lebih besar.
Terkait dengan upaya tersebut di atas, dalam Following the above mentioned effort, in 2008
tahun 2008 PT ATPK Energy Resources PT ATPK Energy Resources together with
bersama dengan mitra kerjasamanya yaitu partner, PT Anugrah Global Esa has obtained
PT Anugrah Global Esa telah memperoleh a recommendation from the Regent of
rekomendasi dari Bupati Grobogan, Jawa Grobogan, Central Java, to form a consortium
Tengah untuk membentuk konsorsium dengan with a Grobogan Regency state-owned
perusahaan milik Pemerintah Kabubaten company to manage the “Gabus” oil field and
Grobogan dalam rangka pengusahaan sign the KSO contract with Pertamina.
lapangan minyak “Gabus”.
Mengantisipasi peningkatan status kontrak To prepare for the enhancement of the current
kerjasama tersebut menjadi kontrak KSO contract status to become KSO contract with
dengan Pertamina, PT ATPK Energy Resources Pertamina, PT ATPK Energy Resources
juga mendirikan PT Energi Gabus Pratama established PT Energi Gabus Pratama (EGP),
35 (EGP) yang khusus akan menangani kegiatan which will be the party of the consortium with
lapangan minyak “Gabus” berlokasi di the Grobogan Regency owned company and
Kabupaten Grobogan/Purwodadi, Jawa purposely to handle the “Gabus” oil field

Tengah. PT EGP didirikan pada tanggal located in Grobogan Regency, Central Java
25 Maret 2008 dengan modal dasar Province. PT EGP was established on
Rp 1.000.000.000,- dan modal setor awal 25 March 2008 with authorized capital of
Rp 250.000.000,- yang terbagi atas 2.500 Rp 1.000.000.000 - and paid up capital of
saham, berdomisili di Jakarta Selatan dengan Rp 250.000.000, - divided into 2.500 shares,
susunan kepemilikan saham PT ATPK Energy domiciled in South Jakarta. PT ATPK Energy
Resources sejumlah 2.475 saham (99%) dan Resources own 2.475 shares (99%) of EGP
PT ATPK Power Resources sejumlah 25 saham and PT ATPK Power Resources own 25 shares
(1%). PT EGP telah memperoleh pengesahan (1%) of EGP. PT EGP duly obtained confirmation
dari Menteri Hukum dan Hak Asasi Manusia from the Ministry of Law and Human Rights
melalui surat keputusan No. AHU-24269. No. AHU-24269.AH.01.01 Year 2008 on
AH.01.01 Tahun 2008 tanggal 9 Mei 2008. 9 May 2008.
3. Sektor Kelistrikan 3. Electricity Sector

Hingga akhir tahun 2008, PT. ATPK Power Until the end of 2008, PT. ATPK Power
Resources masih dalam tahap pengembangan Resources was still in the development stage
bisnis untuk memanfaatkan potensi tenaga to make use of the geothermal energy potential
panas bumi sebagai sumber energi untuk for electricity purposes.
pembangkit listrik.
Dalam tahun 2008, PT ATPK Power Resources In 2008, PT ATPK Power Resources received
telah memperoleh rekomendasi dan per- recommendations and approval from the
setujuan baik dari Gubernur maupun Bupati Governor and Regent from North Sulawesi
kepala daerah setempat untuk melakukan and Gorontalo Province to conduct preliminary
survey pendahuluan pemanfaatan panas bumi surveys on 3 (three) geothermal areas in
di tiga lokasi wilayah panas bumi di Sulawesi. Sulawesi. The areas are located in (i) Gunung
Tiga lokasi wilayah panas bumi tersebut Ambang, Modayag District, Bolaang
berada di Gunung Ambang, Kecamatan Mongondow, (ii) in Suwawa, Bone Bolango
Modayag, Kabupaten Bolaang Mongondow, District, Gorontalo Province, and (iii) in
kemudian di Suwawa, Kabupaten Bone Gunung Dua Saudara, City of Bitung, North
Bolango, Propinsi Gorontalo dan di Gunung Sulawesi Province.
Dua Saudara, Kota Bitung, Propinsi Sulawesi
Utara.
4. Sektor Batubara & Nikel 4. Coal and Nickel Sector

a. Batubara a. Coal

Tahun 2008 terdapat beberapa hal yang In 2008, there were several obstacles
menghambat rencana produksi yang terjadi which caused delay to the production plans
di beberapa anak perusahaan Perseroan, in MIM’s subsidiaries , among others is the
antara lain usaha penyelesaian per- settlement of business disputes between the
selisihan antara anak perusahaan Per- Company’s subsidiary, namely MIM as the
seroan yaitu PT Modal Investasi Mineral holder of 70% shares of PT Sarana
(MIM) sebagai pemegang 70% saham Mandiri Utama (SMU) with the minority
PT Sarana Mandiri Utama (SMU). Peme- shareholders of SMU. The minority share-
gang saham minoritas tidak dapat me- holders has not complied with the agree-
menuhi kesepakatan yang telah ditanda- ment previously signed and agreed.
tangani sebelumnya. 36
Namun demikian manajemen Perseroan However, the Company and the sub-
dan anak-anak perusahaan terus melaku- sidiaries continue its effort to find partners
kan upaya kerjasama untuk penambangan in its coal mine. As a result, in November
dan penjualan batubara dengan para 2008 PT Mega Alam Sejahtera (MAS) has
kontraktor pertambangan. Upaya yang signed a cooperation agreement with
telah dilakukan tersebut membuahkan PT Bara Jaya Utama to mine the coal in the
hasil, antara lain pada bulan Nopember area of 3,274 Ha owned by PT MAS.
2008, PT Mega Alam Sejahtera (MAS)
melakukan kerjasama dengan PT Bara Jaya
Utama untuk melakukan penambangan

batubara atas wilayah kuasa pertam-
bangan seluas 3.274 Ha yang dimiliki
oleh PT MAS.
b. Nikel b. Nickel
• Laporan hasil penyelidikan pendahu- • The report of the preliminary ex-
luan potensi bahan galian endapan ploration for the potential of nickel
laterit nikel di daerah Kuasa Pertam- laterite mineral deposit in the area
bangan PT MIM Nikelindo Mulia di of PT MIM Nikelindo Mulia in Ulu-
Kecamatan Tojo dan Ulubongka, bongka and Tojo, Tojo Una Una,
Kabupaten Tojo Una Una, Sulawesi Central Sulawesi, done by the
Tengah, oleh Lembaga Afiliasi Penelitian Foundation for Research and Industrial
dan Industri Institut Teknologi Bandung Affiliation Institute of Technology
(LAPI-ITB) menyimpulkan bahwa daerah Bandung (LAPI-ITB) concluded that
penyelidikan tersebut tidak prospektif the area is not prospective for further
untuk endapan laterit nikel. Mengingat exploration due to insignificant nickel
keadaan lapangan yang tidak berpo- laterite deposit, and the company has
tensi untuk eksplorasi detail, manaje- decided to return the concession to the
men perusahaan telah memutuskan Local Government.
untuk tidak melakukan kegiatan eks-
plorasi lebih lanjut dan mengembali-
kannya kepada Pemerintah Daerah
Kabupaten Tojo Una Una.
Selanjutnya manajemen perusahaan Furthermore, the company has se-

telah berusaha dan mendapatkan cured new mining exploration permit
ijin kuasa pertambangan eksplorasi for area of 4,066 Ha, by the decree of
nikel baru melalui surat Keputusan Banggai Regent No. 541.15/145/DIS-

Bupati Banggai Nomor 541.15/145/ TAMBEN 13 March 2009, valid for
DISTAMBEN 13 Maret 2009 yang ber one (1) year. This mine is located in the
laku 1 (satu) tahun. Tambang tersebut Eastern District of Luwuk, Banggai
berlokasi di Kecamatan Luwuk Timur, Regent, Central Sulawesi Province.
Kabupaten Banggai, Propinsi Sulawesi
Tengah seluas 4.066 Ha.
• Laporan hasil penyelidikan di area • Preliminary exploration report of nickel

Kuasa Pertambangan nikel PT WBM mining area of PT WBM done by the
37 yang telah dilaksanakan oleh Lem- Foundation for Research and Industrial
baga Afiliasi Penelitian dan Industri Affiliation Institute of Technology
Institut Teknologi Bandung (LAPI-ITB) Bandung (LAPI-ITB) concluded that

menyimpulkan bahwa area tersebut the area is not prospective for further
tidak prospektif dan penyelidikan detail exploration, considering the
lanjutan tidak layak untuk dilaksana- laterite distribution is only within the
kan, diantaranya dikarenakan pe- 150 Ha and its nickel content insig-
nyebaran laterit hanya dalam area nificant, with the average thickness is
sekitar 150 Ha dengan kadar logam approximately 1 (one) meter.
nikel dan logam ikutannya yang tidak
ekonomis, bersifat setempat dan tidak
menyebar, dengan ketebalan rata-rata
yang dangkal yaitu lebih kurang 1 (satu)

meter.
Oleh karena itu berkenaan dengan masa Despite the validity of Nickel Mining
berlaku ijin Kuasa Pertambangan Eks- Exploration permit of PT Wahana Bumi
plorasi Nikel PT Wahana Bumi Mulia yang Mulia ends 5 February 2009, the
sampai 5 Februari 2009, manajemen management has decided not to extend the
perusahaan telah memutuskan untuk tidak particular mining exploration permits.
memperpanjang ijin kuasa pertambangan Furthermore, the management is still
eksplorasinya. Selanjutnya, manajemen working to find a new mining exploration
perusahaan sedang melakukan usaha areas.
untuk mendapatkan area tambang nikel
dan ijin kuasa pertambangan eksplorasi
yang baru.
Analisis Keuangan Financial Analysis
Analisis kinerja keuangan perseroan untuk ta- Corporate financial performance analysis for
hun buku 2008 dan 2007 diambil dari laporan the fiscal year of 2008 and 2007 taken from the
keuangan konsolidasian yang telah diaudit oleh consolidated financial statements audited by the
Kantor Akuntan Publik HLB Hadori Sugiarto Adi Office of Public Accountant HLB Hadori Sugiarto
dan Rekan yang mencakup perbandingan antara Adi and Partners:
kinerja keuangan tahun yang bersangkutan
dengan tahun sebelumnya, antara lain mengenai:
Aktiva lancar, aktiva tidak lancar, Current assets, non-current assets,

dan jumlah aktiva and total assets

Aktiva Lancar mengalami penurunan sebesar 6% Current Assets decreased 6% primarily due to the
terutama disebabkan karena perseroan belum company has not obtain profit in the year 2008
memperoleh laba pada tahun 2008 dan 2007, and 2007, so that expenditures made to finance
sehingga pengeluaran yang dilakukan untuk the operational activities of the Company almost
membiayai kegiatan operasional Perseroan ham- exclusively use cash and bank balance of the year
pir seluruhnya menggunakan kas dan bank dari 2007 owned by the Company, which resulting a
saldo tahun 2007 milik Perseroan sehingga terjadi decline of 72, 8%. in cash and bank In the Current
penurunan kas dan bank sebesar 72,8%. Pada Assets, the estimated Other Receivables, occurs a
bagian Aktiva Lancar, yaitu perkiraan Piutang Lain- significant increase, this is due to the company re-
lain, terjadi peningkatan yang cukup signifikan, classify other Receivables and other payable from
hal ini disebabkan pada tahun 2008 Perseroan third party in the year 2008. Reclassification was 38
melakukan reklasifikasi atas perkiraan Piutang applied because of the findings of fact / document
Lain-lain Pihak ketiga dan Hutang Lain-lain Pihak in the year 2008 with regard to the provision of
ketiga. Reklasifikasi ini dilakukan karena adanya loans to certain parties that are not revealed in
temuan fakta / dokumen pada tahun 2008 perihal 2007. On Current Assets, a decline of 7% due to
pemberian pinjaman kepada pihak-pihak tertentu a calculation of depreciation and amortization,
yang tidak terungkap pada tahun 2007. Untuk and deferred tax benefits. Overall, the number of
Aktiva Tidak Lancar, terjadi penurunan sebesar Assets decrease 7% in 2008 compared to the year
7% karena adanya perhitungan penyusutan dan 2007.
amortisasi, serta penurunan manfaat pajak
tangguhan. Secara keseluruhan, jumlah Aktiva

turun sebesar 7% pada tahun 2008 jika diban-
dingkan dengan tahun 2007.
Kewajiban lancar, Current liabilities and

kewajiban tidak lancar, dan non current liabilities, and
jumlah kewajiban total liabilities
Kewajiban Lancar meningkat sebesar 72% Current Liabilities increased by 72% in 2008 com-
pada tahun 2008 jika dibandingkan dengan pared to the year 2007, this is mainly due to the
tahun 2007, hal ini terutama disebabkan karena reclassification of the Company over the estimated
Perseroan melakukan reklasifikasi atas perkiraan Other Debt and Receivables Third Party and Other
Hutang Lain-lain Pihak ketiga dan Piutang Lain- Third parties such as mention above which provides
lain Pihak ketiga seperti yang kami ungkapkan the same effect on estimates other third parties Debt.
di atas yang memberikan pengaruh yang sama Non current liabilities smoothly increased by 22%
pada perkiraan Hutang lain-lain Pihak ketiga. Ke- due to increased employee benefit calculated by
wajiban Tidak lancar naik sebesar 22% karena the Company. Overall, the amount of liability of the
meningkatnya kewajiban manfaat karyawan yang Company in the year 2008 increased by 69.2%
diperhitungkan oleh Perseroan. Secara keseluruh- compared with the year 2007.
an, Jumlah Kewajiban Perseroan pada tahun 2008
meningkat sebesar 69,2% dibandingkan dengan
tahun 2007.
Penjualan dan pendapatan usaha Sales and Revenue

Pada tahun 2008 pendapatan Perseroan me- In the year 2008 the Company increased the
ningkat sebesar Rp 705.513.107,- atau sebesar income of Rp 705,513,107, - or as much as 25%
25% jika dibandingkan dengan tahun 2007. Pen- if compared with 2007. This income is a contri-
dapatan ini merupakan kontribusi dari PT MIM bution from PT MIM Geoservices Technology which
Geoservices Technology yang bergerak dibidang operates in the field of coal exploration which is
jasa eksplorasi batubara yang merupakan anak subsidiary of PT Modal Investasi Mineral and
perusahaan dari PT Modal Investasi Mineral dan PT Otoma Global Mitra engages in oil and gas
PT Otoma Global Mitra yang bergerak dibidang exploration and trade which is subsidiary of
eksplorasi minyak dan gas dan perdagangan yang PT ATPK Energy Resources.
merupakan anak perusahaan dari PT ATPK Energy
Resources.
Pada tahun 2008 dan 2007, anak-anak per- In the years 2008 and 2007, other subsidiaries
usahaan lainnya belum memberikan kontribusi have not contributed to the Company’s sales, but
penjualan kepada Perseroan, namun salah satu one of the subsidiary, PT Mega Alam Sejahtera,
anak perusahaan, PT Mega Alam Sejahtera, telah has made a cooperation contract at the end of the
39 melakukan kontrak kerjasama untuk penjualan year 2008 with PT Bara Utama Jaya for the sale of
batubara dengan PT Bara Jaya Utama pada akhir coal and and is expected to contribute Revenue for
tahun 2008 dan diharapkan dapat memberikan the Company in mid-2009.

kontribusi Pendapatan pada Perseroan pada
pertengahan tahun 2009.
Beban Pokok Pendapatan Cost of Good Sold

Beban Pokok Pendapatan Perseroan meningkat Cost of Good Sold increased by
sebesar Rp 2.052.976.372,- dimana peningkatan Rp 2,052,976,372, - where the increasing rate is
ini lebih tinggi dari pada peningkatan Pen- higher than the income of the Company Business,
dapatan Usaha Perseroan, sehingga menyebabkan causing the Company’s gross loss experience. This
Perseroan mengalami rugi kotor. Hal ini disebab- is because of increased in burden on cost of good
kan karena terjadinya peningkatan beban pokok sold of PT MIM Geoservices Technology.
penjualan di PT MIM Geoservices Technology.
Beban Usaha Operating Expense

Beban Usaha Perseroan pada tahun 2008 meng- Operating Expenses in the year 2008 experienced
alami sedikit penurunan jika dibandingkan a slight decrease compared to the year 2007,
dengan tahun 2007, yaitu sebesar 3%. Penurunan amounting to 3%. This decrease mainly due to a
ini terutama disebabkan pengurangan biaya reduction in the consultants fee in the year 2008
konsultan pada tahun 2008 jika dibanding- compared to the year 2007, where in 2007 the
kan dengan tahun 2007, dimana pada tahun Company had Limited Public Offering I.
2007 Perseroan melakukan Penawaran Umum
Terbatas I.
Laba Bersih Net Profit

Pada tahun 2008, terjadi penurunan kerugian A decline of loss as much as 43% in year 2008
sebesar 43% jika dibandingkan dengan tahun compared to the year 2007. The decline is caused
2007. Penurunan ini disebabkan oleh adanya by the decrease in the loss of fixed assets of
kerugian penurunan aktiva tetap sebesar Rp 26.698.160.981, - which was imposed in the
Rp 26.698.160.981,- pada tahun 2007 yang Company profit and loss of the mention year.
dibebankan pada laporan laba rugi Perseroan
pada tahun tersebut.
Informasi dan fakta Information on

material setelah Subsequent Events
tanggal neraca and Material Facts

• Permohonan pencabutan perkara yang • Application for annulment for the
terjadi diantara pemegang saham litigation between the shareholders of
PT Mega Alam Sejahtera PT Mega Alam Sejahtera
Berdasarkan surat Nomor 06/A-KH/FR/ Based on letter no. 06/A-KH/FR/III/2009
III/2009 tanggal 2 Maret 2009 tentang Pen- dated 2 March 2009 regarding Appeal
cabutan Akta Banding Perkara No.13/ Revocation Act No.13/Pdt/6/2007/-PN-TJR
Pdt/6/2007/-PN-TJR (Putusan) dari Kantor (verdict) from Legal Consultant Office
Bantuan Hukum Fransisco, SH. MH. & Rekan Francisco, SH. MH. & Partners, as the legal
yaitu Konsultan Hukum Pihak Tergugat yang representative of the accused, a minority of
adalah kelompok pemegang saham minoritas shareholders who have a total amount of
30% shares in PT Mega Alam Sejahtera, and
40
yang memiliki total sejumlah 30% saham
dalam PT Mega Alam Sejahtera, dan surat letter No. 018/P/RHH/III/2009 dated 30
Nomor 018/P/RHH/III/2009 tanggal 30 March 2009 on the Appeal Revocation Act

Maret 2009 tentang Permohonan Pencabutan No.1445/Pdt.G/2007/PN.Jak-Sel Jo interim
Perkara No.1445/Pdt.G/2007/PN. Jak.Sel meascure No. 320/PDT/2008/PT.DKI from
Jo putusan sela Nomor 320/PDT/2008/ Law Office of Rufinus Hotmaulana Consultants
PT.DKI dari Kantor Hukum Rufinus Hotmaulana & Partners as the legal representative of the
& Partners yaitu Konsultan Hukum Perseroan Company and PT Modal Investasi Mineral, the
dan PT Modal Investasi Mineral, para pihak parties have applied for annulment for the
telah mengajukan permohonan pencabutan litigation that occurred to the Head of the
perkara yang terjadi di antara kedua belah District Court of South Jakarta, because each
pihak kepada Ketua Pengadilan Negeri party has reached settlement outside the Court,
Jakarta Selatan, dikarenakan masing-masing as recorded in Certificate of Understanding
pihak telah mencapai perdamaian di luar per- No. 03 dated 5 November 2008 made before
sidangan yang dituangkan dalam Akta Kese- Hasan Halim, SH, M.KN Notary in Balik-
pakatan Bersama Nomor 03 tanggal 5 Nopem- papan. Currently this annnulment request is
ber 2008 yang dibuat di hadapan Hasan Halim, submitted for processing at the South Jakarta
SH, M.Kn Notaris di Balikpapan. Pada saat ini District Court.
permohonan pencabutan tersebut sedang di-
ajukan untuk diproses pada Pengadilan
Negeri Jakarta Selatan.
• Ijin Kuasa Pertambangan Eksplorasi • Nickel Mining Exploration Permit of

Nikel PT MIM Nikelindo Mulia: PT MIM Nikelindo Mulia
Laporan hasil penyelidikan pendahuluan Preliminary results of the investigation for the
potensi bahan galian endapan nikel laterite potential of mineral deposit in the nickel
di daerah Kuasa Pertambangan PT MIM laterite area at the mining area of PT. MIM
Nikelindo Mulia di Kecamatan Tojo dan Nikelindo Mulia in Tojo and Ulubongka District,
Ulubongka, Kabupaten Tojo Una-Una, Kabupaten Tojo Una Una, Central Sulawesi, by
Sulawesi Tengah, oleh Lembaga Afiliasi the LAPI-ITB concluded that the area is not
Penelitian dan Industri Institut Teknologi prospective for nickel laterite sediment. Given
Bandung (LAPI-ITB) menyimpulkan bahwa the situation that the field is not prospectful
daerah penyelidikan tersebut tidak prospektif further exploration, the company management
untuk endapan laterit nikel. Mengingat has decided not to conduct further exploration
keadaan lapangan yang tidak berpotensi activities and will return it to the Local Govern-
untuk eksplorasi detail, manajemen ment of Tojo Una Una.
perusahaan telah memutuskan untuk tidak
melakukan kegiatan eksplorasi lebih lanjut
dan mengembalikannya kepada Pemerintah

Daerah Kabupaten Tojo Una Una.
Selanjutnya manajemen perusahaan telah Furthermore, the management has been trying
berusaha dan mendapatkan area tambang to procure the mining area and nickel mining
dan ijin kuasa pertambangan eksplorasi nikel exploration permits through a letter to the
baru melalui surat Keputusan Bupati Banggai Banggai Regent’s Decree No. 541.15/145/
Nomor 541.15/145/DISTAMBEN 13 Maret DISTAMBEN 13 March 2009, valid for one (1)
2009 yang berlaku 1 (satu) tahun. Tambang year. The mine is located in the Eastern District
tersebut berlokasi di Kecamatan Luwuk Timur, of Luwuk, Kabupaten Banggai, Central
41 Kabupaten Banggai, Propinsi Sulawesi Tengah Sulawesi Province with the area of 4,066 Ha.
seluas 4.066 Ha.
• Ijin Kuasa Pertambangan Eksplorasi • Nickel Mining Exploration Permit of

Nikel PT Wahana Bumi Mulia: PT Wahana Bumi Mulia
Laporan hasil penyelidikan di area Kuasa Preliminary results of the investigation for the
Pertambangan nikel PT Wahana Bumi Mulia di potential of mineral deposit in the nickel
Kecamatan Tojo, Kabupaten Tojo Una Una, laterite area at the mining area of PT Wahana
Propinsi Sulawesi Tengah yang telah dilak- Bumi Mulia in Tojo and Ulubongka District,
sanakan oleh Lembaga Afiliasi Penelitian dan Kabupaten Tojo Una Una, Central Sulawesi, by
Industri Institut Teknologi Bandung (LAPI–ITB) LAPI-ITB concluded that the area is not pros-
menyimpulkan bahwa area tersebut tidak pective and further investigation is not
prospektif dan penyelidikan lanjutan tidak necessary, because the Laterite sediment is
layak untuk dilaksanakan, di antaranya di- only in the distribution area of 150 Ha and
karenakan penyebaran laterit hanya dalam its nickle content are not considered valuable,
area sekitar 150 Ha dengan kadar logam with the average thickness of approximately
nikel dan logam ikutannya yang tidak eko- 1 (one) meter.
nomis, bersifat setempat dan tidak menyebar,
dengan ketebalan rata-rata yang dangkal
yaitu lebih kurang 1 (satu) meter.
Oleh karena itu berkenaan dengan masa Therefore, in connection with the validity
berlaku ijin Kuasa Pertambangan Eksplorasi period of Nickel Mining Exploration permit of
Nikel PT Wahana Bumi Mulia yang sampai PT Wahana Bumi Mulia that ends on 5 Fe-
5 Pebruari 2009, manajemen perusahaan bruary 2009, the Company’s management has
telah memutuskan untuk tidak memperpanjang decided not to extend the mining exploration
ijin kuasa pertambangan eksplorasinya. permits. Subsequently, the management is
Selanjutnya, manajemen perusahaan sedang aiming to get a new permission for nickel
melakukan usaha untuk mendapatkan area mining exploration.
tambang nikel dan ijin kuasa pertambangan
eksplorasi yang baru.
• Laporan Keterbukaan Informasi • Information Disclosure Report

Pada tanggal 19 Januari 2009 manajemen On 19 January 2009 the Company’s manage-
telah menunjuk Deloitte Financial Advisory ment appointed Deloitte Financial Advisory
Services LLP (“DTFAS”) untuk melakukan Services LLP (“DTFAS”) to carry out a Forensic
Tinjauan Forensik (Forensic Review) atas Review on several matters, especially on the
beberapa hal, khususnya atas masalah yang case which caused the qualification in
menjadi dasar kualifikasi dalam opini auditor auditor’s opinion in the Company’s Financial

atas laporan keuangan Perseroan untuk Report for financial year ended on 31 Decem-
tahun buku yang berakhir pada tanggal ber 2007, specifically on third party account
31 Desember 2007, khususnya piutang pihak receivable and advance payments.
ketiga dan uang muka.
Dasar dan latar belakang dilakukannya The fundamental and the background of the
Tinjauan Forensik adalah karena adanya Forensic Review are the findings of data and
temuan berupa data dan dokumen keuangan financial documents that belong to the
milik Perseroan dan pihak ketiga lain setelah Company and other third parties, that found
Bapak Azahar Bin Zaini, Direktur Keuang- after the Company’s Financial Director,
an Perseroan, meninggal dunia pada tanggal Mr. Azahar Bin Zaini, passed away on 42
9 Nopember 2008. Data dan dokumen ter- 9 November 2008. Most of the data and
sebut sebagian besar merupakan bukti-bukti documents are valid supporting documents
pendukung pengeluaran dana Perseroan yang from the Company’s fund outflow occurred in
dilakukan pada tahun 2007 dan 2008 yang the year 2007 and 2008, which are leading
memberikan dugaan kuat adanya kemung- to a strong presume possibility of act against
kinan tindakan melawan hukum yang dilaku- the law committed by the Company’s con-
kan oleh pemegang saham pengendali trolling shareholders.
Perseroan.
Berdasarkan temuan di atas maka pada Based on the findings mentioned above, on
tanggal 23 Desember 2008, dalam Rapat 23 December 2008, in the Company’s Board
Direksi Perseroan, telah diputuskan oleh of Director Meeting, the Board of Director
Direksi Perseroan untuk melakukan upaya decided to carry out an effort to prove that
pembuktian adanya tindakan melawan hukum the act against the law which was committed
yang dilakukan oleh pemegang saham peng- by the Company’s controlling shareholders
endali Perseroan sebagaimana dijelaskan di was occurred, as mentioned above. Followed
atas tersebut disertai dengan upaya hukum by legal action when necessary and must be
yang dianggap perlu dan harus dilakukan carried out by the Company’s Board of
oleh Direksi Perseroan untuk mengamankan Director to save and protect the Company’s
dan melindungi harta Perseroan. Untuk tujuan property. In order to accomplish the task, the
tersebut, maka Rapat Direksi Perseroan me- Company’s Board of Director Meeting decided
mutuskan untuk menunjuk konsultan yang me- to appoint a consultant with an international
miliki reputasi internasional untuk melaksana- reputation to execute the Forensic Review as
kan Tinjauan Forensik maupun Tinjauan Hukum well as Legal Review to achieve such target.
(legal review) untuk mencapai upaya di-
maksud.
Sesuai dengan Peraturan Bapepam & LK No. In accordance with Bapepam & LK regulation
X.K.1, Direksi Perseroan berkewajiban untuk number X.K.1, the Company’s Board of
menyampaikan Keterbukaan Informasi kepada Director oblige to convey the Information Dis-
Bapepam dan LK serta mengumumkan ke closure to Bapepam & LK and also to public
publik atas permasalahan sebagaimana di- regarding the problem explained above. In
uraikan di atas. Untuk itu, Direksi Perseroan that matter, the Company’s Board of Director
telah menyampaikan ke Bapepam dan LK has conveyed the Information Disclosure to
Keterbukaan Informasi tersebut pada tanggal Bapepam & LK on 9 June 2009. A copy of
9 Juni 2009. Keterbukaan Informasi ke the Information Disclosure to Bapepam is
Bapepam dan LK tersebut kami sertakan provided as an Addendum to this Annual
sebagai tambahan dalam laporan tahunan ini Report for the perusal of the shareholders.
untuk kepentingan para pemegang saham.
Kebijakan Dividen Dividend Policy
Dengan tidak mengabaikan tingkat kesehatan Without disregarding the level of Company’s
keuangan Perseroan dan tanpa mengurangi hak financial condition and without reducing the right
Rapat Umum Pemegang Saham Perseroan untuk of the Company’s General Meeting of Share-
menentukan lain sesuai dengan ketentuan Angga- holders to make other decision in accordance with
43 ran Dasar Perseroan, kebijakan pembagian divi- the Company’s Article of Association, the policy for
den adalah sebagai berikut: dividend distribution is as follow:
Dividen tunai terhadap laba

Laba bersih setelah pajak bersih setelah pajak /
earning after tax Cash dividend to the earning
after tax
Sampai dengan / Up to
30%
Rp 5.000.000.000,-
Lebih dari / More than

20%
Rp 5.000.000.000,-
Kebijakan pembagian dividen tersebut diatas tidak The dividend distribution policy mentioned above
mengalami perubahan sejak Penawaran Umum is unchanged since the Company’s Initial Public
Saham Perdana Perseroan. Offering.
Perseroan tidak melakukan pembagian pada tahun The Company did not distribute dividend in the
2008 dan 2007 disebabkan akumulasi laba fiscal year 2008 and 2007 due to the Company’s
Perseroan masih bersaldo negatif. earning accumulation was still in negative
balance.
Kegiatan Pemasaran Marketing Activities

dan Pangsa Pasar and Market Share
Sektor Batubara Coal Sector
Memperhatikan situasi pasar batubara di kawasan Concerning of coal market in the Asia-Pacific region
Asia Pacific maupun di lokal/domestik, dimana and in domestic, where the demand for coal con-
permintaan akan batubara senantiasa akan tinues to increase, mainly triggered by the in-

mengalami kenaikan, terutama dipicu oleh creasing development of coal-fueled power plants
peningkatan pembangunan pembangkit listrik in Asia Pacific countries and also in domestic
berbahan bakar batubara di negara-negara Asia market.
Pacific dan domestik.
Strategi Perseroan didalam pengusahaan The Company’s strategy in mining (and trading) of
pertambangan (dan perdagangan) batubara coal are:
adalah:
• Memprioritaskan akuisisi perusahaan yang • To prioritize the acquisition of company that
memiliki izin usaha pertambangan, baik has licence in coal mining, both exploration
eksplorasi maupun eksploitasi/produksi. and exploitation / production. In this case the
44
Dalam hal ini Perseroan akan memilih Company will select companies that have
mengakuisisi perusahaan yang memiliki izin acquired permits and potential, in terms of
dan diyakini memiliki potensi, baik dari sisi reserves, quality and logistical conditions.
cadangan, kualitas dan kondisi logistik. • Addition to the acquisition, the Company will
• Disamping akuisisi, Perseroan juga akan also make the development of coal mining with
melakukan pengembangan tambang batubara “green-field” mode, where the Company will
dengan model “green-field”, dimana conduct development from initial permit until
Perseroan melakukan pengembangan dari nol exploitation / production permit and sales /
sampai status eksploitasi/produksi dan exports licences.
penjualan/ekspor.
Perseroan memiliki keyakinan bahwa The Company is confident despite of the new
walaupun terdapat banyak pesaing dibidang competitors in coal mining, that the coal
tambang batubara, pasar batubara akan market will remain available for the new
senantiasa tersedia bagi para penambang miners. Thus, just like oil, markets and com-
baru. Dengan demikian, seperti halnya petitors is not an obstacle for the Company
minyak bumi, pasar dan pesaing bukan to start this business. What is deemed im-
merupakan kendala bagi Perseroan untuk portant by Company in the sector of coal
memulai usaha disektor ini. Yang perlu mining, or the key to success are as follows:
diperhatikan oleh Perseroan didalam
pengusahaan sektor pertambangan batubara,
atau kunci keberhasilan adalah:
• Penguasaan teknologi, SDM dan sumber • Control towards technology and adequate
daya modal yang memadai. human resources and capital resources.
• Memiliki keberanian mengambil dan • Having the courage to take risks and finance
membayar resiko teknis/eksplorasi dan the technical / commercial exploration and to
resiko komersial. take commercial risks.
• Mampu memperoleh lapangan/area • To be able to obtain field / mining area which
tambang yang diperkirakan memiliki is estimated to have and adequate reserve &
kecukupan cadangan & kualitas serta quality proportional with the amount & quality
prakiraan biaya produksi dan logistik yang of generated coal reserves.
sepadan dengan jumlah cadangan &
kualitas batubara yang akan dihasilkan.
Sektor Migas Oil and Gas sector
Sadar akan keterbatasan penguasaan teknologi, Aware of the limitation of technology, human
keterbatasan kemampuan SDM dan keterbatasan resources and capital, the Company’s strategy,
sumber daya modal yang dimiliki Perseroan, maka particularly in the sectors of oil (and gas) is to
strategi Perseroan, terutama didalam pengusahaan embrace towards minority interest acquisition
sektor minyak (dan gas bumi) tersebut adalah or strategic cooperation with the producing oil
dengan merangkul, dalam bentuk akuisisi minority companies.
interest dan kerjasama strategis, perusahaan
minyak yang telah berproduksi.
Perseroan belum akan memasuki wilayah eksplo- It is the policy of the Company for not to enter into
rasi yang memiliki resiko sangat tinggi, membu- the high-risk exploration busines which requires
tuhkan SDM khusus dan investasi yang sangat international standard equipments, high skilled
45 besar. Di dalam merealisasikan strategi tersebut, human resources and large investment. In realizing
Perseroan akan bekerjasama dengan pihak Pe- this strategy, the Company will work alongside the
merintah Daerah yang memiliki potensi migas, Regional Government that has proven oil and gas
melalui Perusahaan Daerah atau Badan Usaha potential through its Regional Owned Companies
Milik Daerah (BUMD) yang bersangkutan. (BUMD).
Berdasarkan beberapa peraturan perundangan, Based on several legislation, Local Government

Pemerintah Daerah melalui Perusahaan Daerah through its state-owned company or BUMD have
atau BUMD memiliki hak untuk menguasai the right to farm-in 10 percent Participating
10 persen Participating Interest dari setiap Interest in every oil company that operates in its
perusahaan minyak yang beroperasi didaerah region and has obtained “POD” (Plan of Develop-
yang bersangkutan dan telah memiliki status “layak ment) approval from BP Migas. POD approval from
operasi” yang terkenal dengan istilah “persetujuan BP Migas means the oil company has implemented
POD” (Plan of Development). Status layak operasi and finished all phases of technical exploration and
atau persetujuan POD berarti perusahaan minyak commercial studies on its field and that the field
yang bersangkutan telah melaksanakan seluruh is feasible for further exploitation and production.
tahapan eksplorasi teknis dan kajian komersial As mentioned earlier, POD approval means that
pada lapangan migas yang bersangkutan dan it has duly obtained the approval from BP Migas
berkesimpulan bahwa lapangan tersebut layak and teMinister of ESDM as a representative of the
untuk dilanjutkan operasinya ketingkat eksploitasi Government and a regulator in the field of oil and
dan produksi dan telah pula memperoleh gas.
persetujuan pihak BP Migas dan Menteri ESDM
sebagai wakil Pemerintah dan regulator dibidang
pengusahaan minyak (dan gas bumi).
Walaupun 10 persen kepemilikan atau Although a 10 percent ownership or Participating

Participating Interest merupakan bagian yang Interest in an operation of an oil company is con-
kecil akan tetapi harga yang harus dibayar oleh sidered small, but the cost/investment paid by the
pihak Perusahaan Daerah atau BUMD adalah Company or the Regional BUMD is calculated from
biaya historis (historical cost) dari seluruh biaya the sum of historical cost that have been issued
yang telah dikeluarkan oleh perusahaan minyak by oil companies or KKKS (Contractor Contract Co-
atau KKKS (Kontraktor Kontrak Kerja Sama) yang operation) todate without additional agio or Good-
bersangkutan (sunk cost) tanpa tambahan agio will. In addition, such oil and gas field has passed
atau goodwill. Disamping itu, lapangan migas the POD approval from BP Migas, which means
dimaksud telah berstatus “layak operasi” yang that it has gone through all phases of technical and
berarti telah melalui seluruh tahapan resiko commercial risks. Thus, the ownership of oil fields
teknis dan komersial. Dengan demikian maka by the Company together with the Perusda BUMD
kepemilikan atas lapangan minyak bumi oleh meas that the oil and gas field has already:
Perseroan bersama dengan pihak Perusda atau

BUMD merupakan pemilikan atas lapangan migas
yang:
• telah beroperasi, • been operating,
• telah memiliki pasar, dan • acquired market, and
• memiliki tingkat pengembalian modal (internal • gain a similar return on investment (internal
rate of return) yang sama dengan tingkat rate of return) as received by the oil company
pengembalian modal KKKS yang ber- itself, which is usally in a range of 30 percent.
sangkutan, biasanya kurang lebih 30 persen.
Sektor Kelistrikan Electricity Sector 46

Secara historis, struktur pasar listrik di Indonesia Historically, the market structure of electricity in
dikuasai oleh hanya 2 (dua) pasar yang besar, Indonesia has been dominated by two (2) big
yaitu PLN dan Industri yang membutuhkan pasokan players, PT PLN (Persero) and industries which
daya listrik untuk keperluan sendiri, IUKS atau requires electrical power supply for its own pur-
Captive Power Plant/CPP. Walaupun Undang- poses or Captive Power Plant / CPP. Although the
Undang serta Peraturan Perundangan yang rules and regulations in the electricity sector in
mengatur keberadaan sektor kelistrikan di Indonesia has stipulated opportunities for the
Indonesia sudah memberikan peluang bagi benefit of the Regional Government, however, due
Pemerintah Daerah, sesuai kewenangannya to the limitations of transmission lines and distri-
(Provinsi, Kabupaten atau Kotamadya) untuk bution networks, the Regional Government has
menjadi pasar listrik, akan tetapi karena not been able to be a significant market player in
keterbatasan jaringan transmisi dan distribusi electricity sector, as mandated by the Law and
yang dimilikinya, maka Pemerintah Daerah Regulations.
yang bersangkutan belum dapat bertindak
sebagai pasar listrik sebagaimana diamanat-
kan oleh Undang Undang dan Peraturan Per-
undangannya.
Karena PT PLN (Persero) merupakan pemegang Since PT PLN (Persero) is a holder of the elec-
Kuasa Usaha Kelistrikan Nasional sesuai UU tahun tricity authority in Indonesia in accordance with
1985, dan merupakan pemegang monopoli usaha the Electricity Law 1985, and is the holder of the
kelistrikan negara sebelum UU tersebut, maka monopoly for national electricity before the said
dengan sendirinya seluruh jaringan transmisi dan Law, therefore, the entire transmission and distri-
distribusi yang ada saat ini merupakan harta bution network is currently the property and asset of
PT PLN (Persero). PT PLN (Persero).
Dimulai pada tahun 1992, sejak diterbitkannya Started in 1992, since the publicity of Government
Peraturan Pemerintah No. 10/1989 tentang listrik Regulation No. 10/1989 regarding private
swasta maka mulailah era Pembangkit Listrik electricity, signalling the era of Private Power in
Swasta di Indonesia atau dikenal dengan istilah Indonesia or better known as Independent Power
Independent Power Producer/IPP. Karena PT PLN Producer / IPP. Because PT PLN (Persero) is the
(Persero) merupakan pemilik jaringan transmisi dan owner of the transmission and distribution network
distribusi serta satu-satunya perusahaan yang and the only company that carry out integrated
melaksanakan seluruh kegiatan administrasi dan management and administrative activities and
operasi pemasaran sampai kepada konsumen operations to from the power generation section up
akhir (rumah tangga, industri, pemerintah, dll) to the end-user (households, industry, government,
diseantero negeri, maka pasar tenaga listrik di etc.) throughout the country. Therefore, the elec-
Indonesia dengan sendirinya dikuasai oleh PLN. tricity market in Indonesia is still dominated by
PLN.
Sampai saat ini belum ada satupun pembangkit There is no private power plant, developed by
listrik swasta atau Pemerintah Daerah yang Local Government or the private sector that are
sanggup melaksanakan penjualan daya listrik able to conduct the management of an integrated
yang terintegrasi dari sisi pembangkitan, transmisi, electric power covering generator, transmission,
distribusi dan retail sampai kepada konsumen distribution and retail/sales to end-user.
akhir.
47 Dari penjelasan diatas dapat ditarik kesimpulan From the above explanations, we conclude that in
bahwa dalam kurun waktu kedepan, pasar listrik di the near future, the electricity market in Indonesia
Indonesia masih akan dikuasai oleh PLN. Dengan will, however, be dominated by PLN. Therefore,
demikian maka para pengembang listrik swasta private power plant developer would have to deal
masih harus berurusan dengan PLN dalam upaya with PLN in offering their private electricity plan.
menjual listrik yang dihasilkannya.
Strategi Perseroan di sektor kelistrikan di- The Company’s Strategy in the Electricity
prioritaskan pada: Field is prioritized in:
• Akuisisi perusahaan yang telah atau akan • The acquisition of companies that possess or
menandatangani Perjanjian Jual Beli Listrik about to sign the Power Purchase Agreement
dengan PLN (Power Purchase Agreement / (PPA) with PLN.
PPA).
• Selain akuisisi di atas, Perseroan akan meman- • In addition to the acquisition, the Company
faatkan beberapa Peraturan Perundangan will utilize some article stipulated in the Regu-
yang baru diterbitkan di tahun 2005 sampai lations issued in 2005 until 2009 which pro-
tahun 2009 yang memberikan kesempatan bagi vide the opportunity for the private sector to
pihak swasta untuk mengembangkan IPP develop the IPP on a direct appointment basis
dengan modus penunjukan langsung oleh PLN. by PT PLN (Persero). In other words, the Com-
Dengan kata lain, Perseroan akan mengem- pany will develop eligible IPP project which is
bangkan proyek IPP yang memenuhi syarat directly appointed by the PT PLN (Persero).
penunjukan langsung oleh PLN.
• Sebagai prioritas terakhir, apabila me- • The last priority is, provided it is technically
mungkinkan dari sisi teknis dan pendanaan, and financially possible, the Company will
Perseroan akan berpartisipasi pada lelang IPP participate in a competitive bidding held by
yang diselenggarakan oleh PLN. Kunci PT PLN (Persero). The key to the success in
keberhasilan pengusahaan sektor kelistrikan the private electricity sector is not the market,
bukan pada pasar, tetapi pada keberhasilan but the success of the Company in finding
Perseroan menemukan perusahaan yang telah another company that possessed signed PPA
menandatangani PPA akan tetapi masih but requires funding to implement the project
membutuhkan bantuan dana untuk meng- appropriately, on time, and feasible from the
implementasikan proyeknya secara tepat technical and commercial point of view. The
anggaran, tepat waktu serta layak dari sisi other key to success is the ability to develop
teknis maupun komersial. Kunci keberhasilan IPP project which qualify the direct appoint-

lain adalah kemampuan mengembangkan ment conditions in accordance with the above
proyek IPP yang memenuhi syarat penunjukan mentioned regulations.
langsung sesuai Peraturan Perundangan
diatas.
LAPORAN Disclosure of
Keterbukaan Informasi Information
Berikut ini merupakan Laporan Direksi Perseroan Below is the Company’s Board of Director Disclo-
sehubungan dengan Peraturan Bapepam dan sure of Information (Keterbukaan Informasi) report
48
LK No. X.K.1, tentang kewajiban untuk menyam- in order to comply to Bapepam and LK rule No.
paikan Keterbukaan Informasi kepada Bapepam X.K.1, addressed to Bapepam and LK, copy to
dan LK serta mengumumkan kepublik atas perma- Indonesia Stock Exchange and to public re-
salahan Perseroan yang diserahkan ke Bapepam garding the Company’s legal and commercial
dal LK pada tanggal 9 juni 2009. problems which has been submitted to Bapepam
and LK on 9 June 2009.
49
50
51
52
53
54
55
56
Full Disclosure report in compliance with Bapepam and LK regulation No. X.K.1 concerning
the account of Advance to Contractor (“Advance”) and account Receivables to Third Party
(“Other Receivables”) in the audited financial report of PT ATPK Resources Tbk (“ATPK”) for
the year end December 31, 2008 associated with certain third parties.
1.) PREFACE
We refer to ATPK audited financial statement for the year end December 31, 2008 (“FY08”) audited by
Hadori Sugiarto Adi & Rekan (“HSAR”). In its report to ATPK shareholders, Board of Directors and Board
of Commissioner dated May 28th, 2009, HSAR expressed qualified opinion as to the Advance account
(RP 73.399.523.500,-) and other Receivables (RP 38.183.072.643,-). Enclose as Attachment No. 2 is
HSAR audit opinion on ATPK FY08.
We also refer to the Forensic Review done by Deloitte Financial Advisory Service LLP (“Deloitte”) which,
based on ATPK’s instruction dated January 19, 2009, has conducted an investigation on certain Corporate
issues which were considered important, among others those concerning the issue of Advance account and
Other Receivables which was the target of the above audit qualifications.
Based on the forensic review, legal advise from ATPK legal advisor as well as additional information
originated from a number of document and additional data found in the computer memory and
correspondence file in the office of the late Mr. Azahar bin Zaini (the then Financer Director, passed away
on November 9th, 2008), ATPK strongly believe that there has been indication of systematically illegal
action committed by the controlling shareholder lead by Tan Sri Amin Shah bin Omar Shah (“TSAS”)
together with companies and individuals allegedly associated with TSAS (“TSAS Group”) especially
related to the Advance and Other Receivables account. ATPK believes that the basis and indication data
for the above is elaborated in this report.
The purpose of this report is to comply to Bapepam and LK rule No. X.K.1 which requires ATPK to submit its
Disclosure of Information report to Bapepam and LK as well as to announce to the public sector concerning
the issues mentioned above. Furthermore, ATPK also report its mediation effort and legal actions which
has been executed to date and will be executed in the future related to the recovery of ATPK funds which
were allegedly obtained by TSAS and or TSAS Group in an illegal manner.
2.) BACKGROUND INFORMATION
ATPK, formerly known as PT Anugrah Tambak Perkasindo Tbk, was established in Medan on 12 January
57 2008. In calendar 2001 ATPK went public and listed on the Jakarta Stock Exchange (Bursa Effek Indonsia
currently known as “IDX”). On 17 April 2006, the founding shareholders of ATPK sold their entire
interest of approximately 275 million shares (out of a then total of 410.5 million shares) to Hopaco
Properties Limited (“Hopaco”), Pearson Assets Group (“Pearson”), Coraledge Resources Limited
(“Coraledge”), and Chenet Finance Limited (“Chenet”). Hopaco, Pearson, Coraledge and Chenet are
special purpose offshore vehicles beneficially controlled by TSAS, a Malaysian citizen with interests in
mining assets in Africa, Latin America, and the Philippines, and in Dayen Environmental Limited, a water
treatment company based in Singapore and listed on the Singapore Stock Exchange-Catalyst. In this letter,
TSAS together with companies and individuals associated with him are referred to as the TSAS Group.
Following completion of the acquisition of a controlling interest in ATPK by the TSAS Group, in July 2006
ATPK moved its headquarters from Medan to Jakarta and changed its operating license from agricultural
development to resource development and mining. In December 2006 ATPK proceeded to acquire 97%
of the paid up capital of PT Modal Investasi Mineral (“MIM”), a company involved, inter alia, with coal
mining in Kalimantan and South Sumatera. MIM together with its subsidiary companies were acquired
from parties associated with the TSAS Group. The acquisition of MIM was funded by Rexy Finance
Limited (“Rexy”), a company controlled by TSAS, and finalized in May 2007, thus completing the
transformation of ATPK from and agricultural to a coal and oil&gas mining, and power generation
company. The organizational structure of ATPK, MIM and various mining subsidiaries of MIM are provided
in Attachment 1 to this letter.
On 30 June 2007 the shareholders’ of ATPK agreed to a 1 for 1 rights issue (“HMETD”) at IDR445 a
rights share, in order to raise approximately IDR 182 billion to fund the development of coal mines in
Kalimantan and South Sumatra acquired under MIM and to explore opportunities in oil&gas. The HMETD
came with free warrants attached, whereby shareholders were offered 1 warrant for each three rights
shares subscribed, at a conversion price of IDR200 a new share. In support of the rights issue, on 23 June
2007, Hopaco, Pearson and Coraledge, individually issued letters of commitment in favor of PT Antaboga
Delta Sekuritas Indonesia (“Antaboga”), the lead underwriter of the HMETD, undertaking to underwrite
the rights issue. At the launching of the HMETD the interests of the TSAS Group in the paid up capital of
ATPK were reported at 75.82% and were represented by Hopaco (for 27.42%), Credit Suisse Singapore
TR AC Client (“CS TRAC”, representing TSAS Group interests, for 42.86%) and Mincorp PLC (“Mincorp”,
an AIMS-London listed mining company beneficially controlled by TSAS, for 5.54%). The offer period for
the HMETD was 13 July 2007 to 21 August 2007, as a result of which 410.5 million rights shares were
issued by ATPK on 21 August 2007. As a result of the rights issue and the conversion of some of the
warrants, at present the total paid up capital of ATPK is represented by approximately 831 million shares
listed on the IDX.
Of the total proceeds of the rights issues of IDR182 billion approximately 3% were allocated to the payment

of underwriting fees and legal expenses associated with the rights issue. Of the total proceeds 22.4% were
utilized by ATPK to pay outstanding loan obligations of IDR 33.1 billion owing by ATPK to Rexy, associated
with the acquisition of its controlling interest in MIM, and to fund operating expenses, equipment leasing,
and other fixed expenses of ATPK.
ATPK allocated approximately 69.6% of the total proceeds to MIM to be utilized as follows:
i. MIM utilized approximately 18.1% to pay for operating expenses, equipment leasing, and to settle
certain loan obligations of IDR8.8 billion owing to Rexy, and associated with certain operating
expenses of MIM;
ii. MIM distributed the balance of 72.3% as loans to MIM subsidiaries to pay for development 58
expenditures, operating expenses, equipment leasing, etc. Details of the allocation of rights proceeds
to MIM subsidiaries was provided in the HMETD prospectus, as follows:
PT Sarana Mandiri Utama (“SMU”) IDR13.5 billion

PT Tuhup Coal Mining (“TCM”) IDR11.5 billion
PT Saptajaya Menjak Sengewari (“SMS”) IDR2.1 billion
PT Mega Alam Sejahtera (“MAS”) IDR22.2 billion
PT Damanka Prima (“Damanka”) IDR30.3 billion
PT MIM Geoservice Technology (“MIM Geo”) IDR1 billion
PT Wahana Bumi Mulia (“WBM”) IDR6.8 billion
PT MIM Nikelindo Mulia (“MIM Nikelindo”) IDR4.7 billion
In addition to above allocations, two wholly owned subsidiaries of ATPK, PT ATPK Power Resources
(“ATPK Power”) and PT ATPK Energy Resources (“ATPK Energy”), received IDR4.5 billion each to develop
certain oil and gas and power generation related opportunities, and to pay for development expenditures,
operating expenses, equipment leasing, etc.
3) FORENSIC REPORT
3.1 ON THE ADVANCE PAYMENT
The FY08 audited accounts of ATPK by HSAR shows that amounts totaling of IDR73,399,523,500 has
been paid as Advance Payment by certain ATPK and MIM subsidiaries to three mining contractors
(“Contractors”) namely: PT Graha Citra Sejahtera (“GCS”) for IDR25.2 billion, PT Paspro Lintas
Sarana (“Paspro”) for 19.0 billion, and PT Karya Sukses Nusantara (“KSN”) for IDR28.9 billion. The
qualification by HSAR of the Advance Payment is due to the lack of supporting documentary evidence for
the above transfers, and the non-performance to date of any significant services by any of the above three
Contractors.
The background of Advance Payment transactions that has been known and agreed by the management
of ATPK as above mentioned is described below:
1. On (approximately) 5 August 2007, before the end of the Right Issue period, TSAS informed
Dr. Wasisto Budiharsoyo (“Wasisto”), as the President Director of ATPK and the late Azahar bin
Zaini (“Azahar”), as the Finance Director of ATPK that Hopaco, Pearson and Coraledge experienced
funding problems and therefore would need 3 (three) months to obtain the funds that were needed to
pay for their entitlement of approximately 75.82% of the ATPK HMETD.
2. On 11 August 2007, at a meeting held between ATPK, Thanggaya, Khoo & Co., legal counsel to the
TSAS Group, the parties agreed to make and implement a financial engineering plan (the “Plan”) as
suggested by Antaboga to facilitate the completion of the rights issue while providing the TSAS Group
the 3 (three) months period it needed to raise the requisite funding to pay for its rights entitlement.
3. The Plan required fresh funds originating from Antaboga and the establishment of 3 (three) legal
entities outside ATPK namely GCS, Paspro, and KSN, who were acting as Contractors that would
sign mining contracts with several ATPK subsidiaries, namely SMU, Damanka, TCM, and MAS.
4. The right issue proceeds, net of fees of IDR179 billion from Antaboga were transferred to ATPK and
its subsidiaries in accordance with the HMETD prospectus. The fund then was paid by SMU,
Damanka, TCM and MAS to three contractors as part of Advance Payment. With the above
mentioned payment to the three Contractors, then the Plan had been successfully completed. The
Funds of Advances that were allocated to three contractors should be kept by the three Contractors
until TSAS and TSAS Group had managed to have such amount to fulfill its payment obligation.
5. The establishment of the 3 (three) Contractors’ legal entities, namely GCS, Paspro and KSN were
59 facilitated by Antaboga (the three Contractors were initially established on February 2007). In order
to ensure that the three Contractors are still under the control of ATPK and Antaboga, therefore on
10 August 2007, Azahar, with Wasisto’s knowledge, appointed the new shareholders and
management for the three Contractors and Antaboga appointed Century Bank as the bank that
managed the accounts for the three Contractors.
6. The scheme of the above Plan was approved by TSAS, acknowledged and signed by Wasisto,
Azahar, and Raymond Bernardus (“Raymond”) as the Directors of the ATPK and MIM as enclosed
in the Enclosure No. 3 of this Letter.
7. In accordance with the Plan, after the completion of the Right Issues on 21 August 2007, during the
period of September – December 2007, ATPK had been requesting TSAS and TSAS Group to settle
their obligations, being to repay the fund in the amount of IDR 73 billion to ATPK by the annulment
of mining contracts and the return of the Advance Payment by the 3 (three) Contractors to SMU, TCM,
Damanka, and MAS. The repayment of fund in the amount of IDR73.1 billion was to obtain the
Proceed of the Right Issues in accordance with the prospectus of the appropriation of funds derived
from the right issues and to avoid FY07 qualification of the ATPK by HSAR.
8. The same effort, being by billing to TSAS and TSAS Group to return their obligations have been
conducted by ATPK during 2008 without any considerable result, saved for a small portion of funds
returned to carry out land acquisition on MAS and for Over Burden Peeling works in Damanka.
9. The recovery effort had been continuously performed by ATPK since September 2007 and found a
turning point after Azahar died on 9 November 2008. After obtaining access to Azahar’s
correspondence documentation, ATPK found out that there had been several transactions by and
between the 3 Contractors with Antaboga, PT Tataguna Cipta Selaras (“TCS”), Hopaco, Coraledge,
Mincorp, and Pearson, as described below.
Pursuant to the review of the Forensic Report made by Deloitte, studies and reviews by ATPK’s
management as well as advices and recommendations from ATPK’s legal consultant over documents, data
and information extracted from Azahar’s laptop, the following is concluded:
a. The TSAS Group for then purpose of the Advance, being Hopaco, Mincorp, Pearson, Coraledge and
Rexy wrote a letter to Antaboga requesting Antaboga to provide them with funds in form of bridging
finance in the amount of IDR 114.9 billion (“Loan”) and to allocate IDR 25.8 million shares of ATPK to
Hopaco (112.5 million shares), Mincorp (22.8 million shares), Coraledge (28.9 shares) and the
remaining is to Rexy (94.2 million shares).
b. Further, as mentioned above, funds in the amount of IDR179 billion were transferred by Antaboga to

ATPK and ATPK’s subsidiaries in accordance with the Right Issues prospectus and in the amount of
IDR 73.1 billion was then disbursed as Advance Payment to KSN, GCS and Paspro.
c. Pursuant to the written order from Azahar dated 21 August 2007, KSN, GCS and Parpro transferred
the entire IDR 73.1 billion to TCS. Up until now, the existence of TCS has never been known to
ATPK’s management (except by Azahar).
d. The transfer of IDR 73.1 billion by the three Contractors to TCS was executed based on a share sale
and purchase transaction (“Share S&P”) among each of the Contractor and TCS over 164,201,398
shares of ATPK.
e. TCS also signed a Share S&P with Antaboga, which TCS paid IDR 73.1 billion to Antaboga as a
payment of 164,201,398 shares of ATPK, however ordered Antaboga to transfer ATPK’s shares to
Hopaco of 112.5 million shares, Mincorp of 22.8 million shares and Coraledge of 28.9 million 60
shares.
f. The above instruction made by Azahar to the three Contractors as well as the documents/data/
information contained in Azahar’s laptop has never been acknowledge nor approved by ATPK’s
management and is not the scheme of the Prospectus as acknowledge and approve by ATPK’s
management as mentioned above.
g. Regarding the shares for Rexy of 94.2 million shares amounting to IDR41,9 billion, since it was a
settlement of ATPK’s debt (IDR8.8 million) and MIM’s debt (IDR33.1 billion) to Rexy, this will not be
ATPK’s concern and is not the target of this legal action.
Based on the above explanation, the Proceeds of fund for the right issues designated for capex and opex
of MIM’s subsidiaries, among others, Damanka, TCM, MAS and SMU in the mount of IDR 73.1 billion
has been systematically transferred to finance the shares acquisition by the TSAS Group. Technically, the
164,201,398 shares resulting from the Right Issues were acquired by Hopaco, Mincorp and Coraledge
without any cost.
Every ATPK’s effort to resolve the situation as mentioned since September 2007 did not achieve any result.
After Azahar died, the Directors of ATPK being Wasisto and Raymond have met with TSAS in several
occasions in Singapore and Hongkong on November and December 2008 to discuss the above matters.
In his email to TSAS and the TSAS Group dated 26 November 2008, Raymond as the Director of ATPK
requested that the matter arising from the above Advance Payment together with Account Receivables
matters must be settled before 20 December 2008.
Since there was not any sufficient response from TSAS, the Directors of ATPK convened the Board of
Directors meeting on 23 December 2007 and issued a resolution to perform internal and confidential
forensic audit (for internal purpose) as well as to seek legal advices and recommendations from an
advocate and law office regarding several matters involving ATPK on one side and TSAS and TSAS Group
on the other side, including the matters over Advance Payment and Account Receivables.
3.2 ACCOUNT RECEIVABLES
After the completion of the right issues, the TSAS Group received a payment in form of loan from ATPK.
On LK07, the amount of payables to ATPK was IDR18.7 billion, consisting of IDR7.2 billion to PT Maxima
Kiatama (“Maxima”), a company beneficially controlled by a close associate of TSAS, IDR6.3 billion
are owing by GSC, one of the three Contractors, and IDR4.7 billion owing by PT Kapital BPI Indonesia
(“Kapital BPI”), a company controlled by TSAS himself.
However, after Azahar died, from the correspondence document found on Azahar’s working place, ATPK
found documents of bank transfer receipts (bank validation enclosed) evidencing that ATPK’s fund has been
transferred to several companies and individuals related and associated to TSAS.
Further reviews and verifications over each of the receipts showed that the majority of fund registered
as the amount of Maxima’s and GCS’ debts in fact were transferred of funds to third parties, being the
companies and individuals related and associated to TSAS. Further to in-depth research and
61 re-classification of the Account Receivables account performed by ATPK then on FY08, it was reported that
there were IDR 38.1 billion of Third Parties receivables, by which amount of IDR 36.6 billion was Third
Parties’ debts reasonably alleged to be associated to the TSAS Group.
ATPK has sent a conformation letter to the party that holds the receivables to acknowledge the existence of
its amount of obligations owed by ATPK, which will proceed with demand letter by ATPK and MIM in order
to request the fulfillment of payment obligation within 7 days as from the date of the demand letter.
3.3 OTHER MATTERS
Beside studying and examining matters on advance Payment and Account Receivables, the Forensic Report
also contains studies on 3 (three) legal issues namely (i) matter on legal status of land asset in Medan, (ii)
legal matter between ATPK and Dayen Environmental LTD from Singapore and (iii) legal matter between
ATPK and the Minority Shareholders on 2 (two) MIM’s subsidiaries, namely Damanka and TCM.
The above three matters are more into legal technique matter in nature that related to dispute on the
contents in an agreement and contract (i) between the former shareholders and the new shareholders
of ATPK (ii) between ATPK and Dayen Environmental LTD from Singapore, and (iii) between MIM as the
shareholder of 70% of shares in TCM and Damanka, and the minority of shareholders (the owner of 30%
shares in Damanka and TCM).
4) ATPK RECOVERY EFFORTS on its FUND AND/OR SHARES
4.1 ADVANCE PAYMENT
As explained on the previous section, in accordance with the initial concept, the Advance Payment
transaction was agreed by the ATPK management in order to facilitate the liquidity problem facing by TSAS
and gave 3 (three) months of time to TSAS to fulfill its obligation in making payment on the amount of IDR
73.1 billion upon the purchase of 164,201,398. However, based on the evidence and documents, it is
known that the fund of IDR 73.1 billion, as has been described above, has been retransferred to Antaboga,
on the other hand the ownership of 164,201,398 of ATPK shares has been transferred from the three
Contractors to Hopaco, Coraledge and Mincorp.
During 13 months since September 2007 until October 2008, ATPK has been undertaking many efforts to
demand payment of IDR 73.1 billion to TSAS but no significant result. Therefore, since November 2008,
ATPK has taken initiative to send a written demand [request] and gave detail explanation on the amount of

payment obligation bear by TSAS. Since such effort has not been successful, therefore based on Directors
Meeting on 23 December 2008, ATPK has decided to use a forensic auditor service and legal consultant
service in order to enhance a systematical billing and have legally binding.
When approaching the end of annually audit by HSAR and Forensic Report of Deloitte, the mediation effort
has been done since mid of April 2009, but not successful, therefore on 25 Mei 2009, ATPK asked the
Advocate and Legal Consultant Office of Soemadipradja & Taher (“S&T”) to start commencing legal action
by sending demand letter to TSAS and TSAS Group in relation to the Advance Payment, as enclosed in
the Enclosure No.4. In absence of response of such demand letter, ATPK through S&T would initiate legal
proceedings against TSAS and the TSAS Group in near time.
62
4.2 ACCOUNT RECEIVABLES
On May 2009, after the reclassification proposal on the Account Receivables has been approved
by HSAR, then ATPK could start an effort to recover ATPK’s fund by undertaking direct approach and
suppression to each of the companies and individuals which are expected to have relation and associated
with TSAS and TSAS Group. The first effort was started on 25 May 2009 in which ATPK along with KAP
HSAR send a letters of receivables acknowledgement (conformation) to each of the parties in TSAS Group
in accordance with the audit procedure/standard. On the second week of June 2009, ATPK through S&T
will follow up those acknowledgement (conformation) letters by sending direct letter of demand to each of
the parties that are expected to be in TSAS Group. In absence of response of such demand letter, ATPK
through S&T would initiate legal proceedings against TSAS and the TSAS Group in near time.
5) ATPK’s REDEVELOPMENT EFFORT OF
In line with the effort of the fund repayment as described above, since October 2008, ATPK has been
studying several possibilities for ATPK to:
• Continue its function as a public company that has the ability to develop its sustainable potency
(going concern – sustainable profitability),
• Upgrade its value by entering into merger with, or acquisition by a new investor,
• Enter into a cooperation of operation or Joint Venture with ATPK’s subsidiary that owns coal mining
permit and with a third party that has the ability to funding and has been normally operates.
After the process of studying, since March 2009, ATPK has been in the process of finalizing the proposals
suggested by 2 (two) investor candidates.
Since such finalization will need the involvement of the Shareholders and will be influenced indirectly
by TSAS’s opinion on the effort of mediation and legal actions as explained in Section No. 4 above,
therefore ATPK has been decided to commencing an Annual General Meeting of Shareholders
(“RUPS-T”) on 29 June 2009. In accordance with the prevailing regulations, the RUPS-T announcement
has been delivered by ATPK to Bapepam and LK on 20 Mei 2009.
The RUPS-T is expected to approve the all agenda of the RUPS-T so that the efforts as contained in Section
4 and Section 5 above can be proceed after the RUPS-T.
Jakarta, June 2009.

63
TATA KELOLA PERUSAHAAN
GOOD CORPORATE GOVERNANCE
Pelaksanaan Tata Kelola Perusahaan yang baik The Implementation of Good Corporate Go-
merupakan tanggung jawab utama Dewan vernance is a primary responsibility for both the
Komisaris dan Direksi untuk melindungi dan Board of Commissioners and Board of Directors to
meningkatkan nilai bagi para pemegang sa- protect and enhance values for its shareholders and
ham dan stakeholder lainnya. Sebagaimana per- other stakeholders. Even after the Company has
usahaan yang telah melaksanakan diversifikasi accomplished business diversification (EGM
usaha (keputusan RUPSLB bulan Juni 2006) ke decision in June 2006) to the field of mining and
bidang pertambangan, infrastruktur dan usaha- infrastructure development, the Company, never-
usaha yang berkaitan lainnya, Perseroan tetap theless, applies the principles of Good Corporate
menerapkan prinsip-prinsip Tata Kelola Per- Governance that include transparency, responsi-
usahaan yang meliputi keterbukaan, tanggung bility, accountability, equality and independence.
jawab, akuntabilitas, kesetaraan dan indepen- These principles will always be applied in the
densi. Prinsip-prinsip tersebut akan senantiasa implementation of the day-to-day activities of the
diterapkan dalam pelaksanaan kegiatan sehari- Company. The Company’s operational informa-
hari dalam manajemen perusahaan yang dilak- tion, accomplished financial performance and
sanakan secara profesional. Informasi operasional compliance to the rules and regulations shall be
perusahaan, kinerja keuangan yang dicapai serta submitted to the stakeholders through the news and
kepatuhan terhadap peraturan dan perundang- information at the media, public expose and at the
undangan yang berlaku, disampaikan kepada General Meeting of Shareholders.
pihak-pihak yang berkepentingan lewat media, pa-
paran publik serta dalam Rapat Umum Pemegang
Saham.
Structure of
Struktur Tata Kelola Corporate Governance

RUPST yang dilaksanakan pada bulan Juni 2008 The AGMS conducted in June 2008 agreed to
menyetujui perubahan susunan anggota Komisaris change the member of the Board of Commissioner
yang terdiri dari 2 orang, yaitu Komisaris Utama which consists of 2 (two) persons, the President
dan Komisaris Independen. Dewan Komisaris Commissioner and the Independent Commissioner.
bertindak atas nama pemegang saham dan ber- The Board of Commissioners acts on behalf of the
tugas melakukan pengawasan atas kebijaksanaan shareholders and is responsible to supervise the
Direksi dalam menjalankan Perseroan serta mem- policies made by the Board of Directors and to pro-
berikan nasihat kepada Direksi. Selain itu Dewan vide advice to the Board of Directors. In addition,
64
Komisaris bertugas memeriksa semua pembukuan, the Board of Commissioners is responsible to
surat dan alat bukti lainnya, memeriksa dan men- review all records, letters and other evidence, to
cocokkan keadaan uang kas dan lainnya serta ber- review and reconcile the balance and other
hak mengetahui segala tindakan yang telah dilak- reserves, has the authority to know all the imple-
sanakan Direksi. Penetapan besarnya remunerasi mented action of the Board of Directors. The amount
anggota Dewan Komisaris Perseroan disesuaikan of the remuneration of the Board of Commissioners
dengan anggaran dasar ditetapkan dalam RUPS, members has been decided in accordance with
yang pada bulan Juni 2008 telah menyetujui un- the budget set at the AGM of June 2008, which
tuk memberikan wewenang sepenuhnya kepada has resolved to grant full authority to the Board of
Dewan Komisaris untuk menetapkan gaji dan tun- Commissioners to set salaries and allowances of
jangan anggota Direksi Perseroan untuk tahun buku members of the Board of Directors for the year
2008. Sedangkan jumlah honorarium dan tunjang- 2008. While the amount of honorarium and
an Dewan Komisaris Perseroan untuk tahun buku allowances of the Board of Commissioners of the
2008 disetujui untuk dilimpahkan kepada Direksi Company for the year 2008 is to be decided by the
Perseroan. Board of Directors of the Company.
Komisaris Independen, sebagaimana peraturan Independent Commissioner, as mentioned in Regu-

nomor IX.I.5 tentang pembentukan dan pedoman lation No. IX.I.5, on establishment and implementa-
pelaksanaan kerja komite audit yang merupakan tion of the guidelines of the audit committee, attach-
lampiran keputusan Ketua Bapepam No. Kep-29/ ment to the decree of Bapepam & LK Chairman No.
PM/2004 tanggal 24 September 2004, adalah Kep-29/PM/2004 dated 24 September 2004, the
anggota Komisaris yang berasal dari luar Emiten Commissioner is a member outside the Company;
atau Perusahaan Publik; tidak mempunyai saham, does not have any shares, either directly or indi-
baik langsung maupun tidak langsung pada Emiten rectly in the Company; does not have any relation-
atau Perusahaan Publik; tidak mempunyai hubung- ship or affiliation with Company, Commissioner,
an afiliasi dengan Emiten atau Perusahaan Publik, the Board of Directors or Shareholders or The Com-
Komisaris, Direksi atau Pemegang Saham Utama pany’s main shareholder and has no business re-
Emiten atau Perusahaan Publik dan tidak memiliki lationship with the Company. Annual remuneration
hubungan usaha. Remunerasi tahunan bagi De- for the Board of Commissioners is anticipated to
wan Komisaris dimaksudkan untuk mencerminkan reflect the market norms and the need to maintain
norma-norma pasar dan keinginan Perseroan untuk the level of good governance. In 2008 the Board of
mempertahankan tingkat tata kelola yang bagus. Commissioners has received the remuneration
Tahun 2008 lalu Dewan Komisaris telah menerima amount of more than Rp 132.900.000, --
honorarium yang jumlah totalnya mencapai kurang
lebih Rp 132.900.000,-
Direksi Board of Directors

Sesuai dengan keputusan Rapat Umum Pemegang In accordance with the decision of the Annual
Saham Tahunan (RUPST) pada bulan Juni 2008, General Meeting of Shareholders (AGMS) in June
susunan Direksi Perseroan terdiri atas Direktur 2008, the member of the Board of Directors of the
Utama, dan lima orang Direktur. Direksi bertang- Company consists of a President Director, and five
gung jawab penuh dalam melaksanakan tugas- Directors. The Directors are solely responsible in
tugasnya untuk kepentingan Perseroan dalam men- conducting its duties for the benefit of the Company
capai maksud dan tujuannya. Tugas pokok Direksi in achieving its goals. The principal tasks of the
adalah: Directors are:
a) Memimpin dan mengurus Perseroan sesuai a) To lead and manage the Company in accor-
dengan tujuan Perseroan; dance with the objectives of the Company;
65 b) Menguasai, memelihara dan mengurus b) To govern, maintain and manage the wealth of
kekayaan Perseroan; the Company;
c) Direksi wajib dengan itikad baik dan penuh c) The Board of Directors shall, in good faith and
tanggung jawab menjalankan tugasnya with full responsibility, conduct its duties with
dengan mengindahkan peraturan perundang- respect to the laws and regulations.
undangan yang berlaku.
Direksi melaporkan kinerja Perseroan secara ke- The Board of Directors reports the Company’s over-
seluruhan kepada para pemegang saham dalam all performance to the shareholders in the Annual
Rapat Umum Pemegang Saham Tahunan (RUPST). General Meeting of Shareholders (AGMS). Nomi-
Pencalonan dan pemilihan Direksi dilakukan dalam nation and election of the Board of Directors are
RUPS, masing-masing untuk jangka waktu sejak resolved in the GMS, for the service period from the
tanggal yang ditentukan pada RUPS yang meng- AGMS that appointed them until the next AGMS
angkat mereka sampai RUPS berikutnya, kecuali unless otherwise specified in the AGMS. However,
apabila ditentukan lain dalam RUPS. Namun demi- shareholders may be able to dismiss the member of
kian, pemegang saham dapat memberhentikan the Board of Directors at any time during his term
anggota Direksi sebelum masa jabatan yang ber- through AGM resolution attended by the specified
sangkutan berakhir lewat keputusan RUPS setelah member of Board of Directors in order to defend
anggota Direksi yang bersangkutan hadir dalam himself.
RUPS guna membela diri.
Remunerasi Tahunan Direksi dikaji ulang setiap Annual Remuneration of the Directors is re-deter-
tahunnya. Tingkat remunerasi dimaksudkan untuk mined on yearly basis. Remuneration levels are
mencerminkan norma-norma pasar dan keinginan intended to reflect market norms and the Com-
Perseroan untuk menarik dan mempertahankan pany’s goal to attract and maintain the level of good
tingkat tata kelola yang bagus. Tahun 2008 lalu, governance and practice. In 2008, as many as six
sebanyak enam direktur telah menerima gaji directors have received the total amount of salary
yang jumlah totalnya mencapai kurang lebih that reached more than Rp 1.085.100.000, -
Rp 1.085.100.000,-
Peningkatan
yang terus-menerus Sustainable Growth
Perseroan memiliki komitmen untuk memberikan The Company is committed to provide opportunities
kesempatan dan dukungan kepada para Direksi and support to the Board of Directors to develop
untuk senantiasa mengembangkan dan me- and improve their skills and performance and to
ningkatkan keterampilan yang mereka miliki dan ensure that only the best management practices are
memastikan bahwa hanya praktek-praktek mana- used. For this commitment to be realized, the Board

jemen terbaik saja yang digunakan. Agar komit- of Directors of the Company attended the following
men ini bisa terlaksana, Direksi Perseroan mengha- programs:
diri program-program berikut ini:
Mengikuti seminar yang berkaitan dengan indus- Following the seminar related to the mining indus-
tri pertambangan; ikut serta dalam rapat-rapat try; participate in leadership meetings; the interna-
kepemimpinan; mengikuti konferensi SDM Interna- tional human resources conference, and participate
sional; dan ikut serta dalam sesi-sesi pengembang- in sessions of strategic development.
an strategis.
66
Meeting of Board of
Rapat Direksi Directors and Board of

dan Dewan Komisaris Commissioners
Dewan Komisaris dan Direksi mengadakan rapat The Board of Commissioners and Board of Directors
3 (tiga) bulan sekali atau kapan saja diperlukan conducts a meeting once every 3 (three) months
dan setiap rapat dibuatkan notulennya. Rapat or at any time deemed necessary, with a minutes
Dewan Komisaris bersama-sama Direksi diseleng- meeting made at every meeting. The Board of
garakan untuk membahas kemajuan yang dicapai Commissioners’s and the Board of Director’s
Perseroan secara umum. Hampir pada setiap meeting are organized to discuss progress
rapat yang dilaksanakan dihadiri oleh Komisaris achieved and or problems faced by the Company.
dan Direksi yang bersangkutan sehingga rapat The meeting will be attended by the Commissioner
berhak mengambil keputusan yang sah dan and the Board of Directors of the Company, there-
mengikat. Daftar kehadiran rapat Dewan Komisaris fore, the decisions or resolution of the meeting
dan Direksi selama tahun 2008 adalah sebagai are legal and binding. List of attendance and the
berikut : meeting of the Board of Commissioners of the Board
of Directors for the year 2008 is as follows:
Pengendalian Internal Internal Control
Dengan memiliki Sistem Pengendalian Internal, With the implementation of the Internal Control
Perseroan dapat: System, the Company will be able to:
a. Mengendalikan kegiatan operasional secara a. Control the operational activities effectively
efektif dan efisien; and efficiently;
b. Menyampaikan Laporan keuangan yang b. Submit accurate financial statements;
akurat;
c. Menerapkan prinsip-prinsip ketaatan dan c. Apply the principles of obedience and
kepatuhan atas hukum dan peraturan yang adherence to rules and regulations and the
67 ada di perusahaan; Company’s By-Law;
d. Memantau aktiva perusahaan untuk di- d. Monitor the company’s assets, to be utilized
manfaatkan secara optimal. optimally.
Di dalam perusahaan, Pengendalian Internal ini In the company, Internal Control has five (5) related
memiliki 5 (lima) komponen yang saling terkait, components, namely:
yaitu :
1. Lingkungan Pengendalian, menetapkan 1. Control atmosphere, set the form of an organi-
bentuk suatu organisasi, dan mempengaruhi zation, influencing the awareness and control
kesadaran pengendalian orang-orangnya. existance over its people. Control atmosphere
Lingkungan pengendalian ini merupakan is a basic component for all the other internal
dasar bagi semua komponen pengendalian control to operate accurately, encouraging
internal yang lain, yang menyediakan disiplin discipline and adherance to structure;
dan struktur;
2. Penaksiran Resiko adalah mengidentifikasikan 2. Risk assessment is to identify and analyze the
entitas dan menganalisa resiko yang relevan relevant risks in order to achieve objectives, by
untuk mencapai tujuannya, dengan mem- developing the basis for determining how
bentuk suatu dasar untuk menentukan bagai- those risks should be mitigated;
mana resiko harus dikelola;
3. Aktifitas Pengendalian adalah kebijakan dan 3. Control activities are policies and procedures
prosedur yang membantu menjamin bahwa to ensure that the management’s direction is
arahan manajemen dilaksanakan; implemented correctly;
4. Informasi dan Komunikasi adalah kegiatan 4. Information and communication are activities
mengidentifikasi dan pertukaran informasi to identify and exchange information in a
dalam suatu bentuk dan waktu, yang me- certain form and time, which allows employees
mungkinkan karyawan melaksanakan tang- to perform their responsibilities;
gung jawab mereka;
5. Pemantauan adalah proses yang menentukan 5. Monitoring is the process that determines the
kualitas kinerja pengendalian internal sepan- quality of internal control performance over
jang waktu. time.
Dewan Komisaris dan Direksi menjaga komitmen The Board of Commissioners and the Directors are
agar sistem pengendalian internal ini dapat committed to preserve the internal control system
diterapkan dan terus dijalankan secara konsisten, so that it can be implemented and continue to run
supaya Tata Kelola Perusahanan (Good Corporate consistently, and the Company’s Good Corporate
Governance) dapat dijalankan dengan baik. Governance can be achieved. The Board of
Dewan Komisaris membentuk Komite Audit, yang Commissioners established the Audit Committee,
bersifat independen dan bertanggungjawab which is independent to the Board of Director and

secara langsung kepada Dewan Komisaris. reports directly to the Board of Commissioners.
Dengan melaksanakan tugas pengawasan internal, With the task of conducting internal super-
Komite Audit akan bekerjasama dengan Unit Audit vision, the Audit Committee will work alongside the
Internal Perseroan. Company’s Internal Audit Unit.
Sekretaris Perusahaan Corporate Secretary
Andreas Andy Santoso Andreas Andy Santoso

68
Lahir di Pekalongan pada tanggal 4 Maret 1965, Born in Pekalongan on 4 March 1965, Indonesian
berkewarganegaraan Indonesia. Latar belakang nationality. Educational background: Bachelor

pendidikan : Sarjana Manajemen Informatika – Se- of Management Information - School Information
kolah Tinggi Informatika & Komputer (STI&K), Ja- & Computer (STI & K), Jakarta. Worked as
karta. Pernah bekerja sebagai Assistant Manager Assistant Manager / Manager at the Biro
/ Manager pada Biro Administrasi Efek, PT Sirca Administrasi Efek, PT Sirca Datapro Perdana, year
Datapro Perdana, dari tahun 1990 - 2003; kemu- 1990 - 2003, worked as an Transfer Agent Officer
dian bekerja sebagai Transfer Agent Officer di at the Custodian Bank, Deutsche Bank
Bank Kustodian, Deutsche Bank AG, Jakarta, dari AG, Jakarta, from 2003 - 2004. Join the
tahun 2003 - 2004. Bergabung dengan Perseroan Company since 2006 and appointed as
sejak tahun 2006 dan diangkat sebagai Sekretaris Company Secretary since 19 September 2006.
Perusahaan sejak tanggal 19 September 2006.
Fungsi Dan Tanggung Jawab Functions and Responsibilites of

Sekretaris Perusahaan Corporate Secretary
a. Sebagai penghubung (“contact person”), a. As a secretary of the company, the Corporate

sekretaris perusahaan melakukan fungsi dan Secretary performs the functions and is respon-
bertanggung jawab untuk: sible for:
• Menyampaikan keterbukaan informasi • To file an Information Disclosure to the
Perseroan kepada Badan Pengawas Pasar Board of Supervisors of the Capital Market
Modal dan Bursa Efek dimana saham and Stock Exchange on which shares of the
Perseroan tercatat, dalam bentuk laporan- Company is listed, in the form of periodic
laporan periodik yang menjadi kewajiban reports and also incidental reports in
Perseroan maupun laporan insidentil sesuai compliance with the applicable capital
ketentuan pasar modal yang berlaku; market regulations;
• Memberikan pelayanan kepada masya- • To provide services to the public for any
rakat atas setiap informasi yang diperlukan information that is required by the financier
pemodal / pemegang saham yang ber- / shareholders relating to the condition of
kaitan dengan kondisi Perseroan, yang the Company, which in general is in the
pada umumnya permintaan dalam bentuk form of the Company’s financial reports or
informasi laporan keuangan Perseroan dan other information concerning the activities
atau informasi lainnya yang menyangkut of the Company.
kegiatan/kondisi Perseroan yang ada.
b. Mengikuti perkembangan dan peraturan pasar b. To follow the development and regulations of
modal (khususnya yang berkaitan dengan the Capital Markets (especially regarding
masalah keterbukaan) untuk menjaga transparency issue) to maintain the Company’s
Perseroan senantiasa dapat mengikuti dan adherence with the applied regulations;
mematuhi peraturan yang terus berkembang;
c. Bertanggung jawab menyiapkan daftar c. Is responsible for preparing the list of share-
pemegang saham dan terselenggaranya Rapat holders and organizing the Annual and or
Umum Pemegang Saham (RUPS) Perseroan Extraordinary General Meeting of Share-
dengan baik. holders (AGMS or EGMS) of the Company.
Risiko Usaha Business Risk
69 Dalam menjalankan kegiatan usahanya, Perseroan In conducting its business activities, the Company
dan anak-anak perusahaan tidak terlepas dari and its subsidiaries are liable to several different
berbagai macam risiko, baik risiko yang terkait kinds of risk, whether risks directly associated with
langsung dengan sektor pertambangan umum, the mining sector, power and oil and gas, and
ketenaga-listrikan dan migas serta perkebunan plantation in general, as well as other risks faced
maupun risiko lainnya yang dihadapi oleh Per- by the Company and its subsidiaries. The business
seroan dan anak-anak perusahaannya. Adapun risks that may be faced by the Company and the
risiko usaha yang mungkin dihadapi oleh Per- company’s subsidiaries are as follows:
seroan dan anak-anak perusahaan adalah se-
bagai berikut:
A. Risiko yang dihadapi A. Risks faced

oleh Perseroan by the Company
1. Risiko sebagai 1. Risk as

Perusahaan Induk the Main Company
Perseroan merupakan perusahaan induk The Company is a Holding Company whose
yang sebagian besar pendapatannya income is mostly derived from its sub-
berasal dari anak-anak perusahaan. sidiary companies. The Company has a
Perseroan memiliki ketergantungan yang relatively high dependence on performance
cukup tinggi terhadap kegiatan dan from its subsidiaries. Thus, when the sub-
pendapatan dari anak-anak per- sidiaries’s performance altered, it will affect
usahaannya. Dengan demikian, apabila the performance of the Companyas well.
kegiatan dan pendapatan usaha anak-anak
perusahaan mengalami penurunan, hal
tersebut akan mempengaruhi tingkat
pendapatan Perseroan.
2. Risiko Nilai Tukar 2. Foreign Currency

Mata Uang Asing Risk
Hampir seluruh pendapatan dan sebagian Most of the income and liabilities of the
dari beban Perseroan dan anak-anak per- Company and its subsidiaries’ are made
usahaan berupa mata uang asing, sedang- and recorded in foreign currency, whereas
kan laporan keuangan konsolidasi Per- the Company’s financial statements are
seroan dinyatakan dalam mata uang recorded in Rupiah currency. This situation
Rupiah. Oleh karena itu Perseroan memiliki resulting in the exposure by the Company
risiko nilai tukar mata uang asing. to exchange rate risk.

3. Risiko Keamanan Kebun 3. Risk of Plantation Security

Pencurian hasil kebun dan pengambil- Crop theft, illegal land takeovers and
alihan lahan secara ilegal serta kerusuhan unrest among the community groups
antar kelompok masyarakat di sekitar around the plantation is one of the risk
perkebunan merupakan salah satu risiko faced by the Company. This is due to the
yang dihadapi oleh Perseroan. Hal ini continuing growth of the workforce
disebabkan dengan adanya pertumbuhan annually, as the employment opportunities
tenaga kerja yang terus meningkat setiap available are not met with the increasing
tahunnya, sedangkan lapangan kerja yang number of unemployment.
tersedia tidak sebanding dengan me-
ningkatnya jumlah pengangguran tersebut.
70
4. Risiko Iklim 4. Climate Risk
Setiap lima tahun terjadi perubahan iklim Every five years, a climate change by the
yang dinamai El Nino. El Nino muncul di name El Nino occurs. It appears in the
perairan tropik di antara Pasifik Barat dan tropical waters of the Western Pacific and
Amerika Selatan dan mengakibatkan South America and leads to global climate
perubahan iklim global, kekeringan dan change, droughts and storms. The exact
badai hujan. Penyebab El Nino tidak cause of El Nino is still unknown, but it is
diketahui secara pasti tetapi diduga allegedly caused by the lava that erupts
disebabkan oleh lava yang meletus di between tectonic plate in the bottom of the
antara lempengan tektonik di dasar Pacific Ocean and the warm water above
Samudra Pasifik dan memanaskan air di it. In addition, the prolonged dry season
atasnya. Selain itu musim kemarau yang may cause fire in the area around the
berkepanjangan dapat menimbulkan Company’s plantation.
terjadinya kebakaran di daerah per-
kebunan Perseroan.
5. Risiko Penjualan 5. Risks of Sale

Kepada Pihak Ketiga to Third Party
Perseroan tidak memiliki pabrik peng- The Company does not have palm oil
olahan kelapa sawit, sehingga hasil processing facility, therefore the product of
perkebunan berupa Tandan Buah Segar the plantation must be sold to third party
harus dijual ke pihak ketiga (pabrik (Palm Oil Processing Plant). This matter
pengolahan kelapa sawit). Hal ini me- caused the price of the Company’s Fresh
nyebabkan harga Tandan Buah Segar Fruit Bunch depends on the third party
sangat bergantung pada rencana produksi production plan or the palm oil processing
pihak ketiga atau pabrik pengolahan plant.
kelapa sawit.
B. Risiko yang dihadapi B. Risks faced

oleh Anak Perusahaan by the Subsidiaries
1. Risiko dihentikannya 1. The Risk of Oil and Gas

Kontrak Kerja (Migas) or IUP (Coal)
atau IUP (Batubara) Contract Termination
Dibatalkan atau tidak diperpanjangnya The annulment or termination of the
kontrak kerja (Migas) oleh BP Migas atau contract, Mining Permit (IUP) or Power
partner dari KKKS seperti Pertamina, Izin Purchase Agreement (PPA) by PT PLN
Usaha Pertambangan (Batubara) atau (Persero), Ministry of Energy & Mineral

Power Purchase Agreement (PPA) oleh Resources, Ministry of Forestry, Governor/
PT PLN (Persero), Menteri ESDM, Menteri Regent/ Mayor or BP Migas as agency of
Kehutanan dan atau, Gubernur/Bupati/ the Indonesian Government is a risk that
Walikota, selaku perwakilan dari Peme- must be mitigated which related to the
rintah Republik Indonesia merupakan suatu continuation and sustainability of the
risiko yang harus juga dipertimbangkan Company.
yang terkait dengan masalah kelangsung-
an hidup Perseroan.
71 Apabila selama periode kontrak tersebut If during the contract period the subsidiaries
anak-anak perusahaan tidak dapat meng- failed to fulfill the contract conditions, the
upayakan atau gagal untuk memenuhi subsidiaries would exposed to contract’s

syarat-syarat dari kontrak kerjasama ter- termination risk.
sebut, maka anak-anak perusahaan akan
dapat menghadapi risiko pemutusan dan
atau tidak diperpanjangnya kontrak
tersebut.
2. Risiko Fluktuasi Harga Migas 2. Risk of Global Oil, Gas and

dan Batubara Dunia Coal Price Fluctuation
Harga Batubara, Minyak dan Gas Bumi The price of coal, oil and gas are related
yang terkait dengan industri batubara dan to with the international market’s condition
migas memiliki hubungan langsung deng- which affected by supply and demand.
an kondisi pasar industri Batubara dan However, from the mining contract period
Migas internasional yang dipengaruhi oleh perspective, which is usually long term, the
kebutuhan akan adanya penawaran dan Company and its subsidiaries have a lower
permintaan. Akan tetapi apabila ditinjau risk of price fluctuations since the long
dari sisi jangka waktu kontrak, maka period of the contract will be able to keep-
Perseroan dan anak-anak perusahaan up with the usually short-term international
memiliki tingkat risiko fluktuasi harga batu- price fluctuation.
bara dan migas yang lebih rendah diban-
dingkan dengan tingkat risiko fluktuasi
harga batubara dan migas internasional.
Panjangnya jangka waktu kontrak batu-
bara, migas dan kelistrikan swasta akan
mampu meredam gejolak fluktuasi harga
energi internasional yang biasanya bersifat
jangka pendek.
3. Risiko Persaingan 3. Risk of Competition

Kegiatan usaha pertambangan batubara, The business activities of coal, oil and
migas dan kelistrikan di Indonesia cukup natural gas mining and electricity in
banyak dilakukan oleh perusahaan lain- Indonesia is also conducted by many other
nya, baik perusahaan nasional maupun companies, both national and multinational
multinasional. Risiko persaingan ini lebih companies. The competition happens
banyak terjadi pada tahapan proses per- mostly at the procurement phase, the

olehan atau pengambil-alihan blok-blok acquisition of coal and oil & gas permit
migas dan lahan-lahan batubara potensial phase or at the time the Government
atau kontrak listrik swasta yang ditawarkan tendered for private power plant or when a
Pemerintah atau pihak swasta yang ingin third party who has a private power lisence
bekerjasama. offered themself for merger or acquisition
by others.
4. Risiko Kebijakan / 4. Risks on Policy /

Peraturan Pemerintah Government Regulation
Kebijakan/Peraturan Pemerintah baik The Government regulation and policy,
Pemerintah Pusat maupun Pemerintah either from Central Government or Local 72
Daerah yang dikeluarkan di kemudian hari Government in the future will certainly
tentunya dapat menjadi suatu risiko become a risk that requires proper miti-
apabila memberikan dampak yang kurang gation to ensure contract continuation or
baik bagi kelangsungan kontrak atau sustainable operation of the Company’s
kerjasama di bidang batubara, migas atau business.
kelistrikan.
5. Risiko Sosial & Lingkungan 5. Social & Environment Risks

Risiko Sosial dapat berupa risiko karena Social risk includes disputes over land
adanya sengketa pertanahan dan hal-hal ownership and other matters related to the
lainnya yang berhubungan dengan ma- social and community affair in the area
syarakat di sekitar area operasi Perseroan surrounding the mining operation of the
seperti pemboikotan oleh masyarakat, Company, such as boycotting, demonstra-
demonstrasi masyarakat atas ketidak- tion against the project operations of the
setujuan masyarakat terhadap operasi Company or illegal mining operation and
proyek Perseroan maupun aksi-aksi illegal illegal land occupation. Environmental risk
mining dan pendudukan lahan secara liar. can be caused by negligent by the com-
Sementara risiko lingkungan bisa di- pany’s and or the contarctor’s personnel
akibatkan oleh kelalaian beberapa while performing operation activities at
personel SDM pada saat aktifitas operasi site without putting enough attention to the
di lapangan yang tidak memperhatikan Health, Safety and Environment (HSE)
masalah lingkungan dan aturan Keselamat- regulation that has been stipulated by the
an Kerja Karyawan (K3) yang telah di- Company in order to avoid contamination
tetap-kan oleh perusahaan sehingga or pollution that will caused disturbance to
menimbulkan dampak pencemaran yang the society surrounding the mining site.
mengganggu masyarakat yang tinggal di Social & Environment risks can affect
sekitar lokasi pertambangan. Risiko sosial activities of the Company in the field,
dan lingkungan ini dapat mempengaruhi provided it is not managed and imple-
kelancaran operasi Perseroan di lapangan mented properly. To overcome this, the
apabila tidak dikelola dengan baik. Untuk Company will always maintain communica-
mengatasi hal ini, Perseroan dapat me- tion and approaches with the community
lakukan pendekatan-pendekatan dengan leaders, to ensure realization of the
tokoh masyarakat sekitar, pengembangan planned community development and
kawasan sekitar pertambangan (community others.
development) dan lain-lain.
6. Risiko Tidak Tercapainya 6. The Risk of Unfulfilled

Proyeksi Projections
Risiko tidak tercapainya proyeksi dapat This risk might due to the difference in the
disebabkan oleh tidak tercapainya volume several previously assumed cases, such as
produksi, penjualan dan atau harga jual production volume, sales and or price of
batubara atau migas yang diasumsikan coal as well as price of oil and gas. This
sebelumnya. Hal ini akan secara lang- would habe a direct impact to the com-
sung dapat mempengaruhi kinerja Per- pany’s financial performances.
seroan.
73
Komite Audit Audit Committee
Komite Audit merupakan suatu unit organisasi The Audit Committee is an organization that
yang membantu tugas-tugas Dewan Komisaris supports the Board of Commissioners in carrying
dalam menjalankan fungsinya, khususnya di out their duties, particularly in the areas of
bidang pengawasan keuangan dan akuntansi. financial control and accounting matters. The Audit
Komite Audit beranggotakan tiga orang yang Committee consists of three people, headed by
diketuai oleh Anwar Pulukadang. Susunan Mr. Anwar Pulukadang. The member of the Audit
Komite Audit periode tahun 2008-2009 Committee for the period of 2008-2009 are as
adalah sebagai berikut : follows:
Ketua : Anwar Pulukadang Chairman : Anwar Pulukadang
Anggota : Abdul Ficar Hadjar, SH. MH. Member : Abdul Ficar Hadjar, SH. MH.
Anggota : Darman Arman Member : Darman Amran
Anwar Pulukadang Anwar Pulukadang

Ketua Chairman
Lahir di Tondano, Sulawesi Utara pada tanggal Born in Tondano, North Sulawesi on 27 June 1943,
27 Juni 1943, berkewarganegaraan Indonesia. Indonesian Nationality. Educational background:
Latar belakang pendidikan : Bachelor of Science & Bachelor of Science & Engineering - Waseda
Engineering – Waseda University, Tokyo. Master University, Tokyo. Master of Science & Engineering
of Science & Engineering – Waseda University, - Waseda University, Tokyo. Worked in the Mitsui
Tokyo. Pernah bekerja di Mitsui & Co,Ltd, dari & Co., Ltd., from 1970 - 1974. Worked as a Cor-
tahun 1970 – 1974. Kemudian pernah bekerja porate Credit in PT ASEAM, Indonesia, 1974
sebagai Corporate Credit di PT ASEAM, - 1981; Served as Commissioner and Advisor to
Indonesia, dari tahun 1974 - 1981; Selanjutnya PT Daya Guna Samudra Tbk, from 1981 - 2004.
pernah menjabat sebagai Komisaris dan Advisor Currently still serves as a Director of PT Tripindo
di PT Daya Guna Samudra Tbk, dari tahun 1981 Patria. Appointed as Independent Commissioner
– 2004. Sampai saat ini masih menjabat sebagai on 23 June 2007.
Direktur Utama PT Tripindo Patria. Ditunjuk se-
bagai Komisaris Independen sejak tanggal 23 Juni
2007.
Abdul Ficar Hadjar, SH. MH. Abdul Ficar Hadjar, SH. MH.
Anggota Member
Lahir di Jakarta, pada tanggal 15 September 1957, Born in Jakarta, on 15 September 1957, Indo-
berkewarganegaraan Indonesia. Latar Belakang nesian nationality. Educational Background:

Pendidikan: Sarjana Hukum Universitas Jayabaya Bachelor of Law, Jayabaya University Jakarta,
Jakarta, Magister Hukum Universitas Indonesia Master of Law University of Indonesia, Depok. Law
Depok. Praktisi Hukum sejak 1984, Pendidikan Practitioners since 1984, Professional Education of
Profesi Penunjang Pasar Modal (1997), Dosen Capital Market (1997), Lecturer in the Faculty of
Fakultas Hukum Universitas Ibnu Khaldun Bogor Law, Ibnu Khaldun Bogor University (since 1998)
(sejak 1998) Fakultas Hukum Universitas Trisakti Faculty of Law, Trisakti University Jakarta (since
Jakarta (sejak 2008), Badan Pengawas Konsorsium 2008), Consortium of National Law Reform Super-
Reformasi Hukum Nasional (2007-2011). Ditunjuk visor (2007-2011), Appointed as member of the
sebagai Komite Audit sejak 1 Nopember 2008. Company’s Audit Committee since 1 November
2008.
74
Darman Amran Darman Amran
Anggota Member
Lahir di Jakarta pada tanggal 29 Desember 1951, Born in Jakarta on 29 December 1951, Indonesian
berkewarganegaraan Indonesia. Latar belakang Nationality. Educational background: Bachelor
Pendidikan: Sarjana Muda Akademi Accounting of Accounting Jayabaya Accounting Academy.
Jayabaya. Pernah bekerja sebagai Tax Manager di Employed as a Tax Manager in PT BASF Indonesia
PT BASF Indonesia 2002-2006; sebagai Finance 2002-2006; as a Finance Manager of PT Dharma
Manager di PT Dharma Ardha Forma 1985 -2001; Ardha Forma 1985 -2001; Chief Accounting
sebagai Kepala pembukuan di PT Coloroma Jaya PT Coloroma Jaya Trading Co. (LTD) 1977-1985;
Trading Co (LTD) 1977-1985; sebagai Kepala as Chief Accounting PT Raf Rad Corporation 1976.
Pembukuan PT Raf Rad Corporation 1976. Ditunjuk Appointed as member of the Company’s Audit
sebagai Komite Audit sejak 1 Nopember 2008. Committee since 1 November 2008.
Laporan Komite Audit Audit Committee Report
LAPORAN KOMITE AUDIT AUDIT COMMITTEE REPORT

PT. ATPK Resources, Tbk. PT. ATPK Resources, Tbk.
Kepada Yth. To.
DEWAN KOMISARIS THE BOARD OF COMMISSIONERS
PT. ATPK Resources, Tbk PT. ATPK Resources, Tbk
Wisma GKBI Lantai 39 Suite 3901 Wisma GKBI 39th Floor, Suite 3901
Jl. Jend. Sudirman No.28 Jl. Jend. Sudirman No.28
Jakarta – 10210. Jakarta – 10210.
Laporan ini disusun dalam rangka memenuhi This report was prepared in order to comply
Peraturan Badan Pengawas Pasar Modal dan to the regulations of the Capital Market Super-
Lembaga Keuangan (Bapepam-LK) Nomor IX.l.5, visory Board and Financial Institution (Bapepam-
Lampiran Surat Keputusan Ketua Bapepam Nomor LK) Number IX.l.5, Attachments to Chairman of
Kep-29/PM/2004 tanggal 24 September 2004, Bapepam Decree Letter No. Kep-29/PM/2004
mengenai Pembentukan dan Pedoman Pelak- dated 24 September 2004, regarding the
sanaan Kerja Komite Audit dan Peraturan Nomor Establishment and Implementation of Guidelines
X-K.6, Lampiran Surat Keputusan Ketua Bapepam and Regulations of the Audit Committee Number
No. Kep-134/BL/2006 tanggal 7 Desember 2006 X-K.6, Attachments to Chairman of Bapepam
tentang Kewajiban Penyampaian Laporan Tahunan Decree No. Kep-134/BL/2006 on 7 December
Bagi Emiten atau Perusahaan Publik; 2006 regarding obligations to submit Annual
Report for the Company or other Public Listed
Company;
Komite Audit The Audit Committee

Periode 2008-2009 Period 2008-2009
Komite Audit merupakan unit organisasi yang The Audit Committee is an organization that
membantu tugas-tugas Dewan Komisaris dalam supports the duties of the Board of Commissioners,
menjalankan fungsinya, khususnya dibidang peng- especially in the field of financial control and
awasan keuangan dan akuntansi. Untuk periode accounting matters. For the period of 2008-
tahun 2008-2009 berdasarkan Surat Keputusan 2009, based on the Independent Commissioner’s
Komisaris Independen No.002/KOM-ATPK/ Decree Letter No.002/KOM-ATPK/X/2008 on
X/2008 tanggal 29 Oktober 2008 telah diangkat 29 October 2008, the members of Audit
75 Komite Audit PT. ATPK Resources Tbk, dengan susu- Committee for PT. ATPK Resources Tbk, has been
nan sebagai berikut: appointed, as follows:
- Ketua : Anwar Pulukadang - Chairman : Anwar Pulukadang

- Anggota : Abdul Ficar Hadjar, SH.,MH - Member : Abdul Ficar Hadjar, SH., MH
- Anggota : Darman Amran - Member : Darman Amran
Tugas dan Tanggung Jawab Job and Responsibilities of

Komite Audit The Audit Committee of
PT. ATPK Resources Tbk PT. ATPK Resources Tbk
Komite Audit PT. ATPK Resources Tbk bertugas mem- The Audit Committee of PT. ATPK Resources Tbk
berikan pendapat kepada Dewan Komisaris terha- is responsible in giving opinions to the Board of
dap laporan atau hal-hal yang disampaikan oleh Commissioners of the report or matters submitted
Direksi kepada Dewan Komisaris, mengidentifikasi by the Board of Directors to the Board of Com-
hal-hal yang memerlukan perhatian Komisaris, ser- missioners, identifying issues that require
ta tugas-tugas lain meliputi: attention from the Commissioner, and other tasks
that include:
1. Melakukaan penelahaan atas informasi 1. To conduct analysis on the financial informations
keuangan yang akan dikeluarkan perusahaan issued by the Company, namely financial
seperti laporan keuangan, proyeksi dan reports, projections and or other financial
informasi keuangan lainnya; information;
2. Melakukan penelaahan atas ketaatan 2. To conduct studies on the company’s com-
perusahaan terhadap peraturan perundang-- pliances to the rules and regulations of the
undangan di bidang Pasar Modal dan Capital Market and other regulations related to
peraturan perundang-undangan lainnya yang the Company’s activities;
berhubungan dengan kegiatan Perseroan;
3. Melakukan penelaahan atas pelaksanaan 3. To conduct analysis on the audit works done
pemeriksaan oleh Auditor Internal; by the Internal Auditor;
4. Melaporkan kepada Komisaris berbagai 4. To report to the Commissioner of the various
resiko yang dihadapi Perseroan dan pelak- risks faced by companies as well as the imple-
sanaan manajemen resiko oleh Direksi; mentation of risk management by the directors;
5. Melakukan penelahaan dan melaporkan 5. Conducting analysis and to report to the
kepada Komisaris atas pengaduan yang Commissioner for complaints related to the
berkaitan dengan Emiten atau Perusahaan Company or other Public Listed Company, and
Publik, dan

6. Menjaga kerahasiaan dokumen, data dan 6. Preserve the confidentiality of the Company’s
informasi perusahaan; documents, data and information;
7. Memonitor tindak lanjut temuan hasil audit 7. Monitoring the audit findings (internal and ex-
(internal maupun external) untuk di laksanakan ternal) for implementation by the Company’s
oleh Manajemen; management;
8. Merekomendasikan penunjukan Akuntan Pu- 8. To recommend the appointment of Independent
blik Independen yang bertugas mengaudit dan Public Accountants to provide audit and ex-
membuat pernyataan pendapat atas laporan press audit opinion on the Company’s financial
keuangan perusahaan. reports.
Rapat-rapat Komite Audit Audit Committee Meetings 76

Rapat Komite Audit PT. ATPK Resources Tbk. peri- During the period of 2008-2009, there has been
ode 2008-2009 sampai dengan akhir Desember one meeting of the Company’s Audit Committee,
2008 telah dilaksanakan satu kali pertemuan, which attended by the Chairman and all the mem-
yang dihadiri oleh Ketua dan seluruh Anggota bers of the Audit Committee.
Komite Audit.
Laporan Pelaksanaan Reports on

Kegiatan Komite Audit the Audit Committee’s Activity
Rapat Komite Audit telah membahas dan mereko- Meetings of the Audit Committee has discussed and
mendasikan hal-hal antara lain sebagai berikut : recommends things as follows:
1. Rapat Komite Audit telah melakukan pem- 1. Meetings of the Audit Committee discussed on
bahasan atas dokumen-dokumen berupa documents, namely the Annual Report of
Laporan Tahunan (Annual Report) PT. ATPK PT. ATPK Resources Tbk. for the year end
Resources Tbk tahun 2007, Surat BAPEPAM 2007, letter from BAPEPAM No.S-7127/
No.S-7127/BL/2008 tanggal 14 Oktober BL/2008 dated 14 October 2008 regarding
2008 mengenai Penelaahan Laporan Tahun- comments on the 2007 Annual Report and
an 2007 dan No. S-7627/BL/2008 tanggal No. S-7627/BL/2008 dated 29 October
29 Oktober 2008 mengenai Penelaahan Lapo- 2008, studies on Mid-year Financial Report
ran Keuangan Tengah Tahunan per 30 Juni PT. ATPK Resources Tbk. per 30 June 2008;
2008 PT. ATPK Resources Tbk.;
2. Pembahasan terhadap dokumen-dokumen di 2. Discussion on the above-mentioned documents
atas butir (1) dimaksudkan sebagai upaya me- is meant as an effort to improve the per-
ningkatkan kinerja perusahaan dalam aktivi- formance of the company in in line with, and
tasnya sesuai, sejalan dan berdasarkan per- to comply to the rules and regulations in the
aturan perundang-undangan di bidang Pasar field of Capital Market and other regulations
Modal dan peraturan perundangan lainnya in accordance with the principles of Good
dalam pengelolaan perusahaan yang sesuai Corporate Governance (GCG), especially in
dengan prinsip-prinsip Good Corporate composing the Annual Report and the making
Governance (GCG), utamanya di bidang of Quarterly and Mid-year Reports of the
pem-buatan Laporan Tahunan (Annual Report) Company;
serta pembuatan Laporan Kuartalan maupun
Tengah Tahunan dalam pengelolaan PT. ATPK
Resources Tbk.;
3. Dari pembahasan-pembahasan rapat dapatlah 3. From the discussion, below are some example
ditarik beberapa kesimpulan bahwa dalam of recommendations that aims at the improve-
rangka meningkatkan kinerja perusahaan perlu ment of the performance of the company, The
dilakukan langkah-langkah yang dituangkan Audit Committee recommends the followings:
dalam Rekomendasi Komite Audit sebagai
berikut:
a. Merekomendasikan kepada Dewan a. To recommend the Board of Com-
Komisaris agar dalam rangka kelancaran missioners, for a smooth implementation
pelaksanaan pengelolaan perusahan yang by the management of the Company in
sesuai dengan GCG khususnya men- accordance with the principles of GCG
jalankan prinsip Audit yang baik, Direksi Audit principals, the Board of Directors
membentuk dan memfungsikan secara should formed and optimize the Internal
optimal Internal Audit (pengawasan Audit system;
internal);
b. Memberikan Draft Laporan Keuangan b. To provide a Quarterly Financial Reports
77 Kuartalan mulai tahun 2009 dan memberi- Draft by 2009 and to allocate enough time
kan waktu yang cukup kepada Komite for the Audit Committee to conduct dis-
Audit untuk melakukan pembahasan dan cussions and to provide inputs before
memberikan masukan sebelum laporan the submission of the reports to the Capital
diserahkan kepada pihak Otoritas Pasar Market authority.
Modal.
c. Merekomendasikan untuk menunjuk c. To recommend the appointment of an
Auditor Eksternal (External Auditor) sedini External Auditor as soon as possible, for
mungkin dalam rangka persiapan Laporan the preparation of the 2008 Annual
Tahunan 2008. Report.
Demikianlah laporan ini dibuat dan ditanda- This report has been made and signed by the Audit
tangani oleh Komite Audit PT. ATPK Resources, Committee of PT. ATPK Resources, Tbk.
Tbk.
Jakarta, Januari 2009 Jakarta, January 2009.
Anwar Pulukadang Darman Amran Abdul Ficar Hadjar, SH. MH

Ketua Anggota Anggota
Chairman Member Member
78
Komite-komite Lainnya Other Committees
Sampai pada tahun 2008 jumlah personil yang Until the year 2008, the number of required per-
dibutuhkan oleh anak-anak perusahaan pada sonnel in the company’s subsidiaries amongst its
kegiatannya masih relatif sedikit , dikarenakan operations are still relatively small, because the
kegiatan usaha yang belum mencapai tahap business activities have not yet reached the stage
produksi secara komersial. Pengurus anak-anak pe- of commercial production. Subsequently, the
rusahaan masih memungkinkan untuk dijabat rang- management of the Company’s subsidiaries still
kap sehingga Dewan Komisaris menilai Komite allows several positons to be held by the same
HRD dan Remunerasi serta Komite Kepatuhan dan person, namely HRD and Remuneration Com-
Risiko belum berfungsi secara maksimal. Selanjut- mittee and Risk Compliance Committee. Further-
nya tugas komite-komite terkait masih dilaksanakan more, other committee related tasks are still un-
oleh Direksi dan Dewan Komisaris Perseroan. Hal der the responsibility of the Company’s Board of
ini tercermin dari susunan anggota komite yang Directors and Board of Commissioners. This is
sebagian besar adalah anggota Dewan Komisaris reflected in the structure of the committee members
dan Direksi Perseroan. who are predominantly members of the Board
of Commissioners and Board of Directors of the
Company.
Komite HRD HRD and

dan Remunerasi Remuneration Committee
Komite HRD dan Remunerasi terdiri dari seorang HRD and Remuneration Committee consists of a
Ketua dan dua orang anggota. Tugas utama komite Chairman and two members. The committee’s main
adalah menyusun dan menentukan nominasi dan task is to prepare the nominations and to determine
remunerasi bagi jajaran Komisaris, Direksi dan the range and remuneration for Commissioners,
Komite Audit. Selain itu juga mengkaji dan mem- Board of Directors and Audit Committee. In
berikan rekomendasi mengenai jumlah, susunan, addition, to examine and provide recommenda-
dan kriteria bagi Direksi dan Dewan Komisaris, tions on the amount, layout, and the criteria for the
serta mengevaluasi kinerja Dewan Komisaris dan Board of Directors and Board of Commissioners,
Direksi. and to evaluate the performance of the Board of
Commissioners and Directors.
Pada tahun 2008, Komite HRD dan Remunerasi In 2008, HRD Committee and Remuneration
diperbaharui susunan personalianya menjadi se- Committee updated its order to be as follows:
bagai berikut:
Ketua : Dr. H.M. Wasisto Budiharsoyo, MA. Chairman : Dr. H.M. Wasisto Budiharsoyo, MA.
Anggota : Raymond Bernardus Member : Raymond Bernardus
Anggota : Albert J. Bangun Member : Albert J. Bangun
79
Komite Kepatuhan Compliance
DAN Resiko and Risk Committee
Peran dan tanggung jawab. Peran komite ini adalah Compliance and Risk Committee is responsible to
untuk membantu Direksi dan Dewan Komisaris identify and analyze the risks that threaten the Com-
dalam memastikan dan melakukan ketaatan atas pany and to provide recommendations on making
peraturan perundang-undangan yang berlaku decisions regarding the company’s performance,
dan melakukan analisa atas berbagai resiko yang so it would comply with the applied regulations and
mungkin timbul dan memberikan rekomendasi good corporate governance, and to report them to
atas tindakan-tindakan untuk mencegah timbulnya the Board of Commissioners.
resiko-resiko. Termasuk memberikan analisa dan

pengaruh terhadap estimasi cadangan, kontrak
hukum, politik, keselamatan dan aspek-aspek ling-
kungan.
Pada tahun 2008, Komite Kepatuhan & Resiko In 2008, Risk & Compliance Committee updated its
diperbaharui susunan personalianya menjadi se- members to be as follows:
bagai berikut:
Ketua : Dato’ R. Rajakumaran Chairman : Dato ‘R. Rajakumaran
Anggota : Saur M. Silalahi Member : Saur M. Silalahi
Anggota : Anny Puspita Sari Member : Anny Puspita Sari
Perkara Hukum dan Litigations and

Status Penyelesaiannya its Settlement Status
Berdasarkan putusan Pengadilan Negeri Jakarta Based on the verdict of the court of South Jakarta
Selatan Nomor: 1445/Pdt.G/2007/Jak.Sel. ter- No: 1445/Pdt.G/2007/Jak.Sel. dated 3 April
tanggal 3 April 2008, Perseroan dan salah satu 2008, the Company and one of its subsidiaries,
anak Perusahaan, yaitu PT Modal Investasi Mineral namely PT Modal Investasi Mineral has taken legal
mengambil upaya hukum banding atas putusan efforts to appeal on DKI Jakarta High Court interim
sela di Pengadilan Tinggi DKI Jakarta agar peng- meascure, for the court to reject the exception of
adilan menolak eksepsi para tergugat (sekarang the accused (now the Appealed) regarding the
para Terbanding) mengenai kewenangan kompen- authority of absolute competence for all that the
tensi absolut tersebut untuk seluruhnya agar me- Court to declare that the South Jakarta District Court
nyatakan Pengadilan Negeri Jakarta Selatan ber- is authorized to review and adjudicate the matter.
wenang untuk memeriksa dan mengadili perkara. The accused is a minority of shareholders who have
Para tergugat adalah kelompok pemegang saham 30% of total number of shares in PT Mega Alam
minoritas yang memiliki total sejumlah 30% saham Sejahtera. This case does not affect the financial

dalam PT Mega Alam Sejahtera. Perkara tersebut condition of the Company and its subsidiaries.
tidak mempengaruhi kondisi keuangan Perseroan
maupun anak perusahaan Perseroan dimaksud.
Berdasarkan surat Nomor 06/A-KH/FR/III/2009 Based on letter No. 06/A-KH/FR/III/2009 dated

tanggal 2 Maret 2009 tentang Pencabutan Akta 2 March 2009, letter of Appeal Revocation
Banding Perkara No.13/Pdt/6/2007/-PN-TJR No.13/Pdt/6/2007/-PN-TJR (Verdict) of the
(Putusan) dari Kantor Bantuan Hukum Fransisco, Legal Aid Office Francisco, SH. MH. Consultants &
SH. MH. & Rekan yaitu Konsultan Hukum Pihak Partners, Law consultant of the accused party,
Tergugat yang adalah kelompok pemegang saham which is a minority of shareholders who have
minoritas yang memiliki total sejumlah 30% saham a total amount of 30% shares in PT Mega Alam
80
dalam PT Mega Alam Sejahtera, dan surat Nomor Sejahtera and the number 018/P/RHH/III/2009
018/P/RHH/III/2009 tanggal 30 Maret 2009 letter dated 30 March 2009 on letter of Appeal
tentang Permohonan Pencabutan Perkara Revocation No.1445/Pdt.G/2007/PN. Jo Jak
No.1445/Pdt.G/2007/PN.Jak.Sel Jo putusan Sel interim meascure No. 320/PDT/2008/PT.DKI
sela Nomor 320/PDT/2008/PT.DKI dari Kantor from the Office of Rufinus Hotmaulana Consultants
Hukum Rufinus Hotmaulana & Partners yaitu & Partners as the Company’s Law consultant and
Konsultan Hukum Perseroan dan PT Modal Investasi PT. Modal Investasi Mineral, the parties have
Mineral, para pihak telah mengajukan permohonan applied for the appeal revocation of that
pencabutan perkara yang terjadi diantara kedua occurred between the two sides to the Head of the
belah pihak kepada Ketua Pengadilan Negeri District Court South Jakarta, because each party
Jakarta Selatan, dikarenakan masing-masing pihak has reached settlement outside the court, which is
telah mencapai perdamaian diluar persidangan recorded in the Joint Certificate Number 03 with
yang dituangkan dalam Akta Kesepakatan Bersa- dated 5 November 2008 made before Hasan
ma Nomor 03 tanggal 5 Nopember 2008 yang Halim, SH, M. KN Notary in Balikpapan. At the
dibuat dihadapan Hasan Halim, SH, M.Kn Notaris time of this revocation request is submitted for
di Balikpapan. Pada saat ini permohonan pen- processing at the South Jakarta District Court.
cabutan tersebut sedang diajukan untuk diproses
pada Pengadilan Negeri Jakarta Selatan.
Manajemen Human Resources

Sumber Daya Manusia Management
Perseroan menyadari pentingnya sumber daya The Company realizes the importance of human
manusia merupakan salah satu aset utama yang resources as one of the main assets that play
memegang peranan penting dalam menunjang an important role in supporting the success of a
keberhasilan usaha Perseroan. Untuk menjaga business partnership. To maintain the loyalty and
loyalitas dan dedikasi yang tinggi dari para dedication of its employees, human resources
karyawannya, pengembangan sumber daya development program is one of the vital attentions
manusia merupakan salah satu program kerja of the Company.
penting Perseroan.
Untuk meningkatkan kesejahteraan karyawan, To improve the welfare of employees, in addition

disamping membayar upah sesuai dengan stan- to pay wages in accordance with the standards
dar yang ditetapkan Pemerintah, Perseroan juga guided by the rules and regulation of the authori-
mengikutsertakan para karyawannya dalam pro- ties, the Company also include its employees in
gram Jaminan Sosial Tenaga Kerja (Jamsostek) dan the Work Social Security program (Jamsostek) and
Asuransi Kesehatan. Health Insurance.
Perencanaan dan HR Planning and

Pengembangan SDM Development
Perseroan menerapkan sistem Competency-Based The Company operates a system of Competency-

Human Resources Management (CBHRM) yang Based Human Resources Management (CBHRM),
digunakan sebagai dasar dalam setiap pengam- used as the basis for every decision-making con-
bilan keputusan yang menyangkut sumber daya cerning human resources, such as recruitment and
manusia, seperti rekrutmen dan seleksi, pelatihan selection, training and development, career plan-
81 dan pengembangan, perencanaan karir dan se- ning and so forth.
bagainya.
Perseroan mengalokasikan biaya tenaga kerja un- The Company allocates the cost of labor for the
tuk program pelatihan dan pengembangan yang training program and development of systems
berlandaskan pada sistem pengembangan kompe- based on the development of competence through
tensi melalui pendidikan dan pelatihan yang meli- education and training, which includes increas-
puti peningkatan pengetahuan dan keterampilan ing the knowledge and skills that are grouped as
dikelompokkan sebagai berikut: follows:
1. Pelatihan Manajemen 1. Management Training

Fokus pada peningkatan kemampuan para Focuses on increasing the ability of the
pemimpin struktural structural leaders
2. Pelatihan Teknis 2. Technical Training

Fokus pada area bisnis utama. Focuses on the main business area.
3. Pelatihan Umum 3. General Training

Pelatihan yang berkaitan dengan upaya untuk Training related in efforts to build a company
membangun budaya perusahaan, peningkatan culture, motivation driving for achievement,
motivasi untuk berprestasi, ketrampilan communication skills, etc.
komunikasi, dll
Manajemen SDM HR Management
Dengan tujuan menarik dan mempertahankan in- With the goal of engaging and maintaining the
dividu yang berpotensi, Perseroan merancang dan individual potential, the Company has designed
menerapkan suatu strategi untuk mempertahankan and implemented a strategy to retain and motivate
dan memotivasi karyawan secara inovatif dan employees in innovative and competitive ways. The
kompetitif. Secara regular Perseroan memastikan Company regularly ensures that the compensation
bahwa kompensasi yang diterima karyawan, se- the staff received is always updated in par with
lalu bersaing dan cukup menarik dibandingkan other companies in the same industry.
industri yang sama.
Sistem Informasi SDM HR Information System
Sistem informasi SDM ini membantu untuk mem- Human resources information system helps expand
perluas layanan SDM secara efektif dan efisien. the human resource effectively and efficiently.

PT ATPK Resouces Tbk. telah menerapkan program PT ATPK Resouces Tbk. has implemented a data
data base karyawan yang memungkinkan karya- base program that allows employees to access HR
wan untuk mengakses informasi SDM yang relevan, relevant informations, and to do their own relevant
melakukan sendiri proses administrasi SDM yang HR administration processes. Information Tech-
relevan. Teknologi sistem informasi ini didukung nology system is supported with the use of HR Infor-
dengan penggunaan Sistem Informasi SDM yang mation System that is developed together with the
kami kembangkan sendiri bersama dengan bagian IT Department.
IT.
82
Komposisi Karyawan Composition of

ATPK Group ATPK Group’s EmployeeS
Jumlah karyawan Perseroan dan anak-anak perusa- The number of employees of the Company and
haan sampai dengan tanggal 31 Desember 2008 its subsidiaries until 31 December 2008 are 158
tercatat sebanyak 158 orang dengan komposisi people with the following composition:
sebagai berikut :
Komposisi Karyawan ATPK group Menurut Jenjang Pendidikan

Composition ATPK group’s employee Based on educational Background
Jumlah Karyawan
Total employee s2 s1 D3 sLTA sLTP
158 9 22 13 31 83
Komposisi Karyawan ATPK group Menurut Jenjang Manajemen

Composition ATPK group’s employee Based on Managerial Level
Jumlah Karyawan senior Non

Total employee Direksi Manager Manager staff staff
158 6 9 12 21 110
83
DATA PERUSAHAAN
CORPORATE DATA
Struktur Company’s
Organisasi Organizational
Perseroan Structure
ATPK
BOARD OF COMMISSIONERS
PRESIDENT COMMISSIONER : DATO’ R RAJAKUMARAN
INDEPENDENT COMMISSIONER : ANWAR PULUKADANG
AUDIT COMMITTEE
1. ANWAR PULUKADANG
2. ABDUL FICAR HADJAR SH, MH
3. DARMAN AMRAN
BOARD OF DIRECTORS
PRESIDENT DIRECTOR
Dr. H.M. WASISTO BUDIHARSOYO, M.A
LEGAL ADVISOR
CORPORATE FINANCE, IT,

HRD DIRECTOR DIRECTOR FOR SPECIAL SPECIAL PROJECT
BUSINESS DEVELOPMENT & MINING DIRECTOR OPERATION DIRECTOR
Dr. H.M. WASISTO BUDIHAR- PROJECT MEDAN DIRECTOR

INVESTMENT DIRECTOR SAUR M SILALAHI RAYMOND A. BERNARDUS
SOYO, M.A AKHMAD TAUFIK DHARWAN WIDJAJA
AZAHAR ZAINI
*) Bapak Azahar Bin Zaini meninggal pada tanggal 9 Nopem- *) Mr. Azahar Bin Zaini deceased on 9 November
ber 2008 dan sebagai pengganti sementara sesuai hasil 2008 and based on the Resolution of Directors of the
rapat direksi tanggal 23 Desember 2008 adalah Bapak Company on 23 December 2008 appointed Mr.
Raymond Bernardus. Raymond Bernardus as the temporary replacement.
Struktur kepemilikan Company’s

perusahaan dalam ke- Ownership
lompok usaha Perseroan Structure 84
PT. ATPK RESOURCES Tbk.
96,77% 99% 99%
PT. ATPK Power PT. ATPK Energy

MIM
Resources Resources
99% 70,24% 70% 70% 70% 70% 70% 80% 70% 1% 99% 99%
PT. MCP PT. WBM PT. SMS PT. MAS PT. SMU PT. DAMANKA PT. TCM PT. MIM GT PT. MIM NM PT. OGM PT. EGP
1%
DATA PERUSAHAAN
CORPORATE DATA
I. PT ATPK Power Resources I. PT ATPK Power Resources
Kegiatan Usaha Business Activities

Perseroan mendirikan PT. ATPK Power The Company established PT. ATPK Power
Resources pada tahun 2006 sebagai anak Resources in 2006 as its subsidiary engaged
perusahaan yang bergerak di industri pem- in independent power producer sector (private
bangkit listrik swasta (independent power power plant). Until the end of 2008, PT. ATPK
producer/IPP). Hingga akhir tahun 2008, Power Resources remains in business develop-
PT. ATPK Power Resources masih dalam tahap ment stage od utilization of the potential
pengembangan bisnis untuk memanfaatkan geothermal energy as a source of power/
potensi tenaga panas bumi sebagai sumber electricity.
energi untuk pembangkit listrik.
Dalam tahun 2008, PT ATPK Power Resources In 2008, PT ATPK Power Resources have re-
telah memperoleh rekomendasi dan persetuju- ceived recommendations and approval from
an baik dari Gubernur maupun Bupati Kepala the Governor and Regent of the local area to
Daerah setempat untuk melakukan survey pen make a preliminary survey concerning the uti-
dahuluan pemanfaatan panas bumi di tiga lization of geothermal energy located in
lokasi wilayah panas bumi di Sulawesi. Tiga 3 (three) geothermal potential areas in Sulawe-
lokasi Wilayah Kuasa Penambangan (WKP) si. They are located in (i) Gunung Ambang,
panas bumi tersebut berada di Gunung Am- Modayag District, Bolaang Mongondow
bang, Kecamatan Modayag, Kabupaten Regency (ii) Gunung Dua Saudara, City of
Bolaang Mongondow, kemudian di Suwawa, Bitung, both in North Sulawesi Province and
Kabupaten Bone Bolango, Propinsi Gorontalo (iii) Suwawa, Bone Bolango Regency, Goron-
dan di Gunung Dua Saudara, Kota Bitung, talo Province.
Propinsi Sulawesi Utara.
Komposisi Kepemilikan Saham Distribution of Shareholders

PT. ATPK Power Resources PT. ATPK Power Resources

Rp. 1.000.000 per saham / Share
No Pemegang saham
Percentage
No. of Shares (%)
1 PT. ATPK Resources Tbk. 99 99

85
2
Adam Menteri Radja 1 1
Jumlah Saham Beredar / 100 100

Total Shares Issued and Outstanding
Saham dalam Portepel / 280 -

Shares in Portfolio
DATA PERUSAHAAN
CORPORATE DATA
II. PT ATPK Energy Resources II. PT ATPK Energy Resources

PT. ATPK Energy Resources didirikan pada ta- PT. ATPK Energy Resources established in
hun 2006 sebagai anak perusahaan Persero- 2006 as a subsidiary of the Company fo-
an yang fokus di bidang energy, khususnya cusing in the field of energy especially in oil
pada aktivitas eksplorasi dan produksi mi- and gas exploration & production activity. In
nyak dan gas bumi. Pada bulan September September 2007 PT. ATPK Energy Resources
2007 PT. ATPK Energy Resources telah menan- has signed a Memorandum of Understanding
datangani Memorandum of Understanding (MoU) with KUMPA Consortium consist of a
(MoU) dengan Konsorsium KUMPA yang ter- Village Cooperative Unit (KUD) Widoro Kan-
diri dari Koperasi Unit Desa (KUD) Widoro dang, PT. Multi Daya Tunggal, PT. Putri Sakti
Kandang, PT. Multi Tunggal Daya, PT. Putri Delta Nusantara and PT. Anugrah Global Esa
Delta Sakti Nusantara, dan PT. Anugrah Glo- to re-operate, up-lift & transport oil from
bal Esa untuk melakukan pengelolaan lapang- several old-aged oil wells located in Gabus oil
an sumur minyak tua di Kecamatan Gabus, field, Grobogan Regency, Central Java
Kabupaten Grobogan Purwodadi, Jawa Province.
Tengah.
Hingga akhir tahun 2008 kegiatan utama Until the end of 2008 the main activities in re--
dalam pengelolaan sumur minyak Gabus ada- operation and crude oil exploitation at Gabus
lah aktivitas pembersihan dan perbaikan su- oil well consists of well cleaning and well im-
mur serta melakukan uji produksi minyak untuk provement/strengthening activities and oil ex-
program 10 sumur tua tahap pertama dari ploitation in the form of trial oil production
total 46 sumur tua yang tersebar dan berada from some of the old oil wells. There are a total
di lapangan Gabus. Uji Produksi menunjukkan 46 old oil wells in Gabus. So far, the trial pro-
masih adanya keterdapatan minyak mentah duction indicated that there are still crude oil
pada 6 sumur tua dari 10 sumur yang telah reserve in 6 (six) old wells out of 10 (ten) old

dilakukan pembersihan dan perbaikan sumur. wells that have been cleaned up and repaired.
Dalam tahun 2008 PT ATPK Energy Resources In 2008 PT ATPK Energy Resources together
bersama dengan mitra kerjasamanya yaitu with its partner, namely PT Anugrah Global
PT Anugrah Global Esa telah memperoleh re- Esa has obtained a recommendation from the
komendasi dari Bupati Grobogan, Jawa Teng- Regent of Grobogan Regency, Central Java
ah untuk membentuk konsorsium dengan pe- Province, to form a consortium with its Re-
rusahaan milik Pemerintah Kabupaten Gro- gional Government Company for the purpose
bogan dalam rangka pengusahaan lapangan of managing the “Gabus” oil field. The re-
minyak “Gabus”. Rekomendasi tersebut me- commendation is a result of the Company’s
rupakan hasil upaya untuk meningkatkan sta- strategy to enhance the status of the current 86
tus kontrak kerjasama konsorsium PT ATPK “Up-lift & Transport” contract into the form a
Energy Resources PT Anugrah Global Esa dan PSC type contract such as Joint Operation Con-
KUD “Widorokandang” dengan Pertamina tract or Kerja Sama Operasi (KSO) with
yang telah berjalan selama ini yaitu pember- Pertamina.
dayaan sumur-sumur Migas tua atau oil up –
lifting dan transport menjadi bentuk kontrak
Kerja Sama Operasi (KSO) dengan Pertamina.
DATA PERUSAHAAN
CORPORATE DATA
Peningkatan status kontrak kerjasama ke ben- Upgrading the contract status from the current
tuk Kerjasama Operasi atau Service Contract “Up-lift & Transport” Contract into a PSC type
dengan pihak Pertamina memungkinkan anak contract, such as Joint Operation Contract with
perusahaan Perseroan tersebut melakukan eks- Pertamina will allow the Company’s sub-
plorasi dan produksi minyak pada lapisan ta- sidiaries to conduct a normal exploration and
nah yang lebih dalam dan di area yang lebih production activity in deeper formation and
luas dari yang ada saat ini, untuk menggapai within a wider area to achieve better pro-
tahapan produksi yang lebih besar. duction result.
Sehubungan rencana peningkatan status kon- With plans to enhance the current “Up-lift &
trak kerjasama tersebut, PT ATPK Energy Re- Transport” contract status, PT ATPK Energy Re-
sources mendirikan PT Energi Gabus Pratama. sources established PT Energi Gabus Pratama,
(see below)

PT. ATPK Energy Resources PT. ATPK Energy Resources

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. ATPK Resources Tbk. 99 99
2 Adam Menteri Radja 1 1


Shares in Portfolio
Anak Perusahaan PT. ATPK Energy Resources’

PT ATPK Energy Resources Subsidiaries
87
1. PT. Otoma Global Mitra 1. PT. Otoma Global Mitra
(OGM) (OGM)
Pada bulan Nopember 2007, PT. ATPK In November 2007, PT. ATPK Energy
Energy Resources telah mengakuisisi 99% Resources has acquired 99% shares of
saham PT. Otoma Global Mitra (PT. OGM), PT. Otoma Global Mitra (PT. OGM), a
suatu perusahaan penyedia alat-alat untuk Company supplying goods and equipments
kegiatan eksplorasi dan produksi industri for exploration and production industries in
minyak dan gas bumi. oil and gas sector.
DATA PERUSAHAAN
CORPORATE DATA
PT. OGM telah melayani industri minyak PT. OGM has served the oil industry and
dan gas bumi di Indonesia sejak tahun gas in Indonesia since 2001. PT. OGM is
2001. PT. OGM merupakan perusahaan a service company in the field of oil and
jasa di bidang minyak dan gas yang fokus gas fields that focus on the procurement of
di bidang pengadaan barang-barang/ goods / equipment and services to explo-
peralatan dan jasa untuk kegiatan eksplo- ration and production activities and solu-
rasi dan produksi serta solusi peningkatan tions in increasing the oil and gas pro-
produksi minyak dan gas. Setelah akuisisi duction. After the acquisition in November
pada Nopember 2007, PT. OGM telah 2007, OGM has been appointed by
ditunjuk oleh PT. ATPK Energy Resources PT. ATPK Energy Resources as the manager
sebagai pelaksana kegiatan pengelolaan for the Gabus old oil wells exploitation
sumur minyak tua di Lapangan Gabus, activities.
Kabupaten Purwodadi.

PT. Otoma Global Mitra PT. Otoma Global Mitra

Rp. 100.000 per saham / Share
No Pemegang saham
Percentage
No. of Shares (%)
1 PT. ATPK energy Resources 7.425 99
2 PT. ATPK Power Resources 75 1
Jumlah Saham Beredar / 7.500 100

Saham dalam Portepel / 2.500 -

Shares in Portfolio
2. PT. Energi Gabus Pratama 2. PT. Energi Gabus Pratama

(EGP) (EGP)
88
Sehubungan rencana peningkatan status In line with the enhancement effort of the
kontrak “Angkat dan Angkut” yang telah di status of the current “Up-lift & Transport”
jalankan oleh konsorsium PT ATPK Energy contract by the consortium of PT ATPK
Resources, PT Anugrah Global Esa dan Energy Resources, PT Anugrah Global Esa
KUD “Widorokandang” dengan Perta- and KUD “Widorokandang” with Perta-
mina; maka PT ATPK Energy Resources mina; PT ATPK Energy Resources esta-
mendirikan PT Energi Gabus Pratama blished PT Energi Gabus Pratama (EGP),
(EGP) yang khusus akan menangani ke- which will specifically handle the “Gabus”
giatan lapangan minyak “Gabus” ber- oil field located in Grobogan Regency,
lokasi di Kabupaten Grobogan/Purwo- Central Java Province. EGP was established
DATA PERUSAHAAN
CORPORATE DATA
dadi, Jawa Tengah. EGP didirikan pada on 25 March 2008 with an authorized
tanggal 25 Maret 2008 dengan modal capital of Rp 1,000,000,000,-. EGP paid
dasar Rp 1.000.000.000,- dan modal up capital is Rp 250,000,000, divided
setor awal Rp 250.000.000,- yang terbagi into 2500 shares at par value of
atas 2.500 saham, berdomisili di Jakarta Rp. 100,000 per share, domiciled in South
Selatan dengan susunan kepemilikan sa- Jakarta. The composition of EGP ownership
ham PT ATPK Energy Resources sejumlah is 2.475 shares by PT ATPK Energy
2.475 saham (99%) dan PT ATPK Power Resources and 25 shares by PT ATPK
Resources sejumlah 25 saham (1%). EGP Power Resources. EGP has obtained
telah memperoleh pengesahan dari approval from the Ministry of Law and
Menteri Hukum dan Hak Asasi Manusia Human Rights through the letter No deci-
melalui surat keputusan No. AHU-24269. sion. AHU-24269.AH.01.01 Year 2008
AH.01.01 Tahun 2008 tanggal 9 Mei on 9 May 2008.
2008.

PT. Energi Gabus Pratama PT. Energi Gabus Pratama

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. ATPK energy Resources 2.475 99
2 PT. ATPK Power Resources 25 1



Shares in Portfolio
III. PT. Modal Investasi Mineral III. PT. Modal Investasi Mineral
89 (MIM) (MIM)

Sejalan dengan masuknya Perseroan pada In line with the Company’s intention to
bisnis pertambangan, maka pada bulan enter into resources business, especially
Desember 2006 Perseroan telah melaku- in the field of coal mining business, in
kan penyertaan saham pada PT MIM. December 2006 the Company has made
Kegiatan usaha PT MIM adalah di bidang investment in the form of 96.77% shares
pertambangan batubara, nikel, dan di ownership of MIM. MIM’s core business
bidang jasa terkait. includes coal mining, nickel, and related
services in the field coal and mineral
mining sector.
DATA PERUSAHAAN
CORPORATE DATA
Pada bulan Desember 2007, konsorsium In December 2007, a consortium of

PT. MIM dan dua anak perusahaannya, PT. MIM and two subsidiaries, namely
yakni PT. Mega Alam Sejahtera dan PT. Mega Alam Sejahtera and PT. Sarana
PT. Sarana Mandiri Utama lulus prakuali- Mandiri Utama pass pre-qualifications held
fikasi yang diadakan oleh PT. PLN (Persero) by PT. PLN (Persero) for the company’s po-
untuk perusahaan calon pemasok batubara tential low-rank coal suppliers / Low Rank
peringkat rendah/Low Rank Coal (LRC) Coal (LRC) and are invited to attend the
dan diundang untuk mengikuti proses next auction.
pelelangan selanjutnya.
Selanjutnya dalam tahun 2008 Konsorsium Furthermore in the year 2008, the Con-
PT Modal Investasi Mineral (MIM) dengan sortium of PT Modal Investasi Mineral
PT Mega Alam Sejahtera (MAS) dan (MIM), PT Mega Alam Sejahtera (MAS)
PT Sarana Mandiri Utama (SMU), sebagai and PT Sarana Mandiri Utama (SMU), as
salah satu pemenang pelelangan peng- one of the bidding winner for the low rank
adaan batubara peringkat rendah untuk coal supply to PLTU 2 North Sulawesi
PLTU 2 Sulawesi Utara (Manado) 2x25 (Manado) 2x25 MW, PLTU Gorontalo
MW, PLTU Gorontalo 2x25 MW, PLTU 2x25 MW, PLTU North Maluku (Ternate)
Maluku Utara (Ternate) 2x7 MW, menan- 2x7 MW, and has signed “Letter of Intent”
datangani “Letter of Intent” (LOI) dengan (LOI) with PT PLN (Persero). The Sales and
pihak PT PLN (Persero). Adapun perjanjian Purchase Agreement will be signed if the
jual beli batubara akan ditandatangani specified requirements in the LOI are
jika hal-hal yang ditentukan dalam LOI fulfilled.
telah terpenuhi.

PT. Modal Investasi Mineral PT. Modal Investasi Mineral

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. ATPK Resources Tbk. 30.000 96,77
2 h.M. wasisto Budiharsoyo, MA 950 3,07
3 ike Mayasari, se 50 0,16 90



Shares in Portfolio
DATA PERUSAHAAN
CORPORATE DATA
Anak Perusahaan Subsidiaries of

PT. Modal Investasi Mineral PT. Modal Investasi Mineral
MIM memiliki penyertaan pada dan mengope- MIM own and operates 5 (five) coal mining
rasikan lima perusahaan pertambangan batu subsidiary companies with the mining area
bara dengan daerah operasi di Pulau Suma- scattred in the island of Sumatra and Kaliman-
tera dan Pulau Kalimantan. Selain itu MIM tan. In addition, MIM also own and operates
memiliki dua anak perusahaan di bidang per- 2 (two) subsidiary companies in the fields of
tambangan nikel, dan satu anak perusahaan nickel mining, and 1 (one) subsidiary in
di bidang jasa pertambangan. enggaged in mining services sector.
Ditahun 2008 MIM mendirikan Perseroan In 2008, MIM established a 70% owned sub-
Terbatas PT. MIM Coal Power (MCP) yang ter- sidiary Company, PT. MIM Coal Power (MCP),
maktub dalam Akta pendirian Nomor 1 tang- Deed No. 1 dated 6 September 2008, made
gal 6 September 2008, yang dibuat di ha- before Sukarno, SH, Notary in Balikpapan,
dapan Sukarno, SH, Notaris di Balikpapan, and duly obtained approval from the Ministry
dan telah mendapat persetujuan dari Menteri of Law and Human Rights Republic of Indo-
Hukum dan Hak Asasi Manusia Republik Indo- nesia No. AHU-85888.AH .01.01. Year 2008
nesia Nomor AHU-85888.AH.01.01. Tahun dated 13 November 2008, domiciled in Balik-
2008 tanggal 13 Nopember 2008, berkedu- papan.
dukan di Balikpapan.
Berikut deskripsi singkat anak-anak perusaha- Below the brief description of subsidiaries of
an PT. MIM: PT MIM :
1. PT Saptajaya Menjak 1. PT Saptajaya Menjak

Sengewari (SMS) Sengewari (SMS)

SMS adalah perusahaan yang bergerak di SMS engaged in coal mining sector. SMS
bidang pertambangan batu bara. SMS possess the Coal Exploitation permit No.
merupakan perusahaan pemegang Kuasa 05/KP Eksploitasi/D11/2003, dated 1
Pertambangan Eksploitasi No. 05/KP Eks- August 2003, issued by the Regent of Lam-
ploitasi/D11/2003, tertanggal 1 Agustus pung Tengah Regency, Lampung Province,
2003, dikeluarkan oleh Bupati Lampung covering area of 2,000 Ha located in Lam-
Tengah, yang mencakup area seluas pung Tengah District, Lampung Province,
2.000 Ha yang terletak di Kabupaten Lam- with a validity period 10 (ten) years,
pung Tengah, Propinsi Lampung, dengan starting 1 August 2003 until 1 August
91 masa berlaku 10 (sepuluh) tahun, terhitung 2013.
sejak tanggal 1 Agustus 2003 sampai
dengan 1 Agustus 2013.

DATA PERUSAHAAN
CORPORATE DATA

PT. Saptajaya Menjak Sengewari PT. Saptajaya Menjak Sengewari

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 420 70
2 Achri Panca Negara Arsyad Temenggung 150 25
3 Amin Fauzi Arsyad Temenggung 30 5


Shares in Portfolio
Di bulan Maret 2008, Perseroan menyam- In March 2008, the Company submitted
paikan keterbukaan informasi tentang hasil Information Disclosure about the results of
kajian Tim PT Modal Investasi Mineral the research team of PT Modal Investasi
(PT MIM) atas batubara di area pertam- Mineral (MIM) on the coal mining area of
bangan PT Saptajaya Menjak Sengewari PT Saptajaya Menjak Sengewari that it is
yang tidak layak untuk dilanjutkan penam- not feasible to proceed with commercial

bangan komersial diantaranya karena jum- mining due to the limited number of coal
lah cadangan batubara yang kecil. Oleh reserves. Therefore PT MIM has a plan to
karenanya PT MIM berencana untuk me- release its shares in PT Saptajaya Menjak
lepaskan kepemilikan sahamnya di PT Sengewari.
Saptajaya Menjak Sengewari.
2. PT Mega Alam Sejahtera 2. PT Mega Alam Sejahtera

(MAS) (MAS)

MAS adalah perusahaan yang bergerak di MAS engaged in coal mining sector. MAS 92
bidang pertambangan batu bara. MAS possess the Mining and Exploitation per-
merupakan perusahaan pemegang Kuasa mit No. 382 of 2006, dated 17 October
Pertambangan Eksploitasi No. 382 tahun 2006, issued by the Regent of Berau Regen-
2006, tertanggal 17 Oktober 2006, dike- cy, East Kalimantan Province, covering
luarkan oleh Bupati Berau, yang mencakup area of 3.274 Ha, located in the Berau
area seluas 3,274 Ha yang terletak di Ka- Regency, East Kalimantan Province, with a
bupaten Berau, Propinsi Kalimantan Timur, validity period for 20 (twenty) years,
dengan masa berlaku 20 (dua puluh) ta- starting 17 October 2006 to 17 October
hun, terhitung sejak tanggal 17 Oktober 2026.
2006 sampai dengan 17 Oktober 2026.
DATA PERUSAHAAN
CORPORATE DATA

PT. Mega Alam Sejahtera PT. Mega Alam Sejahtera

Rp. 250.000 per saham / per Share
No Pemegang saham
Percentage
Amount of Shares (%)
1 PT. MiM 350 70
2 susanto *) 150 30


Shares in Portfolio
*) Pada tanggal 20 Nopember 2008 berdasarkan Akta Per- *) On 20 November 2008 based on Deed of Resolution of
nyataan Keputusan Para Pemegang Saham nomor 19, yang Statement Shareholders number 19, made before Hasan
di buat di hadapan Hasan Halim SH, , Notaris di Balikpa- Halim SH, Notary in Balikpapan, there have been some
pan telah terjadi perubahan pemegang saham, perubahan changes , Article 1 clause 2, Article 10, and Article 12 as
pasal 1 ayat 2, pasal 10, dan pasal 12 serta perubahan well as changes of Board, and the acts have been reported
pengurus, akta tersebut telah dilaporkan dan diterima oleh to the Ministry of Justice and Human Rights of the Republic
Menteri Hukum dan Hak Asasi Manusia Nomor AHU-AH. of Indonesia, No. AHU-AH.01.10.00958, dated 26 Fe-
01.10.00958, tanggal 26 Pebruari 2009. bruary 2009.
3. PT Sarana Mandiri Utama 3. PT Sarana Mandiri Utama

(SMU) (SMU)

SMU adalah perusahaan yang bergerak di SMU engaged in coal mining sector,
sektor pertambangan batu bara yang me- possess Coal Exploitation Permit No. 403/
megang Kuasa Pertambangan Eksploitasi K-VI/540/2006 dated 20 June 2006,
No. 403/K-VI/540/2006 tertanggal 20 issued by the Regent of Bulungan Regency,
Juni 2006, diterbitkan oleh Bupati Bulung- East Kalimantan Province covering an area
an, yang mencakup area seluas 2.000 Ha, of 2000 Ha, located in Sengkong and
terletak di Desa Sengkong, Dusun Menjalu- Menjalutung Village, District Sesayap Hilir,
93 tung, Kecamatan Sesayap Hilir, Kabupaten Bulungan Regency, East Kalimantan Pro-
Bulungan, Propinsi Kalimantan Timur, kode vince; the area code DPE 64 PP 25 018,
area DPE 64 PP 25 018, dengan masa with a validity period five (5) years, from
berlaku 5 (lima) tahun, terhitung sejak tang- the date of 20 June 2006 until 20 June
gal 20 Juni 2006 sampai dengan tanggal 2011.
20 Juni 2011.
DATA PERUSAHAAN
CORPORATE DATA

PT. Sarana Mandiri Utama PT. Sarana Mandiri Utama

No Pemegang saham
Percentage
No.of Shares (%)
1 PT. MiM 1.050 70
2 PT. Permadani Nusantara Mineral *) 450 30


Shares in Portfolio
*) Pada tanggal 30 Mei 2008 berdasarkan akta Pernyataan *) On 30 May 2008 based the Act of Statement of the Extra-
Keputusan Rapat Umum Pemegang Saham Luar Biassa ordinary General Meeting of Shareholders of number 35,
nomor 35, dibuat di hadapan Chandra Lim, SH, made before Chandra Lim, SH, Notary in Tangerang, there
Notaris di Tangerang, telah terjadi perubahan pemegang has been some changes that occur, and the act has been
saham, dan akta tersebut telah dilaporkan pada Menteri reported to the Minister of Justice and Human Rights of the
Hukum dan Hak Asasi Manusia Republik Indonesia, Republic of Indonesia, No. AHU- AH.01.10-16033 on 25
Nomor AHU-AH.01.10-16033 tanggal 25 Juni 2008. June 2008.
4. PT. Damanka Prima 4. PT. Damanka Prima

(Damanka) (Damanka)

Damanka adalah perusahaan yang ber- Damanka engaged in coal mining sector.
gerak di sektor pertambangan batu bara. Damanka possess second extention
Damanka merupakan perusahaan peme- mining exploration permit No. 417/
gang Kuasa Pertambangan Eksplorasi ber- 02.188.45/HK/XII/2005 dated 22 De-
dasarkan Izin Usaha Pertambangan Tahap cember 2005, issueded by the Regent of
Eksplorasi Perpanjangan II PT Damanka East Kutai Regency, East Kalimantan Pro-
Prima No. 417/02.188.45/HK/XII/2005 vince, with covering area of 8,113 Ha,
tanggal 22 Desember 2005, diterbitkan located in Sangatta District, East Kutai
Regency, East Kalimantan Province, Area
94
oleh Bupati Kutai Timur yang mencakup
area seluas 8.113 Ha, terletak di Keca- Code 0511-BB2-KUTIM05, with a validity
matan Sangatta dan Bengalon, Kabupa- period of 2 (two) years, starting 27 Janu-
ten Kutai Timur, Propinsi Kalimantan Timur, ary 2005 until 27 January 2007 and
Kode Wilayah 0511-BB2- KUTIM05, deng- has been extended until 28 February
an masa berlaku 2 (dua) tahun, terhitung 2008. Furthermore, the permit has been
sejak tanggal 27 Januari 2005 sampai upgraded to Coal Mining Exploitation
dengan tanggal 27 Januari 2007 yang Permit on part of the mining areacovering
telah diperpanjang hingga tanggal 28 area of 4923 Ha according to the Decree
Pebruari 2008. Izin tersebut kemudian of The Regent of Kutai Timur Regency, East
DATA PERUSAHAAN
CORPORATE DATA
telah ditingkatkan menjadi Izin Usaha Per- Kalimantan Province, No.188.4.45/54/

tambangan Eksploitasi pada sebagian HK dated 28 January 2008 with a validity
wilayah kuasa pertambangan PT. Daman- period of 10 (ten) years.
ka seluas 4.923 Ha, sesuai dengan Kepu-
tusan Bupati Kutai Timur No.188.4.45/
54/HK tertanggal 28 Januari 2008 deng-
an masa berlaku 10 (sepuluh) tahun.

PT. Damanka Prima PT. Damanka Prima

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 105 70
2 PT. indo-Asia energy Resources 45 30


Shares in Portfolio
5. PT. Tuhup Coal Mining 5. PT. Tuhup Coal Mining

(TCM) (TCM)

TCM adalah perusahaan yang bergerak TCM is a company engaged in coal mining
di sektor pertambangan batu bara. TCM sector. TCM possess the Mining Exploration
merupakan perusahaan pemegang Kuasa Permit No. 121 Year 2005, dated May 6,
Pertambangan Eksplorasi No. 121 Tahun 2005, issued by the Regent of Murung
2005, tertanggal 6 Mei 2005, diterbitkan Raya Regency, Central Kalimantan Pro-
95 oleh Bupati Murung Raya, Provinsi Kali- vince, covering area of 22,180 Ha,
mantan Tengah, mencakup area seluas located in District Laung Tuhup, Murung
22.180 Ha, terletak di Kecamatan Laung Raya Region, Central Kalimantan Province,
Tuhup, Kabupaten Murung Raya, Propinsi with a validity period for 3 (three) years,
Kalimantan Tengah, dengan masa berlaku started on 6 May 2005 until 6 May 2008.
3 (tiga) tahun. Perpanjangan izin Ekplorasi Extention to the Exploration permit is in
sedang dalam proses. process.
DATA PERUSAHAAN
CORPORATE DATA

PT. Tuhup Coal Mining PT. Tuhup Coal Mining

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 350 70
2 Bambang susanto 150 30


Shares in Portfolio
6. PT. MIM Geoservices 6. PT. MIM Geoservices

Technology (MIM GT) Technology (MIM GT)

MIM GT adalah perusahaan yang ber- MIM GT engaged, among others, in tra-
gerak di bidang perdagangan batu bara ding of coal and variety of services inclu-
dan berbagai pelayanan jasa antara lain: ding: management consulting, business de-
jasa konsultasi manajemen, jasa pengem- velopment, geological survey, drilling, ge-

bangan bisnis, jasa di bidang geologi, neral mining contractor, mining consultant,
pengeboran, pemborongan bidang per- oil mining support, gas and geothermal
tambangan umum, konsultasi bidang per- supporting activities also in oil and gas
tambangan, jasa penunjang pertambang- industry.
an minyak, gas dan panas bumi serta jasa
penunjang kegiatan dalam bidang industri
minyak dan gas bumi.
96
DATA PERUSAHAAN
CORPORATE DATA

PT. MIM Geoservices Technology PT. MIM Geoservices Technology

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 800 80
2 ir. Paryanto 200 20


Shares in Portfolio
7. PT. MIM Nikelindo Mulia 7. PT. MIM Nikelindo Mulia

(MIM-NM) (MIM-NM)

MIM-NM dimiliki 70% oleh dan merupa- MIM-NM is a 70% owned and a sub-
kan anak perusahaan MIM yang didirikan sidiary of MIM, which was established in
pada bulan April 2007. MIM-NM berge- April 2007. MIM-NM engaged in the field
rak di bidang pertambangan nikel dan of exploration & production of nickel ore,
memperoleh Kuasa Pertambangan Eksplo- with Mining Exploration permit No.

rasi No.188.45/188/DISTAMBEN&LH ter- 188.45/188/DISTAMBEN&LH dated 23
tanggal 23 Mei 2007 dengan masa ber- May 2007, valid for 2 (two) years for the
laku dua tahun untuk area seluas 9.139 area of 9,139 Ha located in the District of
Ha di Kecamatan Tojo dan Ulubongka, Ka- Tojo and Ulubongka, Tojo Una Una
bupaten Tojo Una Una, Propinsi Sulawesi Regency, Central Sulawesi Province.
Tengah.
Laporan hasil penyelidikan pendahuluan po- Study report from the preliminary inves-
tensi bahan galian endapan laterit nikel di tigations of the potential for mineral depo-
97 daerah Kuasa Pertambangan PT MIM sition in the nickel laterite mining area of
Nikelindo Mulia di Kecamatan Tojo dan MIM-NM in Tojo and Ulubongka district,
Ulubongka, Kabupaten Tojo Una Una, Su- Tojo Una Una Regency, Central Sulawesi,
lawesi Tengah, oleh Lembaga Afiliasi Pene- by the Foundation for Research and Indus-
litian dan Industri Institut Teknologi Bandung trial Affiliation (LAPI-ITB) concluded that the
(LAPI-ITB) menyimpulkan bahwa daerah researched area is not prospective for fur-
penyelidikan tersebut tidak prospektif untuk ther development of the nickel laterite depo-
endapan laterit nikel. Mengingat keadaan sit. Considering the area is not potential to
lapangan yang tidak berpotensi untuk eks- proceed for detail exploration, the com-
plorasi detail, manajemen perusahaan te pany has decided not to conduct further
DATA PERUSAHAAN
CORPORATE DATA
lah memutuskan untuk tidak melakukan exploration activities and has returned the
kegiatan eksplorasi lebih lanjut dan permit to the Local Government of Tojo Una
mengembalikannya kepada Pemerintah Una Regency.
Daerah Kabupaten Tojo Una Una.
Selanjutnya manajemen perusahaan telah The company has tried and acquired new
berusaha dan berhasil mendapatkan ijin exploration mining permit based on Bang-
kuasa pertambangan eksplorasi nikel yang gai Regent Decree No. 541.15/145/
baru melalui surat Keputusan Bupati Bang- DISTAMBEN dated 13 March 2009, valid
gai Nomor 541.15/145/DISTAMBEN for one (1) year. The area is located in the
tanggal 13 Maret 2009 yang berlaku 1 East Luwuk District, Banggai Regency,
(satu) tahun. Tambang tersebut berlokasi Central Sulawesi Province, with total area
di Kecamatan Luwuk Timur, Kabupaten of 4,066 Ha.
Banggai, Propinsi Sulawesi Tengah seluas
4.066 Ha.

PT. MIM Nikelindo Mulia PT. MIM Nikelindo Mulia

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 350 70
2 Ch. Budhi setyani, B.sw 100 20

3 sonny Okta hanaka 10 2
4 syaiful Bahri Tandju mbulu 40 8


Shares in Portfolio
98
8. PT. Wahana Bumi Mulia 8. PT. Wahana Bumi Mulia

(WBM) (WBM)

MIM melakukan penyertaan saham di MIM has shares participation in PT WBM
WBM pada tanggal 7 September 2007. on 7 September 2007. WBM engaged in
WBM merupakan perusahaan yang ber- exploration & production of nickel ore.
gerak di bidang pertambangan nikel dan WBM possess the nickel mining permit No.
DATA PERUSAHAAN
CORPORATE DATA
memegang Kuasa Pertambangan Eksplo- 188.45/134 / DISTAMBEN & LH issued

rasi No. 188.45/134/ DISTAMBEN & LH by the Regent of Tojo Una Una Regency
yang dikeluarkan oleh Bupati Tojo Una-una dated 26 March 2007 with a validity pe-
tertanggal 26 Maret 2007 dengan masa riod for 2 (two) years for the area of
berlaku dua tahun untuk area seluas 18,340 Ha, located in the District Tojo,
18.340 Ha yang terletak di Kecamatan Kabupaten Tojo Una Una Central Sulawesi
Tojo, Kabupaten Tojo Una Una Propinsi Su- Province. Furthermore, based on the De-
lawesi Tengah. Selanjutnya berdasarkan cree of the Regent of Tojo Una Una Regen-
Keputusan Bupati Tojo Una Una Nomor cy No.188.45/12/DISTAMBEN LH dated
188.45/12/DISTAMBEN & LH tanggal 5 5 February 2008, the mining area was re-
Pebruari 2008, dilakukan pengurangan duced to 4,688 Ha and valid for 1 (one)
areal luas Kuasa Pertambangan Eksplorasi year.
Nikel menjadi 4.688 Ha dan berlaku untuk
jangka waktu 1 tahun.
Laporan hasil penyelidikan di area Kuasa The Survey Reports on the nickel mining
Pertambangan nikel PT WBM yang telah areas of PT WBM that have been con-
dilaksanakan oleh Lembaga Afiliasi Peneli- ducted by the Foundation for Research and
tian dan Industri Institut Teknologi Bandung Industrial Affiliation (LAPI-ITB) concluded
(LAPI-ITB) menyimpulkan bahwa area ter- that the area is not prospective for further
sebut tidak prospektif dan penyelidikan lan- investigation nor is it feasible for further
jutan tidak layak untuk dilaksanakan, di- development, due to the limited concentra-
antaranya dikarenakan penyebaran laterit tion of the distribution of Laterite sediment,
hanya dalam area sekitar 150 Ha dengan which is limited to 150 Ha coupled with
kadar logam nikel dan logam ikutannya uneconomical nickel and its other supple-
yang tidak ekonomis, bersifat setempat menting metal with an average thickness of
dan tidak menyebar, dengan ketebalan below common standard.
rata-rata yang dangkal yaitu lebih kurang
1 (satu) meter.
Oleh karena itu berkenaan dengan masa Therefore, eventhough the license validity
berlaku ijin Kuasa Pertambangan Eksplo- for the nickel mining permit of PT Wahana
rasi Nikel PT Wahana Bumi Mulia yang Bumi Mulia expired in 5 February 2009,
sampai 5 Februari 2009, manajemen the company has decided not to extend the
perusahaan telah memutuskan untuk tidak mining exploration permit. Currently, the
memperpanjang ijin kuasa pertambangan company is searching for new nickel mi-
eksplorasinya. Selanjutnya manajemen pe- ning license at new area.
rusahaan sedang melakukan usaha untuk
99 mendapatkan area tambang nikel dan ijin
kuasa pertambangan eksplorasi yang
baru.
DATA PERUSAHAAN
CORPORATE DATA

PT. Wahana Bumi Mulia PT. Wahana Bumi Mulia

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 590 70,24
2 Ramsidah Kelara haloho 140 16,66
3 Dahlia 84 10,00
4 halima Matuhu 26 3,10


Shares in Portfolio
9. PT. MIM Coal Power 9. PT. MIM Coal Power

(MCP) (MCP)
Pendirian Perseroan Terbatas MCP termak- MCP established by Deed No. 1, dated

tub dalam Akta Pendirian Nomor 1 tang- 6 September 2008, made before Sukarno,
gal 6 September 2008, yang dibuat di ha- SH, Notary in Balikpapan, and duly
dapan Sukarno, SH, Notaris di Balikpa- obtained the approval from the Ministry
pan, dan telah mendapat persetujuan dari of Law and Human Rights Republic of
Menteri Hukum dan Hak Asasi Manusia Indonesia No. AHU-85888.AH.01.01.
Republik Indonesia Nomor AHU-85888. Year 2008 dated 13 November 2008.
AH.01.01. Tahun 2008 tanggal 13 No- MCP is a 99% owned and subsidiary of
pember 2008. PT MCP adalah anak per- MIM, domiciled in Balikpapan.
usahaan dari PT MIM, berkedudukan di
Balikpapan.
100
Bidang usaha MCP antara lain bergerak MCP core business, among others are,
dalam bidang pertambangan batu bara, coal and peat mining, coal gasification,
penggalian gambut, gasifikasi batu bara nickel mining, tin and metal, gold, silver,
dan pembuatan briket batu bara, pertam- and independent power producer (IPP).
bangan nikel, timah dan logam, emas,
perak, pembangkit listrik.
DATA PERUSAHAAN
CORPORATE DATA

PT. MIM Coal Power PT. MIM Coal Power

No Pemegang saham
Percentage
No. of Shares (%)
1 PT. MiM 495 99,00
2 Nolla Afitha Paath 5 1,00
Jumlah Saham Beredar / 500 100,00


Shares in Portfolio
101
DATA PERUSAHAAN
CORPORATE DATA
Daftar Alamat Perusahaan Anak Perusahaan /

List of Addresses Subsidiaries of
MIM
PT ATPK Resources Tbk. PT MIM Geoservices Technology

Wisma GKBI 39th Floor, Suite 3901 Plaza Bapindo, Citibank Tower 14th Floor
Jl. Jend. Sudirman Kav 54-55
Jl. Jend. Sudirman No.28
Jakarta 12190, Indonesia
Jakarta 10210, Indonesia P : (62-21) 5266545 F : (62-21) 5266544
P:(62-21) 57998155 F : (62-21) 57998156
PT Mega Alam Sejahtera
Plaza Bapindo, Citibank Tower 14th Floor Plaza Bapindo, Citibank Tower 14th Floor
Jl. Jend. Sudirman Kav 54-55 Jl. Jend. Sudirman Kav 54-55
P : (62-21) 5266545 F : (62-21) 5266544
P : (62-21) 5275550 F : (62-21) 5276979
PT Saptajaya Menjak Sengewari

Plaza Bapindo, Citibank Tower 14th Floor
Anak Perusahaan / Subsidiaries Jl. Jend. Sudirman Kav 54-55
PT ATPK Power Resources (“APR”) P : (62-21) 5266545 F : (62-21) 5266544
PT Sarana Mandiri Utama
P : (62-21) 5266545 F : (62-21) 5266544
PT ATPK Energy Resources (“AER”) P : (62-21) 5266545 F : (62-21) 5266544
PT Tuhup Coal Mining
P : (62-21) 5266545 F : (62-21) 5266544 Jl. Jend. Sudirman Kav 54-55
PT Modal Investasi Mineral (“MIM”) P : (62-21) 5266545 F : (62-21) 5266544

Jl. Jend. Sudirman Kav 54-55 PT Damanka Prima
Jakarta 12190, Indonesia Plaza Bapindo, Citibank Tower 14th Floor
P : (62-21) 5266545 F : (62-21) 5266544 Jl. Jend. Sudirman Kav 54-55
P : (62-21) 5266545 F : (62-21) 5266544
Anak Perusahaan / PT MIM Nikelindo Mulia

Subsidiaries of
AER & APR Jakarta 12190, Indonesia
P : (62-21) 5266545 F : (62-21) 5266544
PT Otoma Global Mitra 102
Sentra Bisnis Artha Gading PT Wahana Bumi Mulia
Blok A 7C No 28 Plaza Bapindo, Citibank Tower 14th Floor
Jl. Raya Boulevard Artha Gading Jl. Jend. Sudirman Kav 54-55
Kelapa Gading Barat, Jakarta 12190, Indonesia
Jakarta 14240, Indonesia P : (62-21) 5266545 F : (62-21) 5266544
P : (62-21) 4585 0020 F : (62-21) 4585 7273
PT MIM Coal Power

PT Energi Gabus Pratama Perum Graha Indah Blok C-3 No.17
Plaza Bapindo, Citibank Tower 14th Floor, RT 60, Batu ampar
Jl. Jend. Sudirman Kav.54-55 Balikpapan Utara,
Jakarta 12190, Indonesia Kalimantan Timur, Indonesia
P : (62-21) 5266545 F : (62-21) 5266544 P : (62-542) 860963 F : (62-542) 860963
DATA PERUSAHAAN
CORPORATE DATA
Lembaga dan Profesi Penunjang

Supporting Institutions
Share Registrar
PT ADIMITRA TRANSFERINDO
Plaza Property Lantai 2
Komplek Pertokoan Pulo Mas Blok VIII No.1
Jl. Perintis Kemerdekaan
Jakarta Timur 13210, Indonesia
P : (62-21) 47881515 (Hunting)
F : (62-21) 4709697
E : adimitra-opr@adimitra-transferindo.co.id
Auditor
HLB HADORI SUGIARTO ADI & REKAN
Wisma Staco 3rd Floor, Suite D
Jl. Casablanca Kav. 18,
Solicitor
Rufinus Hotmaulana & Partners
Menara Kuningan Lt.7, Unit A

Jl. H.R Rasuna Said Blok X-7 Kav. 5
Stock Exchange Listing

Indonesia Stock Exchange (IDX)
103 Principal Bankers

Bank Mandiri
Cabang Jakarta Gedung Jamsostek

Jl. Jend. Gatot Subroto No. 79
Jakarta 12930 Indonesia
SURAT PERNYATAAN DEWAN KOMISARIS
BOARD OF COMMISSIONERS’ STATEMENT LETTER
Laporan ini disusun dalam rangka memenuhi ke- In compliance with rule No. X.K.6., enclosure to
tentuan Peraturan Nomor X.K.6. sebagai lampiran the Decree of Chairman of Capital Market Supervi-
Keputusan Ketua Bapepan dan LK Nomor: Kep- sory Board and Financial Institution No.: Kep-134/
134/BL/2006 tanggal 7 Desember 2006 tentang BL/2006 dated 7 December 2006 on Annual Re-
kewajiban penyampaian Laporan Tahunan. port presentation.
Laporan Tahunan 2008 PT ATPK Resources Tbk. Annual Report 2008 of PT ATPK Resources Tbk.,
telah di buat oleh manajemen perseroan dan kami was prepared by company’s management and
bertanggung jawab atas isi Laporan Tahunan Per- we are responsible for the contents of the Annual
seroan tahun 2008 yang di dalamnya juga memuat Report year 2008 which includes the Financial
Laporan Keuangan Perseroan untuk tahun yang Statement of the Company for the year ended 31
berakhir pada 31 Desember 2008. December 2008.
DEWAN KOMISARIS BOARD OF COMMISSIONERS
Dato’R. Rajakumaran Anwar Pulukadang

Komisaris Utama Komisaris Independen
President Commissioner Independent Commissioner
104
SURAT PERNYATAAN DIREKSI
BOARD OF DIRECTORS’ STATEMENT LETTER
Laporan ini di susun dalam rangka memenuhi ke- In compliance with rule No. X.K.6., enclosure to
tentuan peraturan Nomor X.K.6. sebagai lampiran the Decree of the Chairman of Capital Market Su-
Keputusan Ketua Bapepam dan LK Nomor: Kep- pervisory Board and Financial Institution No.: Kep-
134/BL/2006 tanggal 7 Desember 2006 tentang 134/BL/2006 dated 7 December 2006 on Annual
kewajiban penyampaian Laporan Tahunan. Report presentation.
Laporan Tahunan 2008 PT ATPK Resources Tbk te- Annual Report 2008 of PT ATPK Resources Tbk.
lah di buat oleh manajemen perseroan dan kami was prepared by company’s management and we
bertanggung jawab atas isi laporan Tahunan Per- are responsible for the contents of the Annual Report
seroan tahun 2008 yang di dalamnya juga memuat year 2008 which includes the Financial Statement
Laporan Keuangan Perseroan untuk tahun yang of the Company for the year ended 31 December
berakhir pada 31 Desember 2008. 2008.
DEWAN DIREKSI BOARD OF DIRECTORS
DR.H.M. Wasisto Budiharsoyo, MA

Direktur Utama / President Director
Raymond Bernardus Saur M Silalahi

Direktur / Director Direktur / Director
105 H. Akhmad Taufik Dharwan Widjaja

Direktur / Director Direktur / Director
Azahar Bin Zaini (*)

Direktur / Director
Catatan: Note:
(*) Meninggal Dunia pada tanggal 9 Nopember (*) Deceased on 9 November 2008
2008
PT ATPK RESOURCES, Tbk PT ATPK RESOURCES, Tbk
DAN ANAK PERUSAHAAN AND SUBSIDIARIES
NERACA KONSOLIDASIAN CONSOLIDATED BALANCE SHEET
Tanggal 31 Desember 2008 dan 2007 As of December 31, 2008 and 2007
(dalam rupiah) (in rupiah)
Catatan 31 Desember 2008 31 Desember 2007

Note December 31, 2008 December 31, 2007
AKTIVA ASSETS
AKTIVA LANCAR CURRENT ASSETS

Kas dan Setara Kas 2c,3 9,903,607,821 36,363,818,468 Cash and Cash Equivalents
Surat Berharga 150,000,000 150,000,000 Marketable Securities
Piutang Usaha 2d,4 113,906,000 343,032,500 Trade Receivables
Piutang Lain-Lain: 2g,5 Other Receivables:
Pihak ketiga 38,183,072,643 18,689,437,553 Third parties
Pihak hubungan istimewa 700,000,000 908,000,000 Related parties
Pajak Dibayar Dimuka 2p,7 1,747,360,024 1,579,578,362 Prepaid Taxes
Uang Muka 8 75,275,939,050 75,873,962,327 Advance
Biaya Dibayar Dimuka 2h,9 722,627,641 423,113,920 Prepaid Expenses
Jumlah Aktiva Lancar 126,796,513,179 134,330,943,130 Total Current Assets
AKTIVA TIDAK LANCAR NON CURRENT ASSETS

Aktiva Pajak Tangguhan 2p,29 7,443,585,794 15,671,350,742 Deferred Tax Asset
Tanaman Belum Menghasilkan 2i,10 5,556,300,000 5,556,300,000 Unproductive Plantation
Aktiva Tetap (setelah dikurangi 2j,11 Fixed Assets (net of
akumulasi penyusutan sebesar accumulated depreciation of
Rp.6.476.316.250 dan Rp4.302.861.805 Rp.6.476.316.250 dan Rp4.302.861.805
pada 31 Desember 2008 dan 2007) 31,842,421,068 32,414,831,145 As of December 31, 2008 and 2007
Aktiva Sewa Guna Usaha (setelah 2q,12 Lease of Assets (net of

dikurangi akumulasi penyusutan accumulated depreciation of
sebesar Rp3.503.500 dan Rp359.335.951 sebesar Rp3.503.500 dan Rp359.335.951
pada tanggal 31 Desember 2008 dan 2007) 8,508,501 494,048,049 as of December 31, 2008 and 2007)
Aktiva Tak Berwujud 2l,2s,13 4,472,772,257 7,806,273,905 Intangible Assets

Beban Ditangguhkan 2k,2m,14 17,628,588,010 12,339,407,814 Deferred Expenses
Jumlah Aktiva Tidak Lancar 66,952,175,630 74,282,211,655 Total Non Current Assets
JUMLAH AKTIVA 193,748,688,810 208,613,154,786 TOTAL ASSETS
Lihat catatan atas laporan keuangan konsolidasian yang merupakan See accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan which are an integral part of the financial statements taken as a whole
4
NERACA KONSOLIDASIAN CONSOLIDATED BALANCE SHEET
Tanggal 31 Desember 2008 dan 2007 As of December 31, 2008 and 2007
Catatan 31 Desember 2008 31 Desember 2007

KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY
KEWAJIBAN LANCAR CURRENT LIABILITIES

Hutang Usaha 15 930,090,876 2,553,374,775 Trade Payables
Hutang Lain-lain 2g,16 Other Payables
Pihak ketiga 24,132,289,236 462,793,058 Third parties
Pihak hubungan istimewa 2,363,048,517 4,810,137,547 Related parties
Pendapatan Diterima Dimuka 17 4,536,514,423 10,142,215,990 Unearned Revenues
Biaya yang Masih Harus Dibayar 18 551,775,618 390,117,565 Accrued Expenses
Hutang Pajak 2p,19 131,843,550 537,902,338 Taxes Payables
Hutang Sewa Guna Usaha Jatuh Tempo 20 129,730,802 98,710,149 Current Maturities of Lease Payables
Jumlah Kewajiban Lancar 32,775,293,022 18,995,251,422 Total Current Liabilities
KEWAJIBAN TIDAK LANCAR NON CURRENT LIABILITIES

Hutang Sewa Guna Usaha 20 - 24,810,135 Lease Payables
Kewajiban Imbalan Pasca Kerja 2r,21 1,646,949,849 1,326,162,213 Past Service Liabilities
Jumlah Kewajiban Tidak Lancar 1,646,949,849 1,350,972,348 Total Non Current Liabilities
HAK MINORITAS 23 (5,399,544,301) 165,679,152 MINORITY INTEREST
EKUITAS 24 EQUITY
Modal saham - nilai nominal Rp200 per saham Capital stock - Rp200 par value per share
Modal dasar - 1.000.000.000 lembar saham Authorized - 1,000,000,000 shares, Capital
Ditempatkan dan disetor penuh 830.562.002 dan issued and fully paid 830.562.002 and
dan 820.900.000 lembar tahun 2008 dan 2007 166,112,400,400 164,180,000,000 820.900.000 shares in 2008 and 2007
Agio Saham Biasa 107,008,906,592 107,008,906,592 Agio on Common Stock
Saldo Laba (108,395,316,753) (83,087,654,728) Retained Earnings
Jumlah Ekuitas 164,725,990,239 188,101,251,864 Total Equity
JUMLAH KEWAJIBAN DAN EKUITAS 193,748,688,810 208,613,154,786 TOTAL LIABILITIES AND EQUITY
5
LAPORAN LABA RUGI KONSOLIDASIAN CONSOLIDATED INCOMES STATEMENTS
Untuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 For the years then ended December 31, 2008 and 2007
Catatan 31-Dec-08 31-Dec-07

PENDAPATAN 2m,25 3,524,172,790 2,818,659,683 REVENUES
BEBAN POKOK PENDAPATAN 26 3,858,661,667 1,805,685,295 COST OF REVENUE
LABA KOTOR (334,488,877) 1,012,974,388 GROSS PROFIT
BEBAN USAHA 2m,27 OPERATING EXPENSES

Penjualan - - Selling
Administrasi dan Umum 25,522,372,831 26,197,954,327 General and Administrative
Jumlah Beban Usaha 25,522,372,831 26,197,954,327 Total Operating Expenses
LABA (RUGI) USAHA (25,856,861,708) (25,184,979,939) INCOME (LOSS) FROM OPERATIONS
PENDAPATAN (BEBAN) LAIN-LAIN 2m,28 OTHER INCOME (EXPENSES)

Pendapatan Bunga 2,052,134,632 1,483,070,207 Interest Income
Pendapatan jasa lainnya 1,348,069,156 137,522,758 Income from Other Services
Laba Penjualan Aktiva Tetap 20,000,000 - Gain on Disposal of Fixed Assets
Beban Kerugian Investasi - - Loss on Investment
Biaya Kerugian Piutang - (203,028,762) Write off Receivables
Kerugian Penurunan Aktiva Tetap - (26,698,160,981) Loss on Retirements of Fixed Assets
Beban Bunga - (1,907,004,000) Interest Expenses
Beban Administrasi Bank (104,815,008) (86,253,651) Bank Charges
Laba (Rugi) Selisih Kurs 130,541,532 (50,734,439) Profit (Loss) on Foreign Exchange Rate
Lain-lain (bersih) (472,346,302) (12,656,038) Others (net)
2,973,584,010 (27,337,244,906)
LABA (RUGI) SEBELUM PAJAK (22,883,277,698) (52,522,224,845) INCOME (LOSS) BEFORE INCOME TAX
MANFAAT (BEBAN) PAJAK 29 (8,227,764,949) 6,687,350,932 TAX BENEFIT (EXPENSE)
LABA (RUGI) SEBELUM HAK MINORITAS (31,111,042,647) (45,834,873,913) INCOME (LOSS) BEFORE MINORITY INTEREST
HAK MINORITAS ATAS LABA (RUGI) BERSIH MINORITY INTERESTS IN SUBSIDIARY'S

ANAK PERUSAHAAN (5,568,462,108) (1,168,556,551) NET INCOME (LOSS)
LABA (RUGI) BERSIH (25,542,580,539) (44,666,317,362) NET INCOME (LOSS)
LABA (RUGI) PER LEMBAR SAHAM (31) (54) NET INCOME (LOSS) PER SHARE
6
PT. ATPK RESOURCES Tbk PT. ATPK RESOURCES Tbk
Induk Perusahaan Holding Company
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
Untuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 For the years then ended December 31, 2008 and 2007
Modal Saham Agio saham/ Saldo Laba (Rugi)/ Jumlah ekuitas/

Capital stock Agio Retained Earnings Total equity
Rp Rp Rp Rp
Saldo 1 Januari 2007 82,090,000,000 9,598,656,592 (38,421,337,367) 53,267,319,225 Balance as of Januari 1, 2007
Modal Disetor 82,090,000,000 97,410,250,000 - 179,500,250,000 Paid up capital

Laba (Rugi) Bersih tahun 2007 - (44,431,398,847) (44,431,398,847) Net income (loss) 2007
Saldo 31 Desember 2007 164,180,000,000 107,008,906,592 (82,852,736,214) 188,336,170,378 Balance as of December 31, 2007
Modal Disetor - - - - Paid up capital
Waran 1,932,400,400 1,932,400,400 Waran
Laba (Rugi) Bersih tahun 2008 - (25,542,580,539) (25,542,580,539) Net income (loss) 2008
Saldo 31 Desember 2008 166,112,400,400 107,008,906,592 (108,395,316,753) 164,725,990,239 Balance as of December 31, 2008
Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian See accompanying notes to the consolidated financial statements which are
yang tidak terpisahkan dari laporan keuangan secara keseluruhan an integral part of the financial statements taken as a whole
7
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
Untuk tahun-tahun yang berakhir 31 Desember 2008 dan 2007 For the years then ended December 31, 2008 and 2007
31 Desember 2008 31 Desember 2008

December 31, 2008 December 31, 2007
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 6,620,780,296 2,806,059,683 Cash received from customers
Pembayaran kepada pemasok dan karyawan (19,996,001,268) (10,039,524,499) Cash paid to supplies and employees
Pembayaran beban-beban (6,915,210,278) (29,903,744,791) Operating expenses
Pembayaran pinjaman karyawan (99,490,578) - Receivable to employee
Pembayaran uang muka (269,989,150) (73,547,810,289) Advance payment
Perolehan (pembayaran) bunga 2,170,265 (1,319,000,000) Cash received from interest income
Penerimaan pajak 754,245,189 - Tax collection
Pembayaran pajak penghasilan (27,308,948) (624,304,518) Cash payment for income taxes
Dampak perubahan selisih kurs (21,478,959) - Effect foreign exchange
Lain-lain (12,274,147) - Others
Kas bersih diperoleh dari (digunakan untuk) Net cash provided by (used in)
kegiatan operasi (19,964,557,578) (112,628,324,414) operating activities
ARUS KAS DARI AKTIVITAS INVENTASI CASH FLOWS FROM INVESTING ACTIVITIES
Perolehan aktiva tetap (2,352,913,288) (2,959,045,365) Acquisitions of fixed assets
Perolehan aktiva lain-lain (321,774,500) - Acquisitions of other assets
Investasi - (150,000,000) Investment
kegiatan investasi (2,674,687,788) (3,109,045,365) investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan dari setoran modal 1,932,400,400 182,650,250,000 Receiving of Paid in Capital
Perolehan dari pihak ketiga 22,052,544,846 - Loans from third parties
Pembayaran kepada pihak ketiga (23,363,323,608) (31,804,000,000) Payment to third parties
Penerimaan pinjaman pihak istimewa 874,749,595 - Loans from related parties
Pembayaran pinjaman pihak istimewa (5,317,336,514) (1,892,238,400) Payment to related parties
kegiatan pendanaan (3,820,965,281) 148,954,011,600 financing activities
KENAIKAN (PENURUNAN) BERSIH NET INCREASE (DECREASE) IN

KAS DAN SETARA KAS (26,460,210,647) 33,216,641,821 CASH AND CASH EQUIVALENT
CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS AWAL TAHUN 36,363,818,468 3,147,176,647 BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT

KAS DAN SETARA KAS AKHIR TAHUN 9,903,607,821 36,363,818,468 THE END OF YEAR
8
CATATAN ATAS
LAPORAN KEUANGAN KONSOLIDASIAN
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
CATATAN ATAS NOTES TO THE
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
PT ATPK RESOURCES, Tbk. PT ATPK RESOURCES, Tbk.
Untuk tahun-tahun yang berakhir pada tanggal For the years then ended
31 Desember 2008 dan 2007 December 31, 2008 and 2007
1. UMUM 1 GENERAL
a. Pendirian dan Informasi Umum a. Establishment and General Information
PT ATPK Resources Tbk (d/h PT Anugrah Tambak PT ATPK Resources Tbk ( formerly named PT Anugrah
Perkasindo, Tbk) didirikan tanggal 12 Januari 1988 Tambak Perkasindo Tbk was established on January 12,
berdasarkan Akta No.27 Notaris Linda Herawati, SH 1988 based on Notary deed No. 27 of Linda Herawati, SH,
yang kemudian diubah dengan Akta No. 11 tanggal 4 Notary and then was changed by deed No. 11 dated July
Juli 1988. Akta pendirian perusahaan telah disahkan 1988. These notary deed was approved by Minister of Justice
oleh Menteri Kehakiman Republik Indonesia dengan of the Republic of Indonesia on His decision letter No. C2-
Surat Keputusan No.C2-123.HT.01.01.Th.89 tanggal 9 123.HT.01.Th 89 dated January 9, 1989. The company article
Januari 1989. Anggaran Dasar Perusahaan telah has several changed, by Nurdelia Tutupoly's notary deed No.
mengalami beberapa perubahan yaitu dengan Akta 63 dated September 24, 2001 concerning changes of status
Notaris No.63 tanggal 24 September 2001 dari Notaris to a public company, increasing of Authorized Capatital, as
Nurdelia Tutupoly, SH, terutama mengenai perubahan well as Paid up Capital and changes in company's goal and
status Perseroan menjadi Terbuka, peningkatan modal objectives, etc. The changes was approved by Minister of
dasar dan modal ditempatkan dan disetor Perusahaan, Law and Human Rights of the Republic of Indonesia on Its
perubahan maksud dan tujuan serta perubahan Decision Letter No. C-165.HT.01.04 Th. 2002 dated January
lainnya. Perubahan ini telah mendapat pengesahan 25, 2002.
Menteri Kehakiman dan Hak Asasi Manusia Republik
Indonesia pada tanggal 25 Januari 2002 dengan
nomor Keputusan C-165.HT.01.04.Th.2002.
Perubahan terakhir atas anggaran dasar perusahaan Lasts change of the company article by Deed No. 20 and 21
adalah dengan Akta nomor 20 dan 21 tanggal 7 Juni of Nurdelia Tutupoly dated June 7, 2006 concerning changes
2006 dibuat dihadapan Nurdelia Tutupoly, SH., Notaris of company name become "PT ATPK Resources Tbk" and
di Medan tentang perubahan nama perusahaan dari changes of shareholder compositions, movement of head
PT Anugrah Tambak Perkasindo,Tbk menjadi PT office from Medan to Jakarta and development of companies
ATPK Resources, Tbk dan susunan pemegang saham business to mining and power energy. The changes was
serta perubahan domisili dari Medan ke Jakarta dan approved by Minister of Law and Human Rights of the
Pengembangan kegiatan usaha pada bidang Republic of Indonesia on His Decision Letter NO. C-
pertambangan, energi dan pembangkit listrik. 20631.HT.01.04 Th. 2006 dated July 14, 2006.
Perubahan ini telah mendapat pengesahan Menteri
Kehakiman dan Hak Asasi Manusia Republik
Indonesia pada tanggal 14 Juli 2006 dengan nomor
Keputusan C-20631.HT.01.04.Th.2006.
Pada tanggal 30 Juni 2007 telah dilakukan Rapat On June 30, 2007 has been meid extra ordenary share
Umum Pemegang Saham Luar Biasa (RUPSLB) holders meeting for adding paid and capitel via previlage of
tentang penambahan setoran modal melalui Hak right to bay scurities as in Notarial deed No. 84 dated June
Membeli Efek Terlebih Dahulu yang dituangkan dalam 30, 2007 of Fathiah Helmi,SH, Notary in Jakarta. The deed of
Akta No.84 tanggal 30 Juni 2007 dari Notaris Fathiah the company artcle has not yet declared from Ministry of law
Helmi, SH., notaris di Jakarta. Akta perubahaan and Human Right of Repulic Indonesia.
anggaran dasar ini masih dalam proses pengesahan
Menteri Kehakiman dan Hak Asasi Manusia Republik
Indonesia.
10
Ruang lingkup kegiatan Perusahaan adalah bergerak The scope of activities are plantation, coal mining, power and
dalam usaha perkebunan, pertambangan batubara, energy and also trading, distribution and other services. The
power dan energi serta menjalankan tugas di bidang domicile of headquarter of company at Bapindo Plaza,
perdagangan, distribusi dan jasa lainnya. Perusahaan Citibank Tower, 14 floor, Jalan Jenderal Sudirman Kav.54-55,
berkantor pusat di Plaza Bapindo, Citibank Tower, Jakarta 12190 and operated are located in Pematang Lalang,
lantai 14, Jl. Jenderal Sudirman Kav. 54-55, Jakarta Percut, Sei Tuan at Deli Serdang Municipal, North Sumatra.
12190 dan operasinya berlokasi perkebunan kelapa
sawit ada di Desa Pematang Lalang, Kecamatan
Percut Sei Tuan, Kabupaten Deli Serdang, Propinsi
Sumatera Utara.
b. Dewan Komisaris dan Direksi b Board of Commissioner and Directors
Susunan Dewan Komisaris Perusahaan adalah The member of the company's board of commissioners and
sebagai berikut : directors are as follow:
Tahun 2008 Year 2008
Susunan Dewan Komisaris dan Direksi Perusahaan The composition of board of commissioner and directors
sesuai dengan Akta Pernyataan Keputusan Rapat according to notarial deed No.115 deted June 28, 2008 by
Umum Pemegang Saham Tahunan Nomor: 115 Fathiah Helmi, SH., Notary in Jakarta are as follows :
tanggal 28 Juni 2008 oleh Fathiah Helmi SH, Notaris di
Jakarta adalah sebagai berikut :

Komisaris Utama : Rajadurai Rajakumaran Manickam : President Commissioner
Komisaris Independen : Anwar Pulukadang : Independent Commissioner
Direksi Directors
Direktur Utama : Dr. HM. Wasisto Budiharsoyo, MA President Director
Direktur : Azahar bin Zaini Director
Direktur : Raymond A. Bernardus Director
Direktur : S.M. Silalahi Master of Engineering Director
Direktur Dharwan Widjaja Director
Direktur : H. Akhmad Taufik, SE, MBA Director
Tahun 2007 Year 2007
Susunan Dewan Komisaris dan Direksi Perusahaan The composition of board of commossioner and directors
sesuai dengan Akta No. 43 tanggal 23 Juni 2007 oleh according to notarial deed No.43 deted Juny 23, 2007 by
Fathiah Helmi SH, Notaris di Jakarta adalah sebagai Fathiah Helmi, SH., Notary in Jakarta are as follows :
berikut :

Komisaris Utama : Rajadurai Rajakumaran Manickam : President Commissioner
Komisaris : Daniel Anthony Carducci : Commissioner
Komisaris Independen : Anwar Pulukadang : Independent Commissioner
11
Direksi Directors
Direktur Utama : Dr. HM. Wasisto Budiharsoyo, MA President Director
Direktur : Azahar bin Zaini Director
Direktur : Raymond A. Bernardus Director
Direktur : Syed Abdel Nasser bin Syed Hassan Aljuneid Director
Direktur Dharwan Widjaja Director
Direktur : H. Akhmad Taufik, SE, MBA Director
c. Anak Perusahaan c. Subsidiaries
Perusahaan memiliki saham baik secara langsung The Company has ownership directly and indirectly shares in the
maupun tidak langsung pada anak-anak perusahaan following subsidiaries:
dengan rincian sebagai berikut:
Anak Perusahaan Aktivitas Utama Persentase Lokasi / Locatioan Main Activities Subsidiaries
Pemilikan langsung Directly

PT ATPK Power Recources Pembangkit Tenaga listrik 99.00% Jakarta Power Plant PT ATPK Power Recources
PT ATPK Energy Recources Minyak dan Gas Bumi 99.00% Jakarta Oil and Gas PT ATPK Energy Recources
PT Modal Investasi Mineral Pertambangan 96.77% Jakarta Coal Mining PT Modal Investasi Mineral
Pemilikan tidak langsung Indirectly

PT MIM Geoservices Technology Jasa Eksplorasi 80.00% Jakarta Exploration Services PT MIM Geoservices Technology
PT Sarana Mandiri Utama Pertambangan Batubara 70.00% Tarakan, Kaltim Coal Mining PT Sarana Mandiri Utama
PT Saptajaya Menjak Sengewari Pertambangan Batubara 70.00% Lampung Coal Mining PT Saptajaya Menjak Sengewari
PT Tuhup Coal Mining Pertambangan Batubara 70.00% Tuhup, Kaltim Coal Mining PT Tuhup Coal Mining
PT Damanka Prima Pertambangan Batubara 70.00% Sangatta, Kaltim Coal Mining PT Damanka Prima
PT Mega Alam Sejahtera Pertambangan Batubara 70.00% Berou, Kaltim Coal Mining PT Mega Alam Sejahtera
PT MIM Nikelindo Mulia Pertambangan Nikel 70.00% Ampana, Sulteng Nickel Mining PT MIM Nikelindo Mulia
PT Wahana Bumi Mulia Pertambangan Nikel 70.00% Ampana, Sulteng Nickel Mining PT Wahana Bumi Mulia
PT Otoma Global Mitra Jasa Eksplorasi 99.00% Jakarta Exploration Services PT Otoma Global Mitra
PT ATPK Energy Resources PT ATPK Energy Resources
PT ATPK Energy Resources berdiri pada tanggal 6 Juli PT ATPK Energy Resources was established on July 6, 2006
2006 berdasarkan Akte Pendirian Perseroan Terbatas based on Notary Deed No.3 of Fathiah Helmi, SH.These
No.3 dari Notaris Fathiah Helmi, SH. Akta tersebut notary deed had not been approved by Minister of Justice of
belum mendapatkan pengesahan dari Menteri the Republic of Indonesia.
Indonesia.
Ruang lingkup kegiatan perusahaan terutama bergerak Its main area of actifities are mining and exctracting natural
dalam bidang pertambangan berbagai jenis bahan deposits, trading, distribution and other services .
galian serta menjalankan tugas di bidang
perdagangan, distribusi dan jasa lainnya.
Perusahaan berkantor pusat di Wisma GKBI lantai 39, The domicile of company at Wisma GKBI, 39 floor, suite
suite 3901, Jl. Jenderal Sudirman No. 28, Jakarta 3901, Jalan Jenderal Sudirman No. 28, Jakarta 10210.
10210.
12
PT ATPK Power Resources PT ATPK Power Resources
PT ATPK Power Resources berdiri pada tanggal 6 Juli PT ATPK Power Resources was established on July 6, 2006
2006 berdasarkan Akte Pendirian Perseroan Terbatas based on Notary Deed No.4 of Fathiah Helmi, SH.These
No.4 dari Notaris Fathiah Helmi, SH. Akta tersebut notary deed had not been approved by Minister of Justice of
belum mendapatkan pengesahan dari Menteri the Republic of Indonesia.
Indonesia.
Ruang lingkup kegiatan perusahaan terutama bergerak Its main area of actifities are infrastructure and power plant.
dalam bidang infrastruktur dan pembangkit tenaga
listrik.
Perusahaan berkantor pusat di Wisma GKBI lantai 39, The domicile of company is at Wisma GKBI, 39 floor, suite
suite 3901, Jl. Jenderal Sudirman No. 28, Jakarta 3901, Jalan Jenderal Sudirman No. 28, Jakarta 10210.
10210.
PT Modal Investasi Mineral PT Modal Investasi Mineral
PT Modal Investasi Mineral didirikan berdasarkan Akta PT Modal Investasi Mineral was established based on the
No. 3 dari Notaris Chandra Lim, S.H., LL.M tanggal 24 Notary Deed No. 3 of Chandra Lim, S.H., LLM dated January
Januari 2006. Akta tersebut disahkan oleh Menteri 24, 2006 and was approved by Ministry of Law and Human
Hukum dan Hak Asasi Manusia Republik Indonesia Rights in its decree No.C-05455 HT.01.01.TH.2006 dated
dengan surat keputusan No. C-05455 February 24, 2006. The Company's Articles of Association
HT.01.01.TH.2006 tanggal 24 Pebruari 2006. was amended by Notary Deed No. 6 of Chandra Lim, S.H.,
Anggaran perusahaan telah mengalami perubahan dated April 27, 2006. This amendment was approved by the
dengan Akta No. 6 dari Notaris Chandra Lim, S.H., Ministry of Law and Human Rights of the Republic of
LL.M tanggal 27 April 2006. Akta perubahan tersebut Indonesia in its Decision Letter No.C-14203
telah disahkan oleh Menteri Hukum dan Hak Asasi HT.01.04.TH.2006 dated May 15, 2006.
Manusia Republik Indonesia dengan surat keputusan
No. C-14203 HT.01.04.TH.2006 tanggal 15 Mei 2006.
Perusahaan merupakan induk dari perusahaan- The company is a holding company from the subsidiaries
perusahaan yang bergerak dalam jasa eksplorasi dan which has activities in exploration services and coal mining
pertambangan batu bara dan berkedudukan di Bapindo companies and domicile at Bapindo Plaza, Citibank Tower, 14
Plaza, lantai 14, Jl. Jenderal Sudirman Kav. 54-55, floor, Jl. Jenderal Sudirman Kav.54-55, Jakarta 12190.
Jakarta 12190.
PT MIM Geoservices Technology PT MIM Geoservices Technology
PT MIM Geoservices Technology didirikan PT MIM Geoservices Technology was established based on
berdasarkan Akta No. 3 dari Notaris Chandra Lim, Notary Deed No. 3 of Chandra Lim, S.H., LL.M dated
S.H., LL.M tanggal 9 Februari 2006. Akta tersebut February 9, 2006. The Deed of establishment was approved
disahkan oleh Menteri Hukum dan Hak Asasi Manusia by Ministry of Law and Human Rights Republic Indonesia in
Republik Indonesia dengan surat keputusan No. C- decision letter No.C-11781.HT.01.01.TH.2006 dated April 25,
11781.HT.01.01.TH.2006 tanggal 25 April 2006. 2006. The Company's Articles of Association have been
Anggaran perusahaan telah mengalami perubahan amended by Notary Deed No. 8 of Chandra Lim, S.H., LL.M
dengan Akta No. 8 dari Notaris Chandra Lim, S.H., dated April 27, 2006 in respect of changes on members of the
LL.M tanggal 27 April 2006 mengenai perubahan Company's Boards of Commissioners and Directors.
susunan Dewan Komisaris dan Direksi Perusahaan.
13
PT MIM Geoservices Technology bergerak dalam Its main area of actifities is explorations services. The
bidang jasa eksplorasi. Perusahaan memulai aktivitas Company commenced commercial operations on March
komersialnya pada bulan Maret 2006. 2006.
Perusahaan berkedudukan di Jakarta dan beroperasi The Company is domiciled in Jakarta, and conducts
di Kalimantan Timur, Kalimantan Tengah, Maluku operations in East Kalimantan, Central Kalimantan, North
Utara dan Lampung. Maluku and Lampung.
PT Sarana Mandiri Utama PT Sarana Mandiri Utama
PT Sarana Mandiri Utama didirikan berdasarkan Akta PT Sarana Mandiri Utama was established based on the
No. 3 (tiga) dari Notaris Rudy Limantara, S.H., di Notary Deed No. 3 dated August 6, 2002 of Rudy Limantara,
Tarakan, tanggal 6 Agustus 2002. Akta tersebut SH. Notary in Tarakan and was approved by Ministry of Law
disahkan oleh Menteri Kehakiman dan Hak Asasi and Human Right in its Decision Letter No.C-
Manusia Republik Indonesia dengan Surat Keputusan 16310.HT.01.01.TH.2002 dated August 27, 2002. PT Sarana
No. C-16310.HT.01.01.TH.2002 tanggal 27 Agustus Mandiri Utama was acquisition at March 22, 2006.
2002. Perusahaan mengakuisisi saham PT Sarana
Mandiri Utama pada tanggal 22 Maret 2006.
Ruang lingkup usaha PT Sarana Mandiri Utama Its main area of activities is coal mining and domiciled in
bergerak di bidang pertambangan batubara dan Tarakan, East Kalimantan.
berdomisili di Tarakan, Kalimantan Timur.
PT Saptajaya Menjak Sengewari PT Saptajaya Menjak Sengewari
PT Saptajaya Menjak Sengewari didirikan pada PT Saptajaya Menjak Sengewari was established based on
tanggal 5 Februari 1996 berdasarkan Akta No. 5 dari the Notary Deed No. 5 dated February 5, 1996 of Cahaya
Cahaya Hairani Djausal Zubaidi, S.H. Akta ini telah Hairani Djausal Zubaidi, S.H., This deed was approved by
disahkan oleh Menteri Hukum dan Hak Asasi Manusia Ministry of Law and Human Right of Republic Indonesia on its
Republik Indonesia dalam Surat Keputusan No. C- Decision Letter No.C-25008.HT.01.01.TH.1996 dated March
25008 HT.01.01.TH.1996 tanggal 6 Maret 1996. 6, 1996. PT Saptajaya Menjak Sengewari was acquisition at
Perusahaan mengakuisisi saham PT Saptajaya May 15, 2006.
Menjak Sengewari pada tanggal 15 Mei 2006.
Ruang lingkup usaha PT Saptajaya Menjak Sengewari Its main area of activities is coal mining and domiciled in
bergerak di bidang pertambangan dan berdomisili di Lampung.
Lampung.
PT Tuhup Coal Mining PT Tuhup Coal Mining
PT Tuhup Coal Mining didirikan berdasarkan Akta No. PT Tuhup Coal Mining was established based on the Notary
3 dari Notaris Ida Murtamsa Salim, S.H., tanggal 10 Deed No.3 dated August 10, 2004 of Ida Murtamsa Salim,
Agustus 2004. Akta tersebut telah disahkan oleh S.H., This deed was approved by Ministry of Law and Human
Menteri Hukum dan Hak Asasi Manusia Republik Right of Republic Indonesia on its Decision Letter No.C24167
Indonesia dalam Surat Keputusan No. C-24167 HT.01.01.TH.2004 dated September 28, 2004. PT Tuhup
HT.01.01.TH.2004 tanggal 28 September 2004. Coal Mining was acquisition at February 23, 2006.
Perusahaan mengakuisisi saham PT Tuhup Coal
Mining pada tanggal 23 Pebruari 2006.
Ruang lingkup usaha PT Tuhup Coal Mining bergerak Its main area of activities is coal mining and domiciled in
di bidang pertambangan batu bara dan berdomisili di Tuhup, East Kalimantan.
Tuhup, Kalimantan Timur.
14
PT Damanka Prima PT Damanka Prima
PT Damanka Prima didirikan berdasarkan Akta No. 8 PT Damanka Prima was established based on the Notary
dari Notaris Sofia Tourina Wijaya, SH tanggal 11 Deed No.8 dated August 11, 2001 of Sofia Tourina Wijaya,
Agustus 2001, yang bedomisili di Bontang. Akta S.H., This deed was approved by Ministry of Law and Human
tersebut telah disahkan oleh Menteri Menteri Hukum Right of Republic Indonesia on its Decision Letter No.C-
dan Hak Asasi Manusia Republik Indonesia dalam 11605 HT.01.01.TH.2001 dated October 26, 2004. PT
Surat Keputusan No. C-11605 HT.01.01.TH.2001 Damanka Prima was acquisition at February 23, 2006.
tanggal 26 Oktober 2001. Perusahaan mengakuisisi
saham PT Damanka Prima pada tanggal 23 Pebruari
2006.
Ruang lingkup usaha PT Damanka Prima bergerak di Its main area of activities is coal mining and domiciled in
bidang pertambangan dan berdomisili di Sangatta, Sangatta, East Kalimantan.
Kalimantan Timur.
PT Mega Alam Sejahtera PT Mega Alam Sejahtera

PT Mega Alam Sejahtera didirikan berdasarkan Akta PT Mega Alam Sejahtera was established based on the
No. 1 dari Notaris Inge Rubiati Wardhana, S.H., Notary Deed No.1 dated February 27, 2003 of Inge Rubiati
tanggal 27 Pebruari 2003. Akta tersebut telah disahkan Wardhana, S.H., This deed was approved by Ministry of Law
oleh Menteri Kehakiman Republik Indonesia dalam and Human Right of Republic Indonesia on its Decision Letter
Surat Keputusan No. C-16732 HT.01.01.TH.2003 No.C-16732.HT.01.01.TH.2003 dated July 17, 2003. PT
tanggal 17 Juli 2003. Perusahaan mengakuisisi saham Mega Alam Sejahtera was acquisition at February 28, 2006.
PT Mega Alam Sejahtera pada tanggal 28 Pebruari
2006.
Pada saat ini, ruang lingkup usaha PT Mega Alam Its main area of activities is coal mining and domiciled in
Sejahtera bergerak di bidang pertambangan batubara Berau, East Kalimantan.
dan berdomisili di Berau, Kalimantan Timur.
PT MIM Nikelindo Mulia PT MIM Nikelindo Mulia

PT MIM Nikelindo Mulia didirikan berdasarkan Akta PT MIM Nikelindo Mulia was established based on the Notary
No. 32 dari Notaris Chandra Lim, SH tanggal 5 April Deed No. 32 of Chandra Lim, SH in Jakarta dated April 5,
2007, yang bedomisili di Jakarta. Akta tersebut telah
2007. The Deed was approved by the Minister of Justise of
disahkan oleh Menteri Kehakiman Republik Indonesia
dalam Surat Keputusan No. W29-01065HT.01.01- Republik Indonesia by decision letter No. W29-
TH.2007 tanggal 4 Juni 2007. 01065HT.01.01-TH.2007 dated June 4, 2007.
Ruang lingkup usaha PT MIM Nikelindo Mulia bergerak Its main area of activities are mining and trading.
di bidang perdagangan dan pertambangan.
15
PT Wahana Bumi Mulia PT Wahana Bumi Mulia

PT Wahana Bumi Mulia didirikan berdasarkan PT Wahana Bumi Mulia was established based on the Notary
Akta No. 122 dari Notaris Bakhtiar, SH tanggal Deed No. 122 of Bakhtiar, SH in Tenggarong dated March
17 Maret 2006, yang bedomisili di Tenggarong. 17, 2006. The Deed was approved by the Minister of Justise
Akta tersebut telah disahkan oleh Menteri of Republik Indonesia by decision letter No. C-15103
Kehakiman Republik Indonesia dalam Surat HT.01.01.TH 2006 dated May 23, 2006.
Keputusan No. C-15103 HT.01.01.TH.2006
tanggal 23 Mei 2006.
Ruang lingkup usaha PT Wahana Bumi Mulia Its main area of activities are trading and mining.
bergerak di bidang perdagangan dan
pertambangan.
PT Otoma Global Mitra PT Otoma Global Mitra

PT Otoma Global Mitra didirikan berdasarkan Akta No. PT Otoma Global Mitra was established based on the Notary
31 dari Notaris Drajat Darmadji S.H., tanggal 5 April Deed No.31 dated April 5, 2001 of Dradjat Darmadji , S.H.,
2001. Akta tersebut telah disahkan oleh Menteri This deed was approved by Ministry of Law and Human Right
Kehakiman Republik Indonesia dalam Surat of Republic Indonesia on its Decision Letter No.No. C-03198
Keputusan No. C-03198 HT.01.01.TH.2001. tanggal 12 HT.01.01.TH.2001 dated July 12, 2001. PT Otoma Global
Juli 2001. Perusahaan mengakuisisi saham PT Otoma Mitra was acquisition at November 20, 2007.
Global Mitra pada tanggal 20 November 2007.
Pada saat ini, ruang lingkup usaha PT Otoma Global Its main area of activities are exploration, production oil and
Mitra bergerak di bidang jasa exploitasi produksi gas and trading.
minyak bumi, gas dan perdagangan.
16
2. IKHTISAR KEBIJAKAN AKUNTANSI 2 SUMMARY OF ACCOUNTING POLICIES
a. Dasar Penyajian Laporan Keuangan Konsolidasian a. Consolidated Financial Statements Presentation
Laporan keuangan konsolidasian disusun dengan Consolidated Financial Statements was prepared using
menggunakan prinsip dan praktik akuntansi yang historical cost and generally accepted accounting procedures.
berlaku umum di Indonesia.
Dasar penyusunan laporan keuangan konsolidasian, The consolidated financial statements, except for the cash
kecuali untuk laporan arus kas, adalah dasar akrual. flows, are prepared under the accrual basis of accounting.
Laporan ini disusun berdasarkan nilai historis yang The measurement basis used in the preparation of the
telah diaudit oleh auditor independen, kecuali consolidated financial statements is the historical cost and its
beberapa akun tertentu berdasarkan pengukuran lain have audited by the auditor independent, except for certain
sebagaimana diuraikan dalam kebijakan akuntansi accounts which are measured on the other bases as be
masing-masing akun. described in the related accounting policies.
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows are prepared
menggunakan metode langsung dengan using the direct method with classifies of cash flows into
mengelompokkan arus kas dalam aktivitas operasi, operating, investing and financing activities.
investasi dan pendanaan.
Mata uang pelaporan yang digunakan dalam The reporting currency used in the preparation of the
penyusunan laporan keuangan konsolidasian adalah consolidated financial statements is the Indonesia Rupiah
mata uang Rupiah (Rp). (Rp).
b. Prinsip Konsolidasian b. Principle of Consolidation

Laporan keuangan konsolidasian meliputi laporan The consolidated financial statements consist of financial
keuangan perusahaan dan anak perusahaan dengan statements of the Company and its subsidiaries in which the
kepemilikan lebih dari 50%, baik langsung maupun Company has direct or indirect ownership interest of more
tidak langsung. Saldo dan transaksi termasuk than 50%, Intercompany balances and transactions including
keuntungan/kerugian yang belum direalisasikan atas unrealized gains or losses on intercompany transactions are
transaksi antar perusahaan dieleminasi untuk eliminated to reflect the financial position and the results of
mencerminkan posisi keuangan dan hasil usaha operations of the Company and its subsidiaries as one
Perusahaan dan anak perusahaan sebagai satu business entity.
kesatuan usaha.
Bagian Proporsional dari pemegang saham minoritas The portion shares of the minority stockholders in subsidiary
pada anak perusahaan disajikan sebagai "Hak is presented as "Minority Interest in Net Assets of
Minoritas atas Aktiva Bersih Anak Perusahaan" di Consolidated Subsidiary" in the consolidated balance sheet.
dalam neraca konsolidasian.
c. Kas dan Setara Kas c. Cash and Cash Equivalent
Kas dan setara kas terdiri dari kas, bank dan semua Cash and cash equivalent consists of cash on hand and in
investasi yang jatuh tempo dalam waktu tiga bulan banks and all investments with have maturity date on of three
atau kurang dari tanggal perolehannya dan yang tidak months or less from the dates of placement and not pledged
dijaminkan serta tidak dibatasi penggunaannya. as a loans collateral
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d. Piutang Usaha d. Trade receivables
Piutang usaha disajikan dalam nilai bersihnya setelah Trade receivables are recorded net off allowance for doubtful
dikurangi dengan penyisihan piutang tidak tertagih, accounts, based on a review of the collectibility of the
yang diestimasi berdasarkan hasil penelaahan atas outstanding amounts. Accounts are write-off on the period of
tingkat kolektibilitas saldo piutang. Piutang dihapuskan when it was confirmed not to be collectible.
dalam periode dimana piutang tersebut dipastikan
tidak akan tertagih.
e. Persediaan e. Inventories
Barang jadi dan barang dalam proses dicatat dengan Finished goods and work in process are stated at the lower of
nilai terendah antara harga perolehan dan nilai cost or net realizable value. Cost is determined by the
realisasi bersihnya. Harga perolehan itentukan dengan weighted-average method. Cost of finished goods and work in
menggunakan metode rata-rata tertimbang. Harga process comprises material, labor and an appropriate
perolehan barang jadi dan barang dalam proses terdiri proportion of directly allocated fixed and variable overheads.
dari biaya bahan baku, tenaga kerja serta alokasi biaya Net realizable value is the estimate of the selling price in the
overhead yang dapat diatribusikan secara langsung ordinary course of business, less the costs of completion and
baik yang bersifat tetap maupun variabel. Nilai selling expenses.
realisasi bersih adalah estimasi harga penjualan dalam
kegiatan usaha normal dikurangi taksiran biaya
penyelesaian dan biaya penjualannya.
Persediaan suku cadang dan bahan pembantu dinilai Spare parts and supplies are valued at cost, using a weighted-
dengan harga perolehannya, yang ditentukan average method and less provision for obsolete items.
berdasarkan metode rata-rata tertimbang dan Allowance for obsolescence reduce the carrying value of
dikurangi dengan penyisihan untuk persediaan usang. inventories to their net realizable values.
Penyisihan persediaan usang digunakan untuk
mengurangi nilai tercatat persediaan ke nilai realisasi
bersihnya.
f. Transaksi dan Saldo dalam Mata Uang Asing f. Foreign currency transactions and balances
Pembukuan Perusahaan dan atau anak perusahaan The accounting and records of the Company and its
diselenggarakan dalam mata uang rupiah. Transaksi- subsidiaries are maintained in Indonesian Rupiah.
transaksi selama tahun berjalan dalam mata uang Transactions during the year in foreign currencies are
asing dicatat berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailling at the time the
terjadinya transaksi. Pada tanggal neraca, aktiva dan transactions are made. At balance sheet date, monetary
kewajiban moneter dalam mata uang asing assets and liabilities denominated in foreign currencies are
disesuaikan untuk mencerminkan kurs yang berlaku adjusted to reflect the rates of exchange prevailling at that
pada tanggal tersebut. Keuntungan atau kerugian kurs date. The resulting gains or losses are credited or charged to
yang terjadi dikreditkan atau dibebankan dalam current operations.
laporan laba-rugi tahun yang bersangkutan.
Kurs tengah Bank Indonesia untuk mata uang USD As of December 31, 2008 and 2007 the rates of exchange
pada tanggal 31 Desember 2008 dan 2007 sebesar used were Rp10.950 dan Rp9.419 for US$1
Rp10.950 dan Rp9.419 untuk USD 1.
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g. Transaksi Hubungan Istimewa g. Transaction with Related Parties
Perusahaan dan anak perusahaan melakukan The Company and its subsidiaries have transactions with
transaksi dengan pihak-pihak yang mempunyai certain related parties, in accordance with Indonesian
hubungan istimewa, sesuai dengan PSAK No.7 Statement of Financial Accounting Standards (PSAK) #7
mengenai "Pengungkapan Pihak-pihak yang concerning "Related Parties Disclosures". The related parties
Mempunyai Hubungan Istimewa".Pihak yang are :
mempunyai hubungan istimewa yakni :
1) Perusahaan yang melalui satu atau lebih 1) Companies that, through one or more intermediaries,
perantara, mengendalikan, atau dikendalikan control, or are controlled by, or are under common
oleh, atau berada dibawah pengendalian control with, the Company (including holding
bersama, dengan perusahaan (termasuk companies, subsidiaries, and fellow subsidiaries);
holding company, subsidiaries dan fellow
subsidiaries);
2) Perusahaan asosiasi; 2) Associated companies;
3) Perorangan yang memiliki, baik secara 3) Individuals owning, directly or indirectly, an interest in
langsung maupun tidak langsung, suatu the voting power of the Company that gives them
kepentingan hak suara di perusahaan pelapor significant influence over the company, and close
yang berpengaruh secara signifikan, dan members of the family of any such individuals (close
anggota keluarga dekat dari perorangan members of the family are those who can be influenced
tersebut dalam transaksinya dengan by such individuals, in their transactions with the
perusahaan pelapor; Company);
4) Karyawan kunci, yaitu orang-orang yang 4) Key management personnel who have the authority
mempunyai wewenang dan tanggung jawab and responsibility to plan, direct and control the
untuk merencana kan, memimpin dan Company’s activities, including commissioners,
mengendalikan kegiatan perusahaan pelapor, directors and managers of the Company and close
yang meliputi anggota dewan komisaris, direksi members of their families; and
dan manajer dari perusahaan serta anggota
keluarga dekat orang-orang tersebut; dan
5) Perusahaan, bilamana suatu kepentingan 5) Companies in which a substantial interest in the voting
substantial dalam hak suara dimiliki baik secara power is owned directly or indirectly, by any person
langsung maupun tidak langsung oleh setiap described in (3) or (4) or over which such a person is
orang yang diuraikan dalam (3) atau (4), atau able to exercise significant influence. This includes
setiap orang tersebut mempunyai pengaruh companies owned by commissioners, directors or major
signifikan atas perusahaan tersebut. Hal ini juga shareholders of the Company and companies, which
mencakup perusahaan-perusahaan yang have a common member of key management as the
dimiliki oleh dewan komisaris, direksi atau Company.
pemegang saham utama dari perusahaan
pelapor, dan perusahaan-perusahaan yang
mempunyai anggota manajemen kunci yang
sama dengan perusahaan pelapor.
Seluruh transaksi dengan pihak yang mempunyai All significant transactions with related parties, whether or not
hubungan istimewa baik yang dilakukan dengan atau conducted under the normal prices and conditions as those
tidak dengan tingkat harga dan persyaratan normal done with third parties, are disclosed in the related notes of
sebagaimana dilakukan dengan pihak ketiga telah the financial statements
diungkapkan pada catatan atas laporan keuangan.
19
h. Biaya Dibayar Dimuka h. Prepaid Expenses
Biaya dibayar di muka dibebankan sesuai dengan Prepaid expenses are charged to operations over their period
masa manfaatnya. benefited.
i. Tanaman Belum Menghasilkan i. Unproductive Plantations
Tanaman belum menghasilkan dinyatakan sebesar Unproductive plantations are stated at acquisition cost which
harga perolehan yang meliputi biaya persiapan lahan, include cost incurred for field preparation, planting, fertilising
penanaman, pemupukan dan pemeliharaan. Pada saat and maintenance. When the plantations are in productive,
tanaman sudah menghasilkan , akumulasi harga accumulated cost are reclassified to inventories.
perolehan tersebut akan direklasifikasi ke persediaan.
j. Aktiva Tetap j. Fixed Assets
Aktiva tetap dinyatakan sebesar biaya perolehan, Property, plant and equipment is stated at cost, less
dikurangi akumulasi penyusutan. Penyusutan dihitung accumulated depreciation. Depreciation are computed using
dengan menggunakan metode garis lurus berdasarkan the straight-line method over the estimated useful lives of the
taksiran masa manfaat ekonomis aktiva tetap sebagai assets as follows:
berikut:
Masa Manfaat/ Useful Life
Bangunan 20 tahun/ years Buildings
Prasarana 4 dan/and 20 tahun/ years Infrastructures
Mesin dan alat berat 4 tahun/ years Machineries and heavy equipments
Peralatan 4 tahun/ years Tools
Perlengkapan kantor 4 tahun/ years Office furniture and fixtures
Inventaris 4 tahun/ years Office equipment and supplies
Kendaraan 4 tahun/ years Vehicles
Beban pemeliharaan dan perbaikan dibebankan pada The cost of maintenance and repairs is charged to income as
saat terjadinya, pemugaran dan penambahan dalam incurred; significant renewals and improvements are
jumlah material dikapitalisasi. Aktiva tetap yang sudah capitalized. When assets are retired or otherwise disposed of,
tidak digunakan lagi atau yang dijual, biaya perolehan their carrying values and the related accumulated
dan akumulasi penyusutannya dikeluarkan dari depreciation are removed from the accounts and any
kelompok aktiva tetap yang bersangkutan. Laba atau resulting gain or loss is reflected as income for the year.
rugi yang terjadi dibukukan dalam laba rugi tahun yang
bersangkutan.
Apabila nilai tercatat aktiva lebih besar dari nilai yang When the carrying amount of an asset is greater than its
dapat diperoleh kembali, nilai tercatat aktiva harus estimated recoverable amount, it is written down immediately
diturunkan sesuai dengan nilai yang dapat diperoleh to its recoverable amount, which is determined as the higher
kembali, yang merupakan nilai tertinggi antara harga of net selling price or value in use.
jual neto dan nilai pakai.
Biaya konstruksi bangunan serta pemasangan mesin The costs of the construction of buildings and the installation
diakumulasikan sebagai aktiva dalam penyelesaian. of machinery are accumulated as construction in progress.
Biaya tersebut dikapitalisasi ke akun aktiva tetap pada These costs are capitalized to fixed assets when the
saat proses konstruksi atau pemasangan secara construction or installation is substantially complete.
subtansial selesai. Penyusutan mulai dibebankan pada Depreciation is charged from the date when assets are
saat aktiva tersebut dapat digunakan. available for use.
20
k. Beban Eksplorasi dan Pengembangan Ditangguhkan k. Differed Exploration and Development Costs
Biaya yang timbul atas kegiatan eksplorasi dan Exploration and development costs for potential significant
pengembangan di suatu area of interest yang areas of interest associated with a mineral deposit where the
signifikan di mana Kuasa Penambangan (KP) masih Mining Rights are valid and such costs are expected to be
berlaku dan pemulihan dari biaya dapat dibuktikan recovered through exploitation or sale of proven reserves, or
(recovered ) melalui hasil produksi atau penjualan activities that have not reached yet to a stage of permitting
cadangan terbukti, atau kegiatannya belum mencapai reasonable assessment of the existence or otherwise of
tahap di mana hasil cadangan terbukti dapat economically recoverable reserves, and active and significant
ditentukan secara wajar serta kegiatan ekplorasi yang exploration of the area of interest is continuing, are deferred
signifikan masih terus berlangsung, ditangguhkan dan and amortized upon commencement of commercial
diamortisasi pada saat dimulainya aktivitas produksi. production. These cost will be expensed in the period of time
Biaya ini dibebankan sekaligus pada tahun di mana whenever the Company decide to no more future value is
Perusahaan memutuskan bahwa area of interest expected from the area of interest.
tersebut tidak menghasilkan di masa mendatang.
l. Biaya Tangguhan Hak atas Tanah l. Deferred Costs of Lands Right
Biaya yang terjadi sehubungan dengan pengurusan According SFAS No. 47, costs related to the legal processing
legal hak atas tanah ditangguhkan dan akan of Land Rights were capitalized and are amortized using
diamortisasi selama 20 tahun dengan metode garis straight-line method over 20 years . These deferred charges
lurus setelah hak guna usaha diperoleh. Beban are amortized begin on October 2001.
tangguhan tersebut mulai diamortisasi pada bulan
Oktober 2001. Kebijakan akuntansi di atas sesuai
dengan PSAK 47 tentang "Akuntansi Tanah".
m. Aktiva Tak Berwujud m. Intangible Assets
Beban yang terjadi sehubungan dengan akuisisi anak Cost related to acquirement of subidiaries such goodwill, and
perusahaan seperti goodwill, dan perolehan atas acquirement of tax and accounting applications program
software aplikasi akuntansi dan perpajakan diakui recognized as intangible assets. Goodwill represents excess
sebagai aktiva tak berwujud. Goodwill merupakan of investment cost over the proportioneate underlying fair
selisih lebih antara harga perolehan investasi dengan value of the acquired subsidiaries' net assets at acquisition
proporsi nilai wajar aktiva bersih anak perusahaan date. Intangible assets is amortized using straight-line method
pada saat perolehan. Aktiva tak berwujud diamortisasi over 4 years.
selama 4 tahun dengan metode garis lurus.
n. Pengakuan Pendapatan dan beban n. Revenues and Expenses Recognition
Penjualan diakui pada saat hak kepemilikan beralih Sales are recognized at the time of shipment when the title
kepada pembeli atau jasa telah diberikan kepada passes to the buyer or services have given to the customer.
rekanan. Beban diakui sesuai manfaatnya pada tahun Expenses are recognized when incurred.
yang bersangkutan (accrual basis ).
21
o. Penurunan Nilai Aktiva o. Impairment of Assets

Nilai aktiva yang dapat dipulihkan kembali diestimasi According to Indonesia SFAS No. 48 which applied since
pada tanggal neraca atau perubahan-perubahan January 1, 2000 the condition that exist when the carrying
keadaan mengindikasikan bahwa nilai tercatatnya amount of a long lived assets exceeds its fair value.
mungkin tidak dapat dipulihkan kembali. Bila ada, Impairment losses are recognized when the carrying amount
maka penurunan nilai aktiva diakui sebagai rugi pada of impaired assets is not recoverable.
laporan laba rugi. Kebijakan tersebut diterapkan sesuai
dengan PSAK No.48 mengenai "Penurunan Nilai
Aktiva" yang mulai berlaku efektif sejak tanggal 1
Januari 2000.
p. Laba Per Saham Biasa p. Earnings Per Share

Laba usaha dan laba bersih per saham biasa dihitung Basic earnings per share is computed by dividing net income
dengan membagi laba bersih dengan jumlah saham by the weighted average number of shares outstanding during
yang ditempatkan dan disetor penuh selama periode the year, I.e.830.562.002 and 820.900.000 shares in 2008
yang bersangkutan yaitu sebanyak 830.562.002 dan and 2007 respectively.
820.900.000 saham biasa masing-masing pada tahun
2008 dan 2007.
q. Perpajakan q. Taxation
Semua perbedaan temporer antara jumlah tercatat Deferred income tax is provided using the liability method, for
aktiva dan kewajiban dengan dasar pengenaan all temporary differences arising between the tax bases of
pajaknya diakui sebagai pajak tangguhan dengan assets and liabilities and their carrying values for financial
metode kewajiban (liability method ). Tarif pajak yang reporting purposes. Currently enacted tax rates are used to
berlaku saat ini dipakai dalam menentukan pajak determine deferred income tax.
tangguhan.
Aktiva pajak tangguhan yang berasal dari saldo rugi Deferred tax assets relating to the carry forward of unused tax
fiskal diakui apabila besar kemungkinan bahwa jumlah losses are recognized to the extent that it is probable that
laba fiskal pada masa mendatang akan memadai future taxable profit will be available against which the unused
untuk dikompensasi dengan saldo rugi fiskal yang tax losses can be utilized.
belum digunakan.
Koreksi terhadap kewajiban perpajakan diakui pada Amendments to taxation obligations are recorded when an
saat surat ketetapan pajak diterima atau, jika assessment is received or, if appealed against, when the
mengajukan keberatan, pada saat keputusan atas results of the appeal are determined.
keberatan tersebut telah ditetapkan.
r. Sewa Guna Usaha r. Leases

Aktiva tetap yang diperoleh dengan sewa guna usaha Fixed Assets acquired by means of finance lease are
pembiayaan disajikan sejumlah nilai tunai dari seluruh presented at the present value of minimum lease payments
pembayaran minimum sewa guna usaha selama masa plus residual value (purchase option) at the end of the lease
sewa ditambah nilai sisa (harga opsi) yang harus period. A corresponding liability is also recognized and each
dibayar pada akhir masa sewa guna usaha. Kewajiban lease payment is allocated between the liability and finance
yang terkait juga diakui dan setiap pembayaran charges. Depreciation is calculated with the fixed percentage
angsuran dialokasi sebagai pelunasan hutang dan methods according to their estimated economic useful life
pembayaran beban bunga. Penyusutan dihitung same with acquisition of asset from a normal purchase.
dengan menggunakan metode persentase tetap sesuai
dengan taksiran masa manfaat ekonomis yang sama
dengan aktiva yang diperoleh dari pembelian biasa.
22
s. Dana Pensiun dan Imbalan Pasca Kerja s. Pension Fund and Employee Benefit
Perusahaan menyelenggarakan program dana pensiun The Company operates defined benefit planscovering all of
manfaat pasti untuk seluruh karyawan tetap yang the employees who have served a qualifying period.
memenuhi syarat kepesertaan
Biaya jasa kini diakui sebagai beban periode berjalan. Current service cost is expensed in the prevailing period. Past
Biaya jasa lalu, koreksi masa kerja dan dampak service cost, period of employment adjustments and impact of
perubahan asumsi aktuarial bagi peserta pensiun yang changes in actuarial assumptions for existing employees are
masih aktif diakui sebagai beban atau pendapatan recognised as expense or income over the estimated service
selama estimasi sisa masa kerja rata-rata para peserta lives of the existing employees in accordance with the advice
tersebut sesuai dengan saran dari aktuaris of independent qualified actuaries.
independen.
Metode penilaian aktuarial yang digunakan oleh The valuation method used by the independent qualified
aktuaris independen adalah metode projected unit actuaries is the projected unit credit method.
credit.
t. Penggunaan Estimasi t. Use of Estimates
Penyusunan laporan keuangan konsolidasi sesuai The preparation of consolidated financial statements in
dengan prinsip akuntansi yang berlaku umum conformity with accounting principles generally accepted in
mengharuskan manajemen membuat estimasi dan Indonesia requires managements to make estimates and
asumsi yang mempengaruhi jumlah aktiva dan assumptions that affect the reported amounts of assets and
kewajiban yang dilaporkan dan pengungkapan aktiva liabilities and disclosure of contingent assets and liabilities as
dan kewajiban kontinjensi pada tanggal laporan of the date of the financial statements and the reported
keuangan serta jumlah pendapatan dan beban selama amounts of revenues and expenses during the reporting
periode pelaporan. Realisasi dapat berbeda dengan period. Actual results could differ from those estimates.
jumlah yang diestimasi.
23
3. KAS DAN SETARA KAS 3. CASH AND CASH EQUIVALENT
Rincian kas dan setara kas sebagai berikut: Details of cash and cash equivalents are as follow:
31-12-2008 31-12-2007
Rp Rp
Kas 207,725,952 191,673,810 Cash

dalam Rupiah in Rupiah
Bank Century - IDR 25,998,194 1,523,728,599 Bank Century - IDR
Bank Mandiri - IDR 2,741,914,210 22,251,409,145 Bank Mandiri - IDR
Bank Niaga - IDR 20,082,061 19,086,807 Bank Niaga - IDR
Bank Artha Graha - IDR 11,462,433 2,735,445 Bank Artha Graha - IDR
Bank Sulut - IDR 5,586,678,001 1,048,641,239 Bank Sulut - IDR
Bank Lippo - IDR 436,184 803,184 Bank Lippo - IDR
Bank Central Asia - IDR 4,355,361 570,880,360 Bank Central Asia - IDR
Bank Rakyat Indonesia - IDR - 1,023,438 Bank Rakyat Indonesia - IDR
Bank Negara Indonesia 46 - IDR 3,016,829 6,900,000 Bank Negara Indonesia 46 - IDR
Bank Bumi Putera - IDR 2,649,259 13,420,018 Bank Bumi Putera - IDR
dalam US Dolar in Dollar
Bank Central Asia - USD 10,684,462 9,742,825 Bank Central Asia - USD
Bank Bumi Putera - USD 7,154,401 6,228,407 Bank Bumi Putera - USD
Bank Mandiri - USD 18,681,353 10,321,057 Bank Mandiri - USD
Bank Century - USD 12,034,598 10,149,070 Bank Century - USD
Bank Niaga - USD - 320,000 Bank Niaga - USD
Bank Lippo - USD 12,555,507 9,796,514 Bank Lippo - USD
Credit Suisse 1,238,179,016 10,686,958,550 Credit Suisse
Jumlah 9,903,607,821 36,363,818,468 Total
4. PIUTANG USAHA 4. TRADE RECEIVABLES
Akun ini merupakan tagihan kepada rekanan atas jasa This accounts represent trade receivables on exploration
eksplorasi dengan rincian sebagai berikut: services to customers are as follow:
31-12-2008 31-12-2007
Rp Rp
PT Yamabhumi Palaka 8,948,500 121,500,000 PT Yamabhumi Palaka

PT Kharisma Tambang Prima 54,457,500 54,457,500 PT Kharisma Tambang Prima
PT Interex Sacra Raya 17,500,000 17,500,000 PT Interex Sacra Raya
Great Wall Driling Company 33,000,000 33,000,000 Great Wall Driling Company
PT Gesoin Delta Andalan - 116,575,000 PT Gesoin Delta Andalan
Jumlah 113,906,000 343,032,500 Total
Perusahaan dan anak perusahaan tidak membentuk The Company and its subsidiaries were not allowance for
penyisihan piutang ragu-ragu atas piutang usaha karena doubtful accounts was provided on trade receivables as
manajemen berpendapat seluruh piutang tersebut dapat management believes that all such receivables are collectible.
ditagih.
24
5. PIUTANG LAIN-LAIN 5. OTHER RECEIVABLES
Akun ini terdiri dari: This accounts consist of:
31-12-2008 31-12-2007
Rp Rp
Pihak ketiga : Third parties :
PT Majetic Assets Inv. Corp 12,829,222,900 - PT Majetic Assets Inv. Corp
PT AM Capital Indonesia 4,570,800,000 - PT AM Capital Indonesia
Sri Value Link 4,228,214,024 - Sri Value Link
PT Brent Securities 3,015,650,000 - PT Brent Securities
PT Sarijaya Permana Sekuritas 2,825,451,000 - PT Sarijaya Permana Sekuritas
Asia Mineral Resources Pte. Ltd. 2,357,500,000 - Asia Mineral Resources Pte. Ltd.
PT Anugerah Securindo Indah 2,352,485,125 - PT Anugerah Securindo Indah
Pearson Assets Group Limited 1,845,900,000 - Pearson Assets Group Limited
Ismail Hirawan 1,100,000,000 - Ismail Hirawan
PT Maxima Kiatama 480,250,000 7,185,509,686 PT Maxima Kiatama
PT Rahmat Agung Leonardi 445,654,687 - PT Rahmat Agung Leonardi
Giman Tjandra 361,200,000 - Giman Tjandra
PT Kapital BPI Indonesia 355,439,255 4,678,584,022 PT Kapital BPI Indonesia
Deposit 350,815,000 327,000,000 Deposit
Bambang Susanto 292,077,000 - Bambang Susanto
PT Anta Boga Delta Securitas 218,118,285 - PT Anta Boga Delta Securitas
Karyawan 202,106,041 67,876,172 Employee
PT Graha Citra Sejahtera - 6,270,219,200 PT Graha Citra Sejahtera
Piutang Lain-Lain 352,189,326 160,248,473 Other
(Dibawah Rp. 100.000.000) (less than Rp. 100.000.000)
Sub jumlah 38,183,072,643 18,689,437,553 Sub total
Pihak Istimewa : Related party :

Piutang Pemegang Saham 700,000,000 908,000,000 Shareholders
Sub jumlah 700,000,000 908,000,000 Sub total
Jumlah 38,883,072,643 19,597,437,553 Total
Pada tahun 2008 perusahaan melakukan kajian mendalam In 2008 the company conducted an exhaustive review and
dan melakukan reklasifikasi terhadap piutang lain-lain. reclassification of other receivable. Such amounts owing the
Sebagian piutang merupakan pinjaman yang diberikan company representing loans provided by company to third
parties and parties associated with certain shareholders of the
perusahaan kepada pihak ketiga dan pihak-pihak yang
company.
memiliki hubungan dengan pemegang saham tertentu
perusahaan.
25
7. PAJAK DIBAYAR DIMUKA 7. PREPAID TAX
Rincian pajak dibayar di muka terdiri dari: Details of prepaid taxes are as follows:
31-12-2008 31-12-2007
Rp Rp
PPh 23 Dibayar Di Muka 1,311,569,698 1,379,982,723 Income tax article 23
PPh 22 Dibayar Di Muka 31,326,708 - Income tax article 22
PPh 25 Dibayar Di Muka 4,813,040 - Income tax article 25
PPN Masukan 399,650,578 199,595,639 VAT in
Jumlah 1,747,360,024 1,579,578,362 Total
8. UANG MUKA 8. ADVANCES
Rincian uang muka terdiri dari: Details of advances are as follow:
31-12-2008 31-12-2007
Rp Rp
Uang muka perjalanan dinas 252,227,000 59,700,090 Business trip
Uang muka kontraktor 73,399,523,500 74,324,523,500 Contractor
Uang muka proyek 118,889,550 53,683,120 Projects
Uang muka penyelidikan tanah 25,850,000 25,850,000 Inspection of land
Uang muka kantor - 1,653,617 Office
Uang muka direksi 1,202,364,000 1,202,364,000 Director
Uang muka karyawan - 3,000,000 Employee
Uang muka operasional pengacara 12,264,000 - Lawyer operation
Uang muka joint operation 8,545,000 - Joint operation
Uang muka lahan 10,000,000 - Land
Uang muka pengembangan usaha 43,306,000 - Business development
Uang muka operasional - 25,473,000 Operations
Uang muka pembelian assets - 146,660,000 Purchasing of assets
Uang muka lain-lain 202,970,000 31,055,000 Others
Jumlah 75,275,939,050 75,873,962,327 Total
Rincian uang muka kontraktor sebagai berikut: Details of advances are as follow:
Tanggal Kontrak Lokasi Nilai Kontrak Uang Muka

Dated of Contract Location Rp Advace
PT. Karya Sukses Nusantara 11 Agustus 2007 Kutai Timur (Damanka) 30,303,000,000 28,858,600,000
PT. Graha Cipta Sejahtera 17 Desember 2007 Tarakan, Kaltim (SMU) 13,622,800,000 13,622,800,000
PT. Graha Cipta Sejahtera 11 Agustus 2007 Ds.Makunjung (Tuhup) 12,731,000,000 11,457,900,000
PT. Paspro Lintas Sarana 17 Desember 2007 Berau, Kaltim (MAS) 20,385,223,500 19,460,223,500
Jumlah 77,042,023,500 73,399,523,500
26
Uang muka kontraktor sebesar Rp73.399.523.500 merupakan Advance to contractors amounting to Rp. 73.399.523.500
dana yang ditransfer oleh anak perusahaan PT Modal represent funds transferred by subsidiaries of PT Modal
Investasi Mineral yaitu PT Damanka Prima, PT Sarana Investasi Mineral , namely PT Damanka Prima, PT Sarana
Mandiri Utama, PT Tuhup Coal Mining dan PT Mega Alam Mandiri Utama, PT Tuhup Coal Mining and PT Mega Alam
Sejahtera kepada tiga kontraktor bernama PT Karya Sukses Sejahtera to the three contractors contractors, namely PT Karya
Nusantara, PT Graha Cipta Sejahtera, PT Paspro Lintas Sukses Nusantara, PT Graha Cipta Sejahtera, PT Paspro Lintas
Sarana, untuk melakukan kegiatan tambang di area tambang Sarana, for services to be rendered at the mines owened by
milik anak-anak perusahaan. Hingga tanggal laporan ini such subsidiaries. As at date of this report there has been no
belum ada bukti kegiatan yang signifikan atau laporan tertulis substantive evidence of progress or any written report issued by
yang dibuat oleh para kontraktor kepada anak-anak any of the contractors in favor of any of PT Modal Investasi
perusahaan PT. Modal Investasi Mineral. Mineral subsidiaries.
9. BIAYA DIBAYAR DIMUKA 9. PREPAID EXPENSES

Akun ini merupakan sewa dibayar dimuka dengan rincian This account represent prepaid rents are as follow:
sebagai beriktu:
31-12-2008 31-12-2007
Rp Rp
Uang muka asuransi mobil 5,585,313 - Rent of Aston Apartment
Uang muka sewa kantor 214,403,582 330,036,920 Rent of office
Uang muka sewa rumah dinas 228,675,000 - Rent of house
Uang muka sewa apartemen aston 17,640,000 44,952,000 Aston apartment
Uang muka sewa mess 252,573,746 48,125,000 Rent of mess
Uang muka stock custodian 3,750,000 - Custodian
Jumlah 722,627,641 423,113,920 Total
10. TANAMAN BELUM MENGHASILKAN 10 UNPRODUCTIVE PLANTATIONS
Berdasarkan laporan dari Usaha Jasa Penilai Based on appraisal report of Hariutomo & Rekan No.023/UJP-
Hariutomo dan Rekan No.023/UJP-HU/MDN/APP/V/ HU/MDN/APP/V/2008, dated May 5, 2008, retirements of
2008 tanggal 5 Mei 2008, terjadi penurunan nilai unproductive plantations amount Rp588.334.755. The
Tanaman Belum Menghasilkan sebesar balance as December 31, 2008 and 2007 amounting to
Rp588.334.755. Saldo pada 31 Desember 2008 dan Rp5,556,300,000.- .
2007 adalah sebesar Rp5.556.300.000.
Perusahaan telah melakukan penilaian kembali The stated values of revaluation of Unproductive Plantation
Tanaman Belum Menghasilkan atas tanaman kelapa as of December 31, 2007 as pressented above , based on
sawit yang dilakukan oleh Konsultan Penilai Hariutomo report of appraisers Consultants Hariutomo and co No.
dan Rekan, sesuai laporan No. 023/UJP- 023/UJP-HU/MDN/APP/V/2008 dated May 5, 2008. That
HU/MDN/APP/V/2008 tanggal 5 Mei 2008. Penilaian revaluation is done because of divestation of palm tree
tersebut dilaksanakan dalam rangka divestasi atas plantation amounting to 395,40 Hectoacres of PT ATPK
kebun kelapa sawit dengan luas tanah 395,40 Ha milik Resources, Tbk which is location at Desa Pematang Lalang
PT ATPK Resources, Tbk yang terletak di Desa Kecamatan Percut Sei Tuan, Kabupaten Deli Serdang, North
Pematang Lalang, Kecamatan Percut Sei Tuan, Sumatera Province.
Kabupaten Deli Serdang, Provinsi Sumatera Utara.
27
11. AKTIVA TETAP 11 FIXED ASSETS

Akun ini terdiri dari: This accounts such of:
2008
Saldo Awal/ Penambahan/ Pengurangan/ Saldo Akhir/
Beginning balance Addition Deduction Ending Balance
Harga perolehan At costs

Tanah 23,981,900,000 - - 23,981,900,000 Land
Bangunan 1,753,800,000 - - 1,753,800,000 Buildings
Prasarana 951,100,000 - - 951,100,000 Infrastructures
Mesin dan alat berat 5,970,022,600 270,000,000 - 6,240,022,600 Machine and heavy equip.
Kendaraan 889,574,000 1,110,827,000 - 2,000,401,000 Vehicles
Peralatan dan perlengkapan 1,185,636,282 146,483,388 - 1,332,119,670 Tools and assessories
Inventaris kantor 1,283,660,068 72,918,250 - 1,356,578,318 Office furnitures
Aktiva dalam Konstruksi 702,000,000 - - 702,000,000 Construction in Progress
Sub Jumlah 36,717,692,950 1,600,228,638 - 38,317,921,588 Sub Totals
Akumulasi Penyusutan Accumulated Depreciation

Bangunan - 85,470,099 - 85,470,099 Buildings
Prasarana - 203,943,721 - 203,943,721 Infrastructures
Kendaraan 864,682,105 675,102,716 - 1,539,784,821 Vehicles
Peralatan dan perlengkapan 622,422,141 155,441,393 - 777,863,534 Tools and assessories
Inventaris kantor 262,725,469 425,579,638 - 688,305,107 Office furnitures
Sub Jumlah 4,302,861,805 2,172,638,715 - 6,475,500,520 Sub Totals
Nilai Buku 32,414,831,145 31,842,421,068 Book Value
2007

Tanah 47,429,752,400 - 23,447,852,400 23,981,900,000 Land
Bangunan 1,709,401,976 955,048,953 910,650,929 1,753,800,000 Buildings
Prasarana 4,061,071,880 - 3,109,971,880 951,100,000 Infrastructures
Mesin dan alat berat 3,266,162,928 2,703,859,672 - 5,970,022,600 Machine and heavy equip.
Kendaraan 867,819,000 21,755,000 - 889,574,000 Vehicles
Peralatan dan perlengkapan 1,050,746,490 134,889,792 - 1,185,636,282 Tools and assessories
Inventaris kantor 501,151,493 782,508,575 - 1,283,660,068 Office furnitures
Aktiva dalam Konstruksi - 702,000,000 - 702,000,000 Office furnitures
Sub Jumlah 58,886,106,167 5,300,061,992 27,468,475,209 36,717,692,950 Sub Totals
28
2007
Bangunan 825,180,831 85,470,098 910,650,929 - Buildings
Prasarana 1,531,215,651 203,960,593 1,735,176,244 - Infrastructures
Peralatan dan perlengkapan 70,007,097 552,415,044 - 622,422,141 Tools and assessories
Inventaris kantor 118,213,639 144,511,830 - 262,725,469 Office furnitures
Sub Jumlah 5,080,811,003 1,867,877,975 2,645,827,173 4,302,861,805 Sub Totals
Nilai Buku 53,805,295,164 32,414,831,145 Book Value
Tanah yang terletak di Desa Pematang Lalang, Land Rights located in Pematang Lalang, Percut, Sei Tuan,
Kecamatan Percut Sei Tuan, Kabupaten Deli Serdang, Municipal of Deli Serdang North Sumatra province are 430
Propinsi Sumatera Utara seluas sekitar 430 Hektar hectare with their useful life along 25 years. Some of them
berupa Hak Guna Usaha, dengan masa manfaat have date due in the year 2023 and 2026. The management
selama 25 tahun yang akan berakhir pada berbagai considers that the Land Rights might be extended.
tahun yaitu 2026 dan 2023. Manajemen berkeyakinan
bahwa hak atas tanah tersebut dapat diperpanjang
kembali.
Pada tanggal 5 Mei 2008 perusahaan melakukan The stated values of revaluation of fixed assets which consist
penilian kembali atas tanah, bangunan dan prasarana of land, building and infrastructures as of December 31, 2007
yang dilakukan oleh Konsultan Penilai Hariutomo dan as pressented above , based on report of Appraisers
Rekan, sesuai laporan No. 023/UJP- Consutants Hariutomo and co No. 023/UJP-
HU/MDN/APP/V/2008. Hasil penilaian tersebut HU/MDN/APP/V/2008 dated May 5, 2008. That revaluation is
dilaksanakan dalam rangka divestasi atas tanah dan done because of divestation of land and above of land
yang berada diatasnya dengan luas tanah 430,477 Ha amounting to 430,477 Hectoacres of PT ATPK Resources,
milik PT ATPK Resources, Tbk yang terletak di Desa Tbk which is location at Desa Pematang Lalang Kecamatan
Pematang Lalang, Kecamatan Percut Sei Tuan, Percut Sei Tuan, Kabupaten Deli Serdang, North Sumatera
Kabupaten Deli Serdang, Provinsi Sumatera Utara. Province.
Aktiva Dalam Konstruksi Construction In Progress
Akun ini merupakan proyek yang masih dalam proses This account represent project has been developed that
pembangunan yang terjadi pada anak perusahaan PT incurred in subsidiaries (PT Mega Alam Sejehtera) consists of
Mega Alam Sejahtera yaitu pembelian alat Crusher. purchase of Crusher.
29
12. AKTIVA SEWA GUNA USAHA 12. LEASE ASSETS
Akun ini terdiri dari : This account consists of :
2008

Mesin dan alat berat - - - - Machine and heavy equip.
Kendaraan 853,384,000 - 841,372,000 12,012,000 Vehicles
Sub Jumlah 853,384,000 - 841,372,000 12,012,000 Sub Totals

Mesin dan alat berat - - - - Machine and heavy equip.
Kendaraan 359,335,951 - 355,832,451 3,503,500 Vehicles
Sub Jumlah 359,335,951 - 355,832,451 3,503,500 Sub Totals
Nilai Buku 494,048,049 - 485,539,549 8,508,500 Book Value
2007

Mesin dan alat berat 693,099,672 - 693,099,672 - Machine and heavy equip.
Sub Jumlah 1,534,471,672 12,012,000 693,099,672 853,384,000 Sub Totals

Mesin dan alat berat 429,272,173 - 429,272,173 - Machine and heavy equip.
Sub Jumlah 578,265,128 210,342,996 429,272,173 359,335,951 Sub Totals
Nilai Buku 956,206,544 (198,330,996) 263,827,499 494,048,049 Book Value
30
13. AKTIVA TAK BERWUJUD 13 INTANGIBLE ASSETS
Akun ini terdiri dari : This acconts consists of :
31-12-2008 31-12-2007
Rp Rp
Goodwill - bersih 4,091,884,627 7,774,389,328 Goodwill - net
Software - bersih 380,887,630 31,884,577 Software - net
Jumlah 4,472,772,257 7,806,273,905 Total
Goodwill merupakan selisih lebih dari harga pembelian The ammount of goodwill represent the excess of acquisition
dengan nilai aktiva bersih saat akuisisi dilakukan oleh price over book value of the underlying assets.
perusahaan.
14. BEBAN DITANGGUHKAN 14 DEFERRED CHARGES
Rincian beban ditangguhkan adalah sebagi berikut : The details of deferred expense are as follows :
31-12-2008 31-12-2007
Rp Rp
Beban Eksplorasi Ditangguhkan: Deferred Exploration Expenses:
- Pemboran Ekplorasi 7,155,179,118 5,068,970,899 Exploration Drilling -
7,155,179,118 5,068,970,899
Beban Pengembangan dan Konstruksi Deferred Development and

Ditangguhkan: Construction :
- Pembukaan Tambang 889,328,200 889,328,200 Over Burden -
- Beban Ditangguhkan 8,230,660,692 5,952,288,715 Deferred Expenses -
- Prasarana Ditangguhkan - - Deferred Infrastructure -
9,119,988,892 6,841,616,915
Biaya Pra Operasi 1,253,420,000 428,820,000 Pre- Operation Expenditure

Bid Bond 100,000,000 - Bid Bond
Biaya Pengurusan Hak atas Tanah - bersih - 312,882,440 Land Rights subscriptions cost - net
Jumlah 17,628,588,010 12,652,290,254 Total
31
15. HUTANG USAHA 15 TRADE PAYABLES
Akun ini merupakan hutang kepada pemasok dan This account represent payable to vendor and consultant are as
konsultan dengan rincian sebagai berikut: follow:
31-12-2008 31-12-2007
Rp Rp
World Report Communications Ltd 216,053,530 - World Report Communications Ltd
Merbabu Bengkel 275,000 - Merbabu Bengkel
PT Karya Sukses Nusantara 38,240,000 - PT Karya Sukses Nusantara
Hutang Usaha 4,014,500 - Hutang Usaha
China Petroleom Tech. and Drill. Coy. 450,087,719 648,006,297 China Petroleom Tech. and Drill. Coy.
Sinasia Global Corp 17,774,977 536,212,971 Sinasia Global Corp
PT Citra Berlian 6,251,000 - PT Citra Berlian
PD Citra Prima 918,000 - PD Citra Prima
PD Himalaya S 8,900,000 - PD Himalaya S
PT Mekar Langgeng - 241,848,000 PT Mekar Langgeng
PT Duta Anggada Realty - 90,590,439 PT Duta Anggada Realty
PT Argus Media - 18,734,000 PT Argus Media
CV Palacca Tripod 153,900,050 - CV Palacca Tripod
CV Citra Borneo 22,526,000 - CV Citra Borneo
CV Mandala Sena 1,400,400 - CV Mandala Sena
CV Borneo Lestari 9,749,700 - CV Borneo Lestari
PT Travindo - 4,783,800 PT Travindo
PT Kijang Tour - 15,225,730 PT Kijang Tour
PD Pallaca Tripod - 486,790,250 PD Pallaca Tripod
PD Karya Buana - 171,600,000 PD Karya Buana
PD Citra Borneo - 47,526,000 PD Citra Borneo
PD Mandala Sena - 34,232,000 PD Mandala Sena
PD Borneo Lestari - 160,508,950 PD Borneo Lestari
Lain-lain (dibawah Rp10 juta) - 97,316,338 Others (under Rp10 millions)
Jumlah 930,090,876 2,553,374,775 Total
32
16. HUTANG LAIN-LAIN 16 OTHER PAYABLES
Akun ini terdiri dari: This account consist of:

31-12-2008 31-12-2007
Rp Rp
Pihak Ketiga : Third Parties :
PT Kapital BPI Indonesia 5,745,807,610 28,152,544 PT Kapital BPI Indonesia
Oei Tjien Hap 1,833,375,616 - Oei Tjien Hap
Ir. Sanny Suharly 898,000,000 - Ir. Sanny Suharly
Tan Sri Amin Shah 550,000,000 - Tan Sri Amin Shah
Best Picks Investment 495,000,000 - Best Picks Investment
Mr. Tan Yeang Tze 176,470,650 - Mr. Tan Yeang Tze
Karyawan 83,846,087 76,942,912 Karyawan
Politechnic UI 25,850,000 25,850,000 Politechnic UI
Aminudin 61,500,000 61,500,000 Aminudin
N.Santosh T. 200,000,000 200,000,000 N.Santosh T.
PT Atlas Mineral 939,671,000 - PT Atlas Mineral
Benjamin Angelina 260,904,806 - Benjamin Angelina
Direksi 75,204,600 81,915,295 Director
Dayen Environtmental Ltd 10,950,000,000 - Dayen Environtmental Ltd
PT. Graha Citra Sejahtera 1,254,900,500 - PT. Graha Citra Sejahtera
Lain-lain 581,758,367 16,584,851 Other
24,132,289,236 490,945,602
Pihak yang Mempunyai Hubungan Istimewa : Related Parties :

Hutang Pemegang saham 1,349,066,683 3,708,253,170 Hutang Pemegang saham
Paryanto 1,013,981,833 1,073,731,833 Paryanto
2,363,048,516 4,781,985,003
Jumlah 26,495,337,752 5,272,930,605 Total
Jumlah hutang Rp. 10.950.000.000 terjadi akibat Amount account payable of Rp. 10.950.000.000 owing to
Dayen Environtmental Ltd telah membatalkan MRA dan Dayen Environtmental Ltd being cancellation of MRA and
PT. Modal Investasi Mineral akan mengembalikan uang return of the advance of US$ 1 million by PT. Modal Investasi
muka sebesar US$ 1 Juta, 1 USD = Rp. 10.950 Mineral. 1 USD = Rp. 10.950
Hubungan dan sifat saldo akun/transaksi dengan pihak The relationship and nature of transactions/balances with
yang memiliki hubungan istimewa adalah bahwa related parties is their same director.
perusahaan-perusahaan tersebut memiliki direktur
yang sama dengan perusahaan.
17. PENDAPATAN DITERIMA DIMUKA 17 UNEARNED REVENUE
Akun ini merupakan pendapatan diterima dimuka atas This accounts represent unearned revenue at PT Bara Jaya
uang muka penjualan kepada PT Bara Jaya Utama Utama in 2008 amount Rp 4.536.514.423,- and Dayen
tahun 2008 sebesar Rp 4.536.514.423,- dan uang Enviromental Ltd .The balance as of December 31, 2007 Rp
muka penjualan kepada PT Dayen Eviromental Ltd. 10.142.215.990,-.respectively.
Untuk tahun 2007 sebesar dan Rp 10.142.215.990,-
.
33
18. BIAYA YANG MASIH HARUS DIBAYAR 18 ACCRUED EXPENSES
Rincian biaya yang masih harus dibayar terdiri dari: Details of accrued expenses are as follow:
31-12-2008 31-12-2007
Rp Rp
Biaya Pegawai 551,775,618 390,117,565 Salaries
Jumlah 551,775,618 390,117,565 Total
19. HUTANG PAJAK 19 TAXES PAYABLES
Rincian hutang pajak terdiri dari: Details of taxes payables are as follow:
31-12-2008 31-12-2007
Rp Rp
PPh Pasal (PPh) 4 (2) 14,800,000 - Income tax article 4 (2)
PPh Pasal (PPh) 21 84,439,261 114,827,625 Income tax article 21
PPh Pasal (PPh) 23 5,414,650 18,933,074 Income tax article 23
PPh Pasal (PPh) 25 - 129,362,000 Income tax article 25
Pajak Pertambahan Nilai (PPN) 27,189,639 274,779,639 Value added tax
Jumlah 131,843,550 537,902,338 Total
20. HUTANG SEWA GUNA USAHA 20 LEASE PAYABLES
Akun ini merupakan hutang sewa guna usaha atas This account is lease payables of transportation equipment as
aktiva kendaraan bermotor, dengan rincian sebagai follows :
berikut :
31-12-2008 31-12-2007
Rp Rp
Hutang sewa guna usaha 129,730,802 123,520,284 Lease payables
Bagian jatuh tempo dalam satu tahun - (98,710,149) Current portion of long-term liabilities
Hutang jangka panjang 129,730,802 24,810,135 Long-term liabilities
21. KEWAJIBAN IMBALAN PASCA KERJA 21 PAST SERVICE LIABILITIES
Perusahaan menyelenggarakan imbalan pasca kerja The Company has performed past service benefits program
(past service benefits) yaitu imbalan kerja yang which is a benefit owed to employees who have finished their
terutang setelah pekerja menyelesaikan masa working period. The number of employee who has the right to
kerjanya. Jumlah karyawan yang berhak receive that benefit in the year 2008 and 2007 is 181
memperoleh manfaat tersebut pada tahun 2008 dan employees.
2007 sebanyak 181 karyawan.
34
Penilaian terakhir biaya manfaat karyawan sesuai The last assessment of employee benefit cost according to
dengan PSAK 24 (revisi) dilakukan oleh PT Rileos Indonesia SFAS # 24 (Revised) conducted by PT Rileos
Pratama, aktuaris independen dengan menggunakan Pratama, independent Actuary using criteria of 'Projected Unit
metode "Projected Unit Credit Actuarial Cost Credit Method'. In accordance with actuary report # 01 dated
Method", sesuai dengan laporannya No. 01 tanggal March 17, 2003 the estimated employees benefit liabilities are
17 Maret 2003. Berdasarkan hasil penilaian aktuaria calculated as follows :
tersebut kewajiban program manfaat karyawan yang
diestimasi sebagai berikut:
Nilai sekarang kewajiban masa lalu dihitung dengan Current value of past service liabilities computed by criteria as
menggunakan asumsi aktuaria sebagai berikut: follows :
Tingkat diskonto per tahun 10% Interest rate per annum

Tingkat proyeksi kenaikan gaji per tahun 8% Projected increase of salaries per annum
Tingkat mortalita 100% GAM-71 Mortality index
Proporsi pengambilan pensiun dini N/A Portion of early retirement
Proporsi pengambilan pensiun normal 100% Portion normal time of retirement
Tingkat PHK Karena alasan Lain Nil Other reason of Retirements
Rekonsiliasi kewajiban manfaat karyawan diestimasi Reconciliation of estimated Employee benefits refer to
yang diakui di laporan neraca adalah sebagai Financial Statements are as follows:
berikut:
31-12-2008 31-12-2007
Rp Rp
Nilai sekarang kewajiban masa lalu 597,640,508 574,209,482 Current value of Past Service Liabilities
Kewajiban transisi yang belum diakui (562,656,677) (75,595,684) Unearned transitional liabilities
Kewajiban diakui di neraca 34,983,832 498,613,798 Total Liabilities
Rekonsiliasi beban manfaat karyawan yang diakui di Reconciliation of estimated Employee benefits refer to
laporan laba rugi adalah sebagai berikut: Financial Statements are as follows:
31-12-2008 31-12-2007
Rp Rp
Amortisasi kewajiban transisi 602,484,154 602,484,454 Transitional liabilities of amortization
Total Beban Imbalan Kerja 602,484,154 602,484,454 Total Employee Benefits
Rekonsiliasi perubahan pada kewajiban manfaat Reconciliation of estimated employee benefits liabilities in the
karyawan diestimasi yang diakui di laporan neraca balance sheet are as follows :
adalah sebagai berikut:
31-12-2008 31-12-2007
Rp Rp
Kewajiban awal tahun 1,326,162,213 763,505,536 Beginning balance
Beban manfaat karyawan yang diakui Past service liabilities
pada tahun berjalan 320,787,636 562,656,677 occurred in the current year
Kewajiban akhir tahun 1,646,949,849 1,326,162,213 Balance
35
23. HAK MINORITAS 23 MINORITY INTERESTS
Akun ini terdiri dari: This account consists of:

31-12-2008 31-12-2007
Rp Rp
Modal Saham : Capital Stock :
- PT ATPK Power Resources (99%) 1,000,000 1,000,000 PT ATPK Power Resources (99%) -
- PT ATPK Energy Resources (99%) 1,000,000 1,000,000 PT ATPK Energy Resources (99%) -
- PT Modal Investasi Mineral (96,77%) 1,001,300,000 1,001,300,000 PT Modal Investasi Mineral (96,77%) -
Pemilikan Langsung Direct Ownership
- PT MIM Geoservices Technology 200,000,000 200,000,000 PT MIM Geoservices Technology
-
- PT Sarana Mandiri Utama 450,000,000 450,000,000 PT Sarana Mandiri Utama
-
- PT Saptajaya Menjak Sengewari 180,000,000 180,000,000 PT Saptajaya Menjak Sengewari
-
- PT Tuhup Coal Mining 150,000,000 150,000,000 PT Tuhup Coal Mining
-
- PT Damanka Prima 45,000,000 45,000,000 PT Damanka Prima
- PT Mega Alam Sejahtera 37,500,000 37,500,000 PT Mega Alam Sejahtera -
- PT MIM Nikelindo Mulia 37,500,000 37,500,000 PT MIM Nikelindo Mulia
- PT Wahana Bumi Mulia 125,000,000 125,000,000 PT Wahana Bumi Mulia -
- PT Otoma Global Mitra 7,500,000 7,500,000 PT Otoma Global Mitra -
Sub Jumlah 2,235,800,000 2,235,800,000 Sub Total
Bagian laba (rugi) ditahan Retained earning portion
- PT ATPK Power Resources (99%) (3,704,842) (882,698) PT ATPK Power Resources (99%) -
- PT ATPK Energy Resources (99%) (4,498,865) (597,428) PT ATPK Energy Resources (99%) -
- PT Modal Investasi Mineral (96,77%) (669,585,526) (323,876,932) PT Modal Investasi Mineral (96,77%) -
Pemilikan Tidak Langsung Indirect Ownership
- PT MIM Geoservices Technology (177,171,199) (117,719,127) PT MIM Geoservices Technology -
- PT Sarana Mandiri Utama (11,944,982) (6,166,913) PT Sarana Mandiri Utama -
- PT Saptajaya Menjak Sengewari (529,678,130) (81,615,921) PT Saptajaya Menjak Sengewari -
- PT Tuhup Coal Mining (61,790,624) (52,385,850) PT Tuhup Coal Mining -
- PT Damanka Prima (109,517,188) (10,500,000) PT Damanka Prima -
- PT Mega Alam Sejahtera (492,179,526) (304,103,282) PT Mega Alam Sejahtera -
- PT MIM Nikelindo Mulia (179,214) - PT MIM Nikelindo Mulia -
- PT Wahana Bumi Mulia (280,899) - PT Wahana Bumi Mulia -
- PT Otoma Global Mitra (6,351,199) (3,716,146) PT Otoma Global Mitra -
Sub Jumlah (2,066,882,193) (901,564,296) Sub Total
Bagian laba (rugi) tahun berjalan : Current year profit (loss) portion:
Pemilikan Langsung Direct Ownership
- PT ATPK Power Resources (99%) (15,046,177) (2,822,144) PT ATPK Power Resources (99%) -
- PT ATPK Energy Resources (99%) (9,371,673) (6,269,631) PT ATPK Energy Resources (99%) -
- PT Modal Investasi Mineral (96,77%) (848,519,749) (346,579,055) PT Modal Investasi Mineral (96,77%) -
Pemilikan Tidak Langsung Indirect Ownership
- PT MIM Geoservices Technology (274,102,656) (59,452,072) PT MIM Geoservices Technology -
- PT Sarana Mandiri Utama (514,606,042) (5,778,069) PT Sarana Mandiri Utama -
- PT Saptajaya Menjak Sengewari (284,902,574) (448,062,208) PT Saptajaya Menjak Sengewari -
- PT Tuhup Coal Mining (385,808,770) (9,404,774) PT Tuhup Coal Mining -
- PT Damanka Prima (1,395,865,416) (99,017,188) PT Damanka Prima -
- PT Mega Alam Sejahtera (1,306,195,538) (188,076,244) PT Mega Alam Sejahtera -
- PT MIM Nikelindo Mulia (139,817,843) (179,214) PT MIM Nikelindo Mulia -
- PT Wahana Bumi Mulia (393,843,306) (280,899) PT Wahana Bumi Mulia -
- PT Otoma Global Mitra (382,364) (2,635,054) PT Otoma Global Mitra -
Sub Jumlah (5,568,462,108) (1,168,556,551) Sub Total
Saldo hak minoritas (5,399,544,301) 165,679,152 Minority interest
36
24. EKUITAS 24 EQUITY
Komposisi kepemilikan saham sebagai berikut: The composition of Shareholder are as follow:
31 Desember 2008 / December 31, 2008

Jumlah Saham/ Persentase/ Jumlah/
Pemegang Saham Stock Holders
Total Shares Percentage Total
Kim Eng Securities PTE LTD 91,038,072 10.96% 18,207,614,400 Kim Eng Securities PTE LTD
UOB Kay Hian Pte LTD 269,028,833 32.39% 53,805,766,600 UOB Kay Hian Pte LTD
Credit Suisse Zurich 105,310,000 12.68% 21,062,000,000 Credit Suisse Zurich
Pershing LLG Main Custody 85,845,072 10.34% 17,169,014,400 Pershing LLG Main Custody
Masyarakat 279,340,025 33.63% 55,868,005,000 Public
Jumlah 830,562,002 100% 166,112,400,400 Total
31 Desember 2007 / December 31, 2007

Jumlah Saham/ Persentase/ Jumlah/
Pemegang Saham Stock Holders
Total Shares Percentage Total
CS Singapore TR AC Clients 190,644,300 23.00% 38,128,860,000 CS Singapore TR AC Clients
UOB Kay Hian Pte LTD 186,137,833 22.46% 37,227,566,600 Hopaco Properties Limited
Credit Suisse Zurich 105,505,000 12.73% 21,101,000,000 Credit Suisse Zurich
Masyarakat 346,434,368 41.80% 69,286,873,600 Public
Jumlah 828,721,501 100% 165,744,300,200 Total
Pada tanggal 16 Mei 2007 Perseroan melakukan On May 16, 2007, the company has done limited general offer
Penawaran Umum Terbatas I (PUT I) dalam rangka I in accordance with publishing privilage rights of securities
penerbitan Hak Memesan Efek Terlebih Dahulu requesting, amounting to 410.450.000 shares.
(HMETD) sebanyak 410.450.000 lembar saham.
Sehubungan dengan hal tersebut, maka pada In case of that, on June 30, 2007 has been done extra
tanggal 30 Juni 2007 telah diadakan Rapat Umum ardinary shareholders meeting PT ATPK Resources, Tbk in
Pemegang Saham Luar Biasa (RUPSLB) PT ATPK Notary deed No. 84 of Fathiah Helmi, SH, Notary in Jakarta
Resources Tbk yang tertuang dalam Akta No.84 dari and opinion of meeting accepts of privilage right of securities
Notaris Fathiah Helmi, SH., notaris di Jakarta yang requesting.
pada pokoknya menyetujui PUT I dengan
menerbitkan HMETD.
Dalam PUT I, Saham yang dikeluarkan (berasal dari In limited general offer I, the published shares are from in
saham portepel) sebanyak 410.450.000 lembar portepal amounting to 410.450.000 common stock with par
saham biasa dengan nilai nominal Rp200 setiap value Rp 200 per share and offering price is Rp 445 per share
saham yang ditawarkan dengan Harga Pelaksanaan or the total is Rp 182.650.250.000 with detail as follow :
Rp445 setiap saham atau seluruhnya berjumlah
Rp182.650.250.000 dengan rincian sebagai berikut:
37
Modal disetor awal tahun 2007 82,090,000,000 Paid in capital at the beginning year 2007
- Hasil penjualan 410.450.000 saham biasa - Sales of 410.450.000 common stock @ Rp445 par
@Rp445. 182,650,250,000 value
- Selisih harga jual saham: - Variance stock price
410.450.000 saham x ( Rp.445 - Rp.200) (100,560,250,000) 410.450.000 shares x ( Rp.345 - Rp.200)
Modal disetor akhir tahun 2007 164,180,000,000 Paid in capital at the the end of year 2007
Konversi waran tahun 2008 1,932,400,400 Warant conversion in year 2008

Modal di setor akhir tahun 2008 166,112,400,400 Paid in capital at the the end of year 2008
Agio saham awal tahun 9,598,656,592 Paid in capital at the beginning year
- Selisih harga jual saham: - Variance stock price
410.450.000 saham x ( Rp.445 - Rp.200) 100,560,250,000 410.450.000 shares x ( Rp.345 - Rp.200)
- Biaya emisi saham (3,150,000,000) - Emision costs of common stock
Modal disetor akhir tahun 107,008,906,592 Paid in capital at the the end of year
25. PENDAPATAN 25 REVENUES
Jumlah pendapatan merupakan pendapatan dari PT This account represent of revenue from PT Otoma Global
Otoma Global Mitra dan jasa explorasi dari PT MIM Mitra and exploration services of PT MIM Geoservices
Geoservices Technology yang terdiri dari: Technology such as:
2008 2007
Rp Rp
PT Pertamina 2,675,392,700 - PT Pertamina
PT Yamabhumi Palaka 848,780,090 405,000,000 PT Yamabhumi Palaka
PT Citra Borneo Consultant - 317,600,800 PT Citra Borneo Consultant
PT Nusantara Indah Lestari - 315,866,350 PT Nusantara Indah Lestari
PT Geosain Delta Andalan - 297,250,000 PT Geosain Delta Andalan
PPEJ-Proyek Tuban - 1,425,342,533 PPEJ-Proyek Tuban
GWDC-Proyek - 57,600,000 GWDC-Project
Jumlah 3,524,172,790 2,818,659,683 Total
26. BEBAN POKOK PENDAPATAN 26 COST OF REVENUES

Jumlah beban pokok pendapatan terdiri dari: Consists of:
2008 2009
Rp Rp
Biaya langsung Direct Expenses
Pegawai - 847,525,000 Employee
Operasional - 705,486,522 Operational
Beban pokok pendapatan 3,858,661,667 - Cost of good sold
lain-lain - 10,500,000 Others
Jumlah 3,858,661,667 1,563,511,522 Total
Biaya tidak langsung Indirect Expenses
Penyusutan - 225,426,273 Depreciation
Overhead - 16,747,500 Overhead
Jumlah - 242,173,773 Total
Jumlah 3,858,661,667 1,805,685,295 Total
38
27. BEBAN ADMINISTRASI DAN UMUM 27 ADMINISTRATIVE AND GENERAL EXPENSES

Terdiri dari: Consists of:
2008 2007
Rp Rp
Gaji dan tunjangan 8,329,144,429 9,075,782,582 Salaries and allowances
Pemeliharaan 76,458,545 119,161,730 Maintenances
Sewa 2,518,174,072 3,475,360,521 Rental
Konsultan 1,844,806,910 5,473,403,513 Consultant
Kantor 7,724,266,993 3,349,038,742 Office
Penyusutan dan amortisasi 5,029,521,882 4,705,207,239 Depreciation and amortization
Jumlah 25,522,372,831 26,197,954,327 Total
28. PENDAPATAN (BEBAN) LAIN-LAIN 28 OTHER INCOME (EXPENSES)
Terdiri dari: Consists of:

2008 2007
Rp Rp
Pendapatan Bunga 2,052,134,632 1,483,070,207 Interest Income
Pendapatan jasa lainnya 1,348,069,156 137,522,758 Other Services Income
Laba Penjualan Aktiva Tetap 20,000,000 - Gain on Disposal of Plant Assets
Beban Kerugian Investasi - - Loss on Investment
Biaya Kerugian Piutang - (203,028,762) Loss on Investment
Kerugian Penurunan Aktiva Tetap - (26,698,160,981) Loss on Impairment of Assets
Beban Bunga - (1,907,004,000) Interest Expenses
Beban Administrasi Bank (104,815,008) (86,253,651) Bank Charges
Laba (Rugi) Selisih Kurs 130,541,532 (50,734,439) Loss on Foreign Exchange Rate
Lain-lain (bersih) (472,346,302) (12,656,038) Others (net)
2,973,584,010 (27,337,244,906)
Kerugian penurunan aktiva tetap Loss on retirement of fixed
Pada tahun 2007 telah terjadi penurunan nilai aktiva tetap Details of retirement of fixed assets are as follow:
Perseroan dengan rincian sebagai berikut:
2008 2007
Rp Rp
Tanah - 23,447,852,400 Interest Income
Bangunan - (955,048,953) Other Services Income
Prasarana - 1,374,795,636 Gain on Disposal of Plant Assets
Tanaman belum menghasilkan - 2,830,561,898 Gain on Disposal of Plant Assets
Konstruksi prasarana tambak - bersih - - Loss on Investment
- 26,698,160,981
39
Penurunan nilai aktiva tetap tahun 2007 timbul karena The stated values of revaluation of fixed assets in 2007
adanya penilian kembali atas tanah, bangunan dan which consist of land, building and infrastructures as of
prasarana yang dilakukan oleh Konsultan Penilai December 31, 2007 as pressented above , based on report
Hariutomo dan Rekan, sesuai laporan No. 023/UJP- of Appraisers Consutants Hariutomo and co No. 023/UJP-
HU/MDN/APP/V/2008 tanggal 5 Mei 2008. Hasil HU/MDN/APP/V/2008 dated May 5, 2008. That revaluation
penilaian tersebut dilaksanakan dalam rangka is done because of divestation of land and above of land
divestasi atas tanah dan yang berada diatasnya amounting to 430,477 Hectoacres of PT ATPK Resources,
dengan luas tanah 430,477 Ha milik PT ATPK Tbk which is location at Desa Pematang Lalang Kecamatan
Resources, Tbk yang terletak di Desa Pematang Percut Sei Tuan, Kabupaten Deli Serdang, North Sumatera
Lalang, Kecamatan Percut Sei Tuan, Kabupaten Deli Province.
Serdang, Provinsi Sumatera Utara.
29. PAJAK PENGHASILAN 29 INCOME TAX
Manfaat (beban) pajak Perusahaan dan anak Tax benefits (expenses) of the Company and its
perusahaan terdiri dari: subsidiaries consist of the following:
31-12-2008 31-12-2007
Rp Rp
Manfaat pajak tangguhan: Deferred tax benefits:
Perusahaan - 2,671,119,553 The Company
Anak Perusahaan (8,227,764,949) 4,016,231,379 Subsidiaries
Jumlah (8,227,764,949) 6,687,350,932 Total
Pajak kini Current Tax

Rekonsiliasi antara laba (rugi) sebelum pajak A reconciliation between income (loss) before tax per
menurut laporan laba (rugi) dengan laba (rugi) kena statements of income (loss) with taxable income (loss) of the
pajak adalah sebagai berikut: Company as follows:
31-12-2008
Rp
Laba (rugi) sebelum pajak
menurut laporan laba (rugi) Income (loss) before tax per consolidated
konsolidasi: (22,883,277,698) statement of income (loss)
Perbedaan temporer: Temporary difference:

Manfaat karyawan 320,787,636 Employee benefits
THR dan bonus 417,927,389 Employee benefits
Perbedaan tetap: Permanent difference:
Biaya Pemeliharaan 76,458,545 Maintenance Expense
Biaya Denda 4,481,156 Penalty Expense
Sumbangan 30,635,300 Donation
Konsumsi 66,884,509 Consumtion
Biaya Perjalanan Dinas 1,590,344,687 Bussiness travel Expense
Biaya Sewa 2,518,174,072 Rent Expense
Parcel 2,422,000 Rent expenses
Biaya lain-lain 51,570,030 Other expenses
Biaya Entertainment 572,248,742 Entertainment Expense
Jasa Giro (191,528,227) Interest Income
Bunga deposito (363,525,207) Interest deposit
Pendapatan / Beban Lain-Lain - Other Income/ Expenses
Bagian Rugi (Laba) Anak Perusahaan - Income (loss) from investing to subsidiary
Biaya administrasi bank 104,815,008 Interest Expense
Laba (rugi) kena pajak (17,681,582,058) Fiscal Loss
Pajak Kini NIHIL Current Tax
40
Kredit/(Beban)
ke laporan
laba rugi/
Credit/(Charge)
1 Januari/ statements of 31 Desember/
Jan-07 income Dec-07
Perusahaan: The Company:
Rugi fiskal 4,359,193,800 2,666,433,257 7,025,627,057 Fiscal loss
Penyusutan 89,794,796 - 89,794,796 Depreciations
Penyisihan Provision for
piutang ragu-ragu 105,837,675 - 105,837,675 doubtful accounts
Sewa guna usaha (53,602,443) - (53,602,443) Leasing
Manfaat karyawan 52,992,620 4,686,295 57,678,915 Employee benefits
4,554,216,448 2,671,119,553 7,225,336,001
Anak perusahaan: Subsidiaries:
Rugi fiskal 4,124,362,321 4,145,593,379 8,269,955,700 Fiscal loss
Manfaat karyawan 176,059,041 - 176,059,041 Employee benefits
4,300,421,362 4,145,593,379 8,446,014,741
Jumlah 8,854,637,810 6,816,712,932 15,671,350,742 Total
30. PERTISTIWA SETELAH TANGGAL NERACA 30 SUBSEQUENT EVENTS
Pada tanggal 19 Januari 2009, Manajemen telah On January 19, 2009, the management appointed Delloit &
menunjuk Delloit & Touche Advisory Services Pte. Touche Advisory Services Pte. Ltd. to conduct a forensic
Ltd. Untuk melakukan Forensic Review atas beberapa review of certain accounts of PT. ATPK Resources, Tbk and
hal khususnya masalah yang menjadi dasar kualifikasi PT Modal Investasi Mineral which were qualified by HLB
dalam opini audit untuk tahun berakhir tanggal 31 Hadori Sugiarto Adi & Co Certified Public Accountant in the
Desember 2007, yaitu masalah investasi melalui anak Audited report for financial statement year 31 December 2007,
perusahaan (tidak langsung) PT Sarana Mandiri relating to investment through subsidiaries namely PT Sarana
Utama dan PT Saptajaya Menjak Sengewari, piutang mandiri Utama and PT Saptajaya Menjak Sengewari,
lain-lain, dan uang muka kontraktor. Advances to Contractors and Other Receivable.
Latar belakang dilakukannya forensic review adalah The reason of conducting the forensic review because there
karena adanya temuan data dan dokumen pada are some data and document finding in the year 2008 which are
tahun 2008 yang memberikan indikasi adanya
leading to an indication of possobility against law commited by
kemungkinan tindakan melawan hukum yang
certain shareholder of the company. Up to the release of this
dilakukan oleh pemegang saham tertentu perseroan.
Hingga penerbitan laporan ini, laporan forensic review report, the forensic review report has not been officially
belum di terima. received.
41
31. KELANGSUNGAN HIDUP PERUSAHAAN 31 COMPANY GOING CONCERN
Beberapa hal yang direncanakan dan dilakukan oleh The plan and actual activities conducted by managements
manajemen dalam rangka menjaga kelangsungan hidup to maintain the company going concern is:
perusahaan sebagai berikut:
1. Mengirimkan surat konfirmasi dan melakukan upaya 1. Sending confirmation letter and doing collected to third
penagihan terhadap pihak ketiga yang berpiutang parties which have receivables to company either
pada Perseroan maupun anak-anak perusahaan subsidiaries that recorded on company's financial
yang tercatat dalam laporan keuangan tahun 2008. statements in 2008.
2. Implementasi tindakan hukum antara lain dengan 2. Legal action by doing summons to third parties which
melakukan somasi kepada pihak ketiga yang have receivables to company.
berpiutang pada Perseroan.
3. Meningkatkan kualitas Good Corporate Governnance 3. Improving quality of Good Corporate Governance to all
pada seluruh bidang kegiatan Perseroan dan anak company's activities.
perusahaan.
4. Menunjuk konsultan independen untuk melakukan 4. Appointing independent consultant to do forensic review
kajian forensic dan kajian hukum atas adanya indikasi and legal review on indication of possibility against law
kemungkinan tindakan melawan hukum yang by certain parties.
dilakukan pihak-pihak tertentu.
5. Mengupayakan dan mencari potensial investor. 5. To find potential investor. Improving cooperation with
Meningkatkan kerja sama dengan pemegang saham minority shareholders of the subsidiaries and ensure that
minoritas di anak-anak perusahaan dan memastikan operation activities in subsidiaries run properly.
kegiatan operasional pada anak perusahaan berjalan
dengan baik.
42
wilayah Kerja / Operation Area
Brunei

Atpk 2008

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DAFTAR ISI CONTENTS

iDeNTiTAs PeRUsAhAAN 02 CORPORATe ideNTiTy

Alamat Kantor Pusat Head Office Address

Alamat Kantor Operasional Operational Office Address

Bidang Usaha Business Line

Laporan Tahunan 2008 Annual Report

Anak-anak Perusahaan Subsidiaries

Misi Perusahaan MISSION

Strategi Perusahaan Corporate Strategy

Laporan Tahunan 2008 Annual Report

2. Berdasarkan keputusan RUPSLB Perseroan 2. Based on resolution passed at the EGMS of

menyetujui penambahan kegiatan usaha Power Producer (IPP).

5. Berdasarkan pernyataan keputusan RUPSLB 5. Based on resolution passed at the EGMS of

Laporan Tahunan 2008 Annual Report

No Anak Perusahaan Perseroan Kepemilikan Berdiri Partisipasi

1 PT. ATPK Power Resources 99 % 6 Juli-06 6 Juli-06

2 PT. ATPK energy Resources 99 % 6 Juli-06 6 Juli-06

3 PT. Modal investasi Mineral 96,7 % 24 Juni-06 22 Des-06

1 PT. sMs 70 % 5-Peb-06 9-Mar-06

Bahwa modal dasar MCP adalah MCP’s paid-in capital amounting to

Laporan Tahunan 2008 Annual Report

KOMPOSISI MODAL CAPITAL Allotment

Susunan Dewan Board of Commisioners

Dewan Komisaris Board of Commissioners

Komisaris Utama / President Commissioner : Rajadurai Rajakumaran Manickam Rajadurai

Komisaris merangkap Komisaris : Anwar Pulukadang

Direksi Board of directors

Direktur Utama / President director : Dokter Haji Muhammad Wasisto Budiharsoyo,MA

Direktur / director : Azahar Bin Zaini

Direktur / director : Raymond Bernardus

Direktur / director : Ir. Saur Maruli Silalahi, MSc.

Direktur / director : Dharwan Widjaja

Direktur / director : H. Akhmad Taufik SE.

Laporan Tahunan 2008 Annual Report

Dewan Komisaris Board of Commissioners

Komisaris Utama / President Commissioner : Rajadurai Rajakumaran Manickam Rajadurai

Komisaris merangkap Komisaris : Anwar Pulukadang

Direksi Board of directors

Direktur Utama / President director : Dokter Haji Muhammad Wasisto Budiharsoyo,MA

Direktur / director : Raymond Bernardus

Direktur / director : Ir. Saur Maruli Silalahi, MSc.

Direktur / director : Dharwan Widjaja

Direktur / director : H. Akhmad Taufik SE.

Laporan Tahunan 2008 Annual Report

Dr. H.M. Wasisto Budiharsoyo, MA

Azahar Bin Zaini

Dharwan Widjaja Laporan Tahunan 2008 Annual Report

Saur Maruli Silalahi

Maret 2008 March 2008

April 2008 April 2008

Laporan Tahunan 2008 Annual Report

Mei 2008 May 2008

Juni 2008 June 2008

Dewan Komisaris Board of Commissioners

Komisaris Utama / President Commissioner : Rajadurai Rajakumaran Manickam Rajadurai

Komisaris merangkap Komisaris : Anwar Pulukadang

Direksi Board of directors

Direktur Utama / President director : Dokter Haji Muhammad Wasisto Budiharsoyo,MA

Direktur / director : Azahar Bin Zaini

Direktur / director : Ir. Saur Maruli Silalahi, MSc.

Direktur / director : Dharwan Widjaja

Direktur / director : H. Akhmad Taufik SE.

Juli 2008 July 2008