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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN/PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASI DAN INFORMASI TAMBAHAN/CONSOLIDATED FINANCIAL STATEMENTS ANDSUPPLEMENTARY INFORMATION

UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2007 DAN 2006/FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

DAN LAPORAN AUDITOR INDEPENDEN/AND INDEPENDENT AUDITORS’ REPORT

PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN/AND ITS SUBSIDIARIESDAFTAR ISI/TABLE OF CONTENTS

Halaman/Page

SURAT PERNYATAAN DIREKSI/DIRECTORS’ STATEMENT LETTER

LAPORAN AUDITOR INDEPENDEN/INDEPENDENT AUDITORS’ REPORT 1

LAPORAN KEUANGAN KONSOLIDASI – Pada tanggal 31 Desember 2007 dan 2006serta untuk tahun-tahun yang berakhir pada tanggal tersebut/

CONSOLIDATED FINANCIAL STATEMENTS – As of December 31, 2007 and 2006and for the years then ended

Neraca Konsolidasi/Consolidated Balance Sheets 3

Laporan Laba Rugi Konsolidasi/Consolidated Statements of Income 5

Laporan Perubahan Ekuitas Konsolidasi/Consolidated Statements ofChanges in Equity 6

Laporan Arus Kas Konsolidasi/Consolidated Statements of Cash Flows 7

Catatan Atas Laporan Keuangan Konsolidasi/Notes to Consolidated Financial Statements 8

INFORMASI TAMBAHAN/SUPPLEMENTARY INFORMATION

I. Neraca Tersendiri Induk Perusahaan/Balance Sheets of Parent Company Only 66

II. Laporan Laba Rugi Tersendiri Induk Perusahaan/Statements of Income of Parent Company Only 68

III. Laporan Perubahan Ekuitas Tersendiri Induk Perusahaan/Statements of Changes In Equity of Parent Company Only 69

IV. Laporan Arus Kas Tersendiri Induk Perusahaan/Statements of Cash Flows of Parent Company Only 70

PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESNERACA KONSOLIDASI CONSOLIDATED BALANCE SHEETS31 DESEMBER 2007 DAN 2006 DECEMBER 31, 2007 AND 2006

Catatan/2007 Notes 2006Rp Rp

AKTIVA ASSETS

AKTIVA LANCAR CURRENT ASSETSKas dan setara kas 1.634.991.766.133 2f,3 508.182.498.827 Cash and cash equivalentsBank escrow - 4 230.012.191.741 Bank escrowInvestasi jangka pendek 131.369.858.624 2g,5 - Short-term investmentsPiutang usaha 2h,6 Trade accounts receivable

Pihak hubungan istimewa 220.016.506.588 2d,40 152.224.041.341 Related partiesPihak ketiga - setelah dikurangi Third parties - net of allowance

penyisihan piutang ragu-ragu for doubtful accounts ofRp 6.050.627.781 tahun 2007 dan Rp 6,050,627,781 in 2007 andRp 5.306.161.763 tahun 2006 1.062.022.902.465 617.869.384.453 Rp 5,306,161,763 in 2006

Piutang lain-lain 71.896.260.267 2d,2h,7 34.619.499.606 Other accounts receivablePersediaan 885.315.041.172 2i,8 702.982.981.310 InventoriesUang muka program 174.222.601.089 9 36.690.648.603 Program advancesPajak dibayar dimuka 6.641.236.673 2s,10 2.131.955.225 Prepaid taxesUang muka dan biaya dibayar dimuka 49.878.453.179 2j,11 26.833.974.110 Advances and prepaid expensesJumlah Aktiva Lancar 4.236.354.626.190 2.311.547.175.216 Total Current Assets

AKTIVA TIDAK LANCAR NONCURRENT ASSETSPiutang pihak hubungan istimewa 3.938.143.629 2d,40 7.832.351.631 Accounts receivable from related partiesAktiva pajak tangguhan - bersih 32.762.769.290 2s,36 26.080.088.922 Deferred tax assets - netInvestasi pada perusahaan asosiasi 646.599.283 2g,12 - Investments in associatesInvestasi lain 956.375.368.326 13 154.411.247.111 Other investmentsAktiva tetap - setelah dikurangi Property and equipment - net of

akumulasi penyusutan sebesar accumulated depreciation ofRp 843.526.357.305 tahun 2007 dan Rp 843,526,357,305 in 2007 andRp 729.977.213.958 tahun 2006 778.181.862.365 2k,2n,14 717.348.123.108 Rp 729,977,213,958 in 2006

Aktiva tetap kerjasama - setelah dikurangi Property and equipment under jointakumulasi penyusutan sebesar operations - net of accumulatedRp 18.937.784.344 tahun 2007 dan depreciation of Rp 18,937,784,344 in 2007Rp 17.318.810.106 tahun 2006 4.517.274.868 2l,15,44 5.065.912.495 and Rp 17,318,810,106 in 2006

Goodwill 280.466.465.312 2b,2m,16,39 274.573.719.564 GoodwillAktiva lain-lain 94.983.608.168 17 70.485.995.583 Other assetsJumlah Aktiva Tidak Lancar 2.151.872.091.241 1.255.797.438.414 Total Noncurrent Assets

JUMLAH AKTIVA 6.388.226.717.431 3.567.344.613.630 TOTAL ASSETS

Lihat catatan atas laporan keuangan konsolidasi yang merupakanbagian yang tidak terpisahkan dari laporan keuangan konsolidasi.

See accompanying notes to consolidated financial statements whichare an integral part of the consolidated financial statements.

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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESNERACA KONSOLIDASI CONSOLIDATED BALANCE SHEETS31 DESEMBER 2007 DAN 2006 - Lanjutan DECEMBER 31, 2007 AND 2006 - Continued


KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIESHutang usaha 18 Trade accounts payable

Pihak hubungan istimewa 63.970.092.824 5.515.460.883 Related partiesPihak ketiga 417.511.835.230 296.248.759.292 Third parties

Hutang pajak 132.593.675.841 2s,19 111.414.187.945 Taxes payablePendapatan diterima dimuka 30.467.173.685 2q,20 24.092.527.297 Unearned revenuesBiaya masih harus dibayar 185.031.602.245 2q,21 98.561.154.653 Accrued expensesHutang lain-lain 22 Other accounts payable

Pihak hubungan istimewa 2.173.707.182 2d,40 1.434.528.229 Related partiesPihak ketiga 48.166.640.904 28.220.958.030 Third parties

Hutang jangka panjang jatuh tempo Current maturities ofdalam satu tahun long-term liabilitiesHutang pembelian Liabilities for purchase of

aktiva tetap 5.925.499.620 23 8.400.513.499 property and equipmentHutang obligasi 220.000.000.000 2o,24 - Bonds payable

Jumlah Kewajiban Lancar 1.105.840.227.531 573.888.089.828 Total Current Liabilities

KEWAJIBAN TIDAK LANCAR NONCURRENT LIABILITIESHutang jangka panjang - setelah dikurangi Long-term liabilities - net of

bagian jatuh tempo dalam satu tahun current maturitiesHutang pembelian Liabilities for purchase of

aktiva tetap 3.368.713.203 23 6.529.817.026 property and equipmentHutang obligasi 1.282.445.659.945 2o,24 1.802.521.828.613 Bonds payable

Hutang pihak hubungan istimewa 2.717.528.199 2d,40 6.354.833.520 Accounts payable to related partiesKewajiban pajak tangguhan - bersih 10.495.457.686 2s,36 12.075.189.885 Deferred tax liabilities - netKewajiban imbalan pasca kerja 44.322.475.757 2r,38 33.687.690.943 Post-employment benefits obligationHutang jangka panjang lainnya 2.170.727.596 2.350.146.362 Other long-term liabilitiesJumlah Kewajiban Tidak Lancar 1.345.520.562.386 1.863.519.506.349 Total Noncurrent Liabilities

HAK MINORITAS 47.531.572.521 2b,25 27.053.018.871 MINORITY INTERESTS

EKUITAS EQUITYModal saham - nilai nominal Capital stock - Rp 100 par value per share

Rp 100 per saham tahun 2007 dan in 2007 and Rp 100,000 par valueRp 100.000 per saham tahun 2006 per share in 2006Modal dasar - 5.700.000.000 saham Authorized - 5,700,000,000 series A

seri A dan 34.300.000.000 saham shares and 34,300,000,000 series Bseri B tahun 2007, dan 14.000.000 shares in 2007, and 14,000,000saham tahun 2006 shares in 2006

Modal ditempatkan dan disetor - Issued and paid-up - 5,700,000,0005.700.000.000 saham seri A dan series A shares and 8,050,000,0008.050.000.000 saham seri B tahun series B shares in 2007, and2007, dan 5.700.000 saham tahun 2006 1.375.000.000.000 26 570.000.000.000 5,700,000 shares in 2006

Tambahan modal disetor 2.083.303.372.335 2p,27 - Additional paid-up capitalUang muka setoran modal - 28 130.000.000.000 Advance for capital stock subscriptionSelisih kurs penjabaran laporan keuangan 687.313.316 29 - Translation adjustmentsSaldo laba - belum ditentukan Retained earnings -

penggunaannya 430.343.669.342 402.883.998.582 unappropriatedJumlah Ekuitas 3.889.334.354.993 1.102.883.998.582 Total Equity

JUMLAH KEWAJIBAN DAN EKUITAS 6.388.226.717.431 3.567.344.613.630 TOTAL LIABILITIES AND EQUITY



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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESLAPORAN LABA RUGI KONSOLIDASI CONSOLIDATED STATEMENTS OF INCOMEUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2007 DAN 2006 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006


PENDAPATAN USAHA 2q,30 REVENUESIklan 2.628.640.976.333 1.987.016.242.438 AdvertisementsNon iklan 280.067.984.368 109.097.415.974 Non advertisementsJumlah Pendapatan Usaha 2.908.708.960.701 2.096.113.658.412 Total Revenues

BEBAN USAHA OPERATING EXPENSESBeban langsung 1.351.698.742.673 2q,31 1.076.828.434.957 Direct costsUmum dan administrasi 605.013.634.534 2q,32 385.986.948.547 General and administrationPenyusutan dan amortisasi 111.610.815.593 2k,2l,33 84.630.788.827 Depreciation and amortizationJumlah Beban Usaha 2.068.323.192.800 1.547.446.172.331 Total Operating Expenses

LABA USAHA 840.385.767.901 548.667.486.081 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)Penghasilan bunga 95.137.505.880 3 13.004.818.978 Interest incomeBeban bunga dan keuangan (267.299.547.546) 2q,34 (212.362.401.478) Interest and financial chargesKeuntungan (kerugian) kurs mata uang Gain (loss) on foreign

asing - bersih (73.142.422.504) 2c,43 52.152.902.642 exchange - netAmortisasi goodwill (15.754.163.295) 2b,2m,16 (7.777.401.742) Amortization of goodwillLain-lain - bersih (7.602.769.989) 35 (8.684.420.237) Others - net

Beban Lain-lain - Bersih (268.661.397.454) (163.666.501.837) Other Charges - Net

BAGIAN LABA BERSIH EQUITY IN NET INCOME OFPERUSAHAAN ASOSIASI 35.148.286 2g,12 - ASSOCIATES

LABA SEBELUM PAJAK 571.759.518.733 385.000.984.244 INCOME BEFORE TAX

BEBAN PAJAK (127.172.820.687) 2s,36 (76.399.513.256) TAX EXPENSE

LABA SEBELUM HAK MINORITAS 444.586.698.046 308.601.470.988 INCOME BEFORE MINORITY INTERESTS

HAK MINORITAS (17.127.027.286) 1b,2b,25 (19.011.780.634) MINORITY INTERESTS

LABA BERSIH 427.459.670.760 289.589.690.354 NET INCOME

LABA PER SAHAM DASAR 34 2t,37 29 BASIC EARNINGS PER SHARE


See accompanying notes to consolidated financial statementswhich are an integral part of the consolidated financial statements.

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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESLAPORAN PERUBAHAN EKUITAS KONSOLIDASI CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2007 DAN 2006 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

Selisih kursUang muka penjabaran Saldo laba -

Modal ditempatkan Tambahan setoran modal/ laporan belum ditentukandan disetor/ modal disetor/ Advance for keuangan/ penggunaannya/

Catatan/ Issued and Additional capital stock Translation Retained earnings Jumlah ekuitas/Notes paid-up capital paid-up capital subscription adjustments - unappropriated Total equity

Rp Rp Rp Rp Rp Rp

Saldo per 1 Januari 2006 570.000.000.000 - 19.757.136.000 - 113.294.308.228 703.051.444.228 Balance as of January 1, 2006Uang muka setoran modal 26,28 - - 110.242.864.000 - - 110.242.864.000 Advance for capital stock subscriptionLaba bersih tahun berjalan - - - - 289.589.690.354 289.589.690.354 Net income for the year

Saldo per 31 Desember 2006 570.000.000.000 - 130.000.000.000 - 402.883.998.582 1.102.883.998.582 Balance at December 31, 2006Penerbitan 1.300.000 saham Issuance of capital stock - 1,300,000

nilai nominal Rp 100.000 shares with Rp 100,000 par valueper saham 26,27 130.000.000.000 - (130.000.000.000) - - - per share

Kapitalisasi saldo laba menjadi Capitalization of retained earnings -4.000.000.000 saham seri B, 4,000,000,000 Series B Shares withnilai nominal Rp 100 per saham 26 400.000.000.000 - - - (400.000.000.000) - Rp 100 par value per share

Penerbitan 2.750.000.000 saham Issuance of capital stock - 2,750,000,000seri B, nilai nominal Rp 100 series B Shares with Rp 100 par valueper saham 26,27 275.000.000.000 2.200.000.000.000 - - - 2.475.000.000.000 per share

Biaya emisi saham 2p,27 - (116.696.627.665) - - - (116.696.627.665) Share issuance costSelisih kurs penjabaran

laporan keuangan 29 - - - 687.313.316 - 687.313.316 Translation adjustmentsLaba bersih tahun berjalan - - - - 427.459.670.760 427.459.670.760 Net income for the year

Saldo per 31 Desember 2007 1.375.000.000.000 2.083.303.372.335 - 687.313.316 430.343.669.342 3.889.334.354.993 Balance at December 31, 2007

See accompanying notes to consolidated financial statements which are an integralpart of the consolidated financial statements.


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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESLAPORAN ARUS KAS KONSOLIDASI CONSOLIDATED STATEMENTS OF CASH FLOWSUNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2007 DAN 2006 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

2007 2006Rp Rp

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIESPenerimaan kas dari pelanggan 2.640.346.091.399 1.828.322.795.647 Cash receipts from customersPembayaran kas kepada pemasok dan karyawan (2.223.496.575.055) (1.459.996.465.298) Cash paid to suppliers and employeesKas dihasilkan dari operasi 416.849.516.344 368.326.330.349 Cash generated from operationsPembayaran bunga (215.606.187.060) (130.916.320.077) Interest paidPembayaran pajak penghasilan (124.727.827.126) (77.244.310.015) Income tax paidKas Bersih Diperoleh Dari Aktivitas Operasi 76.515.502.158 160.165.700.257 Net Cash Provided By Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIESPencairan (penempatan) dana pada bank escrow 236.390.838.337 (230.012.191.741) Withdrawal (placement) in bank escrowPenerimaan bunga 84.978.667.291 8.492.627.237 Interest receivedPenempatan investasi jangka pendek (127.480.200.000) (25.894.877.105) Placement in short term investmentsPencairan investasi jangka pendek 470.760.851 623.138.243.084 Proceeds from redemption of short term investmentsPembayaran uang muka investasi (768.654.612.181) - Payment of investment advancePenempatan investasi pada obligasi wajib tukar (49.000.000.000) - Investments in convertible bondsPencairan investasi pada dana kelolaan Proceeds from redemption of units of managed

dan reksadana - 1.376.759.611 funds and mutual fundsPenerimaan dari (pembayaran untuk) akuisisi Receipt due to (payment for) acquisition

anak perusahaan 906.715.036 (254.826.680.000) of subsidiariesPerolehan aktiva tetap dan Acquisition of property and equipment and

aktiva tetap kerja bersama (146.905.695.342) (117.405.835.551) property and equipment under joint operationsHasil pelepasan aktiva tetap 220.285.926 6.450.000.000 Disposal of property and equipmentPembayaran investasi lain - (50.911.247.111) Payment of other investmentsPenambahan aktiva lain dan uang muka (128.228.642.219) (72.145.690.486) Additions to other assets and advancesKas Bersih Digunakan Untuk Aktivitas Investasi (897.301.882.301) (111.738.892.062) Net Cash Used In Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIESPenerimaan bersih pinjaman sementara - 711.771.491.700 Proceeds from bridge facility - netPembayaran pinjaman sementara - (709.800.000.000) Payment of bridge facilityPembayaran hutang bank - (588.713.092.229) Payments of bank loansPenerimaan pinjaman hubungan istimewa - 6.312.546.373 Proceeds from payable to related partiesPembayaran pinjaman hubungan istimewa - (34.326.142.551) Payments of payable to related partiesPembayaran hutang pembelian Payment of liabilities for purchase of

aktiva tetap (6.576.752.277) (4.414.510.967) property and equipmentPembayaran hutang sewa guna usaha (385.384.272) (28.327.736) Payments of lease liabilitiesPenerimaan hutang obligasi - bersih - 1.432.835.581.936 Proceeds from bonds payable - netPembayaran hutang anak perusahaan - (300.000.000.000) Payment of subsidiaries payablePembayaran hutang obligasi (401.390.838.337) (165.000.000.000) Payment of bonds payablePembayaran beban keuangan (2.354.750.000) (18.200.100.000) Payment of financial chargesSetoran modal dari pemegang saham 2.358.303.372.335 76.821.828.974 Capital contribution from stockholderKas Bersih Diperoleh Dari Aktivitas Pendanaan 1.947.595.647.449 407.259.275.500 Net Cash Provided by Financing Activities

KENAIKAN BERSIH KAS DAN SETARA KAS 1.126.809.267.306 455.686.083.695 NET INCREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTSKAS DAN SETARA KAS AWAL TAHUN 508.182.498.827 52.496.415.132 AT BEGINNING OF YEAR

CASH AND CASH EQUIVALENTSKAS DAN SETARA KAS AKHIR TAHUN 1.634.991.766.133 508.182.498.827 AT END OF YEAR

PENGUNGKAPAN TAMBAHAN ADDITIONAL DISCLOSURESAktivitas investasi dan pendanaan yang tidak Non cash investing and

mempengaruhi arus kas: financing activities:Penambahan aktiva tetap melalui: Additions to property and equipment through:

Uang muka pembelian aktiva tetap 17.857.317.596 50.569.079.350 Advance for purchase of property and equipmentHutang pembelian aktiva tetap 855.000.000 9.209.535.993 Liabilities for purchase of property and equipmentHutang pihak hubungan istimewa - 3.106.800.000 Payable to related partiesHutang lain-lain 5.211.964.757 5.886.620.000 Other accounts payable

Pengalihan investasi jangka pendek Transfer of short term investmentmenjadi investasi lain - 103.500.000.000 to other investments

Penambahan uang muka setoran modal melalui Additions to advance for capital stock subscriptionhutang kepada pemegang saham - 33.421.035.026 through payable to stockholder

Penambahan investasi jangka pendek Additions to short-term investmentmelalui uang muka investasi - 105.760.154.209 through application of investment advances

Perolehan anak perusahaan melalui konversi Acquisition of subsidiary throughinvestasi lain 31.500.000.000 - conversion of other investments



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PT.MEDIANUSANTARACITRA TbkDANANAKPERUSAHAANCATATANATASLAPORANKEUANGANKONSOLIDASI31 DESEMBER 2007 DAN 2006 SERTA TAHUN-TAHUN YANGBERAKHIRPADATANGGALTERSEBUT

PT.MEDIANUSANTARACITRA Tbk ANDITSSUBSIDIARIESNOTESTOCONSOLIDATEDFINANCIALSTATEMENTSDECEMBER31,2007AND 2006AND FORTHEYEARS

THEN ENDED

1. UMUM 1. GENERAL

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

PT. Media Nusantara Citra Tbk (Perusahaan)didirikan berdasarkan Akta No. 48 tanggal17 Juni 1997 dari H. Parlindungan L. Tobing,SH, notaris di Jakarta. Akta pendirian inidisahkan oleh Menteri Hukum dan Perundang-undangan Republik Indonesia dalam SuratKeputusan No. C-15092.HT.01.01.TH2000tanggal 25 Juli 2000 dan telah diumumkandalam Berita Negara Republik IndonesiaNo. 23 tanggal 19 Maret 2002 TambahanNo. 2780. Anggaran dasar Perusahaan telahmengalami beberapa kali perubahan, terakhirdengan akta No. 163 tanggal 19 April 2007dari Aulia Taufani, SH, notaris penggantiSutjipto, SH, notaris di Jakarta mengenaiPerubahan status Perusahaan dariPerusahaan tertutup menjadi Perusahaanterbuka dan perubahan nama dari PT. MediaNusantara Citra menjadi PT. Media NusantaraCitra Tbk. Akta ini telah mendapat persetujuanMenteri Hukum dan Hak Asasi ManusiaRepublik Indonesia dalam Surat KeputusanNo. W7-04495.HT.01.04-TH.2007 tanggal20 April 2007.

PT. Media Nusantara Citra Tbk (the Company)was established based on Deed No. 48 datedJune 17, 1997 of H. Parlindungan L. Tobing,SH, notary in Jakarta. The deed ofestablishment was approved by the Minister ofJustice of the Republic of Indonesia in hisdecision letter No. C-15092.HT.01.01.TH2000dated July 25, 2000, and was published inSupplement No. 2780 to the State Gazette ofthe Republic of Indonesia No. 23 datedMarch 19, 2002. The Company’s articles ofassociation have been amended severaltimes, most recently by deed No. 163 datedApril 19, 2007 of Aulia Taufani, SH, substituteof notary Sutjipto, SH, notary in Jakarta inrelation to the change of the Company’s statusfrom private company to public company andthe change in the Company’s name fromPT. Media Nusantara Citra to PT. MediaNusantara Citra Tbk. The deed was approvedby the Minister of Law and Human Rights ofthe Republic of Indonesia in his decision letterNo. W7-04495.HT.01.04-TH.2007 datedApril 20, 2007.

Kantor pusat Perusahaan berlokasi di MenaraKebon Sirih, Jalan Kebon SirihKav. 17-19, Jakarta Pusat 10340. Perusahaanmemulai kegiatan komersial pada Desember2001. Jumlah karyawan Perusahaan padatanggal 31 Desember 2007 dan 2006 adalahmasing-masing sebanyak 162 karyawan dan125 karyawan.

The Company’s head office is located atMenara Kebon Sirih, Jalan Kebon SirihKav. 17-19, Central Jakarta 10340. TheCompany started its commercial operations inDecember 2001. The Company had totalnumber of 162 and 125 employees atDecember 31, 2007 and 2006, respectively.

Sesuai dengan pasal 3 anggaran dasarPerusahaan, ruang lingkup kegiatanPerusahaan adalah berusaha dalam bidangperdagangan umum, pembangunan,perindustrian, pertanian, pengangkutan,percetakan, multimedia melalui perangkatsatelit dan perangkat telekomunikasi lainnya,jasa dan investasi.

In accordance with article 3 of the Company’sarticles of association, the scope of itsactivities is to engage in general trading,construction, industrial, agricultural,transportation, printing, multimedia throughsatellite peripheral and othertelecommunications peripheral, services andinvestments.

Perusahaan tergabung dalam kelompokusaha Mediacom. Susunan pengurusPerusahaan pada tanggal 31 Desember 2007dan 2006 adalah sebagai berikut:

The Company is part of Mediacom Group. AtDecember 31, 2007 and 2006, the Company’smanagement consisted of the following:

Komisaris/Commissioners 2007 2006Komisaris Utama/

President Commissioner Rosano Barack Rosano BarackKomisaris/Commissioners Bambang Rudijanto Tanoesoedibjo Djoko Leksono Sugiarto

Hary Djaja Bambang Rudijanto TanoesoedibjoTito Sulistio Nurhadijono NurjadinIrman Gusman Hary DjajaWidya Purnama Agus Mulyanto

Direksi/DirectorsDirektur Utama/President Director Bambang Hary Iswanto Tanoesoedibjo Bambang Hary Iswanto TanoesoedibjoDirektur/Directors Hidajat Tjandradjaja Hidajat Tjandradjaja

Stephen Kurniawan Sulistyo Stephen Kurniawan SulistyoSutanto Hartono Sutanto HartonoAgus Mulyanto Artine Savitri Utomo

PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAANCATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI31 DESEMBER 2007 DAN 2006 SERTA TAHUN-TAHUN YANGBERAKHIR PADA TANGGAL TERSEBUT- Lanjutan

PT. MEDIA NUSANTARA CITRA Tbk AND ITS SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31,2007 AND 2006 AND FOR THE YEARS

THEN ENDED- Continued

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Jumlah remunerasi (setelah pajak) komisarisdan direksi Perusahaan dan anak perusahaansebesar Rp 17.944.110.000 tahun 2007 danRp 16.928.405.720 tahun 2006.

Total remuneration (after tax) tocommissioners and directors of the Companyand its subsidiaries amounted toRp 17,944,110,000 in 2007 andRp 16,928,405,720 in 2006.

Berdasarkan Keputusan KomisarisPerusahaan tanggal 9 Januari 2008,Komisaris menyetujui pembentukan KomiteAudit sesuai dengan Peraturan BAPEPAM-LKNo. IX.1.5. Adapun susunan Komite AuditPerusahaan adalah sebagai berikut:

Based on the Company’s CommissionersDecision dated January 9, 2008, theCommissioners approved the establisment ofan Audit Committee in accordance withBAPEPAM-LK’s Rule No. IX.I.5. Thecomposition of the Company’s AuditCommittee is as follows:

Ketua : Widya Purnama : ChairmanAnggota : Irman Gusman : Members

Aryanto Agus Mulyo

b. Anak Perusahaan b. Subsidiaries

Perusahaan memiliki, baik langsung maupuntidak langsung, lebih dari 50% saham anakperusahaan berikut:

The Company has ownership interest of morethan 50%, directly or indirectly, in the followingsubsidiaries:

Tahun operasikomersial/

Start ofDomisili/ commercialDomicile operations 2007 2006

2007 2006 Rp Rp

Penyiaran/BroadcastingPT Rajawali Citra Televisi Indonesia (RCTI) Jakarta 100,00% 100,00% 1989 1.710.504 1.615.597PT Global Informasi Bermutu (GIB) Jakarta 100,00% 100,00% 2002 588.494 521.199PT Cipta Televisi Pendidikan Indonesia

(Cipta TPI) Jakarta 75,00% 75,00% 1990 759.733 625.331PT MNC Networks (MNCN) dan

anak perusahaan/and subsidiaries Jakarta 95,00% 95,00% 2005 80.690 81.237PT Radio Trijaya Shakti (RTS)

dan anak perusahaan/and subsidiaries *) Jakarta 95,00% 95,00% 1971 25.152 21.562PT Radio Prapanca

Buana Suara (RPBS) *) Medan 91,60% 80,09% 1978 1.971 1.551PT Radio Mancasuara (RM) *) Bandung 100,00% 96,50% 1971 694 960PT Radio Swara Caraka Ria (RSCR)*) Semarang 100,00% 96,00% 1971 376 397PT Radio Efkindo (RE) *) Yogyakarta 70,00% 59,50% 1999 653 594PT Radio Citra Borneo Madani (RCBM) *) Banjarmasin 100,00% - 2007 - -PT Radio Swara Banjar Lazuardi (RSBL) *) Banjarmasin 100,00% - 2007 - -

PT Radio Cakra Awigra (RCA) *) Surabaya 65,30% 63,34% 1971 2.884 3.022PT Radio Swara Monalisa (RSM) *) Jakarta 80,00% 80,00% 1971 7.263 4.887PT Radio Mediawisata Sariasih (RMS) *) Bandung 100,00% - 2007 - -

Media Nusantara Citra B.V. (MNC B.V.) Belanda/ 100,00% 100,00% 2006 1.348.780 1.552.179Netherlands

MNC International Middle East Limited (MIMEL)dan anak perusahaan/and its subsidiaries Dubai 100,00% - 2007 845.104 -MNC International Limited (MIL) *) Cayman Island 100,00% - 2007 768.738 -MNC Pictures FZ LLC (MP) *) Dubai 100,00% - 2007 643 -

Media Cetak/PrintPT Media Nusantara Informasi (MNI) Jakarta 100,00% 100,00% 2005 155.032 125.078PT MNI Global (MNIG) Jakarta 100,00% 100,00% 2005 9.461 7.442

Agensi periklanan/Advertising agencyPT Cross Media International (CMI)

dan anak perusahaan/and its subsidiaries Jakarta 99,99% - 2001 136.628 -PT Mediate Indonesia (MI) *) Jakarta 99,97% - 2001 76.940 -PT Multi Advertensi Xambani (MAX) *) Jakarta 51,20% - 2002 10.329 -

*) Pemilikan tidak langsung/Indirect ownership.

The subsidiary

kepemilikan/ Total assets before eliminationPercentage of

ownershipAnak perusahaan/

Jumlah aktiva sebelum eliminasiPersentase 31 Desember (dalam jutaan Rupiah)/

December 31, (in million Rupiah)




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Pada bulan Desember 2007, Perusahaanmendirikan dan memiliki 500 saham atau100% saham MNC International Middle EastLtd. yang bergerak dalam bidang investasidan perdagangan.

In December 2007, the Company establishedand owned 500 shares or 100% of the issuedcapital stock of MNC International Middle EastLtd., which is engaged in investment andgeneral trading.

Pada tanggal 1 September 2007, Perusahaanmenukar obligasi wajib tukar sebesarRp 39.375 juta menjadi 3.199.999 saham atau99,99% kepemilikan saham di CMI.

On September 1, 2007, the Companyexchanged all of its investments in MandatoryExchangeable Bonds amounting toRp 39,375 million into 3,199,999 shares or99.99% ownership in CMI.

Pada tanggal 15 Juni 2006, Perusahaanmenerima pengalihan obligasi wajib tukar dariRCTI yang dapat ditukarkan dengan1.285.100.000 saham Seri B dan1.940.344.993 saham Seri C atau kepemilikan75% saham Cipta TPI. Pada tanggal15 Juli 2006, Perusahaan telah menukarkanobligasi wajib tukar tersebut dengan 75%saham Cipta TPI.

On June 15, 2006, the Company received thetransfer of mandatory exchangeable bondfrom RCTI. The bond is exchangeable into1,285,100,000 Series B shares and1,940,344,993 Series C shares or 75% of theissued capital stock of Cipta TPI. On July 15,2006, the Company exchanged the bond into75% of the issued capital stock of Cipta TPI.

Perusahaan membeli 180 saham atau 100%saham MNC B.V. dari Emipa B.V., yangberdomisili di Belanda pada tanggal11 Agustus 2006 dengan biaya perolehansebesar Rp 151.631.148.

The Company acquired from Emipa B.V.180 shares or 100% of the issued capitalstock of MNC B.V., which is domiciled in theNetherlands, on August 11, 2006 withacquisition cost of Rp 151,631,148.

c. Penawaran Umum Saham Perusahaan c. Public Offering of the Company’s Shares

Pada tanggal 13 Juni 2007, Perusahaanmemperoleh pernyataan efektif dari KetuaBAPEPAM-LK dengan Surat KeputusannyaNo. S-2841/BL/2007 untuk melakukanPenawaran Umum kepada masyarakat atas4.125.000.000 saham Perusahaan dengannilai nominal Rp 100 per saham dan hargapenawaran Rp 900 per saham. Saham-sahamtersebut dicatatkan pada Bursa EfekIndonesia (dahulu Bursa Efek Jakarta danSurabaya) pada tanggal 22 Juni 2007.

On June 13, 2007, the Company obtained theeffective notice from the Chairman ofBAPEPAM-LK in his Decision LetterNo. S-2841/BL/2007 for the Initial PublicOffering of 4,125,000,000 shares with parvalue of Rp 100 per share, at an offering priceof Rp 900 per share. These shares were listedon the Indonesia Stock Exchange (formerlyJakarta and Surabaya Stock Exchange) onJune 22, 2007.

Saham Perusahaan sebanyak 4.125.000.000saham pada tanggal 31 Desember 2007 telahdicatatkan pada Bursa Efek Indonesia.

The Company’s shares totalling4,125,000,000 shares as ofDecember 31, 2007 have been listed on theIndonesia Stock Exchange.

d. Penawaran Umum Obligasi AnakPerusahaan

d. Initial Bonds Offering of Subsidiaries

Pada tanggal 13 Oktober 2003, RCTImemperoleh pernyataan efektif dari KetuaBadan Pengawas Pasar Modal (BAPEPAM)dengan Surat KeputusannyaNo. S-2484/PM/2003, untuk melakukanPernyataan Pendaftaran Penawaran UmumObligasi tahun 2003 sebesar Rp 550 miliar.Obligasi tersebut dicatatkan pada Bursa EfekIndonesia.

On October 13, 2003, RCTI obtained theeffective notice from the Chairman of theCapital Market Supervisory Agency(BAPEPAM) in his Decision LetterNo. S-2484/PM/2003 for the Public Offering ofBonds year 2003 of Rp 550 billion. The bondswere listed on the Indonesia Stock Exchange.

Pada tanggal 5 September 2006, MNC B.V.menerbitkan Guaranteed Secured Notessebesar US$ 168 juta dengan tingkat bungatetap 10,75% per tahun, yang dicatatkan diBursa Efek Singapura.

On September 5, 2006, MNC B.V. issuedGuaranteed Secured Notes amounting toUS$ 168 million with fixed interest rate of10.75% per annum, which are listed on theSingapore Stock Exchange.




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2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING

a. Penyajian Laporan Keuangan Konsolidasi

2. SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES

a. Consolidated Financial StatementPresentation

Laporan keuangan konsolidasi disusundengan menggunakan prinsip dan praktekakuntansi yang berlaku umum di Indonesiayaitu Standar Akuntansi Keuangan danPeraturan Badan Pengawas Pasar Modal(Bapepam) No. VIII.G.7 tanggal 13 Maret2000.

The consolidated financial statements havebeen prepared using accounting principlesand reporting practices generally accepted inIndonesia namely the Statements of FinancialAccounting Standards and Bapepam’s RuleNo. VIII.G.7 dated March 13, 2000, and arenot intended to present the financial position,results of operations, and cash flows inaccordance with accounting principles andreporting practices generally accepted in othercountries and jurisdictions.

Dasar penyusunan laporan keuangankonsolidasi, kecuali untuk laporan arus kaskonsolidasi, adalah dasar akrual. Mata uangpelaporan yang digunakan untuk penyusunanlaporan keuangan konsolidasi adalah matauang Rupiah (Rp), dan laporan keuangankonsolidasi tersebut disusun berdasarkan nilaihistoris, kecuali beberapa akun tertentudisusun berdasarkan pengukuran lainsebagaimana diuraikan dalam kebijakanakuntansi masing-masing akun tersebut.

The consolidated financial statements, exceptfor the consolidated statements of cash flows,are prepared under the accrual basis ofaccounting. The reporting currency used in thepreparation of the consolidated financialstatements is the Indonesian Rupiah (Rp),while the measurement basis is the historicalcost, except for certain accounts which aremeasured on the bases described in therelated accounting policies.

Laporan arus kas konsolidasi disusun denganmenggunakan metode langsung denganmengelompokkan arus kas dalam aktivitasoperasi, investasi dan pendanaan.

The consolidated statements of cash flows areprepared using the direct method withclassifications of cash flows into operating,investing and financing activities

b. Prinsip Konsolidasi b. Principles of Consolidation

Laporan keuangan konsolidasimenggabungkan laporan keuanganPerusahaan dan entitas yang dikendalikanoleh Perusahaan. Pengendalian dianggap adaapabila Perusahaan mempunyai hak untukmengatur dan menentukan kebijakan finansialdan operasional dari investee untukmemperoleh manfaat dari aktivitasnya.Pengendalian juga dianggap ada apabilainduk perusahaan memiliki baik secaralangsung atau tidak langsung melalui anakperusahaan lebih dari 50% hak suara.

The consolidated financial statementsincorporate the financial statements of theCompany and entities controlled by theCompany. Control is achieved where theCompany has the power to govern thefinancial and operating policies of the investeeentity so as to obtain benefits from itsactivities. Control is presumed to exist whenthe Company owns directly or indirectlythrough subsidiaries, more than 50% of thevoting rights.

Pada saat akuisisi, aktiva dan kewajiban anakperusahaan diukur sebesar nilai wajarnyapada tanggal akuisisi. Selisih lebih antarabiaya perolehan dan bagian Perusahaan atasnilai wajar aktiva dan kewajiban yang dapatdiidentifikasi diakui sebagai goodwill.

On acquisition, the assets and liabilities of thesubsidiary are measured at their fair values atthe date of acquisition. Any excess of the costof acquisition over the fair values of theidentifiable net assets acquired is recognizedas goodwill.

Hak pemegang saham minoritas dinyatakansebesar bagian minoritas dari biaya perolehanhistoris aktiva bersih. Hak minoritas akandisesuaikan untuk bagian minoritas dariperubahan ekuitas. Kerugian yang menjadibagian minoritas melebihi hak minoritasdialokasikan kepada bagian indukperusahaan.

The interest of the minority shareholders isstated at the minority’s proportion of thehistorical cost of the net assets. The minorityinterest is subsequently adjusted for theminority's share of movements in equity. Anylosses applicable to the minority interest inexcess of the minority interest are allocatedagainst the interests of the parent.




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Hasil akuisisi atau penjualan anak perusahaanselama tahun berjalan dari tanggal efektifakuisisi atau sampai dengan tanggal efektifpenjualan termasuk dalam laporan laba rugikonsolidasi.

The results of subsidiaries acquired ordisposed of during the year are included in theconsolidated statement of income from theeffective date of acquisition or up to theeffective date of disposal, as appropriate.

Penyesuaian dapat dilakukan terhadaplaporan keuangan anak perusahaan agarkebijakan akuntansi yang digunakan sesuaidengan kebijakan akuntansi yang digunakanoleh Perusahaan

When necessary, adjustments are made tothe financial statements of the subsidiaries tobring the accounting policies used in line withthose used by the Company.

Seluruh transaksi antar perusahaan, saldo,penghasilan dan beban dieliminasi pada saatkonsolidasi.

All intra-group transactions, balances, incomeand expenses are eliminated on consolidation.

c. Transaksi dan Penjabaran LaporanKeuangan Dalam Mata Uang Asing

c. Foreign Currency Transactions andTranslation

Pembukuan Perusahaan dan anakperusahaan, kecuali anak perusahaan di luarnegeri, diselenggarakan dalam mata uangRupiah. Transaksi-transaksi selama tahunberjalan dalam mata uang asing dicatatdengan kurs yang berlaku pada saatterjadinya transaksi. Pada tanggal neraca,aktiva dan kewajiban moneter dalam matauang asing disesuaikan untuk mencerminkankurs yang berlaku pada tanggal tersebut.Keuntungan atau kerugian kurs yang timbuldikreditkan atau dibebankan pada laporanlaba rugi konsolidasi tahun yangbersangkutan. Pembukuan anak perusahaandi luar negeri yang kegiatan usahanyamerupakan bagian integral dari kegiatanusaha Perusahaan dijabarkan ke dalam matauang Rupiah dengan menggunakan proseduryang sama.

The books of accounts of the Company and itssubsidiaries, except foreign subsidiaries, aremaintained in Indonesian Rupiah.Transactions during the year involving foreigncurrencies are recorded at the rates ofexchange prevailing at the time thetransactions are made. At balance sheet date,monetary assets and liabilities denominated inforeign currencies are adjusted to reflect therates of exchange prevailing at that date. Theresulting gains or losses are credited orcharged to current operations. The books ofaccounts of a foreign subsidiary which is anintegral part of the Company’s operations aretranslated to Indonesian Rupiah using thesame procedures.

Untuk tujuan konsolidasi, aktiva dan kewajibananak perusahaan yang laporannya disajikandalam mata uang asing dijabarkan ke dalamRupiah dengan kurs yang berlaku padatanggal neraca, sedangkan pendapatan,beban serta arus kas dijabarkan dengan kursrata-rata. Selisih kurs yang terjadi disajikansebagai bagian dari ekuitas pada akun “Selisihkurs penjabaran laporan keuangan”.

For consolidation purposes, assets andliabilities of the subsidiary whose financialstatements are presented in foreign currenciesare translated into Rupiah using the exchangerates at balance sheet date, while revenues,expenses and cash flows are translated at theaverage rates of exchange for the year. Thedifferences resulting from translationadjustments are shown as part of equity underthe account “Translation adjustments”.

d. Transaksi Hubungan Istimewa d. Transactions with Related Parties

Pihak-pihak yang mempunyai hubunganistimewa adalah:

Related parties consist of the following:

1) perusahaan baik langsung maupun melaluisatu atau lebih perantara, mengendalikan,atau dikendalikan oleh, atau berada dibawah pengendalian bersama, denganPerusahaan (termasuk holding companies,subsidiaries dan fellow subsidiaries);

1) companies that directly, or indirectlythrough one or more intermediaries,control, or are controlled by, or are undercommon control with, the Company(including holding companies, subsidiariesand fellow subsidiaries);

2) perusahaan asosiasi; 2) associated companies;




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3) perorangan yang memiliki, baik secaralangsung maupun tidak langsung, suatukepentingan hak suara di Perusahaanyang berpengaruh secara signifikan, dananggota keluarga dekat dari perorangantersebut (yang dimaksudkan dengananggota keluarga dekat adalah merekayang dapat diharapkan mempengaruhiatau dipengaruhi perorangan tersebutdalam transaksinya dengan Perusahaan);

3) individuals owning, directly or indirectly, aninterest in the voting power of theCompany that gives them significantinfluence over the Company, and closemembers of the family of any suchindividuals (close members of the familyare those who can influence or can beinfluenced by such individuals in theirtransactions with the Company);

4) karyawan kunci, yaitu orang-orang yangmempunyai wewenang dan tanggungjawab untuk merencanakan, memimpindan mengendalikan kegiatan Perusahaan,yang meliputi anggota dewan komisaris,direksi dan manajer dari Perusahaan sertaanggota keluarga dekat orang-orangtersebut; dan

4) key management personnel who have theauthority and responsibility for planning,directing and controlling the Company’sactivities, including commissioners,directors and managers of the Companyand close members of their families; and

5) perusahaan di mana suatu kepentingansubstansial dalam hak suara dimiliki baiksecara langsung maupun tidak langsungoleh setiap orang yang diuraikan dalambutir (3) atau (4), atau setiap orangtersebut mempunyai pengaruh signifikanatas perusahaan tersebut. Ini mencakupperusahaan yang dimiliki komisaris, direksiatau pemegang saham utama Perusahaandan perusahaan yang mempunyai anggotamanajemen kunci yang sama denganPerusahaan.

5) companies in which a substantial interestin the voting power is owned, directly orindirectly, by any person described in (3)or (4) or over which such a person is ableto exercise significant influence. Thisincludes companies owned bycommissioners, directors or majorstockholders of the Company andcompanies which have a common keymember of management as the Company.

Semua transaksi dengan pihak hubunganistimewa, baik yang dilakukan dengan atautidak dengan persyaratan dan kondisi yangsama sebagaimana dilakukan dengan pihakketiga, diungkapkan dalam laporan keuangan.

All transactions with related parties, whetheror not made at similar terms and conditions asthose done with third parties, are disclosed inthe financial statements.

e. Penggunaan Estimasi e. Use of Estimates

Penyusunan laporan keuangan konsolidasisesuai dengan prinsip akuntansi yang berlakuumum di Indonesia mengharuskanmanajemen membuat estimasi dan asumsiyang mempengaruhi jumlah aktiva dankewajiban yang dilaporkan dan pengungkapanaktiva dan kewajiban kontinjensi pada tanggallaporan keuangan serta jumlah pendapatandan beban selama periode pelaporan.Realisasi dapat berbeda dari jumlah yangdiestimasi.

The preparation of consolidated financialstatements in conformity with accountingprinciples generally accepted in Indonesiarequires management to make estimates andassumptions that affect the reported amountsof assets and liabilities and disclosure ofcontingent assets and liabilities at the date ofthe consolidated financial statements and thereported amounts of revenues and expensesduring the reporting period. Actual resultscould differ from those estimates.

f. Kas dan Setara Kas f. Cash and Cash Equivalents

Kas dan setara kas terdiri dari kas, bank dansemua investasi yang jatuh tempo dalamwaktu tiga bulan atau kurang dari tanggalperolehannya dan tidak dijaminkan serta tidakdibatasi penggunaannya.

Cash and cash equivalents consist of cash onhand and in banks and all unrestrictedinvestments with maturities of three months orless from the date of placement.




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g. Investasi g. Investments

Investasi dalam Fund dan Reksa Dana

Investasi dalam fund dan reksa danadinyatakan sebesar nilai wajarnyaberdasarkan nilai aktiva bersih. Kenaikan(penurunan) nilai aktiva bersih disajikan dalamlaporan laba rugi tahun berjalan.

Investments in Funds and Mutual Funds

Investments in funds and mutual funds arestated at fair value based on the net assetvalue of the funds. Increase (decrease) in netasset value is reflected in the consolidatedstatements of income.

Investasi pada Perusahaan Asosiasi

Perusahaan asosiasi adalah suatuperusahaan dimana induk perusahaanmempunyai pengaruh signifikan, namun tidakmempunyai pengendalian atau pengendalianbersama, melalui partisipasi dalampengambilan keputusan atas kebijakanfinansial dan operasional investee.

Investments in Associates

An associate is an entity over which theCompany is in a position to exercisesignificant influence, but not control or jointcontrol, through participation in the financialand operating policy decisions of the investee.

Penghasilan, aktiva dan kewajiban dariperusahaan asosiasi digabungkan dalamlaporan keuangan konsolidasi dicatat denganmenggunakan metode ekuitas. Investasi padaperusahaan asosiasi dicatat di neraca sebesarbiaya perolehan dan selanjutnya disesuaikanuntuk perubahan dalam bagian Perusahaanatas aktiva bersih perusahaan asosiasi yangterjadi setelah perolehan, dikurangi denganpenurunan nilai yang ditentukan untuk setiapinvestasi secara individu. Bagian Perusahaanatas kerugian perusahaan asosiasi yangmelebihi nilai tercatat dari investasi tidakdiakui kecuali jika Perusahaan mempunyaikewajiban atau membayar kewajibanperusahaan asosiasi yang dijamin, dalam haldemikian, tambahan kerugian diakui sebesarkewajiban atau pembayaran tersebut.

The results, assets and liabilities of associateare incorporated in the consolidated financialstatements using the equity method ofaccounting. Investment in associate is carriedin the balance sheet at cost as adjusted bypost-acquisition changes in the Company’sshare of the net assets of the associate, lessany impairment in the value of the individualinvestment. Loss of the associate in excess ofthe Company’s interest in the associate is notrecognized except if the Company hasincurred obligations or made payments onbehalf of the associate to satisfy obligations ofthe associate that the Company hasguaranteed, in which case, additional loss isrecognized to the extent of such obligations orpayments.

Goodwill dari investasi pada perusahaanasosiasi termasuk dalam nilai tercatat dariinvestasi diukur dan diamortisasi dengan carayang sama dengan akuisisi dari entitas yangdikendalikan (Catatan 2m). Amortisasigoodwill termasuk dalam bagian perusahaanatas laba (rugi) perusahaan asosiasi.

Goodwill from investments in associates isincluded within the carrying amount ofinvestment, and is measured and amortized inthe same manner as that for acquisition ofcontrolled entities (Note 2m). The amortizationof goodwill is included in the Company’s sharein the income (loss) of an associate.

Investasi pada Obligasi Konversi danObligasi Wajib Tukar

Investment in Convertible Bond andMandatory Exchangeable Bond

Investasi pada obligasi konversi dan obligasiwajib tukar dinyatakan sebesar biayaperolehan, disesuaikan dengan premi ataudiskonto yang belum diamortisasi.

Investments in convertible bond andmandatory exchangeable bond is stated atcost, adjusted for the unamortized premium ordiscount.

h. Piutang h. Receivables

Piutang dinyatakan sebesar jumlah nominalsetelah dikurangi dengan penyisihan piutangragu-ragu. Penyisihan piutang ragu-ragudiestimasi berdasarkan penelaahan terhadapmasing-masing akun piutang pada akhirperiode.

Receivables are stated at their nominal value,net of allowance for doubtful accounts.Allowance for doubtful accounts is estimatedbased on review of the individual receivableaccounts at the end of the period.




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i. Persediaan i. Inventories

Seluruh persediaan dinyatakan berdasarkanbiaya perolehan atau nilai realisasi bersih,mana yang lebih rendah. Biaya perolehanditentukan dengan metode identifikasi khusus.

All inventories are stated at cost or netrealizable value, whichever is lower. Cost isdetermined using the specific identificationmethod.

Biaya perolehan persediaan program film yangdibeli diamortisasi sebanyak-banyaknya 2 kalitayang, masing-masing sebesar 50% - 70%pada penayangan pertama dan 50% - 30%pada penayangan kedua. Persediaan programnon film dan non sinetron dibebankanseluruhnya pada penayangan pertama.Persediaan program yang telah habis masaberlakunya tetapi belum ditayangkan sertapersediaan program tidak layak tayangdihapuskan dan dibebankan pada laporanlaba rugi tahun bersangkutan.

Cost of purchased film program is amortizedin maximum of two telecasts, at 50% - 70% forthe first telecast and 50% - 30% for thesecond telecast. Non-film inventory programsand non-sinetron inventory programs arecharged to expense at the first telecast.Expired program inventories that have notbeen aired and unsuitable program inventoriesare written-off and charged to currentoperations.

j. Biaya Dibayar Dimuka j. Prepaid Expenses

Biaya dibayar dimuka diamortisasi selamamanfaat masing-masing biaya denganmenggunakan metode garis lurus.

Prepaid expenses are amortized over theirbeneficial periods using the straight-linemethod.

k. Aktiva Tetap – Pemilikan Langsung k. Property and Equipment – DirectAcquisitions

Aktiva tetap dinyatakan berdasarkan biayaperolehan setelah dikurangi akumulasipenyusutan.

Aktiva tetap, kecuali tanah, disusutkan denganmenggunakan metode garis lurus berdasarkantaksiran masa manfaat ekonomis aktiva tetapsebagai berikut:

Direct acquisitions of property and equipmentare stated at cost, less accumulateddepreciation.

Property and equipment, except land, aredepreciated using the straight-line methodbased on the estimated useful lives of theassets as follows:

Tahun

Bangunan 20 BuildingsPerlengkapan bangunan 10 Building equipmentPeralatan studio 8 – 10 Studio equipmentPerlengkapan kantor 4 - 8 Office equipmentKendaraan bermotor 4 - 8 Motor vehiclesPartisi 8 PartitionsRadio transmitter 5 Radio transmitterPeralatan lain-lain 5 Other equipmentRenovasi kantor 4 Office renovationInstalasi kantor 4 Office installationPeralatan komputer 4 Computer equipment

Tanah dinyatakan berdasarkan biayaperolehan dan tidak disusutkan.

Land is stated at cost and is not depreciated.

Bila nilai tercatat suatu aktiva melebihitaksiran jumlah yang dapat diperoleh kembalimaka nilai tersebut diturunkan ke jumlah yangdapat diperoleh kembali tersebut, yangditentukan sebagai nilai tertinggi antara hargajual bersih dan nilai pakai.

When the carrying amount of an assetexceeds its estimated recoverable amount,the carrying amount is written down to itsestimated recoverable amount, which isdetermined as the higher of net selling price orvalue in use.




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Beban pemeliharaan dan perbaikandibebankan pada laporan laba rugi konsolidasipada saat terjadinya; pengeluaran yangmemperpanjang masa manfaat atau memberimanfaat ekonomis di masa yang akan datangdalam bentuk peningkatan kapasitas, mutuproduksi atau peningkatan standar kinerjadikapitalisasi. Aktiva tetap yang sudah tidakdigunakan lagi atau yang dijual dikeluarkandari kelompok aktiva tetap berikut akumulasipenyusutannya. Keuntungan atau kerugiandari penjualan aktiva tetap tersebut dibukukandalam laporan laba rugi konsolidasi padatahun yang bersangkutan.

The cost of maintenance and repairs ischarged to operations as incurred;expenditures which extend the useful life ofthe asset or result in increased futureeconomic benefits such as increase incapacity and improvement in the quality ofoutput or standard of performance arecapitalized. When assets are retired orotherwise disposed of, their carrying valuesand the related accumulated depreciation areremoved from the accounts and any resultinggain or loss is reflected in the currentoperations.

Aktiva dalam penyelesaian dinyatakansebesar biaya perolehan. Akumulasi biayaperolehan akan dipindahkan ke masing-masing aktiva tetap yang bersangkutan padasaat selesai dan siap digunakan.

Construction in progress is stated at cost.Construction in progress is transferred to therespective property and equipment accountwhen completed and ready for use.

l. Aktiva Tetap Kerjasama l. Property and Equipment Under JointOperations

Aktiva tetap kerjasama merupakan aktivatetap yang dimiliki secara bersama antaraRCTI, PT. Surya Citra Televisi (SCTV) danPT. Indosiar Visual Mandiri (INDOSIAR).

Aktiva tetap kerjasama yang merupakan hakRCTI dinyatakan berdasarkan biaya perolehandikurangi akumulasi penyusutan. Aktiva tetapkerjasama disusutkan dengan metode danberdasarkan taksiran masa manfaat ekonomisyang sama dengan aktiva tetap – pemilikanlangsung (Catatan 2k).

Property and equipment under joint operationsrepresent assets owned jointly by RCTI,PT. Surya Citra Televisi (SCTV) andPT. Indosiar Visual Mandiri (INDOSIAR).

RCTI’s share in property and equipment underjoint operations are stated at cost lessaccumulated depreciation. Depreciation iscomputed based on the same method andestimated useful lives used for directlyacquired property and equipment (Note 2k).

m. Goodwill m. Goodwill

Goodwill positif merupakan selisih lebih antarabiaya perolehan dan bagian Perusahaan atasnilai wajar aktiva dan kewajiban yang dapatdiidentifikasi anak perusahaan. Goodwill diakuisebagai aktiva dan diamortisasi secara garislurus berkisar selama 5 sampai 20 tahun.Manajemen menentukan estimasi masamanfaat goodwill berdasarkan evaluasi padasaat akuisisi dengan mempertimbangkanpangsa (segmen) pasar yang ada, tingkatpertumbuhan potensial, perijinan dan faktorlain yang terdapat pada perusahaan yangdiakuisisi.

Positive goodwill represents the excess of thecost of acquisition over the Company’sinterest in the fair value of the identifiableassets and liabilities of subsidiaries. Goodwillis recognized as an asset and amortized onstraight-line method ranging from 5 to 20years. Management estimate of the useful lifeof goodwill was based on its evaluation at thetime of the acquisition considering factorssuch as existing market share (segment),potential growth, license and other factorsinherent in the acquired companies.

Perusahaan menelaah nilai tercatat goodwillpada saat terdapat peristiwa atau keadaanyang menunjukkan penurunan nilai goodwill.Kerugian penurunan nilai diakui sebagaibeban tahun berjalan.

The Company reviews the carrying amount ofgoodwill whenever events or circumstancesindicate that its value is impaired. Impairmentloss is charged to current operations.




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n. Sewa Guna Usaha n. Leases

Transaksi sewa guna usaha dikelompokkansebagai capital lease apabila memenuhiseluruh kriteria sebagai berikut:

Lease transactions are recorded as capitalleases when all of the following criteria aremet:

1) Penyewa guna usaha memiliki hak opsiuntuk membeli aktiva yang disewa gunausaha pada akhir masa sewa guna usahadengan harga yang telah disetujuibersama pada saat dimulainya perjanjiansewa guna usaha.

1) The lessee has the option to purchasethe leased asset at the end of the leaseterm at a price mutually agreed upon atthe inception of the lease agreement.

2) Seluruh pembiayaan berkala yangdilakukan oleh penyewa guna usahaditambah dengan nilai sisa dapatmenutup pengembalian biaya perolehanbarang modal yang disewa guna usahabeserta bunganya sebagai keuntunganperusahaan sewa guna usaha.

2) All periodic lease payments made by thelessee plus residual value shallrepresent a return of the cost of leasedassets and interest thereon as the profitof the lessor.

3) Masa sewa guna usaha minimum duatahun.

3) Minimum lease period is two years.

Transaksi sewa guna usaha yang tidakmemenuhi kriteria tersebut di atasdikelompokkan sebagai transaksi sewamenyewa biasa.

Lease transactions that do not meet the abovecriteria are recorded as operating leases.

Aktiva dan kewajiban sewa guna usaha dicatatsebesar nilai tunai dari seluruh pembayaransewa guna usaha dan nilai sisa (harga opsi).Aktiva sewa guna usaha disusutkan denganmetode dan berdasarkan taksiran masamanfaat ekonomis yang sama dengan aktivatetap – pemilikan langsung (Catatan 2k).

Leased assets and leased liabilities under thecapital lease method are recorded at thepresent value of the total installments andresidual value (option price). Capital leaseassets are depreciated using the samemethod and estimated useful lives used fordirectly acquired property and equipment(Note 2k).

o. Biaya Emisi Hutang

Biaya emisi hutang yang timbul sehubungandengan penerbitan obligasi/hutangdikurangkan dari hasil penerbitanobligasi/hutang tersebut. Selisih antara hasilemisi bersih dengan nilai nominal diamortisasidan dibebankan pada laporan laba rugikonsolidasi dengan metode garis lurus selamajangka waktu obligasi/hutang.

o. Debt Issuance Costs

Debt issuance costs are deducted directlyfrom the proceeds of the related bonds/debt todetermine the net proceeds. The differencebetween the net proceeds and nominal valueis amortized and charged to consolidatedstatement of income using the straight-linemethod over the term of the bonds/debt.

p. Biaya Emisi Saham p. Share Issuance Costs

Biaya emisi saham dikurangkan daritambahan modal disetor dan tidakdiamortisasi.

Share issuance costs are deducted from theadditional paid-up capital and are notamortized.




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q. Pengakuan Pendapatan dan Beban q. Revenue and Expense Recognition

Pendapatan iklan diakui pada saat iklanditayangkan. Pendapatan iklan dengantransaksi barter diakui sebesar nilai wajar ataunilai pasar barang yang diterima dan diakuipada saat iklan ditayangkan. Penjualanprogram diakui pada saat program diserahkandan hak telah beralih kepada pelanggan.Pendapatan manajemen artis, penggunaanstudio dan jasa layanan pesan singkat diakuipada saat jasa diberikan kepada pelanggan.Uang muka diterima atas iklan danpenggunaan studio dicatat sebagaipendapatan diterima dimuka. Pendapatan daripenjualan koran diakui pada saat korandikirim.

Revenue from advertisement is recognizedwhen the advertisement is aired. Revenuefrom advertisement with barter transaction isrecognized at fair value or market value of thegoods received when the advertisement isaired. Sale of program is recognized when theprogram is delivered and title has passed tothe customer. Revenue from artists’management, studio and short-messagingservices is recognized when the services havebeen rendered. Advance received fromadvertisement and studio rental is recorded asunearned revenue. Revenue from sale of dailynewspapers is recognized when dailynewspapers are delivered.

Beban program diakui pada saat film atauprogram ditayangkan (Catatan 2i). Beban filmatau program belum ditayangkan dicatatsebagai persediaan. Beban lainnya diakuisesuai manfaatnya pada tahun bersangkutan.

Program expense is recognized when themovie or program is aired (Note 2i). Programsnot yet aired is recorded as program inventory.Other expenses are recognized when incurred(accrual basis).

r. Imbalan Pasca Kerja r. Post-employment Benefits

Perusahaan dan anak perusahaan, kecualiRCTI dan anak perusahaan asing,memberikan imbalan pasca kerja kepadakaryawannya sesuai dengan Undang-UndangKetenagakerjaan. Tidak terdapat pendanaanyang disisihkan sehubungan dengan imbalanpasca kerja ini.

The Company and its subsidiaries, exceptRCTI and foreign subsidiaries, provide definedpost-employment benefits to their employeesin accordance with Labor Law. No funding hasbeen made to this defined benefit plan.

RCTI menyelenggarakan program pensiunmanfaat pasti untuk semua karyawantetapnya, dan memberikan imbalan pascakerja lain sesuai dengan kebijakan RCTI.Dana pensiun tersebut dikelola oleh DanaPensiun Bimantara (DANAPERA).Kekurangan antara imbalan pasca kerjaberdasarkan program pensiun dengan imbalanpensiun normal berdasarkan kebijakan RCTIdiakui sebagai kewajiban imbalan pasca kerjamanfaat pasti tanpa pendanaan.

RCTI has a defined benefit pension plancovering all its permanent employees, andalso provides other post-employment benefitsin accordance with its policy. The pension planis managed by Dana Pensiun Bimantara(DANAPERA). The shortage of benefitsprovided by the pension plan against thebenefits based on RCTI’s policy is accountedfor as unfunded defined post-employmentbenefits plan.

Perhitungan imbalan pasca kerjamenggunakan metode Projected Unit Credit.Akumulasi keuntungan dan kerugian aktuarialbersih yang belum diakui yang melebihi 10%dari nilai kini kewajiban imbalan pasti dan 10%nilai wajar aktiva program diakui denganmetode garis lurus selama rata-rata sisa masakerja yang diperkirakan dari para pekerjadalam program tersebut. Biaya jasa laludibebankan langsung apabila imbalan tersebutmenjadi hak atau vested, dan sebaliknya akandiakui sebagai beban dengan metode garislurus selama periode rata-rata sampai imbalantersebut menjadi vested.

The cost of providing post-employmentbenefits is determined using the ProjectedUnit Credit method. The accumulatedunrecognized actuarial gains and losses thatexceed 10% of the greater of the presentvalue of the defined benefit obligations andthe fair value of plan assets are recognized onstraight-line basis over the expected averageremaining working lives of the participatingemployees. Past service cost is recognizedimmediately to the extent that the benefits arealready vested, and otherwise is amortized ona straight-line basis over the average perioduntil the benefits become vested.




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Jumlah kewajiban imbalan pasca kerja yangdiakui di neraca merupakan nilai kinikewajiban imbalan pasti disesuaikan dengankeuntungan dan kerugian aktuarial yangbelum diakui, biaya jasa lalu yang belumdiakui dan nilai wajar aktiva program. Setiapaktiva yang timbul dari perhitungan ini terbataspada kerugian aktuarial yang tidak diakui danbiaya jasa lalu ditambah dengan nilai kinipengembalian yang ada dan pengurangan dimasa depan atas iuran program.

The post-employment benefit obligationrecognized in the balance sheet representsthe present value of the defined benefitobligation, as adjusted for unrecognizedactuarial gains and losses and unrecognizedpast service cost, and as reduced by the fairvalue of plan assets. Any asset resulting fromthis calculation is limited to the unrecognizedactuarial losses and past service cost plus thepresent value of available refunds andreductions in future contributions to the plan.

s. Pajak Penghasilan s. Income Tax

Beban pajak kini ditentukan berdasarkan labakena pajak dalam periode yang bersangkutandihitung berdasarkan tarif pajak yang berlaku.

Current tax expense is determined based onthe taxable income for the year computedusing prevailing tax rates.

Aktiva dan kewajiban pajak tangguhan diakuiatas konsekuensi pajak periode mendatangyang timbul dari perbedaan jumlah tercatataktiva dan kewajiban menurut laporankeuangan dengan dasar pengenaan pajakaktiva dan kewajiban. Kewajiban pajaktangguhan diakui untuk semua perbedaantemporer kena pajak dan aktiva pajaktangguhan diakui untuk perbedaan temporerdan rugi fiskal yang boleh dikurangkan,sepanjang besar kemungkinan dapatdimanfaatkan untuk mengurangi laba kenapajak pada masa datang.

Deferred tax assets and liabilities arerecognized for the future tax consequencesattributable to differences between thefinancial statement carrying amounts of assetsand liabilities and their respective tax bases.Deferred tax liabilities are recognized for alltaxable temporary differences and deferredtax assets are recognized for deductibletemporary differences and fiscal losses to theextent that it is probable that taxable incomewill be available in future periods againstwhich the deductible temporary differencesand fiscal losses can be utilized.

Pajak tangguhan diukur dengan menggunakantarif pajak yang berlaku atau secarasubstansial telah berlaku pada tanggal neraca.Pajak tangguhan dibebankan atau dikreditkandalam laporan laba rugi konsolidasi, kecualipajak tangguhan yang dibebankan ataudikreditkan langsung ke ekuitas.

Deferred tax is calculated at the tax rates thathave been enacted or substantively enactedby the balance sheet date. Deferred tax ischarged or credited in the consolidatedstatement of income, except when it relates toitems charged or credited directly to equity, inwhich case the deferred tax is also charged orcredited directly to equity.

Aktiva dan kewajiban pajak tangguhandisajikan di neraca, kecuali aktiva dankewajiban pajak tangguhan untuk entitas yangberbeda, atas dasar kompensasi sesuaidengan penyajian aktiva dan kewajiban pajakkini.

Deferred tax assets and liabilities are offset inthe balance sheet, except when deferred taxassets and liabilities are for different entities,in the same manner the current tax assets andliabilities are presented.

t. Laba Per Saham t. Earnings per Share

Laba per saham dasar dihitung denganmembagi laba bersih dengan jumlah rata-ratatertimbang saham yang beredar pada tahunyang bersangkutan.

Basic earnings per share is computed bydividing net income by the weighted averagenumber of shares outstanding during theperiod.

u. Instrumen Keuangan Derivatif u. Derivative Financial Instruments

Instrumen keuangan derivatif dinilaiberdasarkan nilai wajar pada saat tanggalkontrak dibuat dan selanjutnya dinilai kembaliberdasarkan nilai wajar pada tanggal laporankeuangan.

Derivative financial instruments are initiallymeasured at fair value on the contract date,and are remeasured to fair value atsubsequent reporting dates.




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Instrumen keuangan derivatif ini digunakanuntuk mengelola resiko yang berkaitan eratdengan fluktuasi mata uang asing. Namundemikian, akuntansi lindung nilai tidakditerapkan karena identifikasi lindung nilai dandokumentasi yang diperlukan sesuai denganstandar akuntansi belum dipenuhi. Olehkarena itu, keuntungan atau kerugian dariinstrumen derivatif tersebut diakui padalaporan laba rugi.

These derivative financial instruments areused to manage exposure to foreign currencyfluctuation. However, hedge accounting is notapplied as the hedging designation anddocumentation required by accountingstandard have not been met. Accordingly,gains or losses on derivative financialinstruments are recognized in earnings.

Perusahaan dan anak perusahaan tidakmenggunakan instrumen keuangan derivatifuntuk tujuan spekulasi.

The Company and its subsidiaries do not usederivative financial instruments for speculativepurposes.

Derivatif yang melekat pada instrumenkeuangan lainnya atau kontrak utama non-finansial lainnya diperlakukan sebagai derivatifyang terpisah bila resiko dan karakteristiknyatidak secara jelas dan erat berhubungandengan resiko dan karakteristik kontrak utamadan kontrak utama tersebut tidak dinyatakandengan nilai wajar dan keuntungan ataukerugian yang belum direalisasi diakui padalaporan laba rugi konsolidasi.

Derivatives embedded in other financialinstruments or other non-financial hostcontract are treated as separate derivativewhen their risks and characteristics are notclosely related to the host contract and thehost contract is not carried at fair value withunrealized gains or losses recognized in theconsolidated statement of income.

v. Informasi Segmen v. Segment Information

Informasi segmen disusun sesuai dengankebijakan akuntansi yang dianut dalampenyusunan dan penyajian laporan keuangankonsolidasi. Bentuk primer pelaporan segmenadalah segmen usaha sedangkan segmensekunder adalah segmen geografis.

Segment information is prepared using theaccounting principles adopted for preparingand presenting the consolidated financialstatements. The primary format in reportingsegment information is based on businesssegment, while the secondary reportingsegment information is based on geographicalsegment.

Segmen usaha adalah komponen perusahaanyang dapat dibedakan dalam menghasilkanproduk atau jasa (baik produk atau jasaindividual maupun kelompok produk atau jasaterkait) dan komponen itu memiliki risiko danimbalan yang berbeda dengan risiko danimbalan segmen lain.

A business segment is a distinguishablecomponent of an enterprise that is engaged inproviding an individual product or service or agroup of related products or services and thatis subject to risks and returns that are differentfrom those of other business segments.

Segmen geografis adalah komponenperusahaan yang dapat dibedakan dalammenghasilkan produk atau jasa padalingkungan (wilayah) ekonomi tertentu dankomponen itu memiliki risiko dan imbalan yangberbeda dengan risiko dan imbalan padakomponen yang beroperasi pada lingkungan(wilayah) ekonomi lain.

A geographical segment is a distinguishablecomponent of an enterprise that is engaged inproviding products or services within aparticular economic environment and that issubject to risks and returns that are differentfrom those of components operating in othereconomic environments.

Aktiva dan kewajiban yang digunakanbersama dalam satu segmen atau lebihdialokasikan kepada setiap segmen jika, danhanya jika, pendapatan dan beban yangterkait dengan aktiva tersebut jugadialokasikan kepada segmen-segmentersebut.

Assets and liabilities that relate jointly to twoor more segments are allocated to theirrespective segments, if and only if, theirrelated revenues and expenses are alsoallocated to those segments.




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3. KAS DAN SETARA KAS 3. CASH AND CASH EQUIVALENTS

2007 2006Rp Rp

Kas 5.027.568.255 2.592.674.808 Cash on handBank Cash in banks

Rupiah RupiahBank Central Asia 80.034.946.526 29.869.606.162 Bank Central AsiaBank Mandiri 68.491.214.282 23.923.256.711 Bank MandiriBank Permata 17.040.680.402 815.297.119 Bank PermataBank Niaga 6.133.806.623 1.086.849.430 Bank NiagaBank Negara Indonesia 5.458.803.817 4.768.851.362 Bank Negara IndonesiaBank Internasional Indonesia 1.266.964.621 1.500.555.820 Bank Internasional IndonesiaLainnya 683.403.496 207.546.324 Others

US Dollar US DollarBank Central Asia 190.025.222.393 78.144.138 Bank Central AsiaABN AMRO Bank N.V. 3.829.652.372 - ABN AMRO Bank N.V.Bank Mandiri 1.712.905.851 3.431.925.450 Bank MandiriBank Internasional Indonesia 111.079.248 3.300.904 Bank Internasional IndonesiaLainnya 108.010.879 84.323.380 Others

Dollar Singapura Singapore DollarBank Negara Indonesia 3.558.400 3.998.517 Bank Negara Indonesia

Deposito berjangka Time depositsRupiah Rupiah

Bank Rakyat Indonesia 827.000.000.000 - Bank Rakyat IndonesiaBank Niaga 120.000.000.000 85.000.000.000 Bank NiagaBank Central Asia 110.740.532.868 113.287.764.029 Bank Central AsiaBank Danamon 90.000.000.000 90.000.000.000 Bank DanamonUnited Overseas Bank 78.423.978.082 - United Overseas BankBank Internasional Indonesia 21.000.000.000 14.000.000.000 Bank Internasional IndonesiaBank Mega 6.000.000.000 20.000.000.000 Bank MegaBank Bumiputera 1.000.000.000 - Bank BumiputeraBank Mandiri - 51.000.000.000 Bank Mandiri

US Dollar US DollarBank Niaga 899.438.018 66.528.404.673 Bank Niaga

Jumlah 1.634.991.766.133 508.182.498.827 Total

Tingkat bunga deposito berjangka Interest rates on time depositsper tahun per annumRupiah 6,25% - 11,25% 7,00% - 11,25% RupiahUS Dollar 3,50% - 5,00% 4,75% - 5,00% US Dollar

Seluruh kas dan setara kas ditempatkan padapihak ketiga.

All cash and cash equivalents were placed in thirdparty banks.

4. BANK ESCROW 4. BANK ESCROW

Pada tahun 2006, akun ini merupakan dana untukakuisisi saham Cipta TPI sebesar US$ 25 jutaditempatkan pada bank escrow di afiliasiDeutsche Bank di Singapura dengan tingkatbunga sebesar 7% per tahun untuk 3 bulanpertama dan selanjutnya memiliki tingkat bunga5,18% per tahun. Pada tanggal31 Desember 2006, saldo bank escrow sebesarUS$ 25.500.243. Pada tahun 2007, Perusahaantelah mencairkan dana tersebut dan dana yangdiperoleh digunakan untuk melunasi sebagianGuaranteed Secured Notes (Catatan 24).

In 2006, this account represented funds for theacquisition of Cipta TPI’s shares amounting toUS$ 25 million placed in a bank escrow account inan affiliate of Deutsche Bank in Singapore withinterest rate of 7% per annum for the first threemonths and 5.18% per annum for the next periods.As of December 31, 2006, bank escrow balanceamounted to US$ 25,500,243. In 2007,the Company withdrew the fund and the proceedswere used to partially settle the GuaranteedSecured Notes (Note 24).




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5. INVESTASI JANGKA PENDEK 5. SHORT-TERM INVESTMENTS

2007 2006Rp Rp

Reksa dana 124.776.558.624 - Mutual fundsMerlin Investment Fund 6.593.300.000 - Merlin Investment FundJumlah 131.369.858.624 - Total

Reksa Dana Mutual Funds

Perusahaan dan RCTI memiliki penyertaan padaunit reksa dana. Nilai wajar unit penyertaan reksadana ditentukan berdasarkan nilai aktiva bersihunit penyertaan reksa dana pada tanggal31 Desember 2007. Keuntungan belum direalisasiatas reksadana sebesar Rp 3.776.558.624 diakuidalam laporan laba rugi konsolidasi (Catatan 35).

The Company and RCTI have investment inmutual fund units. The fair values of mutual fundsare based on net asset value of the funds as ofDecember 31, 2007. Unrealized gain on mutualfunds recognized in consolidated incomestatements amounted to Rp 3,776,558,624(Note 35).

Merlin Investment Fund Merlin Investment Fund

RCTI menempatkan dana pada Merlin InvestmentFund dengan manajer investasi Lion Trust Ltd,Singapura sebesar US$ 700.000.

RCTI placed fund in Merlin Investment Fund withLion Trust Ltd. Singapore as investment manageramounting to US$ 700,000.

6. PIUTANG USAHA 6. TRADE ACCOUNTS RECEIVABLE

2007 2006Rp Rp

a. Berdasarkan pelanggan a. By customer

Pihak hubungan istimewa Related partiesPT Infokom Elektrindo 74.733.170.620 35.316.614.951 PT Infokom ElektrindoPT MNC Sky Vision 62.123.564.114 32.478.741.043 PT MNC Sky VisionPT Optima Media PT Optima Media

Dinamika 60.838.970.057 71.879.602.481 DinamikaPT Mobile-8 Telecom Tbk 21.852.995.390 12.422.340.866 PT Mobile-8 Telecom TbkLainnya, masing-masing Others, each below

di bawah Rp 1 miliar 467.806.407 126.742.000 Rp 1 billionJumlah 220.016.506.588 152.224.041.341 Total

Pihak ketiga Third partiesPiutang iklan Advertisements

PT Wira Pamungkas PT Wira PamungkasPariwara 171.835.988.590 167.047.271.404 Pariwara

Matari Incorporation 75.240.726.103 51.967.434.083 Matari IncorporationPT Intiative Media PT Intiative Media

Indonesia 74.923.917.761 41.901.224.504 IndonesiaPT Asian Media Network 52.049.860.065 - PT Asian Media NetworkPT Quantum Pratama PT Quantum Pratama

Media 44.979.197.328 43.364.226.410 MediaLainnya, masing-masing Others,

dibawah 5% 484.870.781.900 292.012.992.675 each below 5%Jumlah 903.900.471.747 596.293.149.076 Total

Piutang non iklan 164.173.058.499 26.882.397.140 Non-advertisementsJumlah 1.068.073.530.246 623.175.546.216 Total

Penyisihan piutang ragu-ragu (6.050.627.781) (5.306.161.763) Allowance for doubtful accountsJumlah 1.062.022.902.465 617.869.384.453 TotalBersih 1.282.039.409.053 770.093.425.794 Net




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2007 2006Rp Rp

b. Berdasarkan umur b. By age category

Belum jatuh tempo 399.383.602.880 319.255.253.909 Not yet dueJatuh tempo Past due

1 s/d 30 hari 345.031.091.558 194.274.095.817 1 to 30 days31 s/d 60 hari 165.960.523.207 99.187.605.249 31 to 60 days61 s/d 90 hari 69.051.945.402 55.998.868.750 61 to 90 days> 90 hari 308.662.873.787 106.683.763.832 > 90 days

Jumlah 1.288.090.036.834 775.399.587.557 TotalPenyisihan piutang ragu-ragu (6.050.627.781) (5.306.161.763) Allowance for doubtful accountsBersih 1.282.039.409.053 770.093.425.794 Net

c. Berdasarkan mata uang c. By currency

Rupiah 1.205.426.832.799 775.332.450.652 RupiahUS Dollar 82.648.068.035 54.092.940 US DollarEuro 15.136.000 13.043.965 EuroJumlah 1.288.090.036.834 775.399.587.557 TotalPenyisihan piutang ragu-ragu (6.050.627.781) (5.306.161.763) Allowance for doubtful accountsBersih 1.282.039.409.053 770.093.425.794 Net

Manajemen berpendapat bahwa penyisihanpiutang ragu-ragu adalah cukup untuk menutupkerugian yang mungkin timbul dari tidaktertagihnya piutang.

Management believes that the allowance fordoubtful accounts is adequate to cover possiblelosses on uncollectible receivables.

Pada tanggal 31 Desember 2007 dan 2006masing-masing sebesar 10,39% dan 16,63% daripiutang usaha yang sudah jatuh tempomerupakan piutang pihak hubungan istimewa.

As of December 31, 2007 and 2006, 10.39% and16.63% of the past due trade accounts receivable,respectively, are from related parties.

7. PIUTANG LAIN-LAIN 7. OTHER ACCOUNTS RECEIVABLE

2007 2006Rp Rp

Pihak hubungan istimewa Related partiesPT MNC Sky Vision 2.760.403.996 1.516.180.978 PT MNC Sky VisionPT Infokom Elektrindo 156.374.002 - PT Infokom ElektrindoPT Mobile-8 Telecom Tbk - 41.360.111 PT Mobile-8 Telecom TbkSubjumlah 2.916.777.998 1.557.541.089 Subtotal

Pihak ketiga 68.979.482.269 33.061.958.517 Third partiesJumlah 71.896.260.267 34.619.499.606 Total

Manajemen tidak membentuk penyisihan piutangragu-ragu karena manajemen berkeyakinanseluruh piutang lain-lain dapat ditagih.

No allowance for doubtful accounts was providedas management believes that such receivables arecollectible.




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8. PERSEDIAAN 8. INVENTORIES

2007 2006Rp Rp

Program dibeli 1.603.678.157.377 1.298.320.048.527 Programs purchasesProduksi sendiri In-house production

Produksi jadi 378.816.863.281 257.025.497.477 Finished programsProduksi dalam proses 56.181.727.728 21.809.328.337 Programs in processSubjumlah 2.038.676.748.386 1.577.154.874.341 Subtotal

Dikurangi amortisasi Less amortizationProgram dibeli (846.075.694.962) (635.087.319.813) Programs purchasesProduksi sendiri (314.977.858.850) (235.544.233.226) In-house productionPenghapusan (9.057.298.335) (11.546.534.508) Written-off

Bersih 868.565.896.239 694.976.786.794 Net

Non program Non programKertas 7.790.724.336 1.794.487.500 PaperTabloid 4.347.605.265 3.886.557.454 TabloidKaset 2.279.923.747 1.407.227.618 CassettesLainnya 2.330.891.585 917.921.944 OthersSubjumlah 16.749.144.933 8.006.194.516 Subtotal

Jumlah Persediaan 885.315.041.172 702.982.981.310 Total Inventories

Penghapusan persediaan merupakan programyang telah habis masa berlakunya dan programtidak layak tayang.

Written-off inventories represent expired programsand unsuitable program inventories.

Persediaan tidak diasuransikan terhadap risikokerugian atas kebakaran atau pencurian karenanilai wajar persediaan tidak dapat ditentukanuntuk tujuan asuransi. Bila terjadi kebakaran ataupencurian atas persediaan program, anakperusahaan dapat meminta kembali copy film daridistributor selama film tersebut belumditayangkan dan masa berlakunya belumberakhir.

Inventories were not insured against risks of lossfrom fire or theft because the fair value ofinventories could not be established for thepurpose of insurance. If such risks occur, thesubsidiary can request a new copy of the film fromdistributor as long as the film is not yet aired andhas not yet expired.

9. UANG MUKA PROGRAM 9. PROGRAM ADVANCES

2007 2006Rp Rp

a. Berdasarkan jenis program a. By Program Category

Pembelian program asing 99.651.579.855 5.149.150.550 Foreign program purchasesPembelian program lokal 16.132.122.670 20.321.716.265 Local program purchasesPembuatan program 58.438.898.564 11.219.781.788 In-house program productionJumlah 174.222.601.089 36.690.648.603 Total

b. Berdasarkan pemasok b. By Supplier

UEFA (Catatan 44e) 74.923.154.506 - UEFA (Note 44e)Prima Entertainment 24.500.000.000 4.680.000.000 Prima EntertainmentTripar Multivision Plus 5.835.000.000 5.835.000.000 Tripar Multivision PlusMD Entertainment 4.680.000.000 1.300.000.000 MD EntertainmentTotal Sports Asia 2.152.930.082 2.152.932.996 Total Sports AsiaLainnya 62.131.516.501 22.722.715.607 OthersJumlah 174.222.601.089 36.690.648.603 Total

Uang muka program merupakan pembayarandimuka atas pembelian program lokal dan asingdan pembuatan program produksi sendiri daripihak ketiga.

Program advances represent advance payment forpurchases of local and foreign programs and in-house production program to third parties.




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10. PAJAK DIBAYAR DIMUKA 10. PREPAID TAXES

2007 2006Rp Rp

Perusahaan The CompanyPajak penghasilan badan Overpayment of corporate income

lebih bayar (Catatan 36) 410.008.219 - tax (Note 36)Pajak pertambahan nilai - Value added tax -

bersih - 1.322.253.758 netAnak perusahaan Subsidiaries

Pajak penghasilan badan Overpayment of corporatelebih bayar income taxTahun 2007 6.136.394.327 - Year 2007Tahun 2006 - 809.131.297 Year 2006

Pajak pertambahan nilai - Value added tax -bersih 94.834.127 - net

Lainnya - 570.170 OthersJumlah 6.641.236.673 2.131.955.225 Total

11. UANG MUKA DAN BIAYA DIBAYAR DIMUKA 11. ADVANCES AND PREPAID EXPENSES

2007 2006Rp Rp

Uang muka operasional 19.627.926.211 7.676.597.455 Operational advancesAktiva program pensiun Pension plan assets

(Catatan 38) 9.612.468.000 - (Note 38)Suku cadang dan Spareparts and

perlengkapan kantor 6.057.323.444 5.421.463.698 office suppliesSewa 3.723.377.815 5.406.879.570 RentalSatelit 977.220.577 948.659.216 SatelliteLain-lain 9.880.137.132 7.380.374.171 OthersJumlah 49.878.453.179 26.833.974.110 Total

Uang muka operasional merupakan pembayarandimuka untuk perjalanan dinas dan kebutuhanoperasional lainnya.

Operational advances represent advancepayments for business travel and other necessaryoperational expenses.

12. INVESTASI PADA PERUSAHAAN ASOSIASI 12. INVESTMENTS IN ASSOCIATES

Investasi pada perusahaan asosiasi adalahsebagai berikut:

Investments in associates are as follows:

Domisili/ Persentase pemilikan/ Aktivitas utama/Perusahaan asosiasi/Associates Domicile 2007 2006 Percentage of ownership Principal activity

2007 2006

PT Optima Media Dinamika Jakarta 454.176.794 - 25,00 - Agensi periklanan/Advertising agencyPT Radio Panji Artha Swara Palembang 64.722.489 - 30,00 - Penyiaran/BroadcastingPT Media Nusantara Press Jakarta 38.000.000 - 38,00 - Media cetak/PrintPT Radio Tiara Gempita Buana Palembang 26.500.000 - 21,00 - Penyiaran/BroadcastingPT Radio Pesona Nanda Poespita Pekanbaru 25.000.000 - 25,00 - Penyiaran/BroadcastingPT Liiur Persada Tulungagung 21.000.000 - 21,00 - Penyiaran/BroadcastingPT Radio Duta Mashoor Cemerlang Manado 10.000.000 - 21,00 - Penyiaran/BroadcastingPT Swara Manusa Indah Pontianak 5.200.000 - 21,00 - Penyiaran/BroadcastingPT Radio Kalender Angkasa Dumai 2.000.000 - 21,00 - Penyiaran/BroadcastingJumlah/Total 646.599.283 -

Nilai tercatat/Carrying amount




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Mutasi investasi pada perusahaan asosiasiadalah sebagai berikut:

The changes in investments in associates are asfollows:

2007 2006Rp Rp

Saldo awal tahun - 918.841.434 Beginning of yearPerubahan tahun berjalan Changes during the year

Penambahan investasi 157.274.203 - Additional investmentsPenambahan karena Addition due to acquisition

akuisisi CMI 454.176.794 - of CMIBagian laba bersih 35.148.286 - Equity in net incomeDipindahkan menjadi Transfer to become

anak perusahaan - (918.841.434) subsidiarySaldo akhir tahun 646.599.283 - End of year

13. INVESTASI LAIN 13. OTHER INVESTMENTS

2007 2006Rp Rp

Uang muka investasi 872.154.612.181 103.500.000.000 Investment advancesObligasi konversi 64.809.509.034 - Convertible bondsObligasi wajib tukar 19.411.247.111 50.911.247.111 Mandatory exchangeable bondJumlah 956.375.368.326 154.411.247.111 Total

Uang Muka Investasi

Perusahaan dan anak perusahaan mempunyaiuang muka investasi, sebagai berikut:

Investment Advances

The Company and its subsidiaries had investmentadvances, as follows:

2007 2006Rp Rp

Investasi pada usaha penyiaran Investment in broadcasting businessProyek pengembangan bisnis Project business development

(Catatan 44f) 765.899.742.237 - (Note 44f)Aset Kredit Group Citra Aset Kredit Group Citra

Lamtorogung 103.500.000.000 103.500.000.000 LamtorogungInvestasi pada usaha media cetak Investment in print business

PT. Media Nusantara Press 2.754.869.944 - PT. Media Nusantara PressJumlah 872.154.612.181 103.500.000.000 Total

Obligasi Konversi Convertible Bonds

Pada tanggal 16 April 2007, MNI membeli obligasikonversi seharga Rp 49 miliar yang diterbitkanoleh PT. Media Nusantara Press.

On April 16, 2007 MNI purchased convertiblebonds of Rp 49 billion issued by PT. MediaNusantara Press.

Pada tanggal 30 Mei 2007, CMI melakukanperjanjian pengambilalihan dengan pemegangsaham Yello PTe Ltd. (Yello), sebuah perusahaanyang berbadan hukum di Singapura. Yellomenerbitkan obligasi konversi kepada CMIdengan nilai pokok sebesar Rp 15.809.509.034yang dapat ditukar dengan 875.000 saham biasabaru Yello.

On May 30, 2007, CMI entered into deed ofundertaking with the shareholders of Yello PTe Ltd.(Yello), a company incorporated under the laws ofSingapore. Yello issued convertible bonds to CMIwith an aggregate principal value ofRp 15,809,509,034 which is convertible into875,000 new ordinary shares of Yello.




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Obligasi Wajib Tukar

Pada tahun 2006, Perusahaan mempunyaiobligasi wajib tukar sebesar Rp 31,5 miliar yangdapat ditukarkan dengan 2.560.000 saham CMImilik PT. Inti Idaman Nusantara (Catatan 1b).Pada tahun 2007, Perusahaan membelitambahan obligasi wajib tukar sebesar Rp 7,9miliar yang dapat ditukarkan dengan 639.999saham CMI milik PT Inti Idaman Nusantara. Padabulan September 2007, Perusahaan telahmenukarkan obligasi wajib tukar tersebut dengan99,99% kepemilikan saham CMI (Catatan 39).

Mandatory Exchangeable Bond

In 2006, the Company had mandatoryexchangeable bond amounting to Rp 31.5 billionwhich are exchangeable into 2,560,000 of CMIshares owned by PT. Inti Idaman Nusantara(Note 1b). In 2007, the Company purchasedadditional mandatory exchangeable bondamounting to Rp 7.9 billion which areexchangeable into 639,999 of CMI shares ownedby PT Inti Idaman Nusantara. In September 2007,the Company had exchanged the mandatoryexchangeable bond into 99.99% shares ownershipof CMI (Note 39).

Perusahaan mempunyai obligasi wajib tukarsebesar Rp 19.411.247.111 yang dapatditukarkan dengan 16.388 saham PT. HikmatMakna Aksara milik PT. Kencana Mulia Utama(pihak ketiga).

The Company has mandatory exchangeable bondamounting to Rp 19,411,247,111 which isexchangeable into 16,388 shares of PT. HikmatMakna Aksara owned by PT. Kencana MuliaUtama (third party).

14. AKTIVA TETAP 14. PROPERTY AND EQUIPMENT

1 Januari 2007/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember 2007/January 1, 2007 Additions Deductions Reclassifications December 31, 2007

Rp Rp Rp Rp RpBiaya perolehan Acquisition cost

Pemilikan langsung Direct acquisitionsTanah 183.439.002.170 1.625.785.731 - 100.000.000 185.164.787.901 LandBangunan 166.456.821.634 9.104.924.087 484.666.539 2.210.239.148 177.287.318.330 BuildingsPerlengkapan bangunan 3.856.857.082 1.710.099.091 - - 5.566.956.173 Building equipmentPeralatan studio 818.954.188.913 85.165.050.448 118.075.909 13.490.902.143 917.492.065.595 Studio equipmentPerlengkapan kantor 51.115.379.661 19.700.606.316 - - 70.815.985.977 Office equipmentKendaraan bermotor 63.083.165.482 14.677.352.612 938.973.367 909.874.000 77.731.418.727 Motor vehiclesPartisi 988.742.816 1.644.791.175 - - 2.633.533.991 PartitionsRadio transmitter 10.950.937.190 2.581.586.572 - - 13.532.523.762 Radio transmitterPeralatan lain-lain 111.105.491.446 12.254.156.411 1.369.356.574 16.346.253.846 138.336.545.129 Other equipmentRenovasi kantor 54.330.757 - - - 54.330.757 Office renovationInstalasi kantor 24.756.000 - - - 24.756.000 Office installationPeralatan komputer 6.114.747.022 3.300.721.608 - 798.909.029 10.214.377.659 Computer equipment

Aktiva sewa guna usaha Leased assetsKendaraan bermotor 98.800.000 286.970.000 - - 385.770.000 Motor vehicles

Aktiva dalam Constructionpenyelesaian 31.082.116.893 25.252.635.942 10.725.000 (33.856.178.166) 22.467.849.669 in progress

Jumlah biaya perolehan 1.447.325.337.066 177.304.679.993 2.921.797.389 - 1.621.708.219.670 Total acquisition costs

Akumulasi penyusutan Accumulated depreciationPemilikan langsung Direct acquisitions

Bangunan 103.554.517.447 6.632.573.985 12.034.574 - 110.175.056.858 BuildingsPerlengkapan bangunan 848.314.416 438.926.015 - - 1.287.240.431 Building equipmentPeralatan studio 465.371.242.366 73.767.608.409 57.714.540 - 539.081.136.235 Studio equipmentPerlengkapan kantor 29.192.832.949 7.559.743.131 - - 36.752.576.080 Office equipmentKendaraan bermotor 33.684.667.458 12.135.904.376 709.054.698 - 45.111.517.136 Motor vehiclesPartisi 96.604.276 202.107.181 - - 298.711.457 PartitionsRadio transmitter 5.772.460.338 1.109.128.134 - - 6.881.588.472 Radio transmitterPeralatan lain-lain 88.859.394.229 10.791.304.235 505.021.446 - 99.145.677.018 Other equipmentRenovasi kantor 15.119.833 13.582.689 - - 28.702.522 Office renovationInstalasi kantor 6.263.814 6.189.000 - - 12.452.814 Office installationPeralatan komputer 2.551.179.332 2.048.617.288 - - 4.599.796.620 Computer equipment

Aktiva sewa guna usaha Leased assetsKendaraan bermotor 24.617.500 127.284.162 - - 151.901.662 Motor vehicles

Jumlah akumulasi Total accumulatedpenyusutan 729.977.213.958 114.832.968.605 1.283.825.258 - 843.526.357.305 depreciation

Jumlah Tercatat 717.348.123.108 778.181.862.365 Net Book Value




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1 Januari 2006/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember 2006/January 1, 2006 Additions Deductions Reclassifications December 31, 2006

Rp Rp Rp Rp RpBiaya perolehan Acquisition cost

Pemilikan langsung Direct acquisitionsTanah 24.690.890.742 158.748.111.428 - - 183.439.002.170 LandBangunan 93.769.773.241 72.308.361.121 - 378.687.272 166.456.821.634 BuildingsPerlengkapan bangunan 2.325.744.791 336.035.723 - 1.195.076.568 3.856.857.082 Building equipmentPeralatan studio 458.449.964.110 357.513.109.569 - 2.991.115.234 818.954.188.913 Studio equipmentPerlengkapan kantor 22.522.612.665 27.792.048.353 945.323.441 1.746.042.084 51.115.379.661 Office equipmentKendaraan bermotor 41.138.815.855 22.424.241.127 479.891.500 - 63.083.165.482 Motor vehiclesPartisi 588.873.175 399.869.641 - - 988.742.816 PartitionsRadio transmitter 5.962.038.692 5.148.239.397 159.340.899 - 10.950.937.190 Radio transmitterPeralatan lain-lain 110.884.622.929 1.766.720.328 11.150.000 (1.534.701.811) 111.105.491.446 Other equipmentRenovasi kantor 48.344.510 5.986.247 - - 54.330.757 Office renovationInstalasi kantor 19.587.000 5.169.000 - - 24.756.000 Office installationPeralatan komputer 2.712.278.433 1.903.808.862 - 1.498.659.727 6.114.747.022 Computer equipment

Aktiva sewa guna usaha Leased assetsKendaraan bermotor 98.800.000 - - - 98.800.000 Motor vehicles

Aktiva dalampenyelesaian 18.766.227.931 18.590.768.036 - (6.274.879.074) 31.082.116.893 Construction in progress

Jumlah biaya perolehan 781.978.574.074 666.942.468.832 1.595.705.840 - 1.447.325.337.066 Total acquisition costs

Akumulasi penyusutan Accumulated depreciationPemilikan langsung Direct acquisitions

Bangunan 39.074.476.962 64.480.040.485 - - 103.554.517.447 BuildingsPerlengkapan bangunan 590.179.966 258.134.450 - - 848.314.416 Building equipmentPeralatan studio 221.012.819.549 244.358.422.817 - - 465.371.242.366 Studio equipmentPerlengkapan kantor 12.553.254.866 17.332.544.746 832.592.278 139.625.615 29.192.832.949 Office equipmentKendaraan bermotor 18.157.257.063 15.905.219.395 377.809.000 - 33.684.667.458 Motor vehiclesPartisi 18.209.508 78.394.768 - - 96.604.276 PartitionsRadio transmitter 3.603.757.378 2.328.043.791 159.340.831 - 5.772.460.338 Radio transmitterPeralatan lain-lain 79.395.931.128 9.954.815.826 9.105.833 (482.246.892) 88.859.394.229 Other equipmentRenovasi kantor 2.014.355 13.105.478 - - 15.119.833 Office renovationInstalasi kantor 816.125 5.447.689 - - 6.263.814 Office installationPeralatan komputer 925.645.637 1.282.912.418 - 342.621.277 2.551.179.332 Computer equipment

Aktiva sewa guna usaha Leased assetsKendaraan bermotor 16.466.667 8.233.333 82.500 - 24.617.500 Motor vehicles

Jumlah akumulasi penyusutan 375.350.829.204 356.005.315.196 1.378.930.442 - 729.977.213.958 Total accumulated depreciation

Jumlah Tercatat 406.627.744.870 717.348.123.108 Net Book Value

Beban penyusutan tahun 2007 dan 2006 masing-masing sebesar Rp 109.458.304.354 danRp 81.823.205.770.

Depreciation charged to operations amounted toRp 109,458,304,354 and Rp 81,823,205,770 in2007 and 2006, respectively.

Dalam penambahan aktiva tetap tahun 2007 dan2006, termasuk aktiva tetap anak perusahaanyang diakuisisi (Catatan 39) yang terdiri dari biayaperolehan masing-masing sebesarRp 10.024.887.621 dan Rp 480.787.297.778, danakumulasi penyusutan masing-masing sebesarRp 5.374.664.251 dan Rp 274.182.109.426.

Additions to property and equipment in 2007 and2006 included property and equipment of acquiredsubsidiaries (Note 39) consisting of acquisition costof Rp 10,024,887,621 and Rp 480,787,297,778,respectively and accumulated depreciation ofRp 5,374,664,251 and Rp 274,182,109,426,respectively.

Aktiva dalam penyelesaian merupakanpembangunan gedung studio di Jakarta, danpembangunan stasiun transmisi berikutinstalasinya yang diperkirakan selesai tahun2008.

Construction in progress represents construction ofstudio building in Jakarta, and installation oftransmission station which are estimated to becompleted in 2008.

Anak perusahaan memiliki beberapa bidangtanah dengan hak legal berupa Hak GunaBangunan berjangka waktu 20 dan 30 tahun,jatuh tempo antara tahun 2010 dan 2034.Manajemen berpendapat tidak terdapat masalahdengan perpanjangan hak atas tanah karenaseluruh tanah diperoleh secara sah dan didukungdengan bukti pemilikan yang memadai.

Subsidiaries own several parcels of land withBuilding Use Rights for period of 20 to 30 yearsuntil 2010 to 2034. Management believes thatthere will be no difficulty in the extension of landrights since the land were acquired legally andsupported by sufficient evidence of ownership.




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Aktiva tetap termasuk aktiva tetap kerjasama(Catatan 15), kecuali tanah, diasuransikankepada perusahaan asuransi pihak ketiga yaituPT. Asuransi Sinar Mas, PT. Asuransi Ramayana,PT. Asuransi Raksa Pratikara, PT. CitraInternational Underwriters, PT. Asuransi Mitra,PT. Asuransi AIU Indonesia dan PT. AsuransiJasa Indonesia, terhadap resiko kebakaran,pencurian dan resiko lainnya dengan jumlahpertanggungan sebesar Rp 1.160.616.740.990,US$ 34.176.321 dan EURO 42.388 tahun 2007dan Rp 727.653.607.542 dan US$ 30.574.100tahun 2006. Manajemen berpendapat bahwa nilaipertanggungan tersebut cukup untuk menutupikemungkinan kerugian atas aktiva yangdipertanggungkan.

Property and equipment including property andequipment under joint operations (Note 15), exceptland, were insured with PT. Asuransi Sinar Mas,PT. Asuransi Ramayana, PT. Asuransi RaksaPratikara, PT. Citra International Underwriters,PT. Asuransi Mitra, PT. Asuransi AIU Indonesiaand PT. Asuransi Jasa Indonesia, third parties,against fire, theft and other possible risks forRp 1,160,616,740,990, US$ 34,176,321 andEURO 42,388 in 2007 and Rp 727,653,607,542and US$ 30,574,100 in 2006. Managementbelieves that the insurance coverage is adequateto cover possible losses on assets insured.

15. AKTIVA TETAP KERJASAMA 15. PROPERTY AND EQUIPMENT UNDER JOINTOPERATIONS

Aktiva tetap kerjasama merupakan aktiva tetapyang dibiayai secara bersama-sama oleh RCTIdan SCTV untuk kegiatan operasional siarannasional (nation wide). RCTI dan SCTV masing-masing menanggung sebesar 50% biayaperolehan stasiun relay yang dibangun bersama-sama (Catatan 44a). RCTI, SCTV dan INDOSIARjuga melakukan perjanjian kerjasama kegiatanoperasional siaran nasional (nation wide) diJember, Madiun dan Banyuwangi. RCTI, SCTVdan INDOSIAR masing-masing menanggung 1/3biaya perolehan stasiun relay yang dibagibersama-sama (Catatan 44a). Rincian aktivatetap kerjasama adalah sebagai berikut:

Property and equipment under joint operationsrepresent assets financed by RCTI and SCTV fornationwide operations. RCTI and SCTV willassume 50% of the cost of all relay stations of thejoint operations which are developed along withthe provision of land, construction of building andrelay station facilities (Note 44a). RCTI, SCTV andINDOSIAR also have joint nationwide operations inJember, Madiun and Banyuwangi. RCTI, SCTVand INDOSIAR assumed 1/3 each for the cost ofrelay stations which were built (Note 44a). Thedetails of assets under joint operations are asfollows:

Jumlah/RCTI SCTV INDOSIAR TotalRp Rp Rp Rp

Biaya perolehan Acquisition costsTanah 645.742.992 1.039.611.764 - 1.685.354.756 LandBangunan 3.576.129.877 2.845.074.168 204.996.573 6.626.200.618 BuildingsPeralatan studio 19.701.078.120 11.098.039.249 - 30.799.117.369 Studio equipmentKendaraan bermotor 8.520.000 71.170.000 - 79.690.000 Motor vehiclesPeralatan kantor 148.175.074 144.295.085 1.350.000 293.820.159 Office equipmentPeralatan lain-lain 4.207.321.738 3.433.672.277 323.957.664 7.964.951.679 Other equipment

Jumlah 28.286.967.801 18.631.862.543 530.304.237 47.449.134.581 TotalBagian SCTV dan INDOSIAR (14.145.901.701) (9.494.637.510) (353.536.158) (23.994.075.369) SCTV's and INDOSIAR'S shareBagian RCTI 14.141.066.100 9.137.225.033 176.768.079 23.455.059.212 RCTI's shareAkumulasi penyusutan (11.181.743.777) (7.620.062.438) (135.978.129) (18.937.784.344) Accumulated depreciationJumlah Tercatat 2.959.322.323 1.517.162.595 40.789.950 4.517.274.868 Net Book Value

2007Aktiva atas nama/Assets under the name of




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RCTI SCTV INDOSIAR Jumlah/TotalRp Rp Rp Rp

Biaya perolehan Acquisition costsTanah 645.742.992 1.039.611.764 - 1.685.354.756 LandBangunan 3.187.749.264 2.845.074.168 204.996.573 6.237.820.005 BuildingsPeralatan studio 19.295.240.644 11.098.039.249 - 30.393.279.893 Studio equipmentKendaraan bermotor 8.520.000 71.170.000 - 79.690.000 Motor vehiclesPerlengkapan kantor 148.175.074 144.295.085 1.350.000 293.820.159 Office equipmentPeralatan lain-lain 2.860.866.606 3.433.672.277 323.957.663 6.618.496.546 Other equipment

Jumlah 26.146.294.580 18.631.862.543 530.304.236 45.308.461.359 TotalBagian SCTV dan SCTV and

INDOSIAR (13.073.147.290) (9.497.055.310) (353.536.158) (22.923.738.758) INDOSIAR'S sharesBagian RCTI 13.073.147.290 9.134.807.233 176.768.078 22.384.722.601 RCTI's shareAkumulasi penyusutan (9.755.598.517) (7.430.650.043) (132.561.546) (17.318.810.106) Accumulated depreciationJumlah Tercatat 3.317.548.773 1.704.157.190 44.206.532 5.065.912.495 Net Book Value

2006Aktiva atas nama/Assets under the name of

Bagian RCTI atas beban penyusutan aktiva tetapkerjasama untuk tahun 2007 dan 2006 masing-masing sebesar Rp 1.618.974.238 danRp 1.104.099.267.

RCTI’s share of depreciation on property andequipment under joint operations charged tooperations amounted to Rp 1,618,974,238 andRp 1,104,099,267 in 2007 and 2006, respectively.

16. GOODWILL 16. GOODWILL

Akun ini merupakan selisih lebih antara biayaperolehan dan bagian Perusahaan atas nilai wajaraktiva bersih anak perusahaan (Catatan 39).

This account represents the excess of acquisitioncost over the Company’s interest in the fair valueof the net assets of subsidiaries acquired(Note 39).

2007 2006Rp Rp

Cipta TPI 242.717.849.099 242.717.849.099 Cipta TPIMNCN dan anak perusahaan 39.597.615.185 36.586.963.901 MNCN and subsidiariesCMI dan anak perusahaan 18.636.257.759 - CMI and its subsidiariesMNIG 3.676.749.308 3.676.749.308 MNIGJumlah 304.628.471.351 282.981.562.308 TotalAkumulasi amortisasi Accumulated amortization

Awal tahun 8.407.842.744 630.441.002 Beginning of yearAmortisasi 15.754.163.295 7.777.401.742 AmortizationAkhir tahun 24.162.006.039 8.407.842.744 End of year

Jumlah tercatat 280.466.465.312 274.573.719.564 Net carrying amount

Dalam penambahan goodwill tahun 2007,termasuk goodwill dari akuisisi CMI sebesarRp 18.636.257.759 (Catatan 39).

Addition to goodwill in 2007 includes goodwill ofacquired CMI amounting to Rp 18,636,257,759(Note 39).

Amortisasi goodwill tahun 2007 dan 2006 masing-masing sebesar Rp 15.754.163.295 danRp 7.777.401.742.

Amortization of goodwill amounted toRp 15,754,163,295 in 2007 and Rp 7,777,401,742in 2006.




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17. AKTIVA LAIN-LAIN 17. OTHER ASSETS

2007 2006Rp Rp

Uang muka sewa transmisi dan Advances for transmission andmenara 45.391.739.898 17.717.697.146 tower rental

Jaminan 20.664.776.641 20.550.402.641 DepositsUang muka pembelian Advances for purchase of property

aktiva tetap 7.825.769.810 19.309.143.438 and equipmentPiutang karyawan untuk program

perumahan dan kendaraan Receivables from employees forbermotor 2.599.303.659 4.661.656.352 housing and motor vehicles

Lainnya 18.502.018.160 8.247.096.006 OthersJumlah 94.983.608.168 70.485.995.583 Total

Jaminan merupakan pembayaran jaminan ataspembelian bahan baku kertas kepada pihakketiga dan sewa transponder.

Deposits represent payment for guarantee onpurchases of paper materials to third parties andtransponder rental.

18. HUTANG USAHA 18. TRADE ACCOUNTS PAYABLE

2007 2006Rp Rp

a. Berdasarkan pemasok a. By supplier

Program lokal Local programsPT Sinemart Indonesia 77.330.250.000 16.716.475.000 PT Sinemart IndonesiaPT Rapi Film 19.140.000.000 7.135.000.000 PT Rapi FilmPT Tripar Multivision Plus 17.682.400.000 7.090.140.000 PT Tripar Multivision PlusLainnya, masing-masing

dibawah 5% dari Others, each below 5% of totaljumlah hutang usaha 194.447.199.955 200.725.688.612 trade accounts payable

Jumlah program lokal 308.599.849.955 231.667.303.612 Total local programs

Program asing Foreign programs20th Century Fox 19.492.328.511 807.876.300 20th Century FoxParamount 8.073.429.917 - ParamountUnited Champ Assets Ltd. 7.219.776.528 9.997.154.640 United Champ Assets Ltd.PT Citra Mandiri PT Citra Mandiri

International - 5.964.445.253 InternationalPT Soraya Intercine Films - 5.868.970.056 PT Soraya Intercine FilmsLainnya, masing-masing Others, each

dibawah Rp 1 miliar 10.826.776.476 11.540.029.346 below Rp 1 billionJumlah program asing 45.612.311.432 34.178.475.595 Total foreign programs

Non program Non programsPihak hubungan istimewa Related parties

PT Optima Media PT Optima MediaDinamika 38.360.523.294 - Dinamika

PT Infokom Elektrindo 24.754.969.499 5.515.460.883 PT Infokom ElektrindoUsaha Gedung Bimantara 853.781.167 - Usaha Gedung BimantaraPT Mobile-8 Telecom Tbk 818.864 - PT Mobile-8 Telecom Tbk

Pihak ketiga 63.299.673.843 30.402.980.085 Third partiesJumlah non program 127.269.766.667 35.918.440.968 Total non programs

Jumlah 481.481.928.054 301.764.220.175 Total




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2007 2006Rp Rp

b. Berdasarkan umur b. By age category

Belum jatuh tempo 78.132.459.282 148.809.516.609 Not yet due1 s/d 30 hari 59.371.384.327 31.475.300.974 1 to 30 days31 s/d 60 hari 45.993.643.439 25.345.643.343 31 to 60 days61 s/d 90 hari 38.331.080.975 18.058.334.924 61 to 90 daysLebih dari 90 hari 259.653.360.031 78.075.424.325 More than 90 days

Jumlah 481.481.928.054 301.764.220.175 Total

c. Berdasarkan mata uang c. By currency

Rupiah 412.550.041.400 266.862.758.495 RupiahUS Dollar 63.850.637.885 34.409.157.446 US DollarEuro 4.994.965.423 393.394.126 EuroLainnya 86.283.346 98.910.108 Others

Jumlah 481.481.928.054 301.764.220.175 Total

19. HUTANG PAJAK 19. TAXES PAYABLE

2007 2006Rp Rp

Perusahaan The CompanyPajak kini Current income tax

Tahun 2006 (Catatan 36) - 926.669.896 Year 2006 (Note 36)Tahun 2001 - 171.174.800 Year 2001

Pajak penghasilan Income taxesPasal 21 2.753.497.077 199.740.048 Article 21Pasal 23 111.868.926 41.917.631 Article 23Pasal 26 341.802.247 2.427.489.213 Article 26

Pajak pertambahan nilai - bersih 3.783.615.379 - Value added tax - netAnak perusahaan Subsidiaries

Pajak kini (Catatan 36) Current income tax (Note 36)Tahun 2007 23.724.557.710 - Year 2007Tahun 2006 - 10.031.409.021 Year 2006

Pajak Penghasilan Income taxesPasal 21 10.352.699.584 15.695.292.513 Article 21Pasal 22 - Article 22Pasal 23 6.802.914.030 7.086.465.595 Article 23Pasal 25 12.640.870.926 14.120.125.166 Article 25Pasal 26 13.744.815.236 6.944.830.100 Article 26

Pajak pertambahan nilai - bersih 57.575.182.112 53.293.395.157 Value added tax - netLainnya 761.852.614 475.678.805 Others

Jumlah 132.593.675.841 111.414.187.945 Total

Berdasarkan Surat Persetujuan MenteriKeuangan Republik IndonesiaNo. 912a/KMK.00/1988 tanggal 4 Oktober 1988,RCTI memperoleh pembebasan bea masuk imporfilm dan kaset video.

Based on the approval letter from the Minister ofFinance of the Republic of IndonesiaNo. 912a/KMK.00/1988 dated October 4, 1988,RCTI obtained exemption from import duty forimported films and video cassettes.




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20. PENDAPATAN DITERIMA DIMUKA 20. UNEARNED REVENUES

Akun ini merupakan penerimaan atas iklan belumtayang dan penggunaan studio.

This account represents revenues received inadvance for advertisements and studio utilization.

21. BIAYA MASIH HARUS DIBAYAR 21. ACCRUED EXPENSES

2007 2006Rp Rp

Rumah produksi - program lokal 65.199.201.065 1.879.440.960 Production house - local programsBunga 55.525.164.000 57.524.790.937 InterestPembuatan program 23.417.441.200 2.045.667.560 In-house program productionKompensasi Cipta TPI kepada YTVRI 18.103.407.949 18.103.407.949 Compensation by Cipta TPI to YTVRISewa transponder (Catatan 44a) 6.280.905.328 2.308.702.533 Transponder rental (Note 44a)Lainnya 16.505.482.703 16.699.144.714 OthersJumlah 185.031.602.245 98.561.154.653 Total

Pada tanggal 6 Agustus 1990, Cipta TPImenandatangani kesepakatan dengan YayasanTVRI (YTVRI) mengenai kompensasi kepadaYTVRI sehubungan dengan pendapatan iklan.Kesepakatan ini diperbaharui pada tanggal27 Juni 1990 dalam hal tingkat kompensasisebesar 12,5% dari pendapatan bersih danperubahan tanggal berakhirnya perjanjian menjadi30 Juni 2000. Cipta TPI mencatat kewajibankompensasi kepada YTVRI sampai31 Desember 2000. Pada tanggal 5 September2006, TVRI yang diwakili oleh pengacaranyamengajukan tuntutan hukum melawan Cipta TPIdi Pengadilan Negeri Jakarta Selatan. Padatanggal 16 April 2007, Pengadilan Negeri JakartaSelatan telah memutuskan bahwa Cipta TPIharus membayar denda sebesarRp 1.981.217.288 beserta bunganya sebesar 6%per tahun, terhitung sejak 1 Juli 2000 sampaidengan tanggal pembayaran. Pada tanggal 2 Juli2007, TVRI mengajukan banding atas keputusantersebut ke Pengadilan Tinggi Jakarta. Padatanggal 24 September 2007, Pengadilan TinggiJakarta memutuskan memperkuat putusanPengadilan Negeri Jakarta Selatan. Sampaidengan tanggal diterbitkannya laporan keuangan,TVRI belum mengajukan banding ke MahkamahAgung. Cipta TPI berpendapat bahwa penyisihanyang ada cukup untuk menutupi kemungkinankerugian yang akan timbul di kemudian hariakibat tuntutan ini.

On August 6, 1990, Cipta TPI entered into anagreement with Yayasan TVRI (YTVRI) regardingthe compensation to YTVRI on advertisingrevenues. The agreement was amended onJune 27, 1990 with respect to the rate ofcompensation at 12.5% of net revenues and thechange in the expiry date of agreement to June 30,2000. Cipta TPI recorded compensation liabilitiesto YTVRI until December 31, 2000. OnSeptember 5, 2006, Televisi Republik Indonesia(TVRI) represented by its lawyer filed a lawsuitagainst Cipta TPI in District Court of South Jakarta.On April 16, 2007, the District Court of SouthJakarta decided that Cipta TPI must pay to TVRIthe amount of Rp 1,981,217,288 and the relatedinterest at 6% per annum, which should becalculated from July 1, 2000 until the date ofpayment. On July 2, 2007, TVRI has filed anappeal against this decision to the High Court ofJakarta. On September 24, 2007, the High Court ofJakarta’s ruling upheld the decision of the DistrictCourt of South Jakarta. As of the issuance date ofthe financial statements, TVRI has not yet filed anyappeal to the Supreme Court. Cipta TPI believesthat the current accrual is adequate to coverpossible losses that may be incurred from thislawsuit.

Biaya masih harus dibayar atau distributorprogram lokal merupakan estimasi berdasarkanpersentase tertentu dari pendapatan iklan suatuprogram. Kewajiban tersebut diselesaikan setelahprogram selesai ditayangkan. Jumlahpembayaran bagi hasil untuk tahun 2007 dan2006 masing-masing sebesar Rp 10.962.928.808dan Rp 23.983.153.660.

Accrued expense on production house/distributorfrom advertisement of a program were estimatedbased on certain percentage of the sharedrevenue from the program. Liability is recognizedafter the program is aired. Revenue shared fromthese programs for 2007 and 2006 amounted toRp 10,962,928,808 and Rp 23,983,153,660,respectively.




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22. HUTANG LAIN-LAIN 22. OTHER ACCOUNTS PAYABLE

2007 2006Rp Rp

Pihak hubungan istimewa Related partiesPT Infokom Elektrindo 264.770.000 675.174.333 PT Infokom ElektrindoPT Usaha Gedung Bimantara 1.533.130.153 622.905.920 PT Usaha Gedung BimantaraPT Global Mediacom Tbk 375.807.029 136.447.976 PT Global Mediacom TbkJumlah 2.173.707.182 1.434.528.229 Total

Pihak ketiga Third partiesPT Surya Citra Televisi PT Surya Citra Televisi

Indonesia 14.764.459.508 12.593.603.041 IndonesiaHutang Proyek Capex 3.013.216.870 1.033.404.695 Capex Project SuppliersPT Hewlett Packard Finance 1.638.528.675 3.661.290.160 PT Hewlett Packard FinanceLainnya, masing-masing Others, each

dibawah Rp1 miliar 28.750.435.851 10.932.660.134 below Rp 1 billionJumlah 48.166.640.904 28.220.958.030 TotalJumlah Hutang Lain-lain 50.340.348.086 29.655.486.259 Total other accounts payable

Hutang kepada SCTV merupakan reimbursementaktiva tetap kerjasama.

Payable to SCTV represents reimbursements forproperty and equipment under joint operations.

23. HUTANG PEMBELIAN AKTIVA TETAP 23. LIABILITIES FOR PURCHASE OF PROPERTYAND EQUIPMENT

Akun ini merupakan hutang pembelian kendaraanbermotor dan alat-alat komputer Perusahaan dananak perusahaan, sebagai berikut:

This account represents liabilites for purchase ofvehicles and computer equipment of the Companyand its subsidiaries, with details as follows:

2007 2006Rp Rp

Pembayaran jatuh tempopada tahun: Payments due in:2006 - 699.200.724 20062007 600.027.754 10.275.767.567 20072008 7.185.611.788 5.945.503.410 20082009 3.448.843.791 1.923.571.307 20092010 458.384.643 - 2010

Jumlah pembayaran minimum 11.692.867.976 18.844.043.008 Total minimum paymentsBunga (2.398.655.153) (3.913.712.483) InterestNilai tunai pembayaran Present value of minimum

minimum 9.294.212.823 14.930.330.525 paymentsBagian jatuh tempo dalam

satu tahun (5.925.499.620) (8.400.513.499) Current maturitiesBagian jangka panjang 3.368.713.203 6.529.817.026 Long-term portion

Tingkat bunga per tahun 5,50% - 19,50% 13,50% - 19,50% Interest rate per annum




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Rincian hutang pembelian aktiva tetapberdasarkan kreditur:

Details of liabilities for purchase of property andequipment by lenders are as follows:

2007 2006Rp Rp

PT. Bhakti Finance 2.365.278.691 859.222.542 PT. Bhakti FinanceBank Central Asia 2.521.880.619 2.036.047.657 Bank Central AsiaBank Bukopin 2.029.686.128 5.098.501.330 Bank BukopinBank Commonwealth 732.149.839 1.520.484.319 Bank CommonwealthBank Haga 515.635.327 1.280.656.127 Bank HagaTunas Financindo 412.672.667 816.369.916 Tunas FinancindoU Finance Indonesia 274.077.782 1.285.062.223 U Finance IndonesiaBank Akita 257.357.781 - Bank AkitaPT. Asia Multidana 112.359.014 - PT. Asia MultidanaAdira Dinamika Multifinance 27.843.112 26.776.006 Adira Dinamika MultifinanceBank Niaga 18.433.619 318.110.972 Bank NiagaLainnya 26.838.244 1.689.099.433 OthersJumlah 9.294.212.823 14.930.330.525 Total

Seluruh hutang pembelian aktiva memiliki jangkawaktu 36 bulan dan dijamin dengan aktiva yangbersangkutan.

All of the liabilities for the purchase of property andequipment are due within 36 months and securedby the related assets.

24. HUTANG OBLIGASI 24. BONDS PAYABLE

2007 2006Rp Rp

Obligasi RCTI 220.000.000.000 385.000.000.000 RCTI BondsGuaranteed Secured Notes,

nilai nominal US$ 143.000.000 Guaranteed Secured Notes,tahun 2007 dan US$ 168.000.000 face value of US$ 143,000,000tahun 2006, setelah dikurangi in 2007 and US$ 168,000,000diskonto dan biaya emisi pinjaman in 2006, net of unamortizedbelum diamortisasi 1.282.445.659.945 1.417.521.828.613 discount and debt issuance cost

Jumlah 1.502.445.659.945 1.802.521.828.613 TotalBagian jatuh tempo

dalam satu tahun (220.000.000.000) - Current maturitiesBagian jangka panjang - setelah

dikurangi bagian jatuh tempo Long-term portion - net of currentdalam satu tahun 1.282.445.659.945 1.802.521.828.613 maturities

Obligasi RCTI RCTI Bonds

RCTI memperoleh pernyataan efektif dariBAPEPAM dengan suratnya No. S-2484/PM/2003tanggal 13 Oktober 2003, untuk melakukanPenawaran Umum Obligasi tahun 2003 sebesarRp 550 miliar. Dalam rangka penerbitan obligasiini, Bank Niaga bertindak sebagai wali amanat,berdasarkan Akta Perjanjian PerwaliamanatanObligasi RCTI tahun 2003 No. 39 tanggal19 Agustus 2003 dari Imas Fatimah, SH., notarisdi Jakarta.

RCTI obtained an effective notice fromthe Chairman of BAPEPAM in his LetterNo. S-2484/PM/2003 dated October 13, 2003 forthe Public Offering of Bonds year 2003 of Rp 550billion. In relation to the issuance of the bonds,Bank Niaga acted as trustee, based on Deed ofTrust No. 39 on RCTI’s Bonds year 2003 datedAugust 19, 2003 of Notary Imas Fatimah, SH.,notary in Jakarta.




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Obligasi ini ditawarkan dengan nilai 100% darijumlah pokok obligasi dengan tingkat bunga tetapsebesar 13,5% per tahun. Bunga obligasidibayarkan setiap tiga bulan. Obligasi iniberjangka waktu lima tahun dengan opsi beli(pelunasan awal) secara prorata : (i) 40% darijumlah emisi pada ulang tahun kedua sejaktanggal emisi; (ii) 30% pada ulang tahun ketiga;dan (iii) 30% pada ulang tahun keempat. Opsi belitersebut dilakukan dengan harga 100% dari nilainominal. Pokok obligasi jatuh tempo dan dilunasipada tanggal 23 Oktober 2008.

The bonds were offered at 100% of the par value,with fixed interest rate at 13.5% per annum. Theinterest is payable on a quarterly basis. The bondswill mature in 5 years with purchase options (earlyredemption) on a prorata basis: (i) 40% of the totalpar value on the second year; (ii) 30% of the totalpar value on the third year; and (iii) 30% of thetotal par value on the fourth year. The redemptionprice is 100% of par value. The bonds principal isdue and payable on October 23, 2008.

RCTI telah memperoleh hasil pemeringkatan atasobligasi dari PT. Pemeringkat Efek Indonesia(PEFINDO) yaitu idA (Singel A; Stable Outlook).

RCTI obtained a bond rating of idA (single A;Stable Outlook) from PT. Pemeringkat EfekIndonesia (PEFINDO).

Obligasi ini dijamin dengan 75.450.000 sahamRCTI milik Perusahaan yang pada tanggal emisibernilai nominal Rp 1.000 per saham.

The bonds are secured by 75,450,000 shares ofRCTI owned by the Company with par value ofRp 1,000 per share on the date of issuance.

Pada tahun 2007 dan 2006, RCTI melakukanpelunasan awal obligasi masing-masing sebesarRp 165 miliar atau 30% dari jumlah obligasi yangditerbitkan.

In 2007 and 2006, RCTI early redeemed thebonds each amounting to Rp 165 billion or 30% ofthe bonds issued.

Guaranteed Secured Notes, US$ 168 juta

Pada tanggal 12 September 2006, MNC B.V.,anak perusahaan, menerbitkan GuaranteedSecured Notes (Notes) sejumlah US$ 168 juta,jatuh tempo 12 September 2011. Notes initercatat di Bursa Efek Singapura.

Guaranteed Secured Notes, US$ 168 million

On September 12, 2006, MNC B.V., a subsidiary,issued Guaranteed Secured Notes (the Notes)amounting to US$ 168 million, due onSeptember 12, 2011. The Notes are listed on theSingapore Stock Exchange.

Dalam rangka penerbitan obligasi ini, DBTrustees (Hong Kong) Limited bertindak sebagaiTrustee dan Security Trustee. Notes iniditawarkan pada 98,126% dari nilai nominaldengan tingkat bunga tetap sebesar 10,75% pertahun. Bunga obligasi dibayarkan setiap tanggal12 Maret dan 12 September dimulai sejak12 Maret 2007. Obligasi ini jatuh tempo12 September 2011 dengan opsi beli 35% darijumlah Notes, setiap saat sebelum tanggal12 September 2009 dengan harga 110,75% darinilai nominal ditambah bunga terhutang. MNCB.V. dapat membeli kembali seluruh atausebagian Notes tersebut sebelum jatuh tempodengan harga 100% nilai nominal ditambahdengan premi tertentu dan bunga terhutangsampai dengan tanggal pembelian kembali. MNCB.V. akan membeli kembali Notes dengan nilainominal sebesar US$ 25 juta dengan harga 101%dari nilai nominal, apabila Perusahaan gagalmeningkatkan kepemilikan saham pada Cipta TPImenjadi 100% sebelum atau pada tanggal12 Juni 2007.

In relation to the issuance of the Notes, DBTrustees (Hong Kong) Limited acted as Trusteeand Security Trustee. The Notes were offered at98.126% of face value with fixed interest rate of10.75% per annum. The interest on the Notes ispayable on March 12 and September 12 of eachyear, beginning on March 12, 2007. The Notes willmature on September 12, 2011 with purchaseoption up to 35% of the total face value of theNotes at anytime before September 12, 2009 atredemption price of 110.75% of face value plusinterest payable. MNC B.V. can redeem some orall of the Notes before maturity date at redemptionprice of 100% of face value plus premium andinterest payable as of the date of redemption. MNCB.V. will redeem US$ 25 million in principal amountof the Notes at redemption price equal to 101% ofsuch amount if the Company fails to increase itsequity interest in Cipta TPI to 100% on or prior toJune 12, 2007.

Notes ini telah memperoleh hasil pemeringkatanyaitu “B1” dari Moody’s Investors Service Inc. dan“B+” dari Standard and Poor’s Rating Group.

The Notes obtained a bond rating of “B1” fromMoody’s Investors Service Inc. and “B+” fromStandard and Poor’s Rating Group.




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Notes ini dijamin oleh Perusahaan dan anakperusahaan, yaitu RCTI, Cipta TPI, GIB, MNI,MNIG dan MNCN (Penjamin). Notes ini akandijaminkan dengan (i) seluruh saham yang dimilikioleh setiap Penjamin, sekitar 75% saham beredarRCTI dan Cipta TPI; (ii) pengalihan hak ataspinjaman antar perusahaan yang diberikan olehMNC B.V. kepada Perusahaan, RCTI dan CiptaTPI; (iii) pengalihan hak atas bank escrowsejumlah US$ 25 juta; dan (iv) pengalihan hakatas rekening bank MNC B.V. di Belanda.Sebagai tambahan, masing-masing sisa 25%saham RCTI dan 25% saham Cipta TPI akandijadikan jaminan pada saat Perusahaanmengakuisisi tambahan 25% saham Cipta TPI,serta 25% saham RCTI yang saat ini dijaminkanuntuk obligasi RCTI, pada saat saham tersebuttidak dijaminkan lagi untuk obligasi yangditerbitkan RCTI.

The Notes are guaranteed by the Company and itssubsidiaries, which are RCTI, Cipta TPI, GIB, MNI,MNIG and MNCN (Guarantors). The Notes will besecured initially by (i) pledge over all shares ofeach of the Guarantors, approximately 75% of theoutstanding shares of RCTI and approximately75% of the outstanding shares of Cipta TPI; (ii) anassignment by MNC B.V. of its interests and rightsunder the intercompany loans extended by MNCB.V. to the Company, RCTI and Cipta TPI; (iii)bank escrow of US$ 25 million; and (iv)assignment of rights in a Dutch bank account ofMNC B.V. Additionally, 25% of the outstandingshares of Cipta TPI shall be pledged when theCompany acquires such remaining stock of CiptaTPI, and the remaining 25% of the outstandingshares of RCTI which are currently pledged tosecure RCTI’s local bond obligations shall also beused as guarantee once the pledge over suchshares is no longer prohibited by the terms of theRCTI bonds.

Dana tersebut digunakan untuk pelunasanpinjaman RCTI kepada Deutsche Bank,Hong Kong Branch sebesar US$ 78 juta;pelunasan awal obligasi RCTI sebesar US$ 18juta; pembayaran hutang Cipta TPI kepada pihakketiga sebesar US$ 18 juta; dana untuk tambahanakuisisi 25% saham Cipta TPI sebesar US$ 25juta serta untuk modal kerja dan pengeluaranlainnya.

The proceeds were used to pay RCTI’s loan fromDeutsche Bank, Hong Kong Branch amounting toUS$ 78 million; early redemption of RCTI’s bondsamounting to US$ 18 million; payment of CiptaTPI’s payable to third parties amounting toUS$ 18 million; fund for additional acquisition costof 25% share interest in Cipta TPI amounting toUS$ 25 million, and also for working capitalpurposes and other expenditures.

Dana untuk akuisisi saham Cipta TPI sebesarUS$ 25 juta ditempatkan pada bank escrowdi afiliasi Deutsche Bank di Singapura dengantingkat bunga sebesar 7% per tahun untuk3 bulan pertama dan selanjutnya memiliki tingkatbunga 5,18% per tahun (Catatan 4). Pada tanggal31 Desember 2006, saldo bank escrow sebesarUS$ 25.500.243.

The fund for the acquisition of Cipta TPI sharesamounting to US$ 25 million is placed in a bankescrow account in an affiliate of Deutsche Bank inSingapore with interest rate of 7% per annum forthe first three months and 5.18% per annum for thenext periods (Note 4). As of December 31, 2006,bank escrow balance amounted toUS$ 25,500,243.

Dalam tiga bulan setelah tanggal penerbitan awal,Perusahaan belum meningkatkan kepemilikansaham di Cipta TPI. Pada bulan Juni 2007,Perusahaan membeli kembali Notes sebesarUS$ 25 juta dengan dana rekening bank escrowdi Deutsche Bank (Catatan 4) dan dikenakanbeban keuangan sebesar US$ 250.000. Dengandibelinya kembali notes tersebut, bank escrowdibebaskan sebagai jaminan. Saldo Notes padatanggal 31 Desember 2007 menjadi US$ 143 juta.

The Company had not increased its equity interestin Cipta TPI’s shares within three months of theoriginal issue date. In June 2007, the Companyredeemed the notes of US$ 25 million using thefund in a bank escrow account in Deutsche Bank(Note 4) and incurred financial charges ofUS$ 250,000. Upon redemption of the said notes,the bank escrow account was released ascollateral. The Notes amounted to US$ 143 millionas of December 31, 2007.

Biaya yang berhubungan dengan penerbitanNotes sebesar US$ 11.560.204, termasukdiskonto sebesar US$ 3.148.320 dicatat sebagaidiskonto dan biaya emisi pinjaman sertadiamortisasi secara garis lurus selama periodeNotes. Diskonto dan biaya emisi pinjaman yangbelum diamortisasi dicatat sebagai pengurangnilai nominal Notes.

The costs incurred in relation to the issuance of theNotes amounting to US$ 11,560,204, includingdiscount of US$ 3,148,320, were recorded asdiscount and debt issuance cost and amortizedusing straight line method over the term of theNotes. Unamortized discount and debt issuancecost are recorded as deduction from the Notes’face value.




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25. HAK MINORITAS 25. MINORITY INTERESTS

Hak minoritas atas aktiva bersih anak perusahaanadalah sebagai berikut:

Minority interests in net assets of subsidiaries areas follows:

2007 2006Rp Rp

Cipta TPI 43.113.556.071 25.050.150.688 Cipta TPIMNCN 2.997.749.047 2.002.868.183 MNCNCMI 1.420.267.403 - CMIJumlah 47.531.572.521 27.053.018.871 Total

Hak minoritas atas (laba) rugi bersih adalahsebagai berikut:

Minority interests in net (income) loss ofsubsidiaries are as follows:

2007 2006Rp Rp

MNCN 494.770.421 99.955.401 MNCNCMI 78.129.239 - CMICipta TPI (17.699.926.946) (19.111.736.035) Cipta TPIJumlah (17.127.027.286) (19.011.780.634) Total

26. MODAL SAHAM 26. CAPITAL STOCK

Persentase Jumlah modalpemilikan/ disetor/

Jumlah/ Percentage of Total paid-upSeries A Series B Total ownership capital stock

% Rp

PT Global Mediacom Tbk(dahulu/formerly PT BimantaraCitra Tbk) 4.324.999.000 5.299.999.298 9.624.998.298 69,9999 962.499.829.800

PT Infokom Elektrindo 1.000 702 1.702 0,0001 170.200Masyarakat/Public 1.375.000.000 2.750.000.000 4.125.000.000 30,0000 412.500.000.000Jumlah/Total 5.700.000.000 8.050.000.000 13.750.000.000 100,00000 1.375.000.000.000

2007Jumlah saham/

Number of sharesPemegang saham/

Name of stockholders

Jumlah Persentase Jumlah modalsaham/ pemilikan/ disetor/

Number of percentage of Total paid-upPemegang saham/Name of stockholders shares ownership capital stock

% Rp

PT Global Mediacom Tbk(dahulu/formerly PT Bimantara Citra Tbk) 5.699.999 99,99999 569.999.900.000

PT Infokom Elektrindo 1 0,00001 100.000Jumlah/Total 5.700.000 100,00000 570.000.000.000

2006




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Berdasarkan pernyataan keputusan pemegangsaham sebagaimana tercantum dalamAkta No. 167 tanggal 15 Desember 2006 dariAulia Taufani, SH, notaris pengganti Sutjipto, SH,notaris di Jakarta, para pemegang sahammenyetujui peningkatan modal ditempatkan dandisetor menjadi Rp 700 miliar melalui setorantunai oleh PT. Global Mediacom Tbk (Mediacom)sebesar Rp 110.242.864.000 dan uang mukasetoran modal Rp 19.757.136.000 telah disetujuioleh Menteri Hukum dan Hak Asasi ManusiaRepublik Indonesia dalam Surat KeputusanNo. W7-04148.HT.01.04-TH.2007 tanggal16 April 2007.

Based on the statement of the stockholders asstated in Deed No. 167 dated December 15, 2006of Aulia Taufani, SH, substitute of Sutjipto, SH,notary in Jakarta, the stockholders agreed toincrease the Company’s paid-up capital stock toRp 700 billion through cash payment ofRp 110,242,864,000 by PT. Global Mediacom Tbk(Mediacom) and advance for capital stocksubscription amounting to Rp 19,757,136,000which was approved by the Minister of Law andHuman Rights of the Republic of Indonesia in hisDecision Letter No. W7-04148 HT.01.04-TH.2007dated April 16, 2007.

Berdasarkan keputusan para pemegang sahamPerusahaan, sebagaimana tercantum dalam aktaPernyataan Keputusan Pemegang SahamPerubahan Anggaran Dasar No. 61 tanggal15 Maret 2007, dari Aulia Taufani, SH, penggantiSutjipto, SH, Notaris di Jakarta, para pemegangsaham Perusahaan telah mengambil keputusansebagai berikut:

Based on the Deed of the Stockholders’ Resolutionon the change in articles of association of theCompany No. 61 dated March 15, 2007 of AuliaTaufani, SH, substitute of Sutjipto, SH, notary inJakarta, the Company’s stockholders agreed onthe following, among others:

Dengan memperhatikan keputusan yangdimuat dalam Akta No. 167 tanggal15 Desember 2006, pemegang sahammenyetujui untuk meningkatkan modal dasarPerusahaan dari Rp 1,4 triliun menjadiRp 4 triliun dan peningkatan modal disetordari Rp 700 miliar menjadi Rp 1,1 triliundengan cara pelaksanaan kapitalisasi saldolaba sampai dengan 31 Desember 2006sebesar Rp 400 miliar.

To increase the Company’s authorizedcapital stock from Rp 1.4 trillion toRp 4 trillion and to increase the issued andpaid-up capital from Rp 700 billion toRp 1.1 trillion through the capitalization ofretained earnings up to December 31, 2006amounting to Rp 400 billion based onDeed No. 167 dated December 15, 2006.

Menyetujui pengeluaran saham baruPerusahaan berdasarkan akta No.167 dankeputusan point di atas yang diklasifikasikansaham Seri B Perusahaan dengan nilainominal Rp 100 per saham dan karenanyasaham yang merupakan setoran modal lamadiklasifikasikan saham Seri A Perusahaandengan nilai nominal Rp 100 per saham.

To issue new shares based on Deed No. 167and point above which were classified as theCompany’s Series B shares with par value ofRp 100 per share, and therefore, the previouspaid-up capital was classified as theCompany’s Series A shares with par value ofRp 100 per share.

Menyetujui untuk merubah sahamPerusahaan menjadi saham seri A dengannilai nominal Rp 100 per saham dan Seri Bdengan nilai nominal Rp 100 per saham.

To change the Company’s shares to Series Ashares with par value of Rp 100 per shareand Series B shares with par value of Rp 100per share.

Perubahan Anggaran Dasar Perusahaansehubungan dengan hal tersebut di atas telahmendapat persetujuan dari Menteri Hukum dan HakAsasi Manusia Republik Indonesia dalam SuratKeputusan No. W7-04148 HT.01.04-TH.2007tanggal 16 April 2007.

The above changes to the articles of associationhave been approved by the Minister of Law andHuman Rights of the Republic of Indonesia in hisdecision letter No. W7-04148 HT.01.04-TH.2007dated April 16, 2007.

Sebagai hasil dari perubahan pada AnggaranDasar, modal dasar dan disetor yang sebelumnyasebanyak 5.700.000 lembar dengan nilai nominalRp 100.000 per saham dikonversi menjadi sahamSeri A sebanyak 5.700.000.000 lembar dengannilai nominal Rp 100 per saham.

As a result of the above amendment on the articlesof association, the previous authorized and paid-upshares of 5,700,000 with par value of Rp 100,000was converted to Series A shares totalling to5,700,000,000 shares with par value of Rp 100.




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Berdasarkan Keputusan para pemegang sahamPerusahaan, sebagaimana tercantum dalam AktaPernyataan Keputusan Pemegang SahamPerubahan Anggaran Dasar No. 163 tanggal19 April 2007, dari Aulia Taufani, SH, penggantiSutjipto, SH, Notaris di Jakarta, para pemegangsaham Perusahaan telah mengambil keputusansebagai berikut:

Based on the statement of the stockholders asstated in Deed No. 163 dated April 19, 2007 ofAulia Taufani, SH, substitute of Sutjipto, SH, notaryin Jakarta, the stockholders of the Company,agreed on the following, among others:

Menyetujui perubahan status Perusahaandari Perseroan Terbatas biasa menjadiPerseroan Terbatas Terbuka (Tbk).

To change the Company’s status from privatecompany to public company.

Menyetujui perubahan nama Perusahaandari PT. Media Nusantara Citra menjadiPT. Media Nusantara Citra Tbk.

To change the Company’s name fromPT. Media Nusantara Citra toPT. Media Nusantara Citra Tbk.

Menyetujui penawaran saham Perusahaankepada masyarakat melalui penawaranumum di Pasar Modal maksimum4.125.000.000 saham biasa, yang terdiri daripenawaran saham milik Mediacommaksimum 1.375.000.000 saham biasa dan2.750.000.000 saham biasa baru dengannilai nominal Rp 100 per saham dankarenanya pemegang saham melepaskanhaknya untuk membeli terlebih dahulusaham-saham tersebut.

To offer the Company’s shares to the publicby public offering through the capital marketwith maximum of 4,125,000,000 (four billionone hundred twenty five million) shares ofcommon stock; transferring a maximum of1,375,000,000 shares presently owned byMediacom and issuance of 2,750,000,000new shares of common stock to the publicwith par value of Rp 100 per share, with theshareholders releasing their pre-emptiverights to purchase the shares.

Menyetujui untuk mengubah ketentuandalam anggaran dasar perusahaan sesuaidengan ketentuan Undang-undangNo. 8 tahun 1995 tentang Pasar Modal danKeputusan Ketua Badan Pengawas PasarModal No. KEP 13/PM/1997 tanggal 30 April1997 tentang Pokok-pokok Anggaran DasarPerusahaan yang Melakukan PenawaranUmum Efek Bersifat Ekuitas danPerusahaan Publik.

To change the Company’s articles ofassociation in relation to Law No. 8 year 1995regarding Capital Market and Decision ofChairman of the Capital Market SupervisoryAgency No. KEP 13/PM/1997 dated April 30,1997 regarding The Main Articles ofAssociation of Companies which Make PublicOffering of Equity Securities and PublicCompany.

Perubahan Anggaran Dasar Perusahaansehubungan dengan hal tersebut di atas telahmendapat persetujuan dari Menteri Hukum danHak Asasi Manusia Republik Indonesia dalamSurat Keputusan No. W7-04495.HT.01.04-TH.2007 tanggal 20 April 2007.

The above changes in the Company’s articles ofassociation were approved by the Minister of Lawand Human Rights of the Republic of Indonesia inhis Decision Letter No. W7-04495.HT.01.04-TH.2007 dated April 20, 2007.

27. TAMBAHAN MODAL DISETOR 27. ADDITIONAL PAID-UP CAPITAL

Akun ini merupakan tambahan modal disetoryang berasal dari penawaran umum terbatassaham tahun 2007, sebagai berikut:

This account represents additional paid-up capitalfrom public offering of shares in 2007, as follows:

Rp

Penerbitan saham baru melalui penawaran Issuance of new shares through publicumum saham tahun 2007 2.475.000.000.000 offering of shares in 2007

Dikurangi: Less:Nilai nominal saham (275.000.000.000) Par value of sharesBiaya emisi saham (116.696.627.665) Share issuance cost

Tambahan modal disetor 2.083.303.372.335 Additional paid-up capital




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28. UANG MUKA SETORAN MODAL 28. ADVANCE FOR CAPITAL STOCKSUBSCRIPTION

Akun ini merupakan uang muka setoran modaldari Mediacom sebesar Rp 130 miliar padatanggal 31 Desember 2006.

This account represents advance for capital stocksubscription from Mediacom as of December 31,2006 amounting to Rp 130 billion.

Pada tanggal 6 April 2007, uang muka setoranmodal telah digunakan Mediacom untukmeningkatkan kepemilikan sahamnya padaPerusahaan (Catatan 26).

On April 6, 2007, the advance for capital stocksubscription was used by Mediacom to increase itsshare ownership in the Company (Note 26).

29. SELISIH KURS PENJABARAN LAPORANKEUANGAN

29. TRANSLATION ADJUSTMENTS

Akun ini merupakan selisih kurs karenapenjabaran laporan keuangan MNC InternationalMiddle East Limited dan anak perusahaan.

This account represents foreign exchangedifference resulting from the translation of thefinancial statements of MNC International MiddleEast Limited and its subsidiaries.

30. PENDAPATAN USAHA 30. REVENUES

2007 2006Rp Rp

Iklan AdvertisementsTelevisi 2.535.891.122.228 1.938.487.946.717 TelevisionMedia cetak 76.230.728.105 33.847.498.122 PrintRadio 16.519.126.000 14.680.797.599 RadioSub jumlah 2.628.640.976.333 1.987.016.242.438 Subtotal

Non Iklan Non AdvertisementsTelevisi 219.786.111.871 67.173.580.049 TelevisionMedia cetak 58.738.556.544 40.971.144.380 PrintRadio 1.543.315.953 952.691.545 RadioSub jumlah 280.067.984.368 109.097.415.974 Subtotal

Jumlah 2.908.708.960.701 2.096.113.658.412 Total

Pendapatan usaha per pihak yang melebihi 10%dari jumlah pendapatan usaha bersih berasal dariPT. Wira Pamungkas Pariwara sebesarRp 357.282.350.627 atau 12% danRp 416.129.345.610 atau 20% dari jumlahpendapatan usaha masing-masing tahun 2007dan 2006.

Revenues from customers which individuallyrepresent more than 10% of the total revenuescome from PT. Wira Pamungkas Pariwaraamounting to Rp 357,282,350,627 or 12% andRp 416,129,345,610 or 20% of total revenues in2007 and 2006, respectively.

Pendapatan usaha dari pihak hubungan istimewasebesar Rp 275.077.623.051 tahun 2007 danRp 180.165.594.602 tahun 2006 (Catatan 40).

Revenues from related parties in 2007 and 2006amounted to Rp 275,077,623,051 andRp 180,165,594,602, respectively (Note 40).




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31. BEBAN LANGSUNG 31. DIRECT COSTS

2007 2006Rp Rp

Beban program dan penyiaran Program and broadcastingProgram dibeli 855.132.993.297 646.633.854.321 Program purchasesProduksi sendiri 314.977.858.850 235.544.233.226 In-house productionNickelodeon dan Nickelodeon and

program MTV 36.589.260.037 79.216.842.407 MTV programsLayanan pesan singkat 14.058.241.585 - Short messaging servicesJasa satelit dan transponder 8.454.299.185 18.334.096.308 Satellite and transponderRadio 4.885.174.309 3.830.942.945 RadioKaset dan rekaman 780.116.987 2.594.131.169 Cassettes and recordingLainnya 18.867.423.210 17.493.989.037 OthersSubjumlah 1.253.745.367.460 1.003.648.089.413 Subtotal

Media Cetak 97.953.375.213 73.180.345.544 PrintJumlah 1.351.698.742.673 1.076.828.434.957 Total

32. UMUM DAN ADMINISTRASI 32. GENERAL AND ADMINISTRATION

2007 2006Rp Rp

Gaji dan tunjangan 297.794.993.710 216.291.304.297 Salaries and allowancesPromosi dan periklanan 76.971.479.085 30.786.248.867 Advertising and promotionListrik 32.644.705.312 19.724.367.635 ElectricitySarana dan pemeliharaan 27.768.754.808 23.157.707.737 Facility and maintenanceSewa 26.955.138.358 12.948.131.313 RentalJasa profesi 14.087.309.020 8.439.734.632 Professional feesKomunikasi 13.830.172.846 6.754.953.343 CommunicationImbalan pasca kerja Post-employment benefits

(Catatan 38) 13.888.781.055 15.246.573.213 (Note 38)Perjalanan dinas 13.638.513.124 8.216.421.868 Travelling and transportationPerlengkapan dan alat kantor 12.897.450.318 9.369.708.040 Supplies and office equipmentPajak dan perijinan 11.858.528.852 3.509.120.623 Taxes and licensesKendaraan 8.690.217.794 7.530.408.066 Motor vehiclesAsuransi 3.466.282.785 2.804.636.947 InsurancePenagihan 2.073.926.484 2.519.636.335 CollectionLainnya 48.447.380.983 18.687.995.631 OthersJumlah 605.013.634.534 385.986.948.547 Total

33. PENYUSUTAN DAN AMORTISASI 33. DEPRECIATION AND AMORTIZATION

2007 2006Rp Rp

Penyusutan (Catatan 14 dan 15) 111.077.278.592 82.927.305.037 Depreciation (Notes 14 and 15)Amortisasi 533.537.001 1.703.483.790 Amortization

Jumlah 111.610.815.593 84.630.788.827 Total




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34. BEBAN BUNGA DAN KEUANGAN 34. INTEREST AND FINANCIAL CHARGES

2007 2006Rp Rp

Beban bunga 242.074.574.587 172.336.958.009 Interest expenseArrangement fee dan premi swap 13.108.756.920 33.513.853.323 Arrangement fee and swap premiumAmortisasi biaya emisi pinjaman 12.116.216.039 6.511.590.146 Amortization of debt issuance cost

Jumlah 267.299.547.546 212.362.401.478 Total

35. LAIN-LAIN - BERSIH 35. OTHERS – NET

2007 2006Rp Rp

Keuntungan pelepasan Gain on disposal of propertyaktiva tetap 295.271.447 1.678.937.433 and equipment

Surat ketetapan pajak kurang bayar - (9.901.668.402) Tax Underpayment Assessment LetterUnrealized gain from short-term

Hasil investasi jangka pendek 3.776.558.624 - investementsLain-lain (11.674.600.060) (461.689.268) Others

Jumlah (7.602.769.989) (8.684.420.237) Total

36. PAJAK PENGHASILAN 36. INCOME TAX

Beban (manfaat) pajak terdiri dari: Tax expense (benefit) consists of the following:

2007 2006Rp Rp

Pajak kini Current taxPerusahaan - 1.030.657.002 The CompanyAnak Perusahaan 134.954.918.402 80.141.457.204 Subsidiaries

Sub jumlah 134.954.918.402 81.172.114.206 SubtotalPajak tangguhan Deferred tax

Perusahaan (15.662.491.932) 6.041.404.361 The CompanyAnak Perusahaan 7.880.394.217 (10.814.005.311) Subsidiaries

Sub jumlah (7.782.097.715) (4.772.600.950) Subtotal

Jumlah 127.172.820.687 76.399.513.256 Total




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Pajak kini Current Tax

Rekonsiliasi antara laba sebelum pajak menurutlaporan laba rugi konsolidasi dan laba kena pajak(rugi fiskal) Perusahaan adalah sebagai berikut:

A reconciliation between income before tax perconsolidated statements of income and taxableincome (fiscal loss) of the Company is as follows:

2007 2006Rp Rp

Laba sebelum pajak menurut Income before tax per consolidatedlaporan laba rugi konsolidasi 571.759.518.733 385.000.984.244 statements of income

Laba sebelum pajak anak Income before taxperusahaan (494.603.957.089) (364.382.377.414) of subsidiaries

Laba sebelum pajak Perusahaan 77.155.561.644 20.618.606.830 Income before tax of the CompanyPerbedaan temporer Temporary differences

Imbalan pasca kerja 430.619.000 284.969.000 Post-employment benefitsAmortisasi biaya pinjaman (5.510.265.091) (2.480.287.487) Amortization of debt issuance costPenyusutan Depreciation of property

aktiva tetap (427.649.470) - and equipmentPerbedaan yang tidak dapat Nondeductible (nontaxable) items

diperhitungkan menurut fiskalKesejahteraan karyawan 1.214.232.100 - Employee welfareBeban bunga 28.046.070.230 - Interest expenseBeban pajak 11.836.421.457 - Tax expensesRepresentasi 336.725.317 928.207.230 RepresentationKeuntungan investasi (2.616.284.782) - Gain on investmentPenghasilan bunga (51.224.101.497) (194.204.921) Interest incomeBiaya emisi saham (116.696.627.665) - Share issuance costsLain-lain 1.480.430.186 2.279.261.518 Others

Laba kena pajak (rugi fiskal) Taxable income (fiscal loss)Perusahaan (55.974.868.571) 21.436.552.170 of the Company

Rugi fiskal tahun sebelumnya - (17.942.696.050) Prior year fiscal loss

Laba kena pajak (rugi fiskal) Taxable income (fiscal loss)Perusahaan (55.974.868.571) 3.493.856.120 of the Company

Beban pajak kini Current tax expense10% x Rp 50.000.000 - 5.000.000 10% x Rp 50,000,00015% x Rp 50.000.000 - 7.500.000 15% x Rp 50,000,00030% x Rp 3.393.000.000 tahun 2006 - 1.018.157.002 30% x Rp 3,393,000,000 in 2006

Jumlah - 1.030.657.002 Total




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Perhitungan beban dan hutang pajak kini adalahsebagai berikut:

Current tax expense and income tax payable arecomputed as follows:

2007 2006Rp Rp

Beban pajak kini Corporate income taxPerusahaan - 1.030.657.002 The CompanyAnak perusahaan 134.954.918.402 80.141.457.204 SubsidiariesSub jumlah 134.954.918.402 81.172.114.206 Subtotal

Dikurangi pembayaranpajak dimuka: Less income tax paid:Fiskal luar negeri (182.000.000) (116.000.000) FiscalPajak penghasilan Income taxes

Pasal 22 - (24.003.235) Article 22Pasal 23 (42.597.402.548) (2.544.434.773) Article 23Pasal 25 (74.997.360.690) (68.338.728.578) Article 25

Jumlah 17.178.155.164 10.148.947.620 Total

Terdiri dari : Consist of :Pajak lebih bayar perusahaan dan Income tax overpayment of

anak perusahaan (6.546.402.546) (809.131.297) the Company and subsidiariesHutang pajak kini 23.724.557.710 10.958.078.917 Current tax payableJumlah 17.178.155.164 10.148.947.620 Total

Laba kena pajak fiskal Perusahaan tahun 2006sudah sesuai dengan Surat Pemberitahuan Pajakyang disampaikan ke Kantor Pelayanan Pajak.

The Company’s taxable income for 2006 was inaccordance with the corporate tax returns filed withthe Tax Service Office.

Pajak tangguhan Deferred tax

Rincian aktiva (kewajiban) pajak tangguhanadalah sebagai berikut:

Details of deferred tax assets (liabilities) are asfollows:

2007 2006Rp Rp

Aktiva pajak tangguhan - bersih Deferred tax assets - netPerusahaan The Company

Amortisasi biaya pinjaman (2.397.165.773) - Amortization of debt issuance costKewajiban imbalan Post-employment

pasca kerja 267.447.600 - benefits obligationAkumulasi rugi fiskal 16.792.460.571 - Accumulated fiscal lossesAktiva tetap (128.294.841) - Property and equipment

Anak perusahaan SubsidiariesAkumulasi rugi fiskal 5.054.188.500 16.394.162.418 Accumulated fiscal lossAktiva tetap 4.684.004.066 Property and equipmentKewajiban imbalan Post-employment

pasca kerja 5.074.066.874 3.112.753.483 benefits obligationPenyisihan piutang ragu-ragu 2.644.858.883 1.545.305.845 Allowance for doubtful accountsAmortisasi biaya pinjaman (1.507.737.985) - Amortization of debt issuance costLain-lain 2.278.941.395 5.027.867.176 Others

Aktiva pajak tangguhan - bersih 32.762.769.290 26.080.088.922 Net deferred tax assets

Kewajiban pajak tangguhan - bersih Deferred tax liabilities - netPerusahaan The Company

Kewajiban imbalan Post-employment benefitspasca kerja - 138.261.900 obligation

Amortisasi biaya Amortization of debtpinjaman - (744.086.246) issuance cost

Aktiva tetap Property and equipmentAnak perusahaan Subsidiaries

Kewajiban imbalan pasca kerja 8.047.883.700 6.618.927.900 Post-employment benefits obligationInvestasi saham - 67.500.000 Investments in shares of stockAktiva tetap (9.446.750.718) (10.280.253.014) Property and equipmentAmortisasi biaya Amortization of debt

pinjaman (8.784.256.628) (7.875.540.425) issuance costLain-lain (312.334.040) - Others

Kewajiban pajak tangguhan - bersih (10.495.457.686) (12.075.189.885) Net deferred tax liabilities




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Rekonsiliasi antara beban (manfaat) pajak danhasil perkalian laba (rugi) akuntansi sebelumpajak dengan tarif pajak yang berlaku adalahsebagai berikut:

A reconciliation between the total tax expense(benefit) and the amounts computed by applyingthe prevailing tax rate to income (loss) before tax isas follows:

2007 2006Rp Rp

Laba sebelum pajak menurut laporan Income before tax perlaba rugi konsolidasi 571.759.518.733 385.000.984.244 consolidated statements

Laba sebelum pajak Income before tax ofanak perusahaan (494.603.957.089) (364.382.377.414) subsidiaries

Laba sebelum pajak Perusahaan 77.155.561.644 20.618.606.830 Income before tax of the Company

Beban pajak dengan tarif pajak Tax expense at prevailingyang berlaku 23.146.668.493 6.185.582.049 tax rates

Pengaruh pajak atas perbedaan Tax effect of non deductible expensesyang tidak dapat diperhitungkan (non taxable income)Kesejahteraan karyawan 364.269.630 - Employees welfareRepresentasi 101.017.595 278.462.169 RepresentationKeuntungan investasi (784.885.435) - Gain on investmentPenghasilan bunga (15.367.230.449) (58.261.476) Interest incomeBiaya emisi saham (35.008.988.300) - Share issuance costBeban bunga 8.413.821.069 - Interest expenseBeban pajak 3.550.926.437 - Tax expensesLain-lain 444.129.056 514.229.567 Others

Aktiva pajak tangguhan yang Derecognition (recognition) ofsebelumnya diakui previously recognized(tidak diakui) (522.220.029) 152.049.054 (unrecognized) deferred taxes

Beban (manfaat) pajak Perusahaan (15.662.491.933) 7.072.061.363 Tax expense (benefit) of the CompanyBeban pajak anak perusahaan 142.835.312.620 69.327.451.893 Tax expense of subsidiaries

Beban pajak - bersih 127.172.820.687 76.399.513.256 Tax expense - net

37. LABA PER SAHAM 37. EARNINGS PER SHARE

Berikut ini adalah data yang digunakan untukperhitungan laba per saham dasar:

Below are data used for the computation of basicearnings per share:

Laba Earnings

2007 2006Rp Rp

Laba bersih tahun berjalan 427.459.670.760 289.589.690.354 Net income for the year




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Jumlah Saham Number of Shares

Jumlah rata-rata tertimbang saham beredar(penyebut) untuk tujuan penghitungan laba persaham dasar adalah sebagai berikut:

The weighted average number of outstandingshares (denominator) for the computation of basicearnings per share are as follows:

2007 2006Lembar/Shares Lembar/Shares

Saldo awal tahun 5.700.000 5.700.000 Beginning balancePenerbitan saham baru Issuance of new shares

tahun berjalan 1.300.000 243.506 for the yearJumlah rata-rata tertimbang Total weighted average number

saham - nilai nominal of shares - Rp 100,000Rp 100.000 per saham 7.000.000 5.943.506 par value per shares

Perubahan nilai nominal saham Changes in par value per sharedari Rp 100.000 per saham menjadi from Rp 100,000 per share toRp 100 per saham tahun 2007 Rp 100 per share in 2007(Catatan 26) 7.000.000.000 5.943.506.000 (Note 26)

Kapitalisasi saldo Capitalization of retainedlaba (Catatan 26) 4.000.000.000 4.000.000.000 earnings (Note 26)

Rata-rata tertimbang saham yang Weighted average number of sharesditerbitkan melalui penawaran umum 1.521.917.808 - issued through public offering

Jumlah rata-rata tertimbang Total weighted average numbersaham untuk tujuan laba of shares for the purposes ofper saham dasar 12.521.917.808 9.943.506.000 basic earnings per share

Pada tahun 2007, Perusahaan telahmengkapitalisasi saldo laba sebesarRp 400 miliar menjadi modal ditempatkan dandisetor, serta merubah nilai nominal saham dariRp 100.000 per saham menjadi Rp 100 persaham. Untuk tujuan perhitungan jumlah rata-ratatertimbang saham beredar, kapitalisasi saldo laba(sebesar jumlah yang tersedia) dan perubahannilai nominal tersebut dianggap sudah terjadipada awal periode laporan keuangan terawaldisajikan. Oleh karena itu, laba per saham tahun2006 disajikan kembali.

In 2007, the Company has capitalized the retainedearnings of Rp 400 billion into issued and paid-upcapital stock and changed the par value of stockfrom Rp 100,000 per share into Rp 100 per share.For the purposes of calculating weighted averagenumber of outstanding shares, the capitalization ofthe retained earnings (to the extent of the availableamount) and the par value changes wereconsidered to have occurred at the beginning ofthe earliest period presented. Accordingly, the2006 earnings per share had been restated.

38. IMBALAN PASCA KERJA 38. POST-EMPLOYMENT BENEFITS

2007 2006Rp Rp

Program pensiun imbalan pasti 1.227.992.000 6.360.031.000 Defined benefit pension planImbalan pasca kerja lain 13.888.781.055 10.187.540.885 Other post-employment benefits

Jumlah 15.116.773.055 16.547.571.885 Total




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Beban imbalan pasca kerja Perusahaan dan anakperusahaan yang dibebankan ke beban langsungdan beban umum dan administrasi adalahsebagai berikut:

The Company and its subsidiaries’ employeebenefit expenses which were charged to directcosts and general and administration expenses areas follows:

2007 2006Rp Rp

Beban langsung 1.227.992.000 1.300.998.672 Direct costsUmum dan administrasi 13.888.781.055 15.246.573.213 General and administration

Jumlah 15.116.773.055 16.547.571.885 Total

Program Pensiun Imbalan Pasti Defined Benefit Pension Plan

RCTI menyelenggarakan program pensiunimbalan pasti untuk semua karyawan tetapnya.Program ini memberikan imbalan pasca kerjaberdasarkan penghasilan dasar pensiun danmasa kerja karyawan. Dana pensiun ini dikelolaoleh Dana Pensiun Bimantara (Danapera) yangakta pendiriannya telah disahkan oleh MenteriKeuangan Republik Indonesia dengan SuratKeputusan No. 382/KM.17/1996 tanggal15 Oktober 1996. Pendiri Danapera adalahMediacom dan RCTI merupakan mitra pendiri.Pendanaan program pensiun berasal darikontribusi RCTI dan karyawan masing-masingsebesar 9,75% dan 4% dari penghasilan dasarkaryawan.

RCTI established a defined benefit pension plancovering all its local permanent employees. Thisplan provides pension benefits based on years ofservice and salaries of the employees. Thepension plan is managed by Dana PensiunBimantara (Danapera) which deed ofestablishment was approved by the Minister ofFinance of the Republic of Indonesia in hisDecision Letter No. 382/KM.17/1996 datedOctober 15, 1996. Danapera’s founder isMediacom and RCTI as co-founder. The pensionplan is funded by contributions from both employerand employee at the rate of 9.75% and 4% of theemployee’s basic salary.

Beban imbalan pasca kerja yang diakui di laporanlaba rugi konsolidasi adalah sebagai berikut:

Amount charged to consolidated statements ofincome with respect to pension plan are as follows:

2007 2006Rp Rp

Biaya jasa kini 6.562.910.000 5.745.794.000 Current service costBiaya bunga 8.699.154.000 6.203.241.000 Interest expenseKerugian (keuntungan) aktuarial bersih (21.227.990.000) 498.838.000 Net actuarial losses (gain)Penyesuaian atas aktiva yang Adjustment for restriction

dibatasi penggunaannya 42.375.505.000 - on plan assetHasil yang diharapkan dari aktiva program (35.181.587.000) (6.087.842.000) Expected return on plan assetsJumlah 1.227.992.000 6.360.031.000 Total

Pada tanggal 31 Desember 2007 and 2006,beban pensiun masih harus dibayar (biayadibayar dimuka) adalah:

As of December 31, 2007 and 2006, accruedpension (prepaid expense) are as follows:

2007 2006Rp Rp

Nilai kini kewajiban 82.304.913.000 84.513.798.000 Present value of obligationsKerugian aktuarial belum diakui (3.184.269.000) (9.713.362.000) Unrecognized actuarial lossAktiva yang tidak diakui 42.375.505.000 3.449.240.000 Unrecognized assetsNilai wajar aktiva program (131.108.617.000) (78.249.676.000) Fair value of plan assetsAktiva bersih (9.612.468.000) - Net asset




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Mutasi beban pensiun masih harus dibayar (biayadibayar dimuka) adalah sebagai berikut:

Movements in accrued pension expense (prepaidexpense) are as follows:

2007 2006Rp Rp

Saldo awal tahun - - Balance at beginning of yearBeban pensiun 1.227.992.000 6.360.031.000 Amount charged to incomeAktiva yang diakui (3.449.240.000) - Recognized assetKontribusi dibayar (7.391.220.000) (2.910.791.000) Contributions paidAktiva yang tidak diakui - (3.449.240.000) Unrecognized assets

Saldo akhir tahun (9.612.468.000) - Balance at end of year

Aktiva program terutama terdiri dari rekeningbank, deposito berjangka dan sahamdiperdagangkan di bursa.

The pension plan assets consisted mainly of cashin banks, time deposits and shares of stock tradedin the stock exchange.

Program pensiun imbalan pasti dihitung olehPT. Dayamandiri Dharmakonsilindo, aktuarisindependen, menggunakan metode ProjectedUnit Credit dengan asumsi utama sebagai berikut:

The cost of providing the defined benefit pensionplan is calculated by PT. DayamandiriDharmakonsilindo, independent actuary, using theProjected Unit Credit method with the following keyassumptions:

2007 2006

Tingkat bunga per tahun 10,5% 10,5% Discount rate per annumTingkat kenaikan gaji per tahun 7,5% 7,5% Salary increment rate per annumTingkat mortalitas Commissioners Commissioners Mortality rate

Standard Ordinary Standard OrdinaryTables 1980 Tables 1980(CSO 1980) (CSO 1980)

Umur pensiun normal (tahun) 55 55 Normal pension age (years)

Imbalan Pasca Kerja Lain

Perusahaan dan anak perusahaan, kecuali RCTIdan anak perusahaan asing, mengakui kewajibanimbalan pasca kerja lain sesuai peraturan yangdidasarkan Undang-Undang Ketenagakerjaan.

Other Post-Employment Benefits

The Company and its subsidiaries, except for RCTIand foreign subsidiaries, recognized post-employment benefits obligation in accordance withtheir policy based on Labor Law.

RCTI mengakui tambahan kewajiban imbalanpasca kerja selain program pensiun, sesuaikebijakan berupa kekurangan antara imbalanpasca kerja berdasarkan program pensiundengan imbalan berdasarkan kebijakan RCTI.

RCTI also recognized the cost of providing post-employment benefits other than pension plan inaccordance with the policy which represents theshortage of benefits provided by the pension planand the benefits based on RCTI’s policy.

Imbalan Kerja Jangka Panjang Lainnya Other Long-term Benefits

RCTI memberikan imbalan kerja jangka panjanglainnya dalam bentuk cuti besar untuk tahun 2007dan 2006 masing-masing sebesarRp 854.262.000 dan Rp 2.178.414.000. Imbalankerja jangka panjang lainnya didasarkan padamasa kerja.

RCTI provides other long-term benefits such asgrand leaves amounting to Rp 854,262,000 andRp 2,178,414,000 in 2007 and 2006, respectively.Other long-term benefit was determined based onyears of service.

Pada tanggal 31 Desember 2007 dan 2006,kewajiban atas untuk imbalan kerja lainnyamasing-masing sebesar Rp 3.433.379.000 danRp 3.456.333.000.

As of December 31, 2007 and 2006, the liability forother long-term benefits amounted toRp 3,433,379,000 and Rp 3,456,333,000,respectively.




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Beban imbalan pasca-kerja lain dan imbalan kerjapanjang lainnya yang diakui di laporan laba rugikonsolidasi adalah:

Amounts recognized in the consolidatedstatements of income with respect to other post-employment benefits and other long-term benefitsare as follows:

2007 2006Rp Rp

Biaya jasa kini 9.262.799.130 6.447.530.453 Current service costBiaya bunga 4.577.363.063 2.413.158.261 Interest expenseBiaya jasa lalu 245.535.171 490.979.171 Past service costBiaya pemutusan kontrak kerja 347.718.000 835.873.000 Termination costKeuntungan aktuarial (544.634.309) - Actuarial gain

Jumlah 13.888.781.055 10.187.540.885 Total

Jumlah tercatat di neraca yang timbul dariimbalan pasca kerja lain dan imbalan kerja jangkapanjang lainnya Perusahaan dan anakperusahaan adalah sebagai berikut:

Amounts recognized in the consolidated balancesheets arising from the Company and itssubsidiaries obligation with respect to other post-employment benefits and other long-term benefitsare as follows:

2007 2006Rp Rp

Nilai kini kewajiban tanpa pendanaan 66.880.608.919 48.736.289.148 Present value of unfunded obligationKerugian aktuarial belum diakui (16.657.395.938) (8.992.412.772) Unrecognized actuarial lossBiaya jasa lalu belum diakui (5.900.737.224) (6.056.185.433) Unrecognized past service cost

Kewajiban bersih 44.322.475.757 33.687.690.943 Net liability

Mutasi kewajiban bersih di neraca konsolidasiadalah sebagai berikut:

Movement in the net liability recognized in theconsolidated balance sheets are as follows:

2007 2006Rp Rp

Saldo awal tahun 33.687.690.943 19.903.936.000 Beginning of the yearBeban tahun berjalan 13.888.781.055 10.187.540.885 Amount charged to incomePembayaran manfaat (3.253.996.241) (3.048.071.439) Benefits paymentPenambahan karena akuisisi - 6.644.285.497 Addition due to acquisition

Jumlah 44.322.475.757 33.687.690.943 Total

Perhitungan imbalan pasca kerja lain dihitungoleh PT. Eldridge Gunaprima Solution danPT. Dayamandiri Dharmakonsilindo, aktuarisindependen, dengan menggunakan asumsiutama sebagai berikut:

The cost of providing other post-employmentbenefits is calculated by PT. Eldridge GunaprimaSolution and PT. Dayamandiri Dharmakonsilindoindependent actuaries, using the followingassumptions:

2007 2006

Tingkat diskonto per tahun 10% - 12% 10,5% - 12% Discount rate per annumTingkat kenaikan gaji per tahun 6% - 8% 8,5% - 10% Salary increment rate per annumTingkat mortalitas CSO 1980 dan/and TMII CSO 1980 Mortality rateUmur pensiun normal (tahun) 55 55 Normal retirement age (years)




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39. AKUISISI ANAK PERUSAHAAN 39. ACQUISITIONS OF SUBSIDIARIES

Tahun 2007

Pada bulan September 2007, Perusahaanmenukar oblligasi wajib tukar sebesarRp 39,4 miliar dengan 3.199.999 saham atau99,99% saham CMI. Akuisisi inidipertanggungjawabkan dengan metodepembelian berdasarkan nilai wajar aktiva bersihCMI pada tanggal 30 September 2007.

In 2007

In September 2007, the Company exchanged theMandatory Exchangeable Bonds of Rp 39.4 billioninto 3,199,999 shares or 99.99% of the issuedcapital stock of CMI. This acquisition wasaccounted for using the purchase method basedon the fair value of the net assets of CMI as ofSeptember 30, 2007.

Rp

Nilai wajar aktiva bersih diperoleh 20.738.742.241 Fair value of the net assets acquiredGoodwill (Catatan 16) 18.636.257.759 Goodwill (Note 16)Jumlah biaya perolehan 39.375.000.000 Total acquisition costs

Penyelesaian biaya perolehan Settlement of acquisition costKonversi obligasi wajib tukar Conversion of mandatory exchageable

dan kas 39.375.000.000 bonds and cash

Arus kas keluar bersih sehubungandengan akuisisi Net cash outflow for the acquisitionPembayaran biaya akuisisi (7.875.000.000) Payment of acquisition costKas dan setara kas diperoleh 8.781.715.036 Cash and cash equivalents acquiredArus kas masuk bersih 906.715.036 Net cash inflow

CMI memberikan kontribusi pendapatan sebesarRp 124.089.209.534 dan laba bersih sebesarRp 27.583.627.556 terhadap laporan keuangankonsolidasi Perusahaan dan anak perusahaanuntuk periode 1 September 2007 sampai dengan31 Desember 2007.

CMI contributed revenue of Rp 124,089,209,534and net income of Rp 27,583,627,556 on theconsolidated financial statements for the periodfrom September 1, 2007 to December 31, 2007.

Pada tahun 2007, MNCN mengakuisisi beberapaanak perusahaan yang bergerak di bidang usahapenyiaran dengan biaya perolehanRp 3.113.500.000. Akuisisi inidipertanggungjawabkan dengan metodepembelian yang menghasilkan goodwill sebesarRp 3.010.651.284.

In 2007, MNCN acquired several subsidiarieswhich engaged in broadcasting business withacquisition cost of Rp 3,113,500,000. Thisacquisition was accounted for using the purchasemethod which resulted to a goodwill ofRp 3,010,651,284.

Tahun 2006

Perusahaan mengakuisisi sejumlah1.235.100.000 saham Seri B dan 1.940.344.993saham Seri C atau 75% saham Cipta TPI denganbiaya perolehan Rp 260 miliar. Akuisisi inidipertanggungjawabkan dengan metodepembelian berdasarkan nilai wajar aktiva bersihCipta TPI pada tanggal 30 Juni 2006.

In 2006

In July 2006, the Company acquired1,235,100,000 class B shares and 1,940,344,993class C shares or equivalent to 75% ownership inthe issued capital stock of Cipta TPI for a totalpurchase price of Rp 260 billion. This acquisitionwas accounted for using the purchase methodbased on the fair value of the net assets of CiptaTPI as of June 30, 2006.

Rp

Nilai wajar aktiva bersih diperoleh 17.282.150.901 Fair value of the net assets acquiredGoodwill (Catatan 16) 242.717.849.099 Goodwill (Note 16)Jumlah biaya perolehan 260.000.000.000 Total acquisition costs

Penyelesaian biaya perolehan Settlement of acquisition costDibayar secara tunai 260.000.000.000 Cash settlement

Arus kas keluar bersih sehubungandengan akuisisi Net cash outflow for the acquisitionPembayaran biaya akuisisi (260.000.000.000) Payment of acquisition costKas dan setara kas diperoleh 5.173.320.000 Cash and cash equivalents acquiredArus kas keluar bersih (254.826.680.000) Net cash outflow




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Cipta TPI memberikan kontribusi pendapatansebesar Rp 300.742.139.756 dan laba bersihsebesar Rp 57.868.294.929 terhadap laporankeuangan konsolidasi Perusahaan dan anakperusahaan untuk periode 1 Juli 2006 sampaidengan 31 Desember 2006.

Cipta TPI contributed revenue ofRp 300,742,139,756 and net income ofRp 57,868,294,929 on the consolidated financialstatements for the period from July 1, 2006 toDecember 31, 2006.

Pada bulan Agustus 2006, Perusahaanmengakuisisi 180 lembar saham MNC B.V.dengan biaya perolehan sebesar Rp 151.631.148.Akuisisi ini dipertanggungjawabkan denganmetode pembelian berdasarkan nilai wajar aktivabersih MNC B.V. pada tanggal 31 Agustus 2006.

In August 2006, the Company acquired 180 sharesof issued capital stock of MNC B.V. withacquisition cost amounting to Rp 151,631,148.This acquisition was accounted for using thepurchase method based on the fair value of netassets of MNC B.V. as of August 31, 2006.

Pada bulan Desember 2006, MNCN mengakuisisi299 lembar saham RCA dengan biaya perolehanRp 1.500.000.000. Akuisisi inidipertanggungjawabkan dengan metodepembelian yang menghasilkan goodwill sebesarRp 6.074.602.861.

In December 2006, MNCN acquired 299 shares ofissued capital stock of RCA with acquisition cost ofRp 1,500,000,000. This acquisition was accountedfor using the purchase method which resulted to agoodwill of Rp 6,074,602,861.

40. SIFAT DAN TRANSAKSI HUBUNGANISTIMEWA

40. NATURE OF RELATIONSHIP ANDTRANSACTIONS WITH RELATED PARTIES

Sifat Hubungan Istimewa Nature of Relationship

a. Mediacom merupakan pemegang sahammayoritas Perusahaan.

a. Mediacom is the majority stockholder of theCompany.

b. Mediacom juga merupakan pemegangsaham mayoritas PT. MNC Sky Vision (MNCSV), Infokom dan PT. Mobile-8 Telecom Tbk(Mobile-8).

b. Mediacom is also the majority stockholder ofPT. MNC Sky Vision (MNC SV), Infokom andPT. Mobile-8 Telecom Tbk (Mobile-8).

c. PT. Bhakti Investama Tbk (Bhakti)merupakan pemegang saham utamaMediacom. PT. Bhakti Capital Indonesia,PT. Bhakti Finance dan PT. Bhakti Securities(BSec) merupakan pihak hubungan istimewakarena pemegang sahamnya sama ataupada akhirnya sama dengan pemegangsaham utama Perusahaan.

c. PT. Bhakti Investama Tbk (Bhakti) is theultimate stockholder of Mediacom. PT. BhaktiCapital Indonesia, PT. Bhakti Finance andPT. Bhakti Securities (BSec) are relatedparties that have the same stockholder orultimate stockholder as the Company.

d. RCTI merupakan pendiri Koperasi KaryawanRCTI.

d. RCTI is the founder of Koperasi KaryawanRCTI.

e. PT. Usaha Gedung Bimantara merupakanperusahaan yang sebagian pengurus ataumanajemennya sama dengan Perusahaan.

e. PT. Usaha Gedung Bimantara has the samemembers of management as the Company.

f. CMI merupakan pemegang saham mayoritasPT. Mediate Indonesia dan PT. Optima MediaDinamika.

f. CMI is the majority stockholder of PT MediateIndonesia and PT. Optima Media Dinamika.

g. PT. Radio Garda Asia Bumi dan PT RadioArief Rachman Hakim merupakanperusahaan yang sebagian pengurus ataumanajemennya sama dengan MNCN.

g. PT. Radio Garda Asia Bumi and PT. RadioArief Rachman Hakim has the same membersof management as MNCN.




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Transaksi dan Saldo Hubungan Istimewa

a. Dalam kegiatan usahanya, Perusahaan dananak perusahaan memperoleh pendapatanusaha dari pemasangan iklan dan layananpesan singkat dari pihak hubungan istimewayang dilakukan dengan syarat-syarat normalsebagaimana halnya transaksi dengan pihakketiga. Rincian pendapatan dan piutangusaha hubungan istimewa adalah sebagaiberikut:

Transactions and Balances with Related Parties

a. In the normal course of business, theCompany and its subsidiaries obtainedrevenues from advertisement and shortmessaging services with related parties which,according to management were made atnormal terms and conditions as those donewith third parties. The details of revenues andaccounts receivable with related parties are asfollows:

Pendapatan/ Piutang usaha/ Pendapatan/ Piutang usaha/Revenues Accounts receivable Revenues Accounts receivable

Rp Rp Rp Rp

PT Optima Media Dinamika 134.084.919.731 60.838.970.057 111.528.551.302 71.879.602.481PT Infokom Elektrindo 69.344.841.606 74.733.170.620 40.348.168.770 35.316.614.951PT MNC Sky Vision 29.696.430.198 62.123.564.114 16.663.631.829 32.478.741.043PT Mobile-8 Telecom Tbk 38.356.456.016 21.852.995.390 11.444.222.701 12.422.340.866Lainnya/Others 3.594.975.500 467.806.407 181.020.000 126.742.000Jumlah/Total 275.077.623.051 220.016.506.588 180.165.594.602 152.224.041.341

Persentase terhadaptotal pendapatan/Percentage oftotal revenue 9,46% 8,60%

Persentase terhadap total aktiva/Percentage of total assets 3,44% 4,27%

2007 2006

b. Pada tahun 2005, GIB mengadakankerjasama pembangunan dan pemberianjasa layanan operasional stasiun transmisidengan Infokom, dengan jangka waktu7 tahun (Catatan 44b). Pembayaran ataskerjasama tersebut pada tanggal31 Desember 2007 dan 2006 masing-masingsebesar Rp 42.431.889.898 danRp 14.009.963.813 dicatat sebagai bagiandari uang muka sewa transmisi dan menara(Catatan 17).

b. In 2005, GIB entered into a cooperationagreement in developing and servicingoperational transmission station with Infokom,with a term of 7 years (Note 44b). As ofDecember 31, 2007 and 2006, the Companyhad paid advances amounting toRp 42,431,889,898 and Rp 14,009,963,813,respectively, which were recorded as part ofadvances for transmission and tower rental(Note 17).

c. Perusahaan dan anak perusahaan jugamempunyai transaksi lain dengan pihakhubungan istimewa yaitu:

c. The Company and its subsidiaries alsoentered into other transactions with relatedparties among others, as follows:

Pemberian/penerimaan pinjaman danatanpa bunga atas pembayaran lebihdahulu biaya Perusahaan dan anakperusahaan oleh pihak hubunganistimewa atau sebaliknya.

Obtaining/providing non-interest bearingloans arising from advance payments ofexpenses of the Company and itssubsidiaries paid by related parties or viceversa.

RCTI mempunyai hubungan rekeningkoran dengan Koperasi Karyawan RCTI.

RCTI has current accounts with KoperasiKaryawan RCTI.

Perusahaan menunjuk BSec sebagaipenjamin untuk penawaran perdanasaham Perusahaan. Biaya-biaya yangterjadi dalam kegiatan tersebutmerupakan bagian dari biaya penerbitansaham.

The Company engaged BSec to performunderwriting activities in relation to theCompany’s initial public offering ofshares. Such costs incurred wereconsidered as part of the shares’issuance cost.




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Perusahaan, MNI, MNIG dan MNCNmempunyai transaksi pembiayaanpembelian aktiva tetap denganPT. Bhakti Finance.

Perusahaan mempunyai hutang kepadaPT Infokom Elektrindo atas biayaperawatan peralatan studio.

The Company, MNI, MNIG and MNCNentered into a financing transactions onthe purchase of property and equipmentwith PT. Bhakti Finance.

The Company has a payable to PT InfokomElektrindo for studio equipmentmaintenance.

Pada tanggal 31 Desember 2007 and 2006,jumlah piutang dan hutang pihak hubunganistimewa adalah sebagai berikut:

As of December 31, 2007 and 2006, accountsreceivable from and accounts payable to relatedparties were as follows:

Piutang dari pihak hubungan istimewa Accounts receivable from related parties

2007 2006Rp Rp

PT Infokom Elektrindo 1.967.209.597 - PT Infokom ElektrindoPT Mobile-8 Telecom Tbk 113.350.000 - PT Mobile-8 Telecom TbkPT MNC Sky Vision 39.825.315 - PT MNC Sky VisionPT Radio Garda Asia Bumi - 3.879.572.767 PT Radio Garda Asia BumiPT Radio Arief Rachman Hakim - 2.881.293.581 PT Radio Arief Rachman HakimLainnya, masing-masing Others, below

dibawah Rp 1 miliar 1.817.758.717 1.071.485.283 Rp 1 billion eachJumlah 3.938.143.629 7.832.351.631 Total

Manajemen berkeyakinan bahwa seluruh piutangpihak hubungan istimewa akan tertagih sehinggaPerusahaan tidak membentuk penyisihan piutangragu-ragu.

Management believes that receivables fromrelated parties are collectible, thus, no allowancefor doubtful accounts was provided.

Hutang kepada pihak hubungan istimewa Accounts payable to related parties

2007 2006Rp Rp

PT Global Mediacom Tbk 1.354.934.133 368.550.000 PT Global Mediacom TbkPT Infokom Elektrindo 1.153.489.066 2.837.196.373 PT Infokom ElektrindoPT Mobile-8 Telecom Tbk 209.105.000 3.106.800.000 PT Mobile-8 Telecom TbkLainnya - 42.287.147 OthersJumlah 2.717.528.199 6.354.833.520 Total

d. Perusahaan dan anak perusahaan jugamempunyai transaksi lain dengan pihakhubungan istimewa yang dijelaskan diCatatan 7 dan 22.

d. The Company and its subsidiaries alsoentered into other related parties transactionas mentioned in Notes 7 and 22.

41. INFORMASI SEGMEN 41. SEGMENT INFORMATION

Segmen Usaha

Segmen usaha Perusahaan dan anakperusahaan ditetapkan berdasarkanpertimbangan risiko dan hasil terkait dengan jasayang diberikan yaitu televisi, radio, media cetakdan agensi periklanan.

Business Segment

The business segment of the Company and itssubsidiaries are presented based on assessmentof risks and rewards of related services which aretelevision, radio, print media and advertisingagency.




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Informasi segmen usaha Perusahaan dan anakperusahaan adalah sebagai berikut:

The segment information of the Company and itssubsidiaries are as follows:

Televisi/ Radio/ MediaCetak/ Agensi periklanan/ Eliminasi/ Jumlah/Television Radio Print AdvertisingAgency Elimination Total

Rp Rp Rp Rp Rp Rp

PENDAPATAN REVENUESPendapataneksternal 2.632.439.325.991 17.211.140.527 134.969.284.649 124.089.209.534 - 2.908.708.960.701 External revenuesPendapatanantar segmen - 1.384.793.897 27.445.673.262 44.299.999.393 (73.130.466.552) - Intersegment revenuesJumlahpendapatan 2.632.439.325.991 18.595.934.424 162.414.957.911 168.389.208.927 (73.130.466.552) 2.908.708.960.701 Total revenues

HASIL(RUGI) SEGMEN 838.008.199.890 (3.522.538.879) 3.459.988.386 2.440.118.504 - 840.385.767.901 SEGMENTRESULTS(LOSS)Labausaha 840.385.767.901 IncomefromoperationsPenghasilanbunga 94.064.541.823 237.957.937 645.780.851 189.225.269 - 95.137.505.880 Interest incomeBebanbungadankeuangan (260.145.243.261) (2.594.560.924) (4.414.779.999) (144.963.362) - (267.299.547.546) Interest expenseandfinancial chargesKerugiankurs Losson

matauangasing (72.957.051.913) (230.063.231) (25.764.331) 70.456.971 - (73.142.422.504) foreignexchangeAmortisasi goodwill (13.476.985.964) (1.839.205.754) - (437.971.577) - (15.754.163.295) Goodwill amortizationBagianlababersih Equity innet income

perusahaanasosiasi - - - - - 35.148.286 of associatesBebanlain-lainbersih Unallocatedother

tidakdapat dialokasi (7.602.769.989) expenses-netManfaat (beban) pajak (127.975.479.282) 2.044.743.143 (757.696.432) (484.388.116) - (127.172.820.687) Taxbenefit (expense)Labasebelumhakminoritas 444.586.698.046 Incomebeforeminority interestsHakminoritas (17.127.027.286) Minority interests

Lababersih 427.459.670.760 Net income

INFORMASI LAINNYA OTHERINFORMATIONAKTIVA ASSETSAktivasegmen 9.984.853.810.448 80.690.086.780 164.493.256.061 134.814.931.680 (3.976.625.367.538) 6.388.226.717.431 Segment assetsJumlahaktivakonsolidasi 6.388.226.717.431 ConsolidatedTotal Assets

KEWAJIBAN LIABILITIESKewajibansegmen 4.092.672.843.370 39.148.331.149 77.197.069.009 110.955.867.062 (1.868.613.320.673) 2.451.360.789.917 Segment liabilitiesJumlahkewajibankonsolidasi 2.451.360.789.917 ConsolidatedTotal Liabilities

Penyusutandanamortisasi 105.545.067.852 2.347.585.180 3.674.352.372 43.810.189 - 111.610.815.593 DepreciationandamortizationBebannonkasselainyang Non-cashexpensesother than

penyusutandanamortisasi 26.097.898.614 1.839.205.754 830.002.000 660.090.577 - 29.427.196.945 depreciationandamortizationJumlah 141.038.012.538 Total

2007




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Televisi/ Radio/ Media Cetak/ Eliminasi/ Jumlah/Television Radio Print Elimination Total

Rp Rp Rp Rp Rp

PENDAPATAN REVENUESPendapatan eksternal 2.005.661.526.765 15.633.489.144 74.818.642.503 - 2.096.113.658.412 External revenuesPendapatan antar segmen - - 31.552.375.409 (31.552.375.409) - Intersegment revenuesJumlah pendapatan 2.005.661.526.765 15.633.489.144 106.371.017.912 (31.552.375.409) 2.096.113.658.412 Total revenues

HASIL (RUGI) SEGMEN 551.474.313.741 (4.939.951.564) 2.133.123.904 - 548.667.486.081 SEGMENT RESULTS (LOSS)Laba usaha 548.667.486.081 Income fromoperationsPenghasilan bunga 12.354.311.404 - 650.507.574 - 13.004.818.978 Interest incomeBeban bunga dan keuangan (209.468.634.614) (1.025.940.582) (1.867.826.282) - (212.362.401.478) Interest expense and financial chargesKeuntungan kurs Gain on

mata uang asing 51.622.752.306 211.602.234 318.548.102 - 52.152.902.642 foreign exchangeAmortisasi goodwill (6.251.783.693) (1.525.618.049) - - (7.777.401.742) Goodwill amortizationBeban lain-lain bersih Unallocated other

tidak dapat dialokasi - - - - (8.684.420.237) expenses - netManfaat (beban) pajak (78.509.586.134) 1.375.356.268 734.716.610 - (76.399.513.256) Tax benefit (expense)Laba sebelumhak minoritas 308.601.470.988 Income before minority interestsHak minoritas (19.011.780.634) Minority interests

Laba bersih 289.589.690.354 Net income

INFORMASI LAINNYA OTHER INFORMATIONAKTIVA ASSETSAktiva segmen 4.755.641.224.138 81.237.127.917 132.521.263.438 (1.402.055.001.863) 3.567.344.613.630 Segment assetsJumlah aktiva konsolidasi 3.567.344.613.630 Consolidated Total Assets

KEWAJIBAN LIABILITIESKewajiban segmen 2.665.265.946.828 39.264.078.764 60.842.910.810 (327.965.340.225) 2.437.407.596.177 Segment liabilitiesJumlah kewajiban konsolidasi 2.437.407.596.177 Consolidated Total Liabilities

Penyusutan dan amortisasi 80.612.858.090 1.717.229.477 2.300.701.260 - 84.630.788.827 Depreciation and amortizationBeban non kas selain Non-cash expenses other than

penyusutan dan amortisasi 19.719.208.577 2.050.273.049 65.470.000 - 21.834.951.626 depreciation and amortizationJumlah 106.465.740.453 Total

2006

Segmen Geografis

Perusahaan dan anak perusahaan domestikberoperasi terutama di Jakarta. Anak perusahaandengan kegiatan usaha radio yang beroperasi diluar Jakarta adalah RPBS, RM, RSCR, RE danRCA. Anak perusahaan asing adalah MNC B.V.dan MNC International Middle East Limited dananak perusahaan. Jumlah aktiva dan jumlahpendapatan usaha anak perusahaan tersebuttidak material terhadap jumlah aktiva konsolidasidan jumlah pendapatan konsolidasi. Dengandemikian, Perusahaan dan anak perusahaantidak menyajikan segmen geografis.

Geographical Segment

The Company and its domestic subsidiariesoperations are located in Jakarta. Subsidiaries withradio activities which are outside Jakarta areRBPS, RM, RSCR, RE and RCA. The foreignsubsidiaries are MNC B.V. and MNC InternationalMiddle East Limited and its subsidiaries. Totalassets and total revenues from these subsidiariesare not material as compared to the consolidatedtotal assets and consolidated total revenues,respectively. Therefore, the Company and itssubsidiaries did not present geographicalsegments.

42. INSTRUMEN KEUANGAN DERIVATIF 42. DERIVATIVE FINANCIAL INSTRUMENT

Pada tanggal 12 September 2006, MNC B.V. danDeutsche Bank AG, Singapura (DB) mengadakankontrak USD IDR non-deliverable foreignexchange hedge transaction untuk mengelolarisiko pergerakan mata uang asing dengan jumlahnotional US$ 100 juta, jatuh tempo12 September 2011. Tidak terdapat pembayaranpremi opsi pada awal kontrak, tetapi untukmembeli opsi tersebut, MNC B.V. harusmelakukan satu seri pembayaran bungaberdasarkan suatu jumlah notional dalam Yen,dengan suatu potensi pembayaran oleh DB padasaat jatuh tempo, dimana DB akan melakukanpenyelesaian secara kas dalam USD atas jumlahnotional US$ 100 juta, tergantung pada kursUSD/IDR pada saat jatuh tempo dan strike priceyang ditentukan dalam kontrak. MNC B.V. dapatmengakhiri kontrak tersebut secara tahunan.Pada tanggal 12 Desember 2007, MNC B.V.mengalihkan hak dan kewajibannya padatransaksi lindung nilai kepada Perusahaan.

On September 12, 2006, MNC B.V. and DeutscheBank AG, Singapore (DB) entered into a USD IDRnon-deliverable foreign exchange hedgetransaction to manage the exposure to foreigncurrency movement with notional amount ofUS$ 100 million due on September 12, 2011.There is no option premium paid up-front, but forbuying the option, MNC B.V. has to pay a series ofquarterly interest payments based on a Yennotional amount, with a potential pay out from DBin which DB will pay MNC B.V. on maturity date aUSD cash settlement based on a notional amountof US$ 100 million, depending on the USD/IDRexchange rate and the strike price specified in thecontract. This contract can be preterminated byMNC B.V. on a yearly basis. On December 12,2007, MNC B.V. transferred its rights andobligations under the hedge transaction to theCompany.




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43. AKTIVA DAN KEWAJIBAN MONETER DALAMMATA UANG ASING

43. MONETARY ASSETS AND LIABILITIESDENOMINATED IN FOREIGN CURRENCIES

Perusahaan dan anak perusahaan mempunyaiaktiva dan kewajiban moneter dalam mata uangasing sebagai berikut:

The Company and its subsidiaries had monetaryassets and liabilities denominated in foreigncurrencies, as follows:

Mata Uang Mata UangAsing/ Ekuivalen/ Asing/ Ekuivalen/

Foreign Equivalent Foreign Equivalentcurrencies Rp currencies Rp

Aktiva AssetsKas dan setara kas USD 20.975.490 197.568.132.722 7.778.156 70.158.964.774 Cash and cash equivalents

EUR 75 1.037.349 1.166 13.823.292RM 8.566 24.225.676 8.572 21.891.259JPY 578.151 48.021.264 189.100 14.332.891SGD 1.535 9.981.321 1.758 10.335.789HKD 926 1.117.354 927 1.075.120GBP 1.305 24.539.062 73 1.298.776

Investasi jangka pendek USD 700.000 6.593.300.000 - - Short-term investmentsBank escrow USD - - 25.500.243 230.012.191.741 Bank escrowPiutang usaha USD 8.774.612 82.648.068.035 5.997 54.092.940 Trade accounts receivable

EUR 1.100 15.136.000 1.100 13.043.965Piutang lain-lain USD 5.353.026 50.420.151.894 358.505 3.233.715.100 Other accounts receivable

SGD 176 1.144.419 - -RM 1.701 4.810.632 - -

Uang muka dan biaya Advanced and prepaiddibayar dimuka USD 82.430.775 776.415.466.506 expenses

GBP 45 840.319 - -Piutang hubungan istimewa SGD 176 1.144.419 - - Related parties receivable

JPY 197.465.724 16.401.503.035 - -Aktiva lain-lain USD - - 138.360 1.248.007.200 Other assetsJumlah aktiva 1.130.178.620.007 304.782.772.847 Total assets

Kewajiban LiabilitiesHutang usaha USD 6.778.918 63.850.637.885 3.814.762 34.409.157.446 Trade accounts payable

EUR 363.033 4.994.965.423 33.175 393.394.126GBP 1.535 28.859.091 2.229 39.451.767JPY - - 735.240 55.731.192SGD 8.832 57.424.255 634 3.727.149

Biaya masih harus dibayar USD 4.374.453 41.202.974.645 5.568.333 50.226.366.667 Accrued expensesEUR 183.553 2.525.504.191 - -

Hutang lain-lain USD 451.997 4.257.357.734 468.145 4.222.670.335 Other accounts payableSGD 165 1.069.837EUR 46.564 640.675.116 - -GBP 1.341 25.222.988

Hutang obligasi - bersih USD 136.155.182 1.282.445.659.945 157.153.196 1.417.521.828.613 Bonds payable - netJumlah kewajiban 1.400.030.351.110 1.506.872.327.295 Total liabilities

Jumlah Kewajiban Bersih (269.851.731.103) (1.202.089.554.448) Net Liabilities

20062007

Pada tanggal 31 Desember 2007 dan 2006, kurskonversi yang digunakan Perusahaan dan anakperusahaan adalah sebagai berikut:

The conversion rates used by the Company and itssubsidiaries as of December 31, 2007 and 2006were as follows:

2007 2006Rp Rp

GBP 1 18.804 17.697 1 GBPEuro 1 13.759 11.858 1 EuroUSD 1 9.419 9.020 1 USDSGD 1 6.502 5.879 1 SGDRM 1 2.828 2.554 1 RMHKD 1 1.207 1.160 1 HKDJPY 100 8.306 7.580 100 JPY

31 Desember/December 31




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Pada tahun 2007, Perusahaan dan anakperusahaan memperoleh kerugian kurs sebesarRp 73.142.422.504. Pada tahun 2006,Perusahaan dan anak perusahaan mengalamikeuntungan kurs sebesar Rp 52.152.902.642.

In 2007, the Company and its subsidiaries incurredloss on foreign exchange amounting toRp 73,142,422,504. In 2006, the Company and itssubsidiaries incurred gain on foreign exchangeamounting to Rp 52,152,902,642.

44. IKATAN DAN KONTIJENSI 44. COMMITMENTS AND CONTINGENCIES

a. RCTI mengadakan perjanjian dengan pihaksebagai berikut:

1) SCTV dalam kegiatan siaran nasional.RCTI dan SCTV bekerjasama untukmembiayai bersama, masing-masingmenanggung sebesar 50% biayastasiun transmisi yang dibangun,penyediaan tanah, gedung dan fasilitasstasiun transmisi tersebut. Kerjasamatersebut meliputi beberapa stasiuntransmisi. RCTI dan SCTV memiliki hakyang sama atas tanah dan segalasesuatu diatasnya. RCTI dan SCTVmenanggung bersama masing-masing50% beban operasi stasiun transmisi.Perjanjian ini berlaku sejak tanggal24 Agustus 1993

a. RCTI entered into agreements with thefollowing parties:

1) SCTV, in relation to the nationwidetelecasting activities. RCTI and SCTVagreed to each assume 50% of the costof relay stations which were constructed,procurement of land, building and relatedfacilities. Such cooperation consists ofseveral transmission stations. RCTI andSCTV shall equally own the land and allthe facilities thereon. RCTI and SCTVshall each assume the expenses relatedto transmission station operations. Thecooperation agreement is effectivestarting August 24, 1993.

2) SCTV dan INDOSIAR untukpembangunan dan operasional stasiunrelay. Biaya pembangunan danpembelian peralatan serta biayaoperasional ditanggung bersama dandibagi sama rata.

2) SCTV and INDOSIAR for thedevelopment and operation of relaystation. RCTI, SCTV and INDOSIARshall equally bear the expenses inrelation to the development, acquisitionand operation of equipment.

3) MTI, untuk penyewaan tower danruangan milik RCTI di Jakarta, Bandungdan Sumatera Utara untuk keperluansiaran MTI untuk jangka waktu 15 tahunsampai dengan 31 Juli 2015. Perjanjianini mengalami beberapa kali perubahan,terakhir dengan addendum keempatNo. RCTI/PSM-LGL/3263/XI/2006tanggal 30 Nopember 2006.

3) MTI, for the rental of tower and spaceowned by RCTI in Jakarta, Bandung andNorth Sumatera for broadcastingpurposes of MTI for a period of 15 yearsuntil July 31, 2015. The contract hadbeen amended several times, mostrecently by fourth amendmentNo. RCTI/PSM-LGL/3263/XI/2006 datedNovember 30, 2006.

4) PT. Indosat Tbk (Indosat), untukpengoperasian Satelit Dish sebagaiperangkat penerima siaran televisi atauTVRO untuk jangka waktu 15 tahun.RCTI bertanggung jawab ataspengoperasian serta pemeliharaanSatelite Dish tersebut dan menanggungseluruh biaya yang timbul. Berdasarkanaddendum No. 031/COO-JCC/LGL/05,RCTI telah memperpanjang perjanjiankerjasama ini selama 3 tahun mulai daritanggal 8 Agustus 2005 sampai dengan8 Agustus 2008.

4) PT. Indosat Tbk (Indosat), for theoperation of Dish Satellite as telecastreceiver system or TVRO. The term ofthis agreement is 15 years. RCTI shalloperate and maintain the Satellite Dishand bear all the related cost. Based onaddendum No. 031/COO-JCC/LGL/05,RCTI has extended the cooperationagreement for 3 years, starting fromAugust 8, 2005 to August 8, 2008.




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5) PT. RTI Infokom, untuk penyediaanVertical Blanking Line (VBI line) yangakan ditambah sesuai dengan tingkatvolume Data Broadcast sehinggamemungkinkan PT. RTI Infokom untukmelakukan penjualan dan penyebarandata Bursa Efek Indonesia secara realtime melalui VBI line pada mediatelevisi milik RCTI. Perjanjian iniberakhir pada tanggal 30 Juni 2009.

5) PT. RTI Infokom, for the provision ofVertical Blanking Line (VBI Line) whichwill be increased in accordance with databroadcast volume rate, hence, enablingPT. RTI Infokom to sell and disseminateIndonesia Stock Exchange data on a realtime basis through VBI line in televisionmedia owned by RCTI. The agreementwill expire on June 30, 2009.

6) Indosat untuk sewa transponder palapadengan Indosat untuk masa sampaidengan tanggal 30 Juni 2010 dimulaisejak tanggal mulai operasi. Indosatmenyediakan jasa untuk RCTI atasdasar sewa ¼ (seperempat) bagiantransponder dengan pengirimanmodulasi system digital di TransponderNo. 1 Vertikal Polarisasi pada SatelitPalapa C dengan orbital slot 1130 BujurTimur atau penggantinya dengan DasarPenggunaan Waktu Penuh dan Non-preemptible Unprotected Basis dansesuai dengan kondisi teknissebagaimana yang dijabarkan dalamMemorandum Teknik.

6) Indosat for the rental of the PalapaTransponder until June 30, 2010. Indosatprovides services to RCTI for the rentalof ¼ (one fourth) of the transponder withdigital modulation system transmitter inTransponder No. 1 Vertical Polarizationin Satellite Palapa C with orbital slot of1130 East Longitude or its substitute withFull Time Utilization Base on Non-preemptible Unprotected Basis and inaccordance with technical condition asverified under the TechnicalMemorandum.

b. GIB mengadakan perjanjian sebagai berikut: b. GIB entered into various agreements asfollows:

1) Pada tanggal 15 Oktober 2004, GIB,MTV Asia LDC (MTVA) dan PT. MTVIndonesia (MTVI) menandatanganiBusiness Contract Agreement untukprogram Music Television (MTV Block)di wilayah Indonesia selama 12 jamsetiap hari. Perjanjian ini berlaku sejaktanggal 15 Januari 2005 sampai dengan28 Pebruari 2007. MTVI harusmembayar kepada GIB sebesar 20%dari pendapatan iklan.

1) On October 15, 2004, GIB, MTV AsiaLDC (MTVA) and PT. MTV Indonesia(MTVI) entered into a Business ContractAgreement in line with a programbroadcast name Music Television (MTVBlock) in Indonesia to air 12 hours a day.This agreement started fromJanuary 15, 2005 to February 28, 2007.For such broadcast service, MTVI has anobligation to pay GIB 20% of itsadvertisement revenue.

Selanjutnya, pada tanggal14 Desember 2005, GIB bersamadengan MTVI, MTVA dan NickelodeonAsia Holdings Pte Ltd (NAH)menandatangani Business Contractuntuk menyiarkan program MTV Blockdan NICK Block. Perjanjian ini berlakusejak 1 Pebruari 2006 sampai dengan31 Januari 2009. Para pihak setujuuntuk menyiarkan MTV Block, NICKBlock dan siaran Global masing-masing8 jam pada hari kerja; sedangkan untukakhir minggu masing-masing 8,5 jamuntuk MTV Block, 9 jam NICK Block dan6,5 jam siaran Global.

Subsequently, on December 14, 2005,GIB entered into Business Contract withMTVI, MTVA and Nickelodeon AsiaHoldings Pte Ltd (NAH) to distribute MTVBlock and NICK Block programs. Thisagreement is valid from February 1, 2006until January 31, 2009. The partiesagreed to broadcast MTV Block, NICKBlock and Global programs for 8 hoursduring at workdays; 8.5 hours for MTVBlock, 9 hours for NICK Block and6.5 hours Global programs on week-end.




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Berdasarkan perjanjian tersebut, GIBakan menerima pendapatan sebagaiberikut:

Based on the agreement, GIB willreceive percentage of advertisementrevenues as follows :

Untuk program MTV Block: 20%tahun pertama, 27,5% tahun keduadan 30% tahun ketiga.

For MTV Block programs: 20% forfirst year, 27.5% for second yearand 30% for third year.

Untuk program NICK Block: 50%dari hasil iklan selama programNICK Block setelah dikurangibiaya-biaya yang ditagih oleh MTVI.

For NICK Block program: 50% ofadvertising revenues during NICKblock program net of expensesreimbursed by MTVI.

Pada tanggal 12 Oktober 2006,Perusahaan dan MTV Networks Asia(pemberi lisensi) mengadakankesepakatan lisensi mengenaipemberian (a) lisensi non-eksklusif atasmerek dan/atau merek dagang MTV,VHI dan Nickelodeon (b) licensorprograming digunakan untuk produksitelevisi (termasuk kegiatan on air atauoff air) yang menyertakan licensorprograming dan bermerek MTV, VHIdan Nickelodeon untuk Bisnis TV (c)lisensi non-eksklusif merek dagangMTV dan Nickelodeon (d) hak eksklusifLicensor Digital Content untuk BisnisMedia Digital dan (e) hak untukpenggunaan merek untuk BisnisDagang. Perjanjian kerjasama antaraMTVA, NAH dan GIB tertanggal14 Desember 2005 telah berakhir padatanggal 31 Desember 2006.

Perjanjian kerjasama tersebutdigantikan dengan kesepakatan ini danefektif sejak 1 Januari 2007. Biayalisensi untuk bisnis TV (a) sebesar 25%dari pendapatan iklan bersih daripenayangan licensor programmingsetelah dikurangi komisi agen, (b)sebesar 25% dari penjualan bersihuntuk distribusi licensor programmingdan (c) biaya lisensi untuk Bisnis MediaDigital sebesar 25% dari penjualanbersih dengan biaya minimum lisensitahunan terjamin untuk Bisnis TV danBisnis Media Digital sebesar US$ 4 jutayang dibayar secara kwartalan dalamjumlah sama.

On October 12, 2006, the Company andMTV Networks Asia (licensor) enteredinto a licensing Deal Memo granting a (a)non-exclusive license of the MTV, VHIand Nickelodeon brands and/or trademarks (b) production for television(including on air and off air events),incorporating the licensor programmingand branded MTV, VHI and Nickelodeonfor TV Business (c) non-exclusive licenseof the MTV and Nickelodeon trademarks(d) exclusive license of the LicensorDigital Content for Digital MediaBusiness and (e) rights for consumerbranding and/or character license fromMTV Network Asia. The businesscontract between MTVA, NAH and GIBdated December 14, 2005 wasterminated on December 31, 2006.

Such contractual relationship will bereplaced by the trademark andprogram/content license contemplatedby this new agreement and becameeffective on January 1, 2007. The licensefee for TV business amounted to (a) 25%of net advertising sales from the licensorprogramming broadcast on the channel,less agency commissions, (b) 25% of netrevenue from the distribution of licensorprogramming and (c) license for DigitalMedia Business of 25% of the netrevenue earned, with annual minimumguaranteed license fee for TV Businessand Digital Media Business of US$ 4million which will be paid in equalquarterly installments.




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2) Pada tanggal 15 Januari 2002, GIBmengadakan perjanjian sewa digibouquet dengan Indosat untuk masasampai dengan tanggal 14 Januari 2007dimulai sejak tanggal 1 Juli 2002.Indosat menyediakan jasa atas dasarsewa 9 mbps, FEC : ¾ (tiga per empat)pada transponder Nomor SH PolarisasiHorisontal pada Satelit Palapa 2dengan orbital slot 113 bujur timur ataupenggantinya dengan DasarPenggunaan Waktu Penuh dan NonPreemptible Unprotected Basis.Berdasarkan addendum perjanjiansewa tanggal 6 Juni 2007, masa sewadiperpanjang selama tiga tahunterhitung 15 Januari 2007.

2) On January 15, 2002, GIB entered intothe rental agreement of digi bouquet withIndosat for a period from July 1, 2002 toJanuary 14, 2007. Indosat will provideservices based on rental of 9 mbps, FEC: ¾ (three fourths) at transponder No. SHHorizontal Polarization in PalapaSatellite 2 with orbital slot of 113 EastLongitude or its substitute with use ofFull Time Utilization and NonPreemptible Unprotected Basis. Basedon the addendum of the rentalagreement dated June 6, 2007, the termof the lease was extended for threeyears starting January 15, 2007.

3) Pada tanggal 1 Juni 2002, GIBmengadakan perjanjian sewa ruang danmenara transmisi beserta fasilitasperlengkapannya untuk stasiun relaySurabaya dengan PT. Duta VisualNusantara Tivi Tujuh (TV7) untuk masa20 tahun atau sampai dengan tanggal31 Mei 2022. TV7 menyewakan bagiandari stasiun transmisi beserta peralatandan perlengkapannya untuk menyiarkanprogram teknisi GIB di wilayahSurabaya dan sekitarnya.

3) On June 1, 2002, GIB entered into anagreement with PT. Duta VisualNusantara Tivi Tujuh (TV7), for theleasing of transmission tower and officespace including airing equipment forrelay station for 20 years untilMay 31, 2022. TV7 leases out portion oftransmission station and airingequipment for broadcasting program ofGIB in Surabaya.

4) Berdasarkan perjanjian tanggal23 Mei 2002, GIB mengadakanperjanjian sewa menara besertaperlengkapannya dengan PT. TelevisiTransformasi Indonesia (TransTV)untuk masa 10 tahun atau sampaidengan 23 Mei 2012. TransTVmenyewakan bagian dari stasiuntransmisi beserta peralatan danperlengkapannya yang berlokasi diJalan Bukit Merpati II, KelurahanNgesrep, Kecamatan Banyumanik,Semarang.

4) Based on agreement datedMay 23, 2002, GIB entered into a towerand equipment leasing agreement withPT. Televisi Transformasi Indonesia(TransTV) for 10 years or untilMay 23, 2012. TransTV leases outportion of transmission station includingequipments which are located in JalanBukit Merpati II, Kelurahan Ngesrep,Kecamatan Banyumanik, Semarang.

5) Pada tanggal 3 Pebruari 2005, GIBmengadakan perjanjian pemberian jasapenyediaan dan pengoperasian fasilitaspremium SMS oleh Infokom untuk jangkawaktu 3 tahun. GIB akan mendapatbagian sebesar 50% - 60% daripendapatan provider (Rp 990/SMS).Sampai dengan tanggal pelaporankeuangan, perpanjangan perjanjianmasih dalam proses.

5) On February 3, 2005, GIB agreed to be aprovider of operating services onpremium SMS by Infokom for 3 years.GIB receives 50% to 60% of providerincome (Rp 990/SMS). As of theissuance date of the financialstatements, the amendment of theagreement is still in process.




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6) Pada tahun 2005, GIB mengadakankerjasama dengan Infokom untukmembangun stasiun transmisi di12 daerah di Indonesia berikut seluruhkebutuhan infrastrukturnya, melakukanpengadaan peralatan siar dan saranapendukung sesuai permintaan dankebutuhan teknis GIB dan memberikanjasa layanan pengoperasian stasiuntransmisi selama 7 tahun. Sebagaikompensasinya, GIB akan membayarbiaya pembangunan dan biaya jasalayanan operasional dengan jumlahyang telah ditetapkan dalam perjanjian.

6) In 2005, GIB entered into agreementswith Infokom: to build transmissionstations including the infrastructures in12 regions within Indonesia; to provideairing equipment and backup facilities inaccordance with GIB’s requests andneeds; and to provide operationalservices in transmission station for7 years. As compensation, GIB will paythe development and operationalservicing cost in amounts as stated inthe agreements.

c. Pada tanggal 30 Mei 2007, CMI dan Yellomelakukan perjanjian opsi beli. CMI setujuuntuk menerima pemberian opsi beli sejaktanggal perjanjian sampai tanggal31 Desember 2008 atas 700.000 saham baruYello. Opsi beli dapat dilakukan oleh CMIdengan memberikan pernyataan tertulis yangditandatangani kepada Yello setiap saatselama periode opsi. CMI memiliki hutangkepada Yello sebesar US$ 1 setelahmelakukan perjanjian opsi beli. Harga belisaham opsi mengikuti harga pelaksanaanopsi beli CMI sebesar US$ 3,5 per sahamopsi. Dengan persetujuan tertulis dari Yello,CMI dapat mengalihkan opsi beli kepadaperusahaan manapun di Group Mediacomseperti yang diatur dalam perjanjian.

c. A call option agreement was entered into byCMI and Yello on May 30, 2007. CMI agreedto accept a grant of call option from the date ofthe agreement to December 31, 2008 withrespect to 700,000 new shares of Yello. Thecall option can be exercised by CMI by givingduly signed notice in writing to Yello at anytime during the option period. CMI haspayable of US$ 1 to Yello upon entering intothe call option agreement. The purchase pricefor the option shares following the exercise ofthe call option by CMI shall be US$ 3.5 peroption share. With the prior written consent ofYello, CMI may, during the option period,assign the call option to any company in theMediacom Group as defined in the agreement.

d. Pada tanggal 1 Oktober 2007, Perusahaanmengadakan perjanjian dengan PT. PostindoPromedia Audiovisual (Postindo) untukpengadaan program televisi tertentu. Biayapengadaan program televisi tersebut akanditanggung bersama oleh Perusahaan danPostindo sebesar 70% dan 30%.Selanjutnya, pada tanggal 24 Januari 2008,Perusahaan mengadakan perjanjian denganPostindo untuk mengatur pembagianpendapatan dari penjualan lisensi atasprogram tertentu yang pengadaannyaditanggung oleh kedua belah pihak dan telahditayangkan tiga kali atau lebih. Berdasarkanperjanjian tersebut, Perusahaan danPostindo akan membagi pendapatan masing-masing sebesar 30% dan 70%.

d. On October 1, 2007, the Company enteredinto an agreement with PT. Postindo PromediaAudiovisual (Postindo) for purchases ofcertain television programs. The expensesrelated to the purchases of the programs willbe shared 70% and 30% by the Company andPostindo, respectively. Furthermore, onJanuary 24, 2008, the Company entered intoan agreement with Postindo concerning therevenue sharing from the sales of licenses ofcertain programs that have been aired forthree times or more and the costs of purchasewhich are shared by both parties. Based onthe agreement, the Company and Postindowill share 30% and 70% of the revenues,respectively.

e. Pada tanggal 24 Oktober 2007, MNCInternational Middle East Limited (PemegangLisensi) melakukan Perjanjian Hak Mediadengan Union des Associations Europeennesde Football (UEFA) sehubungan denganKejuaraan Sepakbola Eropa UEFA (EURO2008) yang rencananya diadakan di Austriadan Swiss pada bulan Juni 2008. Hak mediadi Indonesia yang diberikan berdasarkanperjanjian ini, termasuk hak tayang, hakpenyiaran radio, hak media bergerak dan haktambahan lainnya.

e. On October 24, 2007, MNC InternationalMiddle East Limited (Licensee) entered into aMedia Rights Agreement with Union desAssociations Europeennes de Football(UEFA) with respect to the UEFA EuropeanFootball Championship 2008 (EURO 2008)which is currently scheduled to be held inAustria and Switzerland in June 2008. Themedia rights granted in Indonesia in relation tothis agreement include broadcast rights, radiotransmission rights, mobile media rights andother additional rights.




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Hak khusus liputan televisi diberikan kepadaRCTI, GIB, Cipta TPI, dan MNC SV,sedangkan hak khusus penyiaran radiodiberikan kepada Trijaya FM, Dangdut TPIdan ARH Global FM. Perjanjian ini berlakumulai tanggal 24 Oktober 2007 sampaidengan 31 Desember 2008 kecuali jikaterdapat pemutusan lebih awal oleh keduabelah pihak sesuai dengan kondisi yangdiatur pada perjanjian ini.

An exclusive television rights coverage isgranted to RCTI, GIB, Cipta TPI, and MNCSV, while exclusive radio transmission rightsare granted to Trijaya FM, Dangdut TPI andARH Global FM. The term for this agreementstarted on October 24, 2007 untilDecember 31, 2008 unless terminated earlierby both parties pursuant to the conditions setforth in the agreement.

Pemegang Lisensi membayarkan biayalisensi kepada UEFA berdasarkan jadwalyang ditentukan dalam perjanjian. Sebagaijaminan pembayaran kewajiban olehPemegang Lisensi, Pemegang Lisensimemberikan bank garansi kepada UEFA.

The Licensee should pay license fee to UEFAbased on the terms stipulated in theagreement. As security for the payment of theLicensee’s obligation under the agreement,the Licensee provided bank guarantee toUEFA.

f. Pada tanggal 28 Nopember 2007,Perusahaan menandatangani PerjanjianAkuisisi dengan Linktone Ltd., (Linktone),sebuah perusahaan yang berbadan hukum diPulau Cayman. Linktone merupakanpenyedia jasa hiburan interaktif tanpa kabelkepada pelanggan dan jasa periklanan sertapenyedia konten kepada perusahaan di Cina.

f. On November 28, 2007, the Company signedan Acquisition Agreement with Linktone Ltd.,(Linktone), a company incorporated under thelaws of the Cayman Islands. Linktone is aprovider of wireless interactive entertainmentservices to customers and advertisingservices and content provider to enterprises inChina.

Perjanjian akuisisi ini menyediakanpenawaran tender 6 juta saham beredarLinktone dengan nilai nominal US$ 0,0001per saham, diwakili oleh American DepositaryShares (ADS) Linktone, yang terdaftar diNasdaq Global Market dengan hargaUS$ 0,38 per saham. Perjanjian tersebut jugatermasuk pemesanan antara 180 juta sampai252 juta saham baru Linktone untukmenjadikan MNC International Limitedmemiliki sedikitnya 51% kepemilikan sahamLinktone.

The Acquisition Agreement provides for thetender offer of 6 million existing shares ofLinktone with par value of US$ 0.0001 pershare, represented by Linktone’s AmericanDepositary Shares (ADS), which are listed onthe Nasdaq Global Market at a price per shareof US$ 0.38. The agreement also includes thesubscription of between 180 million to 252million new Linktone’s shares to bring MNCInternational Limited’s ownership in Linktoneto at least 51%.

Perusahaan telah mengalihkan hak dankewajibannya atas Perjanjian Akuisisitersebut kepada MNC International Limited(Pembeli). Namun, pengalihan tersebut tidakmembebaskan Perusahaan dari kewajibanatas Perjanjian Akuisisi dan menjaminsepenuhnya tanpa syarat kepada Linktonebahwa Pembeli melaksanakan semuabatasan, perjanjian, kewajiban dan hutangPerusahaan berdasarkan Perjanjian Akuisisi.

The Company has assigned its rights andobligations under the Acquisition Agreementto MNC International Limited (the purchaser).However, such assignment shall not relievethe Company of its obligations under theAcquisition Agreement and unconditionallyguarantees to Linktone the prompt and fulldischarge by the purchaser of all theCompany’s covenants, agreements,obligations and liabilities under the AcquisitionAgreement.

Dana sebesar Rp 765.899.742.237 yangdigunakan untuk pembelian Linktone telahdisediakan dan dikelola oleh manajerinvestasi seperti yang disebutkan dalamdokumen penawaran (Catatan 13).

A fund amounting to Rp 765,899,742,237 wasallotted for future acquisition of Linktone andmanaged by fund managers as indicated inthe tender offer document (Note 13).




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45. PERISTIWA PENTING SETELAH TANGGALNERACA

45. SUBSEQUENT EVENT

Pada tanggal 30 Januari 2008, pemegang sahamLinktone menyetujui pengajuan penawaran tenderdan penerbitan saham baru sehingga MNCInternational Limited akan memiliki tidak kurangdari 51% kepemilikan modal di Linktone Ltd.

On January 30, 2008, the shareholders of Linktoneapproved to launch the tender offer and issuanceof new sahres so that MNC International Limitedwill own not less than 51% equity ownership inLinktone Ltd.

Pada tanggal 6 Pebruari 2008, MNC InternationalLimited menyampaikan penawaran pembeliankepada Linktone. Selanjutnya, pada tanggal28 Pebruari 2008, penawaran telah diperbaruidan diperpanjang sampai dengan 26 Maret 2008.

On Febuary 6, 2008, MNC International Limitedsubmitted the offer to purchase to Linktone.Furthermore, on February 28, 2008, the offer hasbeen amended and extended until March 26, 2008.

Pada tanggal 26 Maret 2008, jumlah ADS dansaham biasa yang ditenderkan melebihipenawaran tender, dimana MNC InternationalLimited akan memiliki kurang lebih 57,1% sahamLinktone dan diharapkan akan selesai padatanggal 3 April 2008.

On March 26, 2008, the actual number of ADS andordinary shares tendered exceeded the tenderoffer, wherein MNC International Limited will holdapproximately 57.1% of Linktone’s shares which isexpected to be completed on April 3, 2008.

46. PERNYATAAN STANDAR AKUNTANSIKEUANGAN (PSAK) BARU

46. NEW STATEMENTS OF FINANCIALACCOUNTING STANDARDS (PSAK)

Dewan Standar Akuntansi Keuangan IkatanAkuntan Indonesia telah merevisi danmenerbitkan beberapa Pernyataan StandarAkuntansi Keuangan (PSAK) sebagai berikut:

The Financial Accounting Standards Board of theIndonesian Institute of Accountant revised andissued several Statements of Financial AccountingStandards (PSAK), as follows:

PSAK 13 (Revisi 2007), Properti Investasi -Efektif untuk periode akuntansi dimulaitanggal 1 Januari 2008.

PSAK 13 (Revised 2007), Investment Property- Effective for accounting period starting onJanuary 1, 2008.

PSAK 16 (Revisi 2007), Aset Tetap - Efektifuntuk periode akuntansi dimulai tanggal1 Januari 2008.

PSAK 16 (Revised 2007), Property, Plant andEquipment - Effective for accounting periodstarting on January 1, 2008.

PSAK 30 (Revisi 2007), Sewa - Efektif untukperiode akuntansi dimulai tanggal1 Januari 2008.

PSAK 30 (Revised 2007), Leases - Effectivefor accounting period starting on January 1,2008.

PSAK 50 (Revisi 2006), InstrumenKeuangan: Penyajian dan Pengungkapan -Efektif untuk periode akuntansi dimulaitanggal 1 Januari 2009.

PSAK 50 (Revised 2006), FinancialInstruments: Presentation and Disclosures -Effective for accounting period starting onJanuary 1, 2009.

PSAK 55 (Revisi 2006), Financial Instrumen:Pengakuan dan Pengukuran - Efektif untukperiode akuntansi dimulai tanggal 1 Januari2009.

PSAK 55 (Revised 2006), FinancialInstruments: Recognition and Measurement -Effective for accounting period starting onJanuary 1, 2009.

Perusahaan dan anak perusahaan sedangmengevaluasi dampak yang timbul dari standarakuntansi tersebut terhadap laporan keuangankonsolidasi Perusahaan.

The Company and its subsidiaries are evaluatingthe effects of those standards on the Company’sconsolidated financial statements.




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47. INFORMASI TAMBAHAN 47. SUPPLEMENTARY INFORMATION

Hal 66 sampai dengan 70 adalah informasikeuangan PT. Media Nusantara Citra Tbk (indukperusahaan tersendiri) yang menyajikanpenyertaan Perusahaan pada anak perusahaanberdasarkan metode ekuitas dan bukan denganmetode konsolidasi.

The financial information of PT. Media NusantaraCitra Tbk (parent company only) on pages 66 to 70present the Company’s investments in subsidiariesunder the equity method, as opposed to theconsolidation method.

48. PERSETUJUAN LAPORAN KEUANGANKONSOLIDASI

48. APPROVAL OF CONSOLIDATED FINANCIALSTATEMENTS

Laporan keuangan konsolidasi telah disetujui olehDireksi Perusahaan untuk diterbitkan padatanggal 27 Maret 2008.

The consolidated financial statements wereapproved by the Directors and authorized for issueon March 27, 2008.

*********

PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA TbkINDUK PERUSAHAAN SAJA PARENT COMPANY ONLYINFORMASI TAMBAHAN SUPPLEMENTARY INFORMATIONDAFTAR I: NERACA TERSENDIRI INDUK PERUSAHAAN *) SCHEDULE I : BALANCE SHEETS OF PARENT COMPANY ONLY *)31 DESEMBER 2007 DAN 2006 DECEMBER 31, 2007 AND 2006

2007 2006Rp Rp

AKTIVA ASSETS

AKTIVA LANCAR CURRENT ASSETSKas dan setara kas 1.243.483.283.818 5.953.904.437 Cash and cash equivalentsBank escrow - 230.012.191.741 Bank escrowInvestasi jangka pendek 123.760.771.024 - Short-term investmentsPiutang usaha Trade accounts receivable

Pihak hubungan istimewa 104.890.529.000 21.647.462.744 Related partiesPihak ketiga 171.295.857.800 907.363.417 Third parties

Piutang lain-lain 15.638.925.201 1.557.512.336 Other accounts receivablePersediaan 167.729.211.216 105.804.677.417 InventoriesUang muka program 37.228.514.842 1.629.839.246 Program advancesPajak dibayar dimuka 410.008.219 1.348.250.625 Prepaid taxesUang muka dan biaya dibayar dimuka 173.771.401 1.540.179.250 Advances and prepaid expensesJumlah Aktiva Lancar 1.864.610.872.521 370.401.381.213 Total Current Assets

AKTIVA TIDAK LANCAR NONCURRENT ASSETSPiutang pihak hubungan istimewa 251.140.156.847 138.587.891.187 Accounts receivable from related partiesAktiva pajak tangguhan - bersih 14.534.447.557 - Deferred tax assets - netInvestasi pada anak perusahaan 1.523.103.012.636 1.316.004.374.467 Investments in subsidiariesInvestasi lain 1.034.493.943.656 154.411.247.111 Other investmentsAktiva tetap - setelah dikurangi akumulasi Property and equipment - net of

penyusutan sebesar Rp 6.291.272.534 accumulated depreciation oftahun 2007 dan Rp 2.181.089.196 Rp 6,291,272,534 in 2007 andtahun 2006 26.634.043.316 14.108.994.857 Rp 2,181,089,196 in 2006

Aktiva lain-lain 1.289.000.395 - Other assetsJumlah Aktiva Tidak Lancar 2.851.194.604.407 1.623.112.507.622 Total Noncurrent Assets

JUMLAH AKTIVA 4.715.805.476.928 1.993.513.888.835 Total Assets

*) Disajikan dengan metode ekuitas *) Presented under equity method

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PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA TbkINDUK PERUSAHAAN SAJA PARENT COMPANY ONLYINFORMASI TAMBAHAN SUPPLEMENTARY INFORMATIONDAFTAR I: NERACA TERSENDIRI INDUK PERUSAHAAN *) SCHEDULE I : BALANCE SHEETS OF PARENT COMPANY ONLY *)31 DESEMBER 2007 DAN 2006 - Lanjutan DECEMBER 31, 2007 AND 2006 - Continued

2007 2006Rp Rp

KEWAJIBAN DAN EKUITAS LIABILITIES AND EQUITY

KEWAJIBAN LANCAR CURRENT LIABILITIESHutang usaha 146.544.345.216 69.010.253.000 Trade accounts payableHutang pajak 6.990.783.629 3.766.991.589 Taxes payablePendapatan diterima dimuka 10.518.443.923 673.092.820 Unearned revenuesBiaya masih harus dibayar 79.060.637.728 21.666.380.870 Accrued expensesHutang lain-lain 2.411.247.584 1.005.993.305 Other accounts payableHutang pembelian aktiva tetap Current maturities of liabilities for

jatuh tempo dalam satu tahun 1.250.054.897 1.154.614.804 purchase of property and equipmentJumlah Kewajiban Lancar 246.775.512.977 97.277.326.388 Total Current Liabilities

KEWAJIBAN TIDAK LANCAR NONCURRENT LIABILITIESHutang pembelian aktiva tetap - setelah Long term liabilities for purchase

dikurangi bagian jatuh tempo dalam of property and equipment-satu tahun 805.765.248 836.789.558 net of current maturities

Hutang pihak hubungan istimewa 577.606.717.681 791.449.076.961 Accounts payable to related partiesKewajiban pajak tangguhan - bersih - 605.824.346 Deferred tax liabilities - netKewajiban imbalan pasca kerja 891.492.000 460.873.000 Post-employment benefits obligationHutang jangka panjang lainnya 391.634.029 - Other long-term liabilitiesJumlah Kewajiban Tidak Lancar 579.695.608.958 793.352.563.865 Total Noncurrent Liabilities

EKUITAS EQUITYModal saham - nilai nominal Capital stock - Rp 100 par value per share

Rp 100 per saham tahun 2007 dan in 2007 and Rp 100,000 par valueRp 100.000 per saham tahun 2006 per share in 2006Modal dasar - 5.700.000.000 saham Authorized - 5,700,000,000 series A

seri A dan 34.300.000.000 saham shares and 34,300,000,000 series Bseri B tahun 2007, dan 14.000.000 shares in 2007, and 14,000,000saham tahun 2006 shares in 2006

Modal ditempatkan dan disetor - Issued and paid-up - 5,700,000,0005.700.000.000 saham seri A dan series A shares and 8,050,000,0008.050.000.000 saham seri B tahun series B shares in 2007, and2007, dan 5.700.000 saham tahun 2006 1.375.000.000.000 570.000.000.000 5,700,000 shares in 2006

Tambahan modal disetor 2.083.303.372.335 - Additional paid-up capitalUang muka setoran modal - 130.000.000.000 Advance for capital stock subscriptionSelisih kurs penjabaran laporan keuangan 687.313.316 - Translation adjustmentsSaldo laba - belum ditentukan Retained earnings -

penggunaannya 430.343.669.342 402.883.998.582 unappropriatedJumlah Ekuitas 3.889.334.354.993 1.102.883.998.582 Total Equity

JUMLAH KEWAJIBAN DAN EKUITAS 4.715.805.476.928 1.993.513.888.835 TOTAL LIABILITIES AND EQUITY


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PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA TbkINDUK PERUSAHAAN SAJA PARENT COMPANY ONLYINFORMASI TAMBAHAN SUPPLEMENTARY INFORMATIONDAFTAR II: LAPORAN LABA RUGI TERSENDIRI SCHEDULE II : STATEMENTS OF INCOME OFINDUK PERUSAHAAN *) PARENT COMPANY ONLY *)UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED31 DESEMBER 2007 DAN 2006 DECEMBER 31, 2007 AND 2006

2007 2006Rp Rp

PENDAPATAN USAHA REVENUESNon iklan 587.035.261.374 239.611.639.564 Non advertisementsIklan 410.529.206 - Advertisements

Jumlah Pendapatan Usaha 587.445.790.580 239.611.639.564 Total Revenues

BEBAN USAHA OPERATING EXPENSESBeban langsung 415.322.642.296 206.587.446.256 Direct costsUmum dan administrasi 45.225.516.540 15.133.579.923 General and administrationPenyusutan dan amortisasi 4.110.108.450 1.933.457.549 Depreciation and amortization

Jumlah Beban Usaha 464.658.267.286 223.654.483.728 Total Operating Expenses

LABA USAHA 122.787.523.294 15.957.155.836 INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)Penghasilan bunga 61.469.048.768 4.767.473.237 Interest incomeKeuntungan (kerugian) kurs Gain (loss) on foreign

mata uang asing - bersih (21.083.408.887) 28.032.046.756 exchange - netBeban bunga dan keuangan (84.789.414.127) (33.729.268.744) Interest and financial chargesLain-lain - bersih (1.228.187.404) 5.591.199.744 OthersPenghasilan (beban)

Lain-lain - bersih (45.631.961.650) 4.661.450.993 Other income (charges) - net

BAGIAN LABA BERSIH EQUITY IN NET INCOME OFANAK PERUSAHAAN 334.641.617.184 276.043.144.887 SUBSIDIARIES

LABA SEBELUM PAJAK 411.797.178.828 296.661.751.717 INCOME BEFORE TAX

MANFAAT (BEBAN) PAJAK 15.662.491.932 (7.072.061.363) TAX BENEFIT (EXPENSE)

LABA BERSIH 427.459.670.760 289.589.690.354 NET INCOME

LABA PER SAHAM DASAR 34 29 BASIC EARNINGS PER SHARE


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PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA TbkINDUK PERUSAHAAN SAJA PARENT COMPANY ONLYINFORMASI TAMBAHAN SUPPLEMENTARY INFORMATIONDAFTAR III: LAPORAN PERUBAHAN EKUITAS TERSENDIRI INDUK PERUSAHAAN *) SCHEDULE III : STATEMENTS OF CHANGES IN EQUITY OF PARENT COMPANY ONLY *)UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2007 DAN 2006 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

Saldo labaSelisih kurs belum

Uang muka penjabaran ditentukanModal ditempatkan Modal disetor setoran modal/ laporan penggunaannya/ Jumlah

dan disetor/ lainnya/ Advance for keuangan/ Retained ekuitas/Issued and Additional capital stock Translation earnings - Total

paid-up capital paid-in capital subscription adjustments unappropriated EquityRp Rp Rp Rp Rp Rp

Saldo per 1 Januari 2006 570.000.000.000 - 19.757.136.000 - 113.294.308.228 703.051.444.228 Balance as of January 1, 2006Uang muka setoran modal - - 110.242.864.000 - - 110.242.864.000 Advance for capital stock subscriptionLaba bersih tahun berjalan - - - - 289.589.690.354 289.589.690.354 Net income for the yearSaldo per 31 Desember 2006 570.000.000.000 - 130.000.000.000 - 402.883.998.582 1.102.883.998.582 Balance as of December 31, 2006

Penerbitan 1.300.000 saham Issuance of capital stock - 1,300,000

nilai nominal Rp 100.000 - shares with Rp 100,000 par value

per saham 130.000.000.000 - (130.000.000.000) - - per share

Kapitalisasi saldo laba menjadi Capitalization of retained earnings -

4.000.000.000 saham seri B, - 4,000,000,000 Series B Shares with

nilai nominal Rp 100 per saham 400.000.000.000 - - (400.000.000.000) - Rp 100 par value per share

Penerbitan 2.750.000.000 saham Issuance of capital stock - 2,750,000,000

seri B, nilai nominal Rp 100 series B Shares with Rp 100 par value

per saham 275.000.000.000 2.200.000.000.000 - - - 2.475.000.000.000 per share

Biaya emisi saham - (116.696.627.665) - - - (116.696.627.665) Share issuance cost

Selisih kurs penjabaran

laporan keuangan - - - 687.313.316 - 687.313.316 Translation adjustmentsLaba bersih tahun berjalan - - - - 427.459.670.760 427.459.670.760 Net income for the yearSaldo per 31 Desember 2007 1.375.000.000.000 2.083.303.372.335 - 687.313.316 430.343.669.342 3.889.334.354.993 Balance at December 31, 2007


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PT. MEDIA NUSANTARA CITRA Tbk PT. MEDIA NUSANTARA CITRA TbkINDUK PERUSAHAAN SAJA PARENT COMPANY ONLYINFORMASI TAMBAHAN SUPPLEMENTARY INFORMATIONDAFTAR IV: LAPORAN ARUS KAS SCHEDULE IV: STATEMENTS OF CASH FLOWS OFTERSENDIRI INDUK PERUSAHAAN *) PARENT COMPANY ONLY *)UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED31 DESEMBER 2007 DAN 2006 DECEMBER 31, 2007 AND 2006

2007 2006Rp Rp

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIESPenerimaan kas dari pelanggan 391.737.825.548 503.014.532.079 Cash receipts from customersPembayaran kas kepada pemasok Cash paid to suppliers

dan karyawan (437.154.303.101) (471.218.113.787) and employeesKas dihasilkan (digunakan) dari operasi (45.416.477.553) 31.796.418.292 Cash generated (used in) from operationsPembayaran bunga (67.459.815.266) - Interest paidKas Bersih Diperoleh Dari (Digunakan Net Cash Provided By (Used In)

Untuk) Aktivitas Operasi (112.876.292.819) 31.796.418.292 Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIESPenempatan (penarikan) dana pada Withdrawal (placement) in bank escrow

bank escrow 236.390.838.337 (230.012.191.741)Penerimaan bunga 61.469.048.768 7.266.589.172 Interest receivedPenempatan investasi jangka pendek (120.000.000.000) (50.911.247.111) Placement in short term investmentsPembayaran uang muka investasi (787.719.192.996) - Payment of investment advancePenerimaan dividen 141.000.000.000 270.999.999.093 Dividends receivedPenerimaan dari (pembayaran untuk) Receipt due to (payment of) acquisition

Perolehan anak perusahaan 906.715.036 (60.275.000.000) of subsidiariesPerolehan aktiva tetap (16.635.156.909) (8.004.582.986) Acquisition of property and equipmentPenambahan aktiva lain (121.854.698.251) (2.361.630.397) Additions to other assetsKas Bersih Digunakan Untuk Net Cash Used In

Aktivitas Investasi (606.442.446.015) (73.298.063.969) Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIESPembayaran hutang bank - (320.240.234.988) Payment of bank loansPenerimaan (pembayaran) pinjaman Proceeds from (payment of) payable

pihak istimewa (401.390.838.337) 246.863.350.173 to related partiesPembayaran hutang pembelian (64.415.783) (1.053.023.962) Payment of liabilities for purchase of

aktiva tetap property and equipmentSetoran modal dari pemegang saham 2.358.303.372.335 109.991.663.509 Capital contribution from stockholderKas Bersih Diperoleh Dari Net Cash Provided By

Aktivitas Pendanaan 1.956.848.118.215 35.561.754.732 Financing Activities

KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASHDAN SETARA KAS 1.237.529.379.381 (5.939.890.945) AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTSAWAL TAHUN 5.953.904.437 11.893.795.382 AT BEGINNING OF YEAR

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTSAKHIR TAHUN 1.243.483.283.818 5.953.904.437 AT END OF YEAR

PENGUNGKAPAN TAMBAHAN ADDITIONAL DISCLOSURESAktivitas investasi dan pendanaan yang Non cash investing and

tidak mempengaruhi arus kas financing activities:Pengalihan investasi jangka pendek Transfer of short term investments

menjadi investasi lain - 103.500.000.000 to other investmentsPenambahan uang muka setoran Additions to advance for capital stock

modal melalui hutang kepada subscription through payable topemegang saham - 33.421.035.026 stockholder

Perolehan anak perusahaan Acquisition of subsidiary throughdengan uang muka investasi 31.500.000.000 - application of investment advances


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PT. MEDIA NUSANTARA CITRA Tbk DAN ANAK PERUSAHAAN … · MEDIA NUSANTARA CITRA Tbk DAN ANAK...

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