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Notes to the Financial Statements
For the fnancial year ended 31 December 2012
37. Segment information (cont’d)
Geographical segments
The following table presents sales to customers based on the geographical location of the customers:
Region 2012 2011
Rp million Rp million
Year ended 31 December 2012
Indonesia 11,385,527 10,212,430
Netherlands 572,115 393,415
China 388,141 438,776
Singapore 194,747 182,891
Malaysia 188,159 –
United Kingdom 152,495 15,038
United States of America 127,364 592,064
Nigeria 97,727 110,028
South Korea 71,951 53,959
Italy 69,791 118,310
Philippines 68,641 65,963
Timor Leste 61,561 69,174
Spain 56,403 72,836
Tanzania 52,420 –
Others (each below Rp50.0 billion) 357,849 280,427
Segment revenue 13,844,891 12,605,311
The Group’s capital expenditure and segment assets are primarily incurred and located in Indonesia.
38. Events after the reporting period
(a) Proposed Acquisition of CMAA
On 26 January 2013, the Company’s wholly-owned subsidiary, IndoAgri Brazil Participações Ltda, entered into certain defnitive
agreements to acquire a 50% shareholding interest in Companhia Mineira de Açúcar e Álcool Participações (CMAA) in
Brazil for aggregate purchase price of approximately 143.4 million Brazilian Real (US$71.7 million). The completion of this
proposed acquisition is conditional upon certain conditions set forth in the defnitive agreements, and the closing is expected
to occur during the second quarter of 2013.
CMAA was established in 2006 in Brazil and is principally engaged in the cultivation and processing of sugar cane for the
production and marketing of ethanol and sugar, as well as co-generation of electric power from sugar cane bagasse. Currently,
CMAA operates one mill in Vale do Tijuco with a total crushing capacity of 3 million tonnes per year, which was completed
in 2011 and can be expanded to 3.8 million tonnes.
This acquisition will enable the Group to expand its geographical presence into the sugar and ethanol industry in Brazil, as
well as strengthen the Group’s diversifed plantation business model.
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