Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance Indofood Agri Resources Ltd. 102 Notes to the financial statements For the financial year ended 31 December 2025 13. Biological assets (cont’d) Fair values of biological assets (cont’d) Biological assets under current assets - agricultural produce of bearer plants (cont’d) The movements for agricultural produce of bearer plants, which comprise FFB, oil palm seeds, latex and sugar cane are as follows: Group Note 2025 2024 Rp million Rp million At fair value At 1 January 1,132,115 764,416 Additions 290,500 268,622 Decreases due to harvest (240,377) (225,824) (Loss)/gain arising from changes in fair value of biological assets (147,495) 324,901 At 31 December 34(a) 1,034,743 1,132,115 Key inputs to valuation on biological assets The fair values of the oil palm and rubber agricultural produce are determined at Level 2 based on the applicable market prices applied to the estimated volume of the produce. Range of quantitative unobservable inputs (Level 3) used in determining the fair values of the sugar cane, oil palm seeds and timber are as follows: Inputs Sugar cane Oil palm seeds Timber Discount rate 8.86% (2024: 10.76%) 8.99% (2024: 12.50%) 9.71% (2024: 11.10%) Selling price of processed agriculture produce Rp882,213/tonne (2024: Rp813,673/ tonne) Rp8,400 – Rp9,000/piece (2024: Rp 8,800 – Rp9,000/piece) Rp549,227 – Rp2,613,920/m3 (2024: Rp540,682 – Rp2,527,037/m3) Average production yield of agriculture produce 65 tonnes/hectare (2024: 64 tonnes/ hectare) 1,010 pieces/bunch (2024: 967 pieces/ bunch) 90 m3/hectare (2024: 119 m3/hectare) Inflation rate 2.50% (2024: 2.50%) – 2.50% – 3.00% (2024: 2.50% – 3.00%)
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