PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
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6. TRADE RECEIVABLES
The details of trade receivables are as follows:
December 31, June 30, 2013
2012 2011
2010
Related parties Note 34 Sale of apartment units
3,688,886 -
- -
Rental of residential and office investment properties
1,530,618 -
- -
Sale of houses, shops and landplots 459,091
734,545 1,366,364
2,648,182 Rental of retail and commercial investment
properties 434,647
1,130,291 -
- Monthly membership fees in sports club
- -
- -
Sale of offices -
- 8,886,569
- Third parties
Sale of apartment units 124,803,186
65,659,118 1,414,623
7,228,565 Rental of retail and commercial investment
properties 21,383,489
12,758,330 5,171,417
4,547,761 Sale of houses, shops and landplots
11,543,979 11,691,031
10,875,927 72,174,388
Rental of residential and office investment properties
4,063,447 6,786,838
3,836,790 765,510
Hotel services 2,753,854
1,305,444 1,236,633
1,038,218 Monthly membership fees in sports club
1,223,962 1,644,651
1,638,794 969,595
Others 5,941,527
4,707,494 -
-
Total trade receivables 177,826,686
106,417,742 34,427,117
89,372,219
All of the Company’s and Subsidiaries’ trade receivables are denominated in rupiah. As of June 30, 2013 and December 31, 2012, 2011 and 2010, trade receivables amounting to
Rp10,275,877, Rp8,891,942, Rp8,535,523 and Rp5,255,013, respectively, are pledged as collateral for loans payable to BCA Note 15.
Based on a review of the status of the individual trade receivables at the end of the year, the Company and Subsidiaries’ management believes that all of the trade receivables are fully collectible.
In relation to operating leases of the Company and Subsidiaries, the following is the aggregate amount of future minimum lease payments for each period under non-cancellable operating leases:
December 31, June 30, 2013
2012 2011
2010
1 year 195,372,546
83,563,566 66,222,348
119,988,781 1-5 years
351,227,182 105,464,658
103,348,827 159,467,480
5 years 3,935,663
55,251,199 53,669,615
4,899,293
Total operating lease receivables 550,535,391
244,279,423 223,240,790
284,355,554
For the six-month period ended June 30, 2013 and years ended December 31, 2012, 2011 and 2010, total contingent rent, which was recognized as revenue, amounted to Rp10,589,161, Rp17,467,841,
Rp15,958,602 and Rp14,832,252, respectively.
