PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2010 AND 2009 AND FOR THE SIX MONTHS PERIOD THEN ENDED Continued
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8. Brand Etiquettes
The Company has the following brand etiquettes on its products : a.
Brand etiquette “Kompas“ for various products of soap, cooking oil, cleaner and cosmetics.
b. Brand etiquette “ Gunung Agung “ for various products of cooking oil and margarine.
c. Brand etiquette “ Bumi Waras B.W. for various products of soap, cleaner and cosmetics.
d. Brand etiquette “ Rossy “ for various products of soaps.
e. Brand etiquette “ Burung Merak “ for various products of coconut oil, cooking oil and
margarine. f.
Brand etiquette “ Tawon “ for various products of coconut oil, cooking oil, margarine and jam.
g. Brand etiquette “ Segar “ for various products of bath soap.
h. Brand etiquettes “Rose Brand” for various product of coconut oil, cooking oil, margarine,
butter and consumable fat. Each of the brand etiquette is attached to the certificates of trademark held by the Company,
which has a term of 10 years since the date of its registration.
9. Land Rental Agreements
In January 1997, the Company and its subsidiaries entered into rental agreements with Widarto and Santoso Winata, for the use of the land in Bandar Lampung, where the Company and its
subsidiaries’ factories and offices are located, for 30 years until December 31, 2026. The rental for the use of the land located in Bandar Lampung amounts to Rp 350,000 thousand per year.
In January 2002, the rental agreements for the use of land in Bandar Lampung, where the Company factory and office are located, were amended with annual rental charges amounting to
Rp 500,000 thousand. Rental charges for the succeeding years will be determined based on the agreement of both parties. The rental agreement has matured in December 2009 and has been
extended up to December 2011, with annual rental charges amounting to Rp 500,000 thousand.
10. Agreement on Building Rental with PT Budi Delta Swakaya BDS
In October 1998, the Company entered into a rent agreement with PT Budi Delta Swakarya BDS, for the use
of the building space in Jakarta where the Company’s head office is located, for 2 years until October 31, 2000, with rental fee of US 13 per square meter per month and service fee of
US 7 per square meter per month. The rental agreement has been extended for several times every 2 years, wherein the latest extension was made on October 30, 2010 until March 31, 2011.
11. Distributor Agreement
