PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 29 - The Syndicated loan has been settled on September 30, 2010.
Bank Mandiri
The loan facility from Bank Mandiri represent investment loan received by the Company amounting to US 5,965 thousand in 2004, which has just been availed of in 2006. This facility
was used to finance the power plant project with a total value of investment amounting to US 11,450 thousand. This facility has a term of 5.5 years, which will start from the date of the first
drawdown without grace period and will mature in the second quarter of 2011. Interest rates per annum for the investment loans are 7,00 to 9.00 in 2010 and 2009. This
credit facility is secured with the power plant project financed which has already been completed in 2009.
Bank CIMB Niaga Tbk
The loan facility from CIMB represents Fixed Installment Loan PTA obtained by AKG, a subsidiary, amounting to Rp 8,981,100 thousand or equivalent to US 961.20 thousand obtained
in 2008. This facility was used to finance the purchase of 12 units of heavy equipment. This facility has a term of 36 months without grace period and will mature on June 6, 2011.
Interest rate per annum for the PTA is 16 effective. The payment of interest and principal is calculated using the annuity method. This credit facility is secured with the heavy equipment
financed and corporate guarantee from the Company.
18. CAPITAL STOCK
As of May 25, 2010, an Extraordinary Stockholders’ Meeting was held and the stockholders have agreed to issue 200,000,000 shares stocks with Right Issue without Pre-emptive Right to settle the
Company’s loan. The issuance of 200,000,000 shares of the new stock recorded in capital stock amounted to Rp. 25,000,000,000.
As of September 29, 2008 by virtue of Notarial Deed No. 28 of Mrs. Kartuti Suntana S,S.H. notary
public in Jakarta the company have been increased the Company’s authorized become Rp. 800.000.000 thousand which divided into 6.400.000 thousand shares, with a par value of Rp.
125,- per share, Based on report of PT Adimitra Transferindo, Shares Registrar , the list of Stockholder is as follows:
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 30 - All of the Company’s shares are now listed in the Indonesia Stock Exchange previously in the
Jakarta and Surabaya Stock Exchange
19. NET SALES
The details on net sales are as follows:
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 31 - 19. COST OF GOODS SOLD
The details of cost of goods sold are as follows:
20. OPERATING EXPENSES
The details of operating expenses are as follows: Selling Expenses
General And Administrative Expenses
2010 2009
Rp 000 Rp 000
Salaries and benefits 27,491,594
26,825,152 Taxes and licenses
6,595,828 1,946,470
Representation 6,413,703
1,969,218 Office expenses
6,002,268 4,251,422
Professional fees 2,476,529
1,353,734 Rent
2,293,428 2,268,321
Insurance 1,564,420
1,189,910 Travel and transportation
1,357,189 1,785,129
Others 24,075,957
21,929,050
Total 78,270,916
63,518,405
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 32 - 21. INCOME TAX
Tax expense benefit of the Company and its subsidiaries consists of the following:
Current Tax
The details of the Company and its subsidiaries’ current tax are as follows :
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
- 33 -
Deferred Tax
The details of the Company and its subsidiaries’ deferred tax assets and liabilities are as follows:
22. APPROPRIATION FOR GENERAL RESERVE
