PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 91 -
23. Other Assets
2011 2010
Rp 000,000 Rp 000,000
Advanced payment for purchase of property and equipment
180,779 54,431
Prepaid expenses 91,595
60,204 Advanced payment for buildings renovation
87,748 12,778
Security deposits 21,746
10,239 Inventories
13,410 5,349
Derivative assets 7,548
- Prepaid taxes
6,890 8,601
Advances for investment 500
2,000 Others
14,351 6,205
Total 424,567
159,807
Advanced payment for purchase of property and equipment and advanced payment for buildings renovation represent purchasing and or payment to supplier and contractor which have not been
settled as of the date of consolidated financial position. Prepaid expenses include prepayments of office rental, shares administration charges, stamp
duties and insurance premiums. As of December 31, 2011, advance for investment represents advances for investment in shares
of PT Golden Health, amounting to Rp 500 million, while as of December 31, 2010, advance for investment represents advances for investment in shares of PT Golden Tropical, amounting to
Rp 1,500 million and Golden Health amounting to Rp 500 million. As of December 31, 2011 and 2010, the balances of other assets from related parties amounted
to Rp 11,108 million and Rp 9,622 million, respectively Note 54. As of December 31, 2011 and 2010, the balances of other assets denominated in foreign
currency amounted to US 236,368 and US 144,957, respectively Note 59.
24. Deposits and Deposits from Other Banks
These represent deposits and deposits from other banks placed in BS, a subsidiary. 2011
2010 Rp 000,000
Rp 000,000 Demand deposits
2,466,701 1,718,103
Savings deposits 2,367,613
1,371,475 Time deposits
9,420,767 6,147,679
Deposits from other banks 323,675
366,853 Total
14,578,756 9,604,110
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 92 - a.
Demand deposits consist of:
2011 2010
Rp 000,000 Rp 000,000
Related parties Note 54 Rupiah
352,730 304,123
Foreign currencies Note 59 170,298
493,501 Subtotal
523,028 797,624
Third parties Rupiah
1,406,871 422,312
Foreign currencies Note 59 536,802
498,167 Subtotal
1,943,673 920,479
Total 2,466,701
1,718,103
As of December 31, 2011 and 2010, demand deposits managed by Sharia unit amounted to Rp 20,421 million and Rp 4,978 million, respectively.
Average interest rates per annum on demand deposits are as follows:
2011 2010
Rupiah 1.00 - 6.00
1.50 - 5.00 Foreign currencies
0.06 - 2.00 0.15 - 2.25
b. Savings deposits consist of:
2011 2010
Rp 000,000 Rp 000,000
Rupiah Related parties Note 54
8,547 7,668
Third parties 2,359,066
1,363,807 Total
2,367,613 1,371,475
As of December 31, 2011 and 2010, savings managed by Sharia unit amounted to Rp 8,482 milllion and Rp 2,124 million, respectively.
Average interest rates per annum on savings deposits are as follows:
2011 2010
Rupiah 0.25 - 6.00
0.25 - 6.50
