PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
66
19. TAXATION June 30, 2016
December 31, 2015 a.
Prepaid taxes consists of:
Final tax expense 142,377,733
125,531,648 Value added tax
61,822,606 115,019,250
Claim tax for refund 12,688,098
10,203,760
Total prepaid taxes 216,888,437
250,754,658 b.
Taxes payable consists of:
Income tax
Article 21
7,597,035 2,388,847
Article 23
1,239,551 4,578,548
Article 25
9,471 9,471
Article 26
92,302 714,743
Article 29
- 443,956
Final income tax 33,850,644
26,856,949 Development
tax 3,989,626
4,651,102
Total taxes payable 46,778,629
39,643,616 20. EMPLOYEE BENEFITS LIABILITIES
The Company and Subsidiaries provide benefits to their qualified employees based on the provisions of Labor Law No. 132003 dated March 25, 2003. The benefits are not funded.
The Group defined contribution pension plan for all eligible employees. The Companys contribution to the pension fund is calculated at 1 of their pensionable salaries, while the employees monthly dues equal to 2,5 of their pensionable
salaries. The Group enroll eligible employees at Manulife Retirement Program MPP an additional pension program. The pension plan is organized by Pension Fund Manulife Indonesia, the establishment of which was approved by the
Minister of Finance on June 17, 2002. Starting in February 2006, the Company has temporarily stopped contributions to DPLK and MPP for sufficient funds to pay withdrawals in large quantities. Subsequently, in June 2014, the Company also
enroll eligible employees in the Pension Plan for Severance Compensation organized by Dana Pensiun Fund Central Asia Raya DPLK CAR .
21. DOWNPAYMENT RECEIVED AND SECURITY DEPOSITS
This account consists of:
June 30, 2016 December 31, 2015
Downpayments received from the sale of: Related
parties Apartments
2,245,322 1,633,866 Shops
631,082 -
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
67
21. DOWNPAYMENT RECEIVED AND SECURITY DEPOSITS CONTINUED June 30, 2016
