PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 117 -
48. General and Administrative Expenses
December 31, December 31,
2012 2011
General 165,883
118,183 Marketing and advertising
163,699 96,561
Electricity, water, and telephone 141,267
96,310 Rental
77,705 49,743
Office supplies 49,617
33,605 Administration
42,931 31,650
Professional fees 32,436
21,470 Defined-benefit post employment expense Note 49
22,350 14,363
Total 695,888
461,885
49. Long Term Employee Benefits Liability
The Group determines long term employee benefits liability based on Law No. 13 Year 2003, dated March 25, 2003. No funding of the benefits has been made to date by the Group.
As of December 31, 2012, 2011, 2010, 2009 and 2008, the last actuarial valuation report on the the long term employee benefit liability of the Group was from an independent actuary.
A reconciliation of the amount of long-term employee benefits liability presented in the consolidated statements of financial position is as follows:
2012 2011
2010 2009
2008 Present value of unfunded
long-term employee benefit liability 144,618
95,968 69,839
39,742 23,758
Unrecognized actuarial gains losses
47,047 19,151
5,362 731
3,327 Unrecognized past service costs
733 29
30 32
34 Long-term employee benefits liability
96,838 76,788
64,447 38,979
27,051
Following are details of long-term employee benefits expense:
December 31, December 31,
2012 2011
Current service costs 17,849
9,855 Interest costs
5,485 3,439
Amortization actuarial gain 3,927
1,067 Past service costs
18,002 2
Actuarial adjustments 22,913
- Defined-benefit post-employment reserve at end of the year
22,350 14,363
Movements of long term employee benefit liability are as follows:
December 31, December 31,
2012 2011
Long term employee benefit liability at beginning of the year 76,788
64,447 Long term employee benefit expense during the year Note 48
22,350 14,363
Payments during the year 2,300
2,022 Long term employee benefit liability at end of the year
96,838 76,788
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 118 - Principal actuarial assumptions used in the valuation of the defined post-employment benefits
are as follows:
December 31, December 31,
2012 2011
Future salary increase 4.50 - 15.00 5.00 - 15.00
Discount rate 6.50 - 10.00 7.00 - 10.00
50. Other Expenses
December 31, December 31,
2012 2011
Repairs and maintenance 64,020
41,089 Training and education
44,999 35,296
Direct costs of service center 14,937
13,107 Tithe inshare in net loss of associates - net
4,026 -
Others 39,602
22,239 Total
167,584 111,731
Others consist of donation, fine, loss on sale of foreclosed properties and others.
51. Income Taxes
The tax expense of the Group consists of the following:
As Restated - Note 62
December 31, December 31,
2012 2011
Current tax expense Subsidiaries
110,620 78,996
Deferred tax benefit The Company
43 18
Subsidiaries 22,095
10,634 Subtotal
22,138 10,652
Total 88,482
68,344
Current Tax A reconciliation between income before tax per statements of comprehensive income of the
Company and accumulated fiscal losses is as follows:
As Restated - Note 62
December 31, December 31,
2012 2011
Income before tax per consolidated statements of comprehensive income
1,656,283 2,012,263
Deduct: Income of the subsidiaries
1,621,677 1,974,274
Income before tax of the Company 34,606
37,989
