PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
99
31. COST OF SALES AND DIRECT COSTS
The details of cost of sales and direct costs are as follows:
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Property development Houses
75,315,990 377,992,937
703,160,684 648,582,745
384,522,586 Shops
187,748,609 47,239,193
143,275,968 92,133,000
81,172,641 Landplots
88,044,694 139,683,919
253,897,139 145,562,081
218,201,605 Apartments
182,193,268 -
296,453,993 2,955,782
22,072,194 Offices
- -
- 78,933,643
- 533,302,561
564,916,049 1,396,787,784
968,167,251 705,969,026
Investment properties Mall and retail
178,900,439 159,131,460
326,767,729 252,363,182
182,510,149 Commercial and others
22,296,483 13,546,048
44,996,089 12,799,828
9,042,633 Office
9,414,003 3,918,479
396,946 4,995,655
4,737,738 Residential
1,834,047 539,600
3,273,153 3,395,863
3,351,352 212,444,972
177,135,587 375,433,917
273,554,528 199,641,872
Others Hotel
22,379,612 16,025,169
45,188,716 38,853,728
20,253,157 Healthcare
16,515,690 7,759,799
20,066,391 4,240,218
- Leisure
16,089,556 10,807,202
27,574,393 23,468,897
21,914,238 Others
16,743,734 3,345,326
6,125,166 3,900,818
- 71,728,592
37,937,496 98,954,666
70,463,661 42,167,395
Total cost of sales and direct costs 817,476,125
779,989,132 1,871,176,367
1,312,185,440 947,778,293
There are no purchases exceeding 10 of net revenues that were made from any single supplier for the six-month periods ended June 30, 2013 and 2012 and years ended December 31, 2012, 2011 and
2010.
PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
100
32. OPERATING EXPENSES
The details of operating expenses are as follows:
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Selling expenses Promotion and advertising
64,312,390 44,150,385
96,506,424 74,423,129
49,629,633 Sales commissions Note 39p
36,527,175 44,931,242
39,136,142 40,745,075
31,316,176 Salaries and employee benefits
4,186,223 3,411,362
7,147,131 5,290,843
4,628,796 Housing and apartment loans
administration 1,160,498
- 4,439,080
2,848,347 5,416,470
Others each below Rp1,000,000 1,539,314
2,571,172 1,090,764
2,421,317 1,702,940
Total selling expenses 107,725,600
95,064,161 148,319,541
125,728,711 92,694,015
General and administrative expenses Salaries and employee benefits
205,126,156 133,372,690
313,905,140 232,932,154
179,350,415 Depreciation Notes 12 and 13
24,063,874 28,183,490
42,632,817 33,952,534
28,656,880 Entertainment, representation
and donations 10,173,881
9,566,941 15,284,467
8,212,812 10,091,844
Electricity, water and telephone 7,290,507
3,589,605 6,798,429
6,800,523 5,859,397
Security 6,737,621
5,027,654 10,316,682
10,645,642 5,646,862
Professional fees 5,111,003
2,400,794 8,900,423
5,193,571 5,000,817
Repairs and maintenance 4,817,201
3,234,385 6,379,406
6,706,738 5,164,420
Supplies 4,131,193
1,714,346 1,384,847
2,858,353 686,123
Travelling and transportation 3,514,711
3,713,298 7,541,943
9,316,873 7,197,551
Insurance 1,975,075
1,513,585 2,888,423
1,678,725 2,293,205
Land and building tax 1,968,779
1,426,698 6,536,455
4,572,176 4,617,791
Permit 1,524,715
614,944 1,847,350
2,136,480 917,401
Printing 733,452
202,453 1,392,090
4,137,751 3,516,186
Tax assessment charges Note 21h -
- 55,432
4,489,570 2,958,137
Others each below Rp1,000,000 18,039,224
12,725,498 33,648,955
20,650,078 15,356,086
Total general and administrative expenses
295,207,392 207,286,381
459,512,859 354,283,980
277,313,115
Total operating expenses 402,932,992
302,350,542 607,832,400
480,012,691 370,007,130
33. FINANCE COSTS
The details of finance costs are as follows:
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Interest expense: Loans from banks
35,480,515 27,534,186
62,756,794 48,811,613
50,527,327 Bonds payable and sukuk ijarah
20,445,000 21,150,000
42,300,000 43,937,159
46,392,479 Loans from financing institutions
556,937 5,436,360
1,078,603 1,013,538
1,411,526 Others
1,465,527 3,680,589
2,148,558 2,442,115
1,554,200
Total finance costs 57,947,979
57,801,135 108,283,955
96,204,425 99,885,532
