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
- 99 - 1.
Demand deposits consist of:
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Related parties Note 53
Foreign currencies Note 54 31,343
172,027 14,250
Third parties Rupiah
63,992 103,107
84,183 Total
95,335 275,134
98,433
Interest rates per annum are as follows:
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Rupiah
1.00 - 5.00 1.00 - 6.50
1.50 - 5.00 Foreign currencies
0.25 0.15 - 0.25
0.15
As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, demand deposits are managed by Sharia unit, amounting to Rp 448 and Rp 1,420 and nil,
respectively.
2. As of January 1, 2011December 31, 2010, Call Money is placed by third party in Rupiah with interest rate of 6.00 per annum.
3. Time deposits represent time deposits which are placed by third parties in Rupiah.
As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, time deposits are managed by Sharia unit, amounting to Rp 49,500 and Rp 160 and 63,000,
respectively.
Interest rates for deposits from other banks per annum are as follows:
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Time deposits
5.50 - 7.25 6.50 - 7.25
6.50 - 7.25
23. Securities Sold Under Agreements to Repurchase
As of December 31, 2011 and January 1, 2011December 31, 2010, investments in securities sold under agreement to repurchase represent investments of SMS in Reksadana Sinar Prima
Reksa, subsidiary, consisting of:
Maturity Net carrying
Type of Investment Term
Date value
Rupiah Shares
PT Tiga Pilar Sejahtera Food Tbk 91 days
January 23, 2012 39,125
December 31, 2011
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
- 100 - Maturity
Net carrying Type of Investment
Term Date
value Rupiah
Shares PT Tiga Pilar Sejahtera Food Tbk
90 days January 24, 2011
32,069 January 1, 2011December 31, 2010
As of December 31, 2012, there are no securities sold under agreement to repurchase.
24. Insurance Payable
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Related parties Note 53
Reinsurance payable 2,661
19,108 7,181
Insurance claims payable 1,460
8,064 3,216
Commissions payable 8,310
3,354 1,868
Premiums payable 696
929 181
Total 13,127
31,455 12,446
Third parties Reinsurance payable
180,677 126,426
54,769 Insurance claims payable
98,810 99,531
98,605 Commissions payable
36,846 18,001
22,844 Premiums payable
29,365 26,014
8,073 Total
345,698 269,972
184,291 Total
358,825 301,427
196,737
The details of insurance payable based on currency:
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Rupiah
Reinsurance payable 110,924
96,269 10,481
Insurance claims payable 85,157
87,609 97,584
Commissions payable 37,163
19,330 21,604
Premiums payable 19,357
20,755 3,482
Total 252,601
223,963 133,151
Foreign currency Note 54 Reinsurance payable
72,414 49,265
51,469 Insurance claims payable
15,113 15,275
2,889 Commissions payable
7,993 6,736
4,456 Premiums payable
10,704 6,188
4,772 Total
106,224 77,464
63,586 Total
358,825 301,427
196,737
